Author: Staff Writer

The tablet market is showing signs of robust growth, with worldwide shipments reaching 39.6 million units in the third quarter of 2024 (3Q24), a 20.4% increase over last year, according to the International Data Corporation’s (IDC) latest report. This rise in shipments follows a weak 2023 market, making year-over-year growth…

Ghana emerged as a focal point of cyber threats in West Africa for the first half of 2024, experiencing a surge in Distributed Denial of Service (DDoS) attacks targeting various industries, primarily computer services and telecommunications. According to NETSCOUT’s 1H2024 DDoS Threat Intelligence Report, Ghana witnessed 4,753 attacks during this…

South Korea has imposed a 21.62 billion won ($15.67 million) fine on Meta Platforms, the parent company of Facebook, for unauthorized data collection practices. The country’s data protection authority, the Personal Information Protection Commission (PIPC), found that Meta collected sensitive data about nearly a million South Korean Facebook users and…

In a pivotal moment for Lagos Business School (LBS) and the broader Pan-Atlantic University community, Professor Chris Ogbechie has announced his retirement as dean, effective December 31, 2024. After a distinguished 23-year tenure with the institution, Ogbechie leaves behind a lasting legacy of academic excellence, sustainability leadership, and transformational growth.…

Equinix, a leading global digital infrastructure company, has appointed Wole Abu as its new Managing Director for West Africa. With extensive experience in the Nigerian telecommunications industry, Abu will lead Equinix’s operations across Nigeria, Ghana, and Côte d’Ivoire. His role is aimed at driving the company’s expansion in the region…

Meta’s social networking platform, Threads, has recently hit a major milestone by reaching 275 million monthly active users, a notable achievement in its rivalry with X (formerly Twitter). This progress was shared on Sunday by Adam Mosseri, the Head of Threads and Instagram, who expressed his gratitude to users for…

MTN Nigeria Communications PLC recently announced its plan to raise ₦50 billion through its Series 11 and 12 commercial paper (CP) issuance under its ₦250 billion Commercial Paper Issuance Programme. This initiative aims to strengthen MTN’s short-term working capital and diversify its funding sources, as disclosed in a notification to…

Silverbacks Holdings, a Mauritius-based private investment firm, has recently made a strategic investment in African Warriors Fighting Championship (AWFC), Nigeria’s largest Dambe (traditional boxing) promoter. Announced at the inaugural New Africa Summit within the Future Investment Initiative in Riyadh, this partnership marks a significant milestone for Silverbacks as it seeks…

Growth Investment Partners (GIP) Ghana, an investment platform backed by British International Investment (BII), has announced a significant investment in Truecoco Ghana Limited, a major player in agricultural processing based in Ghana’s Western Region. This partnership represents an essential step toward enhancing Ghana’s agricultural processing capabilities, supporting local farmers, and…

To accelerate Nigeria’s ambitious 3 Million Technical Talent (3MTT) initiative, the federal government recently announced the formation of an advisory committee comprised of some of the nation’s most respected tech leaders. This committee is tasked with steering the program toward its target of equipping three million Nigerians with the digital…

The Federal Ministry of Communications, Innovation & Digital Economy (FMCIDE) and Google have announced the 10 startups to benefit from the N100 million Artificial Intelligence (AI) fund. The AI fund was launched in September 2024 and is coordinated by the National Centre for Artificial Intelligence and Robotics (NCAIR) and Google. Through…

OpenAI has launched an advanced web-integrated search feature, ChatGPT Search, embedded directly in its ChatGPT platform. This new feature was unveiled in July this year. Building on the capabilities of the prior SearchGPT prototype, ChatGPT Search now offers “timely answers” using a refined GPT-4 model to pull information from a…

African venture capital firm Janngo Capital recently announced the final close of its second fund, securing €73 million ($78 million), exceeding its initial target of €60 million ($63 million). The firm, led by founder Fatoumata Bâ, initially marked the first close at €60 million in 2022, drawing investments from prominent…

Nigeria, in collaboration with other West African countries, is preparing to introduce a unified system for driver’s licenses and vehicle registrations. This effort, part of a regional initiative to standardize transportation systems, aims to enhance road safety and facilitate the free movement of people and goods across borders within the…

Aliko Dangote, President and CEO of Dangote Group, recently voiced strong support for Nigeria’s transition from petroleum products to Compressed Natural Gas (CNG). In a bid to align with Nigeria’s commitment to a net-zero emissions future, Dangote has positioned his company at the forefront of CNG adoption, underscoring both economic…

Apple and Goldman Sachs have come under intense regulatory scrutiny over the Apple Card, resulting in a substantial $89 million fine issued by the Consumer Financial Protection Bureau (CFPB). The penalty stems from what the CFPB describes as “illegally mishandling transaction disputes and misleading iPhone purchasers about interest-free payment options,”…

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…

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…