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TECH ROUNDUP: Eyowo denies reports about sack of staff



TECH ROUNDUP: Eyowo denies reports about sack of staff
  • Eyowo denies shutting down, claims it is pivoting and laying off 11% of its workforce

  • Alphabet bets on lasers to deliver internet in remote areas

  • Central Bank of Somalia unveils Unified National Quick Response Code standard

  • KCB and Ecobank signed with the Pan-African Payment and Settlement System (PAPSS)

  • Adobe says it will pay for copyright claims from Firefly usage

Eyowo claims it is not shutting down, rather, it is pivoting into a financial technology platform that provides “financial connectedness and intelligence for everyday money and living choices to everyone with a smartphone“.

Egypt-based Acasia Ventures, the venture capital investment arm of Acasia Group, has opened a new office in Lagos, Nigeria, in a bid to extend its reach across the African continent and connect with founders and stakeholders on the ground.


Alphabet, through Taara (nicknamed Moonshot Factory), is delivering internet service to remote areas by using beams of light. Taara is helping to link up internet services in 13 countries so far including Australia, Kenya, and Fiji.

Also Read: TECH ROUNDUP: Flutterwave, Microsoft announces new partnership

Nigeria’s top commercial banks, United Bank of Africa (UBA), and Access Holdings top the list of banks in e-business revenue in Q1 2023. Cumulatively, Nigeria’s banking sector generated ₦‎96.483 billion in e-business revenue in Q1 2023, a 23.84% rise over the prior quarter.

The Central Bank of Somalia (CBS) unveiled a Unified National Quick Response Code standard. The QR code standard will be known as the Somali Quick Response Code (SOMQR).

Two African Banks, KCB and Ecobank, signed with the Pan-African Payment and Settlement System (PAPSS). The move will enhance cross-border payment across Africa.




Speaking at the International Hybrid Symposium on Smart Agriculture 2023, Kashifu Inuwa, the Director General, National Information Technology Development Agency (NITDA), reiterated the transformative potential of emerging technologies in revolutionising the agricultural sector in Nigeria




In hidden communities and chat rooms on Discord, adults have used the platform to groom children before abducting them, trade child sexual exploitation material (CSAM) and extort minors whom they trick into sending nude images.



Meta Quest users can subscribe to a new service that gives them access to the top two titles every month. Dubbed Meta Quest+, the virtual reality subscription costs $7.99 per month or $59.99 annually.

Adobe has written an indemnity clause that states that the company will pay any copyright claims related to works generated in Adobe Firefly, the company’s generative AI art creation tool.


Reddit will make “accessibility improvements” to many moderator tools in its official mobile apps by July 1st, the company has announced.



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