Lagos Attracted Over $6 Billion in Tech Startup Funding Between 2019 and 2024 – Sanwo-Olu
Lagos State Governor Babajide Sanwo-Olu announced that Lagos attracted over $6 billion in tech startup funding between 2019 and 2024, cementing its role as Africa’s innovation hub. Discover how policies, infrastructure, and digital governance are driving growth.
African Businesses Face 35% Higher Technology Costs Than Global Peers – IFC
The International Finance Corporation (IFC) warns that African businesses face technology costs up to 35% higher than global averages. Learn how infrastructure gaps, limited financing, and digital literacy challenges impact 600,000 businesses and 40 million micro-enterprises, and what solutions are needed.
IFC Warns Africa Risks Missing Out on AI Boom Without Urgent Investments
The International Finance Corporation (IFC) warns that Africa could miss the benefits of artificial intelligence (AI) without urgent investments in infrastructure, skills, and regulation. Learn about AI’s potential impact on Africa’s economy, jobs, and key sectors like health, education, and agriculture.
Hyperbridge Secures $5.6 Million Funding to Launch World’s First Verifiable Multichain Blockchain Bridge
Nigerian engineers at Polytope Labs raise $5.6M seed funding for Hyperbridge, a blockchain solution enabling secure cross-chain digital asset transfers. Backed by Polkadot, Hyperbridge sets a new standard for blockchain interoperability.
Nigeria to Partner with Big Tech Companies to Build Hyperscale Data Centers – NITDA DG
Nigeria plans to collaborate with Big Tech firms to establish hyperscale data centers, ensuring data sovereignty, strengthening AI infrastructure, and positioning the country as Africa’s digital hub.
Heirs Technologies Calls for Bold Investments to Unlock Africa’s Digital Future
Heirs Technologies urges bold investments in Africa’s digital infrastructure, talent, and governance to drive inclusive growth. The report highlights data centers, AI skills, and policy reform as key to the continent’s digital leap.
UAE Launches QuantumConnect to Deliver Next-Generation Quantum Encryption
The UAE’s Technology Innovation Institute (TII), VentureOne, and e& launch QuantumConnect, a groundbreaking quantum encryption solution using Quantum Key Distribution (QKD) to secure critical communications and future-proof networks.
Paratus Namibia Celebrates 20 Years with Launch of E-SIM Service
Paratus Namibia marks its 20th anniversary with the launch of a new e-sim service, strengthening digital connectivity and driving Namibia’s telecommunications growth.
Singapore Orders Meta to Implement Anti-Scam Measures or Face a Fine
Singapore has ordered Meta to enforce stricter anti-scam measures on Facebook under the Online Criminal Harms Act. The company faces a fine of up to S$1 million if it fails to comply.
OpenAI Plans 1GW Data Centre in India to Boost AI Infrastructure
OpenAI plans a 1GW data center in India under its $500B Stargate AI project, expanding local operations and strengthening its presence in its second-largest user market.
