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AI & Computing

Vertiv Unveils High-Capacity Cooling Solution to Support AI and Machine Learning Data Centres in EMEA

Vertiv, a global provider of critical digital infrastructure and continuity solutions, today announced the introduction of the high-capacity models of its Vertiv Liebert AFC inverter screw chiller range with low global warming potential (GWP) refrigerant. Available in Europe, the Middle East and Africa (EMEA), the new models provide up to 2.2 MW of cooling capacity in a […]

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Business

Nigeria to Host Africa’s First Digital Economic Zone as Itana Partners AFC to Unlock Digital Economy  

Itana, Nigeria’s first licensed digital economic zone management business, and Africa Finance Corporation (AFC), the continent’s infrastructure solutions provider, have agreed to co-develop Africa’s first digital economy zone to unlock the digital economy. The zone is being established to allow global and pan-African technology, finance, and service-based businesses to easily operate and scale across Africa. The AFC […]

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Business

Why Hackers May Decide to Strike You Soon

As Africa continues to embrace digital transformation, the continent is also becoming increasingly vulnerable to cyberthreats, particularly Distributed Denial of Service (DDoS) attacks. These incidents, which disrupt the availability of networks, applications and services, are becoming a favoured tool among hackers looking to exploit vulnerabilities for malicious purposes. Why do hackers use DDoS attacks? DDoS […]

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News

Podcast Startup, Podeo Secures $5.4m for Global Market Expansion

There are over 500 million podcast listeners worldwide today* and the global podcasting market is expected to grow 9x from $27B in 2023 to over $234B  by 2030. With listeners completing circa 80% of any given podcast episode it’s unsurprising that worldwide ad spending is expected to reach $4.02 billion in 2024. Amid this explosive […]

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Business

Nestlé Nigeria’s CEO, Wassim Elhusseini, Honoured at BusinessDay Top 25 CEO Awards

Chief Executive Officer, Nestlé Nigeria, Mr. Wassim Elhusseini, has been recognized as one of the Outstanding CEOs of the year at the recent BusinessDay Top 25 CEO Awards. The BusinessDay Top 25 CEO Awards 2024 acknowledges the achievements of CEOs from companies listed on the Nigerian Stock Exchange (NGX) and the Next Bulls category—an elite […]

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Business

Dangote Granite Mines Awards Scholarship Grant to Ogun State Secondary School and Tertiary Institution

Dangote Granite Mines Limited has awarded multi-million naira scholarships to secondary school and tertiary institution students from Ijebu-Igbo in Ijebu-North local government area of Ogun State. The company stated that the scholarship initiative underscores its commitment to empowering local communities through education and contributing to their overall development. Describing the programme as a key component […]

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Technology

CIOs Face Pressing Challenges in AI, Cybersecurity, and Sustainability, Says Industry Expert

In an era marked by uncertainty, today’s Chief Information Officers (CIOs) are tasked with navigating complex challenges akin to those faced during the 2008 financial crisis. Geopolitical tensions, rising interest rates, and economic instability are reshaping global trade and business strategies. As Natalya Makarochkina, Senior Vice President of Secure Power Division, International Operations at Schneider […]

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Technology

Advanced Air Mobility Revenue to Near $6bn Globally by 2030

Air Mobility (AAM) revenue will reach $6 billion by 2030, up from just $31 million in 2025; a compound annual growth rate of 187%. AAM is the creation of new aviation technologies that enable small scale flights across short distances; often in urban areas. Juniper Research, study attributed this rapid growth to Urban Air Mobility […]

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FinTech

Ivorian Fintech, Daba Finance Grabs US$50,000 Prize of  2024 Ecobank Fintech Challenge

Ecobank, the leading pan-African financial services group, announced Daba Finance, the Ivorian Fintech, as the Grand Winner of its flasghip Ecobank Fintech Challenge 2024.  Twelve (12) innovative fintech startups competed to impress the esteemed panel of five judges for the US$50,000 prize. The judges, comprised of renowned industry experts, evaluated the finalists based on criteria such as innovation, […]

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News

High Energy Consumption of Digital Technology Sector Worrying, Says ITU

The carbon footprint and energy consumption of the digital technology sector is growing with global demand for hardware, network services, data storage and emerging technologies, according to a report co-authored by the International Telecommunication Union (ITU) and the World Benchmarking Alliance (WBA). Alongside commitments expressed across industry to embrace both digital growth and environmental sustainability, […]

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