Technology

African Development Bank showcases impact of Korean drone technology on agricultural productivity

African Development Bank showcases impact of Korean drone technology on agricultural productivity

Africa, Technology, TECHNOLOGY
  Drone technology is being used to collect and analyse data, and monitor irrigated areas, combat pests At a special event highlighting the partnership between the African Development Bank (www.AfDB.org) and Korea held on the sidelines of the Bank’s Annual Meetings, the role of drone technology to boost food productivity in Africa, was on full display. A pilot project, underway in Tunisia, is designed to reduce food imports. Drone technology is being used to collect and analyse data, and monitor irrigated areas, combat pests. The Bank launched the project, in cooperation with the Busan Metropolitan City in Korea with support from the Korea-Africa Cooperation fund (KOAFEC). The session in Malabo included Korea’s ambassador to Equatorial Guinea H.E Kwak Ji Hwan, Korean technical experts
Experts advocate technology as better tool to boost customer experience

Experts advocate technology as better tool to boost customer experience

Tech, Technology, TECHNOLOGY
Facility management experts have advocated the need to deploy emerging innovative technologies as better tools to boost customer experience and improve business relationships. They argued that finding innovative ways to improve customer relationship was integral to the success of businesses, noting that businesses in Nigeria still face challenges in their approach to customer feedback, especially as the country parades the largest population in Africa. Executive Director, Eliezer Workplace Management, David Korede, speaking at a news conference in Lagos, said customer service in Nigeria, which was the most-talked about concept a couple of years ago, led to better customer relationship. According to him, such approach worked for those businesses across all sectors, but the devi...
Uber, MasterCard, Visa and other big companies have reportedly signed on to Facebook’s blockchain efforts (FB)

Uber, MasterCard, Visa and other big companies have reportedly signed on to Facebook’s blockchain efforts (FB)

Technology, TECHNOLOGY
It sounds like Facebook has persuaded a suite of heavyweight companies to get involved in its secretive blockchain project. The Wall Street Journal is reporting that the Silicon Valley technology giant has enlisted a number of high-profile firms including Uber, MasterCard , Stripe , Visa , and Booking.com to support its new cryptocurrency. For the last year or so, a team of dozens of Facebook employees have been working on applications for blockchain, the buzzy technology that underpins digital currency bitcoin and other cryptocurrencies, to figure out how Facebook could utilize it. According to multiple reports, the company has been creating its own digital currency, and intends to officially announce it next week. Uber, Stripe, and the others are reportedly investing $10 m...
Equatorial Guinea Implements the International Monetary Fund’s Enhanced General Data Dissemination System

Equatorial Guinea Implements the International Monetary Fund’s Enhanced General Data Dissemination System

Tech, Technology, TECHNOLOGY, Telecommunication
Making this information easily accessible in both human and machine-readable formats will allow all users to have simultaneous access to timely data and will bring greater data transparency Equatorial Guinea has implemented the recommendations of the IMF’s Enhanced General Data Dissemination System (e-GDDS) by publishing critical data through the National Summary Data Page (NSDP). The page aims to serve as a one-stop publication vehicle for essential macroeconomic data on the national accounts, government operations and debt, monetary and financial sector, and the balance of payments. These data will be disseminated in both human and machine-readable formats. The e-GDDS was established by the IMF’s Executive Board in May 2015 to support improved data transparency, encourage statisti
CoinCola – Person-to-Person (P2P) Bitcoin platform now in Nigeria

CoinCola – Person-to-Person (P2P) Bitcoin platform now in Nigeria

Technology, TECHNOLOGY
Though based in Hong Kong, Coincola aims to provide trustworthy trading and exchange services to all its users all around the world with Africa being a key place of interest Blockchain Technology is rapidly growing in different continents and many more people beginning to see the importance and relevance of cryptocurrency and blockchain technology in their different fields of life. Nations and companies are gradually adopting cryptocurrency in exchange for goods and services instead of fiat. However, the African continent seems to be lagging behind in the adoption of this upcoming technology resulting from the lack of political will to accept the risk of innovation (in Blockchain technology and cryptocurrency). This can further be perceived in the reluctance to adopt the use of cryptocu...
MainOne to commit N25billion to digitisation of Lagos

