OpenAI Global Illumination

Startup Global Illumination has been acquired by Microsoft-Backed OpenAI to work on ChatGPT and other core products.

ByTechTrends

The famous artificial intelligence startup OpenAI announced on Wednesday that it has acquired Global Illumination, a maker of digital products. The deal’s financial specifics were kept confidential. Global Illumination’s whole staff has joined OpenAI to work on the company’s flagship technologies, which include ChatGPT, according to OpenAI. Thomas Dimson, Taylor Gordon, and Joey Flynn, all…

Grinta

Cairo-based Pharma Startup Grinta Acquires Auto-Cure

ByTechTrends

To increase its presence in the nation, Cairo-based startup Grinta, a fintech-enabled B2B digital platform that is digitizing the pharmaceutical supply chain, has acquired Alexandria’s online pharmacy Auto-Cure. Grinta, a controlled marketplace founded in 2021 by Mohamed Azab, Yosra Badr, Ali Youssef, and Hamza Mohamed, modernizes the pharmaceutical supply chain by empowering independent pharmacies. The…

BasiGo
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Kenyan electricity bus manufacturer BasiGo expands to Rwanda

ByTechTrends

BasiGo, a Kenyan electric bus maker, plans to enter the Rwandan market in the fourth quarter of this year. The startup has announced plans to deliver its first unit to Rwandan public transportation providers. Jit Bhattacharya, Chief Executive Officer and Co-Founder of BasiGo, stated that the agreement will see the buses distributed to public transportation…

AfriLabs

AfriLabs collaborates with the US Department of State to address the climate challenge through entrepreneurship.

ByTechTrends

AfriLabs, an African hub network, has collaborated with the US Department of State’s Office of Global Partnerships (E/GP) to address the climate issue and foster entrepreneurship in Africa. AfriLabs, founded in 2011, empowers and fosters innovation hubs across Africa through its community-focused model, whereas the US Department of State is the United States government’s premier…

Development Bank of Nigeria

Development Bank of Nigeria Secures N23bn to Fund Small-scale Businesses

ByTechTrends

In the first phase of its N100 billion bond issue program aimed at assisting micro, small, and medium-sized enterprises (MSME), the Development Bank of Nigeria generated N23 billion. The 2028 due date instrument has a 14.4% interest rate. The bank said that it would be useful in closing the MSME sector’s significant funding gap, which…

Astravest
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Nigeria’s Astravest assists retail clients in increasing their wealth by diversifying their investments.

ByTechTrends

Astravest, a Nigerian business, is an investment platform that enables retail users to diversify their investments in dependable assets like commodities, fixed income, and real estate in order to increase their wealth. Astravest, a company that helps Africans conserve, diversify, and develop their money, was founded in 2022 by serial entrepreneur Chibuike Goodnews, formerly of…

professional services
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Allianz ranks top emerging liability trends for professional services firms

ByTechTrends

AGCS’ professional indemnity report highlights 11 trends driving future insurance claims activity. Trends include evolving building safety laws, ‘hackers for hire’, inflation, and untrained use of generative AI tools. AGCS analysis shows that the legal and construction sectors are the industries most impacted by large professional indemnity claims. Architects and engineers face greater scrutiny over…

Paymob and Chefaa
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Egyptian startups Paymob and Chefaa collaborate to change pharmacies digitally

ByTechTrends

The digitalization of pharmaceutical payments in Egypt will be fueled by a partnership between the Egyptian entrepreneurs Paymob and Chefaa. Paymob was established in 2015, and our omnichannel gateway helps over 200,000 SME merchants to run and grow their businesses by providing access to more than 40 different payment options. The Chefaa healthcare benefits platform,…

Mobile Money Operators

Mobile Money Operators in Nigeria and the Customer Retention Nightmare

ByTechTrends

Mobile Money Operators (MMOs) in Nigeria are financial service providers who provide mobile-based financial services under the Central Bank of Nigeria’s (CBN) regulatory framework. MMOs use mobile money agents and aggregators to reach underbanked and unbanked populations in Nigeria, leveraging the widespread usage of mobile phones to provide convenient and accessible financial services to a…

The second GSMA climate resilience fund is now accepting applications.

