Naija News Feed
Technology
China’s Economic Growth Expected to Edge Up to 4.4% as Export Boom Masks Weak Domestic Demand
China’s economic growth is expected to have accelerated slightly in the third quarter, supported by resilient exports, demand for high-tech products and fresh government stimulus, although persistent weakness in domestic consumption and investment is likely to keep pressure on Beijing to introduce further measures to sustain the recovery. Gross domestic product (GDP) is forecast to […] The post China’s Economic Growth Expected to Edge Up to 4.4% as Export Boom Masks Weak Domestic Demand appeared first on Tekedia.
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JPMorgan Launches JPM Coin on Ethereum as Wall Street Embraces Blockchain Payments
JPMorgan Chase has expanded its blockchain strategy by bringing JPM Coin, its US dollar-denominated deposit token, to the Ethereum network. The move extends the bank’s digital payment infrastructure and strengthens the connection between traditional banking and public blockchain technology. The expansion allows eligible institutional clients to use JPM Coin identified by the ticker JPMD, on […] The post JPMorgan Launches JPM Coin on Ethereum as Wall Street Embraces Blockchain Payments appeared first on Tekedia.
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Sweden’s EQT Agrees to Acquire Australia’s Cleanaway Waste Management in A$9.3bn Deal, Shares Surge 20%
Swedish private equity group EQT has agreed to acquire Australian waste management company Cleanaway Waste Management in a transaction valuing the business at approximately A$9.3 billion ($6.5 billion), including debt, as the infrastructure investor moves to take control of one of Australia’s major waste and environmental services providers. Cleanaway shares surged nearly 20% to A$2.960 […] The post Sweden’s EQT Agrees to Acquire Australia’s Cleanaway Waste Management in A$9.3bn Deal, Shares Surge 20% appeared first on Tekedia.
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Crypto ETFs Record $610.7 Million in Weekly Outflows as Nasdaq 100 Suffers Biggest Decline Since April 2025
The US financial markets experienced a difficult week from October 12 to 16, as cryptocurrency investment products recorded substantial withdrawals while technology stocks suffered a sharp decline. US crypto exchange-traded funds posted $610.7 million in net outflows during the week, reflecting weakening investor demand amid broader market uncertainty. At the same time, the Nasdaq 100 […] The post Crypto ETFs Record $610.7 Million in Weekly Outflows as Nasdaq 100 Suffers Biggest Decline Since April 2025 appeared first on Tekedia.
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Microsoft Cancels Nscale Essex Data Center Deal, Scraps Plans for 23,000 Nvidia Chips
Microsoft has reportedly cancelled its deal to anchor Nscale’s Essex data center in the United Kingdom, abandoning plans that involved approximately 23,000 Nvidia chips. The development represents a significant shift in the companies’ artificial intelligence infrastructure plans and raises questions about the pace of investment in large-scale computing facilities amid rapidly changing demand for AI […] The post Microsoft Cancels Nscale Essex Data Center Deal, Scraps Plans for 23,000 Nvidia Chips appeared first on Tekedia.
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Cost-of-Living Protests Turn Violent in Paris as Unrest Spreads Across Europe
Cost-of-living protests turned violent in Paris over the weekend, raising concerns about social stability, economic confidence and the growing pressure on European governments to address household financial struggles. The unrest reportedly spread to other European cities, highlighting widespread frustration over rising living costs and declining purchasing power. As businesses face disruption and political leaders confront […] The post Cost-of-Living Protests Turn Violent in Paris as Unrest Spreads Across Europe appeared first on Tekedia.
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Where to Host an App for African Users: Latency, Data Rules and Region Choice
Many African startups launch on servers in Europe or the United States simply because that is where the default cloud region sits. It works, until users in Lagos, Nairobi or Johannesburg start waiting for every page and payment confirmation. For fintech, e-commerce and real-time apps, server location quickly becomes a product decision, not just an […] The post Where to Host an App for African Users: Latency, Data Rules and Region Choice appeared first on Tekedia.
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European Stocks and Euro Slide as France’s Fiscal Worries Deepen, Asian Markets Diverge
European stocks and the euro fell on Monday as political unrest in France intensified concerns about the country’s deteriorating fiscal outlook, while US stock futures rebounded from last week’s technology-led selloff ahead of a crucial round of earnings from major artificial intelligence companies. Investors also weighed fresh geopolitical risks involving Russia and Iran, volatile energy […] The post European Stocks and Euro Slide as France’s Fiscal Worries Deepen, Asian Markets Diverge appeared first on Tekedia.
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Brent Crude Surges Above $108 as Middle East Uncertainty Fuels Energy Price Rally
Brent crude oil prices have surged above $108 per barrel as energy markets react to growing uncertainty across the Middle East, raising concerns about global oil supplies, inflation and the broader economic outlook. The sharp increase highlights the sensitivity of energy markets to geopolitical developments, particularly when tensions threaten major oil-producing countries and critical shipping […] The post Brent Crude Surges Above $108 as Middle East Uncertainty Fuels Energy Price Rally appeared first on Tekedia.
