Africa Archives | Tech | Business | Economy https://techeconomy.ng/tag/africa/ Tech | Business | Economy Wed, 22 Apr 2026 17:05:15 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png Africa Archives | Tech | Business | Economy https://techeconomy.ng/tag/africa/ 32 32 OpenAI Appoints First Regional Chief for Europe, Middle East and Africa https://techeconomy.ng/openai-appoints-emmanuel-marill-first-emea-managing-director/ https://techeconomy.ng/openai-appoints-emmanuel-marill-first-emea-managing-director/#respond Wed, 22 Apr 2026 17:05:15 +0000 https://techeconomy.ng/?p=180347 OpenAI has named former Airbnb executive Emmanuel Marill as its first Managing Director for Europe, the Middle East and Africa

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OpenAI has named Emmanuel Marill as its first Managing Director for Europe, the Middle East and Africa, as the company expands across international markets.

Marill, joining from Airbnb, where he held a similar leadership role, will oversee operations across the region and will be based in Paris.

The appointment gives OpenAI a senior executive focused solely on a region where demand for its products is increasing, but where political and business issues about dependence on American technology are also growing.

Emmanuel Marill will report to Jason Kwon, chief strategy officer at OpenAI.

As demand for ChatGPT and Codex continues to grow rapidly all over the world, we are investing significantly in our international leadership and operations,” Kwon said in a statement.

OpenAI has been aiming to win more paying business customers as it faces the high cost of developing new artificial intelligence systems. Europe is an important market, although some officials and company leaders have urged stronger support for home-grown technology firms.

French startup Mistral AI has positioned itself as a European alternative to major US companies such as OpenAI.

At the same time, OpenAI is still reviewing parts of its infrastructure plans in the region. Earlier this month, the company paused its Stargate data centre project in the United Kingdom, citing regulation and energy costs.

Microsoft, one of OpenAI’s biggest backers, later agreed to rent data centre capacity in Norway that had originally been linked to the project. OpenAI said it is still exploring a separate computing agreement there.

Marill will also lead the company’s efforts in the Middle East, where OpenAI has invested heavily, especially in the United Arab Emirates.

Its partner in the country, G42, recently said plans for a large data centre project is still on track despite tensions linked to the US conflict with Iran.

OpenAI has also signed agreements with businesses in banking, pharmaceuticals and media across Europe. It has worked with governments in Germany, Greece and Ireland, while also planning to increase staff numbers in London.

The company said in February that business subscriptions across Europe, the Middle East and Africa had grown sevenfold over the previous year, though it did not disclose revenue for the region.

Globally, Chief Financial Officer Sarah Friar has said OpenAI’s annualised revenue exceeded $20 billion last year.

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APPLY to Google for Startups Accelerator Africa Cohort 10 https://techeconomy.ng/apply-to-google-for-startups-accelerator-africa-cohort-10/ https://techeconomy.ng/apply-to-google-for-startups-accelerator-africa-cohort-10/#respond Thu, 05 Feb 2026 12:54:27 +0000 https://techeconomy.ng/?p=175626 Google has announced the opening of applications for the 10th cohort of the Google for Startups Accelerator Africa. This milestone edition marks nearly a decade of support for the African tech ecosystem and reinforces Google’s commitment to accelerating AI-driven scientific and technological breakthroughs across the continent. The 12-week “AI First” hybrid program is designed for […]

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Google has announced the opening of applications for the 10th cohort of the Google for Startups Accelerator Africa.

This milestone edition marks nearly a decade of support for the African tech ecosystem and reinforces Google’s commitment to accelerating AI-driven scientific and technological breakthroughs across the continent.

The 12-week “AI First” hybrid program is designed for Series A startups based in Africa or building Africa-centric solutions with AI and machine learning.

Participants will benefit from access to Google’s AI expertise and technical resources, alongside mentorship from seasoned AI professionals and invaluable networking opportunities.

“Africa’s tech landscape is seeing a vibrant shift toward deep-tech innovation,” said Folarin Aiyegbusi, head of Startup Ecosystem, Africa. “For Class 10, we are focusing on the potential of AI to drive health and societal benefits, providing the infrastructure and expertise to turn these startups into the research labs of the continent.”

Since its inception in 2018, the Google for Startups Accelerator: Africa program has supported 180+ startups from 17 African countries.

Collectively, these startups have raised over $350 million in funding and created more than 3,700 direct job opportunities in the region.

Applications are open from today until March 18, 2026. Startups are invited to apply here.