ByTechTrends

Startups from Africa are encouraged to submit an application to the GSMA Innovation Fund for Climate Resilience and Adaptation 2.0, which aims to pilot and scale-up digital technology innovations that have a positive socioeconomic and environmental impact in regions with communities most vulnerable to current or future climate risks. The GSMA Innovation Fund for Climate…

small business

How to Use Large Business Practices to Help Small Businesses Succeed

ByTechTrends

It’s understandable for small business owners to believe that big business strategies don’t apply to them because of their scale. But nothing could be further from the truth than this. Every small business can prosper by employing big business practices, regardless of whether there are major ambitions for development or a desire to stay small….

Young African Leaders Initiative and Microsoft Africa Development Center

Microsoft Africa Development Center and Young African Leaders Initiative collaborate to advance young digital literacy

ByTechTrends

In order to work together to offer digital skills programs and solutions to young leaders in the region, the Microsoft Africa Development Centre (ADC) and the Young African Leaders Initiative Regional Leadership Centre East Africa (YALI) have signed a memorandum of agreement. The MoU states that the ADC will give YALI participants access to its…

Nexford University

Nexford University, the Federation of Kenya Employers, and the Africa Digital Media Institute have partnered to help with graduate recruiting in Kenya.

ByTechTrends

The Federation of Kenya Employers (“FKE”), the employers’ membership body in Kenya, and the Africa Digital Media Institute (“ADMI”), a training platform for Africa’s creatives, have partnered with Nexford University, the Washington, DC-based next-generation university platform offering affordable, US-accredited degrees worldwide, to address graduate recruitment challenges. Following Nexford’s entry into East Africa, the agreement will…

Treepz
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The largest car-sharing marketplace in Africa, Treepz, relaunches its consumer app.

ByTechTrends

Treepz, Africa’s biggest car-sharing platform that offers on-demand car rentals for flexible periods, has re-launched its consumer app as Africa’s largest car-sharing marketplace. The company claims to have spent the last five months developing this solution and is thrilled to introduce it in Nigeria, Ghana, Uganda, and Kenya. Treepz aims to lead the charge in…

Digital Transformation

The Importance of Data in Digital Transformation

ByTechTrends

In the rapidly evolving digital landscape, businesses across industries are striving to remain competitive, relevant, and innovative. At the core of this evolution lies a powerful driver—data. Digital transformation, which fundamentally changes how businesses operate and deliver value through technology, relies heavily on the ability to harness and leverage data effectively. The Foundation of Digital…

Power of Digital Marketing - George Ugbegua

The Power of Digital Marketing: Driving Customer Acquisition and Product Sales through Digital Campaigns

ByTechTrends

In today’s digital world, marketing has evolved and is still evolving. Traditional marketing channels, such as print ads, television commercials and radio jingles, have been complemented—and in many cases, surpassed with the introduction of digital marketing. These digital marketing strategies offer businesses an unprecedented ability to engage with customers, drive acquisition, and boost product sales…

IamtheCODE
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To eliminate the gender digital gap in Africa, UN Women and IamtheCODE collaborate.

ByTechTrends

IamtheCODE and the UN Women Regional Office for East and Southern Africa have joined forces to address the gender gap in digital technology in Africa. A two-day hackathon that just ended in Johannesburg, South Africa, had as its goal providing 102 high school girls from townships in the province of Gauteng with digital literacy skills…

DFS Lab

DFS Lab and Stellar launch a fund for revolutionary digital payments in Africa.

ByTechTrends

The DFS Lab Stellar Africa Fund I, which will support high-potential builders and teams in Africa looking to revolutionize the landscape of digital payments and beyond by building on the Stellar network, has been unveiled by DFS Lab. Early-stage investor DFS Lab invests in founders that are generating possibilities for everyone while concentrating on Africa’s…

Delta40

Factor[e] Ventures Announces African Venture Studio Delta40 to Fund African Startups

ByTechTrends

The venture-building company Factor[e] Ventures has opened a new venture studio for African entrepreneurs named Delta40. Factor[e] Ventures invests in early-stage companies in sub-Saharan Africa and Southeast Asia. The venture studio will have its headquarters in Kenya and operations in Nigeria. It wants to invest between $100,000 and $600,000 in businesses in the fields of…

OnePipe

TLG Capital Partners With OnePipe Nigeria to Unveil N2.25 Billion Credit Facility for Businesses

