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Technology
Africa’s last-mile electricity problem cannot be solved by markets alone
Kenya illustrates the problem. Successive governments have spent years extending the national grid, including through the Last Mile Connectivity and rural electrification programmes. But Gitonga points to populations whose lifestyles make it particularly difficult to implement conventional electrical infrastructure.
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Power Brunch: Nigeria’s data sovereignty push goes beyond local servers
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OpenAI Reports Rogue AI Agent Incident to European Commission
EU regulator says incident reports must be precise as scrutiny intensifies over autonomous AI systems and their ability to evade controls OpenAI has submitted an incident report to the European Commission after a swarm of its artificial intelligence agents hijacked a German website and repurposed it as a communication platform for other AI agents, adding […] The post OpenAI Reports Rogue AI Agent Incident to European Commission appeared first on Tekedia.
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Trump Threatens to Block Bombardier Jets From U.S. Market Unless Canada-Based Maker Builds in America
U.S. President Donald Trump has threatened to shut Canadian business jet maker Bombardier out of the U.S. market unless the company begins manufacturing aircraft in the United States, escalating an already tense trade dispute between Washington and Ottawa. “NO MORE SELLING BOMBARDIER IN THE UNITED STATES! Their products aren’t good enough!” Trump said Monday in […] The post Trump Threatens to Block Bombardier Jets From U.S. Market Unless Canada-Based Maker Builds in America appeared first on Tekedia.
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Kenya’s Flowt raises pre-seed round as it targets $1 million SME loan book
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The platforms that help Kenyans get paid are changing the rules
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Fintech won in Francophone Africa. Now what?
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What Does Flutter Leaving the London Stock Exchange Mean for FanDuel’s Growth
August 3 marks the date that Flutter Entertainment officially left the London Stock Exchange. While this has raised questions over the future performance of Flutter stock and its FanDuel brand, we need to look more closely at the market to understand how this fits in the overall growth plans for FanDuel. The Full Story of the […] The post What Does Flutter Leaving the London Stock Exchange Mean for FanDuel’s Growth appeared first on Tekedia.
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ARC Ride raises $33.3 million to expand its battery-swapping model beyond Kenya
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Create Better Video Ads in Minutes with BuzzHooks
Before AI, making a video ad meant you had to scout locations, set up a shoot, and piece it all together in the edit. As a small business, it was nearly impossible to afford this process at scale. Fortunately, AI video tools are starting to change that, and BuzzHooks is one of the best options. […] The post Create Better Video Ads in Minutes with BuzzHooks appeared first on Tekedia.
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AI Can Transform Medicine, But It Cannot Cure Human Nature
Artificial intelligence is rapidly transforming medicine, creating extraordinary possibilities for diagnosing diseases, discovering drugs and personalizing healthcare. Yet the enthusiasm surrounding AI has also produced increasingly ambitious predictions about its ability to eliminate disease. Demis Hassabis, co-founder of Google DeepMind, captured this optimism when he suggested on “60 Minutes” that humanity could potentially cure all […] The post AI Can Transform Medicine, But It Cannot Cure Human Nature appeared first on Tekedia.
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👨🏿‍🚀TechCabal Daily – A $451 million divestiture
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Young Workers Defy Fears as AI Creates 1 Million Jobs in America
The latest American jobs data is challenging one of the most persistent assumptions surrounding artificial intelligence: that young workers will be among the first and biggest casualties of automation. While AI is undoubtedly disrupting companies, occupations and traditional career paths, the labour market is telling a more complicated story. Rather than simply destroying jobs, AI […] The post Young Workers Defy Fears as AI Creates 1 Million Jobs in America appeared first on Tekedia.
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Canada’s Tariffs Challenge America’s Trade Leverage
Canada’s decision to impose retaliatory tariffs on American goods marks a significant escalation in the trade dispute between the two North American neighbours. The measures, introduced under Prime Minister Mark Carney, are designed to match the tariffs imposed by the United States after trade negotiations broke down. While President Donald Trump’s position is that the […] The post Canada’s Tariffs Challenge America’s Trade Leverage appeared first on Tekedia.
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CBN Data Localisation Deadline: What to Check Before Signing a Cloud Service Agreement
Introduction In 2022, I wrote a piece titled “Cloud Heavy: Data Computing & Protection”, arguing that proponents of data sovereignty and data localisation would, sooner or later, win the policy argument. At the time, it was a forward-looking observation rather than a live compliance issue: cloud computing was expanding across Nigerian businesses faster than the […] The post CBN Data Localisation Deadline: What to Check Before Signing a Cloud Service Agreement appeared first on Tekedia.
