Tuesday, May 26

Technology

Flutterwave, Yellow Card, join Circle Payments Network to facilitate global payments with stablecoins 
Technology

Flutterwave, Yellow Card, join Circle Payments Network to facilitate global payments with stablecoins 

Africa’s leading payment company, Flutterwave, and crypto exchange, Yellow Card, have joined 25 other payment platforms across the globe under a new group called Circle Payments Network (CPN) to facilitate cross-border payments across the globe leveraging stablecoins. The network established by Circle Internet Group, Inc., a global financial technology company and stablecoin market leader, connects financial institutions – banks, neo-banks, payment service providers, virtual asset service providers and digital wallets globally. It enables real-time settlement of cross-border payments using regulated stablecoins. “CPN marks the next chapter in Circle’s evolution, extending beyond trusted stablecoins and developer platforms to power a globally connected payments network,” Circle Int...
Kenya partners with Canadian companies to create a blockchain-powered digital exchange
Technology

Kenya partners with Canadian companies to create a blockchain-powered digital exchange

The platform will bring government oversight to digital and real-world assets. Kenya’s Nairobi Securities Exchange (NSE) has announced a partnership with DeFi Technologies, SovFi, and Valour Inc. to launch a Kenya Digital Exchange (KDX), a regulated platform aimed at tokenising real-world assets. DeFi Technologies and its subsidiary, Valour Inc., are Canadian-based companies that provide decentralised solutions for traditional capital markets. They are going to build KDX as a blockchain-powered platform that will also allow Kenyan companies to launch tokens and even tokenise assets, including equities, debt, funds, and commodities. This platform will bring government oversight to digital assets that would have been created on public blockchains like Ethereum or Solana, wher...
Hoor Al Qasimi recognised as Officer of the Order of Arts and Letters by the Embassy of France In UAE
Technology

Hoor Al Qasimi recognised as Officer of the Order of Arts and Letters by the Embassy of France In UAE

Hoor Al Qasimi, President and Director of Sharjah Art Foundation, today received the insignia of Officier de l'Ordre desArts et des Lettres (Officer of the Order of Arts and Letters), conferred by His Excellency Nicolas Niemtchinow,Ambassador of France to the UAE, during a ceremony at The Flying Saucer, Sharjah.Since 1957, this award has honoured individuals who have made significant contributions to the arts. The insignia of theOrder of Arts and Letters is an expression of France's recognition of those who have actively worked to promote art andculture both in France and abroad.Al Qasimi remarked, ‘It is with great honour that I receive this award granted by the Embassy of France in the UAE. Theinsignia of Officer of the Order of Arts and Letters is a wonderful reflection of the collabora...
Artificial Intelligence Triumphs in World’s Most Sophisticated Autonomous Drone Race In Abu Dhabi
Technology

Artificial Intelligence Triumphs in World’s Most Sophisticated Autonomous Drone Race In Abu Dhabi

● AI Drone Beats Human Pilot in Most Sophisticated and Challenging Series set up byA2RL x DCL Autonomous Drone Championship, Marking a Breakthrough in AutonomousFlight Innovation● Over 2500 Spectators Watch Best Autonomous Drone Racers Battle it Out for $1MPrize Pool Across Four Cutting-Edge Race Formats,● Mavlab (TU Delft) Dominates the Championship with Three Wins in the AI GrandChallenge, AI Drag Race and AI Vs Human; TII Racing (Technology Innovation Institute,Abu Dhabi) Wins the AI Multi-Autonomous Drone Race The Abu Dhabi Autonomous Racing League (A2RL), part of the Advanced Technology ResearchCouncil (ATRC), in collaboration with the Drone Champions League (DCL), concluded the inauguralA2RL x DCL Autonomous Drone Championship in the Middle East, at ADNEC Marina Hall, AbuDhabi, UA...
Abu Dhabi Launches Life Sciences Cluster to Advance Healthcare Innovation Worldwide, tapping a $25.3 trillion market
Technology

Abu Dhabi Launches Life Sciences Cluster to Advance Healthcare Innovation Worldwide, tapping a $25.3 trillion market

Abu Dhabi’s new Health, Endurance, Longevity, and Medicine (HELM) cluster to bolsterlife sciences ecosystem in Abu Dhabi, cementing the emirate’s position as the leadingglobal hub for biotechnology, MedTech and digital health innovation The cluster is projected to contribute $25.6 billion to Abu Dhabi’s GDP, unlock 30,000new jobs, and attract $11.5 billion in investment by 2045Abu Dhabi, United Arab Emirates, 16 April 2025:Abu Dhabi has launched the groundbreaking life sciences cluster, reinforcing its position as aglobal hub for biotechnology, MedTech, and digital health. Developed by the Abu DhabiDepartment of Economic Development, Abu Dhabi Investment Office (ADIO) and theDepartment of Health – Abu Dhabi, the Health, Endurance, Longevity, and Medicine (HELM)cluster is designed to dri...
Dubai AI Week 2025 to Host World’s Largest Generative AI Championship with $272K Prize
Technology

