Author: Saibu Grace

  • African-American Engineer creates First Igbo Voice-to-Text AI Model

    African-American Engineer creates First Igbo Voice-to-Text AI Model

    Artificial intelligence (AI) is undoubtedly advancing quickly; from ChatGPT-3.5, which astounded us in 2022, to Sora and GPT-4o, which have left people perplexed, there’s no denying it.

    While AI continues to advance, it’s safe to conclude that Africa has yet to advance. Even though several nations, like Nigeria, have developed programmes and regulations to further AI development, the outcomes could have been more impressive.

    “The first Igbo voice-to-text AI model that resonates with Africans is called IgboSpeech, created by Ijemma Onwuzulike, born in the United States.”

    Motivation led Ijemma to learn and research languages, discover patterns and processes in language learning, and understand the process of compiling data on platforms like Duolingo.

    Read also: OpenAI unveils GPT-4o Mini: A new era in cost-efficient AI

    Innovations and Challenges in the Making of the Igbo Digital Dictionary

    Duolingo is just a language learning programme; much data entry, research, and linguistic labour goes into creating that user-friendly interface behind the scenes.

    Onwuzulike decided to develop an Igbo API in 2020 to make it simpler for a website like Duolingo to include Igbo as one of its languages.

    The API provides a digital dictionary for Igbo language developers, enabling easy retrieval of word-related data like definitions, synonyms, antonyms, and usage examples.

    Onwuzulike and her team faced challenges building a word API due to inconsistencies in existing Igbo dictionaries and ensuring a quick and efficient response to user requests.

    The Igbo API, which includes 5,119 words, 29,922 sentences, audio recordings, 571 definitions, and 464 proverbs, is being developed with a robust backend, caching, and growth capabilities.

    She pursued Computer Science at Dartmouth College, studying Japanese and literature, and later worked in machine learning and artificial intelligence. They interned twice at eBay and later worked for Squarespace.

    Read also: Anambra University partners tech firm to empower students with AI

    IgboSpeech: Unlocking Voice-to-Text Translation for Igbo Language

    Launched on July 1, 2024, is the demo website for IgboSpeech. Igbo speech and text are catered for in this automated speech recognition (ASR) model.

    In addition, it uses the Igbo API in part. That does, however, have a unique dataset. According to the website, it records Igbo speeches and converts them into text.

    Onwuzulike plans to use IgboSpeech to automatically generate subtitles for Igbo movies, YouTube videos, and note-taking apps, focusing on voice-to-text translation instead of text-to-voice.

    Onwuzulike and her team aim to improve IgboSpeech’s features through grants, as the project is non-profit and currently offers the best value for money for translators and text-to-voice translations. They are examining the Lacuna Fund, which provides funding for developing natural language processing (NLP) and antimicrobial resistance (AMR).

  • Wema Bank offers AlatPay to Ease Instant Payments for SMEs

    Wema Bank offers AlatPay to Ease Instant Payments for SMEs

    The leading Nigerian bank, Wema Bank, has introduced AlatPay, an instantaneous digital payment solution, to assist small and medium-sized enterprises in digitising their business processes. The elegant Four Points by Sheraton in Lagos hosted the launch.

    Executive Director of Retail and Digital Business Tunde Mabawonku stated that “the future of cards is cardless” and that the payment industry is changing. He predicted that cards would become cardless tokens that consumers would need to tap to use in the coming years.

    According to him, this is how payments will go in the future, and Wema Bank is excited to be a big part of it by enabling merchants to make simple payments with AlatPay.

    Read also: Wema Bank Uses Facial Recognition to Boost Platform Security

    Mr Mabawonku said AlatPay is positioning Nigerian merchants and small businesses to acquire transactions worldwide. Over the last few years, they discovered that small businesses struggle to acquire transactions. They either tell people to transfer money or pay cash or some other way of getting payment. But with AlatPay now, you need to follow the straightforward steps, and you can acquire transactions from anywhere in the world.

    Mr Mabawonku said merchants do not have to expose their financial details because they now have a payment engine that makes transactions easy. So, this strategy enhances businesses’ ability to do much more.

