Crypto banking and insurance are emerging fields that offer innovative solutions for financial inclusion, security and efficiency. Crypto banking refers to the provision of banking services such as deposits, loans, payments and transfers using cryptocurrencies or stablecoins as the medium of exchange. Crypto insurance covers the risks associated with crypto assets, such as theft, hacking, loss of private keys or market volatility. Taxation of crypto banking and insurance is a complex and evolving issue that depends on various factors such as the jurisdiction, the nature of the transaction and the type of crypto asset involved. Some of the common tax… The post Crypto Banking, Insurance and Taxation appeared first on Tekedia.

Tekedia Capital is excited to announce that we have invested in Benin Republic-based MeekFi, a mobile money innovator: “Withdraw, Send, make Payment and a lot more with just a mobile money wallet.” The team enables cash withdrawal from an ATM with just a mobile money wallet while delivering cardless point of sale. Our members bought out 100% of all available shares (oversubscribed by 5x).  The plan: win Francophone Africa’s second layer mobile money, by a great team. Bonjour Cotonou, nous arrivons avec plus [hello Cotonou, we are bringing more stuff]. At Tekedia Capital, we’re funding the foundations of next Africa… The post Tekedia Capital Invests In Benin Republic-Based MeekFi appeared first on Tekedia.

TurnTable, a Nigerian company, is using data and technology to fill a void in the Nigerian music scene by creating a music chart.

The evolving ChatGPT’s OpenAI playbook: build a marketplace of AI companies, mimicking Google Play and Apple’s App Store. Yes, OpenAI is positioning itself as a platform upon which future mini-AI systems will run on. And it is doing the necessary: providing funding to ensure those entities congregate around it: “American artificial intelligence (AI) research laboratory company OpenAI has raised $175 million to invest in AI startups, with backing from Microsoft and other investors.” SEC filing reveals that the fund which is managed by OpenAI CEO Sam Altman and COO Brad Lightcap, raised the money from 14 investors. Notably, OpenAI has… The post The ChatGPT’s OpenAI Marketplace Playbook appeared first on Tekedia.

American Artificial intelligence (AI) research laboratory company OpenAI has raised $175 million to invest in AI startups, with backing from Microsoft and other investors. SEC filing reveals that the fund which is managed by OpenAI CEO Sam Altman and COO Brad Lightcap, raised the money from 14 investors. Notably, OpenAI has been investing in startups working in artificial intelligence for a while. The company launched the OpenAI startup fund and said it would seek to back companies pushing the boundaries of how powerful AI can positively impact the world and profoundly change people’s lives. In 2022 last year, the company… The post OpenAI Raises $175 Million to Invest in AI Startups appeared first on Tekedia.

Cryptography is the science of securing information by using mathematical techniques and algorithms. Cryptography uses mathematical techniques to encrypt and decrypt data, authenticate messages, and verify identities. Cryptography has many applications in computer security, digital signatures, e-commerce, cryptocurrency, and more. Smart contracts are self-executing agreements that are encoded on a blockchain and can enforce the terms and conditions of a transaction while distributed networks are systems of nodes that communicate and cooperate with each other without relying on a central authority or intermediary. In a distributed network, each node has its own processing power, memory, and storage, and can operate… The post Cryptography, Smart Contracts and Distributed Networks appeared first on Tekedia.

The Central Bank of Nigeria (CBN) has withdrawn the license of Eyowo, one of Nigeria’s digital banks, and 46 other microfinance banks. The financial sector regulator said it took the decision to revoke the licenses of the 47 entities because they had either remained inactive, insolvent, failed to render returns, closed shop, or ceased to carry on the type of banking business for which they were licensed for more than six (6) months. The CBN said doing any of the above puts the affected banks in contravention of the Banks and other Financial Institutions Act (BOFIA), 2020, and the Revised… The post Nigeria’s Central Bank Revokes the Licenses of 47 Microfinance Banks, Others appeared first on Tekedia.

The volatility of cryptocurrencies will undoubtedly be on full display this year. Since December 2021, prices have been low, keeping the normal highs and lows of crypto to a minimum. As the market becomes more bullish, that will change and investors will have the opportunity to take advantage of it. So, where is the best place to put your money? Getting that question right could be the difference between making insane amounts of money or having a mediocre performance in 2023. Here’s why we think HedgeUp (HDUP) is the place to hang your hat. >> Buy HedgeUp Now

The realm of cryptocurrencies is abuzz with groundbreaking developments. Recent reports suggesting Ripple (XRP) is not a security have turned heads, and simultaneously, an emerging asset-backed trading platform, HedgeUp (HDUP), is gearing up to challenge the status quo, potentially outpacing Solana (SOL). The Ripple (XRP) Controversy: An Unexpected Twist For a while now, Ripple (XRP), the digital payment protocol, has been under the Securities and Exchange Commission’s (SEC) scrutiny, raising doubts about its status as a security. However, recent email correspondences from SEC officials suggest Ripple (XRP) might not be classified as a security after all. This revelation could potentially… The post SEC Emails suggest Ripple (XRP) is NOT a Security, HedgeUp (HDUP) Position themselves to Take over Solana (SOL) appeared first on Tekedia.

