From Lagos to Nairobi

Nigeria’s financial sector is experiencing a significant wave of growth and transformation as smaller banks begin engaging in merger discussions, driven by recent regulatory changes and economic pressures. This shift follows the Central Bank of Nigeria’s (CBN) announcement to raise the minimum capital requirements for commercial banks, a move aimed at strengthening the banking industry…

The digital transformation of Africa holds immense promise, but its success hinges on three foundational pillars: scaling digital infrastructure and services, securing digital ecosystems, and engaging all stakeholders to build trust and inclusion. These elements are essential to unlocking Africa’s economic potential, fostering innovation, and ensuring that the benefits of digitalization reach everyone, particularly underserved…

South African government agencies are increasingly turning to artificial intelligence (AI) and other emerging technologies to improve efficiency, service delivery, and decision-making. Facing growing pressure to modernize operations and respond to citizens’ needs more effectively, various departments and public sector bodies are investing in digital transformation strategies. A key driver of this shift is the…

Nigerian researchers have showcased a range of market-ready prototypes and innovative inventions aimed at addressing key national challenges and boosting the country’s technological and economic development. The exhibition, which took place during a recent science and technology fair organized by the National Office for Technology Acquisition and Promotion (NOTAP), featured innovations from research institutions, universities,…

Nigeria’s ambitious goal of attracting $5 billion in startup funding annually by 2027 appears increasingly uncertain due to prevailing economic challenges. This target, set by the Federal Government as part of its strategic push to position Nigeria as Africa’s leading startup hub, now faces headwinds from macroeconomic instability, inflation, currency depreciation, and reduced investor confidence….

Google has unveiled the ninth cohort of its Google for Startups Accelerator: Africa program, with Nigerian, Kenyan, and Rwandan startups taking the lead in the AI-focused class. The program, which spans 10 weeks, aims to support startups across the continent that are leveraging artificial intelligence (AI) and machine learning (ML) to solve local and global…