Tag Archives: Cybersecurity

AMA, Business, Technology

XTransfer’s CSO Speaks at Inclusive FinTech Forum 2026 in Rwanda

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KIGALI, Rwanda, 18 March 2026 -/African Media Agency(AMA)/ – XTransfer, the world’s leading B2B cross-border financial platform, was honoured to have its Chief Strategy Officer, Neil Ni, speak at the Inclusive FinTech Forum 2026 in Rwanda, underscoring the company’s growing expansion across Africa to deliver more inclusive financial services for SMEs engaged in international trade across the continent.

XTransfer’s CSO, Neil Ni (Left), speaks at the Inclusive FinTech Forum 2026 in Rwanda.

Neil joined the panel discussion, “Securing the Global Payments Highway: Cybersecurity for Real-Time Cross-Border Transactions” during the forum to share perspectives on how the industry can strengthen cybersecurity, anti-money laundering (AML) controls, and operational resilience as cross-border payments scale in speed and volume.

Drawing on XTransfer’s experience supporting SMEs in international trade, Neil noted that traditional B2B cross-border payments often pass through multiple correspondent banks, creating complex procedures, settlement delays and high costs that can strain SME cash flow. He shared that transfers can take several days to settle, and fees can materially impact businesses operating on tight margins, sometimes pushing SMEs toward unlicensed channels that raise compliance and transparency risks.

“As the industry scales, the challenge isn’t only transaction volume, it’s speed and trust,” Neil said. “To keep legitimate trade moving safely, risk and compliance must become more intelligent, consistent, and scalable.”

Neil shared that AI is now foundational to XTransfer’s risk and compliance capability. He highlighted TradePilot, XTransfer’s self-developed large language model (LLM) tailored for the global foreign trade financial sector, which helps identify suspicious patterns earlier, prioritise alerts, reduce false positives, and support more consistent decisions across markets, strengthening AML and compliance at speed.

Neil also discussed XTransfer’s accelerating expansion in Africa, noting more than 300% growth in the region in 2025 as SMEs seek faster and lower-cost ways to manage cross-border trade payments. He added that XTransfer is focused on working with ecosystem partners and regulators to support safer, more standardised cross-border information flows, one reason XTransfer is building X-Net, the industry’s first Unified Global B2B Trade Settlement Network and Risk Control Platform, to enhance interoperability and shared security standards across payment rails.

“Building resilience requires collective effort,” Neil added.

Distributed by African Media Agency (AMA) on behalf of Xtransfer

For more information, please visit Xtransfer’s official site: https://www.xtransfer.com
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AMA, Business, Technology

Huawei, Meralco, and SANXING Ningbo Launch Intelligent Distribution Solution and Lighthouse Initiative

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BARCELONA, Spain, 6 March 2026-/African Media Agency(AMA)/- During MWC2026, Huawei hosted a forum themed “Advancing All Intelligence, Empowering the Future Power System.” Together with Meralco (Philippines) and SANXING Ningbo, Huawei launched the Intelligent Distribution Solution (IDS) and announced a joint lighthouse initiative to advance power system development.

From left: Simon Zhou (General Manager of Overseas Marketing, SANXING Ningbo), David Sun (CEO, Huawei Electric Power Digitalization BU), Roque D. Bacani (Chief Information Officer, Meralco), and Perry Yang (Vice President, Huawei Optical Business Product Line) launching Huawei IDS

Communication, digitalization, and AI: Emerging cornerstones of future power systems that will accelerate the intelligent evolution of distribution networks

David Sun, CEO of Huawei’s Electric Power Digitalization BU, highlighted four drivers for energy transition: green energy and diversity, resilient grids, transparent distribution, and load electrification. He called for policy changes toward dispatch-market coordination. He also emphasized that communication, digitalization, and AI are becoming core production systems, requiring stronger capabilities in digital transformation, cybersecurity, and sustainable development.

At the forum, Mr. Sun unveiled the White Paper on Communication Target Networks for the Future Power System, introducing a pioneering architecture that features an intelligent and robust main network, integrated medium-voltage and transparent low-voltage networks, high-speed secure connectivity, and space-ground integration. The paper also outlines key tech trends, from optical and wireless to carrier and satellite communications, and underscores their transformative value.

Huawei highlighted its focus on intelligence and digitalization, working with industry players to drive power transformation. Global industry leaders also shared their insights: Al’Louise van Deventer (Technology and Engineering General Manager, Eskom) on future-ready digital practices; Momar Awa Sall (Transmission Grid Director, Senelec) on private wireless networks accelerating power modernization; Deniz COSKUN (Deputy General Manager, TEİAŞ) on restructuring communication networks for grid resilience; and Andy Liu (Overseas Solutions and Marketing Director, SANXING Ningbo) on the application of Huawei IDS.

