Taiwan wants to ensure its partners have reliable supplies of semiconductors, or “democracy chips”, President Tsai Ing-wen told the governor of the U.S. state of Indiana on Monday, saying China’s threats mean fellow democracies have to cooperate. Governor Eric Holcomb, a Republican, made the third trip to Taiwan this month by a U.S. delegation after Read More…
Technology
Elon Musk pulls out of Twitter deal
Elon Musk, the chief executive officer of Tesla and the world’s richest person, said on Friday he was terminating his $44 billion deal to buy Twitter because the social media company had failed to provide information about fake accounts. Shares of Twitter were down 7% in extended trading. Musk had offered $54.20 per share in Read More…
Flutterwave mired in controversy following report of accounts freeze over money laundering in Kenya
A court in Kenya has frozen more than $40 million in accounts belonging to Africa-focused payments giant Flutterwave under the country’s anti-money laundering laws, court documents showed. Founded in 2016 in Nigeria, the San Francisco-headquartered firm, specialises in individual and consumer transfers, one of several fintech firms facilitating and capitalising on Africa’s booming payments market. Read More…
Lagos leading technology start-up hub in West Africa – Sanwo-Olu
Lagos State Governor, Babajide Sanwo-Olu, says the state has the highest number of technology start-ups in West Africa and is the leader in e-commerce. Sanwo-Olu made this known during the inauguration of Mainone/MDXI Data Centre on Wednesday at Lekki, Lagos Mainone/MDXI, a subsidiary of Equinox Technology, is a cable and communication services company. Sanwo-Olu alongside Read More…
Google internet cable lands in Africa, promising fast connection
First Togo, then Nigeria, Namibia, and South Africa A subsea cable owned by Google that promises to double internet speeds for millions in Africa arrived in Togo on Friday, the company said, the latest step in a multi-year project to provide cheaper access to users across the continent. The Equiano cable, the first of its Read More…
Facebook, Instagram, WhatsApp hit by global outage
Facebook, Instagram and WhatsApp went offline for users across the globe, the social media giant said on Monday, as it worked on restoring the services after being hit by one of its longest outages. The disruption, which hit Facebook’s platforms minutes before noon, comes a day after a whistleblower accused the firm of repeatedly prioritizing Read More…
Flutterwave partners Amole to boost remittances into Ethiopia
Flutterwave, Africa’s leading payments technology company, has partnered Amole, Ethiopia’s largest mobile digital wallet platform, to boost remittances. Flutterwave’s Founder and Chief Executive Officer, Olugbenga Agboola, said this in a statement in Lagos on Friday. Agboola said the partnership would facilitate money transfer into Ethiopia through Amole, to Amole Wallet, bank accounts and cash pickup Read More…
Nigeria partners Microsoft to accelerate Economic Sustainability Plan
Nigeria’s Vice President announces a collaboration with Microsoft to digitally upskill five million Nigerians Vice President Yemi Osinbajo says Nigeria is partnering tech giant, Microsoft Corporation, in accelerating the Economic Sustainability Plan (ESP). This is being achieved by deepening the country’s digital economy. Osinbajo’s spokesman, Laolu Akande, made this known in a statement on Monday, Read More…
Tech can solve Nigeria’s youth unemployment – MD BoI
Olukayode Pitan, Managing Director, Bank of Industry (BOI), has described technology as a panacea to solving some of Nigeria’s problems especially youth unemployment. Pitan made the assertion on Thursday at the inauguration of BOI-UNILAG Incubation and Co-Working Hub, located at the Faculty of Social Sciences Premises of University of Lagos, Akoka. “Tech can help solve Read More…
Deployment of technology critical for development — Sanwo-Olu
The Lagos State Government says it is already laying the foundation for the state to be the technology hub of not only Nigeria but of West Africa. Gov. Babajide Sanwo-Olu said this on Thursday at the launch of Zinox Tech Experience Centre in Lagos. The governor, who was represented by his Deputy, Dr Obafemi Hamzat, Read More…