Google Owes Russia More Than We Can Count—We’re Talking 2 Followed by 36 Zeroes! Russia is demanding a staggering amount from Google, asserting that the tech giant owes the Kremlin over 2… TechCity

Google Wins Shorts Trademark Lawsuit in the UK Google wins Shorts trademark lawsuit on Thursday after a British short film company claimed infringement over YouTube’s “Shorts” platform.… TechCity

The Australian Government is enhancing Africa’s capacity to address the growing effects of climate change and tackle food insecurity through a new Africa-Australia Partnership for Climate Responsive Agriculture. Scheduled to be announced at the Commonwealth Heads of Government Meeting, where climate change is a key focus, the Partnership will leverage Australian expertise to enhance the […] The post Strengthening food security in Africa appeared first on Tech In Africa.

The Central Bank of Kenya (CBK) reported that UBA Kenya breached capital requirements, failing to meet the 8% minimum core capital-to-deposit ratio due to ongoing losses. Three sources with direct knowledge said the CBK also fined the lender; however, UBA stated in a release that it was unaware of any fines. UBA Kenya is one […] The post Kenya’s central bank reports that UBA has breached capital regulations appeared first on Tech In Africa.

Google Grants N2.8 Billion to Boost AI Talent in Nigeria The Federal Ministry of Communications, Innovation & Digital Economy (FMCIDE) announced on Thursday that Google grants N2.8 billion to support… TechCity

With search engines being a multibillion-dollar industry—Google Search alone generated up to $175 billion last year, according to Statista—it’s unsurprising that Meta is reportedly aiming to capture a share by developing its own AI-powered search engine. This move could position Meta as a major player in the search engine market, potentially reducing global reliance on […] The post Meta is reportedly developing a new AI-driven search engine appeared first on Tech In Africa.

Sistema.bio, a Nairobi-based biogas technology company, has announced the acquisition of Inclusive Energy (IE), a digital monitoring platform for solar and biogas systems, shortly after securing $15 million to scale clean energy technology across Africa. This acquisition enhances the company’s capacity to provide high-impact biogas solutions with improved digital monitoring, reporting, and verification (MRV) capabilities, […] The post Sistema.bio has acquired Inclusive Energy to enhance its operations through digital monitoring appeared first on Tech In Africa.

On October 11, 2024, Crypto Fest held its sixth annual gathering at Cape Town’s iconic DHL Stadium. The event attracted a vibrant audience of 403 attendees from 16 countries, with an impressive 93% representation from the African continent. Bringing together professionals from various sectors, including financial institutions (37%), fintechs and startups (27%), software development (9%),consulting […] The post Crypto Fest 2024 Showcases Blockchain Innovation in Cape Town appeared first on Tech In Africa.

Apple’s New MacBook Pro Features: M4 Chips, Advanced Display, and More Apple’s new MacBook Pro lineup is here, featuring the powerful M4 chip family, Apple Intelligence, and an upgraded… TechCity

NEC Corporation, a pioneer in the integration of IT and network technologies, is collaborating with Cisco to offer a new private 5G network solution. The design incorporates the Cisco 5G SA Core and a Cloud Control Center, as well as NEC XON’s proven radio network and systems integration services in South Africa. Private 5G networks […] The post Pioneering IT & Network Integration: New Private 5G with Cisco first appeared on IT News Africa | Business Technology, Telecoms and Startup News.

“The CBN isn’t happy with how customers have been complaining about banks in the past couple of months. That’s why it is stepping in,” one of those people said.

Two of the most cherished and reliable companies in South Africa, First National Bank (FNB) and Pick n Pay, have joined forces to provide their joint consumers with extra benefits, enabling them to save more on groceries, clothing, and daily necessities. This follows the popularity of the recent 99-cent bread incentives. Starting November 1, all FNB […] The post South Africa’s Popular Brands Offer Savings on Essentials first appeared on IT News Africa | Business Technology, Telecoms and Startup News.

Nigeria’s push toward Artificial Intelligence (AI) advancement has gained momentum with a N2.8 billion investment from Google, aimed at enhancing innovation and nurturing tech talent across the country. This announcement was made in Abuja on Thursday, an initiative which  forms part of Google’s larger $5.8 million commitment to digital skill-building programs across Sub-Saharan Africa. At […] The post Google Invests N2.8 Billion In Nigeria’s AI Development To Boost Digital Skills And Innovation first appeared on BizWatchNigeria.Ng.

TAP Rolls Out New Feature Nigerian Tekedia-backed tech startup, Touch and Pay Technologies (TAP),, has rolled out a new feature for transport support… TechCity

South Africa’s technology and telecom mall, Vodacom World has undergone an exciting transformation. The Midrand Mall has been revamped to provide an immersive experience while empowering customers with Vodacom’s innovative goods, services, and support. Vodacom World, which debuted in 1998, was rebuilt in 2018 into a single-store concept, allowing Vodacom to streamline and tailor client […] The post South Africa’s Telecom Mall in Midrand Unveils New Redesign first appeared on IT News Africa | Business Technology, Telecoms and Startup News.

Only 1 in 100 Nigerians spends ₦1 million ($609) monthly and 65% earn less than ₦100,000 ($61) monthly, Piggyvest report shows.

It’s a great time to work in compliance& fraud monitoring, with fintechs recruiting from banks and other fintechs since the April onboarding ban. Will these hires be enough to satisfy regulators?

The company will also launch its remittance payment service, Coins by Bamboo. The product will enable diaspora money transfers to Africa, to reduce high cross-border fees through fee-free transfers and competitive exchange rates. 

