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Nigeria's Central Bank Tightens Grip on Fintech companies
The Central Bank of Nigeria (CBN) has reportedly issued directives to leading fintech firms, including Moniepoint, OPay, Kuda Bank, and Palmpay, instructing them to suspend new account openings. This move follows the recent freezing of 1,146 bank accounts allegedly involved in unauthorized forex transactions, marking a concerted effort to curb illicit financial activities. As of
Nelson Mandela University empowers Students with Coding and Robotics Education
In South Africa, the drive to foster interest in Science, Technology, Engineering, and Mathematics (STEM) fields among young learners has led to the development of innovative platforms aimed at igniting curiosity and inspiring future careers in the STEM sector. One such platform is the initiative for launching careers in Science and Technology, which serves as
Microsoft Bolsters Security Measures with New Appointments Due to Cyberattack Concerns
In an effort to fix the mounting concerns over cybersecurity vulnerabilities, Microsoft Corp. has announced plans to fortify its product groups by appointing security chiefs. This strategic move aims to enhance resilience against hacking incidents following criticism levelled against the company for its handling of several serious cyberattacks. Microsoft revealed that it will be integrating
Google Urges Judge to Reject Epic Games' Proposed Changes to Play Store
In the ongoing antitrust showdown between Google and Fortnite maker Epic Games, the tech giant has vehemently opposed sweeping changes proposed by Epic Games for its Play store. Google filed its response late on Thursday in San Francisco federal court, contesting Epic's bid to overhaul app downloads and payment policies on Android devices. Last year,
City of Cape Town Awards Tender for First Solar Plant to Combat Load-Shedding
The City of Cape Town has taken a significant step towards energy sustainability with the awarding of a tender for its inaugural solar plant, the Atlantis Solar Photovoltaic Plant. Scheduled to begin construction in August, this landmark project marks a pivotal moment in the city's efforts to combat load-shedding and reduce carbon emissions from municipal
Nodle and Watu Revolutionize Motorcycle Taxi Tracking in East Africa with Blockchain Technology
Boda bodas, the ubiquitous motorbike taxis of East Africa, are not just a mode of transportation but a lifeline for many in bustling cities like Nairobi, Kampala, and Dar es Salaam. Now, this vital industry is on the verge of transformation with the integration of blockchain technology for real-time tracking, funded by Watu, an asset
Apple's Quarterly Results Exceed Expectations with Record Stock Buyback Program
Apple Inc. stunned investors on Thursday as it surpassed modest expectations with its quarterly results and outlook, revealing a record share buyback program. The announcement propelled its stock by 6% in extended trading, showcasing the company's resilience despite challenges in the global smartphone market. The tech giant unveiled plans to increase its cash dividend by
Major players, like Amazon, have established a standard for delivery times
One of the major reasons big-name online retail stores like Amazon enjoy the market share they do is because of the speeds at which they deliver. In 2023 the company delivered goods to members using its Prime service at faster-than-ever speeds globally, with seven-billion items arriving either on the same or next day. These are
WhatsApp rolls out a new feature to simplify event organization in Communities
WhatsApp has unveiled a new feature aimed at simplifying event organization within Communities, the company announced on Wednesday. This feature streamlines the process of planning gatherings and events directly within WhatsApp, whether it's coordinating a PTA meeting or arranging a birthday dinner. With the new feature, anyone within a group can create an event that
Apple's Push for Generative AI in iPhones Amid Revenue Decline Focuses on China Market Revival
Apple's strategy to integrate generative AI into its iPhones to revitalize sluggish sales, particularly in the crucial Chinese market, will take centre stage on Thursday as the tech giant prepares to announce its largest quarterly revenue decline in over a year. While long revered on Wall Street, Apple shares have recently underperformed compared to other
Review: Here's why you need the HUAWEI FreeClips
Business Tech Africa and Entertainment SA got to have a closer look at the HUAWEI FreeClips back in January this year at the HUAWEI launch and we have to say that we are impressed with Huawei for finishing what they started. It’s important for businesses to be seen keeping their promises, it makes for great
Google, Kaduna Government, and Data Science Nigeria Launch AI Education Series for Women
A ground-breaking initiative aimed at empowering women in Northern Nigeria through AI education was officially launched today. Google, in partnership with the Kaduna State Government and Data Science Nigeria, introduced the AI for Beginners Learning Video Series, tailored specifically for the region. The learning series presents Artificial Intelligence concepts in Hausa, a language spoken widely
Dropbox Sign Breached by Hackers, Exposing User Information
Dropbox Inc. revealed that its digital signature product, Dropbox Sign, fell victim to a cyberattack perpetrated by hackers, resulting in the unauthorized access of user data, including emails, usernames, and phone numbers. The software company acknowledged the breach on April 24, swiftly taking measures to mitigate the incident and promptly informing law enforcement and regulatory
NAPAfrica Enhances Network Time Protocol
NAPAfrica, a leading Internet Exchange Point (IXP) operated by Teraco, has unveiled plans to introduce a network time protocol (NTP) powered by Adtran's Oscilloquartz synchronisation technology, aiming to bolster clock synchronisation capabilities for its clients. NTP serves as a critical protocol for synchronising clocks across networked computer systems, playing a vital role in ensuring accurate
Kenya Advocates Stricter Oversight Measures Instead of TikTok Ban Amid Content Concerns
Kenya's government is adopting a cautious approach in response to growing concerns over content circulated on the popular social media app TikTok, urging against a blanket ban and advocating for stricter oversight measures instead. Authorities are proposing enhanced regulatory scrutiny to address issues related to propaganda dissemination, fraud perpetration, and the sharing of explicit material
Intel Shares Plunge Over 30% in April, Marking Worst Month in Two Decades
April proved to be a turbulent month for Intel as its shares closed with a staggering decline of more than 30%, marking its worst performance in over 20 years. The chipmaker continues to grapple with challenges in executing a turnaround strategy amidst a rapidly evolving market landscape. At mid-session on Tuesday, Intel's stock was down
Zimbabwe Introduces New Banknotes and Coins
Zimbabwe is gearing up for the introduction of new banknotes and coins scheduled to kick off on Tuesday, as banks nationwide have received the local currency from the central bank for distribution. The upcoming currency rollout features the highest denomination of the new currency, dubbed Zimbabwe Gold or ZiG, with the 200 ZiG note, valued
Instagram Overhauls Ranking Systems to Empower Smaller Creators
In a bid to foster a more inclusive environment for creators of all sizes, Instagram, owned by Meta, is implementing significant changes to its ranking systems. The move aims to elevate original content from smaller creators, combating the dominance historically enjoyed by accounts with large followings and reposted content. Criticism from creators regarding the platform's
Ethiopian Plastic Upcycling Startup Kubik Secures $1.9 Million in Seed Extension Round
Kubik, an Ethiopian startup specializing in plastic waste upcycling, has announced a successful seed extension round, raising $1.9 million. This funding injection follows an initial equity investment and marks a significant milestone for the Addis Ababa-based company. The seed extension round was led by African Renaissance Partners, a prominent East African venture company, and attracted
Unlocking Africa's Data-Driven Future with Nihka Technology Group
In an era where data has emerged as the new currency, organizations across Africa are racing to capitalize on the exponential growth of information and transform it into strategic business value. At the forefront of this data revolution is Nihka Technology Group, a pioneering force propelling in South Africa towards a future powered by data-driven