    Enhancing Retail Payment Efficiency with AlatPay

    AlatPay would serve 70% of retailers who have trouble making payments. In a dynamic corporate environment, payment systems that are both secure and efficient are crucial. More than 70% of firms report having trouble accepting online payments, according to Stripe research.

    These challenges result in missed chances and delays in finishing business. With the potential to increase productivity by up to 40%, seamless payment solutions are becoming increasingly crucial to the long-term viability of businesses as financial transactions become more global.

    To assist small businesses in meeting these unique challenges of globally evolving marketplaces, Wema Bank is launching AlatPay, an offshoot of its digital app, Alat. The bank says this introduction demonstrates its commitment to innovation and empowering businesses for optimal efficiency.

    AlatPay is a secure digital payment service designed for businesses, offering a simple setup process, safe transactions, prompt payments, and customisable storefronts for online transactions.

    Read also: Wema Bank, NYSC to launch Youth Empowerment Initiative

    Elevating Your Business with AlatPay

    Businesses must visit AlatPay and select Get Started to get started. After that, to receive a one-time password (OTP), they must supply their email address. The user must fill out their personal information and select a business category to create a merchant profile after validating their email. After that, an OTP will be texted to their phones to confirm the information.

    Users choose payment channels and fill in their account details to pay. Bank approval takes 24 hours. Approved users access AlatPay APIs, create a storefront on the portal, and go live. Store URL is shared with customers and social media.

    Speaking about what this means for Wema Bank, Tunde Mabawonku said the bank prides itself on being innovative.

    Tunde added that, after 79 years in the business, one of the things they have done to stay competitive is to provide new and creative items. The Alat digital platform has become Nigeria’s top digital bank.

    He said it helps one to compete effectively on a global scale. Clients can now access a platform that functions independently wherever in the globe. To improve payments and acquisitions, Alat and AlatPay offer platforms for making solutions.

  • Nigeria gets 7th in internet speed among African countries

    Nigeria gets 7th in internet speed among African countries

    With an average download speed of 27.62 Mbps, Nigeria has risen to seventh among Sub-Saharan African nations with the fastest internet speed.

    This is based on the 2024 Global Broadband Speed Report, which Cable.co.uk published on Tuesday.

    According to tests of internet speeds carried out in 220 countries, Nigeria climbed up the world speed rankings from 133rd in 2023 to 132nd in 2024.

    Nigeria was seventh on the African continent for internet speed, behind six other nations.

    Read also: Telecoms report a 2.4% drop in voice subscriptions due to NIN/SIM linkage

    These six nations—South Africa, Rwanda, Mauritius, South Africa, Réunion, and Botswana—acquired the top six positions on the continent. Interestingly, Réunion stood out as the best in Sub-Saharan Africa with an astounding 63.29 Mbps average internet speed. With an average internet speed of 42.42 Mbps, South Africa came in second place, not far behind.

    The remaining nations, which exceeded Nigeria’s average speed, included Eswatini, Rwanda, Mauritius, and Botswana. All of these nations also displayed comparatively fast internet speeds.

    This ranking demonstrates the differences in internet connectivity and infrastructure among African nations, with Nigeria seeking to close the gap and enhance its digital environment.

    According to the report, the average internet speed in Africa was 14.99 Mbps, making Africa the region with the second-lowest internet speed globally.

    Global Progress on how the world is bridging the digital Speed Gap

    According to the study, Iceland has the fastest broadband worldwide after analysing around 1.5 billion high-speed tests conducted globally.

    The nation’s average internet speed was 279.55 Mbps, second only to Jersey, a country in Western Europe, at 273.51 Mbps. Asia’s Macao ranked third globally in internet speed at 234.74 Mbps.

    Based on the report, 35 countries failed to achieve average speeds of 10Mbps or greater, the speed deemed by UK telecoms watchdog Ofcom to be the minimum required to cope with the needs of a typical family or small business.

    This is a decrease from the 48 nations in 2023, the 67 countries in 2022, and the 94 countries in 2021, suggesting that considerable speed increases are still being made in many regions of the world.

