Tech
Telecom investments fall by 61% to $111m, says NBS
Investment in the telecommunications sector dropped to $111.91m in the first three quarters of 2023, down 61.22 per cent from $288.55m in the same period of 2022, according to the National Bureau of Statistics. This…
Interswitch, firm collaborate on payment solutions
Interswitch and Vienna Payment Solutions have announced a partnership to enhance payment solutions for banks, hospitality industry players, on-the-go services, financial institutions, and retailers. According to the firms,…
Tech4Dev projects 100,000 jobs by 2030
Tech4Dev, a non-profit social enterprise, has announced the launch of an outsourcing enterprise aimed at employing 100,000 young Africans over the next seven years. The firm stated that the creation of its new enterprise,…
Firms invest $19.4bn on ChatGPT, others – IDC
Enterprises invested more than $19.4bn worldwide on GenAI solutions in 2023, an updated forecast from International Data Corporation has shown. According to the firm, this spending was on GenAI software as well as related…
Nasarawa stops right of way charges
The Nasarawa State Government has approved the removal of Right of Way charges for the installation, placing, laying and maintaining telecommunications network facilities in the state. This was revealed in a newly signed…
Graduates urged to develop digital skills
Nigerian graduates need to be equipped with essential skills for today’s digital workplace, experts in the digital space have disclosed. This was stated at the DigifyPro Africa brainstorming session, tagged ‘Industry 4.0…
Premium smartphone market to grow by 6% — Report
The global premium smartphone (with wholesale price ≥$600) market’s sales have been projected to grow by six percent in 2023 to hit a new record, according to Counterpoint Research’s Market Pulse Service. The firm stated…
Slow devices: Apple compensates iPhone users
Apple has started compensating iPhone users who claimed that the company deliberately slowed down certain of their devices, the BBC reports. In 2017, a number of iPhone users in the United States started to observe a…
Crypto exchange seeks to boost Nigeria’s Web3 adoption
Bitlink Exchange has expanded its operations into Nigeria and plans to expand to other African countries this year. It said the move was predicated on its mission to deepen Web-3 adoption by leveraging cryptocurrency…
Startups in Nigeria, others borrowed $1bn in 2023 — Report
Startups in Nigeria and other African countries borrowed $1.1bn in 2023 as equity funding from investors continued to fall. Total funding declined by 39 per cent to $2.9bn in 2023, according to data from Africa: The Big…
