Zoom, the videoconferencing giant that grew rapidly during the pandemic, said Tuesday that it was laying off 15% of its workforce, or about 1,300 employees, according to a report in the Seattletimes. Zoom becomes the latest tech company to cut back amid looming concerns about the economy. Eric Yuan, Zoom’s CEO, cited the company’s rapid hiring during the pandemic as well as “the uncertainty of the global economy” as factors in the company’s decision to cut labour costs. “We worked tirelessly and made Zoom better for our customers and users,” he wrote in a blog post on the company’s website.…
Author: DigitalTimesNG
The Director General, National Information Technology Development Agency (NITDA), Kashifu Inuwa has reiterated that the administration of President Muhammadu Buhari remains committed to providing all the needed support to enable the growth and development of a thriving and globally competitive tech and innovation ecosystem. Inuwa who was represented by Babajide Ajayi, the Director of the Zonal Offices Directorate (ZOD) of the agency, said this at the recently concluded e-Government Hackathon organised by Ilorin Innovation Hub in Collaboration with the Kwara State Government. The Hackathon was held to discover solutions to real-life problems that can transform governance and public sector operations…
As part of efforts to foster the implementation of the digital literacy and skills pillar of the Strategic Roadmap and Action Plan (SRAP 2021-2024), the National Information Technology Development Agency (NITDA), Tuesday conducted a virtual inauguration of the Government Stakeholders Engagement Committee for the Development of the National Digital Skills Strategy (NDSS). The Director General, Kashifu Inuwa, speaking at the event recognised that collaborating with key government stakeholders to develop the NDSS will eminently assist in producing a very strong and encompassing strategy. The NDSS inaugural engagement committee comprised representatives from relevant Ministries, Departments, and Agencies (MDAs), saddled with the…
“People who end up being first don’t actually set out to be first, they set out to do something they love,” thus, creating a lasting legacy for themselves.
The Nigeria-based agritech continues its winning streak after emerging as overall winners of the Visa Everywhere Initiative
The Nigerian Communications Commission (NCC) has been commended for its efficient regulatory processes that have given verve to the realisation of full digital economy in the country. The Commission received the commendation at the opening of the AfricaNext show at the Landmark Event Centre in Lagos, on Monday. Chief Executive Officer of CashToken Africa, Mr. Lai Labode, said the manner with which the Commission understands and supports the emergence of companies that have critical roles to play in actualising the dreams of the digital economy, promises that Nigeria will make the desired impact in the future of the country’s Information…
Bloomberg is reporting that the Kenyan government has dropped charges of financial impropriety against Flutterwave Inc. This comes about seven months after the High Court froze the company’s money held in different bank accounts over allegations of money laundering. The money included KSh5.3 billion held at Guaranty Trust Bank (GTB), Sh1.4 billion at Equity bank, and other millions at Ecobank. In August 2021, a further Sh400.6 million belonging to the company held at UBA, one account at Access Bank and 19 M-Pesa Paybill numbers were also frozen. The Asset Recovery Agency (ARA) had obtained orders to freeze the accounts, saying…
A veteran of the payments technology sector, Olaseni Alabede has joined Global Technology Partners (GTP), an MFS Africa company, as Chief Technology Officer (CTO). Acquired by MFS Africa in June 2022, the US-based GTP is the largest processor of prepaid cards in Africa, with more than 80 banks – including UBA, Ecobank, BIA, Stanbic, Coris, NSIA and Zenith Bank – using its platform. Prior to joining the GTP executive team, Alabede was the Vice President of Product Development in MasterCard’s Installments business. In this New York-based role, he was responsible for the design and development of Buy-Now-Pay-later products on the…
PC manufacturing giant, Dell has announced its plan to lay off approximately 6,650 employees due to the decline in the demand for personal computers. About 5% of the company’s global workforce is predicted to be impacted by the job losses, according to media reports Monday afternoon. Jeff Clarke, Dell’s co-chief operating officer, stated in a media report, that the business is dealing with challenging market circumstances and an unclear future. The persistent difficulties facing the personal computer sector are to blame for the layoffs. Clarke stated in the staff message, “We’ve survived economic downturns before, and we’ve come out stronger.…
The Nigerian government and its Nigerien counterpart have signed a bilateral agreement in Abuja for coordination of frequency utilisation along their borders to ensure seamless deployment of services within the two countries. The agreement signing ceremony was one of the highlights of the two-day Digital Economy Regional Conference, hosted by the Nigerian government and facilitated by the Federal Ministry of Communications and Digital Economy, which ended at the Transcorp Hilton Abuja. Prof. Isa Ali Ibrahim Pantami, Nigeria’s Minister of Communications and Digital Economy signed on behalf of Nigeria, while his Nigerien counterpart, the Minister of Post and New Information Technologies,…