    Read also: WATRA promotes infrastructure sharing in West Africa

    Nigeria’s Internet Boost with 5G and Starlink

    Nigeria is now working to expand the number of Nigerians who can access the internet through its National Broadband Plan (NBP 2020–2025) and to boost internet connection speed. Even though the plan’s internet speed targets have been missed in some cases, the nation appears to be performing well overall.

    Nigeria’s internet speed is predicted to reach 15 Mbps in urban areas and 5 Mbps in rural areas by 2023, surpassing the global record of 27.62 Mbps.

    The improvement in internet speed, though still limited to major cities, could be attributed to MTN and Airtel’s launch of 5G.

    The entry of Elon Musk’s Starlink is also helping to boost internet access and speed in the country. According to users, Starlink currently delivers over 50Mbps in Nigeria’s urban and rural areas.

    The introduction of 5G by MTN and Airtel may be to blame for the increase in internet speed, but it is still only present in large cities.

    The launch of Elon Musk’s Starlink also contributes to increased national internet speed and access. Users claim Starlink provides over 50Mbps in Nigeria’s rural and urban areas.

  • Bio-Logical Climate Startup raises $1.3 million for growth and Expansion

    Bio-Logical Climate Startup raises $1.3 million for growth and Expansion

    Kenyan climate startup Bio-Logical has raised $1.3 million to build out its Mount Kenya biochar plant. This would boost efforts to improve Kenyan smallholder farmers’ standard of living and expand production capacity.

    CrossBoundary, Redshaw Advisors and other existing investors, including the Steyn Group, led the funding round.

    Rory Buckworth, co-CEO of the company, expressed enthusiasm about the recent funding round, highlighting its significance in driving growth and expansion. He emphasised that this investment will enable the company to scale up its Mount Kenya facility, a crucial step towards increasing its impact and reach.

    Read also: AICCRA Zambia calls for partnership on tech innovations to boost agricultural production

    With the funding in place, the company is now poised to replicate their successful model in new locations. Buckworth shared ambitious plans to establish three new sites across Kenya over the next 18 months, a move that will significantly amplify their presence and contribution to the region.

    This expansion will enable the company to broaden its scope and make a more substantial impact, bringing them closer to achieving their long-term goals.

    Bio-Logical Climate Startup’s Milestone in November 2023

    The firm raised $1 million in seed money for its first location in the nation in November 2023. By 2030, it also aimed to absorb one million tonnes of carbon dioxide per year and assist one million smallholder farmers.

    Bio-Logical, which was founded in 2022 by Philip Hunter and Rory Buckworth as CEO, employs technology to capture carbon from agricultural waste and turn it into a potent fertiliser that strengthens climate resilience.

    In addition to sequestering carbon, Hunter noted that the company creates cheap fertilisers that replenish the soil, increasing yields and enhancing the climate resilience of Kenyan farmers.

    He emphasised that although they bear little blame for its origins, smallholder farmers are particularly affected by climate change.

    The CEO of Redshaw Advisors, Louis Redshaw, stated that they are happy to be a part of Bio-Logical’s most recent fundraising round, which will help farmers who are in need of climate resilience solutions while also advancing the development of high-integrity carbon removal credits.

    Read also: Experts suggest a tech-driven approach to tackle climate change

    Climate Investment Strategies for Positive Impact

    This investment complements their work with corporations committed to positive climate action through high-quality projects in countries requiring decarbonization support.

    The Big Deal, an examination of startup funding data tracker Africa, reports that as of now in 2024, $325 million has been invested in African climate tech businesses.

    It was noted that over the last five years, investments in climate technology have increased significantly, from $340 million in 2019 to $344 million in 2020, $613 million in 2021, $959 million in 2022, and $1.1 billion in 2023.

    At 53%, Kenya received the largest amount of funding for climate tech startups in Africa, according to Statista. Following with percentages of 11% and 9%, respectively, were Nigeria and Ghana.

