Author: Staff Writer

The payment processing industry is expanding, with non-blockchain companies recognising the benefits of incorporating crypto payments. With over 500 million digital currency users globally, accepting crypto assets as a fiat currency substitute is becoming increasingly popular. This article will assess an open-source payment gateway, outlining its benefits and drawbacks. Why…

There has been substantial growth in the financial market, resulting in a rise in companies making profits from traders and investors. This has simplified the entry process for new companies looking to assist customers in buying and selling stocks, catering to specific client groups. Emerging technologies and intermediaries are being…

Electronic trading systems have definitely reshaped the way trading investing in the financial markets work, which gave rise to new exchange software to appear and more brokerage firms to emerge. Most of these platforms’ capabilities are powered by API infrastructure that ensures the proper working of the software features, especially…

An essential component for businesses in trading and finance is a liquidity provider (LP). They can enhance the functionality of the trading platform to improve transaction speed, reduce expenses, and provide businesses with market access. Nonetheless, finding a dependable LP can be tough as there are numerous options to consider.…

The Nigerian government, in collaboration with the private sector, is poised to launch its Compressed Natural Gas (CNG) initiative, marking a significant step towards reducing reliance on traditional fuels and promoting environmental sustainability. With President Bola Tinubu’s administration set to mark its first anniversary on May 29, the government is…

The Fund for Export Development in Africa (FEDA), Afreximbank’s impact investment arm, has made a significant investment in Bloom Africa Holdings Limited (BAHL), a regional financial services platform operating across West Africa. BAHL, through its subsidiaries operating as Bloom Bank Africa, provides full-service commercial banking solutions across Gambia, Sierra Leone,…

The highly anticipated fourth Bitcoin halving event took place on Friday, April 19th, 2024. But unlike the dramatic price surges seen in previous halvings, the immediate aftermath has been…well, uneventful. Let’s delve into what exactly happened and what it might mean for the future of Bitcoin. What is a Bitcoin…

In today’s digital age, we’re bombarded with content. From social media feeds to endless streaming platforms, consuming content is easier than ever. But have you considered the power and benefits of being a content creator? Here are 7 compelling reasons why investing your time and energy into creating content might…

Last week, we reported that Meta introduced Meta AI’, a powerful conversational AI chatbot, into WhatsApp in India and parts of Africa. Today, Meta AI has expanded into seven countries in Sub Saharan Africa including Nigeria, South Africa, Ghana, Uganda, Zambia, Zimbabwe and Malawi. Built with Llama 3, it is now…

Nigeria is poised to take a significant step in protecting its telecommunications infrastructure, with plans underway to criminalize the destruction of broadband fibre cables, according to reports from Bloomberg. This move comes in response to repeated complaints by MTN Nigeria Communications Plc and other telecom companies, who have reported significant…

MTN Group and Huawei have officially launched the Technology Innovation Lab at MTN Group’s headquarters, heralding a new era of collaboration in the digital realm. This venture, first unveiled during MWC 2024 with the signing of a Memorandum of Understanding, signals a strategic move to deepen their partnership, driving digital…

In a move that surprised many in the robotics industry, Boston Dynamics announced today, the retirement of its iconic humanoid robot, Atlas. Atlas, known for its impressive athletic abilities and parkour skills, was a pioneer in the field of bipedal robots. “At the time of its debut, Atlas was one…

Tesla, the pioneering electric vehicle (EV) manufacturer, is undergoing significant restructuring, according to an internal memo obtained by Reuters on Monday. The memo revealed plans to lay off more than 10% of its global workforce as the company grapples with declining sales and heightened competition in the EV market. CEO…

Bitcoin, the world’s most popular cryptocurrency, is gearing up for a critical event this April 2024: the halving. But what exactly is a halving, and how will it affect the value of Bitcoin that people already own? Bitcoin Halving Explained: Imagine a giant, digital gold mine. Every 10 minutes, miners…

Toyota Ventures, the venture capital arm of Toyota, is stepping up its game with two new $150 million funds aimed at boosting early-stage investments in groundbreaking technology and climate solutions. This move expands the firm’s total assets under management to over $800 million, reflecting its commitment to driving innovation and…

In a significant development for sustainable agriculture in Africa, tech titans Reed Hastings, co-founder of Netflix Inc., and Eric Schmidt, former CEO of Alphabet Inc., have thrown their weight behind SunCulture, a Nairobi-based solar irrigation startup. This move comes as part of a $27 million funding round that signals a…

In its latest Community Guidelines Enforcement Report for Q4, 2023, TikTok stated that it removed 176 million videos from its platform globally for violating its policies. For Nigeria, the Bytedance short video platform removed 1.7 million videos posted by Nigerian users during the same period. According to the report, TikTok…

Google has announced its latest addition to Google Workspace – Google Vids, a groundbreaking AI-driven video creation application designed for professional use. With Vids, anyone can effortlessly craft compelling stories through video, supported by its multifunctional capabilities as a writing, production, and editing assistant. Seamlessly integrated with Google’s suite of…

Verod-Kepple Africa Ventures (VKAV) has reached a significant milestone by closing its first fund at $60 million, paving the way to back up to 21 growth-stage companies across the continent. The latest funding round includes support from Nigeria’s SCM Capital, formerly Sterling Capital Markets Limited, along with other notable investors…

In Africa, where startups are increasingly driving the economic narrative, the ability to innovate within a tight budget is not just advantageous; it’s essential. The challenge of maintaining a technological edge while managing costs is a significant hurdle for many. Yet, with strategic planning and a focus on sustainability, startups…