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…
Today, Microsoft announced new AI-powered classroom tools. As children prepare for an increasingly technologically advanced world, the company believes that its new “Learning Accelerators” will help them improve their speaking and math skills while also making teachers’ jobs easier. Speaker Progress is a new artificial intelligence (AI) classroom tool for teachers. It saves time by…
Digital file-sharing service WeTransfer is partnering with blockchain platform Minima to launch non-fungible tokens (NFT) on the network, allowing users to generate NFTs directly from their phones. A layer 1 blockchain and peer-to-peer network designed specifically for mobile use is called Minima. Its website states that individuals will be able to “operate a full constructing…
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…
Yodawy, a pharmacy benefits platform established in 2018 with the goal of restructuring Egypt’s drug supply chain, has secured $16 million in a Series B financing to support its expansion beyond the Middle East and Africa. With the help of Yodawy’s platform, insurance firms and hospitals may streamline approvals, reduce expenses, and enhance customer satisfaction….
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…
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…
The largest Africa-focused fund to date, Partech Africa II has reached its first close at €245 million (about $263 million), according to the international venture capital firm. According to managing partners Tidjane Deme and Cyril Collon, the company, which focuses on early- and growth-stage entrepreneurs throughout the continent, aimed to raise roughly €230 million ($250…
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…
Amarachi Nnochiri clearly understands that product management is not just about executing features; it is about building ecosystems that can transcend, expand, and sustain long-term growth. Over the years, she is skilled in the art of managing complexity, ensuring that related products, platforms, and services not only function smoothly but also scale without compromising user…
Customer relationship management (CRM) solutions have become increasingly popular over the past several years, and it is predicted that the industry will expand at a 12.5% compound annual growth rate and reach $145.79 billion in the next six years. This expansion is partly related to the rise in online retailers employing CRM solutions to raise…
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,…
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,…
Alphabet, the company that owns Google, plans to compete with Microsoft by introducing a chatbot service and more artificial intelligence for its search engine and developers. Alphabet CEO Sundar Pichai announced in a blog post on Monday that the business is launching a conversational AI service called Bard to gather user input before going live…
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…
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…
A Kenyan business called eWAKA that seeks to enhance sustainable mobility has received strategic investment from the State Secretariat for Economic Affairs (SECO) of the Swiss Confederation. The SECO Start-up Fund has given eWAKA a $540,000 loan to support its 2023 ambitions to accelerate a growth strategy centered on providing innovative and sustainable mobility technologies…
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…
Lulalend, a digital business lender based in Cape Town, South Africa, raised $35 million in a Series B funding round that was led by Lightrock, a global impact investor. Other investors included the International Finance Corporation (IFC), Quona Capital, and newcomers DEG, Triodos Investment Management, and Women’s World Banking Asset Management. Lulalend plans to utilize…
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…
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…
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…
Sophos, a global leader in innovating and delivering cybersecurity as a service, today released new findings on CryptoRom scams—elaborate financial fraud schemes that prey on and trick dating app users into making fake cryptocurrency investments—in its latest report, “Fraudulent Trading Apps Sneak into Apple and Google App Stores.” The report details the first fake CryptoRom apps —Ace Pro and MBM_BitScan—…
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…
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…
A suspected NFT initiative appears to be paving the way for e-commerce behemoth Amazon to join the Web3 community. Although the corporation hasn’t released all the information, insider sources claim that it will begin this spring. In order to assist its plans to develop a business focused on digital assets, the company has been looking…
Convergence Partners, the top private equity investor in sub-Saharan Africa’s technology industry, is pleased to announce the $296 million closure of its Convergence Partners Digital Infrastructure Fund (CPDIF), exceeding its original objective by more than 18%. Despite tepid private capital raising across the continent in 2022, this accomplishment was made. Convergence Partners’ largest fund to…
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,…
Trade Lenda, a Nigerian fintech firm that provides access to financing for micro, small, and informal retailers’ business needs, has acquired US$520,000 in pre-seed funding to accelerate its expansion. The Lagos-based Trade Lenda was established in 2021 to assist small businesses in obtaining quick and affordable credit with no upfront collateral within six hours. The…
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…