- Nigerian health-tech startup 54gene has made executive changes to drive funding and strategic partnerships.Ron Chiarello has been named as the company’s new Chief Executive Officer (CEO), replacing Teresia Bost, who will stay on as an advisor. Chiarello, who co-founded the company, has previously…
- Zipline has unveiled a new drone delivery platform delivering up to 7 times as fast as traditional automobile delivery, completing 10-mile deliveries in about 10 minutes.Unlike other drone delivery services, Zipline’s drones (called Zips) fly more than 300 feet above the ground and are nearly…
- 🎵"Music is the universal language of mankind." - Henry Wadsworth LongfellowThroughout history, music has been a powerful means of communicating thoughts, emotions, ideas, intentions, and more.Just like our bodies need food and energy to survive, music acts as food for…
- Satellite internet service Starlink has announced that it has launched a global roaming package for customers who are travelling to locations where connectivity has been unreliable or completely unavailable.The service called Starlink Roam, is available either within the continent for $150 per…
- Chatbot ChatGPT creator OpenAI has announced the release of an improved more-powerful multi-modal artificial intelligence model known as GPT-4 in a blog post on Tuesday.According to the AI tech startup, the latest technology represents a vast improvement on the previous version known as GPT-3.5.…
- Mitiga, an Israeli cloud security startup, has raised $45 million in a series A funding round led by ClearSky Security, bringing its valuation to over $100m.Mitiga’s service offers cloud and software-as-a-service (SaaS) incident response and investigation solutions. It analyses cloud forensics data…
- Apple MacBook enables users to capture and save screen content using a screenshot feature. By default, screenshots are saved on the desktop and named in the format "Screen Shot [date] at [time].png", which can clutter your workspace if you take multiple screenshots.Unlike Windows, screenshots are…
- Europe’s passenger electric vehicle (EV) sales climbed over 34% YoY in Q4 2022 to reach a total of over 2.7 million units in 2022, according to the latest research from Counterpoint.In the quarter, EVs contributed over 29% of Europe’s total passenger vehicle sales. Battery
- HealthPlix, an Indian startup offering its in-house platform for doctors to help record patient data digitally, has raised $22 million in a Series C funding round led by Avataar Venture Partners and SIG Venture Capital.Founded in 2014, HealthPlix provides a digital technology platform to the doctor…
- The Nigerian government has launched a $672 million fund targeting young entrepreneurs in the technology and creative sectors to promote entrepreneurship and job creation in Africa's largest economy.The Investment in Digital and Creative Enterprises Programme (I-DICE) initiative was unveiled by…
- Freelancing has become one of the prime entrepreneurship skills in the 21st-century market. This form of business is lucrative, tasking and self-employable, offering freelancers the opportunity to sell their ideas, products and services in any area of choice.Also, as a result of its…
- Investors from around the world are showing increasing interest in Africa's growing start-up ecosystem. Despite this fact, a new report shows that Africa is not solely reliant on investment from outside the continent, as there are a significant number of African investors actively investing in the…
- Popular ride-hailing startup in Europe and Africa Bolt has launched its ride-hailing service in Nepal, a country in South Asia.The company on Wednesday announced the pilot of its on-demand ride-hailing service in the country with more than 400 local drivers in Nepal’s capital city, Kathmandu. This…
- Samsung Electronics has announced plans to invest around $230 billion over the next two decades in South Korea to build five new memory and foundry fabs.The investments will be made through 2042, securing the country’s domestic semiconductor production line and supply chain.The mega semiconductor…
- If you want to keep your browsing private and secure on an iPhone or iPad, Google's web browser, Chrome lets you do this in a few easy steps.With so many unique features and tools that improve the user experience, the ability to use Face ID
- Nuru, a renewable energy company based in the Democratic Republic of Congo (DRC), has secured $1.5 million in a convertible note round to build 13.7MWp of isolated solar-hybrid grids by mid-2024.Nuru, founded in 2020, focuses on deploying and operating renewable energy-powered metrogrids in…
