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Friday, 16 October
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Friday, 16 October

Top News

Lesotho, UNDP Strengthen Partnership on Digital Transformation and AI Development
Kenya, France Partner on New Science and Engineering Complex at University of Nairobi
Ooredoo, du Partner on Landmark Subsea Cable Project to Boost UAE Digital Connectivity
Guinea Signs Deal for Second Submarine Fibre-Optic Cable to Expand Internet Capacity
Omantel Launches AI Centre of Excellence to Boost Oman’s Digital Innovation Ecosystem
Lesotho, UNDP Strengthen Partnership on Digital Transformation and AI Development
Kenya, France Partner on New Science and Engineering Complex at University of Nairobi
Ooredoo, du Partner on Landmark Subsea Cable Project to Boost UAE Digital Connectivity
Guinea Signs Deal for Second Submarine Fibre-Optic Cable to Expand Internet Capacity
Omantel Launches AI Centre of Excellence to Boost Oman’s Digital Innovation Ecosystem

News

Africa Innovation Watch provides unparalleled access to news stories and events shaping the African tech world today.

Conclusion Apple’s decision to hold down iPhone prices amid Trump tariffs reflects a strategic move to protect its market share while delivering stronger devices with enhanced features. The iPhone Air, iPhone 17, and iPhone 17 Pro position Apple to compete aggressively against global rivals, even as tariffs weigh on its bottom line.

Apple announces integration of ChatGPT into iPhones at Developers Conference 2024 

Device maker, Apple, has unveiled its AI strategy with the announcement of the much-expected integration of OpenAI’s ChatGPT into iPhones….

By: Wura Oba

Strong human technology: how LAPO survives Nigeria’s crunching digital lending space

The LAPO chief said the company has a strong human technology that helps with strong KYC…

By: IBK

Rwandan Central Bank set to launch digital currency in 2026- Deputy Governor

Rwanda plans to launch its Central Bank Digital Currency (CBDC) within the next two years. A…

By: IBK

Egyptian fintech Sahl raises $6 million in joint Seed and Series A funding round

Sahl has become a major player in the Egyptian fintech landscape, serving over 12 million customers monthly and 15 million households in Egypt…

By: IBK

Apple grossed $115.6 billion from iPhone sales in H1 FY 2024 alone…

iPhone reaches $1.97trn lifetime sales, contributes over 50% of Apple’s total revenue

Apple grossed $115.6 billion from iPhone sales in H1 FY 2024 alone……

By: IBK

South Africa’s takeover panel has mandated French media giant Groupe Canal+ SA to immediately extend a mandatory offer to acquire additional shares of pay-TV company MultiChoice, following Canal Plus’ attempt to purchase the remaining stake in the company. Despite Canal Plus already being the largest shareholder with a 35.01% stake, surpassing the 35% threshold triggering the mandatory offer, MultiChoice’s board rejected Canal Plus’ initial bid of 105 rand per share, deeming it significantly undervalued. According to the Takeover Regulations Panel (TRP) in its ruling: “Canal+ must take immediate action to comply with the requirements of.. the (Companies) Act and the regulations by making a mandatory offer to the remaining shareholders of MultiChoice.” Moving forward, Canal Plus contended that it was exempted from making a mandatory offer, citing restrictions in the streaming company’s memorandum of incorporation which limit foreign companies to a maximum of 20% of the broadcaster’s voting rights.

Nigerian Tribunal fines Multichoice N150m, one-month free DStv/Gotv subscription for users

Nigeria’s Competition and Consumer Protection Tribunal sitting in the country’s capital, Abuja has fined Multichoice Nigeria the total sum of N150 million for challenging the…

By: IBK

“I use TikTok to dispel negative stereotypes about Africa and educate people about what an amazing place it is. I use my platform to not only entertain but spread awareness on the beauty of African culture and its people,” said Charity Ekezie. Charity will partner with the Paradigm Initiative, an NGO that works to connect underserved young Africans, empower them with crucial digital, life, and business skills, and ensure the protection of their rights. Their programmes include Life Skills, ICT, Financial Readiness, Entrepreneurship (LIFE) training, and other digital rights programs. “At Paradigm Initiative, we are constantly looking to explore creative ways to communicate the great work we do to protect and promote digital rights and inclusion in Africa. We strongly believe that this opportunity brings life to that aspiration“, said Adeboye Adegoke, Senior Manager, of Grants & Programs Strategy, at Paradigm Initiative

Nigerian content creator, Charity Ekezie named as one of 50 beneficiaries of TikTok’s $1M grant for Social Impact

Charity will partner with the Paradigm Initiative, an NGO that works to connect underserved young Africans, to empower them……

By: IBK

Binance recorded a turnover of $20 billion in 2023 alone

Binance generated 20bn from Nigeria in 2023, larger than health and education budget- Minister

Binance recorded a turnover of $20 billion in 2023 alone…

By: IBK

Zone’s PoS Payment Gateway brings a comprehensive payment processing solution to Banks and Fintechs that deploy PoS payment terminals.

Zone launches decentralized PoS payment gateway to eliminate failure points and chargeback fraud

Zone’s PoS Payment Gateway brings a comprehensive payment processing solution to Banks and Fintechs that deploy PoS payment terminals….

By: IBK

Nigeria’s Minister Dr. ‘Bosun Tijani unveils N-ATLAS, a multilingual, open-source AI model digitizing Nigerian languages and placing Africa at the forefront of global artificial intelligence.development Recognition of Africa’s growing AI talent and ecosystem As Minister, Tijani has championed policies to strengthen Nigeria’s digital economy, encourage AI-driven innovation, and build a future-ready workforce.

Nigeria to establish startup house in San Francisco- Minister Tijani

the San Francisco Bay Area and the nearby Silicon Valley have “a combined GDP value of just over $929 billion and are home to over…

By: IBK

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