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Cisco wants to become a software company

Cisco announced layoffs. The California-based networking equipment company said it will let go of about 7% of its workforce,roughly 5,500 people, as it shifts its focus to software. It’s the second major tech layoff this year, after Intel in April…
Kangpe wins Seedstars World Lagos

Kangpe is the winner of Seedstars Lagos which held yesterday. It came on top of Davtonlearn, Tuteria, Legal Form, Piggybank.ng, Quickgas,  GRIT Systems, and Social Lender. Kangpe.com allows Africans discuss health issues quickly and confidentially with verified doctors 24/7 via SMS,…
Intel buys an AI startup

Intel announced the purchase an AI startup. The computer chip giant will buy Nervana Systems to help its products meet the demands of artificial intelligence. AI work is expected to become increasingly important in data centers, where Intel processors dominate.
AXA takes business model developed with Jumia to Alibaba

Alibaba and insurer AXA join to calm global customers – AXA plans to market warranty and payment protection on Alibaba’s international site, while Ant Financial (Alibaba’s financial arm) will start offering AXA travel insurance for Chinese tourists. This model was…