    Furthermore, Kenya is reported to have the most climate tech start-ups, raising more than $100,000 between 2019 and 2023.

  • Google Prepares Biggest Acquisition for Cloud Cybersecurity Startup

    Google Prepares Biggest Acquisition for Cloud Cybersecurity Startup

    The Wall Street Journal says that Google is reportedly considering spending $23 billion to acquire Wiz, a cloud cybersecurity business with Amazon and Oracle partners.

    Google would have paid the highest it has ever paid for a firm, about twice as much as it did for Motorola Mobility in 2012.

    According to the company, the enterprise market is served by “separated security tools and scanners” provided by the New York City-based Wiz.

    According to Wiz, companies can “rapidly identify and remove critical risks” from corporate cloud infrastructure by “creating a normalising layer between cloud environments.” Purchasing such a business seems primarily directed at Microsoft, which has lately survived several high-profile security breaches and is becoming increasingly vulnerable.

    Read also: Google, CIIFA to train 8000 young people in Nigeria’s creative industry

    Microsoft Strategic Acquisition of Wiz to Enhance Cloud Security

    Wiz, a cybersecurity company in New York City, provides enterprise security solutions. “Separated security tools and scanners” tailored to the unique requirements of huge businesses are their areas of competence. By creating a “normalising layer” between cloud environments, Wiz’s method secures corporate cloud infrastructure and helps firms quickly detect and mitigate essential security issues.

    Considering Microsoft’s recent high-profile security breaches, the company’s acquisition of Wiz seems like an intelligent decision.

    Microsoft hopes to strengthen its defences and offer better safety for its users by incorporating Wiz’s cutting-edge security features. This action shows Microsoft’s dedication to resolving escalating cloud security issues and being ahead of new dangers.

    Thanks to the acquisition, Microsoft can now address current security flaws and improve its standing in the enterprise security sector.

    With Wiz’s technology, businesses can better manage security by securing their cloud infrastructure, identifying and eliminating severe security threats, and standardising cloud environments. With this acquisition, Microsoft strengthens its cloud security solutions and gives customers a strong defence against changing threats.

    Read also: Google Gemini unleashes 2M token context and code execution

    Wiz Merger: Will Regulators Say Yes?

    The New York Times claims that a prospective agreement between Microsoft and Wiz is “looking likely”.

    But there’s still a chance the agreement won’t go through. If the transaction closes, US officials may begin to review it, which might cause Microsoft more difficulties.

    The Biden administration has been aggressively pursuing antitrust cases, indicating that it is prepared to consider significant technology acquisitions carefully.

    Recent examples include the Federal Trade Commission’s attempt to stop Microsoft from buying Activision and the Department of Justice’s lawsuit regarding Google’s Search agreement with Apple. This regulatory environment may impact the fate of the Microsoft-Wiz merger.

  • AU set to discuss AI-powered digital transformation in Africa

    AU set to discuss AI-powered digital transformation in Africa

    The African Union(AU) Executive session is set to be held in Ghana between July 18 and 19, 2024, for deliberation on the “Continental Artificial Intelligence (AI) Strategy” and “African Digital Compact”.

    The African AU’s Ministers of Communications and ICT unanimously approved the plan last month, among other groups.

    Before the strategy’s official adoption on Tuesday, July 17, 2024, the AU made this known via its X page.

    Read also: Nigeria’s NITDA initiates a programme to bridge digital divide

    Continental AI Strategy for Sustainable Development

    The plan intends to unleash the potential of emerging digital technologies in Nigeria and other African nations, thereby expediting “Africa’s digital transformation.”

    As part of the AU’s 2nd Extraordinary session of the Specialised Technical Committee on Communication and ICT, around 130 African ministers and experts were reportedly virtually gathered between June 11 and June 13, 2024.

    The meeting aimed to ignite digital transformation across the continent amidst rapid evolutions in the sector fueled by artificial intelligence (AI) technology and applications.

    They eventually endorsed a Continental AI Strategy that will guide African countries to harness artificial intelligence to meet the continent’s development aspirations and the well-being of its people.

