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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.

OpenAI Launches Converge 2, Offering $15 Million to AI Startups

OpenAI has officially opened applications for the second edition of its six-week accelerator program, Converge 2, which is part of the OpenAI Startup Fund….

By: Wura Oba

Bitmama suspends deposits as customers complain of deposits not reflecting in their wallets

Bitmama suspends deposits as customers complain of deposits not reflecting in their wallets 

Bitmama customers who spoke to Technext said they were debited from their source accounts but the funds have failed to reflect…

By: IBK

Jumia’s strategic decision aligns with its quest for profitability, echoed in cost-cutting measures, workforce reductions, and a pivot to concentrate on viable segments within its e-commerce sphere. This recalibration by Jumia, the first tech startup with an emphasis on Africa to be listed on the New York Stock Exchange, highlights how the dynamics of the African tech ecosystem are changing and how sustainable growth is still being pursued. Just recently, Jumia Nigeria CEO Massimiliano Spalazzi stepped down from his role. The departure was revealed by the company in a media parley held in Lagos. Massimiliano took over as CEO in January 2020 just before the pandemic and was able to guide the company through the torrid times.

Jumia Food to exit Nigeria and six other African countries by end of 2023

Jumia, the prominent e-commerce entity in Africa, has unveiled plans to close its food delivery arm, Jumia Food, in seven countries, including Nigeria, Kenya, Morocco,…

By: IBK

El Salvador set to launch first-ever Bitcoin Bond in Q1 2024

El Salvador set to launch first-ever Bitcoin Bond in Q1 2024

Per reports on Tuesday, El Salvador’s protracted Bitcoin bonds are finally close to actualization, after receiving regulatory approval for an early 2024 issuance….

By: IBK

Final Details Await Trump-Xi Meeting Bessent noted that while the framework is in place, the final details of the deal will be determined during a scheduled meeting between U.S. President Donald Trump and Chinese Premier Xi Jinping on Friday. The outcome of the discussions could mark a turning point in both U.S.-China trade relations and the future of TikTok’s global operations, which have been closely watched by regulators, investors, and millions of users worldwide.

Beyond Traditional Channels: How TikTok empowers broadcasters in Nigeria to pioneer new shows

TikTok provides a dynamic and influential space for broadcasters to introduce new shows, create a buzz, and cultivate a following…

By: IBK

Kenyan e-commerce Copia Global raises $20m funding, appoints former Metaswitch CEO to board

Kenyan e-commerce Copia Global raises $20m funding, appoints former Metaswitch CEO to board

Kenya-based e-commerce and fintech hub Copia Global has enlisted John Lazar, the former CEO of Microsoft subsidiary Metaswitch, to its board following a successful injection…

By: IBK

FG warns MTN NG and IHS Towers against telecom disruption amidst collocation dispute

The Federal Government of Nigeria has issued a stern warning to telecommunications giants MTN Nigeria (MTN NG) and IHS Towers, cautioning against potential disruptions to…

By: IBK

Gov Sanwo-Olu says his govt has disbursed N500m to 40 Lagos-based startups

Gov Sanwo-Olu says his govt has disbursed N500m to 40 Lagos-based startups

Lagos State Governor, Babajide Sanwo-Olu, has announced the disbursement of over N500 million to 40 tech startups….

By: IBK

Google has launched its AI Skilling Blueprint for Africa, offering governments a structured policy guide to train AI talent. The initiative also includes $2.25 million to create trustworthy, AI-ready public data sets across the continent.

Google set to permit Crypto ads in January 2024 after 5-year ban

Google announced on January 29, 2024, that advertisers offering Cryptocurrency Coin Trust can now promote their products on the platform….

By: IBK

Legit.ng also made the top five most visited online news platforms for the quarter,

Legit.ng makes Top 10 Nigerian online news platforms grossing 250m impressions in Q3 2023

Legit.ng also made the top five most visited online news platforms for the quarter,…

By: IBK

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