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Anthropic to Allocate 5% Stake to Public Benefit Fund as AI Job Displacement Risks Grow
Anthropic, the developer of Claude, plans to commit 5% of its shares to a new public benefit fund, creating a dedicated pool of equity to finance charitable donations, support affected workers and address the wider economic consequences of artificial intelligence. The company announced the proposal on Sunday as it prepares for a potential initial public […] The post Anthropic to Allocate 5% Stake to Public Benefit Fund as AI Job Displacement Risks Grow appeared first on Tekedia.
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Indian Stocks Slip as Oil Nears $108, Private Banks Slide After Earnings and Jio IPO Looms
Indian equities fell in early trading on Monday as disappointing quarterly results from major private-sector lenders and persistently high crude oil prices weighed on investor sentiment. The prospect of liquidity being diverted into Mukesh Ambani’s Jio Platforms initial public offering also added to near-term market concerns. The benchmark Nifty 50 fell 0.38% to 23,057.6, while […] The post Indian Stocks Slip as Oil Nears $108, Private Banks Slide After Earnings and Jio IPO Looms appeared first on Tekedia.
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China Expected to Hold Lending Rates for 17th Month as Export Growth Offsets Weak Domestic Demand
China is expected to leave its benchmark lending rates unchanged for a 17th consecutive month in October, as stronger-than-expected third-quarter economic growth reduces the immediate pressure on policymakers to introduce further monetary easing, according to a Reuters survey. All 22 market participants surveyed by Reuters this week predicted that the People’s Bank of China (PBOC) […] The post China Expected to Hold Lending Rates for 17th Month as Export Growth Offsets Weak Domestic Demand appeared first on Tekedia.
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Elon Musk Says He Will Give Every US Child a SpaceX Share in 2027, Pledging $10.5bn
SpaceX chief executive Elon Musk has said he plans to give every child in the United States one share in the privately held space company next year, a proposed giveaway that would distribute approximately $10.5 billion worth of stock based on its latest cited closing price. Musk announced the plan in a post on X […] The post Elon Musk Says He Will Give Every US Child a SpaceX Share in 2027, Pledging $10.5bn appeared first on Tekedia.
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Oversubscribed Jio Platforms’ $3.2bn IPO Draws Heavy Institutional Demand From BlackRock, GIC and Fidelity
Mukesh Ambani’s Jio Platforms has attracted substantial institutional investor demand for its planned $3.2 billion initial public offering, with bids reportedly reaching almost 30 times the allocation reserved for anchor investors as India prepares for its largest-ever IPO. Global investment firms including BlackRock and Fidelity, Singapore’s sovereign wealth fund GIC and the Abu Dhabi Investment […] The post Oversubscribed Jio Platforms’ $3.2bn IPO Draws Heavy Institutional Demand From BlackRock, GIC and Fidelity appeared first on Tekedia.
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Anthropic Plans to Dedicate 20% of Its Shares to Public Good
Artificial intelligence company Anthropic is advancing a distinctive approach to corporate responsibility by dedicating 20% of its shares to the public good. The initiative highlights the growing debate over how the financial benefits of increasingly powerful artificial intelligence should be distributed, particularly as leading AI developers attract enormous investments and become more influential in the […] The post Anthropic Plans to Dedicate 20% of Its Shares to Public Good appeared first on Tekedia.
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Tokenized Equities Market Surges to $3.8 Billion as DEX Trading Accelerates
The tokenized equities market is experiencing rapid growth as blockchain technology reshapes how investors access and trade traditional financial assets. The market has expanded nearly 500% this year, reaching $3.8 billion, while trading activity has increased at an even faster pace. New research from DWF Labs highlights the accelerating adoption of tokenized stocks, demonstrating how […] The post Tokenized Equities Market Surges to $3.8 Billion as DEX Trading Accelerates appeared first on Tekedia.
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Former Microsoft HR Executive Reveals Three Practical Ways to Use AI More Effectively at Work
As companies accelerate the deployment of artificial intelligence tools across their workforces, employees are increasingly divided between those integrating AI into nearly every task and those who remain reluctant to use the technology. For business leaders, the challenge is no longer introducing AI into the workplace, but determining how to use it productively without surrendering […] The post Former Microsoft HR Executive Reveals Three Practical Ways to Use AI More Effectively at Work appeared first on Tekedia.
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Passwordless Registration Meets Everyday Mobile Problems
The user has entered the same email address twice because the page reloaded. Three passwords were rejected: one lacked a capital letter, another contained a forbidden symbol, and the third vanished from memory almost immediately. Passkeys remove that particular struggle. During BizBet Registration, personal and contact details may still be needed, but later access can […] The post Passwordless Registration Meets Everyday Mobile Problems appeared first on Tekedia.
