Nigerian fintech startup Moniepoint announced the launch of MonieWorld, a platform that offers immigrants various financial services, starting with remittances to Nigeria. The new financial product allows users to return money to Nigeria, beginning with the UK. “With MonieWorld, Nigerians in the UK can send money home in seconds directly into any Nigerian bank account. With remittances to Nigeria crossing $20B in 2023, we see this as an opportunity to support economic growth in Nigeria, while bringing families closer,” the company said in a blog post. Customers will be able
The Distributed AI Research (DAIR) Institute is calling on social media companies to address the spread of violent speech and warmongering on their platforms to stop a looming war between Eritrea and Ethiopia. Researchers at the institute have spent three years analyzing social media platforms’ role in exacerbating the 2020-2022 Tigray war and believe similar failures are happening again. “We performed computational analyses to quantify the level of hate speech on these platforms, and interviewed content moderators to better understand the organizational practices that have resulted in the platforms’ failures
Elon Musk’s satellite internet service Starlink has received a 10-year license to operate in Lesotho. The Lesotho Communications Authority (LCA) announced the approval on Monday, April 14, 2025, as Techpoint stated. Starlink will be Lesotho’s first satellite internet provider operating in the country, highlighting progress in expanding the nation’s digital transformation agenda, according to Space In Africa. “The approval of this operating licence clears the path for the Authority to finalise the terms and conditions under which Starlink Lesotho will provide satellite internet services to individuals and businesses across Lesotho.
Meta, the parent company of Facebook and Instagram, is facing a $2.4 billion lawsuit over allegations that its platform contributed to ethnic violence in Ethiopia. A Kenyan high court has ruled that the case, brought by two Ethiopian nationals and a Kenyan NGO, can proceed. Hateful content contributing to real-word harm The lawsuit was filed by two Ethopians, Abrham Meareg and Fisseha Tekle, and The Katiba Institute, a Kenya-based NGO. They argue that Facebook’s algorithms amplified hate speech and inciteful content, fueling violence during the country’s civil war. They claim
On Thursday, March 27, South Africa launched the first phase of a smart city development in Shongweni, outside Durban. The development, which is called Westown, is expected to attract around R15 billion ($822 million) in private-sector investment over the next 10 to 15 years and produce over 23,000 jobs. The initial phase is part of a wider project that includes, includes retail, housing, and healthcare facilities, according to Mybroadband. Transforming the development trajectory of the region Themba Masimula, senior project manager from the eThekwini Municipality’s Catalytic Projects Uni, told Mybroadband
The Nigerian fintech Payhippo, which previously provided SME loans, has rebranded to RIVY and raised $4 million in a pre-Series A funding round to focus on increasing clean energy financing in the continent. The funding was split between $2 million equity and $2 million debt. The seed round was co-led by EchoVC, a Nigerian venture capital (VC) firm through its $2.5 million Eco fund, which focuses on climate, energy, agriculture, and mobility solutions, and Shell’s All On, a climate-focused impact investment organization. Local debt providers supplied the debt. “Renewable energy is
Nigeria is preparing to set up a $40 million fund to back early-stage technology startups, strengthening its support for entrepreneurs who have typically relied on private investors. Semafor reported that the Japan International Cooperation Agency, the Japanese government’s overseas development assistance arm, is investing half of the fund. The remainder will be matched by the Nigeria Sovereign Investment Authority (NSIA), as Kashifu Inuwa Abdullahi, head of the National Information Technology Development Agency (NITDA), stated. $40 Million Fund to support startups in Nigeria The fund is part of Nigeria’s broader commitment
Cassava Technologies, founded by Zimbabwean telecommunications mogul Strive Masiyiwa, is working with Nvidia to create Africa’s first artificial intelligence factory. The Pan-African company will install Nvidia’s modern computing and AI software at its data centers in South Africa by June 2025. It will do the same in other facilities in Egypt, Kenya, and Morocco. “Our AI factory provides the infrastructure for this innovation to scale, empowering African businesses, start-ups and researchers with access to cutting-edge AI infrastructure to turn their bold ideas into real-world breakthroughs and now they don’t have to look beyond
Mukuru, a pan-African digital payments company, is preparing to expand its strategy across the continent as the rise of online transactions grows. The company currently serves 17 million users in Africa, Asia, and Europe, refining over $3.5 to $4 billion in payments annually across Africa, as stated by TechPoint. “Customers have become more comfortable using digital means, network, and infrastructure,” Chief Executive Officer Andy Jury told Bloomberg. What does Mukuru do? Mukuru Ltd. is a digital payments platform founded in 2004 by Zimbabwean entrepreneur Rob Burrell. It started as a
The National Human Rights Commission (NHRC) of Nigeria has announced new plans to collaborate with technology companies to reduce potential harm from AI. NHRC’s Executive Secretary, Tony Ojukwu SAN, spoke about the duality of AI at a recent webinar hosted by the International Network for Corporate Social Responsibility (IN-CSR) and the National Information Technology Development Agency (NITDA). Nairametrics reported that Ojukwu, the leader of Nigeria’s human rights agency, said, “the NHRC will leverage tech companies to protect Nigerians from harm and discrimination associated with AI usage.” Working with tech companies
