According to people familiar with its strategy, Qualcomm is thinking of entering the server market with a new chip in an effort to lessen its dependency on smartphones, Bloomberg News reported on Thursday. The price of Qualcomm stock increased by almost 3% in afternoon trading. According to the article, the chipmaker is looking for clients…
For the eighth iteration of the global She Loves Tech competition, women-led and women-focused tech firms have been encouraged to submit applications. She Loves Tech is a global network that was established in 2015 with the goal of bridging the financial gap for female entrepreneurs. By 2030, the platform hopes to release over US$1 billion…
OXFORD, U.K. – Aug. 18, 2022 – Sophos, a global leader in next-generation cybersecurity, today announced in the Sophos X-Ops report, “Cookie stealing: the new perimeter bypass,” that active adversaries are increasingly exploiting stolen session cookies to bypass Multi-Factor Authentication (MFA) and gain access to corporate resources. In some cases, the cookie theft itself is a highly targeted attack,…
Google recently invested an unknown sum in Lori Systems, an African digital logistics startup. This is Google’s third such investment on the continent. SafeBoda and Carry1st are the two businesses that Google previously backed with funds from its $50 million Africa Investment Fund. The fund, which was established to “help the continent’s digital transformation” as…
An undisclosed sum was paid by Float, a Ghanaian fintech firm, to fully purchase Accounteer, a Nigerian cloud-based accounting business that offers bookkeeping, tax preparation, and financial counseling services all on one platform. Eight months after Float obtained its $17 million in equity and debt startup capital, this acquisition was finalized. The discussion that resulted…
To help women-owned African tech enterprises get from the idea stage to operational status, the Tech African Women (TAW) program, located in Ethiopia, has just begun. TAW is an initiative of the United Nations Economic Commission for Africa (ECA), in collaboration with Betacube, and is open to submissions from female-led idea stage firms in Tunisia,…
The second iteration of the Future of Work Africa accelerator program has been launched by Moody’s Corporation and Village Capital, and 45 startups that are developing for-profit, market-based solutions for employment and education that can better prepare young people in sub-Saharan Africa have been chosen. Selected businesses can access self-guided training, intensive virtual assistance, and…
The delisting of Israeli technology firm Telrad and the completion of Liquid Intelligent Technologies’ (Liquid) 100% acquisition of Telrad were both announced today. Telrad will now be a part of Liquid and Cassava Technologies, which is Liquid’s larger parent company. Early this year, Liquid and Telrad entered into an agreement for the sale of Telrad….
Leading fintechs, investors, crypto platforms, ventures, and stakeholders in digital finance will connect at the Africa Money & DeFi Summit – West Africa edition on September 27–28, 2022 in Accra, Ghana, as the emergence of decentralized finance (DeFi) grows across Africa and the rapid growth of fintech continues. The summit, organized by Africa Tech Summit,…
As Nigeria draws closer to the commercial launch of fifth-generation (5G) technology, ESET Nigeria has assured individuals, businesses and the government of the readiness to offer solutions to protect their Internet of Things (IoT) devices from cyber threats. Mr Olufemi Ake, the Managing Director of ESET West Africa (Anglophone), speaking to journalists at the Nigeria…
Pastel, a Nigerian startup, has raised $5.5 million in seed funding in order to expand its product offerings. The round was led by TLcom Capital. Global Founders Capital (GFC), Golden Palm Investments, DFS Labs, Ulu Ventures, Plug and Play Ventures, and Soma Capital are among the other investors. Abuzar Royesh, Olamide Oladeji, and Izunna Okonkwo…
Egypt’s startup BONBELL, the first mobile App in the Food-tech industry specialized in food ordering, and digital solutions for table and meal reservations, has raised $350,000 from a Canadian Angel investor to help further develop the App services and achieve a level of growth in terms of user count and daily orders. BONBELL launched its…
Hannes Wessels has been named as Binance’s Country Head for South Africa. Binance is one of the top global providers of blockchain and cryptocurrency infrastructure. The company claims that the new hire will advance its goals of expanding its business operations in the area. According to Finder, South Africa’s adoption rate for cryptocurrencies and the…
Victoria, Seychelles — KuCoin Labs, the investment and incubation arm of the KuCoin ecosystem, has officially announced its proceeding incubation programme with Univers Network, a metaverse infrastructure project designed to empower communities and revolutionize Web-3. As an independent metaverse project designing infrastructure tools to enable interoperability across virtual worlds, Univers Network has over 50+ developers…
For more than half a decade, Olayinka Oladele has been a prominent figure in the technological space playing a pivotal role in shaping the landscape of Micro Frontends, a transformative approach that has significantly shaped the methodologies employed in the design and development of web applications. This spotlight article aims to underscore Olayinka Oladele’s substantial…