    Building African-owned AI infrastructure will pave the path for data processing and deployment.

    AI infrastructure is an integrated ecosystem of hardware and software made especially for AI and machine learning workloads.

    Regulation of AI is one of the plans that suggests policies that will restrain the application of AI across the continent. Also, Finance for AI-based research is the plan that asks for financial assistance to increase Africans’ understanding of AI’s functionalities and potential.

    AU Leads Africa’s AI Revolution for Sustainable Development

    The AU said on Tuesday that these new developments will be discussed in its executive session before being officially adopted.

    It said the action is intended to determine important goals and courses of action to guarantee Africa makes the most of the enormous potential that artificial intelligence presents.

    Read also: Termii Elevate 2024 fosters business growth through communication

    The AU plans to accelerate African countries’ AI capabilities through an Africa-owned, people-centred, development-oriented, and inclusive approach, ensuring adequate safeguards and protection from threats.

    The AU Mission to the UN disclosed this during a Special United Nations Economic and Social Council meeting two months ago.

    The strategy, endorsed by the committee, is set to be Africa’s contribution to the Global Digital Compact and the United Nations Summit of the Future in 2024.

    MTN Group and Huawei Technologies have partnered to establish a technology innovation lab in Africa to accelerate digital transformation and sustainable development.

    Nigeria’s Finance and Economic Minister, Wale Edun, visited SecureID Limited’s advanced facilities, lauding the firm’s significant role in Nigeria’s digital transformation.

  • Termii Elevate 2024 fosters business growth through communication

    Termii Elevate 2024 fosters business growth through communication

    Africa’s leading communication technology company, Termii, held its third annual Elevate Conference, “Communication Technology: Connecting Communities and Creating Opportunities,” successfully. Communication technology leaders and creative thinkers discussed how it might boost community and business growth at the event.

    Some of the speakers present at the event were Babajide Duroshola, General Manager of M-KOPA; Toyin Adepegba, Head of Marketing and Communications at Renda Africa; Uwem Ekanem, Vice President of Marketing at Bankly; Lede Adeniyi, CTO of Bento; Joshua Chibueze, Cofounder and CMO of Piggvest; and Olajuwon Abayomi, General Manager of Termii, among others.

    Read also: TD Africa and CISCO’s Impact on Tech Skills in Africa

    Aligning Communication Efforts with Business Objectives

    Uwem Ekanem’s keynote speech highlighted the importance of effective communication in driving company growth. He highlighted the discrepancy between communication efforts, business expectations, and the need for a North Star goal.

    This allows every department, including the communications team, to align their efforts towards achieving awareness, customer acquisition, and retention to support the broader business objective.

    Ekanem highlighted the need to track and report the impact of communication efforts. He said that doing the work is 50 per cent of the work, and talking about it is the other 50 per cent,

    In his second keynote speech, Joshua Chibueze discussed communication as a catalyst for fostering a sense of community. He emphasised the importance of a foundation for communication, such as a project or product.

    He shared insights from Piggyvest’s eight-year journey, highlighting strategies that have worked for them, including clarity of purpose, active listening, inclusive language, consistent messaging across all channels, conflict resolution, accountability, transparency, celebrating successes, and communicating failures.

    Continuous improvement and communication of their results have also been crucial in maintaining customer loyalty.

    Joshua Chibueze discussed communication as a key to community building, citing Piggyvest’s eight-year journey as an example. Strategies include clear purpose, active listening, inclusive language, consistent messaging, conflict resolution, accountability, transparency, and continuous improvement for customer loyalty.

    Read also: Maroc Telecom’s Parent Company to Appeal $630 Million Court Fine

    Startups Thrive at Termii Elevate 2024

    The event featured a startup pitch challenge where early-stage founders showcased their technology-driven solutions to judges from Endeavor, Aidi, and Ventures Platform Fund.

    Four startups stood out with their innovative approaches and potential for significant impact. Supplya, a digital marketplace connecting retailers and drop-shippers to verified consumer goods suppliers, emerged as the grand prize winner, taking home ₦750,000.

