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StartUps

Nigeria’s Trade Finance Startup, FrontEdge Raises $10m for Africa’s Cross-Border Biz

Nigerian trade finance startup FrontEdge, which helps facilitate cross-border trades for African SMEs, has raised $10 million in debt and equity funding to scale operations across Nigeria, Kenya and other African countries. Founded in 2021 by Moni Alli, Front Edge specialises in providing working capital solutions and software tools for exporters and importers in emerging markets. The […]

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Business

Ecobank Flags-Off Sponsorship Campaign  for Customers to AFCON 2023

Ecobank Nigeria has flagged of its, “Save and Score” promo, which is inspired by the upcoming Africa Cup of Nations (AFCON), which will take place in Côte d’Ivoire from January 13 to February 11, 2024, and is intended to reward loyal and prospective customers of the bank. The Bank in a statement said that 10 […]

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Financial

Failed SAP Enterprise Solution Crashes Spar into Financial Mess

Spar’s failed SAP enterprise resource planning (ERP) system cost the retail group R1.6 billion. In a trading statement for the year ended 30 September, issued today, Spar says: “The unsuccessful launch of Spar’s new ERP IT system (SAP) at the KwaZulu-Natal (KZN) distribution centre impacted the KZN trading performance severely, causing a loss of group turnover […]

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News

Tier IV Onix Data Centre in Ghana Integrates with Angola Cables to Expand Digital Offering

The carrier-neutral, colocation Tier IV Onix Data Centre in Accra, Ghana, is joining the Angola Cables Global Data Centre Interconnect. This integration will enhance international connectivity in Ghana and Senegal, offering access to 66 additional data centres, 8 OTTs/CDNs, and 21 IXPs. Clients will benefit from a variety of secure digital solutions and managed services […]

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Business

Schneider Electric Chief Harps on Africa’s Impact Using Data Centres to Drive Region’s Economy emphasises the continued investment in data centre technologies

Africa has a significant role to play in the world’s efforts to establish sustainable data centers of the future, said Mourad Younes, C&SP Segment Leader, MEA at Schneider Electric, at last week’s AfricaCom, which formed part of the annual Africa Tech Festival held at the CTICC in Cape Town. Addressing delegates at the event, Mourad […]

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Business

Court Refuses Stopping NBC from Imposing Fines On Erring Broadcast Stations

Justice James Omotosho of the Federal High Court Abuja has dismissed the National Broadcasting Commission (NBC)’s motion seeking an order setting aside its judgement restraining the commission from imposing fines on broadcast stations in the country. Delivering Judgement, Justice Omotosho dismissed all the grounds put forward by the NBC, describing same as an afterthought. Justice […]

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Technology

SAP Recommits to UNICEF  Partnership Education Initiative for Young People in Nigeria, Kenya & Others

SAP, has reaffirmed its commitment to youth skills by profiling its SAP Educate to Employ initiative, and public-private partnership with UNICEF and government. The initiative forms part of SAP’s global commitment to supporting UNICEF’s Generation Unlimited (GenU), a public-private-youth-partnership that aims to deliver innovative solutions to challenges youth face around the world. In the region, […]

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BrandTech

Nigerian Develops Messaging App to Rival Leading Tech-Brands in Gaming & Lifestyle

A Nigeria tech company, iCELL with support from the National Information Technology Development Agency (NITDA), has developed a a messaging, gaming and lifestyle app, NIJA Chat to rival big brands in app chat in the likes of WhatsApp, Wechat and others. Director General of NITDA, Mr Kashifu Inuwa while unveiling the app in the Nigerian […]

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Business

Supporting Digital Job Creation for Women Crucial for Nigeria’s Tech Gender Gap Bridging

Promoting and supporting digital job creation for female folks in Nigeria is a crucial step that would foster inclusivity and bridge the tech gender gap. Director General, National Information Technology Development Agency (NITDA), Kashifu Inuwa, made the remark in support of the Female Founder Training organised by the Office for Nigerian Digital Innovation (ONDI), a […]

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Business

Sam Altman Back to OpenAI in Shocking Reversal

Sam Altman has agreed to return to lead OpenAI, the company said in a Wednesday post on X, just days after his surprise ouster as chief executive sparked an employee revolt that threatened to undermine what has been the leading company in the fledgling artificial intelligence industry. “We have reached an agreement in principle for […]

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