Home Blog Page 9

Somalia Signs Satellite Technology Deal with China at NewSpace Africa Conference

0

Somalia has signed a new agreement with China to expand the use of satellite technology in national development, marking a step forward in its growing interest in space and data systems.

The agreement was signed during the NewSpace Africa Conference 2026 held in Libreville. It brings together Somalia’s Department of Space and Satellite, which operates under the Ministry of Communications and Technology, and the Land Satellite Remote Sensing Application Center.

The deal was formalised by Mohamed Abubakar Ismail and Yu Dequan. It focuses on using satellite images to improve decision-making and support innovation in Somalia.

Officials said the partnership will encourage closer technical cooperation, knowledge sharing, and wider use of satellite tools. These technologies are expected to support areas such as urban planning, environmental monitoring, and infrastructure development.

The move reflects Somalia’s growing involvement in international space activities. The government is looking to use science and technology to support economic growth and long-term development.

Although Somalia’s space sector is still at an early stage, officials believe partnerships like this are important. They say such collaborations will help build local expertise and introduce advanced tools into government systems and public services.

Botswana Launches $64 Million Tech Fund to Drive Digital Growth in Southern Africa

0

Botswana Tech Fund has unveiled a new investment programme targeting $64 million, aimed at supporting technology startups and accelerating digital growth across Southern Africa.

The fund is designed to build on Botswana’s stable economy, strong governance, and high internet usage, which is estimated at about 80 percent. It also looks beyond the country’s borders to the wider Southern African Development Community, a group of 16 countries with a combined population of more than 370 million people.

The initiative brings together venture capital firms and private investors. Launch Africa Ventures will act as investment adviser during the first phase, while Pula Investments will serve as the main anchor investor. The leadership team includes Martin Davis, former chief executive of Molten Ventures, and Florence Bavanandan.

The fund will be rolled out in two stages. In the first phase, about $6.4 million will be invested. This includes around $1.3 million set aside for very early-stage startups, as well as funding for two to four more established companies. Over time, the fund aims to reach its full $64 million target, providing capital to businesses at different stages of growth.

Fund managers say the region is at a turning point in its digital development but still lacks enough funding, especially for technology infrastructure and software-based solutions. The new fund is expected to help close this gap by supporting companies that can scale across borders.

Botswana’s reputation for stable governance is seen as a key advantage, making it an attractive base for structured investment. The goal is to use this position to support startups not just locally, but across the wider Southern African region.

To improve access to opportunities and support startups, the fund has also partnered with the Botswana Innovation Hub. This collaboration will give funded companies access to facilities, resources, and a network to help them grow.

The launch of the Botswana Tech Fund reflects a broader effort to strengthen the region’s digital economy, support entrepreneurs, and create businesses that can compete on a larger African and global stage.

Visa Launches Intelligent Commerce Connect to Enable AI-Powered Payments

Visa Inc. has introduced a new platform called Intelligent Commerce Connect, designed to support AI-driven payments and improve how businesses and consumers complete transactions.

The platform aims to make digital payments smarter by using artificial intelligence to process transactions more efficiently. It allows businesses to connect their systems directly to Visa’s network, helping them automate payment processes and reduce delays.

With Intelligent Commerce Connect, companies can use AI to analyse transaction data, detect patterns, and improve decision-making. This can help reduce errors, prevent fraud, and provide a smoother payment experience for users.

Visa said the new system is built to support a wide range of industries, including retail, e-commerce, and financial services. It is also designed to work with modern digital tools, making it easier for businesses to integrate payments into their existing platforms.

The launch reflects a broader shift in the payments industry, where companies are using AI to improve speed, security, and efficiency. As digital transactions continue to grow, businesses are looking for ways to handle payments in a more automated and intelligent way.

Experts say platforms like this can help companies scale faster by reducing manual work and improving accuracy. They also allow businesses to offer more personalised services based on customer behaviour and preferences.

With Intelligent Commerce Connect, Visa is positioning itself to support the next phase of digital payments, where artificial intelligence plays a central role in how money moves across systems.

Africa Tech Summit Returns on May 29 to Spotlight Innovation and Investment

0

The Africa Tech Summit is set to return on May 29, bringing together industry leaders, investors, and startups to discuss the future of technology across the continent.

The event will gather participants from different sectors, including fintech, climate tech, mobile technology, and digital infrastructure. It aims to create a space where businesses can share ideas, form partnerships, and explore new investment opportunities.

Organisers say the summit will feature panel discussions, networking sessions, and startup showcases. These activities are designed to help entrepreneurs connect with investors and gain visibility for their products and services.

The summit also provides a platform for conversations around key challenges and opportunities in Africa’s tech ecosystem. Topics are expected to include funding, innovation, digital transformation, and the role of technology in economic growth.

Investors attending the event will have the chance to meet promising startups and explore deals, while founders can present their ideas and learn from experienced industry experts.

Events like the Africa Tech Summit have become important for building connections within the tech community. They help bring together people who are shaping the future of technology in Africa and support the growth of the startup ecosystem.