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“No Clarity Act This Congress Means Waiting Until 2030” – Senator Lummis Warns
U.S. Senator Cynthia Lummis issued a stark warning this week stating that failure to pass the Digital Asset Market Clarity Act during the current Congress would push the next realistic opportunity for comprehensive cryptocurrency market structure legislation to 2030. In a post on X, Lummis stated, “If the Clarity Act doesn’t pass this Congress, the […] The post “No Clarity Act This Congress Means Waiting Until 2030” – Senator Lummis Warns appeared first on Tekedia.
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Japan’s Foreign Reserves Suffer Record Drop as Yen Intervention Intensifies
Reserves fall 6.18% in August as Tokyo’s dollar-selling interventions and rising global bond yields weigh on holdings Japan’s foreign-exchange reserves recorded their sharpest monthly decline since comparable records began in 2000, falling 6.18% in August as Tokyo’s efforts to support the yen coincided with a selloff in global government bonds. Reserves stood at $1.207 trillion […] The post Japan’s Foreign Reserves Suffer Record Drop as Yen Intervention Intensifies appeared first on Tekedia.
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ECB Interest Rate Hike: Rising Inflation and Bond Yields Put Europe on Alert
The European Central Bank (ECB) is approaching another potentially consequential interest-rate decision as policymakers confront an increasingly difficult economic environment. At Thursday’s meeting, markets expect the ECB to raise interest rates by another quarter of a percentage point, following a similar increase in June. The expected move reflects growing concern that inflation is proving more […] The post ECB Interest Rate Hike: Rising Inflation and Bond Yields Put Europe on Alert appeared first on Tekedia.
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China’s $53.6 Billion Insurer Recapitalization to Unlock More Stock-Market Investment – Analysts Say
China is preparing to inject up to 360 billion yuan ($53.6 billion) into major state-owned insurers and banks, a move analysts say could ease solvency pressures on the insurance sector and give Beijing greater scope to channel long-term institutional capital into the stock market. Five state-owned insurers and three banks announced plans on Sunday to […] The post China’s $53.6 Billion Insurer Recapitalization to Unlock More Stock-Market Investment – Analysts Say appeared first on Tekedia.
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Nvidia Supplier Wistron Seeks Up to $1.48bn from Investors as AI Server Demand Surges
Taiwanese electronics manufacturer Wistron Corp, a key supplier to Nvidia, is seeking to raise as much as $1.48 billion from international investors as it expands production to meet surging demand for artificial intelligence servers and related hardware. Wistron launched an offering of 25 million global depositary shares (GDS), each representing 10 of the company’s common […] The post Nvidia Supplier Wistron Seeks Up to $1.48bn from Investors as AI Server Demand Surges appeared first on Tekedia.
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“Our Energy Exports Will Not Be Held Hostage:” UAE Accelerates Move to Reroute Energy Exports as Iran War Exposes Gulf Vulnerabilities
Abu Dhabi expands ports, pipelines and alternative trade corridors as Gulf states seek greater economic and security autonomy from the Strait of Hormuz The United Arab Emirates is accelerating efforts to develop alternative routes for energy exports and international trade, seeking to ensure that its economy is not held hostage by the continuing conflict between […] The post “Our Energy Exports Will Not Be Held Hostage:” UAE Accelerates Move to Reroute Energy Exports as Iran War Exposes Gulf Vulnerabilities appeared first on Tekedia.
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Europe’s Isar Aerospace Reaches Orbit, Setting Commercial Space Challenge with SpaceX
German rocket maker Isar Aerospace has reached orbit for the first time, marking a major step forward for Europe’s effort to build an independent commercial launch industry and challenge the dominance of U.S. providers such as SpaceX. The Munich-based company’s Spectrum rocket reached low Earth orbit on Saturday and successfully deployed its payloads during its […] The post Europe’s Isar Aerospace Reaches Orbit, Setting Commercial Space Challenge with SpaceX appeared first on Tekedia.
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8 Patents Issued by Federal Republic of Nigeria to Contisx
Good People, I am pleased to announce that Contisx Securities Exchange Plc, which is scheduled to launch next month, has received its eighth patent from the Federal Republic of Nigeria. Presented below are the eight patents issued to the Exchange.   System and Method for Structuring, Issuing, Trading, and Settling Standardized Economic Instruments Representing Real-World […] The post 8 Patents Issued by Federal Republic of Nigeria to Contisx appeared first on Tekedia.
