Gokada has endured a very challenging 2020, fighting its way to stability despite suffering major setbacks. The first major blow was the bike hailing ban that crippled the bike hailing sector of Lagos, Gokada’s only market. The company made a hard pivot quickly to stay alive while shedding 80% of its
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Oracle wants to provide a helping hand to banks and financial institutions that must combat money laundering and other forms of financial crime, with the launch of new cloud services built on the Oracle Cloud Infrastructure. Oracle Financial Services executive vice president and general manager Sonny Singh says that criminals’ tactics
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WhatsApp on Friday entered an increasingly tense battle between multinational giants such as Google and Alibaba for a chunk of India's fast growing digital payments market. The Facebook-owned firm said it was launching Whatsapp Pay just hours after it was given permission by the country's payments regulator. India is the messenger
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Internet adoption is so expensive that 58 per cent of Nigerians are unable to access the technology, a survey conducted in 195 countries of the world has shown. An analysis by Datareportal in August 2020, said Nigeria ranks fourth position, just below Pakistan and above Bangladesh. India, China, and Pakistan have the
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The Nigeria Extractive Industries Transparency Initiative on Wednesday announced that it would unveil a platform that automates the data gathering component of its extractive industry audit process on Friday. It said the NEITI Audit Management System would move data gathering and submission for NEITI’s audits from the present manual mode to
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China unveiled its 14th five-year plan last week and its government has placed self-sufficiency in technology as a major pillar of the country’s economic development. The move marked a shift in priorities towards the need to reduce tech imports. The drive to become self-reliant has come after ongoing acrimony between China
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Apple has added yet another artificial intelligence (AI) startup to its growing collection of 2020 acquisitions, drawing speculation as to why the world’s most valuable brand actually needs so much AI input? The latest Apple AI acquisition is Barcelona-based Vilynx, which uses artificial intelligence to analyze and comprehend a video’s visual,
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In Malawi, people have been paying around 87% of gross national income per capital for 1GB of mobile data. Rwandans only pay 2%. DW examines the reasons for this huge price discrepancy. The smartphone and the internet play the same crucial role for Tabu Kitta as they do for most Africans
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China suspended Ant Group’s $37 billion stock market listing on Tuesday, thwarting the world’s largest IPO with just days to go, in a dramatic move that left investors and bankers scrambling for answers. The Shanghai stock exchange first announced that it had suspended Ant’s initial public offering on its STAR market,
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Over time, prediction algorithms become specialized for an increasingly narrow slice of the population, and the average quality of their predictions declines. Companies like Netflix and Hulu compete for subscribers to make sure their businesses thrive. But there's another type of competition at work that receives far less attention—the competition among
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