Key program information:

  • Applications Open: February 5, 2026
  • Application Deadline: March 18, 2026
  • Program Start: April 2026
  • Program length: 12 weeks (hybrid)

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African Fintechs Raise $6.5bn in 10 Years as Banks, Telcos Unite https://techeconomy.ng/african-fintechs-raise-6-5bn-banks-telcos-collaboration/ https://techeconomy.ng/african-fintechs-raise-6-5bn-banks-telcos-collaboration/#respond Fri, 07 Nov 2025 12:43:23 +0000 https://techeconomy.ng/?p=170755 The research stresses that over one-third of all venture funding in Africa since 2014 has gone to fintech, now the continent’s most dynamic technology sector.

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Banks, fintech startups, and telecom operators are forging stronger alliances, and changing how millions across the continent access credit, payments, and digital financial services. 

According to the Banking on Innovation report by Briter Intelligence and Lateral Frontiers, fintech firms in Egypt, Kenya, and Nigeria collectively raised more than $6.5 billion in the last decade.

This shows a shift from rapid expansion to sustainable, partnership-driven growth.

The report found that Nigeria alone attracted over $3 billion, led by major payment startups such as Paystack, Flutterwave, and Moniepoint, while Kenya’s fintech ecosystem secured around $2 billion, largely in digital credit and asset finance. 

Egypt’s fintech sector, now the country’s most funded, amassed $1.68 billion, driven by players like Fawry, Khazna, Paymob, and MNT-Halan.

What stands out is how collaboration, rather than disruption, is now bolstering Africa’s financial inclusion. In Egypt, Banque Misr’s partnership with valU has expanded Buy Now, Pay Later (BNPL) services to underbanked groups, modernising consumer credit in a country where cash remains dominant. 

In Kenya, Citi’s alliance with Visa and Cellulant created Citi Optimised Pay, tackling a $25 billion SME financing gap by allowing small suppliers to access instant payments. And in Nigeria, Paystack’s integration with leading banks has enhanced merchant transactions, a success so notable that Stripe’s $200 million acquisition of Paystack became a model for fintech-bank synergy across the region.

Across these economies, central banks are taking a more active role. Egypt’s Digital Wallet Interoperability Regulation and the Meeza national payments network, Kenya’s Digital Credit Provider laws, and Nigeria’s Open Banking Framework (2023) reveal a coordinated regulatory initiative to encourage innovation while maintaining consumer protection. 

Samakab Hashi, partner at Lateral Frontiers, noted, “Policymakers are no longer passive observers. They are actively shaping the future, using sandboxes, tiered licensing, and data protection mandates to balance innovation with stability.”

The research stresses that over one-third of all venture funding in Africa since 2014 has gone to fintech, now the continent’s most dynamic technology sector. 

However, the focus is now changing direction. Rather than chasing payment volumes, investors and founders are turning toward credit infrastructure, embedded finance, and insurtech, sectors with deeper, long-term impact.

On challenges, the report warns that issues around data governance, regulatory inconsistency, and compliance costs threaten progress. 

Nigeria’s resolutions on unlicensed digital lenders and Egypt’s limits on data sharing have slowed expansion for some startups. Still, fintechs are adapting through strategic partnerships, early engagement with regulators, and a stronger focus on cybersecurity and user trust.

For founders, the report recommends building before licensing, forming smart alliances, and focusing on infrastructure rather than duplication. In Egypt, the opportunity lies in e-KYC and Banking-as-a-Service; in Kenya, agricultural and SME credit tools; in Nigeria, open banking-based embedded finance.

Even with global venture slowdowns, African fintechs are standing on resilience and reinvention. Egypt’s steady growth, Kenya’s ecosystem maturity, and Nigeria’s scale show that the continent’s financial sector must continually focus on collaboration among banks, telcos, and innovators working together to bridge access and trust.

Disruption and the ability to collaborate, adapt, and build inclusive systems that leave no one behind, are highly indispensable among African fintechs and others.

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Flutterwave Partners Payful to Simplify Global Trade Payments Across Africa https://techeconomy.ng/flutterwave-partners-payful-cross-border-payments-africa/ https://techeconomy.ng/flutterwave-partners-payful-cross-border-payments-africa/#respond Thu, 06 Nov 2025 12:17:01 +0000 https://techeconomy.ng/?p=170675 The collaboration enables Payful’s merchants to collect payments locally and settle globally through Flutterwave’s secure, multi-currency infrastructure, reducing regulatory and operational challenges for businesses expanding into African markets.

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Flutterwave has partnered with global payments company Payful to simplify high-value cross-border transactions across Africa. 

The collaboration allows Payful’s merchants to collect payments locally and settle globally, powered by Flutterwave’s multi-currency and compliant infrastructure.

According to Flutterwave’s Founder and CEO, Olugbenga Agboola, “When the time came for Payful, a leading global trade company to expand its reach into Africa, there was no better partner to power that growth than Flutterwave.”