- Cofe, a UAE-based online coffee marketplace, has secured $15 million in a recent funding round to expand its e-commerce offerings and boost its presence in the regional market.The company's app allows users to order coffee, capsules, beans, coffee machines, and other accessories from vendors hosted…
- According to Counterpoint, shipments of Extended Reality (XR) headsets including Augmented Reality (AR) and Virtual Reality (VR) crossed 1.1 million units in China in 2022.Virtual Reality remains the dominant segment ahead of Augmented Reality within XR, contributing more than 95% to overall…
- Chipper Cash, a fintech company focused on Africa and backed by Silicon Valley Bank and cryptocurrency exchange FTX, is considering exploring a sale or seeking new investors, according to anonymous sources cited by Bloomberg.The company claims it began considering these options prior to the…
- Podcasts have become one of the most consumed forms of content by millions of people around the world, due to their ability to drive ideologies, themes, and ideas as well as promote personal and corporate brands.According to a 2023 report released by Edison Research this month, 64% of Americans
- The Indian Web3 market is expected to reach $1.1 billion by 2032, up from $0.0049 billion in 2022 at a compound annual growth rate (CAGR) of 57%, according to a government report giving information on the issue on Tuesday.According to the report, the Indian market is expected
- The UK government is said to be launching a 10-year programme that would see it invest £2.5 billion in quantum computing, as it looks to catch up with the U.S. and China which both dominate the sector.According to a report in the Financial Times, the government
- Ever felt like you need a camera break during those never-ending meetings or you don't feel like turning on your video on Teams calls? Animated 3D Avatars are coming to your rescue, thanks to Microsoft – which posted an update to its Microsoft 365 roadmap announcing a May
- Meta Platforms, the parent company of Facebook and Instagram announced on Tuesday that it is cutting 10,000 jobs, less than four months after it let go of 11,000 employees, bringing the total reported job losses in the company to a staggering 21,000."We expect to reduce
- Meta, formerly known as Facebook, is reportedly developing a decentralized, text-based app as part of its ongoing efforts to diversify its offerings – a move that could be in direct competition with Twitter.The social media giant has confirmed the app, codenamed P92, which is currently in…
- Over the past months since the media frenzy of OpenAI's chatbot tool ChatGPT, Generative AI technology has continued to gain widespread usage, capturing the attention of many in the tech industry.Several tech companies are now looking to leverage the technology on their existing platforms to…
- MTN Group, the African telecommunications giant, has reported a strong financial performance for the year ending December 31, 2022.The company's data revenue rose by 32.2% to R73.7 billion (₦1.8 trillion), while its fintech revenue increased by 14.3% to R17.3 billion (₦
- Wheel the World, a Chilean travel company that provides inclusive experiences for people with disabilities, has raised $6 million in a pre-Series A investment round led by Chilean venture capital fund Kayak Ventures, to enable more people with disabilities to travel.Founded in 2016, the startup has…
- Egypt-based seed-stage accelerator Flat6Labs is launching a $95 million Africa Seed Fund investment vehicle to support Sub-Saharan Africa startups in the fintech, healthtech, logistics, mobility, cleantech, agtech, retail and e-commerce sectors. The fund will be sector agnostic and will invest…
- Following the collapse of Silicon Valley Bank, the UK subsidiary of the financial institution has been sold to HSBC in a rescued deal facilitated by the British government and the Bank of England.Under the terms of the agreement, HSBC’s U.K. subsidiary will finance the acquisition of
- India plans to require smartphone manufacturers to allow the removal of pre-installed apps and screen major operating system updates, according to a government document seen by Reuters.The proposed new security rules are designed to prevent spying and abuse of user data and could lead to longer…
- If you are running a business today, you need to have a strong online presence to succeed. One way to do this is by building an online store that can enable you to sell your products or services to customers all over the world.In 2022, retail e-commerce sales were
- Prosus, the subsidiary of Naspers that focuses on classifieds, has announced plans to sell OLX Autos, its car classifieds business.The move will enable the company to concentrate on its other core classifieds business, OLX Group, which operates in over 30 countries, reaching 322 million people per…
