News

The popular artificial intelligence chatbot ChatGPT, developed by OpenAI, experienced a global service disruption on Saturday, August 17, 2024.  The outage, which lasted for approximately 43 minutes, left users frustrated and unable to access the AI-powered platform. Cause of the…

BasiGo, a leading electric bus manufacturer, has secured a $10 million loan from the United States International Development Finance Corporation (DFC).  This funding is intended to significantly increase BasiGo’s fleet of electric buses and accelerate the country’s transition away from…

A federal High Court in Abuja refuted the Inspector General of Police’s  (IGP) action of ordering 12 banks and financial institutions to reverse billions of naira withdrawn from Flutterwave account. This huge sum of money was allegedly withdrawn at Wema…

The Independent Communications Authority of South Africa (ICASA) has announced a consultation on a proposed new licensing framework for satellite services in the country.  The move aims to establish a comprehensive regulatory and licensing framework for satellite services in South…

The recent outage of Guaranty Trust Bank’s (GTBank) website has sparked considerable concern among customers and industry observers.  Initially speculated to be the result of a cybersecurity attack, the true cause appears to be far less alarming: a delay in…

Samsung Electronics has officially launched the highly anticipated Galaxy Fold 6 and Galaxy Flip 6 in Kenya, marking a significant milestone in the company’s commitment to innovation in the mobile technology sector.  This announcement coincides with the opening of a…

South Africa has published a new national AI policy framework and is seeking feedback from stakeholders.  The Department of Communications & Digital Technologies is in charge of the framework.  National AI Policy in South Africa This framework is the first…

Changelabs, an entrepreneurship support organization, has launched its flagship Fintech for future accelerators in Egypt.  The initiative aims to help fintech startups develop their products and raise funding. Changelabs Launches MENA Fintech Accelerator The Program will support 12 innovative SMEs…

African Development Bank (AfDB) has approved a $10 million investment in the KawiSafi II Fund. The significant move is to support Africa’s Climate startups.  The investment was approved by the Bank’s Board of Directors and will be allocated from a…