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Tuesday, 28 February 2023
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Supported By
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Good morning!
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On top of today's news is the BVAS, which many Nigerians had looked at with some apprehension. Malfunctions, mishaps and theft of BVAS machines throughout the election have presented new questions that threatened the very credibility of INEC itself as the Nigerian election remains underway. International bodies said that INEC lacks transparency. In other news, Moove drivers are not relenting as they protest high-interest rates.
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Below are the tech stories and news you need to know to start your day, carefully curated by Technext.
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Summary of the news
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- Moove drivers continued their protest against high-interest rates
- Snap has announced My AI, an OpenAI-powered chatbot
- Financial Action Task Force (FATF) has placed Nigeria on its grey list
- International bodied said INEC lacks transparency over BVAS malfunction
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Ecosystem
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- Moove drivers have continued their protest against high prices as Technext reported earlier. A new report from TechCabal highlights that the same vehicles sold for ₦6.2 million in Ghana are sold for ₦9.9 million in Nigeria by Suzuki. Moove then rents them out to the drivers in Nigeria for ₦11.7 million for which they have to pay a daily remittance rate of ₦9,400. Now the drivers are saying the prices must be slashed.
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Policy
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- BVAS malfunctions and mishaps dominated the news cycle in Nigeria all through yesterday, leading to multiple international bodies branding INEC untransparent, according to Premium Times. Channels also report that a lecturer was arrested for possessing 17 BVAS machines. In Kogi, the Guardian Nigeria reports that results from 11 polling units were cancelled because the INEC official struggled to operate the machine.
- The global watchdog for money laundering and terrorist financing, the Financial Action Task Force (FATF), has placed Nigeria on its grey list alongside Turkey, the United Arab Emirates, South Sudan, and Haiti. Countries placed on the grey list are subjected to increased monitoring and are actively working with the FATF to counter the shortcomings of their laws, TechCabal reports.
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In our Twitter Space at 6 pm on the 1st of March 2023, tagged “Women in Tech: Moving with Audacity; A guide to breaking barriers and biases," six phenomenal African women driving tech's digital transformation will share how they're thriving in the African tech space despite all the barriers stacked against women in the scene, like funding gaps and unconscious bias.
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Come learn from their audacity and contribution to the global tech scene.
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Click here to set a reminder so you don't miss the Space!
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Social Tech
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- Metaverse creator Neal Stephenson says that virtual reality can't go far without more activities catering to a wider audience. "There won’t be a metaverse that is used by millions of people until it contains experiences that millions of people find worth having, and making those experiences is quite difficult," he told the Financial Times.
- Spotify announced yesterday that it is consolidating the heart and the “Add to playlist” icons into a single plus button, allowing users to save all songs, albums, playlists, audiobooks, podcasts or episodes to their library with one tap, TechCrunch reports.
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Global News
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- Nokia has revealed a new logo in a bid to distance itself from its phone-making past as it focuses on more B2B products, Technext reports. The company also disclosed strategies for faster growth as the world increasingly adopts fifth-generation mobile technologies.
- Snap announced yesterday that it’s rolling out an OpenAI-powered chatbot named My AI to its Snapchat+ subscribers. CEO Evan Spiegel says it’s just the beginning of the company’s generative AI plans, The Verge reports.
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Latest in funding
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Polygon is a decentralised Ethereum scaling platform that enables developers to build scalable user-friendly dApps with low transaction fees without ever sacrificing security.
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Other stories we are following
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