MTN Nigeria Communications Plc’s revenue increased by 35.9 percent to N3.3 trillion in 2024, yet the company still reported an after-tax loss of N400.4 billion. In a trading statement issued Thursday, MTN Group, the parent company of MTN Nigeria, informed its shareholders that its earnings per share (EPS) for the full year ending December 31, […]

Amazon Web Services (AWS) announced its new quantum computing chip, a prototype called Ocelot, on Thursday, marking its entry into the competitive quantum computing arena. Tech giants like Google and Microsoft are also in the race to develop full-fledged quantum computers. According to AWS, the Ocelot quantum computing processor can cut quantum error correction costs […]

The Nigerian government on Thursday announced plans to invest in the construction of 7,000 telecom towers throughout the nation’s rural areas as part of efforts to bridge the digital gap. Dr Bosun Tijani, Minister of Communication, Innovation, and Digital Economy, made the announcement at a meeting with State House correspondents in Abuja on Thursday. The […]

The crypto world is buzzing after Binance, the top cryptocurrency exchange, concluded its community vote on listing Pi Coin, the native token of the Pi Network. Launched on February 17, 2025 and ending on February 27, 2025, the Binance vote saw an impressive 86 percent approval rate, as reported on X today, February 28, 2025. […]

The KCB Group has reaffirmed its commitment to advancing financial integration and cross-border trade throughout the continent by joining the Pan-African Payment & Settlement System (PAPSS). This new development was announced by the bank on Thursday. Benefits for KCB Bank customers Being the first bank in East Africa to incorporate PAPSS into its systems, KCB […]

Entrepreneurs and business owners are set to gain a major boost with the launch of Bizoach, an innovative AI-powered business platform designed to provide practical, personalized business education and growth solutions.  The AI platform  is a partnership between Stability & Sustenance and Brussel Lake Paragon in the United Kingdom worth one million pounds. Bizoach is […]

Africa Data Centres officially launched the first phase of its state-of-the-art 4.5MW hyperscale data centre in Nairobi, Kenya, on Thursday.  This facility, named NBOX1, is part of a larger 22.5MW campus designed to meet the growing demands for cloud services and secure data storage in East Africa. Read also: AI showdown: will ChatGPT 4o or […]

Amazon unveiled its revamped virtual assistant, Alexa+, on Wednesday during an event in New York City. This new iteration of Alexa is designed to be more conversational and capable of performing real-world tasks, marking Amazon’s entry into the AI-driven virtual assistant era. Features and capabilities of Alexa+ Alexa+ is powered by a combination of large […]

On Monday, President Bassirou Diomaye Faye officially launched Senegal’s ambitious digital strategy, the “New Deal Technologique,” at the Abdou Diouf International Conference Center (CICAD) in Diamniadio. This initiative will propel Senegal into a leading position in Africa’s digital economy by 2034. Read also: GBC seeks collaboration with NCA to improve telecom, broadcasting services in Ghana […]

The Acting Director General of the National Communications Authority (NCA), Rev. Ing. Edmund Yirenkyi Fianko, received a courtesy call at the NCA Tower from a three-member delegation from the Ghana Broadcasting Corporation (GBC), which was led by its Director General, Prof. Amin Alhassan. According to the press release dated February 27, 2025, the purpose of […]

On Wednesday, Clearwater Capital, a private equity fund manager, announced the acquisition of SnoLink Logistics, the temperature-controlled storage and logistics arm of Etlin International, through a business rescue deal. This strategic move reflects Clearwater’s long-standing interest in the sector and aims to enhance South Africa’s evolving supply chain by offering a reliable route to market. […]

Industry experts explored the ethical considerations of gaming marketing, emphasizing player well-being at the ongoing Africa Gaming Expo (AGE) 2025 in Lagos. The session, tagged “Ethical Boundaries: Creating Marketing Strategies and Solutions that Prioritize Player’s Well-being,” was one of the standout discussions addressing key concerns in the gaming, esports, and betting industries. Held on February […]

The International Telecommunication Union and Nigeria have urged international cooperation to address the growing damage and disruptions to underwater cables, cautioning that such occurrences threaten the expansion and viability of the global digital economy. The Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, called for international efforts to prioritise submarine cable resilience during […]

On Wednesday, Ethio Telecom announced the state-of-the-art cloud-based core banking system, which will transform how financial institutions run their businesses. The company has effectively put in place a core banking solution that gives savings and credit cooperatives and microfinance organisations access to cutting-edge digital financial technology. By simplifying operations, enhancing customer satisfaction, and expanding service […]

Global chipmaker Nvidia Corporation announced sales of $39.3 billion for the fourth quarter that concluded on January 26, 2025, which was a 78 percent gain year over year and a 12 percent increase from the prior quarter. The firm revealed the figures in its financial report, which was made public on Wednesday. It attributed the […]

In order to improve worldwide data transmission, including for artificial intelligence applications, Facebook’s parent company, Meta, has announced plans to install a 50,000-kilometer underwater cable system that will cut across five continents. In an effort to boost global connectivity and meet the rising demand for AI-driven technology, the business announced that the cable would link […]

Visa and MDP announced their strategic partnership on Tuesday to enhance the fintech sector in Egypt. This collaboration aims to empower fintech companies and non-bank financial institutions (NBFIs) by providing the necessary tools, security, and scalability to thrive in the digital payments ecosystem. Empowering fintech growth The partnership combines MDP’s comprehensive payment processing and issuing […]

On Thursday, Meta apologised for an error that led to a surge of graphic and violent content appearing on Instagram Reels.  This apology came after numerous users reported encountering disturbing videos, including those depicting violence and gore, despite having their “Sensitive Content Control” settings enabled to the highest moderation level. The error and its impact […]

UNICEF has announced the implementation of machine learning technologies to enhance immunisation programs across Central and West Africa.  This initiative was launched on Wednesday as part of the “Reach the Unreached” (RTU) pilot program in countries such as Cameroon, Chad, Guinea, and Mali. Harnessing technology for immunisation The RTU initiative leverages machine learning to analyse […]

Experts in the esports industry in Africa have raised the challenges and opportunities shaping Africa’s esports ecosystem. At the ongoing Africa Gaming Expo (AGE) 2025 in Lagos, panelists underscored the urgent need for infrastructure development, policy support, and corporate partnerships to drive the sector forward. Moderated by Clésio Dias, Head of the Department of Technological […]