Triggering Exponential Climate Action

Triggering Exponential Climate Action Selects 7 African Startups to Receive $385k to Create Solutions for the Blue Economy

ByTechTrends

Triggering Exponential Climate Action (TECA), a company that launches climate resilience ventures, has chosen seven entrepreneurs to receive US$55,000 in funding each to develop their ideas for the blue economy in Africa. The TECA initiative was established to hasten the creation of climate-resilient solutions to safeguard and sustain the environment and vulnerable populations. It is…

Sophos Investigates Two Active Cyberfraud Operations
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Sophos Investigates Two Active Cyberfraud Operations

ByTechTrends

Sophos, a global leader in innovating and delivering cybersecurity as a service, today released details of two expansive, still operational, pig butchering or sha zhu pan rings (elaborate and lengthy financial fraud scams that can cost victims thousands of dollars) that scammers are operating from Asia. One of the rings, based in Hong Kong, involves a fake…

Infopercept Appoints Jitendra Bulani as CMO
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Infopercept Appoints Jitendra Bulani as CMO

ByTechTrends

Infopercept Consulting Pvt Ltd, a global cybersecurity solutions and services company, today announced the appointment of Jitendra Bulani as Chief Marketing Officer. Bulani brings 15 years of global marketing experience at cybersecurity companies. He will be responsible for driving awareness and demand for Infopercept’s offensive security, defensive security and security compliance solutions as well as…

Top 50 Digital Economy Enablers
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Nigeria Top 50 Digital Economy Enablers 2023 to be Unveiled this Tuesday in Lagos

ByTechTrends

The Nigeria’s Top 50 Digital Economy Enablers 2023 holds this week in Lagos February 14, 2023 at the prestigious Providence Hotel in Ikeja GRA, Lagos. “The Top 50 honours corporate entities and individuals, who embody the struggle, profound insights, stamina, infectious optimism and triumph in the extremely challenging but rewarding Nigeria’s digital economy sector. The…

Digital Pound

The Bank of England is Planning to Launch a Digital Pound

ByTechTrends

The “digital pound,” often known as “Bitcoin,” a central bank digital currency (CBDC) for the UK, will “likely” materialize. A consultation document from the Treasury and the Bank of England makes the case for the establishment of a state-backed digital pound, or CBDC. The number of persons who routinely use cash has significantly decreased since…

ChatGPT Rival, Bard
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Alphabet’s ChatGPT Rival, Bard Makes a $100 Mistake in its First Ad

ByTechTrends

After a presentation of its brand-new artificial intelligence chatbot, Bard, raised worries that the tech titan has fallen behind in the contest for the foreseeable future of internet search, Alphabet Inc. had its biggest one-day decline in more than three months. Since the unveiling of developer OpenAI’s enormously well-liked chatbot, ChatGPT, which many in the…

Umba

Umba, Nigerian Digital Bank Opens Office in Kenya

ByTechTrends

In order to grow across the continent, Umba, a digital bank for emerging countries that has only previously operated in Nigeria, has begun operations there. Umba is a digital bank created specifically for Africa with the goal of expanding financial services to the continent’s sizable untapped market. The startup wants to make it simpler for…

engineers laying internet cable

2Africa, World’s Largest Internet Cable Lands in Mzansi

ByTechTrends

The largest fiber optic cable in the world, 2Africa, has arrived in Amanzimtoti, south of Durban. The 45,000 km cable, which is still under construction, will follow the seafloors of the Mediterranean, Red, and Indian seas, as well as the Atlantic and Indian oceans. The historic initiative, which will go into effect in May 2022,…

ThinkYoung Coding

ThinkYoung Collaborates With Boeing to run Coding Schools in Kenya, Rwanda, and Ethiopia

ByTechTrends

In spring 2023, the ThinkYoung Coding School, which operates coding schools for teenagers and young people in Kenya in collaboration with Boeing, plans to expand to Rwanda and Ethiopia with the goal of empowering teens and young people throughout Africa. The interactive curriculum of ThinkYoung’s bootcamp program includes coding techniques applicable to the aviation sector,…

African Tech Startup

African Tech Startup Funding Crosses the $3bn Mark in 2022

ByTechTrends

In 2022, funding for the African digital startup ecosystem crossed the US$3 billion threshold for the first time, and the industry overcame challenges from the global economy to have a record-breaking year. This is supported by the eighth edition of the yearly African Tech Startups Funding Report, which was published by startup news and research…

