Wema Bank Plc on Monday announced that it will reward winners with prizes valued at ₦75 million during its youth and startup-focused tech competition, Hackaholics.     Wema Hackaholics was founded in 2019 with the goal of fostering the inventiveness and spirit of entrepreneurship of Nigerian youths by providing them with a forum to actualise their tech-driven […]

The Latitude59 competition, a renowned event that showcases innovation and entrepreneurship around Africa, announced on November 15 that 10 promising startups have been chosen to compete in the final lap. A press conference announced the selection of these startups as part of a competitive process to showcase new ideas and promote entrepreneurship across the continent. During […]

South Africa’s Ministry of Communications and Digital Technologies has launched the AI Institute of South Africa, a key milestone unveiled during the inaugural AI Summit Cape Town at the 27th annual Africa Tech Festival. Held between November 12 and 14, 2024, at the Cape Town International Convention Centre, the event gathered over 15,000 attendees to […]

Orange Egypt has pledged USD 52.7 million to enhance startup growth across Africa, with a strong focus on fostering youth-driven innovation.  This initiative was announced by Yasser Shaker, CEO of Orange Egypt, during a press conference on November 15 at the Africa Tech Summit in Nairobi, Kenya. Shaker noted that 40 startups have benefited from […]

FNB Connect has announced that it now allows embedded SIM cards (eSIMs) to be used with all its product lines for both retail and business clients. Since it takes less than three minutes to connect to a mobile network and there is no additional time required for the delivery of a physical SIM card, the […]

Xbox Ultimate deals are active today. You have over 1,300+ Black Friday deals on games, DLC packs, and bundles for the year 2024. Up to 90 per cent off is a good time for gamers to purchase their products. Currently, the sale is also open for Africans, with some deals expiring soon and some for […]

Algérie Télécom has announced the launch of a groundbreaking high-speed internet package, set to debut November 14. Offering a bandwidth of up to 1.2 Gbps, this is the first of its kind on the African continent. The package is part of the company’s Idoom Fibre products and represents a significant leap in Algeria’s digital infrastructure, […]

Leading technology business, Tuma Enterprises collaborated with South Korea’s Vision Group to deepen worldwide economic collaboration, with parties from both entities signing a Memorandum of Understanding (MoU) on November 1. Chairman Dae-Yong Han led the delegation from South Korea’s Vision Group while CEO Arnold Badio led the team in Tuma to sign the MoU. This […]

Tom Alweendo, Namibia’s Minister of Mines and Energy, has called for increased investment in Africa’s energy sector. Speaking at the 2024 Africa Energy Week in Cape Town this October, Alweendo urged international stakeholders and partners to prioritise funding and policy support to address the continent’s energy challenges. “Africa’s vast natural resources place us in an […]

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 […]