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AI drives record $1.2 trillion in global holiday sales

Salesforce recently announced that online holiday sales reached a record $1.2 trillion globally during the 2024 season. This data, released on Monday, highlights the significant role of artificial intelligence (AI) in enhancing the shopping experience.  Caila Schwartz, Director of Consumer Insights at Salesforce, emphasised that AI-driven tools influenced $229 billion, or 19 per cent, of […]

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WAEC introduces WASSCE PC1 for unsuccessful candidates to resit specific subjects in January

In order to minimise delays for applicants who must retake one or two WASSCE subject papers, the West African Examinations Council (WAEC) has introduced a new initiative. This new approach, called WASSCE PC1, will eliminate the customary waiting period for the next exam cycle by allowing students to retake certain subjects in January and February […]

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Trending in Africa tech space

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3 days ago

Germany launches e-Visa application for Nigerians, others to attract 400,000 skilled workers

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HealthTech Hub Africa launches 2025 program for African health startups

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5 days ago

Compass Global’s initiative bridges Africa’s trade gaps, focuses on youth and women entrepreneurs

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9 days ago

Jobo interim lands $2 million to address West Africa’s recruitment challenges

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12 days ago

Ghana becomes 5th African country to grant visa-free access to all Africans

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16 days ago

Konga to launch AI-powered radio station

Fintech

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How a Centenary Bank customer lost millions in devastating online scam in Uganda

In December 2024, Patrick Mulumba, a Ugandan worker in Saudi Arabia, lost millions of shillings from his Centenary Bank account due to an online banking scam. Shs1.99m was taken out first, then Shs1.95m, making a total of Shs3.94m. The bank opened an investigation into the event after Mulumba’s emotional TikTok video went viral on December […]

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Cryptocurrency

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Thena raises undisclosed investment from Binance Labs to fuel DeFi expansion

Binance Labs has made an undisclosed investment in Thena, a decentralized exchange (DEX) and liquidity system built on the BNB Chain. This announcement was made by Binance Labs on Tuesday. The goal of Thena, which was introduced in January 2023 and uses the cutting-edge ve(3,3) tokenomics model, is to develop a comprehensive, decomposable liquidity layer […]

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Product Review

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New iPhone16 suggests high battery capacity

With the iPhone 16 leaks making headlines, anticipation for Apple’s latest smartphone release is at an all-time high.  Among the plethora of leaked details, one aspect that has caught the attention of tech enthusiasts is the reported battery capacities. Let’s delve into the revelations provided by analyst Majin Bu and explore the potential implications for […]

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Startups

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Uganda’s NINJA Accelerator program to support startups, drive regional expansion

Uganda on Wednesday launched the NINJA Accelerator, an initiative designed to empower growth-stage startups and enhance their regional influence.  This program, a collaboration between the Uganda Ministry of Trade, Industry, Cooperatives, Hindsight Ventures, and JICA, aims to provide tailored support to Ugandan entrepreneurs. Read also: PostBank Uganda, Western Union introduce international money transfers via Wendi […]

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Tech with Pelumy

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Safaricom records KES 17.5 billion loss as Ethiopian birr depreciates

Safaricom’s profit in Ethiopia plunged by 17.7 percent to KES 28.1 billion, down from KES 34.1 billion, according to the company’s half-year financial report released on Thursday. As one of Africa’s leading telecom operators,  the decline in profit for the half-year that ended September 30, 2024 was largely attributed to the depreciation of the Ethiopian […]

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AI

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OpenAI’s $200/month ChatGPT Pro plan incurs losses, surprising founders

OpenAI, founded by Sam Altman and others, is facing unexpected financial challenges with its ChatGPT Pro subscription service. Altman disclosed today that despite a spike in user demand, the company is losing money on the $200/month plan. Read also: OpenAI announces new o3 and o3 mini models for 2024 Unforeseen demand Altman expressed his surprise […]

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