Webtoon Entertainment, the world's largest webcomic platform, has announced its market value at $2.67bn (£2.11bn) ahead of its US listing on the Nasdaq stock exchange. The company's shares are set to start trading on 27 June at $21 each, the top end of their marketed range. Owned by South Korean tech giant Naver, Webtoon has…
Paystack, a leading Nigerian fintech company, has extended its Virtual Terminal service to Côte d’Ivoire, Ghana, Kenya, and South Africa. This move is a significant step in enhancing in-person payment processes across the continent. The Virtual Terminal enables merchants to create unique QR codes for employees like cashiers and sales agents. Customers can scan these…
In a momentous alliance, the Space Exploration & Research Agency (SERA) and Nigeria's National Space Research and Development Agency (NASRDA) have united to pioneer the first Nigerian citizen's journey into space. This landmark partnership marks a significant stride in Nigeria's space exploration endeavours. It opens up new horizons for scientific research and technological advancements. SERA,…
Starting a business in Rwanda presents a unique set of opportunities and challenges. Funding is critical in turning a startup idea into a successful venture. Here's a comprehensive guide to help Rwandan startups access local and global funding sources. 1. Local Funding Options a. Government Grants and Programs The Rwandan government offers various grants and…
Rwanda's fashion industry has flourished in recent years, largely thanks to the contributions of talented female entrepreneurs. Despite numerous challenges, these women have shown remarkable resilience, creativity, and business acumen. This article highlights 15 outstanding female entrepreneurs transforming Rwanda's fashion landscape. Pioneering Women in Rwandan Fashion Sonia Mugabo: Founder of her namesake brand, Mugabo's designs…
TikTok's revelation of offering a 'kill switch' to the US government in 2022, aimed at addressing data protection and national security concerns, has sparked a significant legal battle. This move came to light as TikTok and its parent company ByteDance initiated legal action against a new law that mandates ByteDance to sell TikTok or face…
Our mobile phones and the telecom networks they rely on are becoming more innovative. Recently, Apple announced its new AI-powered system, Apple Intelligence, which is set to enhance the functionality of its devices. This follows similar advancements by Samsung and Google. However, the rise of AI in phones increases data usage, putting pressure on mobile…
Nvidia has surpassed Microsoft and Apple to become the world's most valuable company, reaching a market cap of $3.34 trillion (£2.63 trillion) after its share price hit an all-time high. The stock closed at nearly $136, up 3.5%. This surge is driven by Nvidia's leadership in AI chip production, a crucial component in the tech…
McDonald's is discontinuing its AI-powered ordering technology in US drive-throughs after numerous customer complaints and viral videos of amusing errors. Developed by IBM and launched in 2019, the AI system used voice recognition to process orders but often needed to be more accurate, leading to mistakes like bacon-topped ice cream and enormous chicken nugget orders.…
From animal lovers to laboratory technicians, no one enjoys subjecting animals to scientific testing. This practice ensures that drugs and other substances are safe for human use. Researchers have long sought alternatives to animal testing, and now, artificial intelligence (AI) systems are accelerating this effort. Leveraging AI to Minimize Animal Testing One promising application of…