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Two Kenyan AI Startups Win KSh 1.3 Million Combined in Meta AI Academy Pitchathon
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Kenyan Lawmakers Push for Stronger BNPL Regulations Amid Consumer Exploitation Concerns
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Onafriq tried to sell its Nigerian agent banking business before shutdown
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South Africa-Founded Healthleap Raises $38 Million to Expand AI Disease Detection in Hospitals
South Africa-founded healthcare technology startup Healthleap has secured $38 million in seed and Series A funding to expand its artificial intelligence platform designed to help hospitals identify patients at risk of undiagnosed medical conditions. The funding comprises an $8 million seed round co-led by Sequoia Capital and First Round Capital, alongside a $30 million Series […] The post South Africa-Founded Healthleap Raises $38 Million to Expand AI Disease Detection in Hospitals appeared first on Tech In Africa.
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How Five35 Ventures made 3.5 times its investment on Complete Farmer
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Why cheaper fibre fees fail to spark Nigerian infrastructure investment
Nigeria’s fibre deployment figures show why lower Right of Way fees alone may not attract investment or close the country’s connectivity gaps.
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Six tech gifts under $50 that people will actually use
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Airtel Money is now listed in London, but its Nigerian business is not part of it
Airtel Money is now listed in London, but its Nigerian business is not part of it Airtel Money's London listing valued it at about $7 billion across 13 African countries. Nigeria's SmartCash is not included. TechCity
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Verizon will charge $10 a month to use one number on two iPhones
Verizon will charge $10 a month to use one number on two iPhones iPhone Handoff moves your number between two iPhones. Verizon will charge $10 a month, T-Mobile $5, and AT&T has no plans yet. TechCity
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Schwab and Chase are blocking AI agents that log in with your password
Schwab and Chase are blocking AI agents that log in with your password Schwab blocks AI agents that sign in for clients, and Chase says you carry the risk. Here is what that means for your money. TechCity
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ContiSX Unveiling Watch, Ring and EarPod: Building Africa’s Intelligent Devices and Investment Inclusion
Good People, I have been away from posting because I was helping to set up a new structure to address the logistical challenges we encountered while delivering ContiSX Phones across Nigeria and beyond. Let me share one lesson from that experience: Nigeria needs the old NIPOST back! Whatever it takes, we need a functional, reliable […] The post ContiSX Unveiling Watch, Ring and EarPod: Building Africa’s Intelligent Devices and Investment Inclusion appeared first on Tekedia.
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The Next Wave: Are layoffs good for AI’s business?
TechCabal -
What Canada’s Cannabis Shelves Teach About Grading
Every maturing market ends up with a cheap tier and a premium tier. The hard part is proving the premium tier deserves its price. Canada’s legal cannabis market offers an unusual case, because its top grades have no official standard behind them. In Canada, legal since 2018, adults can buy top shelf bud from curated […] The post What Canada’s Cannabis Shelves Teach About Grading appeared first on Tekedia.
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Belloumi rescues Hull after four-goal second half
For six minutes, Everton looked to have escaped Hull with three points. Thierno Barry had just fired them ahead after an afternoon of missed opportunities. Then Mohamed Belloumi, who had started on the bench, scored with a low shot past Jordan Pickford. Belloumi’s goal made it 2-2 in the 74th minute, and neither team scored […] The post Belloumi rescues Hull after four-goal second half appeared first on Tekedia.
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Nigeria’s financial inclusion is growing, but access to credit still lags
For lenders, they must determine whether a borrower earns enough to repay, whether that income can be verified, what other financial obligations the borrower has, and how likely they are to meet the repayment schedule. As a result, people can participate in the formal financial system and still struggle to obtain affordable credit. 
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How Nonprofits Can Compare LMS Options for Effective Training
Nonprofits often train employees, volunteers, board members, and community participants with limited staff time. An LMS keeps courses, assignments, records, and reminders in one place. The right choice must fit changing roles, uneven schedules, accessibility needs, and reporting duties. A careful comparison prevents paying for features staff cannot use. Start by defining required training, then […] The post How Nonprofits Can Compare LMS Options for Effective Training appeared first on Tekedia.
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RPC Provider Selection: A Practical Field Guide
Every wallet connection, swap, and dashboard refresh in Web3 starts with a request to remote infrastructure. An rpc provider operates the servers that answer those requests, translating app calls into blockchain data and broadcasting signed transactions back. Most developers only notice this layer when it breaks: a dApp that loads slowly, transactions that hang, balances […] The post RPC Provider Selection: A Practical Field Guide appeared first on Tekedia.
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👨🏿‍🚀TechCabal Daily – A bigger piece of Cairo
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