NCBA Group has signed a $ 50million facility with Proparco, a subsidiary of the AFD Group focused on private sector development. The funding will go towards delivering NCBA`s “Change The Story” sustainability agenda. NCBA has a long-standing relationship with AFD Group and continues to evolve its commitment to sustainability. In 2023, the group launched its Change The Story platform anchored on five strategic pillars and a set of fifteen bold commitments. Among these commitments relevant in the partnership includes mobilizing KES 30 billionof Green & Sustainable Financing, steering at least 30% of the general services procurement spend to women and youth plus promote…
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Brand Spot
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The increase in mobile money adoption and greater usage in terms of average transaction values has led to the growth of interoperability solutions being designed. Initially, it was market-led and driven by the need identified by mobile money service providers for customers in different mobile money wallet ecosystems to transact. However, in recent years, governments have been more proactive in driving interoperability. Recently, the Central Bank of Kenya (CBK) introduced new guidelines on Mobile Money interoperability. The guidelines are in line with the CBK’s National Payments Strategy 2022-2025 and shall ensure seamless mobile money interoperability. In the new guidelines, mobile money…
Check Point has announced insights from its Global Threat Index for February 2024, shedding light on the cybersecurity landscape across Africa, with a particular focus on South Africa. The report reveals a concerning surge in cyber threats targeting websites and key industries, underlining the critical need for heightened cybersecurity measures. The top three African industries targeted in February were utilities, manufacturing and consultancies respectively. FakeUpdates, also known as SocGholish, has been operational since at least 2017, and uses JavaScript malware to target websites, especially those with content management systems. Often ranked the most prevalent malware in the Threat Index, the…
Flapmax has announced the launch of its Women in AI (WAI) Generative AI Fellowship program as part of its FAI Institute initiative. The program aims to empower women in the field of artificial intelligence (AI) and drive innovation in AI research and development, inclusive of underserved communities in emerging markets like Africa. Applicants with interests in generative AI are invited to apply by April 8, 2024 to participate in the program’s 3rd cohort, starting May 2024. “At FAI Institute, our mission is to advance human potential through cutting-edge research, education, and training programs built for the workforce of the future,” said Dr.…
Imagine a remote that is small enough to fit anywhere but unleashes the power and experience that can only be anticipated for the future… Imagine a remote that uses no disposable batteries but harnesses the power of the sun to operate… Revolutionary, right? We are talking about Samsung’s SolarCell Remote – a device designed to revolutionize the way we interact with our electronic devices while minimizing our carbon footprint, hence pushing the world towards embracing green and making the world a better place. This remote does not use disposable batteries. Samsung Electronics developed this device to combat the environmental impact…
The Super Bowl is the final of the NFL season. Of course, you can place your bet 1xBet on all editions of this game too. Since it’s a final, you need a winner, meaning that in case things end in a tie, it is necessary to break it. To address that, the NFL has these overtime rules that make sure that there is always a winner. Unlike those regular-season games where, after a single 10-minute overtime after the 4 quarters, teams can just go home with a tie. It is possible to place your bet with 1xBet on everything that…
Vertiv has introduced a new tool for simplifying the configuration of prefabricated modular (PFM) data centres. This tool, Vertiv Modular Designer Lite , is available in Europe, Middle East and Africa (EMEA). It has a web-based interface that makes the process of designing Vertiv SmartMod and Vertiv SmartMod Max solutions. The Vertiv Modular Designer Lite has a number of features that help improve the customer experience. It addresses the challenges of early planning and provides a proposed solution based on customer inputs that can be helpful to a range of technical and non-technical stakeholders. Users can quickly design all-in-one data centres…
LogRhythm has announced the appointment of Joanne Wong as Interim Chief Marketing Officer. Wong brings a wealth of experience to her new role, proven over 9 years of driving successful marketing initiatives at LogRhythm. She will lead all aspects of LogRhythm’s global brand and marketing strategy, with a key focus on partnering with sales to grow pipelines, elevate brand visibility, and empower customer satisfaction. Wong will join the executive leadership team and report directly to Christopher O’Malley, President and CEO of LogRhythm. “Joanne’s strategic mindset and proven ability to deliver growth at scale will be critical assets to a revitalized…
Summary Liquid C2 has today announced collaborations with Google Cloud and artificial intelligence (AI) company Anthropic to deliver advanced cloud, cyber security solutions, and generative AI (gen AI) capabilities to African businesses across the continent. Building on the November 2023 signature of a Memorandum of Understanding (MOU) for a collaboration with Google Cloud in Africa, Liquid C2 is set to improve cyber security and cloud offerings across the continent while introducing them to Google Cloud’s latest AI, data, collaboration, and security solutions. Customers of Liquid C2 can expect heightened security measures, access to advanced cloud technologies, and a commitment to…
Summary EMURGO Africa, the investment and commercial arm of Cardano in Africa, today announced the launch of EMURGO Labs, a dedicated development entity for emerging Web3 technologies. EMURGO Labs is designed to support the growth of established and nascent Web2 and Web3 organizations. EMURGO Labs is set to spearhead the digital transformation across borders, leveraging the transformative power of the Cardano blockchain. EMURGO Labs will serve as the central hub for fostering the growth of both established and burgeoning Web2 and Web3 organizations throughout the region. By leveraging the unparalleled power and potential of the Cardano blockchain, EMURGO Labs aims…