* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, July 9, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

    Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Magicians and Battlebots light up Las Vegas entertainment scene – KSNV

    Magicians and Battlebots Take Las Vegas Entertainment by Storm

    Max-Matching Entertainments & Longhua District form partnership for new entertainment complex – Blooloop

    Max-Matching Entertainments and Longhua District Unite to Launch Thrilling New Entertainment Complex

    Kennedy Publishing, MGA Entertainment Launch Yummiland Magazine – License Global

    Kennedy Publishing, MGA Entertainment Launch Yummiland Magazine – License Global

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    Technology And Construction Names Join Top Stock Lists: Check Out Additions To IBD 50, Big Cap 20 And More – Investor’s Business Daily

    Technology and Construction Leaders Surge Into Top Stock Rankings: See the Latest Additions to IBD 50, Big Cap 20, and More

    Column: Teach kupuna new technology skills – Honolulu Star-Advertiser

    Empowering Kupuna: Unlocking New Technology Skills for a Connected Future

    EIFO invests $5 million in D3, the Ukraine-focused defence technology venture fund – sUAS News

    EIFO Pledges $5 Million to Supercharge Ukraine-Focused Defense Technology Fund

    New Technology for Water Efficiency and Working with Mexico on Screwworm – AG INFORMATION NETWORK OF THE WEST

    Revolutionary Water Efficiency Technology and Cross-Border Collaboration to Defeat Screwworm

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

    Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Magicians and Battlebots light up Las Vegas entertainment scene – KSNV

    Magicians and Battlebots Take Las Vegas Entertainment by Storm

    Max-Matching Entertainments & Longhua District form partnership for new entertainment complex – Blooloop

    Max-Matching Entertainments and Longhua District Unite to Launch Thrilling New Entertainment Complex

    Kennedy Publishing, MGA Entertainment Launch Yummiland Magazine – License Global

    Kennedy Publishing, MGA Entertainment Launch Yummiland Magazine – License Global

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    Technology And Construction Names Join Top Stock Lists: Check Out Additions To IBD 50, Big Cap 20 And More – Investor’s Business Daily

    Technology and Construction Leaders Surge Into Top Stock Rankings: See the Latest Additions to IBD 50, Big Cap 20, and More

    Column: Teach kupuna new technology skills – Honolulu Star-Advertiser

    Empowering Kupuna: Unlocking New Technology Skills for a Connected Future

    EIFO invests $5 million in D3, the Ukraine-focused defence technology venture fund – sUAS News

    EIFO Pledges $5 Million to Supercharge Ukraine-Focused Defense Technology Fund

    New Technology for Water Efficiency and Working with Mexico on Screwworm – AG INFORMATION NETWORK OF THE WEST

    Revolutionary Water Efficiency Technology and Cross-Border Collaboration to Defeat Screwworm

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

From regulatory ripples to cyberattacks: A reflection on Africa’s tech ecosystem in Q2 2023

August 12, 2023
in Technology
From regulatory ripples to cyberattacks: A reflection on Africa’s tech ecosystem in Q2 2023
Share on FacebookShare on Twitter

Image source: Telecom Review Africa

In Q1 2023, Artificial Intelligence took centre stage globally and particularly in Africa, as the sector yielded Africa’s biggest acquisition of all time in a mega deal worth $682 million. However, the second quarter of 2023 took a different turn, according to research findings by TechCabal Insights. Venture funding grew a little higher than the previous quarter with energy startups dislodging fintechs. Several African governments also began to pay attention to regulatory activities that dominate the tech space, with Nigeria and Kenya at the forefront.

In Q2 2023, venture funding increased from US$ 857 million in Q1 to US$916.4 million in Q2, nearly crossing US$1 billion and totalling a  6.9% increase from the last quarter. This was driven by two mega deals: M-Kopa securing $255 million in a debt-and-equity financing round and SunKing’s $130 million securitisation deal in May 2023. 

Although there was a decline in the number of funding deals compared to the last and corresponding quarter, we have seen a trend of quality investments and deals as well as growth from startups in East Africa as Kenya jumped to the top in terms of funding position to secure an impressive $462.4 million, with Nigeria following distantly at $149.3 million. 

“The downsizing of deals is important to building a more mature and structured ecosystem for Africa. Startups have become more margin-conscious and pay attention to the fact that investors now prioritise scalability, unit economics, and capacity,” said Leslie Ossete, co-founder and COO at Mstudio at the launch of The State of Tech Report Q2 2023 on Friday, August 4, 2023.

