As it develops operations in the area, Nigerian financial company Grey has chosen Kenya as its East African center. Idorenyin Obong and Femi Aghedo founded Grey in 2021 with the goal of making it simple for Nigerians to access their foreign currency holdings and convert it to local currency. Grey provides an international money transfer…
Baidu is certain that its AI-driven chatbot won’t make mistakes on “important and sensitive topics” because of its experience in adapting its search engine to Chinese regulatory constraints, the firm said on Tuesday. The ChatGPT-like Ernie bot, which Reuters testing has shown refuses to answer a wide range of inquiries on politics, particularly those referring…
The largest network of technology and innovation hubs in Africa, AfriLabs, has announced the addition of 19 new members to its network, including hubs in the cities of Sousse in Tunisia and Baidoa in Somalia. AfriLabs is a network organization dedicated to fostering innovation and entrepreneurship on the continent by uniting tech hubs, companies, investors,…
Lexar, a leading global brand in memory and storage solutions, will be showcasing its next-generation product portfolio at GITEX Africa 2023, one of the most important events in the African technology industry. The event will be held from May 31st to June 2nd, 2023 in Marrakech, and Lexar will be exhibiting at their stand on…
In order to stop the spread of false information, especially now that photorealistic fakes are so easy to make thanks to artificial intelligence capabilities, Google is introducing two new features to its picture search. The first new feature from the Alphabet business is called “About this image,” and it provides more information by indicating when…
Friday, Elon Musk announced the new Twitter CEO’s name on Twitter. His tweets stated that Linda Yaccarino from NBCUniversal has been chosen to succeed Musk as the CEO of the social media company. Musk described her responsibilities at Twitter, saying that she will oversee commercial operations while aiming to turn the social media site into…
The 2023 Justice Entrepreneurship School (JES), an incubation program created to support late-stage ideation or incubation-stage startups with solutions to Nigeria’s urgent justice issues, has opened its application process. HiiL, The Hague Institute for Innovation of Law, is a leading organization in the justice innovation space. The program’s goal is to empower business owners by…
The deadline for submissions to the Jack Ma Foundation and Alibaba Philanthropy-sponsored Africa’s Business Heroes (ABH) Prize Competition has been extended to May 17, 2023. Due to the considerable degree of interest from business owners across the continent, this addition has been made. ABH seeks to find, support, and inspire the next generation of African…
The African Women Impact Fund Initiative (AWIF), a partnership between Standard Bank and the United Nations Economic Commission for Africa (UNECA), has chosen three women fund managers from Nigeria, Kenya, and South Africa to receive Visa’s award financing. The chosen winners are SME.NG (Nigeria), Altree money (Kenya), and Maia Capital (South Africa). They will use…
Mon Artisan, based in the Ivory Coast, is a skill-on-demand digital platform for gig workers and artisans in the unorganized sector. It provides a variety of services, such as plumbing, home maintenance, and repairs, IT help, and other services. Mon Artisan, which is also available in Burkina Faso, enables clients to swiftly and easily schedule…
The African Food Fellowship, which is creating a radical movement of African leaders fighting to improve food systems all over the continent, is now accepting applications. With funding from the IKEA Foundation, the fellowship was established by eminent organizations Wageningen University and Research and Wasafiri Consulting. It provides food system actors with access to world-class…
In today’s technological landscape, building products that align with users requires beyond basic understanding of design. As a seasoned Product manager with over 5 years of experience, I stand at the forefront of a paradigm shift in Product Management, where strategies and principles of Neuroscience and Cognitive Science are utilised to scale user-centric products. I…
Aiming to combat deforestation, land degradation, water scarcity, loss of biodiversity, and unfavorable climate change, the Innovation for Ecosystem Restoration Africa 2023 program is managed by Village Capital and supported by Moody’s Corporation. Despite having some of the most biologically diverse ecosystems in the world, Sub-Saharan Africa still struggles with significant environmental issues related to…
The National Blockchain Policy was approved by the Federal Government of Nigeria on Wednesday in Abuja. This was revealed following this week’s Federal Executive Council meeting, which was presided over by President Major General Muhammadu Buhari (retd.) at the State House in Abuja. The Minister of Communications and Digital Economy is Prof. Isa Pantami. The…
The renowned African Unicorn Award for Greentech & Energy has been given to the pan-African Energy-as-a-Service company Solarise Africa. The honor acknowledges Solarise Africa’s commitment to the expansion and advancement of green energy technologies in Africa. The African Unicorn Awards honor outstanding businesses that are on track to be valued at $1 billion or more…
