Nigeria: Latest News
Peter Pedroncelli, 7:10 am
Nigerian inventor Oshiorenoya Agabi has designed and developed a computer device that can identify the smell of explosives and cancer cells through a combination of neurons and silicon. The Nigerian neuroscientist and entrepreneur, whose startup is based in Silicon Valley, unveiled his incredible invention at the TEDGlobal conference in Tanzania this week, revealing the tech that will allow it to identify through smell.
Peter Pedroncelli, 5:01 am
Safaricom, the world’s biggest mobile money operator, is set to launch an e-commerce platform in October that will be focused on supporting and enabling small businesses to sell their products online. The aim of Masoko, as the e-commerce platform will be called, will be to give small and micro businesses access to markets that they would otherwise be unable to reach with their products.
Kurt Davis Jr., 8:02 am AFKI Original
The economies of sub-Saharan Africa have felt the pain of 2015 and 2016, and African currencies have experienced volatility as a result. The year 2017 has been a partial year of recovery or adjustment, but there remain a selection of African economies that continue to experience issues with their currencies as a reflection of the problems that are affecting them at home. Here we take a look at four prime examples.
Tom Jackson, 1:52 am AFKI Original
Finding skilled workers is a major barrier to the development of Africa’s fintech space, which is catering to a large unbanked African population through mobile and other avenues, but the market is slowly responding. The University of Cape Town recently became the first university in Africa to offer a specialized fintech degree, and other ed-tech and related startups have come to the party in an effort to fill the fintech skills gap.
Staff, 9:20 am
Two years after it was announced, the Senegal Internet Exchange Point (SENIX) is scheduled for official launch on 29 August, according to Cheikh Bakhoum, Chairman of the Board of Directors at SENIX and Director General of Senegal’s State Information Technology Agency (ADIE). Bakhoum said the exchange point would be launched in the country’s capital city of Dakar and would bring about a revolution in the country’s telecoms ecosystem. SENIX is the result of collaboration between 23 partners.
Nigeria Bans Foreign Professionals Without Nigeria Certification As Move To Boost Technological AcquisitionBy Staff, 8:30 am
The Federal Executive Council, FEC, approved a new policy that for any foreign professionals to practice in Nigeria, they have to be registered and certified. This is as the Federal Government has declared a state of emergency on science and technology to boost technological acquisition for the industrial growth of the country. To attract foreign industries, the Federal Executive Council has approved tax rebate which will serve as an incentive for pioneer industries operating in Nigeria.
Staff, 9:19 am
The Nigerian startup space is developing at speed, and stands a good chance of being the continent’s leader in the next few years when it comes to the amount of funding raised. According to the annual African Tech Startups Funding Report produced by Disrupt Africa, Nigerian startups are the second most backed on the continent, while a recent survey by VC4Africa placed the country first. It is certainly getting easier to raise funding as a Nigerian startup as opposed to, say, five years ago.
Peter Pedroncelli, 2:36 am
African e-commerce platform MallforAfrica and global market leader eBay have announced a development that builds on their existing partnership to enable the sale of African handmade goods into the U.S.. MallforAfrica and eBay will now provide Africans in Nigeria, Kenya, Ghana, South Africa, and Rwanda with a new platform to sell their unique artisan products into the U.S.
Peter Pedroncelli, 6:50 am
Nigeria has been ranked as the third most affected country in the world for cybercrime, with the West African nation only surpassed by the U.S. and the United Kingdom. The news of Nigeria’s struggle against online crime was revealed by the Nigerian Communications Commission, with the organization’s chief executive officer, Umar Danbatta, mentioning that Nigerians are hardest hit after the Americans and British in first and second place respectively.
Peter Pedroncelli, 5:53 am
Renewable energy firm, GreenWish Partners, which is run by former Morgan Stanley executive Charlotte Aubin-Kalaidjian, has announced plans to invest $800 million on solar-powered telecommunications towers to be built throughout Africa. GreenWish will partner with telecoms provider Orange to implement hybrid telecommunication tower systems that are completely off-grid thanks to the combination of a solar panel, a battery and a diesel generator.
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