Author: Akin Naphtal

ChatGPT-maker OpenAI has announced that Sam Altman, the company’s ousted co-founder, will be rehired as CEO, following his sudden dismissal last week from the startup he co-founded. The Firm disclosed that the board will be restructured, with Bret Taylor as Chair, and Larry Summers and Adam D’Angelo as members. The statement was made known by the company’s official X account some minutes ago. According to the statement, it says it is still working to figure out the modalities and necessary details to have the former leadership back. READ ALSO: Vertiv trends forecast sees intense focus on AI enablement and energy…

Uber Technologies, announced it proposed offer of $1.2 billion aggregate principal amount of Convertible Senior Notes due 2028, which is subject to market conditions and other factors. The notes are being offered only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. Uber also intends to grant the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $180.0 million aggregate principal amount of the notes. Uber intends…

MTN has disclosed in a recent statement that there would be periodic reviews of the company’s tower contracts to drive efficiency and ensure optimal performance from vendors. According to the CEO of MTN Nigeria, Karl Toriola, he stated and said this was against the backdrop of the recent award of tower contracts to ATC and the fact that another 1,500 site contracts would soon be due for renewal. He made this remark during the MTN Nigeria’s Capital Markets Day, which was held at the Transcorp Hilton, Abuja. He said: “Efficient tower contracts are key in driving cost-effective, deep broadband penetration…

Chat app, Telegram, boasting over 700 million monthly active users, has been experiencing outages in Kenya for more than two weeks, disrupting the activities of primary users of the app, and forcing them to use other platforms. Despite the prolonged disruption, Kenya’s Communications Authority (CA) has not officially confirmed the situation, leaving users and digital rights advocates in the dark. The disruption, which only happens during daytime, and is happening alongside the ongoing Kenya Certificate of Secondary Education (KCSE) examinations, has led people to suspect that Telegram’s offline issues were deliberately created to prevent students from using the app to…

South African lender and wealth manager Investec has unveiled a new trading app for investors and traders called Clarity, which offers access to local and global markets. According to the bank, “Retail investors and traders looking for a simple and cost-effective platform to grow their portfolios in their own way can now do so with Clarity by Investec”. Through Investec-issued contracts for difference (CFDs), investors can trade or invest in over 600 local and international shares and exchange-traded funds (ETFs). And they have the option of trading with or without margin, at any value. “We are launching Clarity for…

The rising cost of telco tariff and data plans in Nigeria has been a source of concern for many consumers and businesses. The high cost of operating and maintaining telecom infrastructure in Nigeria, especially in rural and remote areas where there is poor power supply, security challenges and multiple taxation. The depreciation of the naira against major foreign currencies, which increases the cost of importing telecom equipment and paying for international bandwidth. The inflationary pressure on the economy, which erodes the purchasing power of consumers and reduces their demand for telecom services. The need to ensure a fair return on…

Ride-hailing giant, Bolt, has announced the appointment of Caroline Wanjihia as the new Regional Director for its African and international markets, entrusting her with the leadership of its ride-hailing operations across Africa, the Middle East, and LATAM markets. Bolt says appointing Wanjihia to her new role is an important part of its ongoing commitment to enhance operational efficiency, ensure sustained growth, and invest in local talent. Wanjihia will oversee current operations in the region and spearhead new strategic initiatives, with a particular focus on expanding the company’s footprint across the continent. Expressing her excitement about the appointment, Wanjihia “I am…

Intense, urgent demand for artificial intelligence (AI) capabilities – and the duelling pressure to reduce energy consumption, costs and greenhouse gas emissions – loom large over the data centre industry heading into 2024. The proliferation of AI (as Vertiv predicted two years ago) along with the infrastructure and sustainability challenges inherent in AI-capable computing can be felt across the industry and throughout the 2024 data centre trends forecast from Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions. “AI and its downstream impact on data centre densities and power demands have become the dominant storylines in…

Turaco Inclusive Limited, Africa’s leading insurtech, has announced the appointment of Toba Obaniyi as its General Manager in Nigeria. He has taken charge of driving business growth and acquiring strategic partnerships. He will lead business growth through strategic partnerships to distribute Turaco’s embedded insurance solution. Toba Obaniyi’s arrival heralds an exciting chapter for the insurtech as it rapidly scales its Nigerian operations. Brief Profile about Toba Obaniyi Toba brings to the role deep expertise with over 10 years of experience in enterprise sales of tech solutions. He has earned widespread recognition as the driving force behind WhoGoHost, Nigeria’s prominent cloud…

The Director-General, National Information Technology Development Agency, Kashifu Inuwa, has openly lamented the low-level participation of women entrepreneurs in technology innovation and development. In a recent event, he was quoted and he promised to ensure that no stone is left unturned towards mainstreaming women tech entrepreneurs into the nation’s digital innovation and technology development. During the opening of the Female Tech Founders Training programme at the National Centre for Artificial Intelligence and Robotics, held in Abuja, he was seen to make this remark and thereby encourage more women participation. The Director General, Inuwa, who was represented at the event by…