Global industry leaders and partners join to explore the future of power systems

Power distribution networks are evolving from mechanized to automated and intelligent systems, driving technological and business model innovation. Despite creating new challenges for O&M, they have unlocked further opportunities for improving grid reliability and resource allocation.

At the forum, Huawei, Meralco, and SANXING Ningbo, unveiled the IDS that delivers four core capabilities—reliable communication, edge computing, cloud-edge collaboration, and low-voltage transparency—based on a cloud-pipe-edge-pipe-device architecture. It enables an intelligent low-voltage (400 V) distribution network with controllable line loss, visualized distribution rooms, and manageable renewables, transforming fragmented digital silos into open, integrated digital systems. The three companies also announced a lighthouse showcase initiative, sharing replicable and scalable digital transformation best practices.

Advancing digital and intelligent integration for a greener, more reliable grid

Communication, digitalization, and AI are at the heart of future power systems. Huawei will deepen R&D in digital, intelligent technologies, integrating advanced intelligence into power production. Together with global partners, Huawei is committed to developing with the power industry toward greater reliability, stronger security, and a low-carbon future.

Distributed by African Media Agency (AMA) on behalf of Huawei

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AMA, Business, Technology

Thales to recruit more than 9,000 new employees in 2026

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DOHA, Qatar, 18 February 2026-/African Media Agency(AMA)/- Thales, world leader in high technologies for Defence, Aerospace and Cybersecurity & Digital, plans to recruit more than 9,000 employees worldwide in 2026.

These hiring prospects follow the recruitment of 8,800 employees in 2025, exceeding the initially announced target of 8,000 new talent. Over the past 5 years, Thales has recruited at least 8,000 people per year to support the growth dynamics of its three business sectors.

In 2025, Thales received 1.4 million applications worldwide, exceeding its record of one million CVs received in 2024. The Universum ranking positioned Thales in first place amongst the most attractive employers for engineering school students in France (and second place in 2024).

Strengthening the diversity of teams and management committees remains a priority for the Group. In 2025, women accounted for 32% of all recruitments. 69% of the Group’s management committees are composed of at least 4 women and Thales aims to reach 75% in 2026.

In 2026, Thales plans to recruit 150 people in the Middle East and Africa with 60 in the United Arab Emirates and 30 in the Kingdom of Saudi Arabia.

In France, Thales will recruit 3,300 people, including 1,630 in the Ile-de-France, 290 in Brittany, 280 in Nouvelle Aquitaine, 270 in Provence-Alpes-Côte d’Azur, 250 in Occitanie, 220 in Centre-Val de Loire, 180 in Auvergne-Rhône-Alpes and 130 in Pays de la Loire.

In addition to the 9,000 external recruitments, and thanks to the variety of Thales’ three business sectors, roles and geographies, 3,500 employees will benefit from internal mobility. Additionally, the Group’s “Learning Company” approach, with more than 35 internal academies, will enable employees to develop their skills, thereby maintaining Thales’ expertise at the highest level worldwide.

Thales is committed to advancing the integration of people with disabilities, with an employment rate of over 7% in France in 2025.

Around 40% of new arrivals will be assigned to engineering (software and systems engineering, cybersecurity, artificial intelligence, and data) and 25% to industry (technician, operator and engineer positions).

Thales reinforces commitment to inspire and support young talent in Science, Technology, Engineering and Mathematics (STEM)

Thales is dedicated to fostering the careers of young people and places strong emphasis on welcoming apprentices and interns, particularly in France, where it will support 1,700 trainees and 1,600 apprentices from Bac+2 to Bac+5, as well as 1,000 third-year and 500 second-year students in 2026. For these young people, these opportunities serve as a stepping stone to future employment. In 2025, apprentices and interns accounted for 15% of Thales’ recruitment in France.

Through its “Vocation Makers” programme, Thales is actively engaging with young people ages 6 to 18 to spark their interest in science and technology. This is achieved through site visits and educational presentations in schools. In 2025, the Group met with 250,000 students worldwide, ranging from primary to high school levels.

In parallel, Thales has launched the STEM for All’s programme, a scholarship and mentorship initiative in partnership with the French Academy of Technologies. The programme is designed to support and inspire young students from disadvantaged backgrounds who aspire to pursue careers in STEM. In its inaugural year, 40 awards were given in France and Belgium, each including a €5,000 grant and one-year of mentorship from a Thales employee. In 2026, STEM for All will be expanded in 2026 to countries including the Czech Republic, Poland, Greece, Romania, Italy, Germany, the Netherlands, Brazil and South Korea.