With strong interest from both local and international participants, this year’s summit is expected to highlight new trends and opportunities in Africa’s fast-growing digital economy.

Orange Egypt and Paragon ADeer Launch AI Campus to Boost Egypt’s Tech Growth

0

Orange Egypt has partnered with Paragon ADeer to launch a new artificial intelligence campus at Sumou Boulevard, aimed at supporting Egypt’s growing technology sector.

The AI campus is designed to serve as a hub for innovation, training, and business development. It will bring together startups, technology experts, and students to work on AI-driven solutions and build new digital products.

Located within the Sumou Boulevard development, the campus will provide modern facilities, including workspaces, training centres, and areas for collaboration. The goal is to create an environment where talent can develop practical skills and companies can test and scale new ideas.

The project focuses on preparing young professionals for jobs in artificial intelligence and related fields. Through training programs and partnerships, it aims to close the skills gap and support the next generation of tech workers in Egypt.

In addition to education, the campus will support startups by giving them access to resources, mentorship, and potential investors. This is expected to help early-stage companies grow faster and contribute to the wider digital economy.

Officials involved in the project say the initiative aligns with Egypt’s broader plans to strengthen its position as a regional technology hub. By investing in AI and innovation, the country hopes to attract more businesses and create new opportunities for economic growth.

The collaboration between Orange Egypt and Paragon ADeer highlights the increasing role of partnerships between telecom companies and developers in building digital infrastructure.

With the launch of this AI campus, Egypt is taking another step toward developing a strong and skilled workforce ready to compete in the global technology landscape.

UniCloud Africa Partners with Open Access Data Centres to Expand Sovereign Cloud Services

0

UniCloud Africa has partnered with Open Access Data Centres to expand sovereign cloud services across the continent.

The partnership aims to give African businesses and governments better control over their data by keeping it stored and managed within local borders. This approach, known as sovereign cloud, is becoming more important as concerns grow around data privacy, security, and compliance with national laws.

By working together, the two companies plan to combine UniCloud Africa’s cloud technology with Open Access Data Centres’ physical infrastructure. This will allow them to deliver reliable and secure cloud services in multiple African countries, supporting organisations that need to store sensitive information locally.

The initiative is expected to benefit sectors such as finance, healthcare, and government, where strict data protection rules often apply. It will also help businesses that want faster access to data and reduced dependence on overseas servers.

Industry experts say demand for local cloud services is rising across Africa as digital transformation accelerates. Many organisations are looking for solutions that offer both global standards and local control.

The partnership also supports broader efforts to strengthen Africa’s digital economy. By investing in local infrastructure and services, companies can improve data security, create jobs, and support innovation within the continent.

With this move, UniCloud Africa and Open Access Data Centres aim to play a key role in building a stronger and more independent digital ecosystem for Africa.

Technology Now Decides Who Succeeds in Modern Trading

Technology has become the key factor that determines success in today’s trading environment, as businesses and traders rely more on digital tools to stay competitive.

According to a report by CIO Africa, companies that invest in modern trading systems are better positioned to respond to market changes, manage risks, and make faster decisions.

In the past, trading depended heavily on human judgment and manual processes. Today, digital platforms, data analytics, and automation tools are shaping how trades are executed. These systems allow traders to analyse large amounts of data in real time, helping them spot opportunities and avoid losses more effectively.

Speed has become a major advantage. Advanced technology enables trades to be completed in seconds, which is critical in markets where prices can change quickly. Businesses that still rely on slower, manual methods may struggle to keep up.

The use of artificial intelligence is also growing. AI tools can study patterns, predict trends, and support decision-making. This helps traders improve accuracy and reduce errors, especially in complex markets.

Security is another important factor. As trading becomes more digital, companies must protect their systems from cyber threats. Strong cybersecurity measures are now essential to maintain trust and prevent financial losses.

Experts say that access to the right technology is no longer optional. It is a basic requirement for survival in modern trading. Companies that fail to adapt risk falling behind competitors who are using smarter and faster systems.

Overall, the shift toward technology-driven trading is changing how markets operate, making efficiency, speed, and data analysis more important than ever.

Algeria Launches First AI and Cybersecurity Startup Cluster

Algeria has launched its first startup cluster focused on artificial intelligence and cybersecurity, as part of a wider plan to turn its strong pool of technical talent into real economic growth.

The new cluster is based at the Scientific and Technological Pole Chahid Abdelhafid-Ihaddaden in Sidi Abdellah. It was introduced under the joint supervision of three government officials: Kamel Baddari, Noureddine Ouadah, and Sid Ali Zerrouki.

The move signals a shift in how Algeria supports innovation. Instead of backing startups individually, the government is now building organised clusters that bring together universities, research centres, and businesses in one place. The goal is to help ideas move more quickly from research into real-world use.

The cluster is expected to close the long-standing gap between academic research and industry. It will support the development of solutions in areas such as healthcare, agriculture, energy, and digital services. Officials say the model could be expanded to other campuses across the country, with 2027 set as a target for broader rollout.