Innov8tiv Innov8tiv - Blacks In Technology in USA, UK, Caribbean Islands & Africa As the world’s most popular streaming platform, Netflix is ubiquitous to our daily lives. It is a… The post How to Quickly and Easily Find Movie Categories to Watch on Netflix first appeared on Innov8tiv. How to Quickly and Easily Find Movie Categories to Watch on Netflix Roveen

Eyowo: CBN revokes license of digital banks in Nigeria The Central Bank of Nigeria had on Tuesday revoked the licenses of 47 microfinance banks, and 132 other financial institutions operating as Microfinance Banks, Finance Companies and Primary Mortgage Banks.  TechCity

Tekedia Capital congratulates Zeeh Africa for making Amazon AWS ‘fintech in Africa’ accelerator. We knew we had a winner when we brought you into the Tekedia ecosystem. AWS announces the 25 startups selected for its first ‘fintech in Africa’ accelerator Cohort participants from Kenya, Nigeria , South Africa, Egypt, Ghana, Uganda, and Cameroon Description: Sekai Ndemanga, Head of FinTech Venture Capital and Startup Business Development at Amazon Web Services (AWS), speaks at the 9th Africa Fintech Summit in Washington DC on April 12, 2023. NAIROBI, KENYA: 25 African fintech startups have been selected for the inaugural Amazon Web Services (AWS)… The post Zeeh Africa, A Tekedia Capital Portfolio, Makes Amazon AWS’ ‘fintech in Africa’ Accelerator appeared first on Tekedia.

A Nigerian YouTuber residing in the United Kingdom was interviewed by the BBC  and he disclosed the Nigerians’ strategies with their japa plans. He told the BBC that Nigerians use education as a strategy to Japa (relocate) to the UK and also bring their dependents like spouses along. He stated that Nigerians do not necessarily need the degree they came to the UK for, they are only using it as a means to an end to escape Nigeria’s hardship. The Nigerian internet has been agog over that particular interview; several Nigerians have called out the guy for granting the interview;… The post Why is everyone running away from Nigeria? appeared first on Tekedia.

Nigeria’s tech ecosystem is rejecting a bill put forward by the country’s ICT policy-implementing government agency, but the unrelenting agency is somehow pushing the bill forward—amid contentions and ecosystem cries of foul play.

Microsoft is a platform company because more revenue is generated by many companies which rely on many Microsoft products than the revenue generated by Microsoft. In other words, when you examine all the companies that run on Windows and Microsoft 365, and calculate the total revenue those products support, they beat whatever Microsoft is making out of the products. That is one feature of a platform. Today, in the hardware business, Nvidia is the most important semiconductor/ microelectronics company in America (I did not say in the world, as TSMS rules the world therein). Nvidia is a clear platform, and… The post The Nvidia Moment appeared first on Tekedia.

Pan-African technology company built around a marketplace, logistics service, and payment service, Jumia has seen its losses decline, and met its end-of-the-year target in its first quarter (Q1) report for 2023, following the implementation of strategy from new management. Reports reveal that the e-commerce platform reached the lowest losses in four years after the new management Jettisoned the blueprint of the previous management. Jumia’s adjusted EBITDA loss dropped 51% year-over-year to $27 million, on track to meet the company’s end-of-year target of $100-120 million in adjusted losses. Similarly, operating loss was down 54% from Q1 2022 to $30.9 million. The… The post Jumia Losses Decline Significantly, Meets End of Year Target in Q1 2023, Following New Strategy appeared first on Tekedia.

