Author: Akin Naphtal

UAE-based startup nealthy has successfully raised $1.3 million in pre-seed funding for its Web3 platform, which focuses on investing in NFTs (Non-Fungible Tokens) and cryptocurrencies. The funding round was led by experienced Web3 investors, including prominent figure ‘DonGeraldo’. The company plans to utilize the funds to expand its core team, recruit top talent and further enhance its sales and development efforts. The growing interest in Web3 markets, particularly in NFTs, has resulted in a surge of activity, with platforms like OpenSea attracting over 100 million unique visitors monthly. However, potential investors often face obstacles when entering these markets. Regulators are…

Zendy, the online academic research library, has unveiled its new AI-powered features aimed at simplifying the process of literature discovery for researchers. Unlike traditional tools that rely on basic statistical methods, Zendy’s AI-based summarisation and keyphrase highlighting tool comprehends the underlying meaning of research papers, providing researchers with more accurate and insightful information. READ ALSO:AI-powered tech firm Travel Genius announces three new board directors Deal Source Africa Platform Launched to Connect African Businesses with Investors and Funds Digital Banking Services Witness Over 100% Increase in Usage in the UAE, Reveals UAE Banks Federation These advanced features will continuously improve as…

Travel Genius, the most innovative location intelligence platform, has announced the appointment of three new board directors who will bring with them a wealth of experience in hospitality, brand marketing, business process design and governance. Roshni Pandey, Jagdish Sidhu and David King will all join the company with immediate effect. Hannes Bos, the CEO and Founder of Travel Genius said “Their invaluable expertise, diverse backgrounds and deep industry knowledge will undoubtedly play a pivotal role in bringing our innovative solutions to life and driving our company’s success. Their commitment to excellence and passion for innovation align perfectly with our company’s…

Deal Source Africa, a program aimed at connecting African businesses with investors and transaction advisors, has been officially launched at the West Africa Deal Summit in Accra. The program seeks to address the $331 billion funding gap for African SMEs, particularly those with high growth potential, by providing tailored solutions to meet their specific business needs. Interested businesses and funds can register on the platform at https://DealSourceAfrica.co/. The program was developed with funding from the Research and Innovation Systems for Africa (RISA) Fund of UKAid and underwent a successful pilot phase in 2022. READ ALSO:Digital Banking Services Witness Over 100%…

The UAE Banks Federation, the representative body of UAE banks, has reported a significant surge of over 100% in the utilization of digital banking services across various banking channels. This remarkable growth highlights the UAE’s impressive strides in deploying cutting-edge technologies and underscores customer confidence in the security of these services. Speaking at the MEA Finance Banking Technology Summit in Dubai, Mr. Jamal Saleh, Director General of the UAE Banks Federation, emphasized that this substantial increase in digital banking adoption aligns with the proactive vision of the Central Bank of the UAE. The Central Bank has been instrumental in setting…

Intracom Middle East FZ-LLC, a prominent telecom solutions provider in the Gulf region, has announced the appointment of Mr. Andreas Serras as the company’s General Manager. This appointment comes after the departure of Mr. Mohamed Maghraby from the company on March 6th. Mr. Andreas Serras brings extensive experience in senior managerial roles in the IT and Telecommunications Industry, with a career spanning nearly four decades working with major infrastructure manufacturers. Previously, he served as the CEO of Intracom Middle East and Intratelecom in South Africa and Morocco for eight years (2010-2018). Since March 6, 2023, Mr. Serras has assumed the…

Germany, the European Union and Estonia launched the Digital Transformation Centre (DTC) to make Kenya’s digital transformation work for people and businesses. The DTC is part of a broader Team Europe Initiative on Human-Centred Digitalisation. The centre was launched together with implementing partner Deutsche Gesellschaft für Internationale Zusammenarbeit (GiZ) and the Government of Kenya, with as chief guest, the His Excellency Cabinet Secretary, Ministry of Information, Communications and The Digital Economy Eliud Owalo, and the chairpersons of the National Assembly and Senate ICT Committees. As Africa’s Silicon Savannah, Kenya’s digital transformation holds the promise to leapfrog socio-economic development. To achieve…

Cisco has announced a new integration of its AppDynamics application observability and ThousandEyes network intelligence using the OpenTelemetry framework. This bi-directional integration enables real-time data exchange between the two solutions, providing comprehensive insights into application and network performance. User experience has become a crucial performance indicator for organizations and ensuring exceptional digital experiences at scale has become a priority. However, various factors can impact user experience and identifying the root cause quickly is essential to address issues before they affect end users and overall application performance. READ ALSO:Ethio Telecom Launches Innovative Digital Entertainment Applications Financial Firms Accelerate Cloud Adoption for…

Ethio Telecom, the leading telecommunications company in Ethiopia, has been actively involved in developing customer-driven digital solutions and inclusive platforms to empower the Ethiopian entertainment industry. Their goal is to ensure the availability, quality and reliability of telecom services while fostering creativity and enabling content distribution to audiences in a fair and rewarding manner. In line with their commitment, Ethio Telecom has recently launched new digital entertainment applications that aim to revolutionize the nation’s entertainment industry. These applications are designed to bridge the digital engagement gap, provide data-driven value additions, facilitate easy payment and access, offer attractive data bundles and…

New research commissioned by Snowflake reveals that leading financial institutions are prioritizing the adoption of cloud technology to strengthen cybersecurity, fraud detection and claims management. Recent high-profile cyber-attacks and increased financial crime have heightened the urgency for technology teams to invest in cloud solutions that ensure data security and governance. READ ALSO:HUAWEI AppGallery and Haraj App Forge Successful Partnership to Drive Growth in Saudi Arabia IFS to Showcase AI-Driven Solutions for Telecom Industry at Telecoms World Middle East 2023 Mindware to Showcase Digital Transformation Solutions at GITEX Africa 2023 in Marrakech The study highlights the need for financial organizations to…