Many regions in Africa still struggle with limited and expensive internet access. By providing a direct undersea connection between South Africa and Brazil, Project Waterworth will improve bandwidth, lower latency, and reduce reliance on existing routes, making internet services faster and more affordable.

Meta, the parent company of Facebook, has unveiled an ambitious new undersea internet cable project, dubbed Project Waterworth, it announced on February 14. The initiative spans over 50,000 km and aims to connect North and South America, Africa, Asia, and Australia, making it the longest undersea cable ever deployed.

The cable will link major regions, including the U.S. East Coast, Brazil, South Africa, India, Australia, and the U.S. West Coast. Meta asserts that the project will promote economic collaboration, enhance digital inclusion, and accelerate technological advancements in these regions.

Furthermore, Meta has announced the deployment of advanced cabling technology to enhance resilience against natural wear and potential threats. The cables will be laid in deep waters, reaching depths of approximately 7,000 meters, making them more difficult to access and sabotage. Additionally, enhanced burial techniques will be used in high-risk fault areas, such as coastal waters, to protect against ship anchors and other hazards.

With Project Waterworth, Meta is not only securing its infrastructure but also positioning itself as a leader in global internet connectivity. This investment could transform digital access and economic opportunities in the connected regions while setting new standards for undersea cable security and resilience.

Project Waterworth could significantly boost African development by improving connectivity and driving economic growth. As of January 2024, internet access in Africa varies, with Morocco at 90.7% while Central Africa lags at 10.6%, according to Statista. By providing a direct undersea link between South America and Africa, Project Waterworth aims to enhance bandwidth, reduce latency, and make internet access more affordable and widespread.

Hikmatu Bilali

 

Posted On lundi, 17 février 2025 11:47 Written by

In 2019, four Egyptian tech entrepreneurs ventured into the world of e-commerce. Their startup has been growing rapidly, and they have now secured $6.75 million in funding to expand across the MENA region, enhance their tools and data analytics, and strengthen their team.

Taager is an e-commerce platform developed by a Cairo-based startup. Founded in 2019 by Abdelrahman Sherief, Ahmed Ismail, Ismail Omar, and Mohammed Elhorishy, it offers online sellers a comprehensive solution, including logistics services such as warehousing and shipping, as well as an online marketplace to host their products, making it easier to connect with customers.

Earlier last week, it raised $6.75 million to support its growth. “Taager has created its own category, which means we have had to spend the past five years building social commerce fundamentals from the ground up. In the past two, we have refined the business, becoming more capital efficient, scalable and improved our core unit economics. Now it’s time to scale. We have laid the groundwork to enable us to grow five times within the next few years,” explains Mohamed Elhorishy.

Available exclusively on Android, Taager has been downloaded over 100,000 times, according to Play Store data. Leveraging AI and data science, the platform offers transparent pricing and an optimized product selection process, empowering sellers to focus on business growth while Taager manages operational complexities.

The startup is active in Egypt, the United Arab Emirates, Saudi Arabia, and, more recently, Iraq. To date, it has served over 45,000 online sellers.

By Adoni Conrad Quenum,

Editing by Feriol Bewa

Posted On lundi, 17 février 2025 08:41 Written by

Chadian authorities are looking to position digital technology as a key driver of the country’s socioeconomic development. To achieve this, N’Djamena is relying on international cooperation.

The Chadian government is exploring a partnership with India to bolster its digital economy. Discussions focused on this potential collaboration took place Friday between Chad’s Minister of Communications, Digital Economy, and Digitalization, Boukar Michel, and India’s Deputy Minister of Foreign Affairs for Central and East Africa, Sevela Naik Mude.

The talks centered on three key areas: training Chadian engineers in artificial intelligence (AI), supporting the National School of Information and Communication Technologies (ENASTIC) with specialized training for students and faculty, and accelerating the digitization of postal services, including a proposed postal bank.

