PC Market Declines 3.7% in Q3 2018, Beats Expectations

Preliminary results for the fourth quarter of 2018 (4Q18) showed shipments of traditional PCs (desktop, notebook, and workstation) totaled just over 68.1 million units, marking a decline of 3.7% in…

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Venture Capitalist Firm to Invest $10m in Tech startups from Nigeria,Kenya

Venture capital (VC) firm Oui Capital has launched a $10 million fund for investments in innovative tech startups from Nigeria, Kenya and South Africa. Oui Capital has been launched by,…

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Ericsson takes $687m Hit as it Changes Course in Services

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…

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Robotic Process Automation Revenues in Banking & Financial Services to Reach $1.2bn by 2023

Robotic 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…

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Semiconductor Revenue Hits $476.7bn

Global 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…

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Retailers to Lose $130bn Globally in Card Related Fraud Over the Next 5 Years

Retailers 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…

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Flab Accelerator seeking Ghanaian Female-led Tech Startups

Applications 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…

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Five Agri-tech Startups Ioin Senegal Accelerator

Five 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…

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NCC: How Nigeria Attained 31% Broadband Penetration Target

Based 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…

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  • December 28, 2018

White House Mulls New Year Executive Order to Bar Huawei, ZTE Purchases

President 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…

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