Retail industry and Ransomware report by Sophos
|

Criminals “Follow the Money” by Commercializing Cybercrime, according to the Sophos 2023 Threat Report.

ByTechTrends

Sophos, a global leader in innovating and delivering cybersecurity as a service, today published its 2023 Threat Report. The report details how the cyberthreat landscape has reached a new level of commercialization and convenience for would-be attackers, with nearly all barriers to entry for committing cybercrime removed through the expansion of cybercrime-as-a-service. The report also addresses…

Whatsapp Emoji

WhatsApp Introduces Polls Feature to Android, iOS Users

ByTechTrends

WhatsApp Polls, the newest group communication feature from the Meta-owned company, is now available to users on both Android and iOS. Polls and “Communities,” a feature that enables users to have many groups under a single roof to organize group talks, were recently added to the messaging app. In addition, WhatsApp had doubled the participant…

Finplus

Finplus, Kenyan Startup Reaches $1bn Transaction Value Mark

ByTechTrends

The Kenyan fintech firm Finplus Group has claimed that after five years of operation, its platform has processed transactions worth over US$1 billion. Finplus, a company founded in 2017 by Kageni Wilson and Bernard Banta, offers fully-managed software to assist financial service providers in running their businesses effectively and expanding in any market. With modular…

blockchain technology

Start-up leveraging blockchain technology to address the 331 billion working capital gap in Africa.

ByTechTrends

Making US$20k Monthly Recurring Revenue (MRR) with 1 full-time employee and two part-time co-founders: CEO working from overseas! Running a small software development company, we had our ‘breakthrough’ moment in 2019 when high-profile global bank awarded us a US$150k project. I needed to grow the team in order to meet the tight delivery timelines. With…

DeveloPPP Ventures

German Startup Programme, develoPPP Ventures Announces €100K Grant for Kenyan and Tanzanian Startups

ByTechTrends

DeveloPPP Ventures, a startup program sponsored by the German government, has announced a grant of €100,000 for startups in Kenya and Tanzania to help them grow their impact-driven businesses. A project of the German Federal Ministry for Economic Cooperation and Development (BMZ), develoPPP Ventures is carried out by DEG Impulse and sponsored by Seedstars, a…

upload speed

Here’s why content creators and gamers shouldn’t treat upload speed as an afterthought

ByTechTrends

The internet super highway isn’t a one-way street. While everyone’s focus is usually on their download speed, there are countless reasons why influencers, content creators, and gamers shouldn’t treat upload speeds as an afterthought. “A recent Vuma 2021 Core End-User Research Study revealed that only 17% of respondents upgraded their fibre internet speed because they have large upload requirements….

Economic Imlpications of the Introduction of the New Naira Notes in Nigeria

Economic Imlpications of the Introduction of the New Naira Notes in Nigeria

ByTechTrends

The Central Bank of Nigeria (CBN) governor, Godwin Emefiele has issued a statement concerning the institution’s policy to introduce redesigned naira notes by the 15th of December 2022. This he said is as a result of continuous rise in the inability of banks to control the circulation of Nigeria’s naira notes, which poses as incompetence on the…

L-r: – Rudman Muhammed, CEO, Internet Exchange Point of Nigeria, Dewole Ajao, Global Network Acquisition EMEA, Google; Folu Aderibigbe, Sales Director, Rack Centre, Dr. Krish Ranganath, CTO, African Data Center
|

ngPIF 2022: Stakeholders reveal insights and practical knowledge to advance the economics of network interconnectivity in Nigeria

ByTechTrends

Critical stakeholders that attended this year’s Nigerian Peering and Interconnection Forum (ngPIF) have highlighted some insights and practical knowledge, which they believe will advance the economics of network interconnectivity in Nigeria. Conversations at the 2-day event, held on October 25th – 26th and which saw an attendance pool of over 400 infrastructure providers, connectivity stakeholders, content providers,…

The training for teachers on coding skills by NSSEC and Coderina
|

NSSEC Teams Up with Coderina to Equip Teachers with Coding Skills

ByTechTrends

The recent partnership between the National Senior Secondary School Education Commission (NSSEC) with one of Africa’s Leading EdTech Not for Profit; Coderina Education and Technology Foundation, is set to unlock Nigeria’s human capital development by enabling teachers to prepare students for the Fourth Industrial revolution (4IR). This partnership is a huge step toward fulfilling the…

ESET Nigeria's team at AfriTECH Awards led by Olabanji Soledayo, Marketing and Retail Sales Manager, ESET West Africa (m)
|

ESET Receives AfriTECH CyberSecurity Company of the Year Award

ByTechTrends

ESET received much accolades from guests and honourees at the Africa Tech Alliance Forum (AfriTECH 2.0) Awards as the company was conferred with CyberSecurity Company of the Year Award. The awards ceremony was part of activities lined up for AfriTECH 2.0 held in Lagos – Nigeria, on November 09, 2022 2 under the theme: ‘Sustainability and…

