Africa’s FinTech sector is growing fast, improving the continent’s financial landscape. The number of FinTech companies increased from 450 in 2020 to 1,263 by early 2024. This big jump shows how important the FinTech sector is in bringing new and better ways to manage money across the continent. Experts believe the sector could make $65…
Google has updated Gemini, its chatbot driven by artificial intelligence (AI), with a new feature. With the new capability, users may modify specific text segments and have fine-grained control over the generated response to a question. Users have the option to remove the selected piece completely, change its length, or renew it. The feature has…
GDM Group, a leading marketing and media technology company, and Eko Innovation Centre, a renowned startup accelerator, proudly announce the launch of MarkHack 3.0, themed “BEYOND LIMITS – Unleashing Creativity with Emerging Tech”. This exciting initiative invites innovators, entrepreneurs, and marketing professionals to collaborate and develop groundbreaking solutions for real-time challenges in the marketing and…
Running a small and medium business is not always an easy ride, especially in an unpredictable business environment. These businesses always seek ways to stay afloat and the only way to do this is to implement strategies that can increase productivity and efficiency. Most Small and medium Enterprises (SMEs) are a one-man type of business…
A Rwandan business called Viebeg provides medical products and equipment via a data-driven, AI-powered B2B platform that optimizes and reduces risk in the purchase of medical supplies and equipment. Viebeg, an online platform called “VieProcure,” was founded in 2018 and provides hospitals, clinics, pharmacies, and other healthcare institutions with a free, data-driven procurement solution. The…
Seeking female entrepreneurs spearheading cutting-edge health firms around the continent, Villgro Africa is a healthcare-focused investor and incubator seeking to provide venture capital to assist these businesses grow. With the establishment of Villgro Kenya in 2017, the India-based Villgro Innovations Foundation broadened its reach into Africa. Villgro Kenya is an impact investor and early-stage company…
Effective cybersecurity must align to organisation’s needs and take its lead from its requirements. Security must enable, not define. Thus, understanding your organisation’s operational environment and what optimum performance looks like must come first. In banking and financial services, where trust and data security are fundamental, cybersecurity requirements are even more complex. This reinforces the…
… Throws Weight behind Governor Peter Mbah’s Youth Empowerment Goals A serial entrepreneur, Kingsley Adonu, the founder/ chairman of S Mobile Group, has disclosed plans to commission an innovation centre in Enugu State, codenamed S Mobile Tech Hub. The Tech Hub, he said, is a corporate social responsibility (CSR) initiative of S Mobile Group to…
Agriculture remains a cornerstone of the African economy, employing a large portion of the continent’s population and contributing significantly to its GDP. However, the sector faces numerous challenges, including climate change, limited access to capital, outdated farming techniques, and post-harvest losses. Advancements in Agricultural Technology (AgriTech) offer transformative solutions, enhancing productivity, sustainability, and food security….
The Africa’s Business Heroes (ABH) Prize Competition has begun its sixth annual Africa’s Entrepreneurial Competition, which aims to identify ten extraordinary entrepreneurs who are working to make a good difference in their communities. As ABH approaches its sixth year, it invites entrepreneurs from around Africa to pitch on the continent’s largest entrepreneurial platform. ABH encourages…
The tug-of-war between familiarity and novelty is a constant force in consumer behavior. On one hand, we crave the comfort of the known, the reliable brand or the trusted product. On the other, we’re drawn to the thrill of the new, the innovative experience, the “shiny new toy.” Understanding this dynamic is key for businesses…
In an increasingly interconnected world, the way we exchange value – whether through cash, cards, or digital wallets – shapes not just economies but societies. It is worth emphasising that with innovation in science and technology, digital markets and e-commerce have witnessed a global shift toward digital payments over time, unlocking transformative possibilities for financial…
Nigerian startup Dukka has created a digital environment that supports emerging market commerce by assisting businesses in automating daily operations, accepting payments, and gathering performance data. Dukka, founded in 2020 with a demo app produced during the early phases of the COVID-19 epidemic, offers simple technologies to assist individuals and small businesses better manage their…
A Massachusetts Institute of Technology (MIT) student has developed a device that allows humans to speak with computers using their minds, and it is quite remarkable. Arnav Kapur designed AlterEgo, a wearable headset that allows users to connect with technology without saying a word. So, how does this work? The device detects signals when the…
The IFC today released the names of 100 women-led business entrepreneurs who have been chosen to participate in the She Wins Africa project. This IFC-led project aims to increase access to funding for women-led enterprises in Sub-Saharan Africa. According to a statement shared with Technect, the She Wins Africa program is part of the IFC’s…
Dream VC, Africa’s top supplier of venture capital training curricula, has launched applications for the 2024 cohort. The programmes, which are now in their third year and have taught over 170 African and Africa-focused investment professionals, will provide a specialized curriculum, practical training, and access to investors throughout the program. Mark Kleyner and Cindy Ai…
The adoption of artificial intelligence (AI) into a business is not just about leveraging advanced technologies to improve efficiencies. Instead, it is about nurturing trust, ethics, and responsibility in digital systems. Of course, when it comes to any AI implementation, its impact and risk must be considered. This is where Trustworthy AI becomes an organisational…
Gboard, Google’s keyboard software for smartphones, is getting a crucial new feature that will make it easier to insert text using your smartphone’s camera. The most recent version of the keyboard app now supports a new “Scan Text” mode, which uses optical character recognition (OCR) technology to recognize and enter text into a text field….