Chadian officials see India as a global leader in digital technology. India ranks 97th out of 193 countries on the UN’s e-Government Development Index (EGDI), with a score of 0.6678 out of 1, surpassing the global average of 0.6382. The International Telecommunication Union (ITU) also recognizes India for its cybersecurity expertise.

Chad hopes to leverage India’s experience to make digital technology a driver of socioeconomic development. In December 2024, the government launched the $122.3 million (76.45 billion CFA francs) World Bank-funded Digital Transformation Support Project (PATN). Chad’s current EGDI score of 0.1785 lags behind the Central African regional average (0.3354), the African continent (0.4247), and the global benchmark. The country’s cybersecurity classification is Tier 4 out of five.

Discussions between Chad and India are in their early stages, and no firm commitments have been made. However, both sides expressed interest in formalizing the partnership through a memorandum of understanding. No timeline has been announced.

By Isaac K. Kassouwi,

Editing by Sèna D. B. de Sodji

Posted On lundi, 17 février 2025 08:19 Written by

To democratize access to long-term investments for young South Africans, two tech entrepreneurs have launched a fintech solution.

Fynbos Money is a fintech solution designed to simplify and make long-term investing more attractive in South Africa. Launched in 2024 by Matthew de Haast and Adrian Hope-Bailie, the platform offers an intuitive web-based interface that eliminates financial jargon and advisor fees.

The platform is designed to make investing easy to understand by distilling the basics of long term wealth building into a platform that does it all for you without charging a share of your investment as a fee,” explains Adrian Hope-Bailie. “Instead we are trying to disrupt the way financial service providers structure their fees by only charging a flat subscription fee.”

Fynbos Money offers a free emergency account with low-risk savings that deliver an “attractive” annual return, as well as a savings account that allows users to choose from five equity funds to maximize long-term investment growth, all without capital gains tax. Unlike traditional platforms that charge fees based on the amount invested, Fynbos Money operates on a two-tier model: a free “Roots” plan and a paid “Protea” plan.

The “Roots” plan provides access to both types of accounts without requiring a subscription, enabling users to start investing with no upfront costs. The “Protea” plan, on the other hand, is a fixed monthly subscription that unlocks additional features, such as family accounts and dedicated savings options.

We started with a friends and family pilot in October and have been growing steadily from there. We’re just over 2,000 users now and are seeing great growth week-on-week,” adds Adrian Hope-Bailie.

By Adoni Conrad Quenum,

Editing by Feriol Bewa

Posted On lundi, 17 février 2025 07:46 Written by

The country is steadily moving toward a cashless economy. In recent months, authorities have approved the interoperability of bank cards, followed by that of point-of-sale terminals.

Sierra Leone launched its instant payment service on Thursday, enabling real-time transfers between mobile operators, banks, and mobile money and bank accounts. Currently, seven banks and two mobile money service providers are connected to the system, with full integration deadline set for April 1st for all players. 

"Today I have a system that is connected to the banks directly, with interoperability, I am going to shut that system down, that is one more cost removed. When our cost of business is reduced that means we can be able to translate it and give the customer a better service," explained Martison Obeng-Agyei, Managing Director of Afrimoney Sierra Leone (Africell).

David Mansaray, CEO of Orange Money Sierra Leone (Orange), believes the initiative will facilitate access to loans and, in the long run, streamline banking operations and business transactions.

This initiative aligns with the Bank of Sierra Leone’s (BSL) vision to modernize the country’s payment system and build a cashless economy. Following the launch of the national payment switch in April 2023, the central bank successively implemented interoperability for bank cards and then for point-of-sale terminals. The next phase will focus on opening an international payment gateway, allowing Sierra Leonean-issued payment cards to be used abroad.

As of December 31, 2023, Sierra Leone had 8.2 million mobile money accounts, including 1.7 million active accounts, according to central bank data. The country also recorded 22.3 million bank accounts, although the number of individuals holding these accounts was not specified. In 2022, the BSL estimated that 29% of the adult population had an account with a financial institution or a mobile money service provider.

