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Nigeria-based wealthtech startup Cova has announced its closure, marking the end of its operations in the financial technology sector. The company, known for its innovative platform that allowed users to consolidate and track their assets in one place, has decided…
The United States Agency for International Development (USAID) is now accepting applications for the Science for Development Fellowships (SDF) Program 2024-2026, providing a valuable opportunity for early- to mid-career scientists and engineers. The program, which is focused on driving innovation…
Nigerian Vice President, Senator Kashim Shettima has called on African leaders to prioritize technology and digital skills in order to prepare the continent’s youth for the future. Speaking at a recent conference on youth empowerment, Senator Shettima emphasized the importance…
Supermarkets are turning to artificial intelligence (AI) to sell more near-expired goods and cut food waste. According to a recent report, supermarkets are missing out on untapped revenue from selling food that’s about to expire, as store workers waste hours…
The UNDP has launched the “Timbuktoo” initiative, a $1 billion financing program aimed at revolutionizing the African startup ecosystem. This initiative, promoted by the UNDP and African leaders, seeks to address critical gaps and work with African governments, investors, corporations,…
Kuda Bank, the Nigerian neo-banking app, has hit a new record of 7 million customers, according to a recent announcement by the company. The CEO of Kuda Bank, Babs Ogundeyi, expressed his excitement about the milestone and attributed the success…
Sam Altman, the ever-ambitious CEO of Open AI, is venturing into uncharted territory, embarking on a quest to raise billions of dollars for a colossal project: a network of AI chip factories. This audacious undertaking has thrust Open AI, the…
In a move that ignites the AI arms race, Elon Musk’s enigmatic xAI has secured a staggering $500 million investment, propelling the fledgling company towards a $1 billion valuation and reigniting speculation about its enigmatic goals. However, Musk has denied…
De Lorenzo SpA, an Italian firm that develops and manufactures training equipment, has donated 1,000 e-learning solutions to Nigeria’s National Information Technology Development Agency (NITDA). The donation was confirmed by the President of De Lorenzo SpA, Mr. Luciano Prosperi, who…
In a surprising move, former Lagos State Governor and All Progressives Congress (APC) National Leader, Bola Tinubu, has lifted the cryptocurrency ban in Nigeria. Tinubu made the announcement during a press conference in Lagos on Thursday, January 18, 2024. The…