IZI, the innovative Africa-focused e-mobility provider, is advancing its mission to electrify Rwanda’s public transport sector. In just four months of operation, IZI has demonstrated significant success with its initial fleet of five electric buses. These buses have traveled over 74,000 electric kilometres, carried more than 250,000 passengers, saved operators…
Author: Staff Writer
Staff Writer
I am a staff at Innovation Village.
Flour Mills of Nigeria Plc is embarking on an ambitious plan to invest up to $1 billion over the next four years, reinforcing its commitment to expanding its operations and driving economic growth in Nigeria. This announcement comes at a crucial time, aligning with President Bola Tinubu’s economic reforms, which…
In a strategic move aligned with its sustainability goals, MTN Nigeria, the country’s largest telecommunications operator, has introduced biodegradable, paper-based SIM cards. This innovative step is part of the company’s broader “Project Zero” initiative, which aims to achieve net-zero emissions by 2040. With the telecom industry increasingly recognizing the importance…
FBNHoldings Plc, one of Nigeria’s premier financial institutions, has announced the appointment of Adebowale (Wale) Oyedeji as its new Group Managing Director (GMD). The appointment, which will take effect on November 13, 2024, is pending approval from the Central Bank of Nigeria and ratification by shareholders at the next Annual…
As the tech world continues to grapple with the future of work, Amazon has drawn a clear line in the sand regarding remote work. AWS CEO Matt Garman recently made headlines with his blunt message to employees: if you don’t like the new five-day in-office policy, it might be time…
In a world increasingly shaped by digital interactions, the dangers of online exploitation, particularly sextortion, loom large over young adults and teens. Sextortion is a form of cybercrime where scammers threaten to expose someone’s intimate images unless they receive payment or further compromising content. These criminals target young, vulnerable users,…
Nigeria took a significant step forward in its fight against malaria as the country received its first consignment of malaria vaccines on Thursday. The National Primary Health Care Development Agency (NPHCDA) confirmed the arrival of 846,000 doses of the R21 malaria vaccine, a critical resource in the battle against one…
Ampersand, one of Africa’s leading electric vehicle (EV) energy tech companies, has announced the opening of a new, larger manufacturing facility in Nairobi, a move that will triple its production capacity in Kenya. This strategic expansion allows Ampersand to keep pace with the country’s rapidly growing demand for electric motorcycles,…
Yellow Card, one of the continent’s leading stablecoin on/off-ramp platform, announced that it has successfully closed a US$33 million Series C funding round, propelling the company’s mission of driving digital asset adoption across Africa. Led by Blockchain Capital, this latest equity financing marks Yellow Card’s total funding to date at…
Grid Africa, a leading player in renewable energy solutions, has announced a major boost to its operations through an equity investment of R50 million ($2.83 million) from Rifuwo Energy Partners. This funding will play a pivotal role in advancing solar energy projects across South Africa, particularly at a time when…
The Federal High Court in Abuja has extended a freezing order on 818 bank accounts under investigation for allegedly receiving proceeds from a N10 billion cyber-attack on the Hope Payment Service Bank (PSB) platform. The Inspector General of Police (IGP) was granted an additional 30 days to freeze these accounts…
In a significant stride toward restoring Nigeria’s digital infrastructure, Dr. Bosun Tijani, the Minister of Communication, Innovation, and Digital Economy, announced that IHS Towers, a leading telecommunications infrastructure company, has committed to renovating the Nigerian Communications Commission (NCC) Innovation Park in Kano. This facility, which had been looted and vandalized…
In a strategic move to boost Africa’s agricultural sector, the International Finance Corporation (IFC) and South Africa’s Absa Group have partnered to provide a $50 million trade finance facility to Singapore-based Valency International. This initiative will fund the procurement of key agricultural commodities such as cashew nuts, sesame seeds, and…
In a historic test conducted on Sunday, SpaceX achieved a major milestone for its Starship program by successfully launching and catching the Super Heavy booster with its giant “chopstick” arms. This test, conducted at the company’s Starbase in Texas, marked the fifth flight of the development program, demonstrating SpaceX’s progress…
Tesla CEO Elon Musk has once again changed the narrative in the automotive industry with the recent unveiling of the Cybercab, a two-door, fully autonomous robotaxi with a sleek design resembling a smaller version of the Cybertruck. This much-anticipated event, held at the Warner Bros. Discovery studio in California, marked…
Coscharis Technologies Limited, a subsidiary of the Coscharis Group, announced that it recently secured a $4 billion investment to fund power projects that will greatly benefit businesses, startups, and eventually residential communities across the country. This landmark funding will enable the company to focus on renewable energy solutions, aligning with…
Russian cybersecurity giant Kaspersky is shutting down its United Kingdom office and laying off staff, following the closure of its U.S. operations earlier this year. This decision, revealed in a statement by company spokesperson Francesco Tius, comes as part of a reorientation strategy aimed at optimizing its business presence in…
The Information and Communication Technology (ICT) sector continues to experience a rise in layoffs, with numerous tech companies leading the trend over the past two years. Among the companies that have implemented significant staff reductions are several high-profile tech giants. Microsoft has been at the forefront of these layoffs, cutting…
U.S. scientists Victor Ambros and Gary Ruvkun were awarded the 2024 Nobel Prize in Medicine for their revolutionary discovery of microRNA, a tiny molecule that plays a critical role in gene regulation. Their work has greatly expanded our understanding of how multicellular organisms grow and develop, explaining how cells, despite…
The 2024 Nobel Prize in Physics has been awarded to two groundbreaking scientists, U.S. physicist John Hopfield and British-Canadian Geoffrey Hinton, for their pioneering work in machine learning. Their discoveries have laid the foundation for the rapid rise of artificial intelligence (AI), a technology that is transforming industries across the…