    CashAfrica, Ridefraser, and SUWK Nigeria won the e-commerce startup competition, with CashAfrica winning ₦500,000 and Ridefraser and SUWK Nigeria each receiving ₦250,000, respectively.

    Supplya co-founder Joy Adeniran expressed gratitude for the experience and support, stating that the prize money will support their capital-intensive business operations and potentially be used for marketing.

    Termii, a mobile communication company, has processed over 1 billion transactions and is now licensed to provide more services from telcos. Co-founder and CEO Emmanuel Gbolade plans to expand their product offerings, focusing on messaging, voice calls data, and USSD and expanding into more markets.

    Termii Elevate 2024 showcased the company’s commitment to innovation, startups, and effective communication, with plans for expansion and increased product offerings.

  • Kenya’s Uncover Closes $1.4m oversubscribed financing round

    Kenya’s Uncover Closes $1.4m oversubscribed financing round

    A cosmetics firm called Uncover, with its headquarters in Kenya, has acquired $1.4 million in Seed II funding to support its plans to expand into Ghana, Uganda, and the US.

    The round was headed by IgniteXL Ventures and EQ2 Ventures, with participation from Chui Ventures, Samata Capital, and Altree Capital.

    This comes after Uncover successfully collected $1 million in startup money in 2022 to grow its business and reach Nigeria. It received $100,000 in pre-seed funding in 2021.

    Read also: Jumia’s market cap exceeds $1 billion as Wall Street regains credibility

    Uncover: Redefining Skincare with Data and Innovation

    Jade Oyateru (COO), Sneha Mehta (CEO) and Catherine Lee co-founded Uncover in 2021 for personalised skincare using a data-driven approach to create skincare products, leveraging K-Beauty technology and innovation.

    According to the CEO, the company’s success has been fueled by its data-driven goods and digital platform that integrates personalisation.

    As one of the first companies to test on women in Africa, she added that the brand prioritises “women of colour” who have been marginalised by the beauty business throughout time.

    What’s impressive is that they are starting in Africa but are seeing global demand and opportunities for their solution.

    According to Oyateru, the money will enable the business to enter its next phase of expansion, diversify its line of products, advance technology, and reach a wider audience.

    Uncover’s Growth Strategy for Expansion and Revenue

    Over 200,000 women from Kenya, Nigeria, and the diaspora make up the Uncover online community. According to reports, since it directed its fundraising round towards expanding into Nigeria and introducing new data-driven products, its sales jumped by a factor of ten last year.

    It is expanding offline through collaborations with merchants and online through a consumer technology platform for specific products and services, customer education, and product discovery.

    Read also: Unveiling the First Miss AI: Kenza Layli

    Its distribution is through its eCommerce platform and retail partnerships with pharmaceutical chains like Goodlife and Medplus in Kenya and Nigeria.

    Other African beauty companies besides Uncover are drawing interest from investors and hoping to grow both within and outside the continent.

    Launch Africa Ventures provided funding to Zuri in April so that it may grow throughout Africa and Europe. Zuri is active in the Democratic Republic of the Congo, Uganda, and Rwanda.

    To grow its customer base, Wingoo Investment and Technologies provided $200,000 to Mira, another beauty firm based in Egypt, in January 2024.

    With sales expected to reach $65.93 billion in 2024 and an annual growth rate of 5.99%, reaching $83.19 billion by 2028, these startups want to take a piece of Africa’s beauty and personal care market.

  • Expanding Yoruba Culture and Language through Edutech: A Virtual Teacher’s Perspective – Tobiloba Adebisi

    Expanding Yoruba Culture and Language through Edutech: A Virtual Teacher’s Perspective – Tobiloba Adebisi

    According to Madam Tobiloba Adebisi, a well-known Edutech expert and virtual instructor, the work that she has done has significantly contributed to the improvement of African language and culture. She employs various forms of technology to educate and disseminate knowledge about the Yoruba language and culture to individuals worldwide. Knowing Edutech has made it possible for her to have an impact on a worldwide scale.

