Innovation & Technology

After reports on President Donald Trump's consideration to force Beijing-based tech company ByteDance to divest ownership of popular social-video app TikTok. Microsoft has announced it will be "continuing discussion" on a potential purchase of TikTok after a conversation between Microsoft CEO Satya Nadella and the President. "Microsoft fully appreciates the importance of addressing the President's concerns," said Microsoft, in a statement. "It is committed to acquiring TikTok...

A new study by Google and International Finance Corporation has revealed that the Internet economy and business has the outstanding potential of contributing $180bn to the economy of Nigeria and other African countries by 2025. The findings of the study which was made public on Wednesday, November 13 2020, featured within its pages the numerous growth opportunities within the African...

Luis Monzo As one of the leading forms of entertainment today, the video games industry continues to generate remarkable profits from its vast player base. According to data gathered by GCN, the global video games market is set to jump over $92 billion value in 2020, growing by 10.9% year-on-year. With $54.6 billion profit or nearly 60% of that amount, mobile games...

“I am unapologetically a Pan-Africanist at heart.” Nelson Kwaje is a South Sudanese ICT professional, and social transformation agent, who has leveraged on his profession, to work towards peace-building, media literacy, and people development in his country and Africa. When asked about his works, he described it in three words; People, Technology, and Transformation.  Kwaje is deeply involved in advocating for...

It is nearly impossible for businesses in some African countries to receive money from PayPal. While the payments giant has not given reasons why this is so, speculation hints at factors like insufficient regulation and poor banking security in said countries. That might be a thing of the past for some businesses as African payments company Flutterwave announced a collaboration...

MFS Africa, based in Johannesburg, announced their acquisition of Beyonic (a fintech startup) which offers digital payment management solutions to fintech, SMEs, and entities focussed on social impact across the continent. MFS connects to over 200 million mobile wallets through one API. Dare Okoudjou is the company’s founder and CEO. Beyonic carries out domestic payments and collections alongside secure front-end business functionality. MFS is still awaiting approval...

Some of the biggest names in encryption are developing a smartphone app they hope will tamp down the coronavirus pandemic without trampling privacy. Private Automated Contact Tracing, or PACT, is designed to let people figure out if they've been near others who've caught COVID-19, the respiratory disease caused by the novel coronavirus. If you've tested positive, you can use the...

A GOODWILL MESSAGE BY HON. (PRINCE) AKEEM ADEYEMI, CHAIRMAN, HOUSE COMMITTEE ON TELECOMMUNICATIONS AT THE JOINT LAUNCH OF THE STRATEGIC VISION (IMPLEMENTATION) PLAN (SVP) 2021-2025, THE COMPENDIUM OF EVC’S SPEECHES AND NCC GLOBAL CONNECT, HOLDING TODAY, 7th SEPTEMBER, 2021. Protocols It is a great honour to be here today in my capacity as the Chairman of the House Committee on Telecommunications...

It would be fool-hardy to think of any industry as completely “recession-proof,” but it is undeniable that tech-enabled sectors may be more likely than others to withstand COVID-19 and its aftershocks.  It does seem like a boom time for the digital economy as people find new ways to work and communicate, and many businesses take their services online. Amid a pandemic,...

The global adoption of the 5G network is set to skyrocket in the next five years. The data compiled by Finbold.com estimates that by 2025, the number of 5G connections will hit 2.7 billion worldwide, a growth of at least twenty times from this year’s figure of 120 million. The data indicates that by next year, the network connections will...