The hub itself was opened in 2024 by Abdelmadjid Tebboune. Covering 87 hectares, it includes four national schools specialising in mathematics, nanoscience, autonomous systems, and artificial intelligence. The site can accommodate up to 20,000 students, with housing for 11,000. It also includes the National School of Artificial Intelligence, which opened in 2021 and now plays a key role in the cluster.

Algeria currently has more than 7,800 registered startups, with a government target of reaching 20,000 by 2029. With youth unemployment close to 30 percent, officials are under pressure to create more opportunities in the digital economy.

The new AI and cybersecurity cluster is seen as a practical step towards that goal. By connecting students, researchers, and businesses, the initiative aims to turn academic knowledge into jobs, startups, and scalable technologies, helping to build a stronger and more competitive digital sector.

Four Nigerian Startups Join Google Accelerator’s 2026 Africa Cohort

0

Four Nigerian tech startups have been selected for the 10th cohort of the Google for Startups Accelerator Africa, marking a strong showing from the country’s growing digital ecosystem.

The selected companies – Bani, MasteryHive AI, Regxta, and Termii – were chosen from nearly 2,600 applications. They are part of a final group of 15 startups from across Africa, with an acceptance rate of less than one percent.

Google said the Nigerian startups are using artificial intelligence to tackle key challenges across the continent.

Bani is building a platform to simplify cross-border payments for African businesses by reducing delays in transactions. MasteryHive AI focuses on automating financial processes such as transaction reconciliation, fraud detection, and anti-money laundering checks. Regxta uses alternative data and a mix of digital and physical agent networks to provide financial services to small, underserved businesses. Termii offers communication tools that help ensure secure and reliable financial messaging, including login codes, payment alerts, and fraud notifications.

Google noted that African startups are increasingly addressing major infrastructure gaps in areas such as finance, healthcare, and supply chains using advanced technology. The company also highlighted that Africa’s venture capital ecosystem raised $3.9 billion in 2025, showing continued growth despite economic challenges.

However, Google said funding alone is not enough. Startups also need strong technical support, access to cloud infrastructure, and guidance from experienced mentors to scale their solutions effectively.

Gbolade Emmanuel said the programme is already helping his company improve its technology and expand globally. He explained that Termii is focused on ensuring financial transactions work smoothly, from login verification codes to payment alerts, and that early support from the accelerator has been valuable.

Folarin Aiyegbusi said the selected founders represent a new wave of innovation driving economic growth and social progress across the continent. He added that Google aims to support them with the tools and networks needed to grow their businesses and increase their impact.

The programme runs from April 13 to June 19, 2026, and combines virtual and in-person sessions. Participants will receive mentorship, technical training, and workshops focused on artificial intelligence and machine learning.

Since its launch in 2018, the Google for Startups Accelerator Africa has supported 106 startups from 17 countries. These companies have gone on to raise more than $263 million and create over 2,800 jobs.

12 Agritech Startups Reach AYuTe Rwanda 2026 Bootcamp Stage

The 2026 edition of the AYuTe Africa Challenge in Rwanda has selected 12 young agritech startups to move forward to an intensive training bootcamp, as part of the journey towards the competition’s grand finale.

Organised by Heifer International, the AYuTe programme, which stands for Agriculture, Youth and Technology, focuses on supporting young innovators using technology to solve problems faced by smallholder farmers.

This year’s competition attracted more than 1,200 applications from Rwandans aged between 18 and 35. After a detailed screening process, 12 startups were chosen based on the strength and potential of their ideas.

The bootcamp runs from April 20 to 24, 2026. During this five-day programme, participants will receive training to help them grow their businesses. This includes mentorship, business development support, financial planning, and opportunities to connect with industry experts and potential investors.

Verena Ruzibuka said the bootcamp is designed to prepare participants for the next stage of their journey. She explained that many young innovators have strong ideas but need support to turn them into scalable businesses.

Ruzibuka added that the initiative is not only about supporting individual startups but also about strengthening Rwanda’s wider agricultural system. She noted that youth-led innovation can help create jobs, improve farmers’ incomes, and build more stable food systems.

One of the selected participants, Abdu Usanase, said the opportunity marks an important step for his company. His firm provides farmers with guidance on seed selection, fertiliser use, pest control, and profit planning.

He said the bootcamp will give his team access to valuable knowledge, networks, and practical skills needed to improve their solution and expand their impact.

Throughout the programme, participants will take part in workshops focused on refining their business models, preparing for investors, and improving market strategies. At the end of the bootcamp, they will pitch their ideas to a panel of judges, with five finalists moving on to the grand finale.

This year’s competition offers a total prize of 65 million Rwandan francs, an increase from 50 million francs in 2025. The higher prize reflects growing support for young entrepreneurs working in agriculture.

The AYuTe Challenge aims to support businesses that can improve productivity, raise farmer incomes, and strengthen agricultural systems. Previous winners have used the platform to grow their companies, create jobs, and build partnerships across the country.

The 12 selected startups represent a new wave of innovators working to reshape Rwanda’s agriculture sector and support long-term, inclusive growth.