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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Startups

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Science & Technology

Microsoft to invest $3.2 bn in AI in Sweden

    Microsoft said Monday it would invest 33.7 billion kronor ($3.2 billion) over two years in cloud and artificial intelligence infrastructure in Sweden, the US company said in a statement. The group will train 250,000 people by 2027 to boost AI knowledge and competence and also increase capacity at its three data centres in the country, the statement said, adding that the investment was Microsoft's biggest ever in Sweden. […]

todayJune 3, 2024 53

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Africa

Africa Tech Summit London Announces 15 Ventures for the 2024 Investment Showcase at London Stock Exchange on June 7th

      Africa Tech Summit (ATS) London will celebrate the eighth edition at the London Stock Exchange on June 7th, 2024, and is thrilled to announce the 15 tech ventures that will join the ATS Investment Showcase 2024. The ATS London Investment Showcase provides ventures with the opportunity to present their businesses to leading African tech investors, corporates, and industry stakeholders in attendance from Europe, USA and Africa. The […]

todayMay 13, 2024 13

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Africa

Local manufacturing of drones is on the rise in Africa

    By Bonface Orucho, bird story agency   Rising demand for unmanned aerial vehicles used in various commercial applications is fueling the growth of the local drone manufacturing industry as startups and governments ramp up production within the continent. Following South Africa's successful test flight of the Milkor 380, a groundbreaking unmanned aerial vehicle (UAV) capable of carrying up to 1300 kilograms among other unique capabilities, the landscape is […]

todayApril 11, 2024 21

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Africa

UNDP launches “timbuktoo” initiative in Davos to revolutionize Africa’s startup ecosystem

  In Davos, the United Nations Development Programme (UNDP) launched the "timbuktoo" initiative in collaboration with African countries. The initiative, unveiled during a special session at the 24th Annual Meeting of the World Economic Forum, aims to be the world's largest financing facility, uniting catalytic and commercial capital to bolster Africa's startup ecosystem. H.E. President Paul Kagame of Rwanda, H.E. President Nana Akufo-Addo of Ghana, the Secretary-General of the African […]

todayFebruary 21, 2024 158

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Africa

Nigerian E-payments eclipse South Africa’s 2022 GDP, in latest surge

When the Nigerian Central Bank introduced newly designed currency notes in November 2022 and a month later put a cap on the maximum amount of hard cash that individuals and corporations could withdraw, the idea was to tame money laundering in the country. During that year’s Christmas festive season and in the run-up to the 2023 Nigerian presidential election in February 2023 –– two high spending seasons –– the country […]

todayFebruary 15, 2024 14

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Uncategorized

Coalition talks underway in Pakistan

The Ministry of Industrialisation and Trade has postponed public consultations on three key legislation and policy documents to a later date. According to Elijah Mukubonda, the ministry's spokesperson, the stakeholder engagements will cover topics related to the National Informal Economy, Startups, and Entrepreneurship Development Policy.

todayFebruary 12, 2024 19

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Africa

Trucking innovation highlights Africa’s cold storage problem and opportunities

  By Bonface Orucho, via bird story agency   A new, sustainable method of generating electricity to refrigerate trucks has been introduced into the African cold storage market. As reported by Creamer Media’s Engineering News, Global logistics company DP World partnered with food and clothing retailer Woolworths to unveil a mobile refrigeration trailer in South Africa powered by AxlePower technology. According to Engineering News, the project's AxlePower technology “transforms ordinary […]

todayFebruary 9, 2024 19

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