Facebook to open Nigerian hub next year in African tech drive
Businessam Staff
November 22, 2017
Facebook will open a “community hub space” in Nigeria next year to encourage software developers and technology entrepreneurs and become the latest technology giant to pursue a training programme in fast-growing Africa. The U.S. social media company said the centre, according to Reuters, would host an “incubator programme” to help develop technology start-ups, while it […]
Search for Africa’s top Fintech talent begins as Honneywell launches Itanna
Businessam StaffNovember 20, 2017
The Honeywell Group in partnership with the African Economic Revolution Fund (AERF) has launched Itanna, innovation programme where Africa’s top talent can bring their ideas, visions, expertise, and resources to create a new wave of revolutionary enterprises that stimulate economic growth across the continent. Itanna is a key component of the Honeywell Group’s innovation strategy […]
IBM uses technology behind bitcoin to help businesses in countries with weak banking systems
Businessam StaffOctober 17, 2017
IBM is using the technology behind bitcoin to help farmers and other small businesses in underdeveloped countries participate in global trade. IBM announced the project on Monday, in partnership with fintech startups Stellar.org and KlickEx Group. The companies will use IBM’s blockchain technology to process financial transactions across borders and currencies — a process which is often […]
How is AI disrupting financial industry
Businessam StaffSeptember 18, 2017
Artificial intelligence (AI), along with other financial technology (fintech) innovations, are significantly changing the ways that financial business is run, especially in the fields like trading, insurance, and risk management, leading the traditional financial industry into a new era. Back in 2000, Goldman Sach’s New York headquarters employed 600 traders, buying and selling stock on […]
Ford Motor Co. leader shares how VR helps steer business
Businessam StaffSeptember 7, 2017
Virtual reality is increasingly being applied to more than just video games and entertainment, and Ford Motor Co. is one example of how the technology can improve business deals. Elizabeth Baron, virtual reality and advanced technical specialist for Ford Motor Co. (NYSE: F), at the Florida Simulation Summit in Orlando on Sept. 7, explained to a crowd of business […]
Burger King launches WhopperCoin crypto-cash in Russia
Businessam StaffAugust 29, 2017
Fast-food chain Burger King has launched its own cryptocurrency, called WhopperCoin, in Russia. Customers will be able to claim one coin for every rouble (0.75p) they spend on the Whopper sandwich. According to BBC, Russians will be able to buy a Whopper with the virtual cash, once they have amassed 1,700 whopper-coins. The company said […]