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Technology

Failed Tech: Boeing Grounds Entire Global Fleet of Max 737 8s & 9s

Boeing has grounded the entire fleet of 737 MAX 8s and 9s following the recent Ethiopian airlines crash which killed all 157 aboard. This decision by Boeing came just moments after President Donald Trump announced an emergency order to ban the airlines in US airspace. In a statement, the company stated that it had temporarily […]

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E-Commerce

Jumia Files for IPO on NYSE, MTN now Major Shareholder

E-commerce firm Jumia has filed for an Initial Public Offering on the New York Stock Exchange (NYSE), which will make it the first African technology company to list on the exchange. The timeline of the listing and share price of the IPO has, however, not been stated in the SEC filing application. In its SEC […]

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Internet

World Wide Web Founder Laments its Impact at 30, Expected in Nigeria

On March 11, 1989, Tim Berners-Lee, a British computer programmer working at CERN, the European Particle Physics Laboratory, sent in a proposal for an information management system. His boss responded with a note that read “vague but exciting.” That proposal was the first sketch of what would become the World Wide Web, creating the system […]

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Social Media

MTN Plans own Instant Messaging App in 54 African Language

MTN has developed an instant messaging platform which it hopes will become the “African WeChat”, with plans to launch it in two markets in the next month or so. “We intend to launch it across the entire portfolio, South Africa included, but we will start with the West and Central Africa (WECA) markets as a […]

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Technology

Artificial Intelligence Systems Spending to Hit $35.8b in 2019

Global spending on artificial intelligence (AI) systems is forecast to reach $35.8 billion in 2019, an increase of 44.0% over the amount spent in 2018. With industries investing aggressively in projects that utilize AI software capabilities, the International Data Corporation (IDC) global Semiannual Artificial Intelligence Systems Spending Guide expects spending on AI systems will more […]

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Business

North Africa Dominates Desalination Market by 79.9%

The desalination market in Africa has recovered from the global economic downturn in 2015-2017, which resulting in low desalination investment across the continent with North Africa leading by 79.9 percent. A study from Frost & Sullivan, which revealed that the African desalination market is now stablising and investment in desalination is gaining traction stated that […]

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Technology

Microsoft Opens First Data Centres in Africa

Microsoft has opened its first data centres in Africa, becoming the first global provider to deliver cloud services from data centres on the continent. Microsoft has announced the opening of its first data centres in Africa, becoming the first global provider to deliver cloud services from data centres on the continent. “Microsoft Azure is now […]

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Women-In-Technology

Ethiopia Gebeya Secures IFC Funding for Women Software Developers

Gebeya and IFC, a member of the World Bank Group through the Women Entrepreneurs Finance Initiative (We-Fi), has signed a $500,000 advisory services agreement to implement the Digital Gender-Ethiopia Program. It aims to increase the number of female software developers. The project will provide training to 250 female software developers and seed funding to 20 […]

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E-Commerce

Paylater Secures $5m Facility, Migrates to Full Service Digital Bank in Nigeria

Nigerian fintech, One Finance Limited has has secured a $5M debt facility for its consumer facing platform, Paylater enabling it to migrate to full digital bank. The facility comes from New York and Nairobi-based Lendable, a technology-enabled funding provider to African consumer and SME lenders. The debt facility will be used to deploy more loans […]

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E-Commerce

Somali Delivery Startup Gulivery adds e-hailing Services

Somali startup Gulivery, which provides delivery services to restaurants, shops and e-commerce platforms, has added e-hailing functionalities to its platform. Gulivery developed a mobile app that allowed people to order meals and groceries from restaurants and supermarkets, and have them delivered to their doors by the startup’s delivery partners. The startup was launched in 2017 […]

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