Visa, a global leader in digital payments, has opened the application process for the second cohort of its Africa Fintech Accelerator program. The announcement was made at Fintech Day in Morocco, where industry experts gathered to explore opportunities for enhancing digital payments and financial inclusion in the country. The initiative aims to support Seed to […]

Nigeria’s financial system faced fraud in 2014. In response, the Central Bank and all banks launched the Bank Verification Number. To prevent unlawful transactions, this 11-digit identity was connected to fingerprints and facial scans.  After initial security concerns, the BVN succeeded. Increased financial inclusion, decreased fraud, and simplified credit checks. It protects banks and clients […]

Y Combinator has selected Miden, a Nigerian startup that uses its API to let businesses issue virtual cards to customers for their winter 2024 batch.  Miden is the second Nigerian startup to join this year’s winter cohort, following Cleva, a cross-border payment service. Okiemute Avworhokai and Ini Udoh established Miden in 2022 to facilitate businesses’ […]

The Financial Sector Conduct Authority (FSCA) of South Africa has raised alarm on the public involvement in MMM Krypto, a mutual aid fund, citing potential risks.  The FSCA reveals that MMM Krypto might be offering financial services to the South African public through social media platforms like YouTube, TikTok, and Facebook, accompanied by enticing promises […]

The Nigerian Data Protection Commission (NDPC) is investigating 17 significant data breaches in banking, technology, education, consultancy, government, logistics, and gaming/lottery.  NDPC National Commissioner Dr Vincent Olatunji said this at Global Data Privacy Day in Abuja.  In addition, the commission received over 1000 data breach complaints, prompting investigations. Olatunji said the commission’s efforts in the […]

Carry1st, a video game studio based in Cape Town, South Africa, has announced a strategic partnership with Sony, the Japanese consumer electronics and gaming giant, via its Sony Innovation Fund venture arm. The partnership, which was revealed exclusively to CNBC, will involve a range of commercial opportunities for both companies, as they explore ways to […]

As Africa continues to experience a rapid surge in fintech revenue, marked by a compound annual growth rate (CAGR) of 32%, a recent report by Boston Consulting Group (BCG) and QED Investors foresees the continent’s fintech market reaching an estimated $65 billion by 2030. South Africa, Nigeria, Kenya, and Egypt stand at the forefront of […]

The online store eBay has said it will be letting go of 1,000 full-time workers or about 9% of its total staff. The data was made public in a recent government statement. The initiative is part of the company’s plan to be “more nimble” in a “challenging” business climate, according to CEO Jamie Iannone. It […]

Anambra state government announces strategic engagement with 26 US high-tech enterprises. [ez-toc][ez-toc] this. These firms include Google, Meta, AWS, Dell, and others. As reported, the strategic relationship was reached over a weekend meeting at the US Consulate General in Lagos. The state delegation, led by Governor Chukwuma Charles Soludo, CFR, met with the US Consul-General, […]

The Enterprise Development Centre (EDC) of Pan Atlantic University and the Lagos State government have announced a partnership aimed at providing 10,000 women entrepreneurs with the capital and expertise they need to launch and expand their enterprises. The partnership, which is a component of the MasterCard Foundation-powered Transformation of Nigerian Youths programme, intends to increase […]

The US Secretary of State, Antony Blinken, has expressed his country’s readiness to invest in Nigeria’s economy, especially in the tech sector, during his visit to Abuja on Tuesday. Blinken, who met with President Bola Tinubu and other top officials, said that Nigeria offers clear and compelling opportunities for investors and that American entrepreneurs and […]

Nigeria’s Vice President, Senator Kashim Shettima, delivered a compelling call to action at the African Economy of Scale Plenary during the World Economic Forum (WEF) in Davos, Switzerland. Urging African leaders to prioritise technology and digital skills, he emphasised the need to elevate the continent’s Gross Domestic Product (GDP) from its current three percent of […]

Artificial intelligence (AI) is a potent technology that can address a number of issues and open up new possibilities. But it can also be a severe danger to African digital entrepreneurs, who already have a lot on their plate in the competitive and fast-paced international market. A recent analysis from the Boston Consulting Group (BCG) […]

Trail Alley, a transformative social community platform focused on empowering African youths in technology, has recently launched its highly anticipated 3-week Tech SkillUp fellowship program.  This pioneering initiative is strategically crafted to provide participants with essential technical skills and unwavering support, paving the way for a successful career in the dynamic field of technology. Beyond […]

It is inevitable to look ahead and consider where the innovative technology of ChatGPT will be in 2024 as we enter the constantly changing world of Artificial Intelligence (AI). An increasing number of AI applications will be mobile-friendly, impacting not only our professional lives but also our personal relationships and leisure activities. OpenAI’s linguistic wonder […]

A delegation of space experts from Kenya, Nigeria, Rwanda, and South Africa is embarking on a knowledge exchange tour of the United Kingdom’s top space research, manufacturing, and launch facilities. Organized by Innovate UK and Research and Innovation Systems for Africa (RISA), in collaboration with the Research Institute of Innovation and Sustainability (RIIS), the tour […]

Billionaire entrepreneur Elon Musk’s Tesla has officially presented the much-anticipated Cybertruck, overcoming a two-year saga of delays and production challenges. The Blade Runner-inspired electric trucks were ceremoniously handed over to select customers during an event at Tesla’s Austin headquarters. Elon Musk personally delivered some of the vehicles, including one to Reddit co-founder Alexis Ohanian, in […]

TTEC Holdings Inc. announces the inauguration of a new global customer experience delivery centre in Cape Town, South Africa. Renowned for its AI-enabled CX solutions, TTEC, serving diverse industries such as automobile manufacturing, telecommunications, and healthcare, extends its global footprint with this strategic move. Read also: Cape Town to host Africa Tech Festival in November Enhancing […]

The African Development Bank (AfDB) is set to mobilise financing for climate action at the upcoming UN Climate Change Conference, COP28, in Dubai. Led by President Dr Akinwumi Adesina, the AfDB delegation plans to launch and solidify several climate action initiatives during the global event from November 30 to December 12. Read also: Middle East, Africa’s […]

The global macrophage markers market is estimated to be valued at US$ 256.2 million in 2023, and it is expected to exhibit a Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period spanning from 2022 to 2030, according to Coherent Market Insights. Macrophage markers play a pivotal role in research and diagnostics, particularly […]