On Friday, the official market for the Nigerian Naira saw a significant increase, with the currency trading at N1,142.38 per dollar. The Naira rose by N88.23, according to data from the FMDQ Exchange’s official trading platform, which monitors the Nigerian Autonomous Foreign Exchange Market. Before the Sallah holiday, the exchange rate was N1,230.61 to $1, […]

Ghanaian Short-form video app, BeSocial, plans to replace TikTok by highlighting the diverse voices and original content from creators across Africa and the diaspora. Besocial also hopes to help creators earn money from their work. In 2022, a group of technical and business members, led by Kwesi Buabeng—a former executive at Ecobank, Google, and Coinbase—and […]

The BRICS alliance, comprising Brazil, Russia, India, China, and South Africa, unveils plans to develop an independent payment system fueled by blockchain technology and digital currencies. The plan is part of strides to strengthen financial autonomy and reduce reliance on the US Dollar. This initiative, set to roll out in 2024, aims to revolutionise international […]

Data storage is essential for businesses because it helps with operations, efficiency, and expansion. Businesses are able to keep track of a plethora of information, including client purchases, product specifications, and market tendencies, due to data storage. When used for research, decision-making, and strategy development, this data is invaluable. It makes it easier to meet […]

Applications are now being accepted for the 12-month tech entrepreneurship program at MEST (Meltwater Entrepreneurial School of Technology). Serial entrepreneur Jorn Lyseggen established MEST in 2008 in Ghana. It serves as an incubator, seed fund, and program for software and entrepreneurship. Its goal is to assist in the launch of technology startups all over Africa.  […]

For the second year running, the Ed-Tech Fellowship Programme in Nigeria, co-hosted by Co-Creation Hub (ccHub) and the Mastercard Foundation, is accepting applications. A US$15 million ed-tech accelerator initiative will be launched in Kenya and Nigeria by CcHub and the Mastercard Foundation in February 2023 as part of the Mastercard Foundation Ed-Tech Fellowship Programme. In […]

The International Monetary Fund (IMF) estimates that 40% of jobs in emerging markets and 60% of jobs in developed nations could be impacted by artificial intelligence (AI). According to the global organisation, a more pronounced effect on developed economies is anticipated than on developing markets and low-income nations. Read also: Ghana secures funds for climate […]

The National Information Technology Development Agency (NITDA) has received a substantial donation from De Lorenzo SpA, an industry-leading Italian firm that focuses on didactic equipment for technical and vocational training in the areas of Robotics, Machine Automation, Process Control, and Factory Automation. A thousand (1000) E-Learning Solutions developed by De Lorenzo will be donated to […]

Securing employment in the technology sector is notoriously difficult, as you may well know if you’ve ever tried. Tech companies, even at the entry level, have extremely high expectations for their employees due to the industry’s notably competitive nature. Discouragement is easy to come by.  Fortunately, this article will show you how to increase your […]

HabariPay’s Squad, in alignment with its commitment to empowering businesses and fostering innovation among the youth across Africa, proudly unveils its inaugural hackathon, “Take on Squad Hackathon 1.0.” The event is scheduled to take place in January 19th and 20th, 2023, at the state-of-the-art GTCO Training Complex in Tayo’s Plaza, Abeokuta, Ogun State. This groundbreaking […]

As part of its strategy to compete with Netflix Inc. and substantially increase its revenue on the continent, MultiChoice Group’s Showmax, the largest streaming service in Africa, has appointed top Sky executive Andrea Zappia as chairman following a deal with Comcast. This month, Zappia, as confirmed by MultiChoice and his LinkedIn profile, became chairman. He […]

Taking place on February 6th and 7th, 2024, Innovate Nigeria is poised to host the Nigerian business landscape. It is going to be the biggest corporate innovation conference in the country. Startups will be able to access corporate venture capital at this event, which will be held at the Landmark Events Center on Victoria Island […]

XTransfer, China’s leading B2B cross-border trade payment platform, has officially launched its international services, extending its footprint to over 200 countries and regions globally. After initially introducing international services in Hong Kong in April last year, the platform aims to cater to Micro-, Small, and Medium-sized Enterprises (MSMEs) engaged in cross-border trade. Commitment to MSMEs […]

Artificial intelligence (AI) is obviously not going anywhere. It’s changing the way we do things and is now used in a wide variety of industries and fields. Some worry that AI tools will eventually replace humans in the workforce, but those who seize the opportunities presented by the modern era stand to gain much more.  […]

The industry titans of artificial intelligence, OpenAI and Microsoft, are facing a new legal challenge about ChatGPT’s training data.  In Manhattan on January 5, 2024, authors Nicholas Basbanes and Nicholas Gauge went to a federal court to say that their works were being used to teach the popular language model without their approval.  This claim […]

Nigerian fintech startup Cleva has secured $1.5 million in pre-seed funding to revolutionise international payments. Spearheaded by 1984 Ventures and Y Combinator, the funding propels Cleva into the forefront of African startups, marking its inclusion in Y Combinator’s prestigious 2024 winter batch directory. Founded in 2023 by Tolu Alabi and Philip Abel, both alumni of […]

Higher education is a vital part of giving people power and promoting long-term growth. But, in developing economies, getting a good education is often challenging because of a lack of funding, dilapidated infrastructure, and inadequate teaching methods. Generative AI is a new technology that will change how people learn and open up new ways for […]

Since Elon Musk took over Twitter (now X), the company has been slowly becoming a super “everything app”. The new function lets you search and apply for employment. The improvement has simplified job hunting for job seekers. Forget numerous online applications and rigid LinkedIn relationships. Twitter may be the hottest job-hunting platform in 2024. Hidden […]

At the annual MTN Business Hackathon in October, hundreds of local app developers participated with the goal of creating apps that address some of the specific social issues facing South Africa. The top participants from the most recent MTN Business Hackathon squared off for the coveted title in the Hackathon category of this year’s MTN […]

The National AI Research Grant Scheme (NAIRS), a programme initiated by the Ministry of Communication, Innovation and Digital Economy, has announced the names of 45 recipients who will receive up to ₦5 million each to support their AI research and application projects. The recipients include individuals and organisations from various sectors and regions of the […]