Peter Pedroncelli, 8:51 am
A total of 11 Cameroonian tech startups have been selected to take part in the country’s local Seedstars World competition on September 29, with the winner of the early-stage startup contest in Douala earning the right to pitch to investors at a final in Switzerland next year. The global tech startup competition will be the first-ever Seedstars event in Cameroon, with the 11 startups who were announced this week pitching to a panel of judges.
Peter Pedroncelli, 6:15 am AFKI Original
Mobile internet is incredibly important to Africans, with a high mobile penetration rate making mobile the major medium through which Africans connect to the internet. Broadband, or fixed line internet, speeds via desktop or laptop computers are constantly improving throughout the continent, but it is on mobile that some of Africa’s top speeds may surprise people, with one East African nation in particular enjoying faster average mobile internet speeds than people in the U.S.
Peter Pedroncelli, 6:40 am AFKI Original
Africa loves sport, and the popularity of numerous top sports such as soccer, rugby and cricket has inevitably attracted tech companies that are interested in funding sport in the form of sponsorship deals to be associated with the various teams, competitions and players. Numerous global and local tech brands benefit from this, while the sports themselves require the finances provided by these deals to survive and thrive.
Peter Pedroncelli, 3:44 am
In the confusion and concern surrounding the potential for hyperinflation to heavily affect Zimbabwe, bitcoin has become a viable and popular means of transacting with regards to big ticket items, driving the price of the cryptocurrency on the local exchange. The price of bitcoin on Zimbabwe’s exchange, BitcoinFundi, was trading at a 85 percent premium at $7,200 per bitcoin on Wednesday.
Peter Pedroncelli, 3:19 am
South African bitcoin wallet and exchange, Luno, has expanded into Europe while attracting an additional investment of $9 million in a recent round of funding. Luno announced that it was expanding its service offering to cater for an additional 35 markets in Europe, bringing its total number of territories to 40. The bitcoin exchange enjoyed a successful Series B funding round led by London-based venture capital firm Balderton Capital.
Peter Pedroncelli, 5:15 am
A Rwandan startup called EarthEnable has been crowned as the winner of an international sustainability innovation competition for an ingenious idea that is focused on helping poorer communities. EarthEnable won the annual Postcode Lottery Green Challenge thanks to their sustainable alternative for cement as a replacement for dirt floors, winning the Rwandan startup $600,000 in prize money.
Peter Pedroncelli, 3:49 am AFKI Original
The Seedstars Lagos Competition served as the Nigerian leg of the global early-stage startups competition for emerging markets took place at the end of August, with 10 of the best startups vying to be the representative from Nigeria for the global final event next year. Here are the 10 tech startup finalists that were in consideration for the Seedstars Lagos Competition.
Peter Pedroncelli, 7:13 pm
It may seem counter-intuitive, but Africa’s richest man, Aliko Dangote has been quoted as saying that he wishes for the oil price to remain low, with his oil-rich Nigerian homeland in mind. Speaking at the United Nations general assembly in New York, the business leader told investors about Nigeria’s potential as an agricultural powerhouse, as well as his prayers with regards to the oil price
Peter Pedroncelli, 5:50 am AFKI Original
Instant messaging apps have become indispensable for most modern smartphone users, and Africa is no different, with a number of popular mobile applications being used around the continent. Engaging with friends and family has never been easier, with mobile phones equipped to facilitate messaging via these apps, making communication affordable and more accessible than ever before for African users.
Peter Pedroncelli, 10:57 am
A specialized version of the the Google-owned online video service, called YouTube Go, has been made available to Nigerian users through the launch of a mobile app in the country. The U.S.-based company announced that the YouTube Go app is now available for initial public download in Nigeria. Google chief executive Sundar Pichai and his team visited Nigeria in July to unveil a YouTube version built for Nigerians with slow internet speeds.