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 […]

Amid growing concerns about the climate crisis in Africa, former Vice President of Nigeria, Prof Oluyemi Osinbajo, has introduced a fresh perspective on addressing these pressing issues. Speaking at the Babacar Ndiaye 2024 Lecture in Washington, D.C., Prof Osinbajo underscored the importance of prioritising human resource investment as a key strategy in the fight against […]

Afin Bank, a recently launched UK-based startup, has partnered with banking technology leaders Thought Machine and Vacuumlabs to deliver specialised digital banking services for Africans residing in the UK. This venture, scheduled to launch in 2025, follows the bank’s Authorisation with Restrictions (AwR) licence approval from the Prudential Regulation Authority (PRA), marking a critical milestone […]

Sistema.bio, a social enterprise providing biogas systems that convert organic waste into renewable energy and fertiliser, on Monday acquired Inclusive Energy, a UK-based company focused on biogas optimisation. Inclusive Energy specialises in digital monitoring, reporting, and verification (dMRV). The acquisition is projected to enhance Sistema.bio’s digital MRV capabilities, boosting its biogas solutions and support for […]

EFT Corporation (EFTCorp) and Visa have initiated a five-year partnership to revolutionise Africa’s digital payments, prioritising financial inclusion and tailored payment solutions across the continent.  Accelerating financial inclusion with innovative payment solutions This partnership, announced by EFTCorp on October 28, marks a significant step in Visa’s ongoing commitment to African markets, particularly to advance financial […]

Volkswagen Group Africa has officially launched its multifunctional facility in Gashora, Rwanda, to pilot a new era of modern farming using electric tractors. This initiative, named the GenFarm project, introduces a comprehensive ecosystem of e-powered mechanised farming services explicitly designed for rural Africa. The company describes this model as dependable, sustainable, and environmentally friendly, aiming […]

With the announcement of the Open Source Initiative’s (OSI) formal definition of “open” AI on October 28, 2024, the stage is set for a confrontation with IT behemoths like Meta, whose models don’t comply with the regulations. The scope of OSI’s open-source standards Although OSI has long established the industry standard for what qualifies as […]

I&M Bank Kenya, a leading Tier 1 commercial bank, has reaffirmed its commitment to digital transformation and customer experience excellence by extending its strategic partnership with Backbase, the provider of the Engagement Banking Platform. The renewed collaboration will allow I&M Bank to continue leveraging Backbase’s next-generation platform and expertise to deliver innovative customer-centric digital solutions […]

OPay, a financial technology company, was named the “Mobile Payment Solutions Provider of the Year” at the 12th Annual Banks and Other Financial Institutions (BAFI) Awards, an event that was hosted by Business Day. The recognition underscores OPay’s commitment to innovation, client satisfaction, and its pioneering efforts in secure digital payments within Nigeria’s rapidly evolving […]

The House of Representatives has announced that it is actively “monitoring media reports” regarding an incident involving lawmaker Alex Ikwechegh (APGA, Abia), who is accused of assaulting a Bolt driver, Stephen Abuwatseya.  This incident, which occurred on Sunday evening, has sparked widespread public interest and concern, especially after a video of the altercation went viral. […]

The Nigerian Police on Monday confirmed that House of Representatives member Alex Ikwechegh was in custody over a viral video that showed him assaulting the driver of an e-hailing app, Bolt and threatening to make him “disappear.” A statement by FCT police spokesperson Josephine Adeh said Mr Ikwechegh was undergoing questioning to shed light on […]

UNESCO’s Abuja Director, Abdourahmane Diallo, has advised African citizens to strengthen their media and information literacy (MIL) skills, emphasising the importance of critical thinking in navigating the modern digital environment. In a recent interview with Techpression at UNESCO’s Abuja office, Mr Diallo explained that information literacy equips people to understand, evaluate, and responsibly engage with […]

Guaranty Trust Holding Company (GTCO) trended on X for hours on Monday and Tuesday after customers lamented they were unable to perform transactions on the bank app. GTCO had sent a mail to customers last week to inform them ahead of the upgrade, forewarning that the bank would close early on Friday, October 11 but […]

The National Information Technology Development Agency (NITDA) has been recognised for its efforts to use education to transform Nigeria by winning the esteemed Coursera Global Impact Award. Through Coursera, a prominent global online learning platform, people can learn new skills by enrolling in courses and earning degrees from prestigious institutions and businesses worldwide. Read also: […]

South African firm Fintr uses gamification to educate youngsters about money management. Fintr promises to make money learning fun with superhero-themed stories, practical financial exercises, and competitive incentive systems. The platform instills excellent financial habits in children to prepare them for financial success. Fintr: Bridging the financial education gap In 2021, Elijah Djan and Danei […]

In response to the recent arrest of Telegram founder Pavel Durov in France for “crimes committed by third parties” on the platform, the company said on its FAQ page that it had changed some of its privacy features and made it clear that users can report private chats to the company’s moderators. Durov Defends Telegram’s […]

The escalating fuel prices in Nigeria have placed ride-hailing companies like Uber and Bolt in a precarious position, forcing them to consider increasing fares to offset the rising costs. The recent fuel shortages, which pushed prices to a staggering ₦897 per litre, have significantly impacted the operations of these companies. While a fare increase seems […]

Chidimma Adetshina was crowned Miss Universe Nigeria 2024 during the grand finale on August 31, 2024, at the Eko Convention Centre in Lagos. This year’s pageant embraced the “Digital Divas” theme, highlighting the growing significance of technology and digital presence in modern beauty competitions. Adetshina’s journey to the crown is a testament to digital engagement’s […]

BitMobile South Africa, a leader in mobile technology innovation, has teamed up with The Device Store, Zambia’s top retail chain for mobile devices, to introduce the cutting-edge Phēnix X blockchain phone to the Zambian market. This partnership is set to revolutionise the mobile technology landscape in Zambia, offering an advanced and secure device designed to […]

While the NIMC Self-Service Portal has been available for some time, many Nigerians remain unaware of this convenient platform for updating their National Identification Number (NIN) details. This innovative tool simplifies the process of modifying essential personal information, ensuring that users can maintain accurate records. However, a significant portion of the population has yet to […]