African countries rank lowest on the AI readiness index globally

According to a report by Oxford Insights, African countries rank lowest on the AI readiness index globally. However, Mauritius, South Africa, and Seychelles are leading the drive.

Recap of ProductDive’s inaugural hybrid event

The Dive gathered product managers, senior product managers, Head/Director/VP of products, founders, and enthusiasts across the country.

Farm Central Intelligence emerges winner at AFEX Code Cash Crop 4.0 Ag-hackathon

AFEX, Africa’s leading commodities market player, hosted its fourth annual ag-hackathon, Code Cash Crop 4.0, aimed at harnessing the intersection of technology, finance, and agriculture to create a platform for young tech enthusiasts to create viable solutions.

Mastercard to acquire a minority stake in MTN’s $5.2 billion fintech business

Global payments company, Mastercard has agreed to purchase a minority stake in MoMo, MTN’s $5.2 billion fintech business.

Founders Factory Africa secures $144 million to back more early-stage startups

South Africa-based venture builder, Founders Factory Africa has secured $144 million to scale its hybrid investment model across Africa.

Kobo360 CEO is now Enugu’s commissioner of transport

Enugu state governor, Peter Mbah, has appointed Obi Ozor, the co-founder and CEO of Kobo360, as the commissioner of transport.

Harvard-AWS NextGen Accelerator backs 12 student-owned African startups

Harvard Innovation Labs and Amazon Web Services have selected 12 African student-led startups for the inaugural NextGen Accelerator.

Nigerian artistes’ revenue on Spotify grew by 74% in 2022, raking over ₦11 billion

At the end of 2022, Nigerian artistes generated over ₦11 billion in revenue via Spotify, recording a 74% increase from the previous year.

Moove raises $76 million in new funds to fuel further global expansion

The latest investment led by Mubadala Investment Company brings Moove's total funding to $335 million across debt and equity

World Bank pauses financing to Uganda over anti-LGBTQ law

On Tuesday, World Bank announced that it will not provide new loans to Uganda due to its anti-LGBTQ laws. “Uganda’s Anti-Homosexuality Act fundamentally contradicts the World Bank Group’s values,” the Bank said in a statement seen by thecondia.com.

Credley launch new product to help startups increase employees benefits

The dynamic feature empowers companies to provide their staff with exclusive deals, benefits, and even an inflation allowance, all within Credley’s innovative platform.

Spotify introduces its AI DJ feature in 18 African countries

Spotify has announced the roll out of its AI feature 'DJ' to its premium subscribers in 18 African countries including Nigeria, South Africa and Ghana, six months after launching the feature in North America.