One of the most noteworthy trends in Q2 2023 was the shift in the venture funding landscape, as fintech startups no longer receive the largest chunk of investment. Instead, energy-focused startups took the lead, securing an impressive $486.9 million to represent 53% of the total funding in the quarter. This implies that while innovation around payment or digital financial services remains attractive on the continent, Africa’s energy needs are beginning to gain investor attention, considering the gap in energy consumption across the continent.

While there has been a general increase in the environmental and climate consciousness globally, we have also seen an increase in regulatory policies which has served as a major driver for investment and innovations in the cleantech and energy sector. For example, Nigeria signed an electricity bill in 2023 that provides a framework for the generation, transmission, and distribution of electricity. The bill also provides incentives for private investors to create a viable market that would drive investment, improve electricity access, and foster economic growth. Like Victoria Oloni, an associate at Templars said: “If a sector is going to experience a boom, it starts with regulatory policies that make it attractive for investment to come into the space.” 

The surge in digital financial services adoption across Africa has brought about an increase in cyber fraud risks. For instance, MTN’s mobile money service sued 18 Nigerian banks after a $53.7 million loss to mobile money fraud. Union54, a Zambian fintech, paused operations due to an attempted $1.2 billion chargeback. We also witnessed other cyber fraud activities with financial institutions like Flutterwave, Heritage Bank, Globus Bank, and even one of  Africa’s biggest streaming platforms- Showmax.

These incidents highlight the pressing need for enhanced cybersecurity to protect user information and financial assets amidst Africa’s expanding digital finance landscape. Emeka Ajene, founder at Afridigest advised: “It is important for startups to start thinking around optimising their products against cyber fraud early rather than later.”

Although the year began with a lot of scepticism about funding in Africa’s startup ecosystem, the performance so far has sharply contrasted it. With each passing quarter, the African tech ecosystem evolves and adapts, continually pushing boundaries and redefining what is possible despite various challenges. By ensuring more stakeholder engagement and collaboration on the implementation of policies, we will begin to see unparalleled growth across Africa’s diverse tech ecosystem.

To get valuable insights into the state of tech in Africa in Q2 2023, download the report here.

Get the best African tech newsletters in your inbox

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : TechCabal – https://techcabal.com/2023/08/11/from-regulatory-ripples-to-cyberattacks-a-reflection-on-africas-tech-ecosystem-in-q2-2023/

Tags: RegulatoryRipple’stechnology
Previous Post

Inside ChowCentral: Y Combinator’s latest food delivery bet in Africa

Next Post

Kenya police seize Worldcoin equipment

Musk says he is forming new political party after fallout with Trump – CNN

Musk says he is forming new political party after fallout with Trump – CNN

July 9, 2025
Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

July 9, 2025
Racketeering charges likely in death of sports reporter Adan Manzano – fox8live.com

Racketeering charges likely in death of sports reporter Adan Manzano – fox8live.com

July 9, 2025
A Research Framework for Water Health Clinical Diagnosis System in China | Newswise – Newswise

Revolutionary Research Framework Transforms Water Health Clinical Diagnosis in China

July 8, 2025
I Spent $88.03 at American Science and Surplus – Milwaukee Magazine

I Spent $88.03 at American Science and Surplus – Milwaukee Magazine

July 8, 2025
Scientists burned, poked and sliced their way through new robotic skin that can ‘feel everything’ – Live Science

Scientists Test Revolutionary Robotic Skin That Can ‘Feel Everything’ Through Burning, Poking, and Slicing

July 8, 2025
Study of Environment, Lifestyle and Fibroids (SELF) – National Institute of Environmental Health Sciences (.gov)

Study of Environment, Lifestyle and Fibroids (SELF) – National Institute of Environmental Health Sciences (.gov)

July 8, 2025
Fluminense vs Chelsea LIVE on DAZN: Semi-final underway in New Jersey – dazn.com

Fluminense vs Chelsea LIVE on DAZN: Semi-final underway in New Jersey – dazn.com

July 8, 2025
Supply chain careers delivering high pay, purpose in a shifting economy – Supply Chain Management Review

Supply chain careers delivering high pay, purpose in a shifting economy – Supply Chain Management Review

July 8, 2025
Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

July 8, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (711)
  • Economy (736)
  • Entertainment (21,624)
  • General (15,785)
  • Health (9,773)
  • Lifestyle (741)
  • News (22,149)
  • People (736)
  • Politics (745)
  • Science (15,953)
  • Sports (21,235)
  • Technology (15,720)
  • World (717)

Recent News

Musk says he is forming new political party after fallout with Trump – CNN

Musk says he is forming new political party after fallout with Trump – CNN

July 9, 2025
Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

July 9, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version