Digital Economy

stc Group posts impressive 9-month revenue growth - stc Group has reported impressive financial results for the first nine months of 2024, posting a revenue surge of $577.26 million to reach $15.03 billion, a 3.92% increase over the same period last year. Net profit hit $3.03 billion, marking an 11.9% growth year-over-year, excluding a one-time gain of $350 million. from the sale of Al Khobar land recorded in Q3 of 2023. - Read Story: https://lnkd.in/e8YpKyHC - - #DigitalEconomyMagNews #stcGroup #Telecom

On this Day in the History of Technology  - November 6, 1998 - Microsoft acquires the advertising company LinkExchange for $265 million. November 6, 2003 - Fedora Linux was introduced. November 6, 2007- Microsoft releases Family Safety to the public. - Here are what you need to know about them: - Microsoft Family Safety  - Did you know Microsoft Family Safety debuted with Windows Vista? This handy tool helped parents manage kids' screen time and online activities—revolutionary at the time! It evolved into Windows Live Family Safety in 2012. Fedora Linux - Born from the Red Hat legacy, Fedora Linux brought cutting-edge open-source tech to the world! Named after the hat in Red Hat’s logo, Fedora has been releasing new, innovative versions every six months, with Fedora 37 currently available. LinkExchange  - Started by the legendary Tony Hsieh, LinkExchange was an early internet advertising pioneer, acquired by Microsoft in 1998 for $265M. Its journey ended in 2007, but it paved the way for digital advertising as we know it today! - - #DigitalEconomyMag #OnThisDayInTechnologyHistory #Technology #Microsoft #FedoraLinux

Last Saturday, we gathered for the eighth edition of the Tech Innovation Award (#TIA) in #Lagos. Heartfelt congratulations to all the recipients for their dedication and contributions to the technology sector. Additionally, commendations are due to the organizers for orchestrating such an outstanding event to honor excellence. We look forward to another successful gathering next year!!!! #Digitaleconomy#Africa#Nigeria#Lagos#Baicells#5G#4G#DC#Broadband Akin Naphtal Ayotunde (Tunde) Coker Odunayo Sanya Dr Krishnan Ranganath (Krish) Gimba Mohammed Sara M. Pinheiro Temitope Osunrinde John Nwachukwu Zoracom Dr. Joy Smart Francis Nihinlola Mary Dolapo Kuye Otegbayi M.CIoD FNIMN Kenny Esan InstinctWave Group Digital Economy Ajibola Olude Association of Telecommunications Companies of Nigeria (ATCON)

Equinix appoints Wole Abu to lead West Africa - Equinix, a global leader in digital infrastructure, has named Wole Abu as Managing Director for its West African operations. Abu’s role includes overseeing Equinix’s business across Nigeria, Ghana, and Côte d’Ivoire, with a focus on fostering local connectivity, collaborating with multinational partners, and spearheading expansion efforts. This move aims to strengthen Equinix’s digital infrastructure footprint in the region. - Read Story: https://lnkd.in/ewjVQjci - - #DigitalEconomyMagNews #Equinix #Appoinments

NVIDIA expands AI ambitions in healthcare; aims to transform hospitals with robotics - Nvidia, a leader in artificial intelligence, is expanding its presence in healthcare with ambitious plans to bring AI-driven robotics, or “physical AI,” to hospitals nationwide. The technology giant envisions a future where robots assist in various hospital tasks, from X-ray operations to linen delivery, part of Nvidia’s broader push to dominate the advanced robotics market. - Read Story: https://lnkd.in/e3r2JfRi - - #DigitalEconomyMagNews #Nvidia #HealthcareAI #Robotics

