South Africa is the first country in Africa that Google Wallet will serve after it underwent a recent rebranding from Google Pay. With the help of Google Wallet, users can send and receive money directly from their Android phones and smartwatches. It functions as a virtual wallet. With the most recent update, customers may now…
The global energy sector is experiencing a significant transition. Many energy and natural resource organisations are navigating a shift towards diverse renewable energy sources, setting out aggressive strategies for net zero and forging new paths to recruiting and protecting their workforce. This has resulted in Energy 4.0 emerging as the most direct route to achieving…
35 female business owners from nine different African nations made up the first cohort that successfully completed the Ecobank Ellevate Leadership Training Program. This program, which is impact-driven and innovative, is made to provide women entrepreneurs with the leadership skills they need to better themselves, their companies, and their communities. The Commercial Banking Division of…
For the second round of the e-Track Programme, a three-phase venture acceleration program conducted by the UCT GSB Solution Space in collaboration with ayoba, fifteen startups from across the continent have been chosen. The most recent e-Track Program kicked off five weeks ago with the first phase, Venture Launch. It is managed by UCT GSB…
EKO INNOVATION CENTRE, EKO CARBON, AND COMMODITY, IN CONJUNCTION WITH GENERATION UNLIMITED 9JA TO ROUND OFF EKOCLIMATHON 1.0 HACKATHON WITH A CLOSING CEREMONY ON 26TH AUGUST, 2O22 Shortlisted 10 Teams will be pitching their ideas to 5 Final Jurors for a chance to win prize money, equity investment from Partner VC firms, and acceleration from…
Analytics leader SAS has joined forces with SingleStore to help organisations remove barriers to data access, maximise performance and scalability, and uncover key data-driven insights. SAS® Viya® with SingleStore enables the use of SAS analytics and AI technology on data stored in SingleStore’s cloud-native real-time database. The integration provides flexible, open access to curated data to help…
Today, the $300 million strategic investment made by the United States International Development Finance Corporation was drawn for by the pan-African data center company Africa Data Centres (ADC) of Cassava Technology (DFC). According to the corporation, the initial $83 million would be used to expand ADC’s data centers in South Africa. According to ADC, subsequent…
An electric bus made by the Kenyan business Roam is aimed at the public transportation system. 90 passengers can board the electric bus, known as Rome Rapid, which provides space for both standing and sitting passengers. The company claims that it wanted to provide a transportation solution that is inclusive, contemporary, effective, and sustainable. According…
Netflix, a supplier of streaming entertainment, has announced the expansion of its Netflix Creative Equity Scholarship Fund (CESF) to students studying cinema and television in West and Central Africa. Students can now submit applications to study at institutions in Nigeria, Ghana, Benin, and Gabon. A $1 million scholarship fund for students from Sub-Saharan Africa is…
Young innovators in the Middle East and North Africa (MENA) who are developing climate technology solutions have been invited by the Youth Climate Innovation Labs to participate in a three-day launchpad. The top projects will receive a 6–8 week Climate Innovation Academy Programme to help them develop their businesses. The Youth Climate Innovation Lab is…
The role of a product manager has always been challenging and exciting. A product manager is responsible for managing the entire product lifecycle, from conception to launch, and ensuring that the product satisfies customer and business needs. With the advent of artificial intelligence (AI), however, the role of a product manager is undergoing a substantial transformation. With the advent of AI, we will examine the future of product management careers in this op-ed. AI in Product Management Multiple facets of product management already incorporate AI. AI can be used, for…
In Africa’s health system, the dominant narrative is a “weak healthcare system”, and it has always been questioned whether the continent can rise from this. The continent’s health systems suffer from serious irregularities, with disruptions in medical equipment, supply chains, storage, and financing, making it hard for Africans to access responsible and responsive health care…
SAS was recently named as a Leader in the IDC MarketScape: Worldwide Responsible Artificial Intelligence for Integrated Financial Crime Management Platforms 2022 Vendor Assessment (doc #US47457622, July 2022). The report offers IDC MarketScape’s first-ever comparative analysis of the banking industry’s top financial crime management solutions powered by AI. It includes SAS and eight other vendors – all offering standalone AI…
Today, the $5 million financing round for the city’s fintech stock exchange, the Cape Town Stock Exchange (CTSE), was closed. The business also disclosed that Mark Fitzjohn, Bruce Ndidi, and Stephan Van Der Walt (all from Empowerment Capital) have joined the board (Pallidus Alternative Investments). Lebashe Investment Group, Pallidus Alternative Investments, Shaolin Investments Limited, and…
Britain announced plans for new legislation and GBP 100 million in funding on Friday, stating that it intended a wide-scale introduction of autonomous vehicles on highways by 2025. The government claimed it intended to capitalize on the growing market for driverless vehicles, which it projected could generate 38,000 new employment and valued at GBP 42…
Since its inception in 2019, the concept of Zero Trust has become a guiding principle for many cybersecurity practitioners. In an Executive Order on 12 May 2021, the United States government specifically called on federal agencies and their suppliers “to modernise [their] approach to cybersecurity” by accelerating the move to secure cloud services and implementing…
No doubts, inflation is a barrier to the much a country can do in terms of value and wealth creation as it affects every aspect of its productivity. Tragically, this is currently the state of Nigeria where the purchasing power of the Naira declines day by day. This decline is not without effect on daily living –…
In order to develop its pay-as-you-go cold storage service for off-grid users in Kenya, Koolboks, a Nigerian cold storage firm, concluded a $2.5M Seed funding round. This brings the company’s total investment to date to $3.5M. Koolboks will use the funds to scale its operations across Nigeria, including developing its workforce to support its expanding…
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…