November 2, 2024
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Category: Technology

Madica backs Nigerian clear power startup Earthbond with $200,000
Technology

Madica backs Nigerian clear power startup Earthbond with $200,000

Earthbond, a Nigerian startup that connects small businesses that want to buy solar solutions to solution providers, has raised a $200,000 pre-seed funding from Madica, an Africa-focused early-stage investment firm. This funding will help Earthbond…

Equinix finalizes MainOne integration, staff get new contracts and pay bump
Technology

Equinix finalizes MainOne integration, staff get new contracts and pay bump

Equinix, the world’s largest global data center and colocation provider, has completed the post-acquisition integration of Nigeria’s MainOne following a $320 million acquisition in 2022. Post-merger integrations combine and rearrange two entities’ assets, resources, and…

Would you belief AI to mediate an argument?
Technology

Would you belief AI to mediate an argument?

This story initially appeared in The Algorithm, our weekly publication on AI. To get tales like this in your inbox first, join right here. I’ve just lately been feeling heartbroken. A really shut buddy just…

Ethiopia bars diaspora and international traders from first-ever IPO
Technology

Ethiopia bars diaspora and international traders from first-ever IPO

Ethiopia has excluded diaspora citizens and foreign nationals from its initial public offering (IPO) for Ethio Telecom, a state-owned telco with a 95% market share. The country’s first-ever bourse, the Ethiopian Securities Exchange (ESX), is…

How refrigeration ruined contemporary meals
Technology

How refrigeration ruined contemporary meals

Before you purchase orange juice, it in all probability waited, for so long as two years, in a two-story, stainless-steel tank stuffed with 265,000 gallons of viscous brown slush. It’s orange juice, however with its…

IHS secures $439m mortgage to refinance debt and help growth
Technology

IHS secures $439m mortgage to refinance debt and help growth

IHS Towers, Africa’s largest telecom tower company, has secured a new $439 million loan to manage currency risks and support its operations across multiple regions. Almost half of the loan is in South African Rand,…

OmniRetail acquires fee supplier Traction to boost monetary options
Technology

OmniRetail acquires fee supplier Traction to boost monetary options

OmniRetail, a Nigerian-based B2B e-commerce startup recognised as the Financial Times’ fastest-growing African company, has acquired Traction Apps, a payment provider and inventory management solution for small businesses in Nigeria. This move aims to boost…

SASSA November fee dates and modalities for 2024
Technology

SASSA November fee dates and modalities for 2024

The South African Social Security Agency (SASSA) payment schedule for November 2024 is now available to beneficiaries. Do you receive any form of SASSA grant? It’s essential to take note of the SASSA October payment…

GTBank will increase employees salaries by 40% however nonetheless has the bottom personnel value amongst Tier-1 banks
Technology

GTBank will increase employees salaries by 40% however nonetheless has the bottom personnel value amongst Tier-1 banks

GTBank, Nigeria’s most cost-efficient commercial bank, quietly raised staff salaries by 40% in September 2024, responding to the ongoing cost of living crisis, four GTBank employees told TechCabal. “There was no prior communication before the…

New 2024 recruitment on the Nigeria FIRS and utility particulars 
Technology

New 2024 recruitment on the Nigeria FIRS and utility particulars 

The Federal Inland Revenue Service (FIRS) is opening its doors once again, providing an opportunity for young professionals across Nigeria. This news was made available via the official X handle of the tax body on…

Investing in AI to construct next-generation infrastructure
Technology

Investing in AI to construct next-generation infrastructure

The demand for brand spanking new and improved infrastructure internationally shouldn’t be being met. The Asian Growth Financial institution has estimated that in Asia alone, roughly $1.7 trillion must be invested yearly via to 2030…

These corporations are creating meals out of skinny air
Technology

These corporations are creating meals out of skinny air

Dried cells—it’s what’s for dinner. At the very least that’s what a brand new crop of biotech startups, armed with carbon-guzzling micro organism and loads of capital, are hoping to persuade us. Their claims sound…