News

Nigeria, Kenya & SA Worst Hit by Phishing Attacks in Q1, 2023

Nigeria, Kenya and South Africa and Turkey are among the Middle East and Africa nations that saw a rise in phishing attacks in quarter one (Q1) of 2023, compared to Q1 of 2022. This is one of the insights revealed yesterday at the Kaspersky Cyber Security Weekend – META 2023 held in Almaty, Kazakhstan. Now […]

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Business

Ecobank Unveils Fingo Africa App to Bring Africa’s Youth Financial Inclusion

Ecobank Kenya, part of Ecobank Group, the pan-African banking Group, has launched Fingo Africa app, which is set to revolutionize financial inclusion for young people in Kenya and across Africa. The app was developed in close collaboration between Fingo Africa, a Kenyan Fintech company and Ecobank. The launch of the App in Kenya will be […]

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Technology

Mecho Autotech Bids for Nigeria’s Multi-billion Dollar Automotive Market

Nigerian on-demand auto repair and maintenance platform Mecho Autotech is set to introduce new products, as it seeks to garner a significant share of the country’s multi-billion dollar automotive aftersales and maintenance market. The start-up, which runs a digital platform that connects business-to-business and business-to-customers with in-house and third-party mechanics, announced yesterday it will soon […]

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TechEntertainment

Music Streaming Subscriptions Average Growth Now 80 million as Spotify Leads by 118 Million

The music industry is far from where it was eight years ago, thanks to streaming platforms like Spotify, YouTube Music, and Apple Music. After struggling with plunging revenues for more than 15 years, the entire market has continuously grown since 2014, mostly due to a surging number of music streaming subscriptions. According to Statista data, […]

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News

Dating Services Industry to Hit 600 Million Users with Expected Revenue at $8.1bn by 2024

The dating services industry has seen impressive growth over the past few years, mostly to the rise of dating apps and websites. The entire market will continue growing in the years ahead, driven by technological advancements and changing attitudes toward online dating. According to data presented by OnlyAccounts.io, the global dating services industry is expected […]

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Business

Microsoft Appoints SA MD as New Africa Boss

Lillian Barnard has been named president for Microsoft Africa, a move the global technology company says is a milestone in its ongoing effort to drive impact on the continent. Barnard’s new role was announced yesterday with Microsoft saying it is deepening its commitment to accelerating customer transformation in Africa with new two key leadership appointments. […]

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Technology

IBM Plans Replacing 7800 Jobs with AI in Next Five Years

IBM plans to use artificial intelligence (AI) to replace 7,800 jobs over the next five years, CEO Arvind Krishna said in an interview, sparking fears of widespread job losses across industries. “Comments, such as the ones Arvind made, validate the claims that AI can reduce support jobs and hence costs for the company. It will […]

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FinTech

Kaspersky Blocks 161,272 Financial Threats in Nigeria’s Digital Payment System

The latest report by cybersecurity firm Kaspersky has painted a grim picture of Nigeria’s digital payments ecosystem, revealing 37% of respondents in its study suffered financial losses last year. The Kaspersky study says the majority of digital payments users (97%) lost up to $1,000 equivalent as a result of the threats they encountered when using […]

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FinTech

Nigeria, Zambia and Kenya Penned-Down for AfDB $525,000 Fintech Grant

The African Development Bank (AfDB) recently penned a $525,000 grant agreement with Africa Fintech Network (AFN) for the setup of the Africa Fintech Hub, an online portal that will serve as a one-stop shop for all fintech activities in Africa. The deal will see AfDB’s Africa Digital Financial Inclusion Facility (ADFI) provide funding and technical […]

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News

African Start-ups Shine at Milken-Motsepe Agritech Challenge

African start-ups recently scored big in technology, as they emerged as this year’s winners of the Milken-Motsepe prize in agritech. The Patrice Motsepe Foundation and the US-based Milken Institute has announced the winners of their flagship agritech competition. This is the first of a series of multiyear, multimillion-dollar innovation competitions and programmes by the two […]

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