AYuTe Africa Challenge

3 African Agri-tech Startups Emerge Winners of $1.5m AYuTe Africa Challenge

ByTechTrends

The AYuTe Africa Challenge has identified three African agri-tech firms as winners. These companies, ThriveAgric of Nigeria, DigicCow of Kenya, and Brastorne Enterprises of Botswana, will each get US$1.5 million in grant cash and access to professional advisors. The AYuTe Africa Challenge, run by Heifer International, supports agri-tech innovators on the continent and is a…

OpenAI ChatGPT

OpenAI Launches ChatGPT Plus, a Paid Subscription Plan, Starting at $20 per Month

ByTechTrends

The owner of ChatGPT OpenAI said on Wednesday that it is introducing a $20  per month test subscription plan for its well-known AI-powered chatbot, named ChatGPT Plus. Subscribers will have priority access to new features and enhancements, access to ChatGPT during peak hours, and quicker responses. The business announced ChatGPT Plus, which will initially be…

GrindstoneX

10 South African Startups Join GrindstoneX, Naspers Labs Female-led Accelerator

ByTechTrends

The three-year GrindstoneX accelerator program, which seeks to empower female entrepreneurs while generating jobs, has chosen ten South African firms. Disrupt Africa announced in October that Grindstone Accelerator, based in South Africa, has teamed up with Naspers Labs to introduce GrindstoneX, a new all-female accelerator programme aimed at enhancing the investability, scalability, and exit-readiness of…

Afrigo

Afrigo: How the New Domestic Card by the CBN will drive SME growth

ByTechTrends

The Central Bank of Nigeria (CBN), in conjunction with the Nigeria Inter-Bank Settlement System Plc (NIBSS), recently introduced the card scheme known as AFRIGO. In order to enable cardholders to use their payment cards to make purchases and access cash at businesses around the world, payment networks and financial institutions form a system known as a card scheme. The…

ARM Labs Lagos Techstars

12 Startups Qualifies for the $120k ARM Labs Lagos Techstars Accelerator Programme

ByTechTrends

The inaugural ARM Labs Lagos Techstars accelerator, which offers access to up to US$120,000 in equity capital and other sorts of support, has chosen twelve African digital startups. The first edition of the ARM Labs Lagos Techstars accelerator will last for three months. It was established by Techstars, a global investment company that offers early-stage…

Startups Accelerator Program

Apply for Google for Startups Accelerator Program for Women Tech Founders

ByTechTrends

The first-ever Google for Startups Accelerator: Women Founders Africa Program is now accepting applications. The program’s goal is to empower female entrepreneurs on the continent by giving them the tools and chances they need to scale their tech businesses and solve problems in Africa. Beginning in March 2023, the 12-week program will comprise one boot…

Alpha Beta Education Centre

The Alpha Beta Education Centre Launches $350,000 Stem Project in Ghana

ByTechTrends

An initiative to provide free structured programs and trainings for students and teachers has been launched by the Alpha Beta Education Centre (ABEC) in Accra as part of a $350,000 STEM project. The two-year initiative, according to Dr. Naomi Adjepong, head of ABEC, would also give the school the chance to expand its current facilities,…

OPEN Female founders

OPEN is Inviting Female African Founders in the Energy Sector to Apply for up to US$100,000 Funding

ByTechTrends

The OPEN fund will consider applications from female founders in the African energy sector for funding of up to $100,000. OPEN is a project of the CSI Energy Group, a diverse network of firms focused on Africa that offers sustainable solutions to the energy sector across the continent. OPEN is looking for women-led energy enterprises…

African Guarantee Fund

African Guarantee Fund join force with a crowdfunding platform in Frankfurt to make financing accessible to sustainable SME Projects in Africa

ByTechTrends

To improve funding of sustainable SME projects in Africa, the African Guarantee Fund (AGF), a market-friendly guarantee program that aims to make financing for small businesses easier in Africa, has teamed with bettervest, a crowdfunding platform based in Frankfurt. The AGF, developed and supported by the AfDB in collaboration with the governments of Spain and…

AFD Digital Challenge

Apply for the 6th Edition of AFD Digital Challenge

ByTechTrends

The sixth AFD Digital Challenge, which is focused on the cultural and creative industries, is now accepting applications. The Agence Française de Développement (AFD) is committed to assisting high-impact tech entrepreneurs in Africa for the sixth year running. All Cultural and Creative Industries (CCI) startups and associations that use digital technology at the core of…

central bank card

Central Bank of Nigeria Launches AfriGo to Replace VISA and Mastercard

ByTechTrends

Nigeria’s central bank today carried out its plan to introduce the AfriGo national domestic card program. The program, which was first unveiled at a Bankers’ Committee news conference in October 2022, involves the central bank in the market’s triopoly of card payment programs for Nigeria. Godwin Emefiele, the governor of the Central Bank of Nigeria,…

loan, business

Is Loan Financing the best for Startups?