Analysts and investors alike have recently been enamored by Tradecurve (TCRV) – a project currently in Stage 1 of its public presale that could evolve into a dream platform for millions of global traders! And while cryptos such as WOO Network (WOO) and SingularityNET (AGIX) may seem like the go-to tokens due to their past achievements, let’s find out which one might be most successful! >>BUY TCRV TOKENS NOW

TMS Network (TMSN) has made a big name for itself in just a matter of weeks. It has already entered the league of crypto titans, with a presale growth of more than 2800%. According to the experts, TMS Network (TMSN) is the best investment option, significantly better than Arbitrum (ARB) and Polygon (MATIC). In this article, we will look into the reasons that make TMSN better than ARB and MATIC. Polygon’s (MATIC) zkEVM Loses Race To ZkSync Recently, Polygon (MATIC) launched zkEVM, a layer-2 scaling protocol, to enhance its ecosystem. However, recent reports have revealed that Polygon’s (MATIC) zkEVM is… The post TMS Network (TMSN) Surges 3000%, Polygon (MATIC) Overtaken By ZkSync, Arbitrum (ARB) Announces Reward Program appeared first on Tekedia.

No crypto project can survive without the active participation of investors who see value in the offerings of such projects. However, this participation is not automatic as a project must initially ensure due diligence in its offerings before it is launched. Haphazardly created projects do not stand the test of time and as have been commonly seen unceremoniously leave the stage after days or weeks of launch. Creating a long-lasting project with unique offerings is an intensive endeavor that requires a lot of input. These projects are however compensated by the community through massive participation. This is the case with… The post Sparklo (SPRK), Shiba Inu (SHIB), and Solana (SOL) In Bullish Trend appeared first on Tekedia.

Decentralized finance (DeFi) has shaken things up in the financial world, bringing in a whole new era of transparency, accessibility and cool innovations. Here, we’re diving into the exciting mix of DeFi, the major player as Sparklo and why it’s got investors all hyped up about making huge gains. Meanwhile, EOS (EOS) and OKB (OKB) are trying to redeem themselves. Sparklo (SPRK): Embrace the future of immutable asset ownership Sparklo is distinguished by its compelling utility and promising potential. This novel strategy positions Sparklo as an attractive alternative asset investment opportunity. Currently, in the second stage of its presale, Sparklo… The post Sparklo (SPRK) Is Re-defining The Future Of DeFi By Outshining OKB (OKB) And EOS (EOS) appeared first on Tekedia.

BasiGo has plans to make its charging stations accessible to the public for charging electric cars and trucks by the end of 2023. It also intends to deploy similar charging stations throughout Nairobi and eventually across the country.

Eyowo says the revocation of its license by the CBN will prevent its users from sending or receiving money from their accounts for a while. But said its users’ funds are safe. Eyowo, one of the banks whose licence was revoked by the Central Bank of Nigeria, has assured its customers their money is safe. […]

Innov8tiv Innov8tiv - Blacks In Technology in USA, UK, Caribbean Islands & Africa Photo by Nick Fewings on Unsplash As human beings, we are beings of habit. We enjoy routine… The post The Importance of a Change Model in Organisational Development first appeared on Innov8tiv. The Importance of a Change Model in Organisational Development Innov8tiv.com

For a Mega City like Lagos, waiting for a food delivery is a test of your patience, time, and an invitation to anger. 

So many interesting comments on my piece on Dangote Refinery. Let’s respect and commend Alhaji Aliko Dangote. Here you see me, even as a village boy from Ovim Abia State, if you have $5 billion to invest in Nigeria and you have money to rent my brain, my advisory package will include getting some major concessions from the government for you. I have called that Conglomerate Tax and it is global (Amazon HQ2 got $billions of waivers from US cities, GE got waivers to develop special plastic for US military, etc). Dangote’s problem is that he is alone in doing… The post Dangote Has Picked Cement and Refinery, Pick Electricity, Clean Water, Roads, and Ask for Government Support appeared first on Tekedia.

Here are eight statements from global CEOs on Generative A.I.  “People have watched the capability of generative A.I. to deliver really, really thoughtful responses, sometimes fully accurate, sometimes not fully accurate. And it has opened up this question about, well, how do we use this in the right way? How do we use it in a responsible way? And every single client I’m talking to is trying to figure out how to go fast, but how to go fast in a responsible way.” —Joe Atkinson, chief products and technology officer for PwC “We’ve literally seen thousands of startups in the… The post Eight statements from CEOs on Generative A.I. appeared first on Tekedia.

Reasons Why You Need Legal Services Legal Services, as prevalent as they might be, are still not properly understood in a lot of jurisdictions, Nigeria included. This is because legal practice in some jurisdictions is viewed strictly from the relatively narrow lens of Dispute Resolution practice which still claims the bulk of legal professions across the world.  As a result, many people with no dispute resolution matters have trouble understanding WHY they need legal services, which this article aims to explain by pointing out the reasons you need legal services which are as follows:- – Cautionary Reasons :- These involve… The post Reasons Why You Need Legal Services, Ethical Offenses For Which a Lawyer can be Penalized in Nigeria appeared first on Tekedia.