Author: Smart Megwai

The Corporate Affairs Commission (CAC) of Nigeria, in a move to enforce regulatory compliance and maintain financial sector stability, has issued a stern warning to 4,173 Bureau De Change (BDC) companies whose operating licenses were revoked by the Central Bank of Nigeria (CBN). The ultimatum, delivered in a public notice…

President William Ruto is set to address the nation, today, Thursday, at 2 p.m. local time, amidst a mounting political crisis triggered by widespread protests against proposed tax increases. The address, announced by a spokesperson via Reuters, comes after the government’s decision to scrap the controversial finance bill, a move…

The United Nations Development Programme (UNDP), in a bold move to ignite Africa’s tech revolution, has launched a cutting-edge fintech hub at its innovation center in Lagos, Nigeria. This landmark initiative is part of the UNDP’s ambitious $1 billion commitment to foster and accelerate the growth of technology startups across…

The Nigerian Computer Emergency Response Team (ngCERT) has issued an urgent warning regarding a significant increase in ransomware attacks targeting the nation’s critical cloud service providers. The primary perpetrator of these attacks is the Phobos ransomware group, a sophisticated cybercriminal organization known for its ransomware-as-a-service (RaaS) model. Phobos operates by…

WhatsApp is taking a significant step towards enhancing user experience by introducing a new feature that transcribes voice messages into text. This innovative feature, currently available to select beta testers, aims to revolutionize how users interact with audio messages, offering increased accessibility and convenience. WABetaInfo, a trusted source for WhatsApp…

The Federal Government of Nigeria has unveiled a new bill aimed at bolstering the nation’s burgeoning digital economy. The bill, titled the National Digital Economy and e-Government Bill, is a comprehensive legislative framework designed to foster innovation, investment, and growth in the digital sector. It seeks to create an enabling…

The GSMA, the World Bank Group, and a coalition of international organisations and industry leaders have joined forces to tackle a critical barrier to digital inclusion: handset affordability. Recognising that the cost of mobile devices often hinders access to the digital world for low-income populations, this new initiative aims to…

On Friday, July 5th, leading fintech company Payaza marked a significant milestone with a comprehensive rebranding, unveiling a new logo and a renewed vision for the future. The launch event, held at The Hall in Lagos State, provided a platform for the company to showcase its journey, achievements, and ambitious…

Cybersecurity firm Kaspersky has identified a concerning rise in advanced persistent threats (APTs) targeting African organisations, particularly those in the government, energy, and telecommunications sectors. According to Kaspersky’s intelligence, nine active threat actors are currently operating in the region, deploying sophisticated tactics to infiltrate networks and exfiltrate sensitive data. APTs…

Nigerian fintech company, Africhange, has announced its strategic expansion into the United Kingdom, bringing its global remittance services to a new market. The move is a significant step in the company’s mission to provide efficient, cost-effective, and reliable cross-border money transfer solutions to the African diaspora. Having established a strong…

Stitch, a leading payment service provider (PSP) in South Africa, is making waves in the digital payment landscape once again. Building on their November last year, launch of “Pay With Crypto,” which allowed customers to pay with cryptocurrency, Stitch is now expanding its offerings to include support for Apple Pay,…

WhatsApp, the popular messaging platform owned by Meta, is reportedly experimenting with an innovative AI-powered selfie generator tool called “Imagine Me.” This feature, currently being tested in the beta version of WhatsApp for Android, leverages Meta’s AI capabilities to create personalised images based on user prompts. According to WABetaInfo, a…

X, formerly Twitter, is reportedly experimenting with a downvote option for post replies, potentially marking a return of a feature that was briefly tested in 2021. The speculation arose from a tweet by @XDaily, a prominent X news source, hinting at the possibility of the platform bringing back the downvote…

The International Telecommunications Union (ITU), the United Nations specialised agency for informationand communication technologies (ICTs), has announced a significant initiative aimed at bolstering digital transformation across Africa. Nigeria, along with 10 other African countries, has been selected to benefit from a €15 million broadband mapping project. This project, funded by…

Accelerex, a leading African fintech company and one of the continent’s fastest-growing businesses according to the Financial Times, has unveiled a groundbreaking “Pay with Fingerprint” solution in Nigeria. This pioneering technology allows bank account holders to securely and conveniently make payments using their fingerprints on biometric-enabled Point of Sale (PoS)…

South African cleantech startup SeaH4 is making waves in the sustainable energy sector with its innovative approach to biofuel production. Harnessing the power of seaweed and cutting-edge technology, SeaH4 is developing a groundbreaking solution to replace fossil fuels at scale. The company’s process involves farming fast-growing seaweed in ponds along…

Tech giants Apple and Microsoft are forging a powerful alliance in the realm of artificial intelligence. Apple has reportedly secured an observer role on OpenAI’s board, joining Microsoft, a major investor and collaborator of the AI research organization. This landmark development, as reported by Bloomberg, places both tech titans at…

Telegram, the privacy-focused messaging app, is broadening the horizons of its recently launched digital currency, Stars. Initially introduced for in-app purchases within mini-apps, Stars are now being extended to paid content, allowing channel owners to monetize their photos, videos, and posts. This strategic move not only opens up new revenue…

Kenya, with its vibrant economy, growing middle class, and strategic location in East Africa, presents a promising landscape for entrepreneurs and investors. The World Bank’s Doing Business report consistently ranks Kenya among the top countries in Africa for ease of doing business, making it an attractive destination for both local…

In Africa’s rapidly evolving tech landscape, internships have become a sought-after entry point for aspiring professionals. After completing training programs in fields like business analysis and product management, many eager learners jump into internships, expecting to solely focus on absorbing more knowledge. However, internships are not just extended classrooms; they…