Focused on improving financial inclusion for West Africa’s low-income segment, a Nigerian fintech start-up, Aella has raised a $10m debt financing round, from HQ Financial Group (HQF), Singapore-based private company specializing in new material science, semiconductor and blockchain financial investments. This debt financing round is Aella’s second raise and will bolster the company’s commitment to serve the underbanked population in West Africa and other emerging markets.
Most of the global internet traffic today utilizes infrastructure located primarily in the northern hemisphere to link Asia, Europe and North America. Meanwhile, the southern hemisphere, which includes parts of Asia, Africa and South America is heavily connected via links coming from the North as well. However, the traffic to the southern region currently travels a longer route which may affect the internet experience of the end users.
Visa announced Euronet Worldwide, a leading global financial technology solutions and payments provider based in Dubai, is working with Visa to augment Visa’s fintech fast-track program in the Central and Eastern Europe, Middle East and Africa (CEMEA) region.
On the sidelines of the 4th China-Arab States Expo, which took place recently in Ningxia, China, the Egyptian Space Agency and the China National pace Administration (CNSA) proceeded to launch the second implementation phase of the Egyptian satellite project which is the construction of “MisrSat-II”. The first phase, which took place in January 2019, focused on closing the financing.
The Somalia cabinet has approved the National ICT and Strategy as the first ICT policy framework for the country. It work in parallel with the National Development Plan, national roadmaps, and the broader vision of the government of Somalia for leveraging ICT as a driver of economic and social development. The policy aims also to strengthen the central ICT co-ordination, consistency and collaboration among public and private sectors working in the field.
SES's latest solution, which will be showcased at IBC2019 in Amsterdam, synchronizes over-the-top (OTT) and satellite broadcasts by delivering IP signals to OTT platforms as fast as satellite to create enhanced live viewing experiences, announced SES. The new solution, named Satellite and OTT in Sync, gives broadcasters the power to deliver a more consistent experience to viewers watching any screen, or even multiple screens, by eliminating the delay between their TV broadcast and OTT services.
Package delivery giant UPS said it became the first company to obtain US regulatory approval to operate a “drone airline” and would expand its airborne operations in healthcare and other sectors.
It is unclear whether Nigeria’s ICT sector and its telecommunications industry is ready to roll out 5G technology and operators are remaining silent regarding this issue.
With the aim of promoting digital learning for girls and women in Senegal, South Africa, Nigeria, Democratic Republic of the Congo and Morocco, UN Women and HP sealed a new partnership that shows commitment to the United Nations’ fourth goal of the SDGs which is quality education.
Releasing 5G mmWave capacity is expected to boost the global economy valued at $565 billion, says the GSM Association (GSMA). This figure will represent 2.9% of global GDP growth by 2034.