ICAO reveals how African aviation industry can flourish

ICAO reveals how African aviation industry can flourish

ICAO reveals how African aviation industry can flourish     Africa has 731 airports and 419 airlines with an aviation industry that supports around 6.9 million jobs and $80 billion in economic activity. The International Air Transport Association (IATA) equally alluded to the fact that the continent is set to become one of the fastest growing aviation regions in the next 20 years with an annual expansion of nearly five per cent. To buttress the claim, the International Civil Aviation Organisation (ICAO) Secretary- General, Dr. Fang Liu, has highlighted the…

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Global Public Cloud Revenues to hit Over $500bn by 2023

Global Public Cloud Revenues

Global Public Cloud Revenues to hit Over $500bn by 2023   The COVID-19 and the shift to remote work and video conferencing have accelerated moves to the cloud in 2020, with the global public cloud revenues rising annually by more than $55 billion. However, the following years are set to witness even more impressive growth, with revenues hitting a new benchmark. In 2021, the global public cloud revenues are expected to jump by another 25 per cent and hit $338 billion, revealed the Statista survey. The impressive revenue growth is…

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Microsoft and Amazon claim 65% of 47.5bn quarterly revenue of top 5 cloud vendors

Microsoft and Amazon claim 65% of 47.5bn quarterly revenue of top 5 cloud vendors

Microsoft and Amazon claim 65% of 47.5bn quarterly revenue of top 5 cloud vendors     The cloud computing industry continued its impressive growth in 2021, bringing huge profits for the market’s largest players. According to data presented by StockApps, the world’s five largest cloud vendors hit $47.5bn in quarterly revenue and Microsoft and Amazon generated 65 per cent of that value. Amazon Azure`s Quarterly Revenue Jumped by 50% YoY, AWS up by 32% YoY Today, billions of people use cloud storage to manage and store private data. However, its…

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Global startup funding surpasses $292bn in H1 2021

Global startup funding surpasses $292bn in H1 2021

Global startup funding surpasses $292bn in H1 2021     Spikes 157% in Q2 to Surpass $150B The global startup funding has skyrocketed in recent quarters hitting new historical levels despite the economic effects of the coronavirus pandemic. The recent funding shows that the sector has recovered from the health crisis. According to data acquired by Finbold, the global startup funding spiked 157per cent between 2020 Q2 and 2021 Q2 from $60.7 billion to a record $156.2 billion. During the first half of 2021, the funding stood at $292.4 billion. In…

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Special warning for financial institutions amidst waxing malware attacks – Kaspersky

Special warning for financial institutions amidst waxing malware attacks – Kaspersky

Special warning for financial institutions amidst waxing malware attacks – Kaspersky     With digital transformation a top priority on the corporate agenda as companies identify new ways to grow their business, cyber attackers and opportunist cybercriminals remain very active. And although Africa is not necessarily considered a focus area for the more sophisticated types of cybercriminal activity such as targeted attacks or advanced persistent threats (APTs), the continent is certainly not immune to these or other types of cyber risks, warn Kaspersky researchers. When looking at the general cyber threat…

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How 6 finalists will emerge from global talents reality show of FirstBank

000-ton rice mill expansion

How 6 finalists will emerge from global talents reality show of FirstBank     Six finalists are expected to emerge through the viewers votes following the second live show of the FirstBank Sponsored The Voice Nigeria Season 3. UN1TY Limited and Livespot360, producers of the global talents reality series, explained how to vote on the voice Nigeria season 3, sponsored by FirstBank, Baba Ijebu and Airtel. To keep their favourite vocalists on the show, viewers have to dial *894*7*talent’s code#. To know the voting code of your preferred contestant to save, visit the…

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Nigerian e-commerce firm releases new app for shipping

Nigerian e-commerce firm releases new app for shipping

Nigerian e-commerce firm releases new app for shipping     Red Star Express Plc has introduced a mobile application called ‘Click&Ship’ to improve its e-commerce service. The company said the innovation was one in a long list of developments aimed at making its service more accessible to its customers. The Chief Executive Officer, Dr Sola Obabori, said this during a media chat ordanised by the company. He said, “At Red Star Express Plc, we have worked hard to reinforce our services in the e-commerce space. “The emergence of the new…

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YouTube Shorts arrives in Nigeria

YouTube Shorts arrives in Nigeria

YouTube Shorts arrives in Nigeria   YouTube has announced the arrival of the beta version of YouTube Shorts in Nigeria, the company’s new short-form video experience to create short, catchy videos from mobile phones. First announced in September 2020, YouTube has since expanded Shorts to 26 countries and will now be available across more than 100 countries around the world where YouTube is available. While short form videos were already viewable in the platform, users in Nigeria will be able to access for the first time Shorts’ creation tools which…

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AfCFTA: Minister allays fear of turning Nigeria to dumping ground

AfCFTA: Minister allays fear of turning Nigeria to dumping ground

AfCFTA: Minister allays fear of turning Nigeria to dumping ground     The African Continental Free Trade Agreement (AfCFTA) would not allow products without identification of origin for exportation. The Minister for Industry, Trade and Investment, Mr Niyi Adebayo, who stated this during a two-day tour to Delta State, assured that Nigeria would not be a dumping ground for unidentified products from other African countries when AfCFTA is activated. The minister, represented by the Director of Trade in the ministry, Aliyu Abubakar, said AfCFTA provided a platform to ensure that…

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Bitcoin will plunge to $25,000, says JPMorgan

Bitcoin will plunge to $25,000, says JPMorgan

Bitcoin will plunge to $25,000, says JPMorgan     JPMorgan Chase’s analysts have said that bitcoin price will decline to the $25,000 level before longer momentum will signal capitulation. They expect the cryptocurrency market to soon begin the process of healing, but expect further sell-offs before capitulation. Bitcoin price stood at $34,568.39 at 10:42 pm today, Wednesday June 30, according to CoinMarket. According to news.bitcoin.com, the analysts, including Josh Younger and Veronica Mejia Bustamante, recently wrote about the outlook of the cryptocurrency market in a note. They explained that the…

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