“Through our Virtual Account solution and multi-currency platform, we enabled Payful to collect payments locally, settle globally, and scale seamlessly, all within one secure and compliant infrastructure.”

The deal makes Flutterwave the backbone for Payful’s African expansion, providing localised payment collection through virtual accounts and enabling faster, cheaper settlements for merchants trading across borders. 

The integration also removes the need for Payful to encounter multiple banking systems and regulatory requirements in each country.

Africa’s payment sector is fragmented, with issues such as high transaction costs, currency fluctuations, and regulatory complexity. 

Payful faced these challenges while seeking efficient ways to process large trade payments in local currencies like the naira and cedi, and settle in international currencies such as the dollar and euro. 

Flutterwave’s established infrastructure provides a simplified solution to these limitations, ensuring compliance, liquidity management, and operational efficiency.

Through a simple API integration, Flutterwave issues virtual accounts that allow Payful’s merchants to receive local payments via bank transfers, a more reliable method than card payments for large transactions. Funds are then settled globally through regulated channels, maintaining transparency and security.

Flutterwave said the collaboration aligns with its mission to support global enterprises looking to enter or scale within Africa. The company noted that its platform removes the burden of integrating multiple financial systems, handling foreign exchange risks, and meeting diverse regulatory demands.

Payful, which operates across multiple sectors globally, sees the African market as a key growth frontier. The company’s focus, it said, is to make payments for its African merchants as “seamless and reliable as they are everywhere else in the world.”

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Nigeria Becomes First West African Host of UN Digital Governance Conference ICEGOV https://techeconomy.ng/nigeria-to-host-un-digital-governance-conference-icegov-2025/ https://techeconomy.ng/nigeria-to-host-un-digital-governance-conference-icegov-2025/#comments Mon, 03 Nov 2025 13:04:52 +0000 https://techeconomy.ng/?p=170399 The four-day meeting, which begins on November 4 in Abuja, is expected to gather over 400 delegates from more than 50 countries, including government officials, academics, and industry leaders.

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Nigeria will this week host the United Nations’ flagship digital governance conference, ICEGOV 2025, the first time the global event will be held in West Africa. 

The four-day meeting, which begins on November 4 in Abuja, is expected to gather over 400 delegates from more than 50 countries, including government officials, academics, and industry leaders.

The International Conference on Theory and Practice of Electronic Governance (ICEGOV), organised by the United Nations University (UNU-EGOV) in partnership with the National Information Technology Development Agency (NITDA), is being held under the patronage of President Bola Ahmed Tinubu and the Federal Ministry of Communications, Innovation and Digital Economy. 

This year’s theme, “Shaping the Future of Digital Governance through Cooperation, Innovation and Inclusion,” highlights the growing influence of Africa’s largest economy in global technology policy and governance.

ICEGOV has been staged in major cities including Beijing, Athens, Bogota, and Galway. Abuja now joins that list, making it the first city in West Africa, and only the second in Africa, to host the conference since its inception in 2007.

NITDA’s Director-General, Kashifu Inuwa Abdullahi, described the event as a major endorsement of Nigeria’s leadership in digital transformation.

This moment affirms Nigeria’s place at the table of digital policy and innovation. Our guiding principle has always been to build digital systems that reflect our context, empower our people, and contribute to global progress. 

“Hosting ICEGOV 2025 allows us to exchange knowledge, celebrate innovation across regions, and work together toward a more inclusive and digitally sovereign future.”

Under Abdullahi’s leadership, NITDA has become central to Nigeria’s digital strategy, driving reforms in public administration, advancing local digital skills, and strengthening international partnerships. 

Earlier this year, the Agency co-hosted GITEX Nigeria, further strengthening the country’s standing as an emerging technology hub. ICEGOV 2025 builds on that, placing Abuja as a platform for dialogue on digital sovereignty, collaboration, and innovation in governance.

The programme will feature keynotes, panel sessions, and technical workshops covering digital inclusion, cybersecurity, data governance, and public-sector innovation. 

Researchers will also present academic papers and participate in a doctoral colloquium, while exhibitions will showcase new solutions shaping digital public services.

Ahead of the main conference, two key side events will take place. The West African Governance Forum (WADGoV), scheduled for 3–4 November, will bring together policymakers from across the region to discuss joint efforts on digital governance and cross-border cooperation. 

The African Peer Review Mechanism (APRM) session will focus on refining the E-Governance White Paper and strengthening indicators that guide digital transformation across the African Union.

With the world’s attention turning to Abuja this week, Nigeria’s part in enhancing Africa’s digital economy is coming into sharper focus, anchored on collaboration, innovation, and inclusion.

