Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Connect with us

Telecom

Google for Startups Accelerator Africa Program Gets Cohort 8

Published

on

Kindly share this post

Google today announced the 8th cohort of its Google for Startups Accelerator Africa program. This year’s cohort features ten innovative startups from Nigeria, Kenya, Rwanda, and South Africa, selected from nearly 1,000 applications, highlighting the remarkable talent and creativity in the African tech ecosystem.

Startups play a pivotal role in driving economic development and technological innovation in Africa. By addressing local challenges with tailored solutions, these startups are not only creating jobs but also enhancing the quality of life across the continent. Despite the current “funding winter” in Sub-Saharan Africa, where investment flows have slowed, the resilience and ingenuity of African entrepreneurs continue to shine.

Since its inception in 2018, the Google for Startups Accelerator Africa program has supported 106 startups from 17 African countries. These startups have collectively raised over $263 million and created more than 2,800 direct jobs, showcasing the program’s substantial impact on the African tech landscape. This year’s cohort places a strong emphasis on artificial intelligence, highlighting the growing importance of advanced technologies in addressing Africa’s most pressing challenges.

Folarin Aiyegbusi, Head of Startups Programs for Google in Africa, said: “We are thrilled to welcome the 8th cohort of the Google for Startups Accelerator Africa program. These startups represent the future of African innovation, harnessing the power of technology to solve real-world problems and uplift their communities. We are committed to supporting these founders by providing them with the resources and mentorship they need to succeed and scale their solutions.”

Meet the Google for Startups Accelerator Africa: Class 8:

CDIAL AI (Nigeria): Transforming multilingual communication across Africa with the power of artificial and collective intelligence.

Earthbond (Nigeria): Lighting up homes and businesses across Africa with affordable, reliable energy solutions, bolstered by carbon accounting and development finance.

Fixxr (South Africa): Putting car owners and businesses in the driver’s seat with transparent and convenient on-location vehicle maintenance and repair services.

Lifesten Health (Rwanda): Innovating health and wellness through cutting-edge screening and incentive-based programs focused on physical, mental, and nutritional health.

MyAIFactchecker (Nigeria): Equipping users with an AI-powered tool to combat misinformation and promote informed decision-making through fact-checking.

Nakili (Kenya): Bringing salons, barbershops, and spas into the digital age with a mobile-based app for streamlined management and enhanced customer experiences.

NextCounsel (Nigeria): Supercharging lawyer productivity with an AI-powered tool for contract management, solicitor engagement, compliance, and more.

Nobuk Africa (Kenya): Simplifying financial management for groups and collectives across Africa with a seamless platform for collecting funds, reconciling payments, and generating reports.

Rana Energy (Nigeria): Providing clean, reliable energy solutions to SMEs and communities through a data-driven ecosystem.

Triply (Kenya): Building Africa’s travel operating system, connecting travellers with seamless booking experiences and travel businesses with powerful management tools.

From July 29th to September 20th, 2024, these ten startups will participate in a structured program designed to support their growth. They will receive direct access to the expertise of Google mentors and seasoned entrepreneurs who have navigated the startup path. They will engage in technical workshops to refine their products, hone their business strategies, and strengthen their leadership skills. The program will also prepare them to secure follow-on funding from Google’s global network of investors.

The participation of these startups in the accelerator program marks a significant step in their journey towards scaling their solutions and increasing their impact.


Kindly share this post

Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

Telecom

MTN Mulls Establishment of Fintech Firm in Nigeria, Others

Published

on

Kindly share this post

MTN Uganda is seeking input from stakeholders on a plan to structurally separate its mobile money service, MoMo, from its core telecoms business.

According to the company, the proposed change will be discussed at the upcoming extraordinary general meeting on July 2.

If approved, the telco’s fintech business will be run by a new company controlled by MTN Group Fintech Holdings B.V. and a trust benefiting minority shareholders following a merger.

Additionally, the restructuring also aligns with MTN Group’s ambition 2025 strategy which aims to unlock value, attract new investors, and strengthen regulatory compliance by creating standalone fintech entities in Uganda, Ghana, and Nigeria.

