Interswitch, a prominent digital payment and commerce company in Africa, has unveiled the nine contenders who will vie for a portion of the N12.5 million scholarships in the 5th installment of the InterswitchSPAK National Science Competition. The event is scheduled for Sunday, January 21, 2024, marking a significant milestone as it commemorates the competition’s fifth […]

The Plateau State Government in Nigeria is initiating a collaborative effort with the Algorand Foundation, an organization dedicated to enhancing the ecosystem for the world’s most advanced, secure, and reliable layer-1 blockchain. Their goal is to create pilot programs utilizing blockchain technology. Playing a pivotal role in governing and administering state services, the Plateau State […]

Wema Bank, a leading innovative bank and the pioneer of Africa’s inaugural fully digital bank, ALAT, has declared the appointment of two accomplished industry professionals, Segun Opeke and Yusuf Kazaure, to the Board of Directors, subsequent to the approval of the Central Bank of Nigeria (CBN). Segun Opeke, an alumnus of the University of Lagos, […]

Mastercard has appointed Folasade Femi-Lawal as the new Country Manager and Area Business Head for West Africa. Folasade brings over 25 years of diverse experience spanning financial services, management consulting, telecommunications, and business advisory services to her role. As Country Manager, Folasade is tasked with driving the company’s strategic vision, innovation, and growth agenda. She […]

Blockchain platform peaq announces an ecosystem expansion with the inclusion of PowerPod, a venture aiming to decentralize electric vehicle (EV) charging infrastructure. PowerPod focuses on establishing a decentralized physical infrastructure network (DePIN) comprised of community-owned EV charging stations. In this collaboration, peaq will serve as the layer-1 backbone for PowerPod’s DePIN. It will handle tasks […]

In recent times, the technological landscape of Nigeria has undergone significant changes, with a particular sector emerging as a key player in driving business and fostering economic development: the mobility industry. From solutions for urban transportation to freight and trucking services, the mobility sector has become a cornerstone of Nigeria’s journey into digital transformation. In […]

Kenyan electric mobility firm Roam has secured $24 million in funding to accelerate its initiatives in enhancing transportation across Africa. Equator Africa led the Series A funding round, with participation from notable investors such as At One Ventures, TES Ventures, and the US government’s DFC. This investment will support Roam in expanding the production of […]

The Nigerian Association of Road Transport Owners (NARTO) has announced its decision to halt operations starting today (Monday). Yusuf Othman, NARTO’s national president, conveyed this information through an official press statement from Abuja. Othman emphasized that the decision to suspend truck operations is due to the association’s financial challenges, stating that operational costs exceed total […]

A recent research report highlighted that funding for healthtech led by women experienced remarkable growth, increasing by over 2,000%. In 2022, women-led healthtech accounted for a marginal share of 1% in total funding, but this figure surged to 31% in 2023. The report, titled “2023 RoundUp: Investments in African HealthTech,” was launched by healthcare consulting […]

Between 2011 and 2019, life expectancy across sub-Saharan Africa rose from 57.56 to 61.24 years. In the wake of the COVID-19 pandemic, there has been a notable increase in life expectancy in Africa, a region that, at the turn of the millennium, saw life expectancy at just 50 years. The rise is attributed to factors such as […]