In the course of my journey in software development and management, I have had the opportunity to manage large scale enterprise application using different cloud infrastructure technologies (Microsoft Azure cloud service, Amazon Web Services (AWS)). Amongst the many available, I had first-hand experience working with Microsoft Azure Service, which I will refer to as Azure for…
In order to provide its services for the BOSs of GrubTech’s clients, Geidea, an e-payments and finance platform, has inked an agreement with GrubTech, the UAE’s cloud kitchens and restaurant IT solutions supplier. The partnership will provide new benefits and added value for GrubTech’s customers in the Egyptian market, the company claims. In the presence…
The Chat for Impact Accelerator, which provides social change organizations with access to US$500,000 in financing and extra support to increase their impact on WhatsApp, is now accepting applications. Global social change-oriented businesses are asked to submit an application for the accelerator’s 2022 iteration, which will offer funding, mentoring, and support for the development of…
On Thursday, LinkedIn unveiled new capabilities that would make it simpler for creators to produce and share interesting visual content on the site. The Microsoft-owned social network’s most recent update now allows users to immediately add a clickable link to photographs and videos. Users of LinkedIn will now have access to new text post templates…
In order to expand operations and enter new markets, Kenya’s Elloe, a conversational e-commerce business, purchased rival Flo by Saada for an unknown fee. Owen Sakawa founded Elloe, a revolutionary conversational commerce platform driven by AI that enables SMEs to conduct online transactions on any messaging network. The company has acquired Flo by Saada, whose…
To help artists get the much-needed income from their work in the Metaverse, Swiss venture capital firm CV VC has invested an undisclosed amount in South African metaverse startup SodaWorld. The SodaWorld platform, Sodaworld.tv, is a portal modeled after Twitch and Netflix that enables artists to interact with online viewers. The Venice Biennale, an annual…
To bring Web3 to a wider audience, which is still in its infancy, good dApps and projects are required. Polygon firmly believes in giving developers the platform and resources they need to create the future. The invitation to that future is the BUIDL IT hackathon. Polygon BUIDL IT is a premier virtual web3 hackathon put…
In accordance with the National Payment System (NPS) Act, 2011, NPS Regulations 2014, Virtual Pay International Limited, a Pan-African, omni-channel payment service provider, has been authorized to perform payment gateway services as a Payment Service Provider (PSP). With the aid of this license, Virtual Pay is able to provide local and international merchants with its…
Samsung Nigeria announced the next generation of groundbreaking foldable smartphones: Galaxy Z Flip4 and Galaxy Z Fold4. Both devices feature customizable form factors, tailored experiences, and upgraded performance. Now in its fourth generation, Galaxy Z series continues to break from convention to deliver new, impactful interactions that enhance everyday life. “Samsung Galaxy foldables are built on…
Nigerian fintech firm TeamApt recently secured more than $50 million in funding to increase the range of loan products it offers. TechCrunch reports that TeamApt is not giving this round a “letter.” The company is still reportedly trying to raise a Series C in 2023, thus it might be considered a pre-Series C round. Novastar…
DataProphet, a South African startup that utilizes artificial intelligence (AI) to help manufacturers automate their processes, has finished raising its US$10 million Series A round to speed up its international expansion. When Frans Cronje and Daniel Schwartzkopff, two friends from the University of Cape Town, decided to use their expertise in artificial intelligence to launch…
Zeepay, a challenger mobile money provider that specializes in cross-border payments, has announced financing of USD 10 million. The medium-term debt offering, which is a part of its A.5 series, would aid Zeepay in its effort to grow its rapidly expanding remittance to wallet business. Symbiotics BV spearheaded the financing with USD 9 million, while…
One of the top six Higher Education players globally, according to a new analysis on the global tertiary e-textbook and multimedia industry, is edtech business Snapplify. The pandemic and, more broadly, the pressure on institutions to adopt digital tools and get ready for the Fourth Industrial Revolution have both contributed to Snapplify’s significant growth in…
Most offices operate their days from 9:00 AM to5:00 PM which only lasts during the daytime and because the cost of running a shift by servicing the office at night with an equal number of staff if need be might be cost-intensive, most organizations suffice to the normal routine of running an office by the…
Before expanding across the continent, the Ugandan firm Tripesa is focusing on finding the right product-market fit. Tripesa was once known as RoundBob, an online travel marketplace that had to shut down as a result of COVID-19, which paralyzed the travel and tourism sector. However, Tripesa, which is developing infrastructure and logistics to support businesses…