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Uganda’s SANDI AI takes $50,000 GoGettaz prize for collateral-free farmer lending
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Nigeria’s Education Ministry opens ₦50M equity-free grant to student founders
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The Best Budget Laptops for Students Right Now
The Best Budget Laptops for Students Right Now A good student laptop doesn’t need to cost a fortune. For most students, a laptop needs to handle… TechCity
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Oil Near $98 as Hormuz Attacks Deepen Supply Risks and Treasury Yields Face 4.8% Test
Escalating attacks on tankers threaten a wider oil shock as investors also confront rising U.S. borrowing costs and mounting fiscal pressures Oil prices hovered near six-week highs on Monday as escalating attacks involving the United States and Iran disrupted commercial shipping through the Strait of Hormuz, raising the prospect of a more severe energy-supply shock […] The post Oil Near $98 as Hormuz Attacks Deepen Supply Risks and Treasury Yields Face 4.8% Test appeared first on Tekedia.
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Ethereum co-founder Vitalik Buterin Rejects Claim That AI Could Crash Bitcoin by 50%
Ethereum co-founder Vitalik Buterin has firmly rejected a prediction that advances in artificial intelligence could undermine Bitcoin’s security and trigger a price drop of more than 50% within two years. In a direct response on X, Buterin said he takes the opposite side of the forecast, noting that roughly 90% of his net worth is […] The post Ethereum co-founder Vitalik Buterin Rejects Claim That AI Could Crash Bitcoin by 50% appeared first on Tekedia.
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German Economy Faces New Threat From Cyberattacks, Espionage and Disinformation
Germany’s corporate sector is confronting a security challenge that increasingly extends beyond traditional espionage and physical sabotage. According to a survey by the German Economic Institute (IW), one in five companies says it is already feeling the effects of hybrid threats originating from abroad. These threats include cyberattacks, disinformation, espionage and sabotage, highlighting how geopolitical […] The post German Economy Faces New Threat From Cyberattacks, Espionage and Disinformation appeared first on Tekedia.
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Mukuru wants Botswana’s phones to do more than receive and send money
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How PIDG helped 24 Nigerian companies raised $247 million at home
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Nigeria needs 62.5 million more NINs in six months to hit World Bank deadline
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South Korea, U.S. Discuss $22.3 Billion Texas Gas Project to Power AI Data Centers
South Korea and the United States are discussing a potential investment of about $22.3 billion in a Texas gas-fired power project designed to supply electricity to the rapidly expanding network of artificial intelligence data centers, according to South Korean media reports. The project would involve construction of a 6.3-gigawatt gas power plant in Encinal, Texas, […] The post South Korea, U.S. Discuss $22.3 Billion Texas Gas Project to Power AI Data Centers appeared first on Tekedia.
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Huawei Unveils $3,725 Tri-Fold Phone as China Premium Smartphone Battle Intensifies
Huawei unveiled its latest flagship tri-fold smartphone series on Monday, doubling down on premium devices as it seeks to protect its lead in China’s competitive high-end handset market against Apple and Xiaomi. The new Mate XT2 series features smartphones that fold twice and expand into tablet-sized displays, making Huawei the only major smartphone brand currently […] The post Huawei Unveils $3,725 Tri-Fold Phone as China Premium Smartphone Battle Intensifies appeared first on Tekedia.
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Data Centers Become 2026 Election Issue as Local Backlash Threatens AI Buildout
Wall Street is now treating data-center politics as a risk to the artificial intelligence investment boom, with several closely contested U.S. House and Senate races being watched for their potential impact on projects planned by technology companies and hyperscalers. The issue has gained prominence as Microsoft, Alphabet, Amazon, Meta and other technology companies commit hundreds […] The post Data Centers Become 2026 Election Issue as Local Backlash Threatens AI Buildout appeared first on Tekedia.
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OpenAI Chief Scientist Calls for AI Slowdown, Warns Agents Could Evade Control
Days after OpenAI unveiled a new highly capable artificial intelligence model, the company’s chief scientist, Jakub Pachocki, has called for a slowdown in AI development, warning that society is not prepared for the consequences of autonomous and intelligent machines. In a lengthy blog post published Sunday, Pachocki said he was concerned that “no one is […] The post OpenAI Chief Scientist Calls for AI Slowdown, Warns Agents Could Evade Control appeared first on Tekedia.
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