Saturday, November 1

Technology

Tether Hits $13 Billion Profits for 2024 And All-Time Highs in U.S. Treasury Holdings, USD₮ Circulation
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Technology

Tether Hits $13 Billion Profits for 2024 And All-Time Highs in U.S. Treasury Holdings, USD₮ Circulation

Today, Tether Holdings Limited released its assurance opinion for the fourth quarter of 2024, conducted by BDO, a leading global independent accounting firm. The most recent attestation reaffirms the accuracy of Tether’s Consolidated Reserves Report (CRR) and provides a detailed breakdown of the assets held as reserves for the issued tokens as of December 31, 2024. Building on the extraordinary performance of 2024, Q4 marked several all-time highs for the company, with yearly net profits exceeding $13 billion. Group equity surged past $20 billion, reflecting the company’s continued dominance and commitment to strategic investments across emerging industries such as renewable energy, Bitcoin mining, AI, telecommunications, and education. A highlight of the quarter is Tether’s increase...
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55 Finalists Announced for the Inaugural Africa Tech Summit Awards 2025
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Technology

55 Finalists Announced for the Inaugural Africa Tech Summit Awards 2025

The Africa Tech Summit Awards has announced the 2025 finalists, celebrating individuals and companies impacting the technology sector across the continent. The winners will be revealed at the awards gathering on February 13th during the seventh edition of Africa Tech Summit Nairobi. The summit, taking place on February 12th and 13th, 2025, will bring together over 2,000 industry leaders and more than 1000 companies, providing a platform for networking, collaboration, and knowledge sharing. The Africa Tech Summit Awards highlight achievements in11 sector categories and two individual categories,celebrating the companies and leaders shaping Africa’s tech landscape and addressing critical challenges on the continent. The 55 com...
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Foundation calls on stakeholders to safeguard children online  
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Technology

Foundation calls on stakeholders to safeguard children online  

The Ghana Internet Safety Foundation (GISF) has called on stakeholders to take steps to safeguard Ghanaian children in the digital space.  The Foundation said parents and caregivers could create an open environment, where children could discuss their online experiences.  Mr. Emmanuel Adinkra, Chief Information Security Officer and President of Ghana Internet Safety Foundation speaking ahead of the 11th edition of Safer Internet Day (SID) said parents could equip themselves with digital literacy skills to help guide children and mitigate online risks.  The event, which will be celebrated on February 11, 2025 is on the theme: "Together for a Better Internet."   This event emphasizes the need for collective action to ensure that every child can safely explore t...
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Radio Astronomy Observatory risks shutdown over land encroachment – GAEC 
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Technology

Radio Astronomy Observatory risks shutdown over land encroachment – GAEC 

The Ghana Atomic Energy Commission (GAEC) has expressed concerns over the illegal acquisition of lands surrounding the Ghana Radio Astronomy Observatory (GRAO) at Kuntunse, Ga West Municipality, Greater Accra Region.  The land, acquired over 40 years ago to support satellite observation, data collection, research, and training in Space Sciences, has been taken over by private developers, which is now impacting the efficiency of the facility.  Addressing a news conference following a tour of the Observatory on Tuesday, the management of the GRAO raised alarm over ongoing construction near the facility, warning that the observatory could become "useless" if those activities continued.   The management explained that settlements and household devices, such as microwave...
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Ad spend on African shopping apps soars by 80% amid growing eCommerce competition 
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Technology

Ad spend on African shopping apps soars by 80% amid growing eCommerce competition 

Ad spend on shopping apps in Africa increased by 80% in the first nine months of 2024 compared to the same period in 2023, according to AppsFlyer’s State of App Marketing Africa report. This increase highlights the growth of the continent's eCommerce landscape, driven by increasing smartphone penetration, shifting consumer behaviours, and intensified competition among platforms.   “In markets like Nigeria and South Africa, the growing penetration of smartphones and affordable internet access has made eCommerce more accessible, prompting advertisers to invest heavily in reaching these expanding audiences,” explains Netta Lev Sadeh, Managing Director EMEA SANI at AppsFlyer.   South Africa and Nigeria have emerged as the leading drivers of this ad spend growth, wi...
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NoniHub trains 20 PWD women entrepreneurs
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Technology