“We take great pride in seeing Thales’ appeal grow stronger year after year. The talented individuals who join us are driven by a desire to contribute to the development of sovereign, innovative, and sustainable solutions that the world needs more than ever. Together, we shaping the future by inspiring an increasing number of young people, especially young women, to pursue careers in science and technology.”
Patrice Caine, CEO of Thales

Candidates interested in the positions available at Thales can find out more and apply online at https://www.thalesgroup.com/fr/candidat and here for STEM for All.

Distributed by African Media Agency (AMA) on behalf of Thales

About Thales
Thales (Euronext Paris: HO) is a global leader in advanced technologies in advanced for the Defence, Aerospace and Cyber & Digital sectors. Its portfolio of innovative products and services addresses several major challenges: sovereignty, security, sustainability and inclusion.
The Group invests more than €4 billion per year in Research & Development in key areas, particularly for critical environments, such as Artificial Intelligence, cybersecurity, quantum and cloud technologies.
Thales has more than 83,000 employees in 68 countries. In 2024, the Group generated sales of €20.6 billion.

The post Thales to recruit more than 9,000 new employees in 2026 appeared first on African Media Agency.

AMA, Business, Technology

Nigeria to Host 2026 RegTech Africa Conference & Expo Under the Patronage of the Office of the Vice President

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Conference to Convene Global Leaders on Building Trust, Infrastructure, Inclusion, and Policy
for a Borderless Economy

ABUJA, Nigeria, 02 February 2026-/African Media Agency (AMA)/-Preparations are underway for the 2026 RegTech Africa Conference & Expo (RACE 2026), Africa’s flagship platform on regulatory technology, digital innovation, and policy reform, scheduled to hold from 20–22 May 2026 at the State House Banquet Hall, Presidential Villa, Abuja.

The Conference will be held under the Patronage of the Office of the Vice President, Federal Republic of Nigeria, in partnership with the Presidential Committee on Economic and Financial Inclusion (PreCEFI), and in collaboration with the Inter-Governmental Action Group Against Money Laundering in West Africa (GIABA)—underscoring its strategic importance to Nigeria’s and Africa’s economic transformation agenda.

Anchored on the theme “Building Trust, Infrastructure, Inclusion, and Policy for a Borderless Economy,” RACE 2026 will convene regulators, policymakers, technology leaders, innovators, investors, and development partners to shape the future of Africa’s digital and regulatory landscape in an era of accelerating cross-border trade and financial integration.

As Africa advances the promise of the African Continental Free Trade Area (AfCFTA)—a single market of over 1.4 billion people and a projected value of US$3.4 trillion—the Conference will address one of the continent’s most pressing challenges: how to align technology, regulation, and policy to enable seamless, trusted, and inclusive economic activity across borders.

“RACE 2026 is positioned as a strategic policy and innovation platform—where technology-enabled regulation becomes a catalyst for trust, inclusion, and sustainable economic growth across Africa,” Cyril Okoroigwe, Chair Organising Committee.

A Platform for Regulatory Innovation and Economic Empowerment

The Conference will spotlight how RegTech, SupTech, artificial intelligence, digital identity, interoperable payment systems, cybersecurity, and data-driven compliance solutions can reduce friction, lower risk, and unlock opportunities for governments, businesses, startups, and citizens.

Key outcomes will focus on:

  • Building trust through technology-enabled regulation and smarter supervision
  • Strengthening digital infrastructure for interoperable payments, identity, and data exchange
  • Driving inclusion for SMEs, startups, women, and underserved populations
  • Modernising policy frameworks to support innovation while safeguarding financial integrity

High-Level Engagement and Global Participation

RACE 2026 will feature 50+ world-class speakers, 10 thematic tracks, and over 1,000 in-person and virtual participants from across Africa and the global financial and technology ecosystem. The hybrid event will include ministerial dialogues, regulators’ CEO forums, innovation showcases, and curated B2B and B2G networking sessions.

A major highlight will be the Global Startup World Cup – Regional Challenge, positioning Abuja as a launchpad for Africa’s most promising technology startups to compete on the global stage.

Speaking on the partnership, Dr. Nurudeen Abubakar Zauro, Technical Adviser to the President / Executive Secretary, Presidential Committee on Economic and Financial Inclusion (PreCEFI):

“The 2026 RegTech Africa Conference & Expo aligns strongly with Nigeria’s commitment to economic and financial inclusion. By bringing together regulators, innovators, and policymakers, the Conference provides a critical platform to harness technology and smart regulation as tools for trust-building, inclusion, and sustainable economic growth—both within Nigeria and across Africa.”

