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Tech & Business
- Four innovators from Kenya, Côte d’Ivoire, and Uganda, selected from a shortlist of 16, vie for the £50,000 (over $62,000) Africa Prize.
- Their innovations encompass recycling in construction, AI tools for healthcare and farming, and reengineered waste collection, addressing crucial societal needs.
- The three runners-up will each receive £15,000 (over $18,000), while a £5,000 (over $6,000) prize titled ‘One to Watch’ will be awarded to the most promising business among the shortlist.
- Since 2014, the Africa Prize has empowered nearly 150 entrepreneurs across 23 African countries, creating over 28,000 jobs and positively impacting more than 10 million people with their innovative products and services.
The Royal Academy of Engineering is set to host the final showdown of the 10th Africa Prize for Engineering Innovation, the continent’s premier engineering accolade, on June 13, 2024, in Nairobi, Kenya. Out of an initial pool of 16 visionary innovators crafting sustainable, scalable engineering solutions …
- Russian Investment Forum at AIM Congress 2024 highlighted Russia’s robust economic standing.
- Various Russian regions showcased unique investment opportunities, from the Far East’s oil and gas sector to Tatarstan’s diverse industries.
- Discussions also revolved around innovation and technology, with an emphasis on Abu Dhabi’s potential as a global technology hub.
Amidst the grandeur of the Abu Dhabi National Exhibition Centre (ADNEC), the Russian Investment Forum emerged as a unique centre of opportunities during the 2024 AIM Congress.
Under the International Partners’ Track, this forum brought together luminaries from Russia’s business landscape to showcase the nation’s unique investment propositions and affirm Abu Dhabi’s suitability as a global technology hub.
Spearheading the discussions was Sergey Katyrin, President of the Chamber of Commerce and Industry of the Russian Federation. Katyrin painted a picture of Russia’s robust economic stature, ranking first in Europe and fifth globally in terms of GDP.
He cited Russia’s …
- The Joint Venture will serve to boost global investment and economic development by synergistically combining both parties’ key capacities in the market.
- Both entities aim to leverage their respective strengths to advance LB Investment’s initiatives.
- Established in 1996, LB Investment has consistently been recognized as one of Korea’s premier fund managers.
AIM Global Foundation, an independent international organization dedicated to empowering investments across the world, and Korea-based LB Investment, which has $1 billion Assets Under Management (AUM), have announced the set-up of a Joint Venture, along with a landmark Memorandum of Understanding (MOU) at the ongoing AIM Congress 2024 in Abu Dhabi.
The Joint Venture will serve to boost global investment and economic development by synergistically combining both parties’ key capacities in the market.
The MOU marks a critical moment in global investment cooperation. Both entities aim to leverage their respective strengths to advance LB Investment’s initiatives through the platform …
- Exclusive pre-congress workshop launched to elevate startups for the global stage
- This year’s startup competition has attracted entrants from 53 countries.
- With cash prizes amounting $60,000, the stakes are high for participants to showcase their innovations.
As the global business community looks forward to the AIM Congress 2024, an exclusive startup workshop has been announced to prepare tech entrepreneurs for the grand stage.
Scheduled for May 7-9, the AIM Congress is set to be a pivotal gathering for industry leaders, policymakers, investors, and innovative startups under the theme “Adapting to a shifting investment landscape: Harnessing new potential for global economic development.”
In preparation for this landmark event, AIM Startup, in partnership with Bloom, is organizing a preparatory workshop designed to hone the skills and strategies of promising tech entrepreneurs. The workshop, aimed at empowering participants to maximize their impact at the congress, is part of a broader initiative by …
- Level of remote desktop protocol abuse unprecedented since launch of report in 2020.
- External remote services were the number-one way attackers initially breached networks.
- Remote Desktop Protocol is a Microsoft proprietary protocol that enables remote connections to other computers.
Cybercriminals have resorted to the use of remote desktop protocol in executing their attacks on systems according to new findings by Sophos. The Sophos Active Adversary Report for 2024 shows that cybercriminals heavily exploited remote desktop protocol (RDP) in 90 per cent of attacks, marking the highest incidence of RDP abuse since Sophos started these reports in 2021 covering data from 2020.
Remote Desktop Protocol (RDP) is a Microsoft proprietary protocol that enables remote connections to other computers,
The report further says that external remote services such as RDP were the most common vector by which attackers initially breached networks; they were the method of initial access in 65 percent of …
Africa’s agritech potential is immense. Agriculture can help solve various issues, including food security, poverty reduction, and economic transformation. However, technology is needed to revolutionise agriculture and solve farming and agricultural challenges.…
- TikTok’s Safer Together Workshops have attracted 116,355 attendees.
- The social media platform has in the recent past had issues over safety in Kenya and around the world.
- According to TikTok, the initiative will involve availing educative videos on digital and internet safety on the platform.
Kenyan youth have joined TikTok’s Global Youth Council to engage with TikTok CEO Shou Chew on matters of digital safety as the video sharing app faces mounting pressure from governments across the world.
This collaboration comes as part of the social platforms ongoing efforts, in partnership with Eveminet, to promote a safer online environment through TikTok’s Safer Together Workshops. The trainings come amidst measures by some countries, including Kenya, that ban the use of the platform on government issued devices due to data safety concerns.
The TikTok’s Safer Together Workshops were officially launched in October 2023 with the goal of creating a safe and empowering …
- Ghana-based Zeepay has secured support from Africa50, Oikocredit, Injaro, Verdant Capital Hybrid Fund, and I&P.
- The firm is set to ehancing its offerings to International Money Transfer Organizations, senders and recipients of remittances.
- Last year, the company processed 10 million remittance transactions amounting to over $3 billion.
Cash transfer giant Zeepay has successfully closed a substantial equity investment round that is poised to power its business in new territories. Led by Pan-African investment heavyweights including Africa50, Oikocredit, Injaro, Verdant Capital Hybrid Fund, and Investisseurs & Partenaires (I&P), this financial infusion is poised to turbocharge Zeepay’s ambitious expansion across Africa and the Caribbean.
Since its establishment in 2014, Zeepay has been at the forefront of revolutionizing payment infrastructures, boasting an impressive presence in over 20 countries globally.
Specialising in the instant settlement of remittances into mobile money wallets, the company has been a beacon of financial …
- The situation involving Binance in Nigeria has turned sour due to several events.
- For a few years, the Binance marketplace seemed to work well enough, but in 2023, the Nigerian government ended the naira’s peg to the US dollar as part of sweeping economic reforms.
- In what is now a testament to the sprained relationship between Binance and Nigeria, the authorities filed tax evasion charges against the cryptocurrency exchange.
Binance Under Regulatory Spotlight
Binance’s journey from a small start-up to one of the largest cryptocurrency exchanges globally has been impressive but not a smooth run. The platform’s rapid growth and global expansion brought it under the regulatory spotlight globally.
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