L-R: Peter Oluka, Co-Convener, AfriTECH; Kehinde Ogundare, Country Manager, Zoho Technologies Ltd; Prof. Abdu-Ja’afaru Bambale, Executive Director, Technical Services, NIGCOMSAT receiving Digital Economy Hero of the year Award on behalf of Prof. Isa Ali Ibrahim Pantami, Minister of Communications and Digital Economy (Nigeria); Emmanuel Amos, UN World Summit Award National Expert for Nigeria, and Chike Onwuegbuchi, Co-Convener, AfriTECH.
|

Pantami, Danbatta, Inuwa, Zoho, Ikenna-Emeka, others Receive 2022 AfriTECH Awards

ByTechTrends

The Africa Tech Alliance Forum (AfriTECH) has conferred special honours on Professor Isa Ibrahim Ali (Pantami), Nigeria’s Minister of Communications and Digital Economy, Professor Umar Garba Danbatta, the Executive Vice Chairman, Nigerian Communications Commission (NCC). Other special honourees at the award ceremony held during AfriTECH 2.0 are; Kashifu Inuwa Abdullahi, Director General, National Information Technology…

BasiGo

Kenya’s BasiGo Secures $6.6m in new Seed Funding to Facilitate Commercial Delivery of Electric Buses

ByTechTrends

In order to launch the commercial delivery of locally produced electric buses and charging infrastructure, the Kenyan firm BasiGo has acquired US$6.6 million in new seed funding. In November of last year, Disrupt Africa announced that BasiGo had begun operations in Nairobi after securing KES100 million (US$900,000) in finance earlier in the year. The firm…

Africa Tech Summit

African Tech Investors and Stakeholders to Connect at London Stock Exchange for the 6th Africa Tech Summit London

ByTechTrends

The sixth edition of Africa IT Summit London (ATS), which takes place on November 24 at the London Stock Exchange, will bring together African tech leaders, corporations, and investors. Leading industry figures from the annual Summit will share their perspectives, including those from the London Stock Exchange, DLA Piper, Alerzo, Deimos, Niji Oni & Co.,…

IFC

IFC Announces $225M VC Platform to Support Early-stage Startups in Africa, Central Asia, Middle East

ByTechTrends

A $225 million venture financing platform has been developed by the International Finance Corporation (IFC) to support early-stage businesses in Africa, the Middle East, Central Asia, and Pakistan. In order to “develop them into scalable companies that can attract mainstream equity and debt finance,” the IFC, a member of the World Bank, will invest in…

Cristiano-Ronaldo-Launches-First-NFT-Collection-Binance

Cristiano Ronaldo Unveils First NFT Collection With Binance

ByTechTrends

As part of an exclusive multi-year agreement, Cristiano Ronaldo’s first NFT collection will be made available on Friday, November 18, by Binance, the world’s foremost blockchain ecosystem and cryptocurrency infrastructure provider. A global marketing effort involving Ronaldo will support the launch and introduce his followers to Web3 through the realm of NFTs. He Yi, co-founder…

Mr. James Agada Deliverying keynote at AfriTECH 2.0
|

AfriTECH 2.0: Agada Lists Factors That Could Kill Startups

ByTechTrends

Immediate past Chief Executive Officer, CWG PLC, and Founder, Ixzdorelabs, an innovation hub and consultancy focused company, Mr. James Agada, has listed some factors that could lead to the premature death of a Startup. Agada, who spoke to the theme: Sustainability and the company of the future, at Africa Tech Alliance Forum (AfriTECH 2.0) held in…

Startup Wise Guys

Startup Wise Guys Chooses 9 Startups for the 2nd Batch of its Accelerator Program

ByTechTrends

The second iteration of the Startup Wise Guys accelerator, which provides selected B2B SaaS firms with access to EUR65,000 (US$67,000) in funding and a rigorous five-month mentorship program, has chosen nine startups to participate. Startup Wise Guys, an organization that was founded in Tallinn, Estonia in 2012, also oversees cybersecurity programs out of Cosenza and…

uqudo

uqudo, UAE-based Fintech Joins Forces With Several Companies to Promote Digital Identity in Africa

ByTechTrends

In order to advance digital identification across the continent of Africa, uqudo, a digital identity firm that makes customer onboarding safe, effective, and affordable, has worked with various organizations in the region. 50% of the 1.3 billion people in Africa, according to the World Bank and the Africa Development Bank, are smartphone users. The projected…

OneWeb

OneWeb Partners With Airtel Africa to Provide Better Connectivity Services in Africa

