Flutterwave, an African fintech, has secured $250 million in a Series D round, bringing its valuation to almost $3 billion in less than a year. The business, which is based in both San Francisco and Lagos, secured $170 million in a Series C round from Tiger Global and Avenir in […]
FinTech
Intel’s IDM 2.0 plan will be greatly advanced as the business develops its production capacity, global location, and technology portfolio to meet unprecedented industry demand. Intel CEO Pat Gelsinger stated, “Tower’s speciality technology portfolio, geographic reach, extensive customer relationships, and services-first operations will help scale Intel’s foundry services and promote […]
Last October, the government of Nigeria announced the creation of the eNaira, Africa’s first central bank digital currency (CBDC), through the apex monetary authority. The introduction of the new CBDC in Nigeria was expected to improve residents’ and other currency holders’ access to banking and increase remittance inflows. It was […]
Saudi Arabia has announced $6.4 billion in investments in future technologies, according to the Saudi ministry of communication and information technology. The investment, according to Abdullah Alswaha, is part of the kingdom’s effort to diversify its economy away from oil in the face of severe regional competition. As climate change […]
The National Information Technology Development Agency (NITDA) met with stakeholders from the Lagos State Software and Innovation ecosystem to discuss how to strengthen the country’s digital economy by increasing ICT contributions to GDP and promoting indigenous content by patronizing indigenous IT products and services. At the Bon Hotel in Lagos, […]
The National Information Technology Development Agency (NITDA) has praised the Kwara State Government for completing the e-Library and Edtech Hub projects. The DG, Kashifu Inuwa Abdullahi, expressed his gratitude to NITDA during the commissioning of the Kwara State e-Library and EdTech Hub, which took place recently in the State Capital, […]
On Tuesday, January 4, 2022, Ekeh, a resident of Mbaitoli in Imo State, disclosed the donation at a quarterly Stakeholders Meeting/Luncheon held by the Imo State government. Governor Hope Uzodinma, the Deputy Governor, Prof. Placid Njoku, members of the expanded State Executive Council, as well as serving and former Imo […]
The Nigerian Communications Commission (NCC) has given its approval for a N1 billion Digital Park to be built in Ibadan, Oyo State. Professor Adeolu Akande, the Commission’s Chairman, revealed this during a meeting with youth leaders from across the state during an end-of-year session in Ibadan, the state capital of […]
According to credible industry sources, Mafab Communications, a relatively unknown telecom business in Nigeria, may enlist the help of a technical partner to create and operate its 5G service after beating Airtel to one of the two slots in the 3.5 Ghz spectrum license for 5G rollout. There are also […]
Last week in Lagos, the management of Cyber Africa, one of Africa’s converged legacy Information and Technology news platforms, acknowledged digital breakthroughs across all sectors of the continent at the Cyber Africa at 10 Forum/Cyber Africa Digital Economy Awards. The organizers convened the event to commemorate Africa’s massive digital transformation, […]