Author: Staff Writer

OpenAI has launched a groundbreaking series of AI models designed to tackle complex problems in science, coding, and mathematics. Introducing OpenAI o1, a new model preview that promises a significant advancement in AI’s reasoning capabilities. Available starting from September 12th, this series aims to solve more challenging tasks than its…

In a strategic move to stimulate economic growth and job creation in Ghana, the International Finance Corporation (IFC) has announced a partnership with Access Bank aimed at increasing access to finance for small and medium-sized enterprises (SMEs). A significant portion of this initiative will focus on providing financial support to…

Cristiano Ronaldo, the legendary Portuguese footballer, continues to break barriers both on and off the pitch. Earlier this month, the 39-year-old Al-Nassr forward made history by becoming the first male footballer to score 900 career goals. Now, Ronaldo has achieved another groundbreaking milestone—amassing over 1 billion followers across all major…

Flutterwave, a leading African payment technology company, has announced the official launch of its remittance platform, Send App, in Malawi. The service is designed to provide faster, easier, and more affordable cross-border money transfers, offering a vital solution for Malawians both at home and abroad. With Send App, users can…

The Central Bank of Nigeria (CBN) has introduced new regulations for Payment Service Providers (PSPs) to improve the monitoring and routing of Point of Sale (PoS) transactions across Nigeria. This directive, issued on September 11, 2024, is part of the CBN’s broader efforts to strengthen Nigeria’s electronic payments system and…

Just a few days after Apple introduced the Innovative Hearing Aid Capabilities of the Airpods Pro, the U.S. Food and Drug Administration (FDA) has authorized Apple’s Hearing Aid Feature (HAF) as the first over-the-counter (OTC) hearing aid software device. This development allows the second-generation AirPods Pro to function as hearing…

Samsung Electronics, the global leader in smartphones, TVs, and memory chips, is set to reduce its workforce by as much as 30% in some overseas divisions. According to a Reuters report, the South Korean tech giant has instructed its subsidiaries worldwide to make substantial cuts, targeting a 15% reduction in…

Paymob, a leading fintech player in the MENA region, has successfully secured $22 million in a Series B extension round, bringing its total Series B funding to an impressive $72 million. This additional funding was led by EBRD Venture Capital and received participation from Endeavor Catalyst, alongside Paymob’s existing investors…

In a bid to rain on Apple’s iPhone 16 launch parade held yesterday, Huawei launched the world’s first tri-fold smartphone – the Mate XT Ultimate – some hours earlier. When fully folded, the Mate XT Ultimate resembles a standard smartphone. However, when unfolded, it transitions into a 7.9-inch two-screen mode…

Sony has announced the next in the evolution of console experience, the Playstation 5 Pro. According to Hideaki Nisino, CEO, Platform Business Group, Sony Interactive Entertainment in a press release, “we developed PS5 Pro with deeply engaged players and game creators in mind – as many have asked for a…

The Nigerian government in partnership with Google, has launched a N100million Artificial Intelligence (AI) Fund in aimed at supporting Nigerian startups leveraging AI to build innovative solutions. According to the Honourable Minister of Communication, Innovation and Digital Economy, Dr Bosun Tijani, in a post on “X”; “the AI Fund, which…

In a major boost to Africa’s healthcare sector, Field, a leading African healthtech company, has secured an $11 million grant from the Bill & Melinda Gates Foundation to launch a groundbreaking initiative aimed at addressing maternal mortality, newborn health, and child nutrition across the continent. This financial backing underscores the…

In a significant step towards achieving President Tinubu’s vision of accelerating diversification through industrialization, digitization, creative arts, manufacturing, and innovation, the National Information Technology Development Agency (NITDA) has collaborated with the National Youth Service Corps (NYSC) to launch the Digital Literacy for All (DL4ALL) initiative. The program seeks to equip…

Effective 9 September 2024, Nigerian fintechs will start deducting a N50 Electronic Money Transfer Levy (EMTL) from every inflow of N10,000 or more. Fintechs like Moniepoint, OPay have started informing their customers of this development. This deduction is in line with the Federal Inland Revenue Service (FIRS) directive. Hitherto, the…

Starlink has officially listed Zimbabwe as one of the countries that you can now enjoy its internet services. In May, Innovation Village reported that Zimbabwe’s telecom regulator, the Postal & Telecommunications Regulatory Authority of Zimbabwe (POTRAZ), granted a license to Elon Musk’s Starlink, allowing SpaceX’s satellite internet service to operate…

OpenAI recently announced that it now has over 1 million paying users across its business offerings, which include ChatGPT Enterprise, Teams, and Edu. This growth is a substantial leap from the 600,000 users recorded in April, reflecting CEO Sam Altman’s concerted efforts to drive enterprise adoption of ChatGPT for professional…

Safe Superintelligence (SSI), a new AI-focused startup co-founded by former OpenAI chief scientist Ilya Sutskever, has secured $1 billion in funding to develop advanced AI systems. With just 10 employees, SSI aims to build a small, highly trusted team of researchers and engineers split between Palo Alto, California, and Tel…

Fintech startup, Fido, has secured an additional $20 million to bring its total Series B funding total to $30 million. Innovation Village reported some days ago that Fido got $10 million, courtesy of MASSIF, a fund dedicated to financial inclusion and managed by FMO, the Dutch entrepreneurial development bank. This new infusion…

In a bold move to combat malnutrition and strengthen food security across Sub-Saharan Africa, Incofin Investment Management has announced the first investments from its recently launched Nutritious Foods Financing Facility (N3F). This initiative, introduced earlier this year, aims to empower local food enterprises by providing them with the necessary financial…

Kasha Global, an e-commerce platform operating the healthcare space, has announced an equity investment from Sanofi Global Health Unit’s Impact Investment Fund. Though the amount is not disclosed, the investment will support Kasha’s expansion into more countries across Africa, increase capabilities in Kasha’s technology platform and further grow Kasha’s ability to drive…