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Liquid Intelligent Technologies joins hands with Africa Legal in an ed-tech partnership to drive professional growth in Africa through Liquid Labs

Liquid Intelligent Technologies joins hands with Africa Legal in an ed-tech partnership to drive professional growth in Africa through Liquid Labs

Business, Corporate Stories, Economy, Technology
Liquid Telecom Picture © Gareth Davies 07774899744 Capture Comms Ltd Captruecommsltd@gmail.com Leading pan-African technology group Liquid Intelligent Technologies (www.Liquid.Tech), through its innovation and partnerships arm Liquid Labs, is launching three online courses on legal technology, targeted at supporting career development amongst students, budding entrepreneurs, and lawyers. This has been possible through a partnership with Africa Legal, an organisation that connects legal professionals across the African continent. Liquid Labs aspires to make relevant tech training programmes accessible to students and professionals to bridge the affordability and digital divide, the main deterrents to increased access. The courses will offer targeted training for lawyers and the busi...
Property technology to disrupt Africa’s real estate sector – Analysts

Property technology to disrupt Africa’s real estate sector – Analysts

Business, Technology
Africa’s Property Technology (Proptech) sector is ramping up and is a key component of future strategies for local REITs, operators and others looking to future proof their real estate businesses as well as VCs looking to invest in early stage startups and opportunities according to the founder of the Africa Proptech Forum, Kfir Rusin. “Covid-19 accelerated the growth of technology in real estate management on the continent with smart building and sustainable technology being the most broadly adopted innovations to date,” says Rusin. Evidence of this ramp up and uptake in African real estate for Rusin includes: Spleet, a leading Nigerian Proptech start-up’s inclusion into the NYC-based Metaprop accelerator; increasing fund allocation to property technology by VC’s such as Kalon Vent...
Liquid Intelligent Technologies creates direct access to USA internet resources via a new POP connection to Miami

Liquid Intelligent Technologies creates direct access to USA internet resources via a new POP connection to Miami

Business, Innovation, Technology
African businesses and consumers will now be able to benefit from a direct connection to the USA as Liquid Intelligent Technologies (www.Liquid.Tech) opens an Internet Point of Presence in Miami, connecting to the Liquid network via a South Atlantic subsea cable. As part of Liquid’s East-West route between the US and Asia via Africa, the new POP is connected to their 100,000km of fibre across 11 countries on the continent and another 14 countries via the Operators Alliance Programme and Liquid Satellite Services. This results in customers being able to leverage a better connection to the US, giving them access to Cloud services, OTT resources, Internet content and high-quality voice and video calls with family and business partners. Speaking about the impact, David Eurin, Chief Exec...
Empowering young Africa girls through technology

Empowering young Africa girls through technology

Business, Innovation, Technology
African girl coders are taking the lead in ensuring gender equity and balance in technology on the continent, a field majorly dominated by their male counterparts. Through Connected African Girls Coding Camp initiative, a joint programme of the UN Economic Commission for Africa (ECA) in collaboration with UN Women and the International Telecommunication Union (ITU), young girls are applying their coding skills that include Animation, Gaming, Turtles stitch, artificial intelligence, robotics and internet of things they acquire through the program training.  The initiative has held training camps for African girls from across the continent in Ethiopia and Cameroon. The aim is to bridge the 23% digital divide between men and women on the continent. Theresa John, 21, a universit...
29% of corporate users in Kenya experienced financial malware attacks in the first half of 2021

29% of corporate users in Kenya experienced financial malware attacks in the first half of 2021

Business, Corporate Stories, Technology, Technology & Innovation
Although Kaspersky’s (https://africa.Kaspersky.com) research shows that the overall number of financial malware attacks in Kenya has decreased in the first half of 2021, when compared to the same period in 2020, 29.3% of the 7 962 attacks recorded in the country targeted corporate users, which is a cause for concern, warn Kaspersky experts. “As local businesses have continued to adjust to remote work scenarios and the rest of the circumstances surrounding the COVID-19 pandemic, we have continued to witness cybercriminals using this to their advantage, exploiting the situation however they can. When looking at such statistics, we believe it is evident that cybercriminals are more commonly targeting unsuspecting corporate users in Kenya as a way to compromise corporate systems,” says Bet...
NDIC tackles rising fintech-induced risks in financial sector