By Isaac K. Kassouwi,

Editing by Sèna D. B. de Sodji

Posted On vendredi, 14 février 2025 16:13 Written by

In Africa, the advent of 5G is revolutionizing the telecommunications sector, delivering ultra-fast speeds, reduced latency, and enhanced connectivity. This technology paves the way for new applications in key industries, which Tunisia can now leverage to accelerate its digital transformation.

Orange Tunisia officially launched its 5G network on Friday, offering ultra-high-speed connectivity. This milestone marks a major turning point in Tunisia’s digital development and positions Orange Tunisia at the forefront of innovation in the telecommunications sector. The introduction of 5G addresses the growing demand for connectivity, benefiting both professionals and individuals while supporting the country’s digital transition.

"5G from Orange Tunisia delivers an optimized customer experience with ultra-fast download speeds, minimal latency, and increased connection capacity. With speeds three to four times faster than 4G, 5G meets the rising need for connectivity," the operator stated in a press release.

Apart from this major technological rollout, Orange Tunisia has introduced the MAXBOX 5G, a next-generation WiFi 6 router designed to provide an optimal home experience. With unmatched performance, the MAXBOX 5G includes a Turbo mode, specifically tailored for gaming and streaming enthusiasts, allowing users to fully harness 5G’s capabilities in their daily digital activities.

This initiative is also accompanied by the creation of a “5G Lab”, an innovation hub dedicated to testing 5G applications in key sectors such as Industry 4.0, healthcare, culture, and education. Open to businesses, startups, and academic institutions, this laboratory aims to foster collaborative innovation and explore how 5G can drive Tunisia’s digital transformation.

A Milestone for Tunisia’s Telecom Sector

The launch of 5G is part of a broader digital development strategy. With this deployment, Orange Tunisia becomes the fifth operator within the Orange Group to commercialize 5G in Africa and the Middle East. The network is already operational across 400 sites, covering multiple regions, and will progressively expand to reach all governorates in the country.

This launch aligns with the forecasts of the African Telecommunications Union (ATU), which, in its January 30 report titled “5G Readiness and Relevant Use Cases in Africa,” highlights 5G’s potential to transform the continent’s economy. According to the report, applications such as smart agriculture, remote healthcare, and online education could be revolutionized by 5G, significantly improving the quality of life across Africa.

The GSMA, the global association of mobile operators and manufacturers, goes even further, estimating that 5G networks could contribute $26 billion to Africa’s economy by 2030. This projection underscores 5G’s enormous potential to drive growth in key sectors and support economic development across the continent.

By Samira Njoya,

Editing by Sèna D. B. de Sodji

Posted On vendredi, 14 février 2025 14:06 Written by

The Tony Elumelu Foundation (TEF) signed, on February 12, a $6 million partnership with the UAE Office of Development Affairs and the Khalifa Bin Zayed Al Nahyan Foundation to support 1,000 young African entrepreneurs with training, mentorship, networking opportunities, and non-refundable $5,000 seed capital each.

The agreement was signed at the World Governments Summit by TEF Founder, Tony O. Elumelu, and His Excellency Mohamed Haji Al Khoori, Director General of the Khalifa Bin Zayed Al Nahyan Foundation.

This initiative further reinforces TEF’s mission to empower young business leaders across all 54 African countries, strengthening Africa’s entrepreneurial ecosystem and driving economic growth on the continent.

 

 

Posted On vendredi, 14 février 2025 14:01 Written by

Fintech Company Payaza has expanded to Ghana, introducing a ₵15 million ($973,000) business support initiative to help entrepreneurs, small businesses, and startups scale.

At its launch event, SME Thrive, attendees will gain networking opportunities, expert business insights, and access to funding and payment solutions designed to drive local and global growth.

Payaza aims to enhance financial accessibility and business expansion through seamless payment processing and tailored financial tools. This expansion cements Payaza’s role in boosting SME growth and strengthening Ghana’s digital economy.

