Nigerian fintech startup Nearpays has made history by becoming the first African company to win the grand finale of the AI for Good Innovation Factory, a global competition held as part of the United Nations’ AI for Good Global Summit. The competition attracted more than 500 startups from around the world, each presenting artificial intelligence…
Raxio Group, Africa’s largest data centre platform by geographic footprint, has surpassed US$380 million in committed capital after existing shareholders, Meridiam and Roha, increased their investment to support the company’s next phase of expansion. The latest equity injection expands Raxio’s capital base from the previously announced US$350 million. This follows a US$100 million financing package…
Nigeria could continue to trail behind in global technological advancement unless governments at all levels take urgent steps to modernise engineering laboratories and workshops in tertiary institutions across the country. This concern was expressed by academics and students of Afe Babalola University, Ado-Ekiti (ABUAD) following the return of 37 engineering students and two lecturers from…
A Kenyan customer who lost millions of shillings to SIM swap fraud has secured a significant legal victory, sending a strong message to banks and telecommunications companies about their responsibility in protecting customers from digital fraud. The High Court in Machakos has ordered Safaricom and Diamond Trust Bank Kenya (DTB) to compensate a customer who…
Seacom Strengthens East Africa’s Network with Resilient Connectivity Infrastructure Seacom has reaffirmed its commitment to delivering dependable digital connectivity across East Africa by showcasing the strength of its terrestrial network infrastructure, designed to keep businesses connected even during network disruptions. The company revealed that its high-capacity terrestrial fibre network connects major regional hubs, running from…
EBRD Commits €270 Million to Expand Yas’ Digital Infrastructure Across Africa The European Bank for Reconstruction and Development (EBRD) has approved a financing package of up to €270 million for Yas, the pan-African telecommunications operator owned by AXIAN Telecom, to accelerate the expansion of mobile and fibre broadband infrastructure across Africa. The investment is expected…
Google Hands Open Health Stack to Linux Foundation to Accelerate Global Digital Health Innovation Google has officially transferred the Open Health Stack (OHS) project and its associated assets to the Linux Foundation, paving the way for broader community-driven development of open-source digital health technologies. The move also establishes the Open Health Stack Software Foundation (OHS-SF),…
Yas Business Strengthens Enterprise Partnerships to Accelerate Digital Transformation Yas Tanzania has reaffirmed its commitment to helping businesses embrace digital transformation by engaging with corporate partners and industry stakeholders during the 50th Dar es Salaam International Trade Fair (Sabasaba). The company said the initiative forms part of its ongoing efforts to strengthen relationships with enterprises…
e& Exits Vodafone Investment as Niel Family Investment Vehicle Acquires Full Stake Vodafone Group has announced that Emirates Telecommunications Group Company PJSC (e&) has agreed to sell its entire shareholding in the telecommunications company to Vega, an investment vehicle wholly owned by the Niel family group. The transaction brings e&’s investment in Vodafone to a…
Digital Payments Strengthen Growth Outlook for Saudi SMEs, Mastercard Survey Shows Small and medium-sized enterprises (SMEs) in Saudi Arabia remain confident about their future despite ongoing regional and global economic uncertainties, with 75% of business owners expressing optimism about their business prospects over the next 12 months, according to the latest Mastercard SME Confidence Index…