- +OneX, the solutions and systems integrator within South African IT giant Reunert Group, has announced its acquisition of cybersecurity and managed services company, MMC. The financial terms of the deal were not disclosed.The purchase of MMC will allow +OneX to offer its clients Compliance as a…
- Are you excited to try out Google's latest software features on your phone? Well, if you are, then you'll definitely want to learn how to download Android 14.Although Google will be sharing more about Android 14 at its Google I/O event in May 2023,
- Apple Inc. has hit a record high sales of nearly $6 billion in India in the year through March, according to a Bloomberg report, citing an anonymous source.The report further adds that the company's revenue in India grew nearly 50% from the previous year's figure
- SwitchOn, a startup specializing in Vision AI, has successfully raised $4.2 million in its Series A funding round led by Axilor Ventures, a Singapore-based fund, as well as Pi Ventures and notable angels like Anuj Bihani and Laxmi Narayan. The investment round follows a $1 million seed round by
- Block, the company behind Cash App and Square, has partnered with Yellow Card, one of the largest cryptocurrency exchanges in Africa, to enable cross-border payments between 16 African countries, including Nigeria, Ghana, and South Africa.Africa has the highest fees for sending remittances in the…
- TikTok (aka lightning rod) has yet again taken a punch to the chest in the United States, as Montana State becomes the first state in the U.S. to pass legislation that could potentially ban the social media platform.The bill, known as SB 419, passed by a vote of
- Chromebooks are affordable yet powerful enough to handle a range of tasks from streaming shows to basic gaming. They're especially great for students or anyone on a budget.Setting up your Chromebook is super easy and you don't need to be a tech expert to do
- Sega, the Japanese gaming company known for popular franchises such as Sonic the Hedgehog and Total War, has made a 706 million euro ($776 million) offer to acquire Finland’s Rovio Entertainment Oyj, the maker of the popular Angry Birds puzzle game.According to Sega, the deal would be
- Twitter is finally going to start allowing creators on its platform to get paid. Better late, than never, right?The new feature will allow users to offer subscriptions for their 'tweets', including long-form text and video-based content, says CEO Elon Musk.With the new subscriptions feature, users…
- If you're an MTN Nigeria customer and have struggled with the payment hassles of subscribing to Apple Music, there's good news for you!Thanks to a recent partnership between Apple Music and South African telecom giant MTN, customers can now easily pay for their music subscription
- Cassava Technologies, a multinational technology company, has pledged to invest R4.5 billion (~$248M) in South Africa through its subsidiaries, Liquid Intelligent Technologies, Africa Data Centres, and Distributed Power Africa.The investment is expected to be used to expand the Liquid Intelligent…
- Have you ever accidentally deleted important text messages from your iPhone? Don't worry, you're not alone! It's happened to most of us at some point and we know how frustrating it can be.But the good news is, there are several ways to recover
- OfficeBanao, an Indian startup that offers a comprehensive workspace interiors platform to businesses in the country has raised $6 million in seed funding led by Lightspeed Venture.Founded in 2022, OfficeBanao offers a comprehensive workspace interiors platform that streamlines the process for…
- Spending on security solutions and services in the Middle East and Africa (MEA), including Israel, is expected to increase by 7.9% YoY in 2023, reaching $6.2 billion, according to the latest Worldwide Security Spending Guide from the International Data Corporation (IDC).The IDC predicts that the…
- Did you know that you can easily access information from other languages by translating web pages on your browser?It's a useful feature that lets you read webpages that are from non-English speaking countries with accurate translations. By doing so, you can build better relationships with customers…
- Data science is an interdisciplinary academic field that uses statistics, scientific computing, processes, algorithms and systems to extract knowledge and insights from structured, and unstructured data.In simple terms, data science is a way of finding out interesting things by looking at lots of…
- TerraPay, the UK-based payments infrastructure firm, has secured over $100 million in equity and debt funding in its latest Series B round to expand globally, focusing on the Middle East and North Africa (MENA) region and Latin America.TerraPay aims to provide businesses with a "payments highway",…