Call to Action: Registration and Partnerships

Attendance at the 2026 RegTech Africa Conference & Expo is strictly by registration, which is mandatory for all participants. Early registration is strongly encouraged due to limited capacity and high-level security protocols at the venue.

Organizations interested in partnerships, sponsorships, exhibitions, or strategic participation are invited to engage with the Organising Committee.

📩 Partnership & Sponsorship Enquiries:
Email: info@regtechafricaconference.com

🎟 Registration & Event Information:
🌐 Website: www.regtechafricaconference.com

Positioning Africa for a Borderless Future

Through strategic media engagement and the #BorderlessAfriconomy and #RACE2026 campaigns, the Conference aims to reshape global narratives—presenting Africa not as a high-risk market, but as a policy-aware, innovation-ready, and investment-attractive continent.

The 2026 RegTech Africa Conference & Expo is expected to play a defining role in advancing Africa’s journey toward borderless economic empowerment, where trust, technology, and policy work together to deliver shared prosperity.

Event Details:
📍 Venue: State House Banquet Hall, Presidential Villa, Abuja
📅 Date: 20–22 May 2026
🌍 Format: Hybrid (In-person & Virtual)
🔗 Website: www.regtechafricaconference.com

Distributed by African Media Agency on behalf of RegTech Africa.

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AMA, Business, Technology

Thales supports the Qatar Emiri Air Force in strengthening its air protection with the GM400α and the GM200MM/A radars air surveillance system

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  • Qatar has ordered GM200MM/A (Ground Master 200 Multi-Mission All-in-one) and GM400α (Ground Master Alpha) radars from Thales to enhance its airspace protection capabilities.
  • In addition to the radars, a national supervision and maintenance system will be delivered, as well as a training programme for operators and technicians.
  • Renowned for their reliability and efficiency, the Thales GM400α and GM200MM/A radars play an indispensable role in aerial surveillance and sovereignty around the world.
  • Thales has been a trusted partner of the State of Qatar for over 40 years, and supports the local economy and the country’s sovereignty through digital technologies in line with the Qatar National Vision 2030.
Signature during DIMDEX 2026

DOHA, Qatar, 28 January 2026-/African Media Agency(AMA)/-At the DIMDEX Exhibition in Doha, the Qatar Emiri Air Force signed an order for Ground Master 200 MM/A radars and Ground Master 400 Alpha radars, intended to strengthen the country’s airspace sovereignty.

The evolution of threats and conflicts in the airspace, particularly related to recent drone incursions, makes it essential for armed forces to have accurate and effective detection capabilities at all times means to process and take benefit of these new information and integrate the result into their national legacy systems. To address these critical issues, countries such as Qatar are increasingly investing in high-performance radars.

Easily deployable, Thales radars are essential assets for long-range and medium-range detection of all types of threats, regardless of the environment. The GM200 MM/A is an advanced aerial multi-mission radar, with outstanding performances on small targets, up to a distance of 350km. The GM400α offers superior situational awareness, with an unmatched tracking ability from low, slow, small to highly maneuvering threats, even in a dense clutter.

GM200 MM/A ©Thales

Benefiting from a Secure Digital Integration Platform (SDIP), a true force multiplier, the GM200 MM/A and GM400α radars provide an outstanding air picture with unequalled performance on difficult targets. This architecture also enables the preservation of a high-quality air picture with instant broadcasting, thanks to Secure network capabilities. The SDIP solution will allow the user to subsequently integrate all existing non-US sensors into a single Air Picture.

In addition to the radars, the Qatar Emiri Air Force will benefit from an experienced Thales local team which will be responsible for maintenance and operator training on a daily basis until 2036. With more than 200 Ground Master family radars sold worldwide, Thales proves once again that this solution is widely recognised for its performance and high level of reliability.

“We are proud to contribute to Qatar’s airspace sovereignty with our integrated air surveillance system based on our advanced medium and long-range tactical radars. The GM200 MM/A and the GM400α will support the Qatar Emiri Air Force in maintaining sovereignty and protecting their airspace against drones and other threats. This contract further demonstrates the enduring partnership between Thales and Qatar.”
Raphael Desi, Vice-President Integrated Airspace-protection Systems activities Thales.

Distributed by African Media Agency (AMA) on behalf of Thales

About Thales in Qatar
Thales has been a trusted partner of the State of Qatar for over 40 years, providing technologically advanced solutions for the Defence, Public Security, Civil Aviation, Space, Enterprise and Cybersecurity markets. Thales supports the local economy and the country’s sovereignty through digital technologies in line with the Qatar National Vision 2030.