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Nigeria’s AI Vision Stumbles on Funding, Law Gaps as Africa’s Policy Divide Widens https://techeconomy.ng/nigerias-ai-vision-stumbles-on-funding-law-gaps-as-africas-policy-divide-widens/ https://techeconomy.ng/nigerias-ai-vision-stumbles-on-funding-law-gaps-as-africas-policy-divide-widens/#respond Mon, 03 Nov 2025 11:54:02 +0000 https://techeconomy.ng/?p=170379 According to the State of AI Policy in Africa 2025 report, authored by Mo Shehu and Gideon Onunwa, Nigeria scores 18 out of 24 on the AI Governance Maturity Index, placing it in the continent’s second tier. 

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Nigeria has become one of Africa’s biggest countries with a focus on artificial intelligence (AI). Its engineers are building local language models, universities are opening robotics labs, and global partners, from Google to the Gates Foundation, are investing in pilot projects. 

But a new report by Column reveals that despite this surge of activity, there are weaknesses that affect much of Africa’s AI policy space: great vision, but little follow-through.

According to the State of AI Policy in Africa 2025 report, authored by Mo Shehu and Gideon Onunwa, Nigeria scores 18 out of 24 on the AI Governance Maturity Index, placing it in the continent’s second tier. 

The country has innovation and global attention, but lacks a dedicated budget, enforceable law, or monitoring framework.

The findings show a clear divide between ambition and execution,” the authors write.

Promise Without Policy Backbone

Nigeria’s draft National Artificial Intelligence Strategy (2024) rests on five pillars: infrastructure, ecosystem, adoption, responsible AI, and governance. Oversight sits with the Federal Ministry of Communications, Innovation and Digital Economy and the National Centre for Artificial Intelligence & Robotics (NCAIR).

The document outlines a commendable national vision but, as the report notes, “lacks explicit budget lines or projections, relying on external partners.” 

In 2024, UNDP, UNESCO, Meta, Google, and Microsoft jointly provided $3.5 million in seed funding to jump-start implementation.

There is progress; the N-ATLAS model now supports Yoruba, Hausa, and Igbo; the AI Scaling Hub, a Gates Foundation partnership, is expanding use in health, education, and agriculture.

Still, “the strategy also has no binding legislation; it remains a policy rather than law.” 

It is this mixture of visible innovation and fragile governance that defines both Nigeria and the continent’s AI story.

A Continental Picture of Uneven Progress

Across 20 African countries, more than half have drafted or adopted national AI strategies. However, fewer than one in four have committed budgets, enforceable laws, or monitoring systems.

AI, the report argues, has become both a symbol of modernity and a test of governance capacity.

The AI Governance Maturity Index rates countries out of 24 points across four categories: policy design, implementation capacity, governance and accountability, and external engagement.

Rank Country Score / 24 Distinguishing Strength
1 Egypt 20 National AI Council; €1.8 bn data centre; $300 m semiconductor fund
1 Ethiopia 20 1.13 bn Birr ($7.7 m) budget; AI-powered Smart Court
3 Kenya 19 $1.1 bn AI budget; broad sector coverage
3 Mauritius 19 Rs 25 m Public AI Programme; tax incentives
3 South Africa 19 R 98.5 m for AI research; global leadership
6 Senegal 18 $46 m costed plan
6 Nigeria 18 Active ecosystem, local models, no funding law
6 Zambia 18 K 8 m (US $335 k) budget; $10 m private AI investment
9 Ghana 17 10-year roadmap; Google AI Centre
10 Rwanda 16 Host of Global AI Summit; strong institutions
10 Lesotho 16 Inclusive draft framework; ICT budget allocation
10 Algeria 16 $600 m venture studio for 1,000 start-ups
13 Côte d’Ivoire 15 2030 AI roadmap; National AI Agency planned

Below these leaders, Namibia, Botswana, and Zimbabwe remain in early drafting. 

A further 34 countries, including Chad, Sierra Leone, and Eswatini, have no AI policy at all.

Follow the Money

Funding exposes the depth of the gap. Kenya’s $1.1 billion allocation dwarfs Zambia’s U.S. $335,000 budget by more than 300 times.

Ethiopia increased its national AI budget by 42% in 2025. Egypt, the regional heavyweight, continues to pull foreign capital through a €1.8 billion hyperscale data centre and a $300 million semiconductor investment.

Yet most countries depend on donors.

Only a few governments have dedicated, multi-year AI budgets; most depend on donor support or general ICT allocations that are easily diverted,” the report cautions.

Where Law and Ethics Lag

Legal infrastructure is also far behind rhetoric. While 35 African nations now have data-protection statutes, almost none have AI-specific regulation. 