ByTechTrends

In setting up a business, various forms of resources are necessary to make the idea a successful one. Businesses require money, time, and human capital for growth. Unlike an established business with traction, startups are like the way they sound – starting from the scratch. This business process requires financing from different sources; both internal and…

Google Translate

Google Translate Offline Support now Embrace 9 new African Languages

ByTechTrends

Google recently announced the addition of 33 new languages, including nine African languages, to the Google Translate app for iOS and Android. This brings Google’s total number of African languages supported to 12. Since 2018, when Google Translate offline translation tool was launched, Arabic, Swahili, and Afrikaans have been supported. Nigerian dialects The newly added…

Binance Charity

Binance Partners With Women in Tech to Roll out Free Web3 Training to Rural South African Women

ByTechTrends

Binance Charity, Binance’s philanthropic arm, has announced a collaboration with Women in Tech to provide Web3 vocational training to 2 800 women in rural communities in South Africa and Brazil, thereby creating future entrepreneurs and job opportunities. Web3 focuses on blockchain education and understanding of key cryptocurrency concepts. Training focuses on a wide range of…

Digital Expert Academy

Digital Expert Academy Launches in Lagos, Nigeria to Equip Youths

ByTechTrends

The official opening of the Digital Expert Academy in Lagos was attended by US Consul General Will Stevens, representatives from leading American technology companies, and Nigerian technology and business leaders. The Digital Expert Academy, founded by 21st Century Technologies, aims to train and upskill young Nigerians in artificial intelligence, digital infrastructure, machine learning, cloud services,…

Africa Startup Initiative

11 Startups Join Cohort 3 of the Africa Startup Initiative Program Accelerator

ByTechTrends

Startupbootcamp AfriTech, Africa’s leading tech accelerator, has chosen the participants of the Africa Startup Initiative Program, in collaboration with founding partner and leading telecom giant, Telecel Group (ASIP). The ASIP Accelerator has been successful in assisting founders in fine-tuning their business models while also facilitating entry into new markets such as Senegal. This has been…

O-Farms Programme

10 Kenyan Agri-circularity Startups Qualifies for O-Farms Programme

ByTechTrends

Ten Kenyan agri-circularity startups have been chosen for the second edition of the O-Farms accelerator programme, which will award two peer-selected companies with up to EUR25,000 (US$24,000) in milestone-based grant funding. O-Farms, led by Bopinc and Village Capital and implemented by E4Impact Accelerator, was launched in 2021 as Africa’s first agri-circularity accelerator programme, with the…

Instagram Quiet Mode
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Instagram Launches Quiet Mode to Allow Users to Pause Notifications

ByTechTrends

Instagram has introduced a new feature called Quiet Mode, which is designed “to help people focus and encourage people to set boundaries with their friends and followers.” The feature, according to the company, aims to alleviate users’ anxiety about spending time away from the app by silencing incoming alerts, auto-replying to direct messages (DMs), and…

Economic Outlook

2023 Economic Outlook for Nigeria

ByTechTrends

In conjunction with the IMF/World Bank annual meetings, forecasts released at the July World Economic Outlook in July 2022, projected Nigeria inflation to fall to 17% and an increase in its Gross Domestic Product GDP, to 3.4% in 2022 and 3.2% in 2023. Reprojected in October World Economic Outlook, Nigeria’s GDP is projected to drop to 3.2% in 2023…

Peter Herweck, AVEVA CEO

AVEVA announces the completion of its acquisition by Schneider Electric

ByTechTrends

 AVEVA, a global leader in industrial software, today announced the completion of its acquisition by Schneider Electric, a leading global industrial company specializing in digital automation and energy management. Since its foundation, AVEVA has grown from a niche design software developer to a leading global industrial software company with a value of more than £10bn. Today, AVEVA’s…