Brief (505)
Last Monday (May 8), Alexandria Procter, co-founder of South African accommodation website DigsConnect, announced that the women-led investment firm Intaba Capital invested in his firm's ongoing Series A round. The investment amount was, however, not disclosed.
Last Tuesday, UNHCR representative in the Democratic Republic of Congo, Angèle Dikongue-Atangana (photo, right), granted an audience to Congolese Digital Minister Désiré-Cashmir Kolongele (photo, left).
The two parties agreed to strengthen their collaboration in the digital sector, particularly in the management of population data through the upcoming implementation of a unique identification system.
The system will allow the general identification of every resident, including citizens, refugees, and aliens.
Twitter CEO Elon Musk (photo) announced in a tweet published on Thursday (May 11) the launch of the first version of encrypted direct messages on the platform. The feature allows subscribers to communicate without the platform storing their messages, which will only be available on their devices. Musk also mentioned that other features, such as voice and video calls, will be added 'soon’.
The Ivorian Minister of SMEs Souleymane Diarrassouba (photo) launched on Monday (May 8), a mobile application to fight against the cost of living crisis and monitor market prices.
According to the government official, the app dubbed “contrôle citoyen” allows any resident to report illegal pricing practices, the sales of outdated goods, and merchants who fail to display their prices.
Adaverse, a Cardano blockchain accelerator focussed on Africa and Asia, announced on Tuesday (May 9) its investment in BitSport, a blockchain-based Web3 gaming platform founded by Victor Ogunshina and Charles Adenuoye. The amount invested was not disclosed.
"Bitsport’s AI-powered Web3 gaming platform represents the future of gaming, and we are thrilled to be a part of it. Adaverse’s investment in Bitsport highlights our commitment to supporting the development of cutting-edge technology that has the potential to revolutionize the gaming industry," said Vincent Li, founding partner at Adaverse.
Fifty Lybian start-ups, including 36 women-led companies, were selected on Saturday (May 6) to participate in the TEC+ Accelerator program launched by UNDP in partnership with Tatweer Research.
The 8-week TEC+ program will allow the selected start-ups to build their physical and scientific capacities to accelerate their growth and create job opportunities in the market.
About 13 million cyber attacks targeting bank accounts and customer data in the Egyptian banking sector were thwarted by Kaspersky in the first quarter of 2023, according to Amin Hasbiny, the head of the global research and analysis team for the Middle East, Turkey, and Africa at Kaspersky.
Speaking on the sidelines of Kaspersky's eighth annual cybersecurity forum in Almaty, Kazakhstan, Amin Hasbiny noted that the attacks were 186% up from the figures recorded in the same quarter last year.
Last Monday, LinkedIn announced a reorganization of its global sales organization and China strategy. The decision involves the reduction of roles for 716 employees and the phasing out of its local China jobs application, InCareer, by August 9. The decisions stem from the group’s desire to adapt to the changing market, and customer demand as well as become more agile and align teams for its next growth phase.
"As we plan for FY24, we’re expecting the macro environment to remain challenging. We’re adapting as we have done this year and will continue to operate with the ambition we need to deliver on our vision and the pragmatism required to run the business well," wrote Ryan Roslansky, LinkedIn's CEO.
On Thursday (May 4), Vesicash, a Nigerian escrow payment system, announced the launch of its new Merchant of Record (MoR) product, as well as its expansion into new African markets. The MoR product aims to simplify the process for companies to enter new markets, and the startup is utilizing it to facilitate its expansion.
"We are thrilled to launch our Merchant of Record technology in multiple African markets. Thus, expanding our reach to businesses in Ghana, Rwanda, Zambia, and Egypt," stated Vesicash co-founder, Tomisin Adeshiyan.
In Nigeria, the National Information Technology Development Agency (NITDA) and the National Youth Service Corps (NYSC) recently partnered to develop the digital economy. The partnership aims to develop the digital economy in Nigeria by increasing awareness and encouraging the youth to adopt emerging technologies. Under the agreement, training will be offered to youth corps members interested in advanced technologies such as artificial intelligence and robotics.
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Nestcoin, a Nigerian company that makes modern finance borderless, recently announced the launch of "Onboard," a platform aimed at providing modern digital financial services that connect Africans to the global economy.
Among other things, the new platform will allow users to store and move digital assets directly to and from their bank accounts.
Last weekend, Congolese Minister of Posts and Telecommunications Leon Juste Ibombo (photo, right) granted an audience to Guinean Minister of Transport, Evita Oma Honorato (photo, left).
The two officials discussed future agreements to develop the ICT sector in their respective countries. The envisaged cooperation will focus on mobile money interoperability and the implementation of the Oyola training project.
The PAYAIG (Pan-African Youth Ambassador for Internet Governance) initiative developed by Cyber Czar and supported by the British government announced, Tuesday (May 2), the opening of applications for its Internet governance program in Africa.
Applicants must be between 18 and 30 years old, reside in any African country, be able to communicate effectively in one of five languages: English, Arabic, French, Portuguese, or Swahili, and be motivated by Internet governance. The deadline for applications is May 19.
Nigerian fintech company Storspay announced on Monday (May 1st), the successful completion of a $320,000 funding round. The deal allows the startup to join the New York-based accelerator Techstars for a 13-week fundraising and mentoring program. The funds raised will allow the fintech to develop its technology and improve the financial well-being of entrepreneurs through its decentralized Internet lending infrastructure.