Category Archives: Business

23Sep/22

Project Liberty To Help Launch Frances Haugen’s “Duty of Care” Initiative Aimed at Combating Social Media Harms

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Today Project Liberty announced a collaboration with Frances Haugen’s “Beyond The Screen” nonprofit to advance a new, open-source effort aimed at holding social networking platforms accountable for harmful practices and reducing social media’s negative impacts. This “Duty of Care” initiative will pool expertise from nonprofit leaders, academics, litigators, and technologists who study the harms created and exacerbated by social media, and also work to identify best practices and deter harmful activities and outcomes. Continue reading

23Sep/22

‘Africa’s Foremost Crypto Artist’ Osinachi Announces African Creator Accelerator Program on MakersPlace

Finance, ,

Osinachi, the self-taught Nigerian digital artist, establishes his own accelerator program on MakersPlace, the premier marketplace for rare and authentic digital fine art, to onboard African creators and establish an enriched community in the NFT art world. Artists of all levels currently residing in Africa are eligible to be accepted into the program, and if selected, their artwork will be featured in an online exhibit on MakersPlace that will be announced on November 3, timed to coincide with the opening of Art X Lagos. Six accelerator winners, curated by Osinachi, will also be invited to exhibit two additional artworks at the SCOPE art show during Art Week Miami in December. Continue reading

18Sep/22

Artemis Aerospace: top five events that changed the aviation industry forever

Transport,

The long and illustrious history of the aviation industry has been fraught with many trials and tribulations over the years that have tested businesses to their limits and served as a catalyst for change. Here, component supply specialist Artemis Aerospace looks at the events that had a significant impact on the sector and how they have changed aviation forever. Continue reading

16Sep/22

As ether adopts energy-saving ‘merge’, will bitcoin follow?

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  • No. 2 cryptocurrency to adopt energy-saving protocol
  • ‘The merge’ could cut ethereum’s power use by 99%
  • Move seen piling climate pressure on bitcoin

By Avi Asher-Schapiro

LOS ANGELES, Sept 12 (Thomson Reuters Foundation) – Ethereum, the blockchain underpinning the world’s second-largest crypto token ether, is poised for a software upgrade that will slash the amount of energy it uses – a step that could pile pressure on bitcoin to take similar climate-friendly action. Continue reading →

12Sep/22

Janngo Capital Startup Fund, Africa’s largest gender equal tech VC fund, reaches the first close of its €60 million new fund

Finance,

At the eve of the 77th Session of the UN General Assembly (UNGA), Janngo Capital Startup Fund (JCSF) has announced its first close at EUR34 million (approximately US$36 million) in capital commitments. Launched in Davos in 2020, Janngo Capital’s latest fund will invest 50% of its proceeds in companies founded, co-founded, or benefiting women. Backed by global financial institutions as well as leading private corporations, the fund management company plans to invest EUR60 million (approximately US$63 million) in startups leveraging technology to leapfrog development and achieve SDGs in Africa. Continue reading

03Sep/22

Online reviews are broken – here’s how to fix them

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Vasilis Katos, Bournemouth University

It’s a crime story fit for the digital era. It was recently reported that a number of restaurants in New York had been targeted by internet scammers threatening to leave unfavourable “one-star” reviews unless they received gift certificates. The same threats were made to eateries in Chicago and San Francisco and it appears that a vegan restaurant received as many as eight one-star reviews in the space of a week before being approached for money.

Continue reading →

02Sep/22

Flutterwave Secures Switching and Processing License, Nigeria’s Highest Payments Processing License

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Flutterwave, Africa’s leading payments technology company has been granted a Switching and Processing License by the Central Bank of Nigeria (CBN)—widely regarded as CBN’s most valuable payments processing license. This license allows Flutterwave to offer transaction switching and card processing services to customers. Others include non-bank acquiring, agency banking and payment gateway services. Continue reading

01Sep/22

South African tech entrepreneurs tackle digital divide in townships

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  • Tech education taken to South Africa’s townships
  • WiFi access and apps could boost informal economy
  • But technology alone is not the answer, experts warn

By Kim Harrisberg

JOHANNESBURG, Sept 1 (Thomson Reuters Foundation) – Moss Marakalala was 11 when he first used a laptop at an after-school programme in Johannesburg, sparking an interest in technology that inspired him to provide young people like himself from South African townships with digital education. Continue reading →

01Sep/22

IMF Executive Board Approves New Extended Credit Facility (ECF) Arrangement for Zambia

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August 31, 2022

 




The IMF Board approves SDR 978.2 million (about US$1.3 billion) 38-month ECF arrangement for Zambia to help restore macroeconomic stability and foster higher, more resilient, and more inclusive growth. Continue reading →