Facebook has announced the launch of Instagram Lite to Sub-Saharan Africa, a new, lightweight version of the Instagram app for Android that uses fewer data and works well across all network conditions. The new version of Instagram Lite for Android is less than 2MB in size, making it fast to install and quick to load. It also has improved speed, performance, and responsiveness. Instagram Lite not only works similarly to the Instagram app for Android, but it allows the Instagram experience to remain fast and reliable for more people, no matter what device, platform and network they use. Engineering Manager…
Author: DigitalTimesNG
The African Development Bank has launched and priced a $2.5 billion 5-year Global Benchmark bond due 23 March 2026, its first $ benchmark of the year. The new transaction represents AfDB’s largest 5-year $ Global Benchmark ever issued, as well as its largest orderbook achieved for a 5-year benchmark transaction. With the final orderbook closing in excess of $3.6 billion (excluding Joint Lead Managers (JLM) interest), and 72 investors participating, the success of this 5-year transaction is a clear vote of confidence from investors in AfDB’s AAA credit. Global asset managers and bank treasuries were key contributors to the strong…
Fund seeks to support entrepreneurs using renewable energy to start or diversify existing businesses
The Rise Fund, the impact investing arm of TPG, is to invest $200 million in Airtel Africa’s mobile money business, at a $2.65 billion valuation. Operating under the Airtel Money brand, the services are targeted at the large unbanked market across 14 African countries and include mobile wallet deposit and withdrawals, merchant and commercial payments, benefits transfers, loans and savings, virtual credit card and international money transfers. The company currently counts 21 million users for its suite of mobile payment services, generating revenue of $110 million in the most recent quarter, and underlying Ebitda of $54 million. Raghunath Mandava, CEO…
By Andrew BOURNE Technology silos are one of the most common barriers that organisations come across in their digital transformation journeys. Tech silos mainly crop up at a juncture when various departments within the organisation use disparate software applications that not only differ in form, look, and feel but also struggle to integrate contextually. When business-critical apps do not communicate with each other seamlessly, organisations are left battling information silos, disjointed processes, and half-baked analytics. Investing in digital tools built on the same technology stack Business owners and tech leaders who are intent on avoiding silos in their firm’s digital…
…set to transform SME business transactions
Goel is to focus on expanding Gokada across Nigeria and beyond
• QR codes will see their chunk of the mobile payment market shrink as new alternatives gain traction
● As the ‘uber-for-buses’ startup in Nigeria launches city-to-city bus travel service.
Director-General of the National Information Technology Development Agency (NITDA) Mallam Kashifu Inuwa Abdullahi has assured that victims of sexual abuse in Nigeria through ICT will have the opportunity of presenting their cases without fear of stigmatization. Abdullahi gave this assurance Tuesday while receiving the CEO of Shamrock Innovation Hub, a women and youth-centric tech innovation hub that developed HELPIO, an android based application used in reporting sexual abuse. The support came as a directive of the Honourable Minister of Communications and Digital Economy, Dr Isa Ali Ibrahim (Pantami), that the National Information Technology Development Agency (NITDA) liaise with the young…