Egypt’s framework remains voluntary; Ethiopia’s ethics guidelines are not binding; South Africa’s draft bill awaits ratification. Nigeria, the authors note, operates on policy intent rather than legal force.

The result is what Column calls “ethics without accountability,” a moral vocabulary without enforcement.

The Transparency Deficit

Few governments publish metrics or progress reports. Egypt stands out for tracking outcomes through measurable key performance indicators. 

Elsewhere, “too many strategies are unpublished or inaccessible,” the report says, “reducing transparency and accountability.”

This opacity makes it hard for citizens, researchers, or investors to know whether AI spending yields tangible results.

Regional Contrasts

  • North Africa (Egypt, Algeria): strong institutions, industrial investment.
  • East Africa (Ethiopia, Kenya, Rwanda): innovation and experimentation.
  • West Africa (Nigeria, Ghana, Senegal, Côte d’Ivoire): numerous strategies, weak enforcement.
  • Southern Africa (South Africa, Zambia, Lesotho): policy structure, modest budgets.

The data reveal a continent moving at different speeds toward the same uncertain finish line.

Why It is Important 

AI is not only a technological issue but also a governance test. It could improve crop yields, detect disease, streamline justice systems, and expand financial inclusion.

However, as the authors warn, “Without strong governance, it can deepen inequality, embed bias, or be used for surveillance and censorship.”

With more than 60% of Africans under 25, the economic stakes are immense. Countries that craft and enforce sound AI policies will shape not just algorithms but their own development futures.

Countries that shape the technology also shape the rules,” the report reminds readers.

From Paper to Proof

To bridge the gap between ambition and delivery, the authors urge African governments to:

  1. Legislate AI frameworks rather than rely on non-binding strategies.
  2. Fund multi-year national programmes.
  3. Establish independent bodies for ethics and accountability.
  4. Publish monitoring data for public scrutiny.

Africa is not behind—it is early. The task now is to make ambition durable: to move from promise to proof.”

Nigeria as Mirror and Test Case

In many ways, Nigeria encapsulates Africa’s AI journey, a nation bursting with innovation, global partnerships, and youthful expertise, yet constrained by governance policy and finance. 

Its N-ATLAS language model and AI Scaling Hub demonstrate what is possible when local capacity meets global collaboration. But without statutory backing or sustainable funding, such progress risks fading into headlines rather than history.

As the State of AI Policy in Africa 2025 makes clear, the next frontier will not be who drafts the most visionary strategy, but who brings measurable, lawful, and lasting impact.

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QNET Wins Gold Stevie Award for Anti-Fraud Campaign Protecting Consumers Across Africa https://techeconomy.ng/qnet-gold-stevie-award-anti-fraud-campaign-africa/ https://techeconomy.ng/qnet-gold-stevie-award-anti-fraud-campaign-africa/#respond Mon, 06 Oct 2025 15:38:25 +0000 https://techeconomy.ng/?p=168801 The campaign was designed to tackle the misuse of QNET’s name by fraudsters posing as company agents.

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At the 22nd Annual International Business Awards (IBA), QNET, a global lifestyle and wellness brand, won a Gold Stevie Award for its QNET Against Scams campaign, which promotes consumer protection across Africa.

The campaign, launched in Ghana in 2024 and later expanded to Senegal and Sierra Leone, was designed to tackle the misuse of QNET’s name by fraudsters posing as company agents. 

It has now earned QNET three honours at the 2025 IBAs — a Gold Stevie Award for “Rebuilding Trust Through Crisis Communication and Public Education in Ghana” under the Brand/Reputation Management category, a Silver Stevie Award in the Public Service category, and a Bronze Stevie Award for its flagship event, V-Africa 2025, recognised under Corporate & Community – Community Engagement Event.

Through the QNET Against Scams campaign, the company sought to restore public trust by clarifying its direct selling business model and educating the public on how to spot fraud. 

The initiative combined radio and television messaging, social media engagement, billboard placements, and even creative street activations such as roller-skating teams that captured attention in major cities.

The campaign’s success was also rooted in its partnerships with key law enforcement and regulatory agencies, including Ghana’s Economic and Organised Crime Office (EOCO), the Ghana Police Service, the Ghana Immigration Service, and Nigeria’s Economic and Financial Crimes Commission (EFCC). Together, these institutions worked to curb fraudulent activities and promote financial awareness.

Beyond public education, QNET introduced a Scam Alert portal, designed to help consumers verify company information, identify fraudulent claims, and report suspicious activity. The initiative was amplified through extensive media coverage, compliance programmes, and grassroots events that connected with tens of thousands of people across communities.

The company’s drive for transparency comes as global figures have become more alarming. According to the 2024 Global State of Scams report by the Global Anti-Scam Alliance (GASA) and Feedzai, global financial losses linked to scams reached an estimated $1.03 trillion within 12 months, a statistic that stressed the urgency of corporate-led consumer protection initiatives.

