Author: Akin Naphtal

Banque Misr, one of Egypt’s leading banks, has signed a long-term agreement with Mastercard to provide customers with the latest digital payment technology. According to a press release, the deal will allow Banque Misr to offer new products, services and innovative solutions to customers from all segments while supporting advanced and competitive digital solutions. In line with Egypt’s strategy to achieve digital transformation and promote e-payment systems, the partnership will help connect unbanked segments of society to convenient financial solutions. Chairman of Banque Misr, Mohamed El Etreby and EEMEA President of Mastercard, Dimitrios Dosis, signed the agreement. READ ALSO:Ericsson’s Interference…

Ericsson’s Interference Sensing software, which was announced on February 9, 2023, has been awarded the “Innovative Breakthrough in Mobile Technology” GTI Award 2023 and the Outstanding Award for significant contribution to the industry at the Mobile World Congress (MWC) 2023 event in Barcelona. The software is designed to optimize mid-band Massive MIMO performance by minimizing inter-cell interference, resulting in an increase in network capacity of up to 40 percent. Interference Sensing is one of more than 10 new radio access network (RAN) and transport solutions unveiled by Ericsson earlier this month. READ ALSO:Jordan and Amman Chambers of Industry Host Workshop…

Jordan and Amman Chambers of Industry conducted a workshop on digitisation as part of the Najahna project. The workshop titled “The Concepts of the Fourth Industrial Revolution, Evaluating and Enhancing Readiness for its Implementation in the Industrial Sector” aimed to discuss the concepts of the Fourth Industrial Revolution. During the workshop, the participants also discussed the impact of digitisation on manufacturing processes, including the gap between skilled and unskilled workers, among other relevant topics. The Fourth Industrial Revolution is a term used to describe the current trend of automation and data exchange in manufacturing processes. This revolution is expected to…

Flex Yang, the former CEO and founder of Babel Finance, is leading the restructuring efforts of the now embattled crypto asset unicorn while introducing a new decentralized project called Hope. The project aims to blend centralized finance (CeFi), decentralized finance (DeFi) and traditional finance (TradFi) to offer transparency and security while providing easy access to users. The Hope project has its namesake token, which will eventually be pegged close to the dollar as adoption grows. However, the token will initially use Bitcoin and Ether as reserves instead of cash and cash-equivalent assets, which may raise some eyebrows. Yang compares Hope…

SAP, the German software company, has sold its American subsidiary Qualtrics to a consortium led by US and Canadian investment firms for $7.7 billion. The sale of the online market research software firm comes as SAP is looking to focus on its core cloud businesses, amid turbulence in the tech sector. The transaction was conducted at a price of $18.15 per share and SAP had bought Qualtrics several years ago for $8 billion. The total value of Qualtrics is now $12.5 billion, according to SAP. READ ALSO:Silex Technology unveils Wi-Fi and Bluetooth module for NXP i.MX series TuneIn Launches Interactive…

Silex Technology has launched a new Wi-Fi and Bluetooth SDIO module named SX-SDMAX, designed to improve wireless connectivity for the NXP i.MX series and other platforms. The module, using the NXP Semiconductors IW611 chipset, supports the latest 802.11ax (Wi-Fi 6) standard, providing secure, reliable and easy-to-add wireless connectivity that allows better communication in dense environments. Silex Technology also offers custom driver development and patching services, helping NXP i.MX customers to eliminate driver development and integration efforts or get custom, local support to help design their products. Silex Technology has designed the module to provide a product lifecycle of up to…

TuneIn, a radio service that allows users to livestream news, sports, music and podcasts, has announced the launch of TuneIn Explorer, an interactive map feature, for iOS and Android devices. TuneIn Explorer enables users to access over 100,000 local AM/FM radio stations from almost every country in the world. This feature was available on the web since February and has now been expanded to mobile devices. To use the TuneIn Explorer feature, users click on the “Radio” tab in the TuneIn mobile app, which takes them to a world map where they can zoom in to find a specific region…

Naspers Foundry, the South Africa-focused venture capital fund of Africa’s most valuable tech company by market capitalization, Naspers, has been shut down due to challenges in the venture capital industry, according to local news outlet BusinessDay. The firm will maintain its investments, including writing follow-on checks, in its nine portfolio companies. These include Planet42, SweepSouth, Naked Insurance, Aerobotics and WhereIsMyTransport. Naspers Foundry, which launched in 2019, was established to back South African startups in Series A and B stages. Its investment strategy was aligned with Naspers’ focus on internet businesses, such as food, payments or classifieds, as well as any…

MTN Group records a strong 2022 financial performance, including an expansion in return on equity to 23.4% and a 10% increase in the dividend to 330 cents per share, in a challenging macroeconomic environment of elevated inflation across our 19 markets. In the year to 31 December 2022, total subscribers rose 6% to 289 million, with data subscribers growing by more than 12% to 137 million and Mobile Money users up by 21% to 69 million. Demonstrating good operational execution and ongoing strategic delivery, in constant currency terms the Group reported a 15.3% increase in service revenue to R194 billion…

Telehealth startup Cerebral has inadvertently shared sensitive information of over 3.1 million patients with third-party advertisers, including Google, Meta and TikTok. The company admitted to the oversight on its website, stating that it exposed a range of patient data through tracking tools used as far back as October 2019. The information compromised includes patient names, phone numbers, email addresses, birth dates, IP addresses, insurance information, appointment dates, treatment and more. It may have also revealed the answers patients provided as part of the mental health self-assessment on the Cerebral platform, which they can use to schedule therapy appointments and receive…