ByTechTrends

OneWeb has announced that it has entered into a relationship with Airtel Africa. Through this collaborative partnership, OneWeb will be able to reach government and enterprise clients throughout large swaths of the continent with its high-speed, low-latency LEO connection services. The partnership will concentrate on providing enterprise and civil government customers with satellite communications services…

GSMA Climate Resilience Fund

8 African Startups Receive Grants From GSMA Climate Resilience Fund

ByTechTrends

The GSMA Innovation Fund for Climate Resilience and Adaptation, which aims to speed up the testing, adoption, and scalability of digital innovations that enable the world’s most vulnerable populations to adapt to, anticipate, and absorb the negative impacts of climate change, has announced the recipients of grants, including eight African startups. The GSMA Innovation Fund…

Contro

South African Telehealth Platform, Contro Raises R10.1 Million Pre-seed Round

ByTechTrends

The Plug & Play, iCubed Capital, WZ Capital, and the Jozi Angels Network participated in the pre-seed round of funding for the South African telehealth platform Contro. The Bill & Melinda Gates Foundation also provided grant funding from the i3 fund. Contro was founded in June 2021 and presently provides six services, including once-off STI,…

Eden Care

Eden Care, Rwandan Digital Health Insurer Secures Pre-seed Funding Round

ByTechTrends

Eden Care, a Rwandan insurtech firm that provides businesses and their employees with inexpensive, individualized, and accessible health coverage, has acquired pre-seed capital to support its growth across East Africa. The two biggest reinsurers in Africa, Zep Re and Africa Re, support Eden Care, a licensed provider of digital health insurance. The start-up gives companies…

CutStruct

Nigerian Construction Procurement Startup, CutStruct Secures $600k in Pre-seed Funding Round

ByTechTrends

A US$600,000 pre-seed fundraising round has been completed by Nigerian startup CutStruct Technology to help with the growth and scalability of its B2B construction procurement application LiveVend. CutStruct, a company founded by John Oamen and Tayo Odunsi, has created LiveVend, a platform for construction procurement that enables buyers like contractors and real estate developers to…

Omnisient

South African Data Collaboration Startup, Omnisient Secures $3.5 Million in Funding

ByTechTrends

With the aid of Buffet Investments, KLT, and the Shoprite Group as the lead investors, Omnisient, a provider of consumer privacy-protecting data collaboration platforms in emerging markets, has raised a $3.5 million round of expansion financing. The expansion round was oversubscribed, and more investors joined original investors Investec and Nedbank, as well as follow-on investors…

Blnk
|

Blnk, Egyptian Fintech Secures $32 Million to Offer Loans in Egypt

ByTechTrends

Credit cards are hard to come by in Egypt. Only 4.8 million credit cards, or less than 5% of Egypt’s 104 million people, are available to be used to service that population, according to the Central Bank of Egypt. Due to wage reductions, an increase in unemployment and underemployment, and a general slowdown in the…

Smartphones

Kenya to Launch Cheap Smartphones to Make Government Services More Accessible

ByTechTrends

Following yesterday’s declaration by President William Ruto that the government is working on a plan to produce mobile phones that will cost less than Ksh. 5,000 in the next year, Kenya will begin manufacturing affordable smartphones. The president was speaking in Nairobi at the annual general meeting of the Kenya National Chamber of Commerce and…

Spotify

Spotify Unveils Talks Africa

ByTechTrends

Spotify has started an initiative that it claims would encourage “solution-driven” conversation about the issues the African music business is facing. The session, dubbed Spotify Talks Africa, will include experts chosen from across the industry, according to the streamer. It is thought that the effort would involve artists, producers, artist management, and staff members from…

Anzisha Prize
|

Application is now Open for the 2023 Cohort of The Anzisha Prize Fellowship

ByTechTrends

Applications for the 2023 cohort of the Anzisha Prize, a renowned venture-building program that supports young African entrepreneurs between the ages of 15 and 22, are now available. African entrepreneurs under the age of 22 who are starting enterprises and giving their peers job opportunities are urged to apply. Following that, 30 fellows will be…

Katapult Africa Accelerator Programme

9 Startups Join Katapult Africa Accelerator Programme

ByTechTrends

The Katapult Africa Accelerator Programme, which gives entrepreneurs access to US$150,000 in investment and other support, has chosen nine startups from across the continent. A number of African entrepreneurs have received funding from the Norwegian-based Katapult Accelerator, which has also spun out projects including Katapult Ocean and a program devoted to addressing climate change. The…

Snapplify

EdTech startup, Snapplify penetrates into West Africa

ByTechTrends

Leading international edtech startup Snapplify is making significant investments in West Africa as part of its commitment to expanding access to digital education. Hundreds of educational institutions in the area have already registered with the company since its 2012 establishment in South Africa. Wesley Lynch, CEO of Snapplify, stated that “schools and tertiary institutions are…