About Thales
Thales (Euronext Paris: HO) is a global leader in advanced technologies in advanced for the Defence, Aerospace and Cyber & Digital sectors. Its portfolio of innovative products and services addresses several major challenges: sovereignty, security, sustainability and inclusion.
The Group invests more than €4 billion per year in Research & Development in key areas, particularly for critical environments, such as Artificial Intelligence, cybersecurity, quantum and cloud technologies.
Thales has more than 83,000 employees in 68 countries. In 2024, the Group generated sales of €20.6 billion.

The post Thales supports the Qatar Emiri Air Force in strengthening its air protection with the GM400α and the GM200MM/A radars air surveillance system appeared first on African Media Agency.

AMA, Business, Technology

Startup World Cup Regional Competition Comes to Abuja, to Drive Africa Innovation

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Applications Now Open for Africa’s Most Ambitious Startups to Compete for Global Recognition and $1 Million Prize

ABUJA, Nigeria, 19 January 2025-/African Media Agency (AMA)/-The 2026 RegTech Africa Conference & Exhibition is set to host the prestigious Startup World Cup Regional Competition in Abuja, marking a major milestone for Africa’s innovation and entrepreneurship ecosystem. Applications are now officially open for startups to register and participate in this globally renowned competition.

Organised in partnership with Pegasus Tech Ventures, the Startup World Cup is one of the world’s largest and most prestigious startup pitch competitions, bringing together the most promising innovators from across continents. The Abuja regional competition will identify a top startup, which will advance to the global finals for a chance to compete for $1 million in investment and gain unparalleled international exposure.

A Global Platform for African Innovation
The Startup World Cup Regional Competition at RegTech Africa Conference will provide startups operating across all stages and sectors—including fintech, regtech, payments, AI, cybersecurity, digital identity, e-commerce, healthtech, agritech, and climate tech—with a powerful platform to showcase their solutions before a distinguished audience of investors, regulators, corporate leaders, and global ecosystem partners.

Finalists will be invited to pitch live before a high-level jury comprising venture capitalists, industry leaders, and ecosystem experts, with the winning startup advancing to the global finals for the chance to win the $1 million grand prize.

Why Abuja, Why RegTech Africa Conference
As Africa’s leading platform for regulatory innovation and digital transformation, the RegTech Africa Conference & Exhibition convenes senior policymakers, regulators, financial institutions, technology companies, startups, and development partners from across Africa and beyond. Hosting the Startup World Cup within this setting creates a unique convergence of innovation, policy, capital, and market access, enabling startups to engage decision-makers who shape real-world adoption and scale.

Speaking on the announcement, Cyril Okoroigwe, CEO at RegTech Africa, said:
“Hosting the Startup World Cup Regional Competition in Abuja underscores our commitment to positioning Africa as a global innovation powerhouse. This is more than a pitch competition—it is a gateway for African startups to access global capital, partnerships, and visibility.”

Who Should Apply

  • The competition is open to:
  • Startups of all stages and industries
  • Founders building scalable, technology-driven solutions
  • African startups and international startups with a strong Africa focus

Evaluation Criteria

Judges will be assessing startups based on several factors, including how innovative and impactful the idea is, the strength of the team, and the overall presentation of the pitch. The competition seeks startups that solve real problems, meet market needs, and demonstrate the potential for significant growth. 

Don’t miss out on this exciting opportunity to take your startup to the next level and represent Africa on the global stage!

How to Apply
Applications for the Startup World Cup – Abuja Regional Competition are now open. Interested startups are encouraged to apply early via:
[https://regtechafricaconference.com/startup-worldcup/]

For partnership and sponsorship opportunities, contact: info@regtechafrica.com.

Distributed by African Media Agency on behalf of RegTech Africa.

About Startup World Cup
Startup World Cup is a global startup competition organised by Pegasus Tech Ventures, featuring regional events across more than 70 countries and culminating in a grand finale where regional winners compete for a $1 million investment prize.

About RegTech Africa
RegTech Africa is a leading platform dedicated to advancing regulatory technology across the African continent.

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AMA, Education, Technology

Yango Fellowship launches at 6 African countries, empowering the next generation of STEM leaders

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ABIDJAN, Côte d’Ivoire, 17 December 2025-/African Media Agency (AMA)/-Yango Group, a global tech company, has announced the next chapter of its Yango Fellowship; a program designed to unlock the potential of STEM talent across Africa. By providing mentorship, resources, and networks, the Fellowship helps participants turn ideas into solutions that benefit their communities. After successfully launching in Zambia and Ivory Coast, Yango is bringing the program to four more countries – Mozambique, Ethiopia, Ghana, and Senegal.

