For the 2023 ASME Innovation Showcase, the American Society of Mechanical Engineers (ASME) is now seeking applications from social entrepreneurs who are specializing in hardware innovations. The esteemed global hardware accelerator is available to people and businesses bringing physical goods to market that will have a positive social and/or environmental effect and that enhance quality…
Today, Meta announced its “2022 Africa Year in Review,” which highlights some of the company’s activities and investments in Sub-Saharan Africa in the areas of innovation, support for SMBs and Creators, and community-building work. This shows Meta’s ongoing achievements and triumphs around the area and reinforces its ongoing investment in and commitment to Africa with…
In a crucial step toward its goal of democratizing access to money and networks for exceptional African founders and accelerating the growth of Africa’s digital economy, Kazana Fund has announced the opening of its angel syndicate. The angel syndicate of Kazana Fund, an early-stage investor that seeks to collaborate with “great African startups,” seeks to…
Nigeria’s economy has been in a slump in recent months, owing to inflation, interest rates, public debt, and current account deficits. Nigeria’s inflation rate increased to 21.09 percent in October 2022, up from 15.92 percent the previous year. The volatile currency exchange rate, however, also has an impact on Nigeria’s economic problems. The term “Foreign Exchange” or…
In addition to the present US and UK corridors, Nala, a Tanzanian fintech firm and agent of #Ripple, a partner Modulr, has entered the European market. This will allow remittances to Africa from 19 EU countries. The NALA fintech recently incorporated ApplePay and Google Pay into its portfolio to enable payments from the US and…
The Federal Government claims that Elon Musk’s satellite company, Space X, would launch Starlink Internet Service before 2023 to provide broadband service and better internet throughout Nigeria. The Federal Government and Space X have already partnered on the project. The Nigerian Communications Commission (NCC) granted Starlink an Internet Service Provider (ISP) license approximately seven months…
Sam Ojei’s presence at the London Stock Exchange was not just symbolic; it represented a bridge between continents. Amidst the hustle of financial transactions and market dynamics, Sam engaged in conversations that transcended traditional investment dialogues. The mission of Hux Ventures Fund, as articulated by Sam, stood out – to build Africa’s future through strategic…
Effective software quality assurance in the Nigerian Digital Economy will greatly impact the digital economy’s accelerated growth, says Professor Isa Ali Ibrahim (Pantami), Nigeria’s Minister of Communications and Digital Economy. He remarked in the lead address at the first-ever Software Testing Conference in Nigeria with the theme “Impact of Software Quality Assurance in the Nigerian…
105 blockchain developers from the first cohort of the Africa Blockchain Center’s Blockchain Programming training course have graduated, according to the Kenyan Web 3.0 firm, which serves as Africa’s center of excellence for blockchain development. Six African nations, including Kenya, Nigeria, Tanzania, Zambia, South Africa, and Benin, are represented among the 105 graduates. Among the…
Targeting small and large enterprises worldwide, Senegalese startup Kwely has released the minimum viable product (MVP) version of its B2B web store for “Made in Africa” products. Kwely was founded on the notion that “Made In Africa” products have a place on the global market and may assist increase African exports as well as the…
The youth of Kenya and students at higher education institutions are the target audience for Save the Children’s first digital innovation competition in Kenya. The innovation challenge gives young people between the ages of 18 and 35 the chance to develop original digital solutions for organizational level feedback mechanisms, scientific or indigenous technology to increase…
The majority of Twitter users who took part in Elon Musk’s poll to be fired as CEO of the microblogging network voted to have him fired. Musk, the wealthy founder of Tesla Inc., started a poll on Sunday to decide if he should continue serving as CEO. According to the poll’s results, which were finalized…
It took WhatsApp some time, but it added the feature to allow users to delete transmitted messages for everyone in 2017. WhatsApp offers the option to delete a message exclusively for you in addition to removing it for everyone. If you use WhatsApp frequently, you probably encountered a circumstance when you mistakenly selected the Delete…
In the coming 12 months, Visa plans to roll out specific Kenyan variants of its Visa Everywhere Initiative and She’s Next global financial innovation and women’s empowerment programs. In collaboration with financial institutions, Visa’s She’s Next program will be introduced in Kenya in 2023 with a focus on helping female entrepreneurs with their fundraising and…
Ogilvy Africa, a leading brand communications network, has established a strategic relationship with Savannah Labs, a blockchain startup headquartered in Kenya, to pioneer the development of Web 3.0 (web3) solutions for brands and marketers in Sub-Saharan Africa. Web3 is a plan for a more democratic version of the internet as it exists today. It will…
