Thursday, March 28

Tech & Business

MTN
  • MTN is divesting its stakes in Guinea-Bissau and Guinea-Conakry to Telecel.
  • The telco giant will now shift more focus on rising markets Ghana, Cameroon, Nigeria, and Cote d’Ivoire.
  • With the exception of Cameroon, these three markets account for a combined 18.6% of the Group’s revenue.

South African tech heavyweight MTN has unveiled a key shift in its market strategy involving the divesture of its stakes in Guinea-Bissau and Guinea-Conakry businesses to Telecel.

This move is poised to mark a strategic change in bolstering MTN’s presence in Africa in what is perceived as stronger markets within the West and Central Africa region.

The agreement, which was sealed in December 2023, sees MTN ceding control to Telecel, a telco with a notable footprint in the African Telecommunications business. While the financial disclosures of the deal remain unclear, MTN has informed its stakeholders that further details will be published in the coming …

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African foodtech startups
  • Foodtech startups are leading a movement that aims to enhance food security and transform African agriculture into a model of economic viability and sustainability.
  • Nile, a business-to-business (B2B) marketplace seeks to modernise agricultural trade by enabling direct connections between farmers and buyers.
  • Another entity, Sand to Green, employs advanced agroforestry practices and technology to transform arid desert lands into fertile agricultural zones.

In the face of a future where 140 million people in Africa confront acute food insecurity, the emergence of foodtech startups across the continent is starting a new phase in agricultural practices and food production.

Armed with innovative technologies and visionary approaches, these startups are leading a movement that aims to enhance food security and transform African agriculture into a model of economic viability and sustainability.

A trio of visionaries from Amazon, JP Morgan and Luno have established a digital insurance platform Nile, a business-to-business (B2B) marketplace that …

Hormuud Telecom
  • Hormuud Telecom has launched the 5G network across Somalia, enhancing the speed of internet and communication.
  • This marks a significant leap towards a digitally inclusive society with reliable internet connectivity in the country.
  • A 5G networks is set to stimulate economic growth, create jobs, and revolutionize public services such as healthcare and education.

Hormuud Telecom has unveiled its 5G network, marking a historic moment for its main market Somalia, which now enters into the elite group of African nations such as Kenya and Ethiopia that have embraced this cutting-edge technology.

Hormuud Telecom 5G signal is now present across 30 cities and towns, promising to revolutionize the speed of the internet and communication and transform Somalia’s digital economy.

Enhancing Communication with 5G Technology

The introduction of the 5G network by Hormuud Telecom signifies a monumental leap in improving internet connectivity’s speed and reliability across Somalia. President Hassan Sheikh Mohamud, along …

Gen AI in banking
  • Gen AI can improve efficiency and effectiveness in various financial sector applications.
  • In the next three to five years, gen AI has the potential to revolutionize banks.
  • AI can even plan overall strategy and banks to adopt or be left behind.

Generative AI is the new frontier for scientific developments and the financial sector should not be left behind. Artificial Intelligence (AI) is now used by financial institutions to model analytics, automate manual tasks, and synthesize unstructured content, sector experts say.

“In the next three to five years, Gen AI has the potential to revolutionize banks…changing entire risk and compliance functions,” notes Rahul Agarwal, Andreas Kremer, Ida Kristensen, and Angela Luge in an article published by advisory firm McKinsey and Company.

In their paper, How Generative AI Can Help Banks Manage Risk and Compliance, the researchers and financial experts describe how Gen AI can improve efficiency and effectiveness …

Liquid C2 Gen AI
  • Customers of Liquid C2 can expect heightened security measures, access to advanced cloud technologies, and a commitment to securing their digital assets.
  • Businesses are increasingly turning to Gen AI to drive operational efficiencies, says Thomas Kurian, CEO, Google Cloud.
  • This alliance builds on a November 2023 agreement where Liquid C2 and Google Cloud agreed to bolster cybersecurity and cloud services in Africa.

