Naija News Feed
Technology
African Startup Funding Holds Steady as Investors Back Fewer, More Established Companies
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Gabon Unveils Kimba Connect to Strengthen Cooperation Between Startups and Businesses
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South African Startup Cue Raises $5 Million to Expand AI Customer-Service Platform
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Artemis II Crew Praises European Contribution to Lunar Exploration
The crew of NASA’s Artemis II mission has publicly expressed gratitude to engineers in Germany and across Europe for their critical contribution to humanity’s return to deep space exploration. During a visit on Tuesday, the astronauts highlighted the importance of the European-built service module, which successfully powered the Orion spacecraft during its journey around the […] The post Artemis II Crew Praises European Contribution to Lunar Exploration appeared first on Tekedia.
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Crypto Sentiment Hits Two-Year Lows as Investors Navigate Uncertainty
The cryptocurrency market is once again facing a period of deep pessimism, with investor sentiment falling to its lowest levels in nearly two years. After months of volatile price action, regulatory concerns, macroeconomic pressures, and geopolitical tensions, market participants are showing increasing signs of caution. The decline in sentiment reflects growing fears that the digital […] The post Crypto Sentiment Hits Two-Year Lows as Investors Navigate Uncertainty appeared first on Tekedia.
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Intel Deploys ASML’s Next-Generation High NA Chipmaking Tool For Panther Lake
Intel has begun using ASML’s next-generation High Numerical Aperture (High NA) extreme ultraviolet (EUV) lithography system to manufacture parts of its flagship Panther Lake laptop processors, marking one of the first commercial deployments of the industry’s most advanced chipmaking equipment. The decision, which marks an important milestone in the evolution of semiconductor manufacturing, signals Intel’s […] The post Intel Deploys ASML’s Next-Generation High NA Chipmaking Tool For Panther Lake appeared first on Tekedia.
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IBM Stock Not A Buy, Jim Cramer Says After Shocking 25% Stock Plunge
CNBC’s Jim Cramer says IBM’s disappointing second-quarter preannouncement reflects a broader shift underway in enterprise technology spending, noting that the company is increasingly finding itself on the wrong side of the artificial intelligence investment boom. IBM shares plunged about 25% after the company unexpectedly warned that second-quarter revenue, earnings, and software growth would fall short […] The post IBM Stock Not A Buy, Jim Cramer Says After Shocking 25% Stock Plunge appeared first on Tekedia.
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Former Safaricom executive Michael Mutiga named Stanbic Bank Kenya CEO
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IBM Warns AI Infrastructure Spending Is Squeezing Software Budgets, Triggering Historic Stock Plunge And Raising Fresh Concerns For Enterprise Tech
IBM has delivered one of the clearest warnings yet that the artificial intelligence investment boom is reshaping corporate technology spending, saying customers are diverting billions of dollars from software projects to secure scarce AI infrastructure. The warning sent its shares tumbling and rattled the broader software sector. The technology giant said it had “faltered” in […] The post IBM Warns AI Infrastructure Spending Is Squeezing Software Budgets, Triggering Historic Stock Plunge And Raising Fresh Concerns For Enterprise Tech appeared first on Tekedia.
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Oil Climbs as U.S. Escalates Iran Strikes, Dollar Steadies, Gold Falls, and Treasury Yields Drop After Soft Inflation Data
Oil prices edged higher in volatile trading on Wednesday after the United States launched another wave of military strikes against Iran and reinstated a naval blockade of Iranian ports, reigniting concerns over crude supplies from the Middle East. U.S. West Texas Intermediate crude for August delivery rose 0.45% to $79.70 a barrel, while Brent crude […] The post Oil Climbs as U.S. Escalates Iran Strikes, Dollar Steadies, Gold Falls, and Treasury Yields Drop After Soft Inflation Data appeared first on Tekedia.
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SBI Funds’ IPO Fully Subscribed as Investors Bet on India’s Expanding Mutual Fund Market
SBI Funds Management’s $1.03 billion initial public offering (IPO) was fully subscribed on the second day of bidding on Wednesday, indicating strong investor confidence in India’s largest asset manager and growing optimism about the country’s rapidly expanding mutual fund industry. The IPO, which values the company at about 1.17 trillion rupees ($13.6 billion), or roughly […] The post SBI Funds’ IPO Fully Subscribed as Investors Bet on India’s Expanding Mutual Fund Market appeared first on Tekedia.
