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MSMEs dialogue to reap AfCFTA gains using digital platforms
Aug 18,2023
A three-day consultation took place in Dakar, Senegal from 18 -20 August 2021 where 50 business owners from across Africa discussed with micro, small and medium enterprises (MSMEs) how to reap the benefits of the African Continental Free Trade (AfCFT...
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India's digital economy expected to contribute over 20 percent to GDP
Aug 17,2023
EXCERPT : During the two-day G20-Digital Innovation Alliance summit in Bengaluru, Union Minister of State for Electronics and IT Rajeev Chandrasekhar highlighted trends in India's digital economy relevant to startups During the G20 Digital Innovatio...
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New cloud based microfinance solution in Nigeria
Aug 17,2023
The Association of Non Bank Microfinance Institution of Nigeria (ANMFIN) and Oradian are in partnership to help microfinance institutions use Oradian cloud based solutions to increase financial inclusions in Nigeria. This partnership aims to simplify...
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Chinese authorities request e-commerce platforms to stop the sale of VPNs
Aug 17,2023
Chinese authorities have issued warning to the country's top ecommerce platforms, including Alibaba's Taobao.com, over the sale of virtual private networks (VPNs) that allow users to avoid state censorship controls. Platforms have been asked to remov...
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Alibaba beats estimates about its growth
Aug 17,2023
Alibaba has beat analyst's estimates about its growth, presenting a 56% rise in first-quarter revenue. The positive result is driven by growth in e-commerce sales, especially as the Chinese population increasingly buys goods and services online. Alib...
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Facebook expands C2C e-commerce platform in Europe
Aug 16,2023
Facebook announced that its consumer-to-consumer (C2C) e-commerce platform, Marketplace, would be launched in 17 countries in Europe. Marketplace was first launched in 2016 in the United States, United Kingdom, Australia and New Zealand. Marketplace'...
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Study shows that the "Internet is unavailable" to visually impaired users
Aug 15,2023
A study published by Deque Systems -a digital accessibility company and conducted by Nucleus Research shows that 70% of Internet websites in certain industries such as e-commerce, e-government, news and information, etc. are unavailable to visually i...
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Bitt Inks Blockchain deal with the Central Bank of Curacao and Sint Maarten
Aug 14,2023
Barbados-based fintech startup Bitt Inc. has signed a Memorandum of Understanding (MOU) with the Central Bank of Cura?ao and Sint Maarten (CBCS). The parties signed the MOU in order to develop a central bank digital currency to facilitate financial p...
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Uber temporarily suspended in Philippines
Aug 14,2023
The Land Transportation Franchising and Regulatory Board in the Philippineshas suspended the accreditation and operation of Uber for one month. As explained by Reuters, the order came in the context of 'a government crackdown on unregistered drivers ...
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VC Firms like Sequoia and Softbank face lawsuit for alleged role in FTX fraud
Aug 11,2023
A lawsuit filed on 7 August alleges that several investment companies played a role in facilitating the FTX fraud by using their power, influence, and financial resources to support the growth of the exchange. The complaint asserts that the VCs provi...
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US bans chips, quantum and AI investment in China
Aug 11,2023
EXCERPT : The ban aims to prevent American resources and expertise from aiding China in developing military technologies that could threaten US national security President Joe Biden signed an executive order that grants the US Treasury Secretary the ...
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AfCFTA launches a digital platform to ease trade on the African continent
Aug 11,2023
To promote the free trade area in Africa, the African Continental Free Trade Area (AfCFTA) Secretariat kicked off AfCFTA Hub which is a platform that connects clearing houses for national governments, intergovernmental, private, and public digital an...
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