NoniHub trains 20 PWD women entrepreneurs

Twenty women entrepreneurs in the Wa Municipality who are Persons living with Disabilities (PWDs), are receiving business development training to equip them with the needed skills to enhance their businesses. They would undergo two weeks of regimented training in business development, financial management and social media marketing to enable them to be on top with technological advancement in business operations. The project would benefit PWD women in dressmaking, weaving, soap making and bakery among others within the Wa Municipality. The initiative by NoniHub, an Information Technology (IT) firm in Wa, dubbed: “Ablepreneurs 2.0” project and implemented by NoniHub in partnership with School of Thoughts Ghana, a Non-governmental Organisation. The project launch was on the theme...
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AI’s Impact on Elections: New Policy Paper Highlights Urgent Global Challenge
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Technology

AI’s Impact on Elections: New Policy Paper Highlights Urgent Global Challenge

Artificial intelligence (AI) is transforming political campaigns worldwide, creating unprecedented opportunities while amplifying risks for democratic processes. According to the newly launched policy paper, The Pervasive Influence of AI on Global Political Campaigns 2024, AI-driven techniques, such as generative AI (genAI), have revolutionized voter engagement through personalized messaging. However, genAI has also emerged as a double-edged sword: while enabling effective campaigning, it has been a significant source of disinformation, eroding trust in democratic institutions. For instance, the United States, classified as “severely polarized” and ranked 3rd among 28 countries for polarization, illustrates how AI-generated propaganda exacerbates societal divisions. Further, the U.S. ra...
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Africa Tech Summit Nairobi 2025 Announces 10 Ventures for Investment Showcase
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Technology

Africa Tech Summit Nairobi 2025 Announces 10 Ventures for Investment Showcase

 Africa Tech Summit Nairobi powered by Raenest, the leading B2B event connecting the African tech ecosystem, is excited to announce the 10 African tech ventures selected to showcase their innovative solutions for potential funding and partnerships on February 12th and 13th at the Sarit Expo Centre in Nairobi. Over 200 submissions were received from more than 24 countries, including Burundi, Côte d'Ivoire, Democratic Republic of Congo, Egypt, Ethiopia, Nigeria, Kenya, Uganda, Ghana, Zambia, Mali, Morocco, Mozambique, South Africa, Tanzania, Chad, and Rwanda. The 10 ventures, representing sectors such as fintech, insurtech, healthtech, agritech, and cleantech, were chosen for their innovative ideas and potential to drive significant impact across the continent. Recently ...
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Power International Holding (PIH) completes the acquisition of Mobile Telecom – Service LLP (MTS) from Kazakhtelecom JSC
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Technology

Power International Holding (PIH) completes the acquisition of Mobile Telecom – Service LLP (MTS) from Kazakhtelecom JSC

Power International Holding (PIH), a globally recognized Qatari-based conglomerate, has officially completed the acquisition of a 100% participatory interest in Mobile Telecom-Service LLP (MTS) from Kazakhtelecom JSC. This acquisition follows the initial agreement signed on February 14, 2024, in Doha between PIH, Kazakhtelecom, and the sovereign wealth fund Samruk- Kazyna as well as the signing of the definitive sale and purchase agreement on June 4, 2024. MTS, known for its prominent brands Altel and Tele2, is the country's leading provider of ultrafast 5G connectivity. Established in 2004, MTS employs around 2,000 staff and operates over 140 retail stores. The company offers a comprehensive range of telecommunications and digital services, making it a ...
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Government will abolish E-Levy in its first budget- Dr Ato Forson
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News, Technology

Government will abolish E-Levy in its first budget- Dr Ato Forson

The Minister of Finance designate, Dr Cassiel Ato Baah Forson, has promised to abolish the e-levy in the first budget of the government. Speaking during his appearance at the Appointments Committee of Parliament on Monday, he said “my position on the e-levy is not new. It has not changed and I still stand by my position to abolish it”. Dr Ato Forson said his position on the e-levy does not mean that he does not appreciate the need for revenue. He added “however, the e-levy is neither a direct, an indirect or excise tax”. Dr Ato Forson said e-levy retards progress towards financial inclusion and a cash-lite economy. “When approved, I will abolish the e-elevy in my first budget”, he said. He said his topmost priorities include working very hard to lower prices, stabilise the...
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