The expanded Yango Fellowship will provide financial support, expert guidance, and access to a cross-country community of Fellows working on impactful solutions for their communities. As the last years students of the programme landed prestigious internships that will help them achieve significant results in their future careers, in 2026 Yango is moving beyond country levels and builds to create a network of STEM professionals that will function after the conclusion of the year’s programme, defying borders and uniting aspiring young people from different African regions.

Across Africa, the demand for skilled scientists, engineers, and technologists far exceeds the number of graduates entering these fields. The World Bank estimates a shortage of more than 2.5 million STEM professionals needed to support sustainable economic growth across sub-saharan Africa. At the same time, Africa’s rapidly growing youth population faces a persistent skills gap: only 10–15% of young people have access to quality digital or technical training, and fewer than 5% gain experience in fields such as programming, data analysis, or cybersecurity.

With 10–12 million young people entering the labor market each year and only about 3 million formal jobs created annually, the need for practical STEM education, mentorship, and career pathways is urgent. By expanding the fellowship to new regions, Yango aims to help build a diverse, capable, and future-ready STEM workforce, empowering students to develop solutions for challenges faced by their communities. The program encourages collaboration, creativity, and leadership, while building a supportive alumni network that spans the continent.

Adeniyi Adebayo‏ – ‏Chief Business Officer at Yango Group, said: “Africa has an extraordinary pool of talent, who bring creativity, and problem-solving energy. The Yango Fellowship is a hands-on program designed to support these talents, connecting young innovators with the mentorship, resources, and knowledge they need to develop solutions that benefit their communities. This year, the program will be held at our African hub in Abidjan, and with its expansion to six countries, we can share expertise, learn together, and harness technology to make a real impact across the continent.”

The Fellowship has already delivered meaningful impact: past Fellows have launched community projects and became role models in their countries. Yango’s local hubs play a key role in mentoring Fellows, ensuring the program strengthens both talent and local ecosystems.

Beyond the Fellowship, Yango is driving digital innovation by partnering with universities and educational organizations across its markets, sharing expertise with young data scientists and IT students. Through programs like Urban Mobility Hackathons, participants tackle real-world traffic prediction challenges, gaining skills they can apply to improve their cities and communities. All of Yango’s youth initiatives are designed to empower participants with practical knowledge while creating tangible benefits for their local communities and countries.

Applications are now open to university STEM students aged 18–25 in all six countries. Interested candidates can apply until January 26, 2026, at yangofellowship.com.

Watch here testimonial videos of first cohort of Zambian STEM fellows.

Distributed by African Media Agency (AMA) on behalf of Yango

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AMA, Technology

Backbase and African Banker Publish Landmark Report on Next-Gen Banking Innovations: AI, Cybersecurity, and Segment-Based Banking in Africa

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LONDON, United Kingdom, 3 December 2025-/African Media Agency(AMA)/-Backbase, the leader in AI-powered banking, in partnership with African Banker magazine, has released the third edition of the Africa Digital Banking Experience Series 2025. The latest report, Next-gen Banking Innovations: AI, Cybersecurity & Segment-based Banking, reveals that Artificial Intelligence (AI) and cybersecurity are central to the digital transformation strategies of African banks, enabling them to achieve hyper-personalisation, drive growth, and manage escalating risks.

Drawing on insights from a survey of 203 senior banking executives across 40 African countries, the survey highlights a strong consensus among banking executives regarding the importance of AI in their medium-term strategies.

Key findings from the report include:

  • A vast majority of participating banks view AI as crucial, with 85.4% of respondents considering AI and AI-driven services as very or extremely important for improving operational efficiency and customer engagement over the next five years. 
  • The most common application of AI is in customer services, including virtual assistants and chatbots, cited by 64.8% of banks surveyed. Fraud detection (47.7%) and enhanced credit scoring/lending (45.3%) are also primary areas of deployment. 
  • A significant 81.5% of the banks consulted reported having experienced a cyber threat or attack over the past year. Phishing schemes and social engineering attacks, often powered by AI, are among the most common threats.
  • Banks are actively strengthening their defences, with 79.7% adopting enhanced cybersecurity measures and 67.2% increasing investment in cybersecurity infrastructure. Additionally, 60.9% have implemented real-time fraud detection systems.
  • Major challenges slowing AI implementation include the difficulty of integrating new technology with existing legacy systems (58.6%), high upfront implementation costs, the lack of skilled personnel, and concerns over data privacy and regulatory compliance.
  • Banks are moving beyond the traditional mass-market approach to deliver more individualized, meaningful experiences. This shift is driven by the need to meet the varied needs of a customer base that includes sophisticated mobile-first users and first-time digital users.

