Sophos
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Sophos Details First Fake Apps Found on Apple’s App Store Used by Cybercriminals for CryptoRom Schemes

ByTechTrends

 Sophos, a global leader in innovating and delivering cybersecurity as a service, today released new findings on CryptoRom scams—elaborate financial fraud schemes that prey on and trick dating app users into making fake cryptocurrency investments—in its latest report, “Fraudulent Trading Apps Sneak into Apple and Google App Stores.” The report details the first fake CryptoRom apps —Ace Pro and MBM_BitScan—…

ARM Labs Lagos Techstars

12 Startups Qualifies for the $120k ARM Labs Lagos Techstars Accelerator Programme

ByTechTrends

The inaugural ARM Labs Lagos Techstars accelerator, which offers access to up to US$120,000 in equity capital and other sorts of support, has chosen twelve African digital startups. The first edition of the ARM Labs Lagos Techstars accelerator will last for three months. It was established by Techstars, a global investment company that offers early-stage…

Startups Accelerator Program

Apply for Google for Startups Accelerator Program for Women Tech Founders

ByTechTrends

The first-ever Google for Startups Accelerator: Women Founders Africa Program is now accepting applications. The program’s goal is to empower female entrepreneurs on the continent by giving them the tools and chances they need to scale their tech businesses and solve problems in Africa. Beginning in March 2023, the 12-week program will comprise one boot…

Amazon NFT Initiative

Amazon is set to Launch a Gaming-centered NFT Initiative

ByTechTrends

A suspected NFT initiative appears to be paving the way for e-commerce behemoth Amazon to join the Web3 community. Although the corporation hasn’t released all the information, insider sources claim that it will begin this spring. In order to assist its plans to develop a business focused on digital assets, the company has been looking…

Convergence Partners

Convergence Partners Closes $296 Million to Promote Digital Infrastructure in Africa

ByTechTrends

Convergence Partners, the top private equity investor in sub-Saharan Africa’s technology industry, is pleased to announce the $296 million closure of its Convergence Partners Digital Infrastructure Fund (CPDIF), exceeding its original objective by more than 18%. Despite tepid private capital raising across the continent in 2022, this accomplishment was made. Convergence Partners’ largest fund to…

Alpha Beta Education Centre

The Alpha Beta Education Centre Launches $350,000 Stem Project in Ghana

ByTechTrends

An initiative to provide free structured programs and trainings for students and teachers has been launched by the Alpha Beta Education Centre (ABEC) in Accra as part of a $350,000 STEM project. The two-year initiative, according to Dr. Naomi Adjepong, head of ABEC, would also give the school the chance to expand its current facilities,…

Trade Lenda

Trade Lenda, Nigerian Fintech Startup Secures $520m in pre-Seed Round to Scale

ByTechTrends

Trade Lenda, a Nigerian fintech firm that provides access to financing for micro, small, and informal retailers’ business needs, has acquired US$520,000 in pre-seed funding to accelerate its expansion. The Lagos-based Trade Lenda was established in 2021 to assist small businesses in obtaining quick and affordable credit with no upfront collateral within six hours. The…

OPEN Female founders

OPEN is Inviting Female African Founders in the Energy Sector to Apply for up to US$100,000 Funding

ByTechTrends

The OPEN fund will consider applications from female founders in the African energy sector for funding of up to $100,000. OPEN is a project of the CSI Energy Group, a diverse network of firms focused on Africa that offers sustainable solutions to the energy sector across the continent. OPEN is looking for women-led energy enterprises…

Yebo Fresh

Yebo Fresh, South African Food e-Commerce Startup Secures $4.5m in pre-Series A Round

ByTechTrends

Yebo Fresh, a South African e-commerce business that delivers fresh goods and food to townships, has secured a ZAR78 million (US$4.5 million) pre-Series A equity investment in addition to a Jobs Fund grant. Yebo Fresh is an online grocery delivery service for township communities that was introduced in 2018 and is based in the garage…

Africa Data Centres

Africa Data Centres to Construct Second Data Facility in Cape Town

ByTechTrends

The firm owned by Cassava Technologies, Africa Data Centres, revealed intentions to erect a 20MW data center near Cape Town on Wednesday. The new facility, which is scheduled to debut in the middle of next year, will have an IT load of up to 20MW. The company now has two data centers in Cape Town….