- Digital Nomad Visas (DNVs) have become a thing in recent years, thanks to the increase in remote working models post-pandemic.DNVs allow non-citizens to carry out remote work or teleworking for companies located outside their country. Teleworkers refer to people who work through the exclusive use…
- Chinese semiconductor company SJ Semiconductor Corporation, also known as SJSemi, has announced that it has signed a $340 million financing deal with investors such as Legend Capital and Goldstone Investment in a Series C-II funding round.The semiconductor company has completed the funding round in…
- Ever been online on WhatsApp, chatting with friends or family and all of a sudden, you receive a message notification from an unknown group? When you eventually decide to check the group, you realize that you were added to the group without your permission.To make matters worse, you were
- Imagine being on a call with your boss and he says to you that "you have a great addiction to noise." How embarrassing.It can be very unprofessional to be on a call and at your end, there's a lot of background noise going on that
- The African Development Bank (AfDB) has approved a $525,000 grant to support the Africa Fintech Network (AFN) in creating a digital hub for fintech entities across the continent.The AFN digital hub, which will be delivered in partnership with Cenfri, aims to strengthen the fintech ecosystem in…
- The Indian government has revised its IT law to prohibit social media companies like Facebook and Twitter from sharing false or misleading information about the government's businesses.The report citing the new IT law by the country's Ministry of Electronics and IT will require social media
- Apple was hit hardest as global shipments of personal computers (PCs) fell by 29% in the first quarter of 2023 due to weak demand, excess inventory and a deteriorating macroeconomic climate, according to the market research firm, International Data Corporation (IDC).The IDC report shows that global…
- Since his takeover, Twitter CEO Elon Musk has continued to put promote the company's paid subscription service, Twitter Blue, as part of the company's goal to bring in the bucks it desperately needs to offset the advertising slowdown on the platform. The formerly non-subscription service used
- Chromebooks have gained popularity due to their reliability and user-friendly interface, making them great devices for most people.For internet browsing, many Chromebooks offer superior performance compared to Windows and Mac devices and often come with comparable hardware at a lower cost. Although…
- Newsletter platform Substack has announced a new feature called "Notes," which allows users to publish small posts containing items like quotes, comments, images, and links.The feature will appear in a dedicated tab that offers separate feeds for content from users' subscribed sources and their…
- Payment and fintech giant Stripe says it processed more than $817 billion in total volume in 2022, up 26% from the prior year in its annual letter for 2022.According to the statement signed by its co-founders Patrick Collison and John Collison, Stripe processed more than $817 billion in total
- Emirates Telecommunications Group Company (E&) has signed a binding agreement with Uber and its subsidiary Careem to acquire a majority stake in Careem’s Super App spinout, according to a joint press release.Techloy previously reported that Careem is seeking investment to finance its Super App…
- Kenya is set to launch its first operational satellite today: April 10, 2023. The Taifa-1 will launch aboard SpaceX's Falcon 9 rocket from the Vandenberg Space Force Base in California.The satellite, entirely designed and developed by Kenyan engineers, is expected to provide critical data on…
- Australia has announced a ban on the popular ByteDance-owned social media app TikTok, from all federal government-owned devices citing security concerns, per a Reuters report.According to Australia’s Attorney General, Mark Dreyfus, the ban would come into effect “as soon as practicable” while…
- U.S. e-commerce giant, Walmart Inc. is set to cut more than 2,000 jobs in five of its warehouses, according to a Bloomberg report.The job cuts at Walmart include over 1,000 roles at a warehouse in Fort Worth, Texas, 600 positions at a Pennsylvania fulfilment centre, 400
- Nigerian mobility startup Shuttlers has raised $4 million in a funding round led by Verod-Kepple Africa Ventures, with participation from existing investors, including VestedWorld. The funding brings the total raised by Shuttlers to over $5.6 million.The company, which was launched in 2016 by CEO…
- Apple Inc., which has largely held off on corporate layoffs in the past months, is reportedly laying off a small number of people from within its corporate retail teams, according to a report from Bloomberg.The job cuts would affect employees in Apple's Development and Preservation teams, which