These awards are a validation of our efforts to fight back against those who misuse our brand name to defraud others,” said Trevor Kuna, chief marketing officer of QNET. “We are determined to protect the communities in which we operate and rebuild trust with our customers and stakeholders. Together, they affirm our commitment to responsible entrepreneurship and the values that drive us forward.”

QNET’s recognition at the IBAs places it among leading global brands celebrated for their commitment to integrity, communication excellence, and social responsibility.

Since its establishment in 1998, QNET has leveraged direct selling and e-commerce to distribute wellness and lifestyle products globally, building a vast network of entrepreneurs and customers. 

The company is a member of several direct selling associations and maintains partnerships with major sports organisations, including Manchester City Football Club and the Confederation of African Football (CAF), reflecting its growing international footprint.

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Google Launches Affordable AI Plus Plan in Nigeria, 39 Other Countries https://techeconomy.ng/google-ai-plus-nigeria-39-countries/ https://techeconomy.ng/google-ai-plus-nigeria-39-countries/#respond Wed, 24 Sep 2025 13:30:59 +0000 https://techeconomy.ng/?p=167984 The company is making advanced AI tools more accessible in markets where high subscription costs have limited adoption.

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Google has rolled out its new AI Plus subscription plan across 40 countries, including Nigeria, Angola, Bangladesh, Cameroon, Côte d’Ivoire, Egypt, Ghana, Indonesia, Kenya, Mexico, Nepal, the Philippines, Senegal, Uganda, Vietnam, and Zimbabwe. 

The company is making advanced AI tools more accessible in markets where high subscription costs have limited adoption.

The Plus plan, priced at roughly $5 per month in most regions, offers a six-month, 50% discount in selected countries like Nepal and Mexico. It grants users access to Gemini 2.5 Pro, a multimodal AI capable of generating images and videos, alongside integrated productivity features in Gmail, Docs, and Sheets. 

Subscribers also get 200GB of cloud storage and enhanced capabilities within Google’s AI research assistant, NotebookLM, which now supports long-context document analysis, a feature particularly useful for students, researchers, and journalists.

Tools like Flow, Whisk, and Veo 3 Fast are also included. They allow fast creation of animations, visual content, and video assets, directly appealing to the creator economy in regions where mobile-first usage dominates.

The launch comes a day after OpenAI expanded its ChatGPT Go plan to Indonesia, a sub-$5 subscription tier that grants access to GPT-4-turbo but lacks the integrated productivity tools and cloud storage of Google’s Plus tier. 

Analysts see these pricing strategies as a transition from competing on raw AI model power to offering complete ecosystems that integrate seamlessly into daily workflows.

Usage of AI tools in Africa has surged by 240% since 2023, with Nigeria, Kenya, and Egypt leading growth, according to Statista and GSMA. Southeast Asia is witnessing similar trends, particularly in Indonesia and Vietnam, where freelancers and small businesses increasingly adopt AI-powered productivity tools.

India, despite being a top AI market where OpenAI debuted ChatGPT Go, is missing from Google’s rollout. Experts say this may relate to ongoing adjustments in pricing and compliance strategies to address data localisation and regulatory challenges.

Google is making AI affordable without sacrificing utility, especially in emerging markets where a $20 subscription is usually prohibitive. For users in Nigeria and similar economies, the new Google AI Plus plan could be a game-changer.

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Fintech 2.0: Safaricom M-PESA Upgrade Boosts Mobile Money Performance Across Africa https://techeconomy.ng/safaricom-m-pesa-upgrade-mobile-money-performance-africa/ https://techeconomy.ng/safaricom-m-pesa-upgrade-mobile-money-performance-africa/#respond Mon, 22 Sep 2025 13:09:02 +0000 https://techeconomy.ng/?p=167770 Sources familiar with operations say engineers are monitoring live transactions to detect irregularities, a process expected to last several days.

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Safaricom has successfully completed the scheduled M-PESA upgrade, the largest since it was localised over a decade ago, restoring services early Monday following a three-hour cutover.

The upgrade, dubbed Fintech 2.0, moves Africa’s second-largest mobile money service to a cloud-native architecture, allowing it to process 6,000 transactions per second at launch, with the potential to double as demand rises.

The scheduled M-PESA upgrade was successfully completed and all services fully restored. All M-PESA services are now available. We look forward to serving you better and providing you with seamless experiences,” the telco said in a tweet.

The migration addresses long-standing limitations. The previous system, operating near a 4,500-transactions-per-second ceiling, left little room for growth. Fintech 2.0 leverages microservices hosted on Huawei Cloud, enabling Safaricom to update individual components without taking the platform offline, a major step for reliability and speed.