The report findings also signal that the African banking sector is at a decisive turning point. While regions like East Africa lead the way in integrating AI into digital strategies and North Africa prioritizes big data for enhanced security, the challenge of merging innovation with integrity is continent-wide.

Heidi Custers, Global Strategy & Transformation Director at Backbase, commented: “The most forward-thinking African banks are realising that growth and security are no longer separate strategies, they are two sides of the same digital coin. AI-driven engagement builds relationships; AI-driven security protects them. Segment-based banking ensures those experiences remain human, relevant, and inclusive.”

The full report is now available at https://www.backbase.com/insights/next-gen-banking-innovations-ai-cybersecurity-segment-based-banking

Distributed by African Media Agency (AMA) on behalf of Backbase

About Backbase

Recognized as a category leader by Forrester, Gartner, Celent, and IDC, Backbase powers the digital and AI transformations of over 150 financial institutions worldwide. See some of their stories here.

Founded in 2003 in Amsterdam, Backbase is a global private fintech company with regional headquarters in Atlanta and Singapore, and offices across London, Sydney, Toronto, Dubai, Kraków, Cardiff, Hyderabad, and Mexico City.

About African Banker

African Banker is the continent’s premier publication dedicated to banking and finance. Published quarterly, it provides in-depth coverage and authoritative insights into the major developments shaping Africa’s financial sector, from fintech and policy reform to investment trends and executive leadership. As a trusted partner of leading institutions, African Banker convenes key stakeholders through its awards, summits, and special reports.

Media Contact:
Stefan Maritz: stefanma@backbase.com

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AMA, Technology

Thales and AIO forge a new era of strategic cooperation – supporting Egypt in building its technological future with confidence and autonomy

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CAIRO, Egypt, 3rd December 2025 -/African Media Agency(AMA)/-Thales, a global leader in advanced technologies in advanced for the Defence, Aerospace and Cyber & Digital sectors, and Arab International Optronics (AIO) are proud to announce the reinforcement of their long-standing partnership, driving forward Egypt’s ambitions for technological sovereignty, innovation, and regional leadership.

  • For over 50 years, Thales has stood as a trusted partner of the Arab Republic of Egypt supporting the nation’s vision for growth and sovereignty. This reinforced collaboration is built upon this trust, leveraging the expertise of over 800 dedicated engineers and professionals to develop “Made in Egypt” solutions.
  • At the heart of this partnership, AIO and Thales will deepen their cooperation in 6 domains, including: the establishment of a Thales Training academy in Egypt and the cooperation with Thales entities in France, Great Britain, Belgium and Germany for defence solutions.
©Thales

The six domains of cooperation cover: 

  • Training: The creation of the Thales Academy in Egypt to develop the expertise of Egyptian Forces, government and civilian institutions in optronics, cybersecurity, Artificial Intelligence (AI), radio telecommunication and radar. The Thales Academy will feature a set of certified trainings delivered by Thales recognised experts and an extended cooperation between Egyptian and French universities.
  • Fire Control Systems (FCS): The development of an upgrade kit for heavy armoured vehicle, hence multiplying their efficiency on the battlefield, based on the expertise of AIO in Fire Control Systems (FCS) and the recognised excellence of Thales in optronics sighting solutions.
  • Remote Controlled Weapon Systems (RCWS): The development of laser guided rocket version of the well-known AIO X29 based on AIO expertise in RCWS and Thales expertise in laser guided rockets.
  • Surveillance: The procurement to Egypt armed forces of a combat proven solution based on Thales ground radar and Hand-Held Thermal Imager (HHTI). Managed by a unique command and control computer, this man-pack solution allows fast detection and identification of threats.
  • Service Centre: The development withing AIO premisses of a service centre dedicated to the support of Thales Hand-Held Thermal Imager deployed within the Egyptian forces.
  • Supply Chain: A deeper collaboration for the integration of AIO supplies and sub-assemblies into Thales supply chain that will benefit to both Thales and AIO. This collaboration will increase Thales product throughput and competitiveness, while allowing AIO to develop even further its industrial capabilities.

“With the reinforcement of this strong partnership with AIO, Thales in Egypt proud to contribute to the technological sovereignty of Egypt. By further anchoring Thales’ advanced solutions within Egypt, both our companies are committed to transforming Egypt into a regional technology hub, capable of supporting and exporting high-value, locally produced solutions to Egypt and other markets.” said Sherif Barakat, CEO Thales in Egypt.

