A subsidiary of Amazon providing on-demand cloud computing platforms and APIs to individuals, companies, and governments.
CBN data localisation push raises concerns among fintech executives
The CBN's directive requires all payment-related data to be stored and processed within Nigeria by January 2027. Fintech executives express concerns about the local data ecosystem's readiness to handle the migration of payment data.
Safaricom’s New Innovation Strategy: AI, Fintech, and the Future of Kenya’s Tech Ecosystem
Safaricom is investing $500 million to transform into a tech leader by 2030. M-Pesa upgrades include AI-powered fraud detection with 89% accuracy and transaction speeds of up to 12,000 per second.
AWS outage shows even “decentralised” Web3 startups rely on centralised infrastructure
Amazon Web Services experienced a network outage that disrupted a third of the internet, affecting various sectors. Web3 startups Azza and AZA Finance faced transaction processing disruptions due to the AWS outage.
How to Scale Your Startup Across Africa: Lessons from Founders Who Did It
Founders must tailor strategies to each region, recognizing that Africa is not a single market. Building resilient systems that accommodate multiple currencies, languages, and offline functionality is crucial.
Ghanaian startups face higher costs as AWS introduces 21% tax
AWS will implement a 21% tax on cloud services for customers in Ghana starting March 1, 2025. The tax includes a 15% Value Added Tax (VAT) and an additional 6% in levies.