Sources familiar with operations say engineers are monitoring live transactions to detect irregularities, a process expected to last several days. Other insiders indicate that the operator now aims to accelerate integrations with banks, fintechs, and developers, opening the door for new APIs, merchant credit products, and cross-border payment solutions.

M-PESA handles more than 21 billion transactions annually, serving over 50 million users across Africa, including payments, remittances, credit, and e-commerce. The upgrade is expected to strengthen its operations as a regional financial backbone, particularly for small businesses and cross-border trade, aligning with goals under the African Continental Free Trade Area (AfCFTA).

Competition is getting higher. Airtel Money and other digital-first fintechs have steadily expanded, putting pressure on M-PESA’s top place. The upgrade is not just a technical improvement, but aims to maintain leadership across the market.

In modernising its infrastructure, Safaricom positions M-PESA as a more agile, scalable, and partner-friendly platform. This change reflects the vision first backed by late CEO Bob Collymore, who framed the company’s future as a platform play rather than a closed service. 

With digital payments growing ever more competitive, Fintech 2.0 could enhance mobile money in Africa.

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Leveraging Data for Africa’s Progress https://techeconomy.ng/leveraging-data-for-africas-progress/ https://techeconomy.ng/leveraging-data-for-africas-progress/#respond Sat, 24 May 2025 17:09:16 +0000 https://techeconomy.ng/?p=159418 Data collection is crucial for steering development in Africa. It provides the basis for informed policy-making to stimulate economic growth and combat pressing social challenges. The article stresses the importance of gathering and analysing data to facilitate sustainable advancement and positive transformation in African communities. By systematically gathering and interpreting data, policymakers and stakeholders can […]

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Data collection is crucial for steering development in Africa. It provides the basis for informed policy-making to stimulate economic growth and combat pressing social challenges.

The article stresses the importance of gathering and analysing data to facilitate sustainable advancement and positive transformation in African communities.

By systematically gathering and interpreting data, policymakers and stakeholders can gain valuable insights that inform the development of evidence-based strategies tailored to the unique needs and challenges of African nations.

Whether related to healthcare, education, infrastructure development, or environmental conservation, data is a crucial tool for identifying key areas for intervention, setting benchmarks for progress, and efficiently allocating resources to maximise impact.

Data-driven decision-making improves transparency, accountability, and effectiveness in governance, resulting in more inclusive and equitable development outcomes.

By leveraging data analytics, governments and organizations can better understand complex socio-economic issues, anticipate emerging trends, and respond quickly to crises or challenges.

This approach fosters resilience and promotes sustainable development throughout Africa.

The comprehensive use of data, as highlighted in the article, emphasizes its transformative potential as a catalyst for progress in Africa.

By recognizing data as a fundamental driver of development, stakeholders can harness its power to unlock new opportunities, foster innovation, and create a more prosperous and resilient future for the continent and its people.

Data acts as a powerful tool for policymakers, allowing them to identify priority areas for intervention and monitor progress toward development goals with precision and transparency.

Through the systematic collection of accurate and reliable data, governments and development organizations can gain a thorough understanding of the complex needs and challenges facing their populations.

This understanding paves the way for more targeted and effective interventions that can drive positive change.

When data is effectively used in decision-making processes, policymakers gain valuable insights that help them prioritize interventions for the most pressing issues in their communities.

By analyzing data trends and patterns, decision-makers can pinpoint areas where resources are urgently needed and allocate them accordingly to maximize impact and achieve sustainable development goals.

This focused approach not only optimizes the use of limited resources but also ensures that interventions are specifically tailored to meet the unique needs of the population, thereby enhancing their effectiveness and relevance.

Moreover, by monitoring progress toward development goals through data analysis, policymakers can assess the impact of their interventions over time and make necessary adjustments to ensure that objectives are met.

Data-driven monitoring provides real-time feedback on the effectiveness of programs and policies, allowing decision-makers to adapt their strategies in response to emerging challenges or changing circumstances.

This flexibility is essential for ensuring that development efforts remain responsive to the evolving needs of populations and continue to foster positive change in a sustainable way.

The use of data in decision-making processes significantly improves the efficiency and effectiveness of interventions while also fostering accountability, transparency, and evidence-based policymaking.

By leveraging data to inform their decisions, policymakers can develop more targeted, impactful, and sustainable initiatives that have the potential to positively transform the lives of individuals and communities.

However, despite the clear advantages of data collection and analysis in driving development in Africa, the continent faces considerable challenges. Limited infrastructure, a lack of resources, and capacity constraints create serious obstacles to the effective collection and use of data.

These barriers hinder evidence-based decision-making and impede progress in addressing critical social and economic issues.

