Latest News on Technology in Africa

  • Nigerian digital payments firm Interswitch confirmed on Tuesday it has reached unicorn status after Visa acquired a minority equity stake in the firm. The investment makes Interswitch one of the most valuable African fintech businesses with a valuation of $1 billion.
  • Pan-African telecoms company, Liquid Telecom has launched the fastest direct land-based fibre link connecting East to West Africa. This coast-to-coast digital corridor follows the completion of Liquid Telecom’s new high-capacity fibre link running 2,600-kilometre (km) across the Democratic Republic of Congo (DRC)
  • Huawei Cloud released Kunpeng ECS (Elastic Cloud Server) cloud services and Partner Program 2.0 on Wednesday, 13 November 2019. The Kunpeng-powered cloud services will be made available to African customers by the end of December 2019 and aim to offer 15% faster multi-core computing power and a 30% higher performance/price ratio than the industry average.
  • Bolt has launched an environmental impact fund with a seed capital of €10 million offered to projects that have global social and environmental advantages. The fund is part of Bolt’s strategy called the Green Plan that focuses on a long-term commitment to eliminate the ecological footprint of the company.
  • Under Twitter’s new ad policy, environmental groups and fossil fuel companies alike won’t be allowed to run ads with “the primary goal of driving political, judicial, legislative, or regulatory outcomes.” The company will also place restrictions on ads aimed at educating or raising awareness on issues like climate change.
  • Amazon is protesting the Pentagon’s decision to award a $10 billion cloud-computing contract to Microsoft, citing “unmistakable bias” in the process.
  • Google has published changes to YouTube’s Terms of Service Agreement that have stoked fears among some users. The new terms take effect Dec. 10.