Technology & Innovation

Wefarm secures US$13m to expand and diversify its smallholder agricultural ecosystem

November 7, 2019

AFRICA – Wefarm, the digital network for global small-scale agriculture, has announced that it has raised $13 million in a Series A financing round led by Silicon Valley venture capital firm True Ventures. Jon Callaghan, co-founder of True Ventures while commenting on his company’s investment in Wefarm said, “We are enormously inspired by how Kenny […]

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Consolidated Bank Ghana acquires Temenos T24 cloud software to boost customer experience

October 31, 2019

GHANA – Ghana’s second largest bank, Consolidated Bank Ghana Limited (CBG), has acquired Temenos T24 Transact, the next generation in core banking, to power its operations for retail and corporate banking. Temenos’ cloud-native, cloud-agnostic platform will empower CBG to rapidly and cost-effectively deliver innovative digital banking services and exceptional customer experience. The bank, according to […]

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Spotify surpasses Apple Music in race to dominate global music streaming, announces surprise profit

October 29, 2019

UNITED STATES – Audio streaming platform that provides DRM-protected music and podcasts from record labels and media companies, Spotify Technology SA has said its number of premium subscribers had risen by 26 million in the past year to 113 million at the end of September. The Swedish company said it was adding roughly twice as […]

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Orange inaugurates Digital Center in Senegal, confirms its ambition to achieve digital inclusion for all

October 28, 2019

SENEGAL – Orange, Senegal’s dominant mobile telecommunication company has inaugurated its new concept of a place entirely dedicated to innovation, the “Orange Digital Center”. The digital center located in Dakar is Orange’s second in the continent following the successful launch of a similar one in Tunisia. The launch was attended by various personalities led by […]

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Huawei records a 27% jump in third-quarter revenues as smartphone sales surge

October 18, 2019

CHINA – Chinese multinational technology company Huawei Technologies Co Ltd has reported a third-quarter revenue jump of 27%. The impressive revenue according the technology company was driven by a surge in shipments of smartphones launched before a trade blacklisting by the United States expected to hammer its business. Huawei, the world’s biggest maker of telecom […]

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Uber expands into water transport with the newly launched UberBOAT service

October 14, 2019

NIGERIA – Popular ride-hailing firm, Uber has in October this year launched UberBOAT in Lagos as a pilot scheme to determine the viability of water transport in Nigeria. The UberBoat pilot scheme will operate between the Five Cowries Terminal, Ikoyi and Ikorodu Jetties, the ride-hailing firm has said. Lagos State Governor, Babajide Sanwo-Olu, a special […]

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PayPal to expand into China mobile payments market through local acquisition

October 1, 2019

CHINA – U.S. digital money transfer platform PayPal Holdings Inc is set to expand into China mobile payments market after it obtained an approval from China Central Bank to buy a majority stake in a domestic payments firm, Go Pay Information Technology. The move would make PayPal the first foreign mobile payments firm to enter […]

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Fintech firm Revolut plans to expands into 24 new markets, set to hire 3500 new staff

September 30, 2019

GLOBAL – British-based digital banking app Revolut has announced plans to expands into 24 new markets thanks to a new global deal with payments giant Visa Inc. The firm is also planning to hire around 3500 staff to enable it to effectively expand into the 24 new markets. The deal with Visa expands an existing […]

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Africa’s Fintech Sector booms despite growth in cyber attacks

September 24, 2019

AFRICA- The African Fintech sector has been rapidly expanding over the last two years as investors seek to have a share of the thriving digital revolution. According to a Forbes report on Africa’s Fintech ecosystem, the continent’s Fintech firms have over the last two years grown from 301 to 491. This represents a 60 percent […]

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MTN Ghana introduces new security measures to tackle mobile money fraud

September 18, 2019

GHANA – MTN Ghana has introduced new security measures to protect mobile money users from fraudulent activities and ensure customers have enhanced user experience. Some security measures being outlined by MTN Ghana to protect registered subscribers include re-introduction of ‘allow cash out’ menu, introduction of agent identification and code as well as increased public education. […]

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