In its latest report, NewsGuard, a platform committed to combating misinformation, has unveiled a startling surge in the number of websites utilising AI-generated content to proliferate fake news, reaching a staggering 713 as of February 22, 2024. The report sheds light on the concerning trend, revealing that a majority of…
Author: Smart Megwai
The United Nations Economic Commission for Africa (ECA) in partnership with the Botswana Ministry of Foreign Affairs have introduced a performance dashboard system aimed at bolstering Botswana’s digital agenda. The online platform was officially launched by Botswana’s Minister of Foreign Affairs, Lemogang Kwape, in Gaborone. The performance dashboard system, according…
A notable cohort of tech magnates, including billionaire Jeff Bezos and Nvidia, has plunged into the realm of human-like robots, signaling a fresh exploration of artificial intelligence (AI) applications. According to Bloomberg News, Jeff Bezos, founder of Amazon.com, and Nvidia are among the investors backing Figure AI Inc., a startup…
Yesterday witnessed a gathering of industry leaders and innovators at the LANDMARK EVENT CENTRE in Lagos, Nigeria, for the highly anticipated InnovateAI Conference. The event, in partnership with Innovation Village as a media partner, centered around the theme “Adapting AI for Nigeria – Creating Intelligent Solutions for a Unique Landscape.”…
The Central Bank of Nigeria (CBN), guided by its constitutional roles and functions, recently issued directives significantly impacting the cryptocurrency market. According to the CBN Act of 2007, the bank holds responsibilities for overall control and administration of monetary and fiscal sector policies. On February 3, 2024, the CBN directed…
Recent days have seen a substantial surge in global interest in Worldcoin, a cryptocurrency token intricately tied to Sam Altman’s pioneering digital ID project. A study conducted by CoinJournal, based on Google Trends data, reveals that Kenya has emerged as a focal point of enthusiasm, showcasing notably higher curiosity among…
The Nigerian Communications Commission (NCC) has issued a cautionary advisory to telecommunications operators in Nigeria, urging them to fortify their risk management strategies in anticipation of the transition from the current 5G technology to future generations, including 6G and 7G. Dr. Aminu Maida, the Executive Vice Chairman of the NCC,…
Silicon Valley-based startup Ocular AI, co-founded by Micheal Moyo and Louis Murerwa, has secured a spot in the prestigious Y Combinator Winter 2024 batch. This recognition adds another achievement to Ocular AI’s journey, offering a platform designed to enhance workplace efficiency by consolidating various tools, data, and SaaS applications into…
Africa’s startup ecosystem has been a focal point for innovation and growth in recent years. From fintech to agritech, entrepreneurs across the continent have been making significant strides. One crucial aspect that shapes the trajectory of these startups is the concept of exit events – strategic milestones that signal success…
Hatem Dowidar, former CEO of Vodafone Egypt and current Group CEO of Emirates Telecommunications Group (e&), has been appointed as a non-executive director to the Vodafone Group board. The announcement comes after Vodafone Group and e& entered into a strategic relationship agreement in May 2023. Dowidar, with a remarkable 30-year…
In response to the prevailing economic difficulties faced by many Nigerians, uLesson has announced a significant reduction in its software subscription prices. The popular digital learning platform revealed the move in a blog post today, emphasising the company’s commitment to ensuring quality learning remains accessible during challenging economic times. The…
3.0 Verse, a prominent Web 3 company headquartered in India, has officially expanded its operations to Africa, marking its entry into the continent with a launch in Nigeria. The company simultaneously announced a strategic partnership with the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN) during a ceremony held at…
The Tanzanian Ministry of Community Development, Gender, Women, and Special Groups has taken a significant step towards safeguarding children in the digital realm by establishing a national advisory council and launching the Child Online Protection (COP) campaign. This initiative aims to raise awareness about the various cyber threats faced by…
The United Nations World Economic Situation and Prospects (WESP) report for 2024 reveals a slight upswing in Nigeria’s growth rate, projected to rise from 2.9% in 2023 to 3.1% in 2024. This positive trajectory is not exclusive to Nigeria, as the report indicates a continent-wide growth rate increase from 3.3%…
Cisco Systems, a leading technology innovator based in Johannesburg, South Africa, has revealed plans to streamline its operations by laying off more than 4,000 employees, constituting 5% of its global workforce of 85,000. This move follows earlier speculations, reported two days prior, that Cisco could announce layoffs as early as…
Today, renowned startup accelerator institution Y Combinator declared an open call for innovative startups as it kickstarts its YC Summer 2024 batch. In a significant update, the institution released a revamped “requests for startups” list, showcasing its eagerness to fund ideas in emerging sectors, including robotics and stablecoin finance. The…
MasterCard, a leading digital payments and technology company, proudly announces the appointment of Folasade Femi-Lawal as the Country Manager and Area Business Director for West Africa. With an impressive career spanning over 25 years in the financial and digital banking sector, Femi-Lawal is entrusted with steering MasterCard’s vision, fostering innovation,…
Carbon, the Pan-African fintech startup, has successfully acquired Vella Finance, a Nigerian fintech startup focused on SME banking. The undisclosed acquisition, executed through Carbon’s parent company, One Credit Limited, positions Vella Finance as Carbon’s business banking product, now rebranded as “Carbon Business”. Vella Finance, founded in December 2021 by Mark…
Tingbi Africa, a prominent technology solutions provider, has marked a significant milestone with the inauguration of its new office in Cape Town, South Africa. This expansion underscores Tingbi Africa’s commitment to broadening its regional footprint, complementing existing offices in Johannesburg and Nairobi, Kenya. Strategically situated on Kloof Street, the newly…
Moniepoint Inc. and NITHub Unilag are pleased to announce the commencement of applications for the second cohort of the HatchDev program, designed to cultivate the next wave of highly skilled software engineers in Nigeria. This strategic initiative aligns seamlessly with the Ministry of Communications, Innovation, and Digital Economy’s commitment to…