Dubai AI Week 2025 to Host World’s Largest Generative AI Championship with $272K Prize

Dubai is set to unite the global AI ecosystem and advance its future-readiness during a bold exploration of how artificialintelligence is reshaping our world at Dubai AI Week, taking place April 21 to 25.The inaugural event will bring together over 10,000 participants, AI pioneers and policymakers from 100 countries toexplore AI’s transformative role in business, governance, and society.Featuring global championships, high-level summits, hackathons and an expo zone, the Week will set the stage for thefuture of global AI innovation.With collaboration being integral to the success of the global AI landscape, the event joins forces with key governmententities, global tech organisations and industry pioneers including Meta, IBM, Google, Microsoft, Gartner, OpenAI, Swift,Nvidia, Palantir, Coher...
Africa Tech Summit Returns to the London Stock Exchange to Drive Investment and Collaboration Amid Funding Shifts
Technology

Africa Tech Summit Returns to the London Stock Exchange to Drive Investment and Collaboration Amid Funding Shifts

The 9th Africa Tech Summit London will convene at the London Stock Exchange on 6 June 2025, reinforcing the critical role of London as a gateway for capital and partnerships in Africa’s continuously evolving tech ecosystem. This year’s summit comes at a pivotal time for the African tech landscape, as tech ventures across the continent experienced a decrease in gross funding, with $3.2bn secured in 2024 - a 7% decline year-on-year, according to Partech’s 2024 Africa Tech Venture Capital Report. The summit, kindly supported by the London Stock Exchange, Amazon Web Services, Flutterwave, Tola Mobile, 4G Capital and more, will host 350+ leaders, including founders, investors, and policymakers and feature keynotes, sector-focused panels, and fireside chats, alongside networking opportunities...
TECHAiDE unveils new version of ASANKA Platform
Technology

TECHAiDE unveils new version of ASANKA Platform

TECHAiDE, a tech -based education company,  has launched an upgraded version of its ASANKA platform, an offline smart learning device designed to bridge the digital divide. The ASANKA platform is a smart learning experience with Artificial Intelligence (AI) powered  tools designed to support seamless learning aligned with the Ghana Education Service (GES) curriculum. The new version of ASANKA offers two models and a device that allows up to 25 users to connect simultaneously to a single-user tablet.  Dr Clement Apaak, Deputy Minister of Education,  emphasized the government’s commitment to integrating technology into the educational sector. He acknowledged TECHAiDE’s contributions which had helped to establish digital libraries and supported learning initiat...
Digital payments economy in Africa expected to reach $1.5 trillion by 2030 according to new report
Technology

Digital payments economy in Africa expected to reach $1.5 trillion by 2030 according to new report

Mastercard commits to powering the continent’s growth, delivering meaningful scale and tangible impact • Commitment underpinned by strategic investments, public-private partnerships, and market innovation initiatives • Focus on enabling MSMEs, scaling cross-border payments, and empowering fintech companies Africa’s digital payments economy is set to grow from strength to strength according to a Mastercard-commissioned report by Genesis Analytics stating that the digital payments economy is expected to reach $1.5 trillion by 2030.  As a longstanding technology partner to Africa, Mastercard continues to strengthen its commitment to the continent’s digital growth through strategic investments, public-private partnerships, ...
Audi’s profits down by 33% amid weak demand, Chinese price wars
Technology

Audi’s profits down by 33% amid weak demand, Chinese price wars

Dark clouds can be seen behind flags with the Audi logo in front of the Audi Forum.Credit: Daniel Löb/dpa German luxury automaker Audi on Tuesday posted a sharp 33% drop in after-tax profits for 2024, falling to €4.2 billion ($4.6 billion). German luxury automaker Audi on Tuesday posted a sharp 33% drop in after-tax profits for 2024, falling to €4.2 billion ($4.6 billion). This is second significant decrease in a row for the Volkswagen subsidiary. It reflects declining business fortunes across the Audi group which includes brands such as Bentley, Lamborghini and Ducati.  Audi is responding to its current difficulties with thousands of job cuts, which the firm's leadership announced on Monday. Last year Audi - like many other car manufacturers - suffered from weak demand...
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