Posted On vendredi, 14 février 2025 13:38 Written by

Leveraging AI research and innovation can help African countries tap into this multi-trillion-dollar opportunity, driving advancements in healthcare, fintech, and smart agriculture. It is vital for enhancing digital access, creating jobs, driving innovation, and improving global competitiveness

President Tinubu engaged in strategic discussions with Google executives on Wednesday, February 12 in Paris, accompanied by Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani. The meeting focused on positioning Nigeria as a key technology and innovation hub, leveraging AI, cloud computing, and expanded digital infrastructure to boost economic growth and global competitiveness.

President Tinubu commended Google CEO Sundar Pichai for the company’s commitment to advancing Artificial Intelligence (AI) and digital transformation in Nigeria. He emphasized that this collaboration aligns with his administration’s Renewed Hope Agenda, aimed at economic diversification through industrialization, technology, and innovation. The Federal Ministry of Communications, Innovation, and Digital Economy will oversee the partnership, while the National Information Technology Development Agency (NITDA) will coordinate efforts alongside private sector stakeholders to maximize impact.

Key initiatives discussed include expanding digital infrastructure to enhance connectivity nationwide, equipping Nigeria’s workforce with essential digital skills for the future, promoting AI-driven research and innovation, encouraging cloud adoption across various industries, and strengthening Nigeria’s role in the global digital economy.

Sundar Pichai reaffirmed the company’s commitment to supporting Nigeria’s digital transformation. He stated, “Nigeria has an incredible opportunity to lead in AI and digital innovation in Africa. Google is excited to continue working with the Nigerian government to create an ecosystem that fosters innovation and economic growth.”

The partnership between Google and the Nigerian government is a significant step toward accelerating digital transformation, economic growth, and job creation in Africa’s largest economy. The World Economic Forum estimates that AI and automation will create 97 million new jobs globally by 2025. Equipping Nigerians with AI and digital skills will help bridge the digital divide and prepare the workforce for the future.

Hikmatu Bilali

 

 

Posted On vendredi, 14 février 2025 12:36 Written by

In today's digital world, reliable citizen identification is essential. To ensure access to services, prevent fraud, and promote digital inclusion, we need robust systems and clear rules, all while safeguarding personal data.

 Trident Digital Tech Holdings Ltd., a Singapore-based digital transformation company, said on Wednesday it signed an agreement with the Democratic Republic of Congo's Ministry of Posts, Telecommunications, and Digital Affairs to deploy a national digital identity system. The initiative aims to modernize public administration and improve citizens' access to essential services.

"The digital identity system is a fundamental pillar of our country's modernization through digital transformation," said Augustin Kibassa Maliba, Minister of Posts, Telecommunications, and Digital Affairs. "With Trident, we will be able to provide our citizens with secure and efficient access to government services while protecting their personal data through advances in blockchain technology."

The system will allow the Congolese government to digitally manage and authenticate citizens' identities, enabling individuals to securely and reliably prove their identity online or offline using unique digital credentials.

National digital identification systems typically operate on four key principles: secure authentication (allowing citizens to reliably identify themselves for public or private services), streamlined procedures (facilitating online administrative processes like tax payments), fraud prevention (reducing identity theft and fraud risks), and interoperability (ensuring the digital identity's usability across various contexts).

The system's deployment could significantly impact the Congolese population by expanding access to formal financial services like bank accounts, loans, and insurance; enabling more efficient distribution of public services, including subsidies, healthcare, and education; and providing accurate, up-to-date demographic data for economic planning and policy decisions.

Trident's statement did not detail the company's specific roles in the project, such as IT infrastructure provision, database construction, or system security expertise.

For the project to succeed, the Congolese government must address several challenges, including safeguarding personal data through an effective legal and technical framework under the digital code. Expanding internet access and digital devices, especially in rural and remote areas, is also crucial. Furthermore, educating the population on using the digital identity system will be essential to maximize its benefits.

By Samira Njoya,

Editing by Sèna D. B. de Sodji

Posted On vendredi, 14 février 2025 12:13 Written by
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