Author: Akin Naphtal

Digital insurance platform mTek has partnered with Kyosk.app and Fin Africa to provide insurance coverage to over 100,000 Kenyan dukas, or informal retail shops. This innovative partnership aims to address the underinsurance of the informal retail sector, which employs over 80% of the Kenyan workforce, but faces a wide range of insurable risks, such as business interruption, theft, damage to property, cyber-attacks, and loss of stock. READ ALSO: Cybersecurity ‘key growth sector’ for the Channel in 2023 Node4 Group Appoints Hannah Birch as New Managing Director Digital Intercity Technology Announces Three New Appointments According to mTek CEO Bente Krogmann, the…

Last year, IBM experienced their least profitable sales total since 1987, yet they were able to boost their sales by over 6%, and anticipate more growth in 2023 despite layoffs IBM’s chief executive Arvind Krishna says that the company saw “revenue growth across segments and geographies,” and attributed that to the strength of the company’s hybrid cloud and artificial intelligence strategy. READ ALSO: Node4 Group Appoints Hannah Birch as New Managing Director Digital Intercity Technology Announces Three New Appointments Amazon India Announces the Launch of Air Cargo Service in India The IT software giant increased revenue more than 6% in…

AWS is investing US$4.5 billion (A$6.8 billion) in Australia by 2037 and announced the launch of its second AWS infrastructure Region in Australia, the AWS Asia Pacific Melbourne Region It is estimated that the recently established Region will be able to provide more than 2,500 full-time positions a year, due to a projected investment of over US$4.5 billion (around A$6.8 billion) in Australia until 2037. AWS vice president of infrastructure services Prasad Kalyanaraman says Australia has a strong history of technical innovation and the launch of a second AWS Region in Australia. According to Kalyanaraman it will provide greater resilience…

South African Fintech firm, Mama Money has announced a partnership with Zimbabwe’s AFC Commercial Bank to connect to the Bank’s customer base inclusive of 45 cash collection points. In a statement released to the media, Mama Money said it is estimated that the monthly remittance flows from South Africa to Zimbabwe range between US$30 to US$60 million, through both formal and informal channels – and this accounts for over 10% of the country’s GDP, according to the World Bank. The volume of business is evident, but cost is a barrier. This is where Mama Money is looking to exert its…

Towards strengthening its sustainable energy resources, Zambia has entered into a joint development agreement with the United Arab Emirates (UAE) to secure US$2-billion investment. The agreement lays the foundation for a joint venture between the Zambia Electricity Supply Corporation (Zesco) and MASDAR, a UAE investment funding organisation, to develop and deploy solar projects across the Southern African country. READ ALSO: Onto Secures £100m Credit Funding Alfonso Alvarez Becomes Cellnex UK New MD Cybersecurity ‘key growth sector’ for the Channel in 2023 Zambia’s president Hakainde Hichilema said rollout will be done in stages and begin with the installation of 500MW PV…

Electric car subscription platform Onto, has secured £100m of credit funding from the investment group CDPQ and asset manager Pollen Street. The £100m credit will be used by Onto to purchase more electric cars, which it leases out to customers with a monthly fee that includes insurance, breakdown cover and public charging. “This is a pivotal moment for the adoption of electric cars and at Onto we want to make them more accessible and affordable to people who want to make environmentally-conscious choices,” said Rob Jolly, CEO and co-founder, Onto. Last year Onto raised £45m in Series C funding, led…

Cellnex UK has announced the appointment of Alfonso Alvarez as managing director. Alvarez was previously the company’s deputy managing director. He replaces David Crawford, who will be taking up a CEO role with an organisation outside of the sector. Alfonso Alvarez, managing director, Cellnex UK, commented, “I am looking forward to my new role within our company very much, and we will build on the great work that we have achieved with David over the last few years. “Cellnex UK has an innovative approach to business, and 2023 brings us huge opportunities to work with our customers and partners to…

According to Canalys’ latest cybersecurity forecasts, global cybersecurity spending will increase by 13.2 per cent in 2023 and remain a key growth sector for channel partners. Canalys projected total spending in 2023 to hit US$223.8bn in the best-case scenario, with growth in the delivery of cybersecurity services outpacing product shipments. Persistent heightened threat levels will keep cybersecurity investment a high priority for organisations, but not all planned projects will be signed off as budget holders are under pressure to scrutinise spending, Canalys predicted. The analyst said that spending among governments and enterprises will rise, but investment by smaller businesses will…

Hybrid cloud and communications specialist, Node4 has appointed Hannah Birch as managing director digital and group board member. Birch will lead Node4’s digital business. She will look to strengthen the company’s strategic relationship with Microsoft and work to further integrate Node4’s recent acquisitions: risual, TNP and Tisski. Prior to joining Node4, Birch spent 11 years at Accenture where she led the company’s UK technology business for insurance and was a member of the technology leadership team for the UK and Ireland. Birch started her career at BP and later held leadership positions at Fujitsu Services UK and Computacenter. READ ALSO:Intercity…

Leading Birmingham-based technology business, Intercity Technology, is pleased to announce the appointment of David Owen as Group Innovation and Product Director, Neil Rampe as Managing Director of the Communications Division, and Mark Leadbeater as Director of Consultancy. Since joining the organisation in 2020, David has been responsible for growing the Communications division, delivering year-on-year business growth during a time of significant market disruption, and bringing innovation across connectivity, IoT, collaboration, and digital transformation. In his newly created role, David will take on increased responsibility for product and innovation across all divisions, in line with Intercity’s strategy to provide innovative solutions…