Bill Gates, co-chair of the Bill & Melinda Gates Foundation said Artificial intelligence (AI) will be used in designing malaria drugs. Gates who spoke while delivering his opening address at an event in Lagos State, ‘Advancing Africa: Unleashing the Power of Youth in Science and Innovation, said malaria is a great example where there is …
A new report by McKinsey has shown that generative artificial intelligence (AI) could add the equivalent of $2.6 trillion to $4.4 trillion every year. But this would mostly go to developed countries that have already mapped their positions in the AI market. African countries are expected to largely receive very little from the investment. According …
Open Capital, an African-focused consulting and financial advisory firm, aiding businesses, investors, development partners, and the public sector in strategic planning and successful execution has appointed Nathalie Gogue-Ebo as a new partner. Nathalie, alongside Annie Roberts, Andreas Zeller, and Neil Wood, becomes the fourth Partner at Open Capital, responsible for overseeing the mission, impact, and …
Sunil Bharti Mittal, chairman of Bharti Airtel Limited Sunil Bharti Mittal, chairman of Bharti Airtel Limited has backed President Bola Tinubu’s action to address the challenges of foreign exchange by floating the Naira, allowing market forces to determine the exchange rate. The chairman who made this statement during his visit to the president at the …
Nigeria’s 5G market now has two of the biggest operators in terms of valuation pushing for a slice. Airtel which emerged as the sole bidder and winner of the December 2022 auction of 3.5GHz spectrum license, went commercial on Monday. Airtel joins MTN which already has 5G footprints in 13 cities across the country. Mafab, …
Shelter4Digital(S4G), an initiative of the Africa Digital Economy Forum (ADEF), a digital transformation advocacy platform, is set to drive and deepen digital inclusion in Africa among people with special needs. The S4G campaign began with a visit to public schools with special needs units, where teachers were trained in basic programming languages. Thereafter, the students …
The Nigerian Data Protection Bill (NDPB) was officially signed into Law by President Bola Tinubu on Monday, 12 June 2023. This was disclosed in a statement signed by Babatunde Bamigboye, head, of legal enforcement and regulations at the Nigeria Data Protection Bureau. However, the bill proposed earlier by ex-president Muhammadu Buhari provides a legal framework …
Tezza Academy, a Nigerian-based IT academy founded in 2020, has commenced a three-month free residency training on IT skills to empower young Nigerians. According to the academy, the training program will not only ensure job creation but also play a pivotal role in making Nigeria a global exporter of human capital. The academy said it …
Airtel Airtel Nigeria, a telecommunication provider it will be launching its fifth-generation (5G) mobile network on Monday. The launch is expected to boost competition in the Nigerian telecoms market. The operator will also attract new customers and improve its market share. According to the latest Nigeria Communication Commission(NCC) data, the company controls 27.01 percent of …
Eze, a wholesale marketplace for used and new electronics, has raised $3.7 million in seed funding that will be utilised to develop and enhance its technology infrastructure, expand its product offerings, and facilitate expansion into new markets across Africa, Europe, and South America. The funding round was led by Right Side Capital Management, with participation …