Author: Akin Naphtal

Interswitch Group, has announced a partnership with Kenyan lender, Credit Bank, the International Fund for Agricultural Development (IFAD) and Ria Money Transfer. The partnership will facilitate the provision of diaspora cash remittance services to rural recipients in Kenya through the Savings and Credit Cooperative Society (SACCOs). According to the company, the program; tagged the Affordable Remittances and Enhanced Financial Inclusion Programme, the initiative will enable unbanked rural remittance receivers to access formal banking services through a basic and transparent bank account and see Interswitch and its partners collaboratively train and build capacity for over 1,350 SACCO members. Credit Bank projects…

The Nigerian Communications Commission (NCC) has said it is not the regulator of the contents of the social media networks that many stakeholders have complained about. The submission came during a recent visit of the National Civil Society Council of Nigeria (NCSCN), led by its executive secretary, Blessing Akinsolotu, who sought the intervention of the Commission on the worrisome and misleading content of social media platforms. “We know that NCC, as the regulator of the telecoms industry, has greater role to play in helping to curb the spread of fake news and incendiary contents that Internet users put on social…

The Nigerian Communications Commission (NCC) has announced the commencement of the training of another batch of 600 youths in ICT to make them relevant in the new digital age. According to the Commission, this is contained in a statement issued to the media this week in Ibadan. The two-week-long training, under the Digital Literacy and skills, would commence simultaneously in Ibadan, Lagos, Ilorin, Abuja, and 12 other centres nationwide. The package for the training includes free accommodation and feeding of participants, provision of free laptops, computers, mobile mifi internet devices with three months subscriptions, training materials, and training certificates to…

The CMA has prevented Microsoft’s proposed purchase of Activision over concerns the deal would alter the future of the fast-growing cloud gaming market, leading to reduced innovation and less choice for UK gamers over the years to come. The final decision to prevent the deal comes after Microsoft’s proposed solution failed to effectively address the concerns in the cloud gaming sector, outlined in the Competition and Markets Authority’s (CMA) provisional findings published in February. Microsoft entered into a $68.7 billion deal to buy Activision, one of the most popular video games publishers in the world, in January 2022. The CMA…

Leading pan-African technology solutions group Liquid Intelligent Technologies (https://www.liquid.tech), a business of Cassava Technologies, today announces the extension of Liquid’s net debt: EBITDA covenant threshold in respect of its ZAR term loan and RCF.Earlier this year we engaged with our lending partners on a pre-emptive basis due to the prospect of further exchange rate volatility in certain markets. Following constructive discussions, we are pleased to announce deferrals in the step down schedule for the net debt: EBITDA covenant threshold in respect of our ZAR term loan and RCF.Earlier this year we engaged with our lending partners on a pre-emptive basis…

As technology continues to advance, the idea of Artificial Intelligence (AI) replacing jobs is becoming a reality. AI is being used in a variety of industries to automate processes and increase efficiencyInternational Business Machines (IBM) CEO Arvind Krishna said in a new interview with Bloomberg that roughly 7,800 roles in the company could be replaced by Artificial Intelligence (AI) in the near future. Krishna pointed out that non-customer-facing roles, which account for about 26,000 workers in IBM, could see 30% of those jobs being replaced by AI and automation over the next five years. IBM’s decision underpins the company’s strategy…

As part of the Lagos State government’s efforts to transform the city into a smarter city, Lagos State Governor Babajide Sanwo-Olu has announced the introduction of the first set of electric buses in the Lagos Mass Transit Master Plan, in partnership with Oando Plc. With the ability to travel 280km at full charge, the new electric buses are a game-changer for the city’s public transportation system. The buses are expected to reduce carbon emissions and increase efficiency, making transportation more cost-efficient for Lagosians. “Thanks to our partnership with @Oando_PLC, Lagosians can expect a cleaner and greener public transportation system,” Governor…

Safaricom and the Higher Education Loans Board (HELB) of Kenya have teamed up to launch the HELB Mobile Wallet and the HELB M-PESA Mini App. This partnership aims to empower students by providing them with a more efficient way of receiving the upkeep portion of their student loans directly to their M-PESA account. The partnership also introduces the HELB M-PESA Mini App, where HELB beneficiaries can manage their accounts. READ ALSO:Roqqu Receives Regulatory Approval to Operate in South Africa Raxio Data Centre Uganda hosts government representatives for partnership talks on data centre services MTN Group launches free online MTN Skills…

Dubai-based fintech company xCube has launched a new digital investment and trading platform for stocks and derivatives in the United Arab Emirates (UAE). The platform is now available for download on the App Store and Google Play. xCube offers a completely digital account opening process that can be completed in minutes with no minimum deposit required. The app has competitive rates, simple IPO registration and state-of-the-art tools for monitoring market activity. Investors can enjoy a hassle-free investment experience with xCube’s intuitive platform. READ ALSO:UAE Minister Emphasizes Crucial Role of AI Research in Creating Practical Solutions for Economic and Social Value…

Gulf Business Machines (GBM) has entered into a three-year partnership agreement with Al Ahli Bank of Kuwait (ABK) to implement the GBM Shield cybersecurity platform within ABK’s operations. ABK is one of the first customers in Kuwait to adopt GBM Shield, GBM’s most comprehensive cybersecurity offering to date. This move is a significant step toward enhancing cyber resilience. Through GBM Shield, ABK will have access to GBM’s extensive experience and local know-how, as well as its team of security professionals available 24/7. READ ALSO:Stake offers Golden Visa opportunities through digital investment platform in Dubai Paymentology partners with Nomo Bank to…