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Telecom Operators Drive 4G and 5G Adoption in Nigeria through Infrastructure Investments
Telecom giants MTN and Airtel are spearheading substantial infrastructure investments in Nigeria, resulting in a rapid transition of more Nigerians to 4G and 5G networks. MTN Nigeria's CEO, Karl Toriola, shared in a recent investor call that the company has experienced a 2.7% surge in the number of 4G sites, pushing the 4G adoption rate
Ghana Mourns the Loss of Deputy Finance Minister John Kumah
Ghana is in mourning following the untimely death of Deputy Finance Minister John Kumah. The 45-year-old lawmaker passed away in the early hours of Thursday in Germany, where he had been undergoing medical treatment for an undisclosed period. Sources close to the family confirmed the tragic news to private media house TV3 on Thursday, March
Griffin Bank Secures Banking License and Raises $24 Million in Extended Series A Round
UK-based Griffin Bank, founded by former Silicon Valley engineers David Jarvis and Allen Rohner, has recently obtained a banking license approximately one year after initiating the application process. This significant development signifies approval from the UK's financial services regulators, the Prudential Regulation Authority (PRA), and the Financial Conduct Authority (FCA), allowing Griffin Bank to transition
Microsoft Faces Ongoing Threat as Russian Hacking Group Expands Attacks
In a recent revelation, Microsoft has disclosed an alarming escalation in the activities of a Russian state-sponsored hacking group known as Midnight Blizzard. Initially identified by Microsoft in January, this group has extended its unauthorized access, attempting to compromise the company's source code and internal systems, leveraging sensitive data stolen from Microsoft executives. Midnight Blizzard,
S Mobile Group Founder, Kingsley Adonu, Plans to Launch S Mobile Tech Hub in Enugu State
Kingsley Adonu, a distinguished serial entrepreneur and the founder/chairman of S Mobile Group, has recently announced groundbreaking plans to establish an innovation center in Enugu State, named the S Mobile Tech Hub. This visionary initiative is part of S Mobile Group's corporate social responsibility (CSR) efforts, aiming to foster skills development, youth entrepreneurship, and job
ITU Secretary-General has appointed inaugural Youth Advisory Board
Doreen Bogdan-Martin, Secretary-General of the International Telecommunication Union (ITU), has revealed to Business Tech Africa that it has announced the formation of her first Youth Advisory Board composed of 12 young digital experts and innovators aged 18 to 30. Representing different regions spanning the globe, these entrepreneurs, policy-makers, researchers and scientists will combine their expertise in
Rivian's Strategic Shift: Unveiling the Affordable R2 Electric SUV Amidst Business Challenges
When RJ Scaringe embarked on building Rivian Automotive Inc., his vision excluded a paint shop and stamped metal, aiming for cost-effective production in an industry dominated by corporate giants. However, Rivian's journey took an unexpected turn, resulting in the launch of high-end trucks — the R1S SUV and R1T pickup. Despite financial challenges and recent
Vodacom South Africa and Microsoft Collaborate to Provide Free Digital Training on Mzansi Digital Learning Platform
Vodacom South Africa has joined forces with Microsoft South Africa to offer complimentary access to digital training courses through the zero-rated Mzansi Digital Learning platform. The Mzansi Digital Learning platform will be hosted on Vodacom’s innovative NXT LVL rewards platform and seamlessly integrated into ConnectU, Vodacom’s zero-rated platform that grants customers access to content without
LinkedIn's Premium Subscription Business Achieves $1.7 Billion in 2023 Revenue Amidst AI Tools Uptake
LinkedIn has revealed its premium subscription business revenue for the first time, reaching an impressive $1.7 billion in 2023. This disclosure follows a surge in the adoption of new artificial intelligence (AI) tools within the platform. Since its acquisition by Microsoft in 2016, LinkedIn had not provided a detailed breakdown of its financial performance. However,
HONOR Set to Lead Foldable and AI Technology in Smartphone Industry
The recently concluded Mobile World Congress (MWC) 2024 in Barcelona, where AI took the spotlight, showcased the cutting-edge innovations driving the global smartphone industry forward. Among the leading innovators was global technology brand HONOR, who reaffirmed its commitment to shaping the future of technology with groundbreaking advancements in foldable and AI technology and solidified itself
