In a significant regulatory overhaul, the Central Bank of Nigeria (CBN) has taken a bold step by announcing a comprehensive ban on banks and financial technology companies (fintechs) participating in international money transfer services. The move, unveiled through new guidelines on January 31, 2024, marks a pivotal expansion of restrictions previously applicable solely to deposit […]

The Spring (Socially Assistive Robots in Gerontological Healthcare) Robots designed to assist elderly patients have entered a crucial phase of testing, offering promising prospects for enhancing the quality of care for ageing populations. The initial trial took place at Assistance Publique Hopitaux de Paris, in France.  With advancements in robotics and artificial intelligence, these devices […]

Applications are now open  for the DigitalforAll Challenge 2.0 through the National Information Technology Development Agency (NITDA) and Tech4Dev. The Challenge, according to NITDA, is a free project to help Nigerians improve their technical abilities and become interested in online certificates. The Challenge supports the Renewed Hope Agenda’s goal of increasing digital skills to accelerate […]

In late February 2024, StarSat Africa, a South African company based in Mozambique that imports Starlink, intends to slash prices for Starlink gear by thirteen to twenty percent. This potential price reduction follows a recent sale on bulk orders by Starlink’s parent company, SpaceX. Although South Africa’s communications regulator, ICASA, banned Starlink, this development has […]

YouTube Music and YouTube Premium have surpassed 100 million subscribers globally, including trial users, which is a major milestone for the digital streaming service. This achievement highlights the platform’s longevity and the extensive entertainment options it provides to users all over the world, including the varied and lively Nigerian community. Adam Smith, YouTube’s VP of […]

Artificial intelligence (AI) has become a part of our daily lives in ways we might not even be aware of. It is changing our lives in ways that may be irreversible. Its effects are vast and varied, encompassing good progress and possible challenges. AI technology dictates our daily activities, even to the extent of how […]

After a protracted legal dispute that has engulfed South Korea for years, Lee Jae-yong, the vice chairman and presumed heir of Samsung Group, left South Korean court on Monday with victory. The litigation was In relation to a 2015 merger that was viewed as a crucial step towards Lee’s accession to the company’s top position. […]

RightCard Payment Services Limited (LemFi) has announced the resumption of its remittance services to Ghana, following approval from the Bank of Ghana (BoG) to recommence operations with selected partners.  The fintech company officially reinstated its money transfer services to Ghana on Monday February 5, after a temporary suspension in November 2023. With the approval from […]

Facebook celebrates its 20th anniversary on Sunday, February 4, the day that Mark Zuckerberg, then an undergraduate at Harvard University, and three roommates created the social media platform. Over 271 million people in Africa use Facebook as of 2022, out of a total of over 2 billion active users every day. According to Statista, a research platform, the […]

Artificial intelligence is no longer just for big tech companies. In Nigeria, AI has become very important for companies. In the constantly changing Nigerian small business world, using Artificial Intelligence (AI) tools has become a meaningful way to improve operational performance and cut costs. As companies deal with economic and competition problems, using AI technologies […]

Konga, the dependable online marketplace, has proven itself once again, this time taking home the trophy for Top Retailer in the Supplies Category at the just-ended Retail Bootcamp put on by Hewlett Packard.  The Radisson Blu Anchorage Hotel in Victoria Island, Lagos, was the venue of the two-day event, which provided a lively setting for […]

French media giant Canal+ wants to buy DSTV’s South African parent firm, Multichoice. It was stated recently and witnessed by multiple media outlets. Canal+, a significant MultiChoice shareholder, acknowledged that it sent a letter to the Board of Directors. Canal+’s non-binding indicative offer to buy Multichoice’s issued ordinary shares is included in the letter, reports […]

The Dutch Data Protection Authority, (DPA) has fined Uber the sum of €10 million. The ride-hailing company Uber was fined for breaking data security laws in Europe. Those laws protect the privacy of all drivers, according to reports. In a statement, the Dutch Data Protection Authority (DPA) said that Uber was fined because it didn’t […]

Elon Musk, the owner of X, formerly Twitter, is pleading with advertisers to return to the platform, even though it has been in the news recently for the wrong reasons.  The CEO, Linda Yaccarino, stressed X’s dedication to putting child safety online first in a letter sent to both current and past advertisers. Elon Musk, […]

The Edo State government has announced a partnership with the Co-Creation Hub (CcHUB), a leading innovation centre in Africa, and the Bill & Melinda Gates Foundation, a global philanthropic organisation, to support the growth and development of tech startups in the state. The partnership aims to strengthen the digital solutions ecosystem in Edo State and […]

The African tech ecosystem faced a tough year in 2023, with funding dropping by almost half compared to 2022, according to Intelpoint. Many growth-stage startups struggled to raise capital, leading to layoffs, closures and fire sales. However, some investors remained bullish on the continent’s potential and launched new funds or increased their activity. Here are […]

MTN Group has revealed its intention to invest $215 million in the Republic of Benin over the course of the next three years.  MTN’s commitment to upgrading telecom infrastructure and improving connectivity in the West African nation is highlighted by this major financial pledge, which was made during a high-profile leadership visit to Cotonou for […]

In a strategic move to advance Africa’s digital economic development, the Africa Fintech Network (AFN) has unveiled its newly appointed Board of Directors for the period 2023 – 2026. The board comprises accomplished professionals drawn from various disciplines across the continent, reflecting AFN’s commitment to catalyzing Africa’s fintech landscape. AFN’s Mission and Milestones Founded in […]

In a strategic move to empower its customers with enhanced financial control, Kroo Bank is set to launch its revolutionary feature, ‘Kroo Pots.’ Responding to the fervent requests of its user base, Kroo aims to redefine the way individuals manage and allocate their funds, fostering a sense of financial empowerment in the year 2024. A […]

Africa’s pioneer metaverse, Africarare is getting ready to launch the $Ubuntu Token, a virtual token that will act as a medium of exchange for both customers and merchants in the virtual marketplace. Developed by the innovation business Mann Made, situated in Johannesburg, Africarare is an immersive 3D virtual reality hotspot. The Web3 platform, driven by […]