- Broom, an Indonesia-based auto-financing startup that helps used car dealers work more efficiently by applying the asset-backed lending model to their businesses said it has closed a $10 million pre-Series A financing round led by Openspace Ventures.Founded in 2021, the Jarkata-based startup offers…
- Nigerian digital banking platform FairMoney has acquired PayForce, a merchant payment service provider that serves small businesses, as part of its strategy to expand its financial services offerings to merchants.The terms of the deal were not disclosed, but sources suggest that it was a cash-and-…
- YCombinator (YC), the renowned global startup accelerator, is scaling back on its late-stage investments, resulting in the loss of 17 team members or roughly 20% of the accelerator’s workforce. The move is not related to Silicon Valley Bank’s recent collapse, according to a statement released on
- WeRide Technology, a Chinese self-driving tech startup, has discreetly filed to go public in the U.S. and is looking to raise as much as $500 million, according to a report by Bloomberg.Currently valued at $4.4 billion after a Series D in March 2022, the driverless technology startup
- Chinese Electric Vehicle maker BYD overtook Elon Musk's Tesla to top the chart of the global passenger EV market in Q4 2022.The car manufacturer grew 153% YoY in Q4 2022, to command a sizeable 20% market share ahead of Tesla's 12%. In the same quarter
- Koo, the Indian microblogging platform, is integrating OpenAI's ChatGPT to help users create posts. ChatGPT is an AI bot that can generate text in response to prompts, setting off a tech industry trend over generative AI.Koo's co-founder, Mayank Bidawatka, said that users can use ChatGPT
- There are concerns in the African startup landscape that the bank's closure is set to take a similar turn after the biggest collapse in the crypto ecosystem last year.
- Leading Chinese e-commerce firm JD.com announced in its unaudited financial results for the three months that ended December 31, 2022, that revenue growth slowed down.For the fourth quarter of 2022, JD.com reported net revenues of RMB295.4 billion (US$42.8 billion), representing a 7.1% increase
- Nigerian edtech startup, uLesson, which provides online K-12 education across Africa, is expanding into tertiary education with the launch of Miva Open University.The pan-African distant e-learning institution will be a fully-licensed degree-awarding institution offering undergraduate courses in…
- The VC landscape in Africa has grown significantly in recent years, with more investors and startups entering the market.But despite transactions recorded on the continent expanding at a compound annual rate of 32% between 2014 and 2021, according to an April 2022 report by AVCA, the continent's
- On-demand digital freight service provider Raaho founded by Mohammad Imthiaz Yunus and Radhika Aiyanna Codanda has raised Rs 20 crore ($2.4 million) from Inflection Point Ventures (IPV), Roots Ventures, and Blume Founders Fund as part of its extended pre-Series A round. The round follows a $1.65…
- Africa's most valuable tech firm Naspers has ceased operations of its R1.4 billion ($100 million) South Africa-focused venture capital fund Naspers Foundry, due to the impact of the global downturn on the venture capital sector, according to a report by a local news outlet, BusinessDay.The firm
- According to the latest figures from International Data Corporation (IDC), Kenya's smartphone market declined for the second consecutive quarter in Q4 2022, with shipments down 13.5% year on year (YoY).The report by the global technology intelligence firm noted that the decline was primarily caused…
- Female-led startups continue to struggle to raise as much money as their male counterparts, which has far-reaching implications for the industry, despite efforts to address this issue.
- Japanese technology major Nippon Telegraph and Telephone Corporation (NTT) has said it is on course to hit the $1 billion revenue mark in India given the strong demand environment there, according to its Global Chief Executive Officer, Abhijit Dubey.The Japanese firm, which has the third largest…
- According to global technology research and consulting firm, IDC, the Middle East and Africa (MEA) personal computing devices (PCD) market which is made up of desktops, notebooks, workstations, and tablets, is expected to make an 18.9% year on year decline in the first quarter of 2023.International…
- Binance, the world's largest crypto exchange firm, has continued to dominate the crypto space, as it takes more than half of the market share, marking an increase in its market share for the fourth consecutive month.According to market data culled by Coindesk from CryptoCompare, the crypto exchange
