The most important component in a business is its Business Model. A business model is the logic of a firm and encapsulates how a company will capture value. Board of companies hire CEOs and Executive Management for one main responsibility: design and commit a business to a model (or models), and capture value from the […] The post The Air Peace’s 10% Down Payment and the Power of Business Models appeared first on Tekedia.

Jump n pass charges customers a convenience fee ranging from ₦50 to ₦100 based on the total value of items bought.

Kenya’s information ministry has opposed any suggestions of a TikTok ban and argued that the popular Chinese short-video social platform owned by ByteDance should be more regulated.

Innov8tiv Innov8tiv - Blacks In Technology in USA, UK, Caribbean Islands & Africa The choice between dark mode and light mode themes transcends beyond mere aesthetic preferences. Each version plays… The post Dark Mode Theme vs Light Mode Theme. Which’s Healthy? Which’s Battery Friendly? first appeared on Innov8tiv. Dark Mode Theme vs Light Mode Theme. Which’s Healthy? Which’s Battery Friendly? Felix Omondi

In the current Tekedia Capital investment cycle, we have 10 startups, representing Canada, US, Congo DRC, Benin Republic, etc. Our vision is to breed technology unicorns, even as we fix frictions in communities, through entrepreneurial capitalism. We’re making it easier for citizens, groups, investment clubs, companies, organizations, etc to own a piece of early-stage, high-growth […] The post Join Tekedia Capital and Invest In These 10 Startups Now… appeared first on Tekedia.

Bolt has launched its ‘Scheduled Rides’ feature allowing users to book rides up to 72 hours in advance. This feature offers riders added convenience and provides drivers ample time to prepare for upcoming trips. Scheduled Rides ensures that riders won’t face availability issues during peak hours. Customers will pay extra charges to encourage driver participation in […] The post Plan Ahead with Bolt: Book Your Ride In Advance first appeared on IT News Africa | Business Technology, Telecoms and Startup News.

IMF projects South Africa ($373 billion), Egypt ($348 billion), Algeria ($267 billion), and Nigeria ($253 billion) as Africa’s top four economies until 2030.

With the recent revocation of U.S. economic sanctions against Zimbabwe, a significant opportunity arises for the country’s financial services industry, especially in the domain of cryptocurrency exchanges. The Office of Foreign Assets Control (OFAC) has announced the removal of Zimbabwe Sanctions Regulations, effective from April 17, 2024. This landmark decision opens new avenues for economic […] The post Is Cryptocurrency the Key to Zimbabwe’s Economic Recovery? first appeared on IT News Africa | Business Technology, Telecoms and Startup News.

As African governments and enterprises build momentum around digital transformation, they face mounting pressure not only to fortify their cybersecurity measures but also to embrace transparency in disclosing cyberattacks. Bryan Hamman, regional director for Africa at NETSCOUT, explains: “Organizations across the continent saw a spate of cyberattacks across many countries in 2023 and this has […] The post Cybersecurity Transparency: Vital for African Enterprises first appeared on IT News Africa | Business Technology, Telecoms and Startup News.

TelCables’ Partner Program is shaping the future of digital connectivity in West Africa TelCables West Africa, part of the Angola Cables global network, shared details of its innovative Partner Program at… TechCity

Embracing the Power of Technology to Drive Agricultural Innovation, Woolworths Unveils Groundbreaking Drone Usage in Farming. As part of the launch of its innovative Farming for the Future campaign, Woolworths has unveiled the groundbreaking use of drones by some of its suppliers to revolutionize farming practices worldwide. The intention behind the campaign and sharing of […] The post Transforming Agriculture: Big Food Retail Farmers Drone Tech first appeared on IT News Africa | Business Technology, Telecoms and Startup News.

Generative Artificial Intelligence- AI models have revolutionized various industries, from art and music creation to natural language processing. However, concerns are emerging regarding the size and integrity of training materials used for these models and the possibility of copyright infringement. This is according to Partner for Spoor & Fisher, Dina Biagio. She shares her research: […] The post When AI Models Infringe Copyright in Training Content: Legal first appeared on IT News Africa | Business Technology, Telecoms and Startup News.

Acer today expanded its line of Chromebook Plus laptops with the introduction of the Acer Chromebook Plus 514 (CB514-4H/T), offering users a performance-minded, compact, and durable model designed to leverage the AI-powered capabilities of ChromeOS. James Lin, General Manager of Notebooks at Acer Inc., highlighted the key features of the Acer Chromebook Plus 514 stating, […] The post Acer Broadens Chromebook Horizons: Introducing the New Model first appeared on IT News Africa | Business Technology, Telecoms and Startup News.