    As a pioneer in virtual teaching, Madam Tobiloba has utilised various tech tools and platforms to reach a broad audience, making the Yoruba language and culture accessible worldwide.

    In an interview with TechPression, Tobiloba discussed her Edutech company, its obstacles, digital solutions, and African cultural preservation. She also told other young people who want to become virtual teachers as a job in edtech:

    Read also: How to still achieve your goals in the 2nd-half of 2024 – Part 1

    What inspired you to start virtual teaching, and what has been your experience so far?

    Tobiloba: I never intended to become a virtual teacher. I was dissatisfied with my radio job and sought a change. A friend suggested voice-over work, mentioning I shouldn’t limit myself to English. I was open to any opportunity and interviewed for virtual teaching using my phone. To my surprise, it worked out! Now, I enjoy my job, interacting with people from diverse backgrounds and teaching Yoruba language and culture. It’s a path I never expected to take, but I’m glad I did.

    Firstly, how do you make virtual classes engaging and interactive for students learning Yoruba language and culture?

    Tobiloba: To make virtual learning effective, I make things enjoyable for my students. I don’t just follow a routine but create an engaging environment where students feel comfortable learning from their mistakes. In my classes, students take ownership of their learning, doing 70% of the work and talking while I guide and support them. This approach builds a strong connection with my students and makes learning fun.

    What edutech tools or platforms do you find most effective for teaching Yoruba language and culture?

    Tobiloba: In my teaching and professional activities, I use various tools. Primarily, I use Zoom for classroom instruction and Google Meet for team meetings to discuss curriculum development. I use Canva to create classroom materials. Additionally, I use Quizlet for quizzes, CapCut for video editing, Notion for organisation, and Slack for communication. For audio editing, I use Bandlab. I also frequently use Google Spreadsheets. I use a few other tools occasionally, but these are the primary ones.

    How do you assess student progress and understanding in a virtual setting?

    Tobiloba: Virtual learning has increased access to Yoruba language and culture. I’ve transitioned to Facebook virtual teaching full-time, using interactive methods like building sentences and analysing Nigerian songs to ensure students understand the material. This approach goes beyond conventional methods, making learning more engaging and accessible. I’ve adapted to the future of education, leaving my radio job to focus on virtual teaching, which extends beyond traditional classroom settings..

    How has virtual teaching expanded access to Yoruba language and culture education, especially for those outside Africa?

    Tobiloba: Our virtual Yoruba classes offer a flexible and personalised learning experience, allowing you to learn at your own pace and schedule. With a supportive community and a progress-driven approach, you’ll be able to grow and improve without feeling judged. By joining our global learning platform, you’ll unlock a futuristic approach to language learning that prioritises your needs and goals, helping you to achieve fluency in Yoruba and connect with a worldwide community of learners.

    What cultural challenges have you faced while teaching Yoruba language and culture online, and how have you addressed them?

    Tobiloba: I have yet to face significant cultural challenges. Most students are new to Yoruba culture, so they’re taking classes. I’m responsible for teaching them about our customs, such as respecting culture, which can be unfamiliar. For instance, an American student found our body language unemotional. However, my students are eager to learn and embrace these cultural differences, which is great to see.

    What feedback have you received from students, and how has it shaped your approach to virtual teaching?

    Tobiloba: Students are enthusiastic about my classes, saying they’re fun, creative, and engaging. They appreciate how I break down technical terms, making learning easy. This positive feedback motivates me and has boosted my confidence. I’ve transitioned from tutor to curriculum developer, completing 500 hours of teaching in just 9 months.

    What role do you envision virtual teaching in promoting Yoruba language and culture shortly?

    Tobiloba: Virtual teaching is vital for Yoruba language learning, making it easier for people to learn from native speakers online. Students prefer one-on-one interactions with native speakers over language apps. This trend is increasing interest in learning Yoruba, especially among Nigerians in the diaspora, and will continue to boost Yoruba language learning globally.

    Read also: How to still achieve your goals in the 2nd half of 2024 – Part 2 (Tools you need)

    Many young people are looking up to you or want to go on this career path. What can you say to them?