The growth trajectory of an average African child is usually linear. Take Zuga, an ambitious young man who grew up in the interiors of East Africa with an adventurous mind and a love for gaming. His closest encounter with mobile games would be listening attentively to country folk discuss medieval adventures and combat series while…
After Elon Musk entered a group chat with journalists who had been barred from the network, Twitter appears to have temporarily removed its Spaces group audio feature. The most recent controversy occurs after Twitter suspended a number of well-known journalists who had covered a previous report about the Elon Jet Twitter account, which was shut…
Microsoft Corp. (NASDAQ: MSFT) and Viasat (NASDAQ: VSAT) launched a new cooperation on Wednesday to help 10 million people gain access to the internet globally, including 5 million in Africa. Global communications giant Viasat is the first satellite partner to collaborate with Microsoft’s Airband Initiative. Together, the two organizations will deepen Airband’s work in the…
Grand Africa Initiative (GAIN) in collaboration with Africa Export-Import Bank (AFREXIMBANK) trained young African Entrepreneurs from across Africa. The program GAIN-AFREXIMBANK Masterclass on Entrepreneurship and Intra-Africa Trade is an empowerment program. This is part of the Africa Export-Import Bank’s effort to increase participation of African young entrepreneurs in cross border trade and expand trading activity…
Startups from Africa are encouraged to apply for the Making More Health Business Accelerator, a structured program for business growth aimed at social entrepreneurs with ground-breaking ideas in the healthcare industry. Since 2011, Boehringer Ingelheim, a family-owned global leader and research-driven pharmaceutical firm, and Ashoka, one of the world’s largest networks of social entrepreneurs, have…
The Africa Innovation Platform, a collection of mentorship, education, and training initiatives developed to assist the growth of Africa’s burgeoning technology ecosystem, was officially unveiled today by Qualcomm Incorporated. Through the platform, Qualcomm Technologies Inc. engineers and its cutting-edge capabilities suite for mobile platforms and technologies, including 4G, 5G, IoT, AI, and machine learning, will…
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…
JuicyScore, a global leader in antifraud and risk management technologies for online businesses, recently expanded its global footprint to Nigeria, appointing Lawrence Osayemi as Regional Director of Sales and Business Development. Lawrence is a professional risk and fraud management expert and sales guru with a track record of success in the financial and nonfinancial services…
MEST, the Meltwater Entrepreneurial School of Technology, has opened applications for the 2024 cohort of the MEST training programme, a 12-month initiative based in Accra that aims to provide young people from across Africa with commercial skills in technology and entrepreneurship. The Meltwater Entrepreneurial School of Technology (MEST) is a seed fund, incubator, and training…
Grand Africa Initiative (GAIN) on the 28th and 29th October, 2022 held the third edition of her annual youth summit tagged GAIN Youth Summit 2022. This pan-African summit had Prof Benedict O. Oramah, The President and Chairman, Board of Directors, African Export-Import Bank, Egypt as the keynote Speaker who was ably represented by The Afreximbank’s Regional…
Twitter CEO Elon Musk continues to want to take the micro out of microblogging, pledging to increase the platform’s character limit once more. The proposed increase this time is from 280 to 4000, which is more than 14 times the current cutoff. Over the weekend, Musk revealed his latest Twitter plans via his personal account….
The total amount of data created and consumed globally is projected to grow to more than 180 zettabytes by 2025, almost three times the 64 zettabytes of 2020. This makes data the cornerstone of any successful business in a digitally-transformed world. Several trends will help guide organisations on their path to becoming more data-driven. “Increasingly, data science…
E-hailing platforms have become significantly popular because of their convenience and reduced pressure to own a car in today’s tough economic times. As we head into the festive season, e-hailing apps will see an increased demand for rides as people shop and head to various holiday destinations. To ensure that people have a pleasant experience…
Small Foundation and Village Capital have chosen 20 African entrepreneur support organizations (ESOs) that work with rural-impacting businesses in Sub-Saharan Africa to participate in the Rural Impacting Entrepreneurship research project, which aims to identify gaps and solutions to deepen impact within the rural business ecosystem and develop a thriving support community. Small Foundation and Village…
Owoafara, a Nigerian fintech startup that provides digital banking to help the world’s unbanked population gain access to financial products and services, has received funding from gender lens investment firm ShEquity. Owoafara, founded by Tale Alimi, provides financial solutions such as payments, credits, savings, health insurance, and pensions on a single platform. Member businesses are…