In a deal that is poised to transform the digital economy of Africa, tech company Liquid C2 has struck a deal with global technology giant Google Cloud and artificial intelligence (AI) powerhouse Anthropic.

This strategic partnership is set to deliver a suite of advanced cloud, cybersecurity solutions, and cutting-edge generative AI (Gen AI) capabilities to African businesses, heralding a new era of digital innovation and security across economies.

Liquid C2, a pan-African technology group, is at the forefront of this initiative, promising its customers enhanced security measures, …

smart africa
  • Smart Africa Digital Academy (SADA) seeks to bridge the digital skills gap in African countries, enhancing employability and meeting the evolving talent requirements of Africans.
  • Since its inception, SADA has provided training to over 7,000 beneficiaries across 35 African countries, covering a wide range of digital transformation topics.
  • Smart Africa’s goal is to transition the continent into a knowledge economy by ensuring affordable access to broadband and promoting the use of ICTs.

The World Bank is partnering with Smart Africa to accelerate the expansion of the Smart Africa Digital Academy (SADA) from a national to a regional focus as part of the Western Africa Regional Digital Integration Program (WARDIP). This partnership aims to advance regional integration of digital markets through a $20 million grant for 5 years.

The focus of this partnership is to expand the existing national-level SADA initiative to a regional level as part of WARDIP. This expansion …

African startups startups in Africa
  • Startups seeking to scale across Africa face a unique set of communication challenges.
  • While culture, infrastructure woes, and regulations pose significant challenges, innovation offers opportunities to overcome these hurdles.
  • Players in the industry such as Beem are developing effective enterprise communication products that firms can tap into to scale their operations across Africa.

Africa is emerging as a hotspot for entrepreneurial activity, with startups acrborsa prima classe jock strap deuce vaughn jersey latex hood air jordan 1 low flyease air jordan 1 low flyease uberlube luxury lubricant 8 ft kayak oregon football jerseys inflatable kayak yeezy shoes under 1000 nike air jordan 1 elevate low custom sublimated hockey jerseys 8 ft kayak decathlon bmx oss various industries in different economies scaling up. However, as these startups expand across economies, they are encountering a unique set of communication challenges that often jeopardize their success.

From navigating the maze of cultural …

Ransomware Attacks
  • Ransomware Attacks and backdoors are the leading threats Kenyans contend with
  • According to the CAK, Kenya experienced 860 million cyberattacks in 2022–2023.
  • Check Point Research has also identified ransomware Attacks among the first rising in Africa.

Kenya was the second most attacked country by cybercriminals in the Middle East, Turkey, and Africa region (META), according to new data released by cybersecurity solutions provider Kaspersky.

Only Turkey recorded the highest number of attacks among the 12 countries in the META region. The region comprises Bahrain, Egypt, Kenya, Kuwait, Nigeria, Qatar, South Africa, Saudi Arabia, Turkey, UAE, Oman, and Pakistan.keyvone lee jersey yeezy boost 350 v2 hyperspace sac eastpak custom youth hockey jerseys jock strap custom sublimated hockey jerseys jock strap johnny manziel jersey nike air jordan 1 elevate low brock purdy jersey brock bowers jersey college football jerseys air max 270 women custom youth hockey jerseys custom dallas stars

gig-economy
  • According to a report by the Digital Economy Task Force, the gig economy in Kenya will grow by 33 per cent over the next five years.
  • According to a GSMA mobile economy report, by 2025, sub-Saharan Africa is expected to welcome 167 million new mobile subscribers.
  • The Humanity NFT program emerges as a critical player, offering a secure and non-intrusive way for individuals to participate in the Web3 space.

Africa’s gig economy, driven by the digital revolution, is reshaping the labour market, offering new avenues for employment and economic growth.

The World Bank highlights that more than 80 per cent of workers in sub-Saharbrock purdy jersey smith and soul black friday wig sale nike air max 90 futura dallas cowboys slippers mens oregon football jerseys sac à dos eastpak air jordan 1 low flyease adidas yeezy boost 350 turtle dove inflatable kayak uberlube luxury lubricant custom youth nfl jersey

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