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Amazon found the formula for entering South Africa that Starlink refused
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Welcome Ikechukwu N. S. Dozie, New VC of FUTO
Great FUTOites, Please join me in congratulating and welcoming our new Vice Chancellor, Professor Ikechukwu N. S. Dozie, as he assumes the responsibility of leading our great institution to even greater heights. Our immediate past Vice Chancellor, the distinguished Professor Nnenna Oti, elevated service, leadership, and institutional excellence to an enviable level, earning FUTO widespread […] The post Welcome Ikechukwu N. S. Dozie, New VC of FUTO appeared first on Tekedia.
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Stripe and Advent Make $53bn Bid For Paypal In Blockbuster Fintech Deal as Payments Industry Enters New Consolidation Phase.
Stripe and private equity giant Advent International have made a joint offer to acquire PayPal Holdings for $60.50 per share, valuing the pioneering digital payments company at more than $53 billion in what would rank among the largest financial technology acquisitions on record. According to sources cited by Reuters, the proposal was submitted earlier this […] The post Stripe and Advent Make $53bn Bid For Paypal In Blockbuster Fintech Deal as Payments Industry Enters New Consolidation Phase. appeared first on Tekedia.
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Wall Street Banks Ride Record Massive Deals and Trading Boom, But Executives Warn Risks Are Building Beneath Markets
Wall Street’s largest banks delivered another quarter of exceptional earnings, powered by a resurgence in investment banking, record trading activity and blockbuster capital markets deals, underscoring how the artificial intelligence investment boom and elevated market volatility have become the industry’s biggest profit engines. Second-quarter results from JPMorgan Chase, Bank of America, Goldman Sachs, Citigroup and […] The post Wall Street Banks Ride Record Massive Deals and Trading Boom, But Executives Warn Risks Are Building Beneath Markets appeared first on Tekedia.
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World Stocks Steady As AI Rally Offsets Oil Shock; ASML Lifts Chip Sector While Markets Weigh Fed Outlook And Middle East Risks
World equity markets traded cautiously on Wednesday as renewed enthusiasm for artificial intelligence-related stocks, sparked by stronger-than-expected results from Dutch chip equipment giant ASML, offset rising geopolitical tensions after fresh hostilities involving Iran pushed oil prices higher. The mixed performance highlighted the competing forces driving global markets: optimism over AI-driven corporate earnings and technology investment […] The post World Stocks Steady As AI Rally Offsets Oil Shock; ASML Lifts Chip Sector While Markets Weigh Fed Outlook And Middle East Risks appeared first on Tekedia.
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How teaching AI your career could become the smartest job search strategy
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Why Visa, Mastercard, and Coinbase Are Backing Open USD
Circle Internet Group is facing a fresh wave of skepticism from Wall Street as analysts increasingly question whether the stablecoin issuer can maintain its competitive advantage in a rapidly evolving digital payments market. The latest blow came from investment bank Mizuho, which downgraded Circle’s stock to underperform and slashed its price target from $85 to […] The post Why Visa, Mastercard, and Coinbase Are Backing Open USD appeared first on Tekedia.
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Nigeria’s central bank wants every retail dollar traced with digital tracker
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Bitcoin Surges Past $65,000: Is The Bull Run Back on?
Bitcoin has climbed back above the key $65,000 level, drawing fresh attention from traders and crypto enthusiasts. The crypto asset continued its recovery on Wednesday, trading around $65,551 after gaining more than 4% in the previous session. Recent trading data shows the surge followed a period of consolidation in the low-to-mid $60,000 range earlier in […] The post Bitcoin Surges Past $65,000: Is The Bull Run Back on? appeared first on Tekedia.
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Schneider Electric says Africa’s electricity grid is the next AI battleground
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Paystack expands Pesalink partnership to bring bank transfers into checkout
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Why Goldenbet Is The Best Platform For Secure Betting
Introduction Online sports betting and live casino gaming are thrilling, but platform safety must always be your top priority. Goldenbet stands out as an industry leader by combining strict licensing, advanced encryption, and guaranteed payouts to deliver a highly secure betting environment. Key Takeaways Verified Licensing: Legal protection through international gaming authorities. Data Protection: Advanced […] The post Why Goldenbet Is The Best Platform For Secure Betting appeared first on Tekedia.
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India-UK Free Trade Agreement Takes Effect, Opening Billions in Trade, Investment, and Services Opportunities
India and the United Kingdom’s landmark free trade agreement officially came into force on Wednesday, ushering in one of the most significant bilateral trade deals signed by either country in recent years. The pact eliminates or reduces tariffs on thousands of products, expands market access for services companies and professionals, and is expected to deepen […] The post India-UK Free Trade Agreement Takes Effect, Opening Billions in Trade, Investment, and Services Opportunities appeared first on Tekedia.
