Gaea Foods Limited, a leading potato-processing company based in Nairobi, Kenya, has secured a new undisclosed investment from Pepea, an impact investment fund established by Oxfam Novib and managed by Goodwell Investments. This strategic investment is aimed at providing Gaea Foods with the necessary working capital to meet increasing demand…
Author: Staff Writer
Staff Writer
I am a staff at Innovation Village.
As part of its array of products and services launched at the Made by Google 2024 event held on Tuesday, Google launched Gemini Live, “a mobile conversational experience that lets you have free-flowing conversations with Gemini”. It was first announced at Google’s I/O 2024 developer conference held some months ago.…
In a strategic move to position Nigeria as a leader in global digital trade and innovation, the Federal Government has launched an ambitious initiative to establish Digital Free Zones across the country. Spearheaded by President Bola Ahmed Tinubu GCFR, this initiative aims to attract and support technology, finance, and service-oriented…
InnovationHub Africa, the organisers of the prestigious Nigeria Innovation Summit (NIS) have announced the top agenda for the event. Now in its 9th year, the Nigeria Innovation Summit (NIS) is an annual event that brings together stakeholders from different sectors of the economy to discuss ground-breaking ideas, trends, opportunities, and numerous verticals to…
In a significant development within the global telecommunications industry, Bharti Enterprises, the Indian conglomerate known for its flagship brand Airtel, is set to acquire a 24.5% stake in BT Group, the U.K.’s former incumbent telecoms carrier. This move comes at a time when telecom companies are seeking stronger positions in…
Conduit, a fintech company focused on simplifying cross-border B2B payments, is setting its sights on Africa following a successful $6 million seed extension round led by Helios Digital Ventures, the venture capital arm of Helios Investment Partners. After launching its platform in Latin America in August 2023, Conduit enables businesses…
Long gone are the days of trading seen as a preserve for finance degree holders with years of experience on Wall Street. Digitization democratized information access and trading knowledge. Today, you can learn trading independent of your education background and where you come from, so long as you have access…
In the vast crypto ocean, Ripple and XRP – its native token- have made a name for themselves. Ripple is an open-source, decentralized platform known for its cost efficiency and speed, but if there’s one thing that truly sets it apart from other projects in the blockchain space, that’s its…
OpenAI announced on Thursday the introduction of SearchGPT, an innovative AI-powered search engine with real-time access to information from the internet. This move positions the Microsoft-backed startup directly against established players like Google, the dominant search engine, as well as newer AI-driven services like Perplexity. SearchGPT Features and Functionality SearchGPT…
In a significant development, Apple has launched a public beta of Apple Maps on the web, making it accessible directly from your browser. This launch puts Apple Maps in direct competition with Google Maps, which has been available on the web since 2005. Currently available in English, the web version…
Rashid Haddadin of GamerG emerged as the winner of 2024 CEMEA Visa Everything Initiative (VEI) final that was livestreamed today at 9.30a.m GMT. The Jordan-based startup beat four other fintech regional finalists from Central Europe, the Middle East, and Africa (CEMEA) including Bahrain-based CnpSecure, Qatar-based Tess Payments, South Africa-headquartered Nomanini…
The Nigeria Sovereign Investment Authority (NSIA) has announced Sycamore as the winner of the second edition of the NSIA Prize for Innovation (NPI 2.0). This announcement came after an intensive assessment of pitches from ten innovators by an expert panel of judges, who evaluated based on market potential, team composition,…
MNT-Halan, Egypt’s premier FinTech unicorn, has successfully closed a substantial funding round, amassing $157.5 million. This financial boost, led by the International Finance Corporation (IFC) and supplemented by key investments from Development Partners International (DPI), Lorax Capital Partners, Apis Partners LLP, Lunate, and GB Corp, underscores the firm’s robust market…
The Federal Competition and Consumer Protection Commission (FCCPC) has imposed a hefty $220 million penalty on Meta Platforms Incorporated, citing numerous breaches of Nigerian data and consumer protection laws. This landmark action was disclosed in a statement signed by Dr. Adamu Abdullahi, the Acting Chief Executive Officer of the FCCPC,…
CrowdStrike, a prominent cybersecurity firm, recently released an update that led to a significant global outage, affecting numerous systems across various sectors. The update, intended to enhance security, instead caused a widespread disruption by triggering a Blue Screen of Death (BSOD) on many Windows machines, leading to repeated recovery boot…
Lagos Business School (LBS), through its Sustainable and Inclusive Digital Financial Services (SIDFS) initiative, has launched a significant collaboration with the Nigerian federal government to implement the Aso Accord on Economic and Financial Inclusion. This ambitious project is supported by funding from The Gates Foundation and involves collaboration with several…
OpenAI has taken a significant step toward democratizing artificial intelligence with the launch of GPT-4o mini, a highly efficient and affordable small model designed to expand AI accessibility across various applications. This latest addition to the GPT-4 family aims to provide developers and businesses with powerful AI capabilities at a…
In a move set to transform the landscape of mobile content creation, Microsoft Designer has announced the launch of its new mobile app for Android and iOS. Microsoft Designer allows you to utilize templates for creating personalized images, stickers, greeting cards, invitations, and more. Leveraging advanced artificial intelligence tools, this…
d.light, an Off-grid solar provider has announced the closing of a new securitization facility that will purchase USD$176 million of receivables in Kenya, Tanzania and Uganda. The new financing is being provided by social impact-focused asset management company African Frontier Capital. According to a statement made available to Innovation Village, d.light…
In a significant shift in the cybersecurity landscape, Russian cybersecurity firm Kaspersky is set to lay off dozens of employees and exit the U.S. market. This move follows a U.S. government order issued in June that banned the sale of Kaspersky’s software, citing national security risks. Effective July 20, Kaspersky…