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A collection of interesting industry news from the technology space.

INDUSTRY NEWS: Nigerian at home lab testing platform health tracka gets $1.5m in funding backed by female venture capitalists 

According to this World Health Organization (WHO) article on treating cancer, detecting symptomatic patients as early as possible gives them the best chance for successful treatment. Though the piece is a template for cancer treatment, it applies to any disease, deadly or not.

Diagnostics is at the center of healthcare; without it, doctors and physicians cannot offer treatment. But in emerging markets like Africa, where infrastructure is lacking and the doctor-to-patient ratio stands at a staggering 1:5,000, regular checkups are often considered an afterthought.

INDUSTRY NEWS: Naira depreciation affecting ICT businesses, others

Lack of access to foreign exchange and the continued depreciation of the naira have increased the cost of operations for businesses including the Information and Technology companies, according to economic experts.

They said the development had made the cost of production to rise by 30 – 100 per cent.

According to experts at the Centre for the Promotion of Private Enterprise, output has declined significantly in many industries because of challenges accessing raw materials due to the scarcity of foreign exchange, with many players restoring the patronage of the parallel market to run their businesses.

INDUSTRY NEWS: The Securities and Exchange Commission (SEC) has warned investors on the illegality of unregistered investment crowdfunding platforms

The Commission stated this is a circular dated August 3, 2022, where it acknowledged the presence of unregistered crowdfunding platforms while also warning investors against dealing with them.

Crowdfunding is the process of raising funds to finance a project or business from the public through an online platform. A crowdfunding portal is a website, intermediary portal, application, or other similar module that facilitates interaction between fundraisers and the investing public.

INDUSTRY NEWS: Amidst controversies in Nigeria and Kenya, Flutter-wave hires 200 trainees, increases staff base by 38% 

Leading fin-tech company in Nigeria, Flutterwave said it has hired 200 trainees under its inaugural graduate trainee programme. This is coming amidst allegations of money laundering in Kenya, which the company has denied, as well as accusations of personnel harassment in Nigeria.

The company, in a statement, said it aims to nurture the trainees by upskilling them with technical and soft skills, exposing them to its solutions and products, and giving them working experience.

The firm stated that 11,000 people applied for its programme and revealed that the programme was the brainchild of its new Chief of People and Culture, Mansi Babyloni.

INDUSTRY NEWS: Cadbury Nigeria Plc, a subsidiary of Mondelēz International, has continued to sustain its current repositioning drive.

The Company’s recently released financial highlights for the first half of 2022 (covering the period January 2022 to June 2022), showed that its turnover rose to N27.8billion in H1 2022, representing an increase of 50.5 percent over the N18.5billion recorded within the same period in 2021.

INDUSTRY NEWS: Canva launches Whiteboards for graphic designers’ predesign process

(Canva graphics design users will now have access to a dedicated white boarding tool to help them better collaborate with colleagues)

Graphics software provider Canva has announced the launch of Canva Whiteboards, enabling users to workshop, brainstorm and collaborate with colleagues directly inside the Canva platform.

Customers who want to use the new white boarding tool need to first open a new Canva Presentation, right-click on a slide, and click “expand to whiteboard.” They can then add and react to ideas with the new Whiteboards panel by using stickies, voting graphics, shapes and lines. Users will also have access to Canva’s library of 100 million images, videos, audio tracks, which can be added onto a whiteboard.

INDUSTRY NEWS: Along’s new mobile app lets creators record ‘infinite length’ video collabs

All major social networks including Instagram, Tiktok, and Snapchat have their own take on how collaborations should work. But most of these features have constraints like time limits and the number of creators included in a clip. A new app called Along wants to remove all these restrictions to allow infinite-length collaboration videos with multiple creators.

The app is based on the concept of infinite videos called “tapes.” A creator can start a tape by recording a clip and later add as many clips as they want. They can also enable collaboration for a tape, so other creators can add their own videos on a similar theme. Once the original poster approves these collaborations, they’re added to the tape. 



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