Africa Data Centres, part of the Cassava Technologies group and one of the continent’s largest networks of interconnected, carrier- and cloud-neutral data center facilities, has taken a significant step forward in its widescale expansion into Africa by partnering with Nigeria’s primary internet exchange point: IXPN. “IXPN is without a doubt Nigeria’s leading internet exchange point,…
“5 Quarters,” a Cairo-based medical startup, has raised Seed funding from a Saudi angel investor to fuel its Saudi expansion plans and add new services for medical professionals. 5 Quarters, founded in 2016 by Mohamed Salah and Noha Emad, began as a medical and dental courses startup and has been in the medical education market…
Carbon Finance, one of the leading players in the nation’s Fintech industry, has kicked off celebrations to mark its 10th anniversary with a promise to transform the banking experience, making banking more accessible and flexible for consumers. Originally set up as a lending company, Carbon has established itself as one of the continent’s leading and…
Uber Kenya has petitioned Kenya’s Supreme Court to overturn new digital taxi-hailing regulations that limit commission fees to 18%, down from 25%. According to Uber, the cap would reduce the company’s earnings and prevent it from investing further in Kenya. The rule is expected to go into effect in the coming weeks. The regulations have…
Huawei Digital Power has launched a talent development program with the goal of upskilling 1,000 practitioners and tertiary students in the digital power space. The program is being launched in seven countries, including Kenya, Uganda, Tanzania, and Ethiopia, as the demand for technical staff in renewable energy continues to rise year after year. The program,…
Google will release new technology next month in time for holiday preorders. Mark October 6th on your calendars because Google will unveil new phones, devices, and even their first wristwatch at the Made By Google event in New York. Even if the event is only open to press members in person, you can still watch…
The Africa Money & DeFi Summit, an African fintech, decentralized finance, mobile money, and crypto event, has announced the final shortlist of exciting ventures that will pitch live on stage in West Africa to over 400 fintech and crypto leaders on September 27th and 28th in Accra. Pitch Live West Africa has received over 200…
Africa has the world’s third fastest-growing cryptocurrency market, with adoption increasing by more than 1,200% in the last two years. Countries such as Nigeria, Kenya, and South Africa are largely to blame for skyrocketing adoption rates as citizens seek to protect themselves from currency depreciation and build wealth. Despite African governments’ mixed feelings about cryptocurrencies,…
British International Investment (BII), formerly known as CDC Group, the UK government’s development finance institution (DFI), has announced a plan to invest US$100 million in Egyptian startups over the course of its current strategy period. BII announced its future plans for Egypt at a business reception launching its new name, and reaffirmed its commitment to…
PEG Africa, based in Ghana, is one of the largest providers of distributed energy in West Africa, and its acquisition by Bboxx solidifies the latter’s position as Africa’s leading super platform for essential products and services. PEG is a solar energy leader in West Africa, with operations in four countries, close to 100 service centers,…
Only 33% of persons worldwide are financially literate, indicating a poor level of financial literacy worldwide. The percentage of adults who are financially literate in African nations ranges between 26% (Nigeria) and 42%, according to Standard & Poor’s Global Financial Literacy Survey (South Africa). Comparing the percentage to that of Europe, where it is between…
In order to accelerate its expansion goals, the South African e-health firm BusyMed has secured more money. BusyMed is enhancing communities all throughout the country’s access to pharmacies. Established in 2018, BusyMed gives consumers access to hundreds of items provided by nearby small pharmacies, including prescription drugs, which may then be delivered in 60 minutes…
? What is Outsourcing in Business? ? Types of Outsourcing ? Areas of Workforce Outsourcing ? Is Workforce Outsourcing ideal? What is Outsourcing in Business? Since 1989, businesses have used the outsourcing of labor to reduce costs that would otherwise be incurred, regardless of the efficiency of the business outsourcing is transferring responsibilities that should have been handled by in-house workforce…
08.09.2022 – Sophos, a global leader in next-generation cybersecurity, today published a new sectoral survey report, The State of Ransomware in Retail 2022, which found that retail had the second highest rate of ransomware attacks last year of all sectors surveyed after the media, leisure, and entertainment industry. Globally, 77% of retail organizations surveyed were hit—a 75% increase…
According to a Google for Firms Black Founders Fund (BFF) for Africa announcement, 60 qualified black-founded startups from across Africa have been chosen for the second cohort. To enable them to expand their current work, the startups that join the program will receive a total of $4 million in investment and support. Every one of…
