Kenya’s dedication to upscaling its youths is wonderful to behold. This is evident in the recent Connected Summit Africa 2024 that took place in Nairobi. Two major announcements at the Summit reveal the desire and plans the country has for…
Moove, the Nigerian mobility financing company, has achieved a great feat by falling among the top 10 financial technology companies that raised the most funding in the first quarter of 2024. Note that the ride financing company didn’t come close…
HyperionDev, an African Edtech start-up, has secured a $5 million fund to further expand its operations in Africa. The partners behind the funding have not yet been disclosed. The company only emphasized that the combined funding attracted 23 investors from…
Finally! The SME Growth Lab Africa application is now open for this year. The SME Growth Lab Africa (SGLAfrica), a Digital Accelerator Program, is designed to empower business owners with digital skills, and knowledge. Additionally, it fosters mentorship and community…
WhatsApp has introduced a new feature that organizes chats, which makes it more convenient to use. Over the past few weeks, the company has tested a couple of features, including AI Integration and status update notification. WhatsApp New Unique Feature…
Meta AI, the parent company of Facebook and Instagram, has introduced a new AI feature on WhatsApp, one of its subsidiaries. The features allow users to generate images and videos within their chats. Meta AI Still in Testing State When…
Kenya has taken steps to regulate the Chinese platform, TikTok, instead of banning it. The Kenyan government has now demanded quarterly compliance reports from TikTok detailing the content removed and the reasons behind it. The action aims to address concerns…
Equity Bank, one of Kenya’s largest financial institutions, has been hit by a debit card fraud scheme. This led to the theft of approximately $2.1 million (KES 179.6 million) from numerous accounts. The breach has sparked a major investigation by…
The South African International Trade Administration Commission (ITAC) has been affected by the latest cyberattacks by hackers. The cyberattack on the commission happened in January 2024. It led to the exposure of the personal information of stakeholders. ITAC Hacked By…
Nigerian banks, under CBN, are facing a capital rearrangement and have predicted plans to raise about $3.03bn (N3.46tn) in fresh capital. In March, the Central Bank (CBN) significantly raised the minimum capital requirement, especially for international commercial banks, which now…
