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
Tech company Yango Group has launched Yango Venture, a corporate venture intended to support hopeful startups across sub-Saharan Africa, Latin America, the Middle East, North Africa, Afghanistan, and Pakistan, as stated by Gulf Business. The fund will target Series B investments in the online-to-offline (O2O), B2B software-as-a-service, and financial technology industries. Yango Group also hopes to grow its capital base as entrepreneurial environments expand in these promising markets. “With Yango Ventures, we are leveraging our expertise and network to support startups in scaling, thriving, and creating meaningful impact in their
Adeniyi Abiodun, co-founder and CPO at Mysten Labs, announced that he and his wife, Gloria, are launching a $1.3 million endowment fund to help upskill aspiring tech talent in Nigeria. “It’s a milestone we’ve dreamed of, and now it’s real,” he wrote on X. “By 2040, Africa is set to have half the world’s working-age population. To really unleash that power, young people need access to quality training and opportunities, especially in fast-growing fields like AI and blockchain,” he adds. Helping young Nigerians upskill Nigeria is currently experiencing a shortage
Kenyan logistics startup Leta has secured $5 million in seed funding to expand its AI-powered platform, which helps businesses move goods more efficiently across Africa, TechCrunch reports. The round was led by European venture capital firm Speedinvest, with backing from Google’s Africa Investment Fund and Africa-focused climate tech fund Equator. Streamling Logistics with AI Founded in 2021 by Nick Joshi, Leta is tackling Africa’s logistics challenges by streamlining supply chains, reducing inefficiencies, and helping businesses save time and money. Its platform integrates with businesses’ sales and ordering systems, pulling real-time data
The Nigerian parliament recently passed a resolution banning pornographic websites with immediate effect. The decision follows a motion presented by lawmaker Dalhatu Tafoki, who raised concerns about the accessibility of explicit content and its perceived impact on societal values, particularly among youth. Concerns over moral decline According to Peoples Gazette, Tafoki highlighted the psychological and social risks he believes are linked to exposure to pornography, citing global research by psychologists and sociologists. “Renowned psychologists and sociologists worldwide have issued strong warnings about the psychological, sociological, and mental consequences of consuming pornographic content,”
Elon Musk’s Starlink is facing significant backlash in Lesotho over local equity. A rights group called Section 2 wants Starlink to give 30% of its ownership to Basotho citizens before obtaining a license to operate, according to TechPoint. The group voiced its concerns to the Lesotho Communications Authority, stating that the licensing deal is unfair since there is no local ownership. They also highlighted that other telecom providers in Lesotho, like Econet and Vodacom, have local shareholders, so why should Starlink receive special treatment? Starlink faces similar issues in South
Mastercard Foundation, an international nongovernmental organization, has ended its commitment to invest $100 million in 54 Collective, the most active investor in Africa. 54 Collective (formerly Founders Factory Africa) and Mastercard Foundation “will be pursuing different strategies moving forward, and the partnership will end on 30 April 2025,” the venture capital firm told Rest of World in an email. A setback for Africa’s most active investor On February 20, the leadership team of 54 Collective informed staff that the new changes would lead to layoffs as the firm would end
On Friday, 7 March, South Africa rejected Elon Musk’s statement that his Starlink satellite company could not operate in the country because he is not Black. The country’s telecoms regulator shared that Starlink had not applied for a license, according to Reuters. The founder of Starlink, who was born and went to school in South Africa, wrote on X, “Starlink is not allowed to operate in South Africa, because I’m not black.” Senior official at the foreign affairs department Clayson Monyela responded, “Sir, that’s NOT true, and you know it!