Lenovo's Vision for the Future: PCs and AI in Harmony
Leading the charge into a future where artificial intelligence (AI) and human creativity seamlessly integrate are multinational technology giants. Among them, Lenovo, a prominent player in device manufacturing, not only showcases innovation but stands out as a trailblazer in advancing AI-driven solutions to redefine our interactions with technology. Presently, it holds a position in the
African Banks Secure Top Spots in Brand Finance's Global Ranking
Four African banks, namely Equity Bank, First National Bank (FNB), Kenya Commercial Bank (KCB), and Capitec, have achieved positions among the top five strongest banks globally, according to the latest Brand Finance most valuable brand list. Additionally, Capitec secured the seventh spot on this prestigious list. The report from Brand Finance, a leading brand valuation
Telegram Introduces Business Accounts with Subscription Fee for Enhanced Features
Telegram founder Pavel Durov revealed on Wednesday that users can now convert their personal accounts on the messaging app into business accounts by subscribing to a monthly fee. This move allows users to include business-related information such as location and opening hours, catering particularly to small cafes and shop owners. The newly introduced business account
TotalEnergies and QatarEnergy to Acquire Stake in Offshore Oil and Gas Licence in South Africa
TotalEnergies and QatarEnergy have announced their joint acquisition of a stake in a licence for oil and gas exploration off the coast of South Africa. The French energy company will purchase a 33% stake in the offshore block 3B/4B, covering an area of approximately 18,000 km2, while QatarEnergy will hold a 24% stake. The remaining
NEC XON Urges Password Changes Following CIPC Data Breach
Cybersecurity specialist NEC XON is advising users affected by the recent data breach at the Companies and Intellectual Property Commission (CIPC) to change their passwords and enable multi-factor authentication for online services, according to Tech Central. NEC XON discovered over 140 compromised credentials from the CIPC breach available on the dark web. Armand Kruger, Head
Mastercard and Fintech SAVA Join Forces to Empower SMMEs Across Africa with Digital Solutions
Mastercard, in collaboration with Johannesburg-based fintech firm SAVA, is set to revolutionize payments technology and infrastructure for small, medium, and micro enterprises (SMMEs) in South Africa, Nigeria, Kenya, and Egypt. The partnership aims to provide SMMEs with an online platform fueled by SAVA's Payment Transaction System, offering digital bank accounts and integration tools for accounting.
Zambia Initiates Free Wi-Fi Expansion at Key Public Facilities
Zambia is set to provide free Wi-Fi connectivity at major public facilities, including international airports, shopping malls, and bus terminals. The initiative is propelled by the Zambia Research and Education Network (ZAMREN) through the Eduroam programme. ZAMREN, a specialized internet service provider with a focus on catering to the needs of research and education, is
EMURGO Launches EMURGO Labs to Drive Web3 Development in Africa, the Middle East, and GCC
EMURGO, a venture financing firm, has unveiled EMURGO Labs, a dedicated development hub aimed at advancing Web3 technologies across Africa, the Middle East, and the Gulf Cooperation Council (GCC). EMURGO Africa, with a focus on implementing the Cardano blockchain and other Web3 technologies in the region, introduces EMURGO Labs as a pivotal entity for the
Kenya Strengthens Digital Transformation Partnership with South Korea for Konza Technopolis Development
In a strategic move to advance its digital transformation agenda, Kenya has renewed collaboration with South Korea as part of the third phase of the Economic Innovation Partnership Programme (EIPP). This collaboration, facilitated in partnership with the Korea Trade Investment Promotion Agency, focuses on the development of Konza Technopolis, often referred to as Kenya's Silicon
UK's Advanced Secure Technologies Expands to Cape Town to Combat Academic Degree Fraud in South Africa
Advanced Secure Technologies (AST), a UK-based firm specializing in digital certification verification, is establishing a presence in Cape Town to tackle the escalating issue of academic degree fraud in South Africa. AST's Digital Certificates Websecurity platform utilizes blockchain, QR codes, and watermarks to ensure the secure issuance, management, and verification of educational certificates. The platform