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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.

This is part of the government’s desperate efforts to stem the freefall of the national currency, the naira

Naira free fall: Nigerian authorities finally ban access to crypto exchanges

This is part of the government’s desperate efforts to stem the freefall of the national currency, the naira…

By: IBK

Now, the country will add stablecoins as a particular type of crypto. This development, which is seen as a digital disruption, has been exemplified in East Africa where blockchain technology facilitated access to global markets for remote populations. In July 2023, agric technology companies, Dimitra and One Million Avocados (OMA) collaborated to empower Kenyan avocado farmers with advanced technologies, including blockchain, to enhance production and quality.

South Africa targets stablecoin and blockchain use cases in 2024 budget review

As part of its initiative to promote digital payments, South Africa, in its annual budget, has unveiled the Treasury’s strategy to advance the adoption of…

By: IBK

Global transformational household products and affordable finance for low-income households provider, d.light has announced the closing of a landmark USD$7.4 million (N10 billion) securitized financing facility.

d.light, Chapel Hill Denham announce $7.4m fund for off-grid solar expansion in Nigeria

Global transformational household products and affordable finance for low-income households provider, d.light has announced the closing of a landmark USD$7.4 million (N10 billion) securitized financing…

By: IBK

This significant recognition signifies the SPARK 20 Pro+’s outstanding performance in the international design arena

TECNO SPARK 20 Pro+ clinches two French Design Awards

This significant recognition signifies the SPARK 20 Pro+’s outstanding performance in the international design arena…

By: IBK

uLesson slashes subscription prices by 50% to help Nigerians cushion against economic hardship

Sim Shagaya, the Founder and CEO of the popular digital learning platform, uLesson, has announced the slashing of subscription prices on its app by 50…

By: IBK

e-gates work through biometric verification

FG commences installation of e-gates at international airports to check harassment by immigration officers

e-gates work through biometric verification…

By: IBK

FairMoney, a digital digital bank headquartered in Paris and based in Lagos, is in early-stage discussions for a $20 million all-stock acquisition of Umba, a credit-focused digital bank operating in Nigeria and Kenya.

FairMoney explores $20m all-stock acquisition of Umba to expand presence in Nigeria and Kenya

FairMoney, a digital digital bank headquartered in Paris and based in Lagos, is in early-stage discussions for a $20 million all-stock acquisition of Umba, a…

By: IBK

Google will pay $40 million to support South Africa’s struggling news industry after a Competition Commission probe accused the tech giant of dominating digital advertising and disadvantaging local publishers.

Google Infrastructure Specialisation will not lead to additional costs for clients- Deimos CEO Andrew Mori

Founder and CEO of Deimos, a leading cloud-native company, Andrew Mori has assured users that the company’s latest feat of achieving the Google Infrastructure Specialisation…

By: IBK

One of the important conversation points was debt and the proliferation of loan apps. According to the report, almost 4 in 10 Nigerians are in debt…

PiggyVest hosts ecosystem leaders’ roundtable on the Nigerian financial landscape

One of the important conversation points was debt and the proliferation of loan apps. According to the report, almost 4 in 10 Nigerians are in…

By: IBK

Elon Musk and X formerly known as Twitter have agreed to pay a fair settlement to the former employees in its African office in Ghana after they were laid off in November 2022

X agrees ‘fair settlement’ for former employees in Ghana 7 months after $500m lawsuit

Elon Musk and X formerly known as Twitter have agreed to pay a fair settlement to the former employees in its African office in Ghana…

By: IBK

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