ByTechTrends

Today, TLG Capital, a pan-African alternative investment firm, declared that it has teamed up with OnePipe to offer finance services to Nigeria’s unorganized sector. OnePipe, a Nigerian financial infrastructure company, used the company’s technological platforms to enable traditional businesses to integrate financial services into their operations. The company offered up to 2.25 billion Naira in…

Liquid Intelligent

Liquid Intelligent Technologies Partners With Microsoft to Bring the Internet to 20 Million People in Africa

ByTechTrends

Microsoft has unveiled a variety of fresh initiatives with the goal of boosting digital development, skill development, and infrastructure in the world’s Least Developed Countries (LDCs). By 2025, the IT behemoth will work with Liquid Intelligent Technologies to provide internet access to 20 million more people in Africa. Through this collaboration, Microsoft’s Airband Initiative, which…

MSI Partners

MSI Partners With Egyptian Fintech, Fawry to Support Businesses and Startups

ByTechTrends

MSI, a global leader in gaming, content creation, business & productivity, and AIoT solutions with operations in over 120 countries, has partnered with Egypt’s fintech ‘Fawry’ to help businesses and consumers make payments. In collaboration with ABC Shop, ‘MSI’ aims to provide exclusively discounted business laptops for SMEs and startups with facilitated installment plans via…

Bolt

Bolt Announces Plan to Invest €500 Million in Africa

ByTechTrends

The most popular mobile app in Africa, Bolt, has declared plans to spend €500 million there over the next two years. More than 300,000 additional drivers and couriers will have the opportunity to join the platform in 2023 thanks to the expansion of Bolt services throughout Africa. Bolt, which debuted in South Africa in 2016,…

Mastercard
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Mastercard Partners With Network International to Introduce new Artificial Intelligence Fraud Prevention Solution

ByTechTrends

In order to lower costs and risk for acquirers, Mastercard has teamed with Network International to address fraud, declines, and chargebacks. Through the collaboration, Network will make available to acquirers and companies in the area Mastercard’s Brighterion Artificial Intelligence (AI) technology for transaction fraud screening and merchant monitoring. Losses from credit card theft are anticipated…

Bingtellar
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Nigerian Blockchain Payments Startup, Bingtellar Announces Crypto-to-fiat Conversion Service

ByTechTrends

Nigerian blockchain payments firm Bingtellar has announced the availability of its quick crypto-to-fiat conversion service, allowing individuals and organizations to buy, sell, and receive payments in local money with ease. Bingtellar, founded in 2021, enables real-time conversion of cryptocurrency to fiat and offers users rapid liquidity in their home currency. With a typical transaction time…

Cellulant

Cellulant Partners WIth Money Q to Facilitate Cross-Border Payments Across Africa

ByTechTrends

With the help of a partnership with a financial solutions provider based in Dubai, Cellulant, Africa’s leading provider of payment solutions, has made it possible for expats to conveniently recharge airtime for their dependents across Africa. Through KrosPayz, Money Q’s pan-African digital payments platform that enables online payment for purchases and value-added services at the…

Visa
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Visa Vows to Invest $1 Billion Towards Africa Digital Transformation

ByTechTrends

Visa, a global payments company, has pledged to invest $1 billion in Africa over the next five years. The announcement was made at the ongoing US-Africa Business Forum in Washington, DC, alongside the US-Africa Leaders’ Summit. Visa has ten African offices from which it accepts payments in all 54 countries. The financial services provider says…

Seven African stock markets begin a process of integration
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Seven African stock markets begin a process of integration

ByTechTrends

In order to promote cross-border trading of securities throughout the continent, seven African stock exchanges on Wednesday started an integration experiment in the Ivory Coast. Nigeria, Mauritius, Morocco, South Africa, Kenya, Egypt, and West Africa’s stock markets are all a part of the effort, which is known as the African Exchanges Linkage project. Later on,…

Social Media Advertising

How SMEs Can Take Advantage of Social Media Advertising for Scalability

ByTechTrends

For every company out there, there is an in depth goal to increase her market share in both the local and global market space. The profit margin of a company is largely dependent on the audience at her disposal. Before now, companies have used various forms of advertising to promote their product inorder to reach…

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…