In the “iHack4SDG Challenge 2023,” ICAN-BOI, the Institute of Chartered Accountants of Nigeria, and the Bank of Industry will bring together a new generation of creative thinkers from the tech sector to address some of the most pressing Sustainable Development Goals (SDGs). Applications are now being accepted for the iHack4SDG Challenge, which will be physically…
Kenyan taxi service for women An Nisa has 10,000 customers in its native market and is considering an expansion into Saudi Arabia. An Nisa Taxi was established by Mehnaz Sarwar in 2018 and became an app last year. It currently has over 10,000 members. “We cater to ladies and children, and we have a team…
According to CEO Arvind Krishna, International Business Machines (IBM) anticipates pausing employment hiring as approximately 7,800 positions may be eliminated by artificial intelligence (AI) in the upcoming years. According to Krishna, hiring in back-office areas like human resources will stop or slow down. He also predicted that in five years, automation and AI might replace…
Peter Oluka (@peterolukai), the Editor of TechEconomy has joined the Nigeria Internet Registration Association (NiRA) Executive Board of Directors (EBoD). Peter, a multi-award winner practicing ICT Journalist was elected at the 15th Annual General Meeting (AGM) cum election held in Lagos on Friday at The Zone, Lagos where Mr. Adesola Akinsanya and Mr. Murtala Abdullahi emerged the new President and…
Recently, Samsung included a skin temperature-based sensor to the Galaxy Watch 5 series’ menstrual health tracker for women. According to reports, the tech giant is currently working on incorporating more skin-temperature-based health-tracking capabilities. However, there are currently no additional details available regarding the update. The menstrual cycle monitoring function, meanwhile, is already available in 32…
Elon Musk outlined on Saturday an idea for his Twitter platform that would let media producers charge users with a simple click for each item. The billionaire businessman explained on Twitter that this allows readers who wouldn’t sign up for a monthly membership to pay a higher per-article price when they want to read an…
South African Rand (ZAR) deposits and withdrawals are now possible for users of Roqqu, a Nigerian cryptocurrency exchange platform, in that country thanks to regulatory permission. The goal of Roqqu’s action is to broaden the use and accessibility of cryptocurrencies worldwide and to help usher in a new era of borderless cryptocurrency exchanges. Israel Ololade,…
A $1.5 million project to harmonize digital trade and e-commerce regulations across 10 African nations has been launched in collaboration with the African Development Fund and Smart Africa Alliance. A day before the 2023 Transform Africa Summit, which will take place in Victoria Falls, Zimbabwe, from April 26 to 28, the agreement was signed on…
Leading innovators are needed to join the second cohort of Investing in Innovation Africa (i3), a pan-African program for entrepreneurs creating the future of healthcare supply chains. The i3 initiative, supported by the Bill & Melinda Gates Foundation and AmerisourceBergen, Merck Sharp & Dohme (MSD), Microsoft, and Chemonics, is assisting 60 promising early-stage and growth-stage…
The US$100,000 Africa Food Prize, which honors a remarkable person or organization that is spearheading the struggle to alter the reality of farming in Africa, is now accepting applications. The Africa Food Prize highlights daring ideas and technical discoveries that can be reproduced across the continent to create new levels of food security and economic…
Alphabet, the parent company of Google, reported a net profit of $15 billion in the first quarter of 2023, exceeding market estimates, indicating that the search engine powerhouse is finding its footing. The IT titan has been put under pressure as a result of a general downturn in advertising spending, over-hiring during a Covid-era boom,…
Startups from Africa are encouraged to apply for the Stanford Seed Transformation Programme, which aims to assist already established companies in expanding. Exclusively for founders and CEOs of businesses with annual turnover of between US$300,000 and US$15,000,000, the Seed Transformation Programme is an innovative, in-person and online learning experience. Businesses throughout Africa and South Asia…
Elon Musk’s SpaceX’s Starship rocket — which could one day carry humans to the moon and Mars — made it some four minutes and 24 miles into the sky before it exploded during its inaugural test flight last Thursday. And yet, even as they watched the world’s largest rocket burst into a fireball, SpaceX engineers…
An apprenticeship program has been launched in Rwanda by Andela, a global network for remote technical talent, with the goal of connecting international businesses with the enormous potential of rising Rwandese digital talent. Companies have the opportunity to expand their teams with graduate apprentices from the Andela Technical Leadership curriculum (ATLP) during the 12-week curriculum….
Vittas is a digital lender founded in Nigeria that uses partnerships and machine learning to make loans. Sulav Singh and Collins Uche founded Vittas in July 2019, and the company’s first loan was disbursed in January 2020. Vittas created an inventory finance solution for Nigerian healthcare providers that enables them to buy drugs and medical…