MTN SA, Huawei set World record with new microwave tech - MTN South Africa (MTN SA) and Huawei have successfully launched the world’s first commercial deployment of the pioneering SDB IBT 2D microwave solution in Johannesburg. This advanced solution, utilizing Super Dual Band (SDB) and two-dimensional intelligent beam tracking (IBT 2D), is designed to prevent link stability issues in dual-band settings, offering unprecedented resilience against challenges such as pole shaking. - Read Story: https://lnkd.in/eYx_Ve8y - - #DigitalEconomyMagNews #MTNSA #Huawei #MicrowaveTech

Ghana launches 5G; paves way for a digitally inclusive future - Ghana has taken a monumental step toward digital transformation with the launch of 5G technology, an advancement expected to revolutionize sectors across the nation. This significant milestone was unveiled over the weekend, with President Nana Addo Dankwa Akufo-Addo leading the announcement alongside key stakeholders from the tech and telecom industries. - Read Story: https://lnkd.in/eZW4XBkG - - #DigitalEconomyMagNews #Ghana #5G #DigitalInclusion

Moniepoint secures $110M to expand financial access in Africa - African fintech, Moniepoint Group just closed $110 million in new financing, which landed Google’s Africa Investment Fund as a new investor. Development Partners International’s African Development Partners (ADP) III fund led the Series C round. Other investors, including African private equity firm Verod Capital and existing investor Lightrock, participated. - Read Story: https://lnkd.in/eyxe769b - - #DigitalEconomyMagNews #Moniepoint #Africa

Ken Njoroge’s quote speaks volumes about the pioneering spirit that drives technological innovation in Africa. This mindset is particularly relevant to the continent’s tech entrepreneurs, who often face unique challenges, from limited infrastructure to funding constraints. Rather than letting these obstacles deter them, African tech leaders like Njoroge have embraced the "leap of faith" approach—taking bold steps to develop solutions that succeed locally and position Africa as a hub for digital growth. As African technology continues to evolve, Njoroge’s words remind us that progress often begins with one bold step. Embracing the unknown has allowed African tech entrepreneurs to build solutions with global impact, illustrating how faith in one’s vision can lead to transformative outcomes across the continent. - - #DigitalEconomyMag #MondayMotivation #BePositive

Rewarding Digital Innovation: Get ready to be inspired by the leaders who have made a mark at the Tech Innovation Awards (TIA) 🤩 😍 Be part of the 8th edition of the Tech Innovation Awards (TIA) TIA honours visionary organizations, individuals, governments, and private sector pioneers driving digitization forward. Celebrating groundbreaking products and innovative services, these trailblazers are revolutionizing the future of technology. - 𝗙𝗼𝗿 𝗺𝗼𝗿𝗲 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻: 𝗖𝗮𝗹𝗹: +44 777 510 9698 or +234 806 360 3521 or visit https://lnkd.in/eAN-dBkw - 𝗕𝗼𝗼𝗸 𝘆𝗼𝘂𝗿 𝘁𝗮𝗯𝗹𝗲 𝗻𝗼𝘄 and be part of this prestigious event. - Get ready for an unforgettable adventure at TIA 2024! 🚀 - - #DigitalEconomyMag #TIAwards2024 #Innovation #Technology #DigitalAwards #DigitalTransformation - - ipNX Nigeria Limited | Chowdeck | Huawei | Open Access Data Centres (OADC) | Ayotunde (Tunde) Coker | Azeez Amida | Ladi Okuneye | Reuben Muoka | Deepak K Mehta | Errol Ambler-Smith | Dapo Otunla | Akeem Oluwamayowa Ogunkoya | Tunji Alabi | Ifeanyi AKOSIONU | Kazeem Tewogbade | Uwa Agbonile | Elo Umeh | Dee Abudu | Folasade Femi-Lawal (FCA,FCIT,MBA) | Ogo Ofomata | Chuks Anakudo | Broadbased Communications | Moniepoint Nigeria | Glovo | Infobip | OPay | Shola Akinlade | Temie Giwa - Tubosun | Adebayo Salami | Arnergy | Segun Dada (Engr.) | Payaza Africa Limited | Routelink Group | Piggyvest | Cowrywise