With a $30 million fully diluted valuation, the gaming DAO Metaverse Magna (MVM) from Nigeria raised $3.2 million in a seed sale token offering. MVM produces developer tools for Web3 gaming and distributes mobile games in developing African markets. The investors included Wemade, a South Korean video game producer, HashKey, Tess Ventures, LD Capital, Taureon,…
Nigeria and the Binance cryptocurrency exchange are working together to create a special economic zone that would be supported by the crypto industry. According to a recent CoinGecko survey, Nigeria was found to be the country with the highest level of crypto curiosity, which may have piqued Binance’s interest in the possibility of growing the…
For many Nigerians, the emergence of the COVID-19 pandemic has exposed the importance of the Internet and digital technologies as a critical part of daily living hence, the necessity to deliberate on the theme “Advancing Digital Transformation and Trust in Nigeria” as a community of Nigeria Internet Stakeholders. As digital transformation evolves, the focus from both the…
Today, the energy industry works against enormous technical challenges to maintain safe and profitable operations. Energy companies also face familiar cost, performance, and efficiency imperatives as well as unprecedented social, political, and regulatory demands for sustainability. All these factors combine to create a fairly volatile market. The possibilities of untapped data Can big data transform…
“The first reports about the breach of TikTok appeared a few days ago. On the Breach Forums message board, an unknown user posted what was claimed to be screenshots from database tables with TikTok breach. As the user claims, they have stolen 2 billion database records, which could potentially affect an enormous amount of TikTok users. Some…
A collection of local and regional investors, including EFG EV and Flat6Labs, 500 Global, and Hala Ventures, led a $550,000 pre-Seed round of funding for the Egypt-based enterprise e-commerce solutions startup el-dokan. Every retailer’s business strategy today includes e-commerce, and platforms and technology providers are vying to offer merchants the finest tools possible to help…
A South African startup called Thumela has created a counter-to-counter last-mile logistics system to make it easier, quicker, and more affordable for e-commerce companies and people to send and receive packages. Thumela, a May launch, delivers packages using vetted and trustworthy public taxi drivers who follow predetermined routes. The logistics start-up uses tuck stores in…
An Egypt-based vehicle service app called 3atlana has raised a six-figure seed round from Ghabbour Auto, one of the country’s top automakers, to improve their AI system. Sherif El Adham, Ahmed Hassan, and Amr Hesham established 3atlana in 2020 with the goal of facilitating crucial auto services that drivers may require, such as scheduling maintenance,…
Women in Tech and Binance Charity, the philanthropic arm of the world’s largest cryptocurrency exchange and blockchain infrastructure provider, Binance, respectively, today announced a landmark global partnership to educate 2,800 women from marginalized communities in Brazil and Africa about blockchain technology. The first courses will be held in Rio de Janeiro, Brazil, and Cape Town,…
Following the successful debut of the EdTech platform RiseBack.org, which provided students in the USA with access to affordable higher education, Indian American social entrepreneur Dr. Tausif Malik has now introduced a similar platform for African professionals and students. RiseBack is a pioneering EdTech platform that offers undergraduate and graduate degree programs. RiseBack has partnered…
Nigeria’s Anchor has acquired over US$1 million in pre-seed funding and announced the opening of its public beta. Anchor is a banking-as-a-service (BaaS) platform that enables the seamless development of financial products across Africa. Olamide Sobowale, Segun Adeyemi, and Gbekeloluwa Olufotebi founded Anchor, which offers APIs for offering accounts, money movement, savings, and card goods….
Notion Technology Limited (NTL), the representatives of American #1 Technology Company – Comway and Hsv Products in Nigeria, has opened a new office in Abuja. The multiple-award winning IT services company has commissioned a new office located at the Ground Floor, Ekiti House, Plot 1042, Kur Mohammed Street, Central Business District, Abuja, FCT. “Our vision is…
SMFEST (Social Media Fest) has announced that its second edition themed “CREATIVE DISRUPTION” will hold on 22nd October 2022 at the Landmark Event Centre Owerri, Imo State. SMFest is a global annual conference that seeks to bring together the best and brightest minds in the world of technology. It is a platform that teaches its audience to…
Octiv, a South African platform for managing gyms, has completed an eight-figure Series A fundraising round, which was headed by venture capital company Knife Capital. An executive from the cryptocurrency-powered banking network BVNK made an angel investment in this round, adding to the startup’s previous seed funding from South African angel investors. The investment will…
The ability to edit tweets is a feature that has been desired by users for a number of years, and Twitter is now introducing support for it. On Thursday, the business disclosed that it would gradually roll out the eagerly anticipated edit button to a small group of Twitter Blue subscribers. Users will be able…