The company’s fintech division has over 13 million customers, with an 18.4% revenue increase in the first quarter of 2025, driven by 19.0% growth in mobile money services, 19.8% growth in transaction volumes, and a 31.4% increase in transaction value.

Reports say the decision is part of the telco’s compliance with the National Payment Systems Act 2020, which mandates mobile money businesses to operate as standalone entities, and to align with MTN Group’s regional fintech strategy.

MTN Uganda, which is led by CEO Sylvia Mulinge, highlighted that the implementation of the proposed transaction will be subjected to a number of conditions and regulatory procedures.

“The implementation of the proposed transaction shall be subject to a number of conditions, including the company and MTN MoMo receiving all required regulatory approvals and no-objections and complying with any regulatory conditions,” said MTN Uganda in notice.

 


Kindly share this post
Continue Reading

Telecom

Netflix Expands European Presence with €1 Billion Investment in Spain

Published

on

Kindly share this post

Netflix has announced plans to invest more than €1 billion in Spanish film and television productions over the next four years, reinforcing its commitment to Spain as a key creative hub in Europe.

The announcement was made by co-chief executive Ted Sarandos at an event held at Netflix’s production studios near Madrid, celebrating the company’s 10-year presence in the country.

Sarandos emphasized that the investment would contribute significantly to Spain’s economy, create jobs, and enable the streaming platform to produce more local content. He was joined by Spanish Prime Minister Pedro Sánchez in unveiling the initiative.

Netflix first established its international production studios in Madrid in 2019, following the success of the Spanish-language hit series Money Heist.

Since then, its 22,000-square-meter facility has become one of Netflix’s major production centers within the European Union.

The company currently supports over 20,000 jobs in Spain, highlighting the nation’s growing influence in global entertainment.

The investment reflects Netflix’s ongoing strategy to expand its presence in European markets through original content and local talent.


Kindly share this post
Continue Reading

Telecom

ngCERT Issues High Alert to Nigerians Using Android Phones

Published

on

Kindly share this post

Nigeria Computer Emergency Response Team (ngCERT) has raised alarms over a new wave of advanced cyberattacks targeting Android mobile phones through a malware campaign dubbed Tria Stealer.

ngCERT Issues High Alert to Nigerians Using Android Phones

The malicious software is designed to infiltrate Android devices, hijack messaging accounts, intercept One-Time Passwords (OTPs), to steal sensitive personal and financial data.

According to ngCERT, Tria Stealer spreads primarily through deceptive tactics, such as fake event invitations distributed via popular messaging platforms like WhatsApp and Telegram.

Unsuspecting users are enticed to download an infected  (APK) file, often disguised as a harmless system application, to evade detection.

Once installed, Tria Stealer requests extensive permissions, including access to SMS, call logs, and app notifications.

It immediately commences data harvesting activities, sending stolen information to a Command and Control (C2) server operated via Telegram bots.

This trojan spreads through fake links, usually disguised as wedding or event invites, and tricks users into downloading malicious APK files

“Account takeover of messaging platforms. Impersonation of victim for fraudulent money transfer requests. Compromise of banking and financial applications. Identity theft and credential harvesting.”

In plain terms, if your phone is compromised, the consequences could be catastrophic.

Your financial apps are vulnerable, your reputation could be ruined by impersonation and even simple personal messages could be twisted into tools for scams.

Here’s what users should be doing now:

Don’t download apps outside the official Play Store.

Be suspicious of random invites or links, even from people you know.

Turn on 2FA for everything—banking, emails, social platforms.

Get a reputable antivirus and keep it updated.

If you run an organisation, you should already be taking this seriously.

ngCERT’s guidance says you should raise awareness, monitor mobile devices, and not let your team click on unverified links.

“Deploy network monitoring for suspicious outbound connections to known C2 domains,” it said, meaning, keep an eye on every digital door in and out.

This isn’t one of those cases where you wait to see if it affects you. By the time you realise it, it may already be too late.

 

 

 


Kindly share this post
Continue Reading

Trending