Swedish mobile telecom equipment maker Ericsson will book charges of 6.1 billion crowns ($687 million) for the fourth quarter as it abandons an unsuccessful strategy for its loss-making Business Support System (BSS) unit. The unit provides real-time charging and billing products and had tried to scale up to help customers with large transformation projects but […]
Read MoreRobotic Process Automation (RPA) revenues in banking will reach $1.2 billion by 2023. With an estimated revenue above $200 million in 2018, this represents a growth of over 400% over the period. New data from Juniper Research analysed around 20 leading RPA vendors in terms of AI capability, product innovation and financial services specialisation. The […]
Read MoreGlobal semiconductor revenue totalled $476.7 billion in 2018, a 13.4% increase from 2017. This is according to preliminary results by Gartner, which noted that memory strengthened its position as the largest semiconductor category, accounting for 34.8% of total semiconductor revenue, up from 31% in 2017. “The largest semiconductor supplier, Samsung Electronics, increased its lead as […]
Read MoreRetailers are set to lose some $130 billion in digital CNP (Card-not-Present) fraud between 2018 and 2023, according to latest figure Juniper Research. The new study highlighted that increasingly complex approaches by fraudsters, alongside retailers’ intertia in adapting to new fraud prevention requirements, would be key factors behind the increases in fraud transaction value. The […]
Read MoreApplications are open to the Innohub flab Accelerator, seeking female-led tech startups to join the six-month Ghana-based programme. The fLab programme seeks to promote innovative technology entrepreneurship among women, by providing female-owned tech startups with product development and business development support. The accelerator is currently seeking 20 entrepreneurs with innovative, high-growth, social impact ventures looking […]
Read MoreFive agri-tech startups have been selected to join the Senegal Startup Accelerator run by Kosmos Innovation Centre and Reach for Change; receiving six months’ incubation and US$2,000 seed funding. The Senegal Startup Accelerator aims to support young Senegalese entrepreneurs with innovative ideas tackling the challenges facing the agriculture sector using technology. The programme – run […]
Read MoreBased on empirical indices, the Nigerian Communications Commission (NCC) can authoritatively confirm that Nigeria has attained 31 percent broadband penetration. This is contrary to insinuations in some quarters that the country was far away from that as claimed by some. By the five year National Broadband Plan (NBP), (2013-2018), it was targeted that the country […]
Read MorePresident Donald Trump is considering an executive order in the new year to declare a national emergency that would bar U.S. companies from using telecommunications equipment made by China’s Huawei and ZTE, three sources familiar with the situation told Reuters. It would be the latest step by the Trump administration to cut Huawei Technologies Cos […]
Read MoreThe Nigerian Communications Commission (NCC) has introduced the telecoms industry harmonised short codes that will simplify usage and access to telecoms services by telecoms consumers. Head of Fixed Network at NCC, Tony Ikemefuna, who made the disclosure at the second stakeholder’s forum on Value Added Services, organised by NCC in Lagos recently, said the harmonisation […]
Read MoreEight more Africa-based entrepreneurs have been chosen to join the global Endeavor network, which will see them gain access to mentorship and acceleration. Endeavor, which launched in Nigeria and Kenya this year, and has accepted a host of African entrepreneurs into its network, works to catalyse long-term economic growth by selecting, mentoring, and accelerating the […]
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