The lack of adequate infrastructure, such as reliable internet connectivity and technological tools, in many parts of Africa poses a significant challenge to data collection efforts.

This can hinder the timely and accurate collection of data, limiting the availability of crucial information needed to inform policy decisions and drive development initiatives.

Similarly, the scarcity of resources, including funding and skilled personnel, further exacerbates the challenges of data collection, analysis, and interpretation.

Without adequate financial and human resources, governments and organizations may struggle to implement robust data collection systems and sustain data-driven efforts to promote development and innovation.

Capacity constraints, such as a shortage of trained personnel and technical expertise in data collection and analysis, present additional challenges to effectively leveraging data for development in Africa.

It is crucial to build and strengthen the capabilities of individuals and institutions to collect, manage, and analyze data.

This ensures the accuracy, reliability, and relevance of data-driven insights that inform decision-making processes.

Addressing these capacity gaps through training programs, knowledge-sharing initiatives, and partnerships with academic and research institutions is essential for improving the quality and utility of the data collected in the region.

In addition to these challenges, issues related to data privacy, security, and transparency must be carefully considered and addressed to protect the integrity and ethical use of data in development efforts.

It is essential to collect, store, and share data securely and responsibly to safeguard the privacy and rights of individuals and communities.

Transparency in data collection and management is essential for building trust and accountability among stakeholders involved in development initiatives.

By creating strong data governance frameworks and following best practices in data management, policymakers and organizations can reduce the risks of data misuse and ensure that data is used ethically and in the best interest of the population.

In Africa, data collection presents valuable prospects for advancing development and growth. However, it is vital to tackle challenges such as inadequate infrastructure, resource limitations, capacity shortfalls, and privacy issues.

These actions are pivotal for maximising the impact of data in achieving sustainable development goals continent-wide.

Through investments in enhancing data collection abilities, strengthening data security and transparency, and advocating for ethical data practices, African nations can surmount these obstacles.

This will empower them to utilise data as a potent instrument for making informed decisions, devising effective policies, and fostering inclusive development results.

Despite the challenges encountered in data collection in Africa, there are substantial opportunities to utilise data to propel development and stimulate innovation throughout the continent.

The rapid expansion of mobile technology and the widespread embrace of digital platforms have transformed the terrain of data collection and analysis, offering fresh pathways for collecting and interpreting information from various sources.

The growing connectivity and availability facilitated by mobile devices have democratised data collection, allowing for a more extensive and inclusive method of capturing insights and trends that can guide policy choices and development plans.

The widespread use of mobile phones and digital platforms has not only facilitated data collection but has also opened up avenues for real-time monitoring and evaluation of development initiatives in Africa.

Through mobile surveys, social media analytics, and data collection apps, governments, NGOs, and development organizations can collect timely and relevant data on a wide range of social, economic, and environmental indicators.

This real-time data collection capability enables policymakers to track progress towards development goals, identify emerging challenges, and make informed decisions based on up-to-date information, leading to more effective and responsive interventions.

In addition, the adoption of data analytics and machine learning technologies offers significant potential for unlocking fresh avenues for growth and innovation in Africa.

Through the utilisation of data analytics, organisations can extract valuable insights from vast and intricate datasets, revealing patterns, trends, and relationships that can guide strategic decision-making and instigate transformative progress.

Insights derived from data can pinpoint unexplored market opportunities, optimise resource distribution, and formulate targeted interventions that address the distinct requirements and challenges encountered by African communities.

 

Furthermore, the innovative use of data, including predictive modelling, geospatial analysis, and impact evaluation, can empower Africa to develop sustainable solutions to critical social and economic issues.

By leveraging data to predict future trends, map out vulnerable populations, and evaluate the effects of interventions, policymakers and development professionals can design more efficient and targeted programmes that bring tangible benefits to those in need.

Data-led approaches enhance the efficacy of development endeavours and promote transparency, accountability, and evidence-based decision-making, ultimately culminating in more sustainable and impactful outcomes.

Despite the ongoing challenges in data collection across Africa, the opportunities offered by the rise of mobile technology, digital platforms, and data analytics are significant and encouraging.

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By adopting data-driven approaches, Africa has the potential to leverage information to advance development, empower communities, and promote innovation, ultimately leading to positive social and economic transformation throughout the continent.

By committing to invest in data collection capabilities, ensuring data privacy and transparency, and embracing innovative technologies, African countries can fully harness the power of data as a catalyst for sustainable development and inclusive growth.

In conclusion, data collection plays a crucial role in advancing Africa’s development and promoting inclusivity.

By tackling the challenges and leveraging the opportunities associated with data use, the continent can realize its full potential and create a brighter future for all its people.

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