    Tobiloba: I stumbled into virtual teaching, but to succeed, you need to trust your abilities and master tech skills. Learn platforms like Zoom, Google Meet, and Skype to stay ahead. Be versatile, adaptable, and creative, using tools like Canva and CapCut to simplify learning.

    Focus on acquiring tech skills, creating engaging materials, and being empathetic. Build friendships and show compassion. To become a skilled virtual teacher, learn to use meeting platforms, develop video editing and presentation skills, and prioritise effective communication and genuine care for your students.

    What’s your last note on this session?

    Tobiloba: After the God factor, virtual learning is crucial. Invest in a good laptop with at least 6GB RAM, a quality webcam, and clear audio. I recommend against using your phone as a substitute for a laptop, as it is too limiting in this career path.

    Additionally, ensure you have excellent internet connectivity, preferably with a reliable network connection. You don’t need to break the bank; a solid laptop and strong internet are essential. Once you have these, everything else will fall into place.

    In embracing edutech, the richness of Yoruba culture and language can be preserved and shared widely. By integrating technology into education, we empower future generations to connect with their heritage innovatively, ensuring the survival and growth of Yoruba traditions in a globalised world.

  • Jumia’s market cap exceeds $1 billion as Wall Street regains credibility

    Jumia’s market cap exceeds $1 billion as Wall Street regains credibility

    The e-commerce company Jumia has experienced a 55% increase in share price in the last five days, indicating an increasing level of investor trust in the business. With its share price closing at $12.08 on Friday, Jumia’s market capitalization increased to $1.32 billion from $8.46 on July 8.

    The Pan-African retailer, which has had mixed results as a publicly traded business since listing on the New York Stock Exchange in April 2019, has seen a notable turnaround in its financial situation with the surge.

    While its board and management team scramble to turn things around, Jumia has lost more than 70% of its market value since its share price shot to a record $62.4 in February 2021 during the wild days of the meme stock rally.

    Read also: Online store, Anata, to foster good ties with the community

    Jumia’s Resolution: Dufay’s Leadership is transforming the company

    In late 2022, the board dismissed Jeremy Hodara and Sacha Poignonnec, Jumia’s longstanding co-CEOs, due to a series of subpar performances and their incapacity to reduce expenses. The company was upgraded to be led by Francis Dufay, a veteran management consultant who was the CEO of Jumia Ivory Coast.

    Jumia has made drastic restructuring to its business over the last 18 months under Dufay’s leadership. The company has laid off 43% of its employees, scaled back its presence in underperforming markets, and shuttered its food delivery business. The new boss has also shrunk Jumia’s management team based in the United Arab Emirates and forced several of them to return to work from its offices on the continent.

    The effects of these adjustments are beginning to show. The corporation, which has never made a profit, cut its operational losses by 71% by the end of Q1 2024. Furthermore, despite sharp currency devaluations and macroeconomic challenges in its main markets, particularly Nigeria, which accounts for almost a third of its yearly sales, its income has increased by 18.5%.

    In the meantime, when compared to the first three months of last year, its compensation and administrative costs have decreased by 37%. Several Wall Street analysts have recommended Jumia shares to its clients after taking note.

    Read also: Jumia Nigeria offers discounts on its anniversary, partners with phone manufacturers

    Jumia’s Strategic Step to Balance Growth and Competition

    As Jumia repositions itself for growth, especially in North Africa, the company’s share price has increased by 252.3% since the beginning of the year. Jumia’s own inventory also contributes less to direct sales; in the first quarter, third-party merchants accounted for more than 52% of all sales on the platform.

    However, Jumia will face fresh competition as it restructures its business from social selling platforms like Instagram and TikTok, which are also emphasising e-commerce features.

    One of the largest retailers in the world, Amazon is also growing its presence in Jumia’s important areas, such as Egypt. Simultaneously, Prosus-supported Takealot seeks to strengthen its position in South Africa, a significant market where Jumia is still attempting to overtake the established players.

    Jumia’s Dufay said during an interview that he wants to stabilise the business before chasing new growth across key markets.