African Guarantee Fund

African Guarantee Fund join force with a crowdfunding platform in Frankfurt to make financing accessible to sustainable SME Projects in Africa

ByTechTrends

To improve funding of sustainable SME projects in Africa, the African Guarantee Fund (AGF), a market-friendly guarantee program that aims to make financing for small businesses easier in Africa, has teamed with bettervest, a crowdfunding platform based in Frankfurt. The AGF, developed and supported by the AfDB in collaboration with the governments of Spain and…

AFD Digital Challenge

Apply for the 6th Edition of AFD Digital Challenge

ByTechTrends

The sixth AFD Digital Challenge, which is focused on the cultural and creative industries, is now accepting applications. The Agence Française de Développement (AFD) is committed to assisting high-impact tech entrepreneurs in Africa for the sixth year running. All Cultural and Creative Industries (CCI) startups and associations that use digital technology at the core of…

central bank card

Central Bank of Nigeria Launches AfriGo to Replace VISA and Mastercard

ByTechTrends

Nigeria’s central bank today carried out its plan to introduce the AfriGo national domestic card program. The program, which was first unveiled at a Bankers’ Committee news conference in October 2022, involves the central bank in the market’s triopoly of card payment programs for Nigeria. Godwin Emefiele, the governor of the Central Bank of Nigeria,…

loan, business

Is Loan Financing the best for Startups?

ByTechTrends

In setting up a business, various forms of resources are necessary to make the idea a successful one. Businesses require money, time, and human capital for growth. Unlike an established business with traction, startups are like the way they sound – starting from the scratch. This business process requires financing from different sources; both internal and…

Google Translate

Google Translate Offline Support now Embrace 9 new African Languages

ByTechTrends

Google recently announced the addition of 33 new languages, including nine African languages, to the Google Translate app for iOS and Android. This brings Google’s total number of African languages supported to 12. Since 2018, when Google Translate offline translation tool was launched, Arabic, Swahili, and Afrikaans have been supported. Nigerian dialects The newly added…

Chester Wisniewski, Principal Research Scientist at Sophos
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ChatGPT’s Impacts will be Social, not Technical

ByTechTrends

The technology world was on fire about the latest artificial intelligence demonstration by OpenAI in the waning months of 2022, ChatGPT. It is truly a remarkable achievement, an artificial intelligence (AI) that you can have a conversation with and ask it to do everything from write essays to code computer programs. As a computer security…

Binance Charity

Binance Partners With Women in Tech to Roll out Free Web3 Training to Rural South African Women

ByTechTrends

Binance Charity, Binance’s philanthropic arm, has announced a collaboration with Women in Tech to provide Web3 vocational training to 2 800 women in rural communities in South Africa and Brazil, thereby creating future entrepreneurs and job opportunities. Web3 focuses on blockchain education and understanding of key cryptocurrency concepts. Training focuses on a wide range of…

Digital Expert Academy

Digital Expert Academy Launches in Lagos, Nigeria to Equip Youths

ByTechTrends

The official opening of the Digital Expert Academy in Lagos was attended by US Consul General Will Stevens, representatives from leading American technology companies, and Nigerian technology and business leaders. The Digital Expert Academy, founded by 21st Century Technologies, aims to train and upskill young Nigerians in artificial intelligence, digital infrastructure, machine learning, cloud services,…

Carry1st

South African Mobile Games Publisher, Carry1st Completes $27 Million in Pre-series B Funding

ByTechTrends

Carry1st, an African mobile games publisher, has recently received a $27 million pre-Series B investment to help it grow its business and create more games. Bitkraft Ventures led the round, with backing from Andreessen Horowitz, TTV Capital, Alumni Ventures, Lateral Capital, Kepple Ventures, and Konvoy. Carry1st was founded in Cape Town, South Africa, in 2018…

Africa Startup Initiative

11 Startups Join Cohort 3 of the Africa Startup Initiative Program Accelerator

ByTechTrends

Startupbootcamp AfriTech, Africa’s leading tech accelerator, has chosen the participants of the Africa Startup Initiative Program, in collaboration with founding partner and leading telecom giant, Telecel Group (ASIP). The ASIP Accelerator has been successful in assisting founders in fine-tuning their business models while also facilitating entry into new markets such as Senegal. This has been…

