Africa has always been a cradle of creativity and innovation. In recent years, there has been a pronounced rise in inventive enterprises that challenge the status quo and transform various industries. From groundbreaking tech startups to sustainable agricultural endeavours, Africa is fast establishing itself as a hub for visionary entrepreneurial ventures. Over the years, this rich continent has consistently showcased its capacity for pioneering innovations and transformative solutions. The recent upsurge in dynamic ventures, transcending traditional boundaries, highlights Africa’s role as a formidable catalyst for progressive business initiatives. These avant-garde corporations are not merely altering the commercial environment but also…
Author: DigitalTimesNG
The recent webinar themed “Driving content growth in West Africa”, hosted by the Amsterdam Internet Exchange (AMS-IX) and MDXi, an Equinix company, highlighted their collaborative efforts in driving content growth in West Africa through the newly established Internet Exchange, AMS-IX Lagos. Keynote speaker, Wouter Ensing, VP, Business Development Manager, AMS-IX, emphasized the importance of establishing a robust connectivity framework to unlock content growth, aggregate demand, and provide wide-reaching access to consumers. Wouter acknowledged that while some content providers have already deployed locally in West Africa, particularly in Nigeria, the significant lack of content within the region results in cost inefficiencies,…
Wema Bank, Nigeria’s leading innovative bank, has partnered with the Federal Government of Nigeria to establish digital and skill innovation hubs across states in the country, aiming to empower one million youths with digital and other relevant skills. Known as FGN/ALAT Digital and SkillNovation Hub, the agreement for the initiative was sealed during a meeting between representatives of the bank and Vice President Kashim Shettima in Abuja, aligning with President Bola Tinubu’s administration’s commitment to creating more digital jobs for young Nigerians. Over the years, Wema Bank has pioneered digital transformation within the banking industry, committed to fostering a culture…
By Christian OFOEFULE In this new age of ChatGPT, we have seen the capabilities of large language models and how they have taken centre stage, showcasing their remarkable potential with minimal effort. In this article, we are going to see how to build a simple application that enables us to chat with our documents. The document can be in PDF or text format. We are going to use some important libraries like Langchain and learn the concepts of vector embeddings and why they are important both for cost savings and reading large files. The Foundation: Understanding Embeddings and Vector Databases…
Nine Nigerian ladies are among 20 female-founded tech startups selected for the fourth edition of The Future is Female Mentorship Programme, a PR and communications mentorship programme dedicated exclusively to African female tech founders. The 9 Nigerian female tech founders on the list are Al Hassan Keita, Founder of EtioneraPay – an escrow payment gateway built for online and e-commerce user, processing payment and enabling payment for users; Jennifer Echenim, Founder of Bloccpay – a crypto-powered payroll solution for global businesses and talents; and Gold Sylvester, Founder of Traddify – a global remittance platform that allows individuals and businesses to…
Prembly, a leading compliance and security infrastructure company has announced its acquisition of secure data-sharing company, Tunnel. Prembly said this acquisition enhances its suite of security solutions and expands its financial services capabilities, providing reliable identity verification through the integration of comprehensive financial data. Tunnel, on the other hand, has established itself as a trusted partner in the credit and identity industry by connecting lenders to high-quality data and sustainable technology. Its pioneering fintech product, PhoneCash, also helps customers send money as quickly as possible. The integration of Tunnel’s services provides businesses with a powerful tool to scale, enabling access…
Africa Mobile Networks (AMN) has entered into a commercial agreement to use Starlink, SpaceX’s constellation of low Earth orbit satellites, to connect base stations of AMN’s mobile network to high-speed, low-latency services, to serve even the most remote and rural communities in the world. AMN said it is committed to its vision of a fully connected world, where no community of significant size is deprived of telecommunications services for the social, educational, and economic benefit of the population. AMN has made significant progress towards this vision, with telecommunications services now accessible to more than 10 million people in nearly 4,000…
The group has been observed targeting dozens of organizations worldwide Security researchers at Microsoft have issued a warning over a Russia-linked hacker group that has targeted dozens of organizations in a sophisticated phishing campaign leveraging Microsoft Teams. Detailed in an advisory on Wednesday, researchers uncovered a series of “highly targeted social engineering attacks” that used credential theft phishing lures sent as Microsoft Teams chat messages. The group, which Microsoft said is linked to Russian intelligence services, was identified as ‘Midnight Blizzard’, previously known as Nobelium. The group’s activities can be traced back as early as 2018, the firm said. Microsoft…
The National Information Technology Development Agency (NITDA), through its Computer Emergency Readiness and Response Team, has detected and warned of activities of a hacktivist group targeting vital digital infrastructure. NITDA said on Wednesday in a statement that the hacktivist group, known for its politically and religiously motivated cyber campaigns, poses a significant risk to the country’s critical information infrastructure. “Their tactics include targeted attacks on government digital services, using various attack types, particularly DDoS attacks, and they have a track record of successful attacks in various countries,” NITDA stated. NITDA has consequently alerted the general public to be wary of…
The Director General, National Information Technology Development Agency (NITDA) Kashifu Inuwa, has insisted that digital innovation is ushering better lives to Africans and improving the continent’s digital economy. Inuwa, represented by National Coordinator, Office for Nigerian Digital Innovation (ONDI), Yakubu Musa said this at the e-Tech Africa Summit in Abuja. He stated that digital innovation is about using technology to “improve the way we do things which have led to the increased efficiency in the provision of cutting-edge solutions, goods, and services at a relatively cost-effective price.” The DG asserted that digital innovation can improve the government’s openness, accountability, and…