MainOne to commit N25billion to digitisation of Lagos

Innovation, News, Technology
MainOne launches its “Digital Lagos: Broadband for All” campaign initiative to enable the digital transformation   West Africa’s leading connectivity and data centre solutions provider, MainOne (www.MainOne.net) launches its “Digital Lagos: Broadband for All” campaign initiative to enable the digital transformation of Lagos state through deployment of ubiquitous broadband infrastructure across the state. MainOne’s ambitions for Lagos is inspired by the vision of Lagos Governor-elect Babajide Sanwo-Olu, who noted presciently that “Technology will improve the rule of law, education, ease of doing business and government processes of Lagos”. At the campaign launch organized in Lagos to announce its plans on Tuesday, Funke Opeke, Chief Executive Officer, MainOne, said, the c
Nigerian fintech startup, I-invest generates approximately ₦2 billion in 6 months

Nigerian fintech startup, I-invest generates approximately ₦2 billion in 6 months

Technology
Africa’s first treasury bills investment app, I-invest, has generated about 2 Billion Naira worth of investments from its active users in less than 6 months. The Nigerian company, Parthian Partners, developed the investment app which does not only facilitate investment in treasury bills but also helps to foster a savings culture, has said that it has doubled its one year target in less than 6 months. Speaking from their Ikoyi Office, Oluseye Olusoga, the CEO of Parthian Partners, said “We are happy that we were able to make this much of an impact at such a short time. This helps us solidify our goal of playing our part in building Nigeria’s economy. The more people invest with the app, the bigger the money market becomes.  This he believes is a step in the right direction although It wi
Heritage Bank debuts HB Lab for Tech Startups to boost economic growth

Heritage Bank debuts HB Lab for Tech Startups to boost economic growth

Corporate Reports, Technology
Heritage Bank Plc, Nigeria’s most innovative banking service provider, is set to adopt a focused approach that removes barriers and galvanizes the critical sector of the economy with the launching of its innovation accelerator programme tagged, “HB LAB”. The maiden edition of HB LAB is a 12-week program, expected to provide technology startups with the enabling environment, resources, and support required to innovate and accelerate impactful solutions with the potential to radically improve financial Inclusion/Intermediation, agriculture and other related problems affecting critical sectors of the economy.   Speaking on the HB LAB, the MD/CEO of the bank, Ifie Sekibo explained that in Nigeria, technology startups still account for a relatively small share of all businesses, but the
Space Science capabilities earn South Africa global recognition

Space Science capabilities earn South Africa global recognition

Technology
South Africa’s international reputation has also been enhanced, with the country now seen as a leading player in the space science sector South Africa has won an extraordinary victory in space science, with the South African National Space Agency (SANSA) being selected by the International Civil Aviation Organisation (ICAO) to become the designated regional provider of space weather information to the entire aviation sector using African airspace. This means that every aircraft flying in the continent's airspace will rely on SANSA for the space weather information it needs to submit as part of its flight plan. Space weather, which can influence the performance and reliability of aviation and other technological systems, is caused by the Sun, the nature of the Earth's magnetic field an
FG Establishes 42 Technology Transfer Centres

FG Establishes 42 Technology Transfer Centres

Economy, Inside, News, Technology
The Federal Government has established 42 technology transfer centres in order to encourage market-oriented researches across the country, the Minister of Science and Technology, Dr Ogbonnnaya Onu, has said. Onu said this at the commemoration of the African Day for Technology and Intellectual Property in Abuja on Thursday. According to the minister, the technology transfer centres, established through the National Office for Technology Acquisition and Promotion, is a recognition that research should be driven by the needs of the industry rather than a mere academic pursuit. The African Day for Technology and Intellectual Property, commemorated on September 13 of every year, aims to encourage nations on the continent to arouse the innovative spirit of Africans in order to facilitate h...