Cathedis

Cathedis, Moroccan Logistics Startup Secures $735,000 for Expansion

ByTechTrends

Cathedis, a logistics startup based in Morocco that specializes in delivery and e-logistics, has announced the completion of its pre-series. Afrimobility raised $5 million, AKWA Group provided venture capital, and CDG Invest provided a bridge loan of $2 million, for a total of $735,940. Cathedis’ platform, founded by Imad Mansour Zekri, provides cloud-based warehousing and…

O-Farms Programme

10 Kenyan Agri-circularity Startups Qualifies for O-Farms Programme

ByTechTrends

Ten Kenyan agri-circularity startups have been chosen for the second edition of the O-Farms accelerator programme, which will award two peer-selected companies with up to EUR25,000 (US$24,000) in milestone-based grant funding. O-Farms, led by Bopinc and Village Capital and implemented by E4Impact Accelerator, was launched in 2021 as Africa’s first agri-circularity accelerator programme, with the…

Instagram Quiet Mode
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Instagram Launches Quiet Mode to Allow Users to Pause Notifications

ByTechTrends

Instagram has introduced a new feature called Quiet Mode, which is designed “to help people focus and encourage people to set boundaries with their friends and followers.” The feature, according to the company, aims to alleviate users’ anxiety about spending time away from the app by silencing incoming alerts, auto-replying to direct messages (DMs), and…

Economic Outlook

2023 Economic Outlook for Nigeria

ByTechTrends

In conjunction with the IMF/World Bank annual meetings, forecasts released at the July World Economic Outlook in July 2022, projected Nigeria inflation to fall to 17% and an increase in its Gross Domestic Product GDP, to 3.4% in 2022 and 3.2% in 2023. Reprojected in October World Economic Outlook, Nigeria’s GDP is projected to drop to 3.2% in 2023…

Peter Herweck, AVEVA CEO

AVEVA announces the completion of its acquisition by Schneider Electric

ByTechTrends

 AVEVA, a global leader in industrial software, today announced the completion of its acquisition by Schneider Electric, a leading global industrial company specializing in digital automation and energy management. Since its foundation, AVEVA has grown from a niche design software developer to a leading global industrial software company with a value of more than £10bn. Today, AVEVA’s…

Home studying

Top tips for the home in setting yourself up for studying success

ByTechTrends

The 2023 academic year is opening across Mzansi, with inland schools return date of 11 January, while coastal schools open on the 18th. “Your education is, of course, of absolute critical importance – especially for today’s young people who are adapting to a new digital and hybrid world, where social and student lives are intrinsically…

Africa Tech Summit

Application is Open for Startups to Pitch Live at the Africa Tech Summit Nairobi 2023

ByTechTrends

The fifth edition of Pitch Live at Africa Tech Summit Nairobi’s final deadline is approaching on Friday, January 20. Ten potential businesses will be chosen to present their technological breakthroughs live on stage to more than 1000 investors, corporations, and delegates. Tech startups from all over Africa can attend the Pitch Live event to obtain…

Forbes

Forbes is Inviting North African Startups to Apply for its $500k Competition

ByTechTrends

A US$500,000 competition has been launched by Forbes and the Aviram Foundation to find innovative companies dedicated to using technological innovation to create meaningful, substantial change. The competition, whose grand prize is US$500,000, seeks out unique goods or services that will have a positive influence on society, the environment, or people. Hundreds of entries were…

Mentor-Driven Capital Africa

Apply for the 2023 Mentor-Driven Capital Africa Program for Women in Leadership

ByTechTrends

Applications are now being accepted for the 2023 Mentor-Driven Capital Africa Program for Women in Leadership, which is looking for mentors for the continent’s up-and-coming entrepreneurs. One of VC4A’s strategies for enhancing startup ecosystems worldwide is “mentor-driven capital.” The program’s objective is to equip aspiring and experienced business mentors with the resources they need to…

iGas

iGas, Kenyan Startup Unveils Digital LPG Marketplace

ByTechTrends

A Kenyan business called iGas has introduced a digital LPG marketplace with the goal of easing last-mile delivery, price, and accessibility issues to speed up access to clean cooking. iGas, a company that was founded in 2021 but only recently became publicly accessible, allows gas sellers, whether they are residential or commercial, to set up…