Weekly Tech News (02 Nov - 08 Nov 2024)
Australia is leading the charge with a first-of-its-kind social media ban for children under 16, setting the highest age limit worldwide. Backed by Prime Minister Albanese, the policy includes strict age verification methods like biometrics and ID checks, aiming to shield young users from harmful content. No parental consent loopholes, no grandfathered accounts—just robust digital safety for the next generation.
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At the Future Investment Initiative, CEO Shou Zi Chew confirmed TikTok’s exciting plans to establish its new headquarters in Riyadh, marking a significant step towards amplifying the voices and creativity of Saudi youth on a global scale!
Aref Yehia, TikTok’s Head of MENA Business Partnerships, emphasized the strategic importance of Saudi Arabia, where the platform is actively fostering collaborations across various sectors to drive business innovation and growth.
With Saudi Arabia welcoming 540 international companies, the Kingdom is solidifying its position as a vibrant hub for global business. This aligns perfectly with the government’s vision to diversify the economy and enhance investment opportunities.
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Apple has officially welcomed @Pixelmator Pro, the acclaimed photo-editing software created by Lithuanian brothers @Saulius and Aidas Dailide, into its portfolio! Known for its user-friendly design and robust editing capabilities, Pixelmator is set to reach new heights with Apple’s backing.
This acquisition reinforces Apple’s commitment to enhancing its creative ecosystem for artists and creators everywhere!
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With $110M from Google’s Africa Investment Fund and top investors, Nigerian fintech Moniepoint Nigeria is set to reshape Africa’s financial landscape. This massive boost fuels Moniepoint’s vision to create an all-in-one banking platform, bridging financial gaps across Africa with seamless access to payments, FX, credit, and business tools.
With over 10M accounts opened and $800M processed monthly, Moniepoint is redefining digital finance for underserved communities. Now valued at over $1 billion, Moniepoint joins the prestigious “unicorn” club, positioning itself as a game-changer in African fintech.