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We Help IT Companies Scale Engineering Capacity

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POPULAR NEWS

Latest From our blog

  • November 2 2024

2024 fully funded university scholarship for female Nigerians 

The TKM Foundation has announced its 2024 Girls Only University Scholarship, a fully funded opportunity tailored to empower young Nigerian women from financially constrained backgrounds. The scholarship programme provides comprehensive financial support, covering tuition, accommodation, essential academic resources, and living expenses to aid financially disadvantaged young women to pursue higher education without financial hurdles. Here’s a breakdown of key details, from eligibility criteria to application deadlines. Eligibility for the TKM 2024 fully funded university scholarship for female Nigerians For new applicants Financial need: Applicants must be from a low-income background, with supporting documentation. University admission: Only students with JAMB admission letters to a Nigerian federal university are eligible. Exclusivity: Must not be receiving any other academic grants. References: Applicants must submit references from credible sources attesting to their financial need. For renewal applicants (Returning Beneficiaries) Academic standards: Must maintain a GPA of at least 2.0 on a 4.0 scale or 3.0 on a 5.0 scale.you Continued financial need: Renewing applicants must still meet financial need requirements. Recent references: Proof of financial need is important, using latest references. Exclusive scholarship: Beneficiaries cannot hold any other academic grants simultaneously. Application process TKM Foundation’s 2024 fully funded University scholarship for Nigerians application involves three simple steps: Prepare documents You will need to draft a 1000-word essay explaining why you deserve this scholarship. You are encouraged to include any achievements in academics and other areas, along with personal qualities or experiences that make you uniquely deserving of this opportunity. Do not forget to show your background and  financial needs. Collect admission letter, proof of financial need(your bank statements, your parent’s or guardians’, or siblings’, references, and academic transcripts (for renewal applications). Fill out online form Visit TKM’s dedicated application portal and complete the form, uploading all necessary documents. Submit application Once all materials are uploaded, submit your application via the portal. Applicants will receive a confirmation email upon submission. Selection process TKM Foundation’s review focuses on financial need and academic merit. After an initial document review, selected candidates may be invited for an interview. Successful applicants will be notified via email, with announcements also made on the foundation’s website and social media channels. Application window for the TKM 2024 fully funded University scholarship for female Nigerians  The 2024 fully funded University scholarship for Nigerians 2024 application window runs from November 1st, 2024, to December 31st, 2024. Early application is strongly encouraged to enhance selection chances. Why you may want to apply This scholarship offers more than financial support. It connects beneficiaries to a supportive community committed to their success, with guidance throughout their studies and career opportunities after graduation. Final thoughts TKM Foundation’s fully funded University scholarship for Nigerians, 2024, is a transformative opportunity. For young women eager to overcome financial barriers to education, this scholarship is a gateway to academic and personal growth. To apply or learn more, visit the TKM Foundation Scholarship Application Page.

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  • November 1 2024

Kenya’s KCB Bank completes IT infrastructure migration to tier III data centre

KCB Group, Kenya’s largest bank with a market capitalisation of $963.3 million (KES 124 billion), has completed the migration of its IT infrastructure to iColo, a tier III data centre.   The migration from on-premise infrastructure to iColo’s facilities in Karen and Gigiri, Nairobi, began in 2022. Two people familiar with the matter told TechCabal that the migration was motivated by a need to control costs. The bank had been incurring millions of shillings on power, cooling, and uptime for its in-house data centre. It is unclear what cost savings KCB will achieve through this colocation migration since no specific projections or estimates have been provided. KCB declined to comment on this story.  Before the move to colocation, KCB ran all its services on-premises. However, some services, such as Exchange, which offers currency exchange, online trading, and international money transfers, are hosted on Microsoft Azure, and plans are in place to move other services to AWS. “This transition involved moving to a professionally managed colocation facility,” one person familiar with the migration process and who asked not to be named so he could speak freely told TechCabal Colocated data centres, like iColo, provide shared spaces within larger facilities where multiple companies lease space. This allows such companies to benefit from shared services and infrastructure.  “Colocation offers a more cost-effective solution compared to building and maintaining an independent data centre. Banks can achieve economies of scale by sharing common resources,” a banking executive, who also wished not to be named, told TechCabal.  KCB isn’t the only Kenyan bank to choose this model. According to an industry insider, Equity Bank and NCBA have been using colocated facilities over the last few years to manage costs, signalling a growing trend among local banks to favour off-site data centre solutions.  Kenyan banks have also began upgrading their core banking applications. In October, Stanbic upgraded its core platform, Temenos, to version R24. KCB uses Temenos for traditional banking and recently updated it to version R21 for its Rwandan operations. However, KCB uses Sopra, a different core system for digital banking services. 

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  • November 1 2024

Techstars Lagos shuts down after two years and 24 investments

Two years after launching its accelerator program in Nigeria, ARM Labs Lagos Techstars, also known as Techstars Lagos has shut down. It will also discontinue the third cohort program, which began in March 2024.  Techstars’ global Chief Brand and Communications Officer, Matthew Grossman, confirmed the shutdown in an email.  “Techstars’ partnership with ARM Labs has ended, and we will not proceed with a third ARM Labs Lagos Techstars Accelerator Program. The first two cohorts featured outstanding companies and founders, supported by a dedicated group of mentors,” Grossman said.   The 24 founders and their companies funded by ARM Labs Lagos Techstars will remain Techstars portfolio companies and continue to have access to and support from the global Techstars network.  “We remain optimistic about collaborating with the local startup community to maintain our presence in this vibrant innovation hub,” Grossman said.  Techstars, a global venture capital accelerator with over 4,500 portfolio companies, partnered with Nigerian-based ARM Labs to bring its three-month program to Lagos for the first time in December 2022. The program, ARM Labs Lagos Techstars, ran two cohorts, bringing 24 startups under Techstars’ portfolio. Each startup received up to $120,000 in funding.  By 2024, Techstars had invested about $2.4 million in startups, including Surge Africa, Rana, PressOne Africa, Jump n Pass, GetEquity, Beauty Hut Africa, Oystr Finance, Keza Africa, Keble, and Flick, among others. “I will continue to operate in the African venture ecosystem,” wrote Managing Director Oyin Solebo in a farewell letter dated September 20, 2024. Program Manager Oluwadunmi Fanibe moved on in August to join Google as a Mentor. 

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