The Federal Competition and Consumer Protection Commission (FCCPC) has assured Nigerian consumers that their rights will be safeguarded during the upcoming phase-out of Unistar prepaid meters by Ikeja Electric Plc and other electricity distribution companies (DisCos). The transition, scheduled to take effect on November 14, 2024, has raised concerns about replacement costs and the potential…
Minister of Power, Chief Adebayo Adelabu has summoned the leadership of the Nigeria Electricity Regulatory Commission (NERC) and the Transmission company of Nigeria (TCN) to an emergency meeting over persistent collapse of the national grid. Aelabu expressed displeasure at the incident, which he said, was capable of rubbishing the giant strides made in the last…
Africa’s payment solutions provider, SeerBit, has sealed a strategic partnership deal with Sabre, a global leader in software and technology solutions powering the travel industry, to ensure seamless payment. This collaboration will provide Sabre’s clients with access to SeerBit’s powerful payment infrastructure, delivering seamless, secure, and efficient payment processing for transactions and other value-added services…
Founder and Chair, Mo Ibrahim Foundation, Mo Ibrahim, has identified escalating conflicts and deepening mistrust in democratic institutions and values as threats to African progress in economic and social development, as well as the advancements which the continent is yet to achieve. He made the comments in his reaction to the release of 2024 Ibrahim…
EMERGING technology trends in the digital space will enable emerging markets, especially in Africa, to bypass the old systems and adopt digital infrastructure at a speed faster than that of well-established markets, CEO of Trium Limited, Adebayo Adewolu, has said. Adewolu spoke while giving key insights at the 2024 International Capital Markets Association (ICMA) FinTech…
A fintech company, Pipe has partnered GoCardless to redefine capital access for United Kingdom (UK) businesses. While Pipe partners with software platforms to deliver embedded financial solutions for small and medium enterprises (SMEs), GoCardless is a bank payment company. Under the partnership, Pipe’s customer-friendly capital offering will be accessible via the GoCardless platform, providing simple…
HEALTH tech start-up, Tennr, has secured $37 million in funding to grow its research team, expand sales and marketing efforts to help more providers. Tennr‘s suite of specialized machine learning models are helping to read, parse, and respond to the multitude of complex, messy documents healthcare practices send one another. Tennr has scaled quickly in…
AFRICA’s richest oil giant, Nigeria, has suffered some 105 power grid collapses over the last 10 years with no solution to end the recurring decimal in sight, according to industry body, the Lagos Chamber of Commerce and Industry (LCCI). After a series of reforms in the power sector that led to the sale of the…
A COMPANY, Socket, has secured a $40million funding round to tackle the rising tide of supply chain security attacks. With over 90 per cent of modern applications built on open source, security has become more critical than ever. Traditional Software Composition Analysis (SCA) tools are struggling to keep up with ever rising attacks. Socket safeguards…