NDIC tackles rising fintech-induced risks in financial sector

Business, Corporate Stories, Insurance, Technology
Nigeria Deposit Insurance Corporation (NDIC) has stated that it is effectively collaborating with relevant stakeholders to manage risks arising from the growing adoption of financial technology (fintech) in the financial sector. At the 2021 retreat organised by the NDIC in Lagos, last week, Chairman of the board, Ronke Sokefun, said while banks are rapidly employing fintech to innovatively deliver financial products and services, the nature and scope of banking risk are significantly increasing with the adoption of fintech. According to her, development in fintech continues to open up new opportunities for the banking system, which creates additional risks. Represented by a member of the board of directors, Adewale Adeleke, she pointed out that risks had increased significant...
The Fourth Industrial Revolution: Fintech in Nigeria

The Fourth Industrial Revolution: Fintech in Nigeria

Innovation, Technology, Technology & Innovation
“The changes are so profound that, from the perspective of human history, there has never been a time of greater promise or potential peril.” – Klaus Schwab, Founder and Executive Chairman of the World Economic Forum. We are currently witnessing the new dawn of a universal technology revolution which is known as the” Fourth industrial revolution”. The Fourth Industrial Revolution or Industry 4.0 is the reformation of the traditional and industrial manufacturing practices involved with the latest technology. It is mainly used in Internet of Things (IoT) deployments and large-scale machine to machine communication (M2M) to enhance communication, increase automation, as well as diagnosing and analysing smart machines without human monitoring or involvement. According to Kl...
CBN issues new licence and capital requirements for FinTechs

CBN issues new licence and capital requirements for FinTechs

Economy, Technology, Technology & Innovation
The Central Bank of Nigeria (CBN) has published new license requirements for Payment System operators in the country. This disclosure is contained in a document released by the apex bank on Monday, May 24, 2021 stating the eligibility criteria for each licence category in the country. The categories listed include the Payment Terminal Service Provider (PTSP), Payment Solutions Service Provider (PSSP), Payment Solution Services (PSS), Super Agent Licence, Mobile Money Operator (MMO), Switch and Processing Licence. The new licence requirements make provisions for capitalization of each service category, documentation, application and licence fee and the licence validity. What this means: Potential applicants into Nigeria’s lucrative financial services sector will ...
Wema seeks reinvention, to compete with technology

Wema seeks reinvention, to compete with technology

Corporate Stories, Technology
Wema Bank Plc says it is breathing fresh air into its processes to invent itself as a financial powerhouse and regain any lost ground as it markets 76 years of unbroken operation. Founded in 1945, Wema is among Nigeria’s oldest surviving banks but has had to battle poor perception to remain attractive to the younger generation. But the Chief Finance Officer (CFO), Tunde Mabawonku, said the financial institution has done a lot of retooling in the past few years to change the old regional conservative lens through which some individuals see the bank. Speaking at a media engagement in Lagos, at the weekend, the CFO said the bank has achieved critical milestones required to compete for the fast-changing market and reinvent itself as a leading Nigeria’s financial service provider....
BoI to tackle youth unemployment with tech hubs

BoI to tackle youth unemployment with tech hubs

Growth & Insight, Technology
Worried about the high level of youth unemployment currently estimated at 33.3 per cent, the Bank of Industry (BoI) has announced plans to establish tech hubs to address the challenge. The bank stated it would be sponsoring tech hubs in recognition of the talented youths in universities and the need to channel youths to more productive and impactful initiatives rather than social vices. The Managing Director, BOI, Olukayode Pitan, stated this at the BOI-Unilag Incubation and Co-working Hub opening and commissioning in the University of Lagos. The BoI boss stated that remains committed to providing funding to support credible and bankable ideas that emerge from the tech hubs to enable them to start operations and scale into viable businesses. He said embracing technology an...