News & Reports Technology Telecom

Huawei Technologies Co Unveils Mate 50 Series’ Satellite Communication Phone …. Apple responds with iPhone 14

Huawei Technologies Co unveiled its much-anticipated Mate 50 series smartphones on Tuesday that support satellite communication, becoming the first smartphone maker to roll out such a feature in the consumer market. The gadgets, supported by China’s Beidou Satellite Navigation System, have an emergency mode that works independently of battery power and allows users to send …read more →

Banking and Finance News & Reports Technology

Nigeria’s Fintech Firm Flutterwave Raises $250 Mn Fresh Capital

Africa-focused fintech firm Flutterwave said on Wednesday it had raised $250 million in its single-biggest funding round to date, valuing the startup at more than $3 billion, as it targets mergers and acquisitions, and growing existing customer base. The latest funding round was led by investors including Facebook Inc co-founder Eduardo Saverin’s venture capital firm …read more →

AFRICAReports ENERGY Infrastructure News & Reports Technology

Green Hydrogen: The New Energy Frontier in Africa

The 2015 Paris Climate Agreement, which seeks to limit global increase in temperatures to less than 2°C this century, was signed by 195 countries, 33 of which are African. To achieve this ambitious target, significant carbon emission reductions and energy efficient systems are required. As part of the agreement, countries have set out a range …read more →

Infrastructure News & Reports Technology

FG Set to Assist ACEN in Infrastructure Development

The Minister of Science and Technology, Dr Ogbonnaya Onu, has said that FMSTI will work very closely with the Association of Consultant Engineers of Nigeria (ACEN) in areas of infrastructure and development for easy passage of goods and services in the country. Onu stated this when the Association for Consulting Engineering of Nigeria (ACEN) paid …read more →

Infrastructure News & Analysis News & Reports Security Infrastructure Technology WORLDReport

Northrop Grumman Offers Navy a Missile Defense System with Infinite Ammo

The Surface Electronic Warfare Improvement Program, “SEWIP” is a bland-sounding acronym for a U.S. Navy system that doesn’t often register on defense investors’ radar. But overlooking it could be a mistake. Over the past decade, Lockheed Martin has quietly built up a tidy franchise selling SEWIP Block 2 systems to the Navy for early detection of missile threats to U.S. warships. …read more →

AFRICAReports Banking and Finance Economy Infrastructure Infrastructure Financing News & Reports Technology Telecom

With National Policy on 5G, ABSA Sees Opportunity for Economic Growth in Nigeria

Given the success recorded last December in the auction of the two slots in the 3.5GHz spectrum, in preparation for 5G technology rollout in Nigeria, coupled with the commitment of the federal government on 5G rollout this month, Absa, a leading pan-African Corporate and Investment Bank has said it is fully aligned with government’s aspiration …read more →

AFRICAReports Infrastructure News & Reports Technology Telecom

‘Africa Needs Smarter Investment in Digital Infrastructure’

Infrastructure is widely accepted as a fundamental limitation to growth in Africa. Governments in the region struggle to meet the basic needs of residents, including access to food, education, health, and livelihoods, much less invest in critical, reusable infrastructure that could provide long-term solutions to social problems. Philanthropy alone will not lead to the sustainable …read more →

Technology Telecom

Technical Glitches Hit Nigerian Identity Database, Disrupt Access to NIN Verification

Nigeria identity database suffered a glitch, which has disrupted transactions across the board nationwide with thousands of telecommunication subscribers seeking to retrieve their lost Subscriber Identity Module cards or acquire new lines temporarily have been left stranded. Also, people who want to renew their international passports, or obtain fresh one have been unable to do …read more →

Infrastructure News & Reports Technology Telecom

Underdeveloped Broadband Infrastructure Hampering Nigeria’s Digital Economy – W’Bank

The World Bank says Nigeria’s digital economy plan is being continually hampered by an underdeveloped fixed broadband infrastructure. The global bank disclosed this in its ‘Nigeria Development Update: Time for Business Unusual’ report. According to the bank, Nigeria’s digital economy can transform economic activities and improve government efficiency. The World Bank said, “Nigeria’s digital economy can …read more →