News
Kuda Makes the Elite PYMNTS EMEA 60 Maiden List
Kuda has been announced as a member of the first class of the PYMNTS EMEA 60 by PYMNTS, the global leader in payments industry news and data analytics.
Karen Webster, the Chief Executive Officer (CEO) of PYMNTS, made the announcement in a recent letter to Babs Ogundeyi, the Chief Executive Officer (CEO) of Kuda.
Webster noted that Kuda is one of the 60 renowned fintech institutions across Europe, Middle East and Africa selected for the honour based on their valuation and influence among FinTechs based in the regions.
She further noted that only 20 FinTechs were selected to represent each of the regions, making this recognition a truly pricey position to hold. Kuda and 19 other FinTech peers were selected from the Africa region.
According to her, “PYMNTS is excited to recognize the EMEA 60 during the EMEA PYMNTS FORUM for their outsized impact on forwarding the transformation of the digital economy.”
She informed that Kuda and all the other enlisted honourees will be recognised at the inaugural EMEA PYMNTS FORUM, slated for 22 September, 2022 in Paris, France. The conference program, entitled “Benchmarking the Future of Payments and Finance in EMEA: Who’s Going to Win, How, and Why,” will explore the issues critical to the digital transformation of the global economy.
The EMEA PYMNTS FORUM will offer payments executives from the EMEA region a full day focused on gaining useful, actionable information and making meaningful connections with their C-suite peers.
Participants include senior level executives representing FinTechs, financial institutions, banks, processors, acquirers, card brands, technology companies, investment and VC firms and regulators.
“With the acceleration of innovation taking place in the EMEA region, PYMNTS is compelled and excited to bring together thought leaders in FinTech and beyond to network and gain practical knowledge on how to best operate across the changing and challenging payments ecosystem,” Webster concluded.
In his remarks on the recognition, Babs Ogundeyi expressed appreciation to PYMNTS for the great honour done to Kuda.
“It’s an honour for Kuda to be recognised by PYMNTS, a leading source of data, news and insights on innovation in payments and the platforms powering the connected economy. We’re all very proud of this achievement and we’re motivated to do even more for the world,” he said.
News
FDA Okays Elon Musk’s ‘Blindsight’ Brain Chip to Restore Vision for the Blind
Neuralink, the brain-chip company co-founded by Elon Musk, has achieved a significant milestone with its latest device, “Blindsight,” receiving the U.S. Food and Drug Administration’s (FDA) breakthrough designation.
This recognition highlights the potential of Blindsight to restore vision to individuals suffering from complete or partial blindness, including those with damaged optic nerves.
Blindsight is designed to help even those who have been blind since birth, provided their visual cortex remains functional.
Initially, the device is expected to offer low-resolution vision, but over time, it holds the potential for users to perceive advanced wavelengths like infrared and ultraviolet, offering possibilities beyond natural sight.
Neuralink, established in 2016, is pioneering brain-computer interfaces aimed at addressing neurological disorders. Its technology includes brain implants capable of reading neural signals and wirelessly transmitting them to external devices.
The company is also working on devices to assist paralyzed individuals in controlling digital tools using their thoughts.
Recent developments include the successful implantation of Neuralink’s brain-computer interface in a second patient, who is now able to control video games and design 3D objects using thought alone.
News
Nigeria’s Mpox Cases Mostly Affect Children, Men – NCDC
Mpox infections are disproportionately affecting children and males in Nigeria, according to recent data from the Nigeria Centre for Disease Control and Prevention (NCDC).
Since January 2024, males have accounted for 67% of Mpox cases, with men making up approximately 70% of the 6,001 suspected and confirmed cases recorded since September 2017.
The disease is spreading rapidly, with 1,031 suspected cases reported across 47 local government areas in 23 states and the Federal Capital Territory.
Children under five years old are among the most affected, followed by the 26-30 and 46-50 age groups.
Mpox is an infectious disease caused by the monkeypox virus, characterized by a painful rash, swollen lymph nodes, and fever. While most people recover fully, some may become seriously ill.
The disease can spread from animals to humans and between humans through close contact, respiratory droplets, and contaminated objects.
To combat the outbreak, Nigeria has received a donation of 10,000 doses of Jynneos, a Mpox vaccine, from the United States government.
News
Avanti Communications, IHS Nigeria Recognized with Universal Broadband Award for Connecting Rural Nigeria
Global multi-orbit satellite provider, Avanti Communications (“Avanti”), and IHS Nigeria, part of the IHS Holding Limited (NYSE: IHS) (“IHS Towers”) group, have been recognized for their work in connecting rural Nigeria at the 2024 World Space Business Awards.
Each year at World Space Business Week, Novaspace, a merger of Euroconsult and SpaceTec Partners, award the most forward-thinking businesses and innovations contributing to the future of the global space sector.
The Universal Broadband Award recognizes those committed to helping transform the lives of underserved communities.
Together, Avanti and IHS Nigeria have been helping improve the connectivity landscape across Nigeria, bringing broadband connectivity to rural communities nationwide, where the cost of traditional telecommunications networks can leave millions behind.
IHS Nigeria already has a strong footprint in Nigeria, operating over 16,000 towers across the country.
To help extend this reach, Avanti has been supplying the physical, transport and network layer for the transmission of cellular backhaul traffic to and from cellular towers, back to the core network of mobile network operators.
The partnership has delivered fast, cost-effective and reliable 3G and 4G connectivity to 700 rural sites across Nigeria, directly benefitting more than 3.5 million people.
Mohamad Darwish, CEO, IHS Nigeria, said, “We are deeply honored to receive this award, recognizing our commitment to innovation and social responsibility in expanding global connectivity.
As one of the largest independent tower companies globally, IHS Towers is dedicated to helping bridge the digital divide, particularly in Nigeria, where we operate more than 16,000 towers.
IHS Nigeria’s partnership with Avanti Communications has been pivotal in bringing broadband connectivity as well as delivering sustainable, reliable, and cost-effective solutions to rural areas. Together, we are striving to help transform lives by enabling digital inclusion, job creation, and driving socio-economic development across underserved and unserved communities.”
Kyle Whitehill, CEO at Avanti, said, “The mission to provide cost-effective, reliable, and sustainable internet solutions is more than a professional endeavour; it is a mission we each carry personally at Avanti. Access to the internet is not a luxury, it is a necessity.
“It opens doors to education, healthcare, economic opportunities, and global connectivity. For too long, the remote and hard-to-reach regions of Africa have been left in the dark, disconnected from the boundless potential connectivity brings.”
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