Applications are now available for UNICEF StartUp Lab, a six-month accelerator program for innovative Ghanaian entrepreneurs and businesses aiming to promote the Sustainable Development Goals for children and young people. The UNICEF StartUp Lab programme, launched in 2019, is led by UNICEF in Ghana, supported by KOICA, and implemented by MEST Africa. It provides extensive…
In a monumental leap toward transforming Anambra State into a smart mega city, Governor Charles Chukwuma Soludo, CFR, has reaffirmed his commitment to a technologically advanced future for the state, through the launch of the pilot phase of the Public Wi-Fi initiative tagged Solution Wi-Fi. Driven by the Anambra State ICT Agency in collaboration with…
As part of efforts towards advancing Information and Technology (IT) development in Nigeria, Anambra and Lagos States have agreed to a collaborative partnership that will see to the strengthening of their respective IT ecosystems. This collaborative effort which stemmed from bilateral meetings with the IT Ecosystem members during the Reverse Trade Mission in the United…
A circular economy, which is a sustainability practice where resources are reused, shared, repaired, refurbished, and recycled for as long as possible, is not new in Africa. This has always been our way of life in Africa. Today as sustainability is promoted around the world, it becomes important for African startups and entrepreneurs to look…
The Central Bank of Nigeria (CBN), which published legislation to regulate the activities of digital asset providers many months ago, has instructed its telecom carriers to restrict access to websites related to cryptocurrencies, including well-known sites like Binance, OctaFX, and Coinbase. This action is a reaction to the CBN’s December 2023 decision to revoke its…
In order to give 774 local government areas (LGAs) in Nigeria dependable internet connectivity, the federal government has started an initiative. Bosun Tijani, minister of communications, innovation, and digital economy, announced the initiative named “Project 774 LG Connectivity” in a post via X on Monday. He said the project is a significant step towards fulfilling…
A nonprofit organization called Creative Space Startups is now accepting applications for the third Growth-4Her cohort, which will choose 100 women-led SMEs in Nigeria and Cameroon for empowerment. In order to oversee the management of the Cohort, Growth4Her collaborates with Creative Space Startups, Socio Capital Impact Group, The Learning Gate, and ActivSpaces. The goal of…
Sophos, a global leader in innovating and delivering cybersecurity as a service, is expanding its commitment to the channel with the addition of Partner Care, a new offering in its global partner program that features a dedicated, 24×7 team of Sophos experts who handle non-sales related questions and operational support. The offering is designed to…
An enhancement to the Chat Lock function, which is purportedly being developed for the web version of the well-known messaging program, has been observed by WhatsApp in operation. On WhatsApp for iOS and Android, users can already lock some chats that are protected by a secret code. This feature can help users’ privacy on the…
Businesses in Africa can now utilize Google’s chat-like Gemini AI technology for Search Ads. The application, which is now completely functional, was created to assist companies in Africa and throughout the globe in increasing their internet presence. Google released a statement claiming that the technology will enable companies to easily reach clients through internet advertising….
In a bid to recognize and applaud the ingenuity driving Africa’s technological evolution, the inaugural Cenfortech Tech Innovation Awards 2024 have officially opened applications. With a keen eye on the trailblazers reshaping the continent’s tech landscape, the awards aim to honor those at the forefront of innovation, problem-solving, and visionary leadership within the industry. About…
LG Electronics continues to set new standards in consumer electronics with the unveiling of its latest lineup featuring sleek, minimalist designs tailored to enhance the modern lifestyle. In a world where technology seamlessly integrates into daily routines, LG Electronics understands the importance of design that not only complements living spaces but also elevates them. With…