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Innovationvillage Current issues on Innovation, New Products, Projects, Ebusiness, Internet Media in Africa

Current News on Innovation, New Technologies, Products, People in Africa

Kenya’s renowned coffee and casual dining chain, Java House, is set for a new chapter as Actis, its current owner, exits...
04/02/2025

Kenya’s renowned coffee and casual dining chain, Java House, is set for a new chapter as Actis, its current owner, exits the company, selling it to Africa-focused private equity firms Alterra Capital and Phatisa Group. This marks Java House’s fourth ownership change in 12 years, reflecting the continued investment interest in East Africa’s food and beverage industry.

Click the link to read more: https://innovation-village.com/actis-exits-as-java-house-gets-new-african-owners/

As artificial intelligence continues to shape the future of technology, Resilience17, the venture fund and studio founde...
04/02/2025

As artificial intelligence continues to shape the future of technology, Resilience17, the venture fund and studio founded by Flutterwave CEO Olugbenga “GB” Agboola, is taking bold steps to accelerate AI innovation in Africa. Through its newly launched Go Time AI accelerator, the firm is offering African startups working on AI-driven solutions up to $200,000 in funding, along with mentorship and technical support.

Click the link to read more: https://innovation-village.com/go-time-ai-resilience17s-accelerator-offers-up-to-200000-to-african-ai-startups/

In a move that has sent shockwaves through the gaming industry, Forza Horizon 5 is set to launch on PlayStation 5, marki...
03/02/2025

In a move that has sent shockwaves through the gaming industry, Forza Horizon 5 is set to launch on PlayStation 5, marking the first time in two decades that a Forza title will be available outside the Xbox ecosystem. This historic decision by Microsoft signals a major shift in strategy and raises big questions about the future of platform exclusivity.

Click the link to read more: https://innovation-village.com/forza-horizon-5-is-coming-to-playstation-5/

Facebook is monitoring your activities even when you’re not on the app. In fact, it can go as far as monitoring your ban...
03/02/2025

Facebook is monitoring your activities even when you’re not on the app. In fact, it can go as far as monitoring your bank activities on the application. Don’t be shocked. This is just one example of their extensive data collection efforts. I know you’re not comfortable with that, and that’s the reason why I’ve written this article to show you how to stop it.

Click the link to read more: https://innovation-village.com/facebook-might-be-tracking-your-bank-transactions-find-out-how-to-stop-it/

The US Agency for International Development (USAID) website unexpectedly went offline on Saturday, intensifying concerns...
03/02/2025

The US Agency for International Development (USAID) website unexpectedly went offline on Saturday, intensifying concerns over the Trump administration’s freeze on foreign aid and its broader attempt to restructure the agency. The sudden digital blackout follows reports of widespread program suspensions, staff furloughs, and uncertainty over the agency’s future. The move has sparked intense political and legal debates, with critics warning that the administration’s actions could undermine global humanitarian efforts, weaken US diplomatic influence, and threaten millions of vulnerable people worldwide.

Click the link to read more: https://innovation-village.com/usaid-website-goes-down-amid-trump-administrations-freeze-on-foreign-aid/

Stocks & Strauss Fund Manager has officially announced the launch of the University Technology Fund II (UTF II), achievi...
31/01/2025

Stocks & Strauss Fund Manager has officially announced the launch of the University Technology Fund II (UTF II), achieving a significant milestone in December 2024. All agreements for the fund have been finalized, and a substantial portion of the capital has been committed, marking a pivotal step toward reaching the target fund size of ZAR400 million (approximately US$21.4 million).

Click the link to read more: https://innovation-village.com/south-africas-21-4-million-university-technology-fund-ii-set-to-invest-in-innovations-from-universities

Meta’s microblogging platform, Threads, is witnessing significant growth as users increasingly prefer the app over compe...
31/01/2025

Meta’s microblogging platform, Threads, is witnessing significant growth as users increasingly prefer the app over competitors such as X. During the company’s fourth-quarter earnings presentation on Wednesday, CEO Mark Zuckerberg announced that Threads has reached 320 million monthly active users (MAUs), a notable increase from 300 million just a month prior. This figure marks a substantial rise from the 275 million MAUs reported in November.

Click the link to read more: https://innovation-village.com/threads-gains-20-million-monthly-users-since-december-surpassing-320-million-total/

Airtel Africa has once again demonstrated its resilience and strategic agility by reporting a 20.4% increase in revenue ...
31/01/2025

Airtel Africa has once again demonstrated its resilience and strategic agility by reporting a 20.4% increase in revenue for the nine-month period ending December 31, 2024. Despite economic headwinds and currency fluctuations across its markets, the telecom giant has managed to expand its subscriber base, enhance mobile money adoption, and optimize operational efficiencies, solidifying its position as one of Africa’s leading telecommunications providers.

Click the link to read more; https://innovation-village.com/airtel-africas-revenue-soars-20-4-to-3-64bn-in-9-months/

BTC Holdings Plc, the Nigerian subsidiary of Standard Bank Group, has announced plans to recapitalize its fintech arm, Z...
30/01/2025

BTC Holdings Plc, the Nigerian subsidiary of Standard Bank Group, has announced plans to recapitalize its fintech arm, Zest Payments Limited, with an investment of ₦4 billion (approximately $2,480,040). This funding is part of a larger capital raising exercise aimed at securing ₦148.71 billion, with the allocation to Zest representing about 3% of the total amount being raised. 

Click the link to read more: https://innovation-village.com/stanbic-ibtc-to-invest-%e2%82%a64-billion-in-fintech-subsidiary-zest-payments/         

Ebun Okubanjo, the CEO of Bento Africa, a Nigerian payroll and human resource management platform, has resigned followin...
30/01/2025

Ebun Okubanjo, the CEO of Bento Africa, a Nigerian payroll and human resource management platform, has resigned following serious allegations regarding the company’s failure to remit collected taxes and pension contributions on behalf of its clients. In an email addressed to Bento’s board of directors, Okubanjo announced his resignation and indicated a complete separation from the company by relinquishing his equity and debt holdings.

Click the link to read more: https://innovation-village.com/ebun-okubanjo-resigns-as-ceo-of-bento-africa-amid-tax-remittance-allegations/

The Central Bank of Nigeria (CBN) has announced a ground-breaking policy that makes banks directly responsible for fraud...
30/01/2025

The Central Bank of Nigeria (CBN) has announced a ground-breaking policy that makes banks directly responsible for fraudulent transactions that occur within their systems, a daring step to strengthen Nigeria’s financial industry against fraudulent activity. The Nigeria Inter-Bank Settlement System (NIBSS) is mandated by the CBN to debit the settlement accounts of banks that receive revenues from illegal operations as of January 2025.

Click the link to read more: https://innovation-village.com/cbn-strikes-back-new-policy-holds-banks-accountable-for-fraudulent-transactions/

Moove, the Africa-born vehicle financing company backed by Uber, has acquired Kovi, a Brazilian urban mobility provider.
29/01/2025

Moove, the Africa-born vehicle financing company backed by Uber, has acquired Kovi, a Brazilian urban mobility provider.

Moove acquires Kovi, a Brazilian urban mobility provider, solidifying its presence in Latin America’s rapidly expanding market

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