It’s difficult to imagine a time before the widespread adoption of mobile technology in Africa – particularly where financial services are concerned. For millions of unbanked people, transactions were limited to cash, postal services or even the barter system. Now, in much the same way as mobile payments completely disrupted the status quo, AI has […] The post Can AI Be the Catalyst for Financial Inclusion in Africa? first appeared on IT News Africa | Business Technology, Telecoms and Startup News.

BlockDAG (BDAG) is setting a new standard for investment opportunities in the DeFi sector, among other key developments in the cryptos market including Cardano’s increase in transactions inflow and Binance (BNB) showing market resilience with recovery. With analysts terming BlockDAG one of the best crypto investments in 2024, its presale momentum is growing stronger than […] The post BlockDAG’s Moon-Based Keynote Teaser & 30,000x ROI Pushes Presale to Top $18M Amid Cardano’s Transaction Inflows & BNB’s Recovery appeared first on Tekedia.

In today’s edition: Wema Bank unlists seven fintechs || Kenya demands compliance reports from TikTok || Canal+ steps up bid for MultiChoice || Nigeria’s MNOs witness surge in transactions|| Funding tracker

Avalanche price struggles to break the $50 barrier, signalling uncertain times for its holders. Similarly, ICP crypto makes headway with new Threshold-Schnorr signatures, aiming to expand Bitcoin operations significantly. Amid these developments, BlockDAG emerges as a powerhouse with its innovative X1 app miner, enhancing mobile mining with its energy-efficient algorithm, making it highly affordable, and […] The post BlockDAG Captures Market Interest Amidst ICP Crypto and Avalanche Price Instability with $18.2M Presale & Affordable X1 Mining App appeared first on Tekedia.

Meta AI Gets New Features, Expands Into More Countries Meta today announced the release of the new version of its AI assistant, Meta AI. The new version… TechCity

As the Bitcoin halving draws closer, the ETF recorded a 4th consecutive day of outflow streak, with $165 million recorded. The outflow follows Bitcoin’s current bearish trend, which has declined over 13% in the last week, due to ongoing selling pressure as Bitcoin trades at the $62k price as of the time of writing this […] The post Bitcoin Halving: ETF Records 4th Consecutive Outflow of $165 Million appeared first on Tekedia.

In the competitive world of cryptocurrencies, BlockDAG (BDAG) has emerged as a front-runner, achieving an impressive 400% increase in its latest presale price and securing $18.2 million in Presale, outperforming both ICP and Polkadot’s market forecasts. The network has sold over 4,680 miners, contributing to a visionary goal of a 30,000X return on investment, setting […] The post BlockDAG Captivates with a Remarkable 400% Price Increase And $18.2M Presale With Keynote Video Trailer Over The Moon, Overshadowing ICP and Polkadot appeared first on Tekedia.

If you read investment briefs from Nigerian fund managers or broad capital market operators, you will see a version of this line: “We invite you to consider this investment in Africa’s largest economy”.  Yes, everyone likes to remind global investors that Nigeria is Africa’s top economy.  Today, we’re learning that very soon, we will be […] The post As Nigeria Falls to 4th in Africa’s Economy Ranking, Asset Managers will Miss this Line in their Briefs appeared first on Tekedia.

Cardano (ADA)’s sharp 20% drop epitomises the intense Cardano volatility investors often face, driven by shifting market sentiments and economic variables. Meanwhile, Solana (SOL) Price also experiences significant fluctuations, recently breaching key support levels. Amidst this volatility, BlockDAG coin teases the release of its moon-based keynote display, introduces a technology of innovation while successfully raising […] The post BlockDAG’s Moonshot Keynote Teaser Triggers $20 by 2026 Prediction Amid Cardano Volatility and Solana (SOL) Price Fluctuations appeared first on Tekedia.

In line with the latest news for JAMB 2024, certain candidates may face disqualification. Carefully read this before going for your exams to avoid any issues:

The cryptocurrency market is experiencing a surge in popularity, particularly for tokens with real-world utility. This trend is fueled by a growing understanding of blockchain technology’s potential to revolutionize various industries. In this space, two tokens are generating excitement: Billion Dollar Jackpot (BDJ) and Uniswap (UNI). Billion Dollar Jackpot is a unique platform merging Formula […] The post Billion Dollar Jackpot vs Uniswap: Why Are Utility Coins Pumping Right Now? appeared first on Tekedia.

Nigeria’s commercial financial institution Wema Bank has reportedly disconnected seven (7) of its Fintech partners from its payment gateway platform, citing a case of fraud. The bank disclosed that the move was necessitated following the rising cases of fraud involving some wallet accounts linked to the fintech firms. In a statement, Wema Bank disclosed that […] The post Wema Bank Disconnects Its Fintech Partners Over Fraudulent Activities, Launches Anti-Fraud Campaign appeared first on Tekedia.