Building for the People: How Kuda Leverages Customer Feedback to Shape its Product Development In today’s fast-paced digital world, the success of fintech companies hinges on their ability not only to listen… TechCity

In today’s edition: Globacom appoints Ahmad Farroukh as new CEO || Wasoko-MaxAB appoints technical advisor || Access Bank gets first approval for NBK acquisition

Russia has imposed an unprecedented fine of $2.5 decillion on Google, marking a world record, after years of disputes over Google’s refusal to restore the accounts of pro-Kremlin and state-run media outlets, according to the RBC news website, citing an anonymous source. This dispute began in 2020 when Russian pro-government media outlets, Tsargrad and RIA […] The post Google To Pay Russia $2.5 Decillion Over YouTube Bans first appeared on BizWatchNigeria.Ng.

Nigerian insurtech company ETAP is expanding into Ghana through a joint partnership with Ghana’s leading insurance firm, Hollard Insurance Ghana. The partnership will allow Hollard Insurance to underwrite the insurance while ETAP will provide the tech platform and run the operations.

This appointment marks the first time Nigeria’s third-largest mobile network operator will be led by someone other than its founder, Mike Adenuga.

NETSCOUT’s 1H2024 DDoS Threat Intelligence Report (TIR) reveals a continued increase in Distributed Denial of Service (DDoS) attacks across Southern Africa, marking the region as a growing hotspot for cyber threats. T This trend is consistent with the rise in DDoS activity worldwide, which has seen a 43% increase in application-layer attacks and a 30% rise in volumetric […] The post NETSCOUT Reveals Rising DDoS Threats in Southern Africa first appeared on IT News Africa | Business Technology, Telecoms and Startup News.

If you’ve heard a lot of buzz about artificial intelligence (AI) and data analytics but felt like it’s only for tech experts, think again! The truth is these tools are no longer reserved for large companies or IT wizards. AI and data analytics are becoming easier to use, offering powerful ways to improve your business […] The post Transform Your Business Using AI: 6 Tips from Warren Bonheim first appeared on IT News Africa | Business Technology, Telecoms and Startup News.

KCB Group announced in March 2024 that it agreed to sell National Bank for 1.25x of the bank’s book value. Given NBK’s book value of $79.77 million in 2023, the deal could be priced around $100 million.  

Volante Technologies, the Payments as a Service (PaaS) pioneer, announces a strategic relationship with Standard Bank to modernize payment infrastructure across the African continent. This is one of the most ambitious PaaS payment arrangements in history, with no other payment providers serving as many countries for a single customer on their PaaS cloud. The groundbreaking […] The post Modernizing Africa’s Payment Infrastructure with PaaS first appeared on IT News Africa | Business Technology, Telecoms and Startup News.

Opay Wins BAFI Award Leading financial technology firm, OPay, has been recognised as the ‘Mobile Payment Solutions Provider of the Year’ . The… TechCity

After the August merger, which was first announced in December 2023, the entity is now valued at over $500 million, based on a financial report from VNV Global, one of its investors. 

Moniepoint Rises To Unicorn Status With New Funding Nigerian fintech, Moniepoint has attained “unicorn” status, with its latest $110m funding from investors. The Series C funding… TechCity

You want luxury and guess what—the UAE is just the place for you. I mean, look around, it’s like Audi, BMW, Ferrari, and Lamborghini are practically on every corner. These brands know how to please the deep-pocketed locals and visitors. For those adrenaline junkies out there, don’t worry, the cars come packed with all those […] The post Luxury Cars in the UAE Dominating with AI and Advanced Tech first appeared on IT News Africa | Business Technology, Telecoms and Startup News.

Broadband penetration in Nigeria decreases to 41.56% in September, despite ongoing efforts to reach a target of 70% through the National Broadband Plan (NBP 2020-2025). This data is provided by the Nigerian Communications Commission (NCC). The number of Nigerians with access to high-speed internet declines from 94.3 million in March to 90.1 million in September, […] The post Nigeria’s Broadband Penetration Falls To 41.56% Amid National Broadband Plan Implementation first appeared on BizWatchNigeria.Ng.

In today’s edition: Moniepoint is Africa’s latest unicorn|| Access Bank to sell dollar-denominated securities || Globacom sees 62% decline in active customers

A new railway in Tanzania could accelerate economic growth in East Africa. Tanzanian authorities hope the country’s first electric-powered train, connecting the capital Dodoma with the port city of Dar es Salaam, will inspire rail projects in neighboring countries, positioning Tanzania’s line as a gateway to the Indian Ocean. The US and China are competing […] The post Tanzania’s first electric train has the potential to boost economic development across East Africa appeared first on Tech In Africa.

Google is strengthening its support for AI training in sub-Saharan Africa with a new $5.8 million commitment to equip the workforce with vital AI skills. This funding will support programs that help people across various sectors learn to use AI tools and integrate AI into their work, preparing them for an AI-driven future. Programs focused […] The post Google announces a $5.8 million investment in Africa appeared first on Tech In Africa.

Ghanaian agritech company Oyster Agribusiness has secured $2 million to enhance its climate-smart farming initiatives. The funding round, led by Pangea Africa Limited, also received support from Root Capital, RDF Ghana, and Sahel Capital’s SEFAA Fund. With this funding, Oyster aims to expand its reach to more farmers and bolster its climate-focused initiatives, which are […] The post Ghana’s agricultural technology sector receives $2 million in funding appeared first on Tech In Africa.