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MTN, NGX, and Nigeria Exchange Limited to help Promote financial literacy
MTN Nigeria Communications Plc, NGX, and Nigeria Exchange Limited have announced that they have signed a Memorandum of Understanding in an effort to advance financial literacy and to help enhance retail participation in the Nigerian capital market. “In building on our rich heritage as the first and foremost multi-asset securities exchange in Nigeria we are
Kulula and British Airways resume flights in South Africa
Kulula and British Airways are resuming flights on Thursday after the South African Civil Aviation Authority (SACAA) reinstated Comair’s Air Operator’s Certificate. SACAA suspended Comair’s certificate on Saturday, 12 March 2022, resulting in the grounding of all Kulula and British Airways flights for five days. The authority said that the airlines’ experienced concerning occurrences ranging
Rain to make more than R1 billion
Rain is on track to exceed its budgeted R1 billion earnings before interest, taxation, depreciation, and amortisation for the year ended February 2022. This is according to African Rainbow Capital’s interim results for the six months ended 31 December 2021. “This achievement is viewed as exemplary considering that Rain achieved breakeven only in the last
Ericsson, SmarTone launch mobile app to boost 4G/5G connectivity for end-users
Ericsson targets a market made up of billions of consumers and business-users globally with an end-user-ready application that boosts mobile connectivity when it is needed most – ensuring optimal mobile experiences. Called Ericsson Dynamic End-user Boost, the solution will be introduced to the enterprise and consumer markets through communications service providers (CSPs) and can be used
Huawei improves Petal Maps for offline navigation
Huawei, one of the world’s largest technology providers, is optimizing its travel and navigation experience with enhanced features on Petal Maps. Following its rollout across the Middle East and Africa during the second quarter of 2021, the app is now available for users with a limited, weak, or non-existent internet signal, as they can download
Skillsoft and iamtheCODE to help train women coders
Skillsoft, a global leader in corporate digital learning, has announced a strategic initiative with iamtheCODE, the first African-led global movement to mobilize government, private-sector, and philanthropic foundations to advance STEAMED education for women and girls in marginalized communities. The partnership is designed to support iamtheCODE’s mission to train 1 million women and girl coders worldwide by
Telkom announces mPOS solution for SMEs
Telkom has announced the launch of its mPOS (mobile point-of-sale) solution that is catered towards small, medium, and micro-businesses. “The Covid-19 pandemic has accelerated the need for businesses to digitise their operations and become fully immersed in the digital economy. The app will enable businesses, who normally only take cash payments, to reach a wider customer base.
NFTs will be on Instagram soon, according to Mark Zuckerberg
Mark Zuckerberg said that Meta would add NFTs to Instagram, according to Engadget and The Daily Beast. While he didn't describe exactly what that would look like, he said during a session at South By Southwest that "over the next several months, the ability to bring some of your NFTs in, hopefully over time be able to mint things within that
Microsoft invests in Ethereum co-founder’s blockchain company
Microsoft Corp., Temasek Holdings Pte and SoftBank Group Corp. invested in Ethereum co-founder Joseph Lubin’s blockchain-technology company ConsenSys Inc. at a $7 billion valuation, more than twice what it was valued at in November. ConsenSys raised $450 million from the three giants and existing backers including Dan Loeb’s Third Point in a Series D funding
South Africa sees a surge in contactless payments via smart devices
16 March 2022 – FNB says South African consumers and businesses are increasingly using smart devices to make contactless tap-to-pay payments. According to FNB, its retail and commercial clients processed in excess of R4.2 billion in contactless payments via smart devices in 2021, compared to just R640 million in 2020. The average monthly spend has soared
Vodacom’s R1 billion Western Cape investment
Vodacom Western Cape has spent more than R1 billion to install 88 base station sites in its region over the past financial year, the mobile operator has announced. The investment includes building 38 new 3G and 4G enabled base station sites, including 16 in townships and six in rural communities, and implementing LTE capacity upgrades
9mobile enables free falls and sms to Ukraine
In a recent announcement, 9mobile has disclosed that they have enabled free international calls to Ukraine from Nigeria in an attempt to help the people stay connected in light of the Russia-Ukraine conflict. “We know thousands of Nigerians, mostly students, are still in Ukraine amidst the ongoing conflict, and their families back here are worried.
How Africa can adopt renewable energy on a massive scale and save billions along the way
When it comes to building the future of energy in Africa, the decisions facing the continent’s leaders today are nothing less than of historical importance. More than anything else, energy systems are the very fabric of business and society. Countries across Africa want to make good on their objective of building huge amounts of new
The rise of women in African farming
For its production and brewing activities, AB Inbev depends on high-quality agricultural crops from thriving communities and healthy ecosystems. Taking a farmer-centric approach in its commitment to supporting sustainable agriculture supply chains, AB Inbev, through its agronomists, researchers and partners, pursues its goal that 100% of direct farmers are skilled, connected and financially empowered by
Moove raises $105M to scale its vehicle financing product across Asia, Europe and MENA
Moove, an African mobility fintech that provides vehicle financing to drivers of ride-hailing platforms like Uber and other gig networks, has raised $105 million in new Series A2 financing. Existing investors Speedinvest, Left Lane Capital and thelatest.ventures (the first two are lead investors from its Series A) led this round, shared between $65 million equity
Reggie Fils-Aimé doesn’t believe in Meta’s verse
Reggie Fils-Aimé (who led Nintendo of America before Bowser took over) isn’t impressed with the company formerly known as Facebook, or its idea of the metaverse. He lobbed a few fireballs in Mark Zuckerberg’s direction during an interview with Bloomberg’s Emily Chang at South by Southwest over the weekend, saying that Meta isn’t innovative and that it bought or copied
Facebook to be prosecuted in South Africa for abusing its dominance
South Africa’s Competition Commission says that Meta Platforms, formerly Facebook, tried to unfairly block local startups GovChat and #LetsTalk from using its WhatsApp Business API. Facebook also imposed, and selectively enforced, exclusionary terms and conditions regulating access to the WhatsApp Business API, mainly restrictions on the use of data, the Commission said. For these reasons,
Airtel Nigeria upgrades its network infrastructure
Airtel Nigeria has announced that they have upgraded their network infrastructure in an attempt to elevate the mobile network and data experience. “Airtel is focused on ensuring that customers continue to enjoy the best experience on the network. We are committed to taking mobile broadband everywhere including the remotest rural location in the country. Our
Eskom ends load-shedding early
Eskom has announced that it will suspend load-shedding at 20:00 on Sunday, 13 March 2022. The South African power utility said that it had recovered generation capacity sufficient to end the scheduled power cuts before it had originally expected. Eskom said that total unplanned breakdowns had been reduced to 12,422MW, while planned outages due to
Kulula and British Airways flights suspended
South Africa’s Civil Aviation Authority (SACAA) has suspended Comair’s Air Operator Certificate privileges indefinitely, as the regulator still needs to review evidence that it is safe for the airline to resume flights. Comair operates Kulula and British Airways in South Africa. Its licence is suspended until it addresses the SACAA’s findings, the regulator stated. According