In a recent report by Henley and Partners, currency depreciation and underperforming stock markets swept off the wealth of Africa’s millionaires. This erosion of wealth according to the report, can be largely attributed to the typical composition of African wealth portfolios. African investors reportedly allocated their assets equally across equities, property, and cash. With African […] The post Currency Devaluation Impacts Wealth of African Millionaires, 1,600 Nigerians Dropped From Dollar Millionaire List – Report appeared first on Tekedia.

According to the World Bank’s ‘Macro Poverty Outlook for Nigeria: April 2024’, rising inflation coupled with weak earnings resulted in 10 million Nigerians slipping into poverty in 2023. The report paints a grim picture of an economy where nominal earnings have failed to keep pace with soaring inflation rates, leading to a decline in living […] The post World Bank Report: Rising Inflation Pushed 10 Million Nigerians into Poverty in 2023 appeared first on Tekedia.

Amidst efforts to streamline operations and reduce costs, Alphabet-owned Google has initiated layoffs impacting an unspecified number of employees, a company representative confirmed on Wednesday. This move marks the latest in a series of cuts at the technology giant, reflecting broader trends within the tech and media industry amidst economic uncertainties. While the lay-offs are […] The post Google Initiates A Fresh Round of Layoff, Fires 28 Employees Protesting Project Nimbus appeared first on Tekedia.

On Thursday, semiconductor giant Taiwan Semiconductor Manufacturing Company (TSMC) announced a robust performance for the first quarter of 2024, driven by soaring global demand for microchips powering diverse technologies from mobile phones to artificial intelligence. TSMC reported a nearly 9% increase in net profits for the first quarter, reaching NT$225.4 billion ($6.97 billion), compared to […] The post TSMC Reports Nearly 9% Rise in First Quarter Profits Amidst Soaring Global Demand for Microchips appeared first on Tekedia.

ClusterLab, a Tunisian-born AI startup now based in the UAE, has secured $600,000 in pre-seed funding to advance its research and development initiatives. This funding will further strengthen its efforts in enhancing the Arabic audiobook summarization app, Reedz. Originating in Tunisia and based in the United Arab Emirates, the startup has secured a substantial US$600,000 […] More The post Tunisian startup Clusterlab raises $600,000 in pre-seed funding round. appeared first on Tech In Africa.

The periwinkle rarely drops the precious gems until it is cracked. For years, China has possessed latent capabilities in the semiconductor industry. But magically, to unlock those abilities, only US sanctions could. So, when the sanctions came, China abandoned the US chips and looked inwards. Today, it is having a moment: “In the wake of […] The post US Sanctions Woke China, and Today American Firms Are Losing Ground in China appeared first on Tekedia.

The Global Startup Awards Africa is currently inviting applications from African innovators, startups, and ecosystem facilitators dedicated to tackling major global challenges. African startups in the e-health, agri-tech, fintech, mobility and logistics, green-tech, and women in tech sectors are being actively pursued by the Global Startup Awards Africa. The tournament consists of four key stages, […] More The post 2024 Global Startup Awards Africa Now Accepting Entries appeared first on Tech In Africa.

Zeepay, a Ghanaian fintech startup, has successfully secured a round of equity funding to bolster its expansion across Africa and the Caribbean. Zeepay has secured further funding from prominent pan-African investment groups including Africa50, Oikocredit, Injaro, Verdant Capital Hybrid Fund, and I&P. The specific amount and stage of this investment are yet to be disclosed. […] More The post Zeepay, a Fintech Company from Ghana, Secures Investment to Fuel Growth appeared first on Tech In Africa.

In the wake of US trade restrictions on advanced chip-making equipment, China’s integrated circuit (IC) output witnessed a remarkable surge of 40% to 98.1 billion units in the first quarter of the year, per SCMP. This expansion emanates from the country’s focus on boosting the production of older-generation chips while grappling with constraints imposed by […] The post China’s Semiconductor Industry Surges 40% Amid US Trade Restrictions appeared first on Tekedia.

Verod-Kepple Africa Ventures (“VKAV”)  has successfully concluded its inaugural fund, raising a total of $60 million. SBI Holdings, Toyota Tsusho Corporation, Sumitomo Mitsui Trust Bank, Japan International Corporation Agency, and Japan ICT Fund are some of the key institutional investors in the fund. Furthermore, the final close saw an increase in institutional investors from Japan, […] More The post VKAV Successfully Secures $60 Million in Initial Funding Round appeared first on Tech In Africa.

Google has recently announced that all Google Photos users will now have complimentary access to a selection of its cutting-edge AI-powered photo editing tools. Google Photos offers a range of AI capabilities, including Magic Eraser for removing unwanted objects from images, Photo Unblur for sharpening out-of-focus images, and Portrait Light for adjusting the lighting in […] More The post Google Set to Debut AI-Based Photo Editing Tool for Android and iPhone This May appeared first on Tech In Africa.