- Wearable device shipments in the Asia/Pacific* (except Japan) region recorded a marginal increase of 1.8% to 259.1 million units in 2022, according to a report by the International Data Corporation (IDC).This marks the region's lowest annual growth ever as it faces challenging macroeconomic…
- American Automaker Tesla recorded growth in EV sales in Q1 2023 shipping 422,875 units of its electric cars to customers during the quarter, a 36% YoY increase compared to Q1 2022's 310,048, beating Wall Street estimates of 420,000 units.This number also marks a 4%
- With the release of iOS 16, Apple has made changes to the layout of its Photos app, which may cause difficulty in locating certain features such as the Duplicate option. Duplicating a photo or video on your iPhone or iPad can be useful for various reasons. In iOS 16, it
- Germany's data protection commissioner, Ulrich Kelber, has warned that the country may follow Italy's lead and block ChatGPT, an artificial intelligence-powered chatbot developed by OpenAI, due to concerns over data security.The Italian data agency recently temporarily banned ChatGPT and launched…
- The 5G network revolution is a guarantee of a higher internet speed and exposure to new opportunities that can be leveraged in the coming years. It is certainly an evolving technology that is beginning to gain access to the market and as a result, it is a go-to with access
- DMI Finance, an Indian digital lending company, has announced the closure of a $400 million equity investment round led by Mitsubishi UFJ Financial Group, Inc. through its consolidated subsidiary MUFG Bank.The round also saw participation from existing investor Sumitomo Mitsui Trust Bank Limited.…
- Egypt-based Camel Ventures has announced the launch of its first venture capital investment vehicle, Camel Ventures for Investment I (CVI).The EGP 500 million (around $16 million) fund is focused on financing the country's fintech startup ecosystem, with a range of equity investments and venture…
- Total funding in the Indian health-tech sector witnessed a 55% plunge from $3.2 billion in 2021 to $1.4 billion in 2022, as investors across the globe become more cautious amid the current macroeconomic conditions, and rising interest rates, according to a report by market intelligence platform…
- Moni, a digital platform that leverages social trust and group responsibility to deliver financial services in Africa, has launched a new range of business loans aimed at small business owners in Africa.The platform utilizes community finance to improve access to essential financial services for…
- Passenger electric vehicle (EV) demand across the Southeast Asia region is increasing gradually, however, sales remain relatively low compared to global EV sales constituting just 0.5% of the global total for 2022, according to a Counterpoint report.Overall Passenger EV sales in the region…
- ByteDance, the parent company of TikTok and Douyin, reported a revenue growth of over 30% in 2022 to surpass $80 billion, The Information reports citing two people with knowledge of the figure.This growth puts ByteDance almost on par with its rival Tencent Holdings, whose revenue was $107.25 billion
- Writing can be an extreme sport. Most times, it requires commitment and discipline and can leave you exhausted, mentally stressed, and other issues related to writing.Some days ago, I saw a tweet that highlighted some of these pain points and further showed that several content writers were…
- Avanti Finance, a Bengaluru-based non-bank finance company (NBFC), has received a $24 million funding cheque in a Series B round to support its “smallholder ecosystem” strategy, which focuses on providing data-driven finance solutions to smallholder farmers through local cooperatives and service…
- MFS Africa, a leading digital payments network in Africa, has partnered with Access Bank, one of Nigeria’s largest banks, to expand AccessAfrica remittance corridors.According to a statement seen by Techloy, the partnership aims to provide simplified transfers for AccessAfrica customers, enabling…
- Internet privacy and security have been major concerns over the years, especially with the endless list of cyberattacks across the internet.For instance, the Asia-Pacific region recorded the highest number of cyberattacks in 2022. This has raised quite some concerns for both users of the web and…
- The United Arab Emirates Central Bank (UAECB) has signed an agreement with Abu Dhabi's G42 Cloud and digital finance services provider R3 for the implementation of its central bank digital currency (CBDC), Digital Dirham.The move is part of the Financial Infrastructure Transformation program…