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Japan PM Takaichi Dismisses Link Between Policy Blueprint And Bond Market Rout As Scrutiny Over Fiscal Shift Intensifies
Japanese Prime Minister Sanae Takaichi on Wednesday rejected suggestions that her government’s draft economic blueprint triggered the sharp selloff in Japanese government bonds (JGBs), as investors continue to question whether Tokyo is moving away from decades of fiscal restraint while exerting greater influence over monetary policy. Speaking in parliament, Takaichi said it was incorrect to […] The post Japan PM Takaichi Dismisses Link Between Policy Blueprint And Bond Market Rout As Scrutiny Over Fiscal Shift Intensifies appeared first on Tekedia.
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ASML Lifts Outlook Again As AI Chip Boom Fuels Record Demand, Expands Production Capacity Despite China Export Curbs
ASML raised its full-year guidance for the second time this year after posting stronger-than-expected second-quarter results, as the artificial intelligence investment boom continues to drive unprecedented demand for advanced semiconductor manufacturing equipment despite investors’ concern about the sustainability of industry spending. The Dutch semiconductor equipment maker, the world’s sole supplier of extreme ultraviolet (EUV) lithography […] The post ASML Lifts Outlook Again As AI Chip Boom Fuels Record Demand, Expands Production Capacity Despite China Export Curbs appeared first on Tekedia.
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Small, Sustainable, Scalable.
Moyosoreoluwa Ogundipe, President, Parere_Inc, USA. Introduction Businesses usually start small. Although some can secure the resources to skip the small-business stage, most businesses experience it for a couple of years, while some remain there. Small businesses are often hailed as a vital segment of our national and local economies and a primary driver of U.S. […] The post Small, Sustainable, Scalable. appeared first on Tekedia.
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Romania’s Digital Product Economy and the Business of Frictionless Online Experiences
Romania has become one of Eastern Europe’s most interesting environments for digital entrepreneurship. Its combination of strong technical talent, widespread connectivity and a growing appetite for mobile services has created favorable conditions for startups, software companies and entertainment platforms. From fintech applications to gaming products, Romanian consumers increasingly expect online services to be fast, intuitive […] The post Romania’s Digital Product Economy and the Business of Frictionless Online Experiences appeared first on Tekedia.
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Distribution-Market Fit: the missing milestone between product-market fit and scale
Almost none of the African startups that died in the last five years died because the product was bad. The graveyard is full of great products that died after they hit product-market fit. And nobody has a clear explanation, apart from blaming funding. I have been sitting with this thought for years, and Chimoney is […] The post Distribution-Market Fit: the missing milestone between product-market fit and scale appeared first on Tekedia.
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OnePlus is pulling out of the US and Europe: What we know so far
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Digital lenders top Kenya’s consumer complaint list despite reforms
TechCabal -
👨🏿‍🚀TechCabal Daily – Amazon finds space in SA
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AI Demand Drives SK Hynix Higher as Smartphone Industry Faces Memory Shortages
SK Hynix has officially entered Wall Street history. The South Korean memory-chip giant made its Nasdaq debut at $149 per share, raising more than $26 billion in what has become the largest foreign listing ever completed on a US exchange. Yet the celebration was quickly followed by turbulence, as the company’s Seoul-listed shares plunged 15.4% […] The post AI Demand Drives SK Hynix Higher as Smartphone Industry Faces Memory Shortages appeared first on Tekedia.
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European Union Backs Major Chip Investment Amid Global Semiconductor Race
The European Union has approved Germany’s plan to invest €659 million in semiconductor manufacturing facilities, marking another significant step in Europe’s broader effort to strengthen technological sovereignty and reduce dependence on foreign chip suppliers. The decision comes at a time when semiconductors have become one of the most strategically important commodities in the global economy, […] The post European Union Backs Major Chip Investment Amid Global Semiconductor Race appeared first on Tekedia.
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AFX Launches Sovereign Layer 1 to Compete in the Exploding Perpetual Futures Market
Perpetual decentralized exchanges (Perp DEXs) have emerged as one of the most active sectors in the cryptocurrency industry, signaling a major shift in how traders access leverage, liquidity, and derivatives markets. With approximately $21.9 billion in daily trading volume, perpetual futures platforms are increasingly competing with centralized exchanges, demonstrating that on-chain trading infrastructure is becoming […] The post AFX Launches Sovereign Layer 1 to Compete in the Exploding Perpetual Futures Market appeared first on Tekedia.
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Why Apple Is Outperforming the Smartphone Market in 2026
Apple’s ascent to a new all-time high has become one of the most remarkable stories in global markets. On July 13, the technology giant closed at $317.31 per share, lifting its market capitalization to roughly $4.7 trillion. The achievement is particularly striking because it comes at a time when the broader smartphone industry is struggling. […] The post Why Apple Is Outperforming the Smartphone Market in 2026 appeared first on Tekedia.
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