Distributed by African Media Agency (AMA) on behalf of Thales.

About Arab International Optronics

Arab International Optronics (AIO) is a distinguished, longstanding national industrial pillar, strategically established by the Egyptian Armed Forces to meet the nation’s requirements across both military and civilian sectors by manufacturing essential optical and electro-optical equipment. Operating nine state-of-the-art factories

AIO is recognized as one of the region’s premier industrial strongholds in advanced electro-optical systems, including day, night, thermal, and laser technologies. 

Beyond its crucial role as a supplier to the Armed Forces—providing critical equipment like advanced optical/electro-optical devices, laser systems, precision electronics, remote control weapon systems, integrated systems, and fire control systems—the company also significantly supports the national economy by exporting high-quality products to allied nations, thereby generating vital hard currency.

About Thales 

Thales (Euronext Paris: HO) is a global leader in advanced technologies in advanced for the Defence, Aerospace and Cyber & Digital sectors. Its portfolio of innovative products and services addresses several major challenges: sovereignty, security, sustainability and inclusion.

The Group invests more than €4 billion per year in Research & Development in key areas, particularly for critical environments, such as Artificial Intelligence, cybersecurity, quantum and cloud technologies.

Thales has more than 83,000 employees in 68 countries. In 2024, the Group generated sales of €20.6 billion.

PRESS CONTACT 

Thales, Media relations

pressroom@thalesgroup.com 

The post Thales and AIO forge a new era of strategic cooperation – supporting Egypt in building its technological future with confidence and autonomy appeared first on African Media Agency.

AMA, Technology

Backbase and African Banker launch landmark report on the future of digital banking in Africa

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LONDON, United Kingdom, 8 August 2025-/African Media Agency (AMA)/- Backbase, the global leader in Engagement Banking, in partnership with the African Banker magazine, has launched the inaugural report in the Africa Digital Banking Experience Series 2025, a timely publication that explores the transformation of banking across the continent in an age of hyper-personalisation, AI integration, and financial inclusion.

The report “Retail banking: Competing for the modern African customer” is based on an exclusive survey of over 200 senior banking executives across 40 African countries. It provides a detailed, data-driven analysis of how African banks are shifting from traditional transactional models to AI-powered platforms that prioritise tailored customer journeys and operational efficiency.

Key findings from the report include:

  • Retail banking remains the main entry point for digital transformation, with 39% of banks prioritising it, followed by SMEs and corporate banking.
  • AI is becoming central to reaching the unbanked, with banks using alternative data and machine learning to de-risk credit and deliver scalable services beyond physical branches.
  • Operational efficiency, financial inclusion, and market share expansion are the top three digital priorities for African banks.
  • Banks are increasingly adopting omnichannel strategies, integrating online, mobile, and physical services to deliver seamless user experiences.

The biggest challenges remain digital literacy gaps (77%), cybersecurity concerns (55%), and limited internet access (52%), though all are expected to decrease with rising digital adoption and investment.

The report also features an in-depth case study of Mauritius Commercial Bank (MCB), showcasing how the Backbase Engagement Banking Platform enabled MCB to rapidly scale and launch new digital services, from SME banking to retail wealth apps, with high satisfaction scores and accelerated feature rollout.

Heidi Custers, Global Strategy & Transformation Director at Backbase said: “This report shows just how far African banks have come in rethinking the customer experience. What stands out is the shift from one-size-fits-all products to more thoughtful, data-driven services. It’s not about chasing trends—it’s about making digital banking work for real people, at scale.”

The full report is available for download now at https://www.backbase.com/insights/reports/african-digital-banking-report-competing-for-the-modern-african-customer

Distributed by African Media Agency (AMA) on behalf of Backbase.

About Backbase

Backbase is on a mission to re-architect banking around the customer. The company’s Engagement Banking Platform empowers financial institutions to accelerate their digital transformation and deliver frictionless, personalised customer experiences across all touchpoints. Founded in 2003 and headquartered in Amsterdam, Backbase supports over 150 financial institutions globally, helping them move beyond channel-based point solutions to true, customer-centric banking.

Learn more: www.backbase.com

About African Banker

African Banker is the continent’s premier publication dedicated to banking and finance. Published quarterly, it provides in-depth coverage and authoritative insights into the major developments shaping Africa’s financial sector, from fintech and policy reform to investment trends and executive leadership. As a trusted partner of leading institutions, African Banker convenes key stakeholders through its awards, summits, and special reports.

Press Contact

Backbase

Alexandros Papaioannou

press-relations@backbase.com

The post Backbase and African Banker launch landmark report on the future of digital banking in Africa appeared first on African Media Agency.