Peter Pedroncelli, 5:54 am
Africa has experienced a major growth of new mobile subscriptions during the first quarter of 2017, with nine million Africans signing up for new services during that time. Out of 107 million new mobile subscriptions that were added globally, nine million were from Africa with three million of those from Nigeria alone, according to the latest Ericsson Mobility report. In terms of the total mobile subscriptions globally, Africa now has 985 million, more than the total amount of subscriptions in Western Europe (520 million) and the Middle East (415 million) combined.
Peter Pedroncelli, 5:49 am
Global B2B cross-border mobile payments network, TransferTo, is working with African e-commerce platform, MallforAfrica, to offer digital payments that give online shoppers in Africa access to over 200 major e-retailers across Europe and the U.S. Founded in 2011, MallforAfrica enables Africans to purchase products from numerous international online retailers through their e-commerce platform. There are over 277 million registered mobile money accounts in Africa, far more than the number of open bank accounts, giving mobile money the potential to be a primary enabler of e-commerce payments in Africa
Peter Pedroncelli, 8:09 am
Ghanaian new media startup OMG Digital has raised $1.1 million in seed funding that will be used to help fulfill their growing reputation as the ‘BuzzFeed of Africa’. OMG Voice, the primary website run by the group, currently operates with versions in Ghana, Nigeria, and Kenya, and the new investment will go towards expanding the footprint of the brand to additional African territories. Known as the ‘BuzzFeed of Africa’ due to the company’s focus on creating content for millennials, the tech startup creates and curates listicles, pictorials, videos and memes with an African audience in mind.
Peter Pedroncelli, 4:39 am AFKI Original
Africans ascribe value to various tech brands that they use and love, with international businesses working hard to earn the trust and loyalty of the average African consumer. A growing middle class on the African continent is savvy and aware of what brands can offer them in terms of improving their lifestyle. Many of these brands have earned the respect and loyalty of African consumers, with BrandAfrica ranking them in terms of the most valued brands from an African perspective. We take a look at 12 of the most valuable global tech brands according to Africans.
Peter Pedroncelli, 3:54 am
Naspers, Africa’s biggest company by market value, is set to approach American and British investors to discuss a bond issue in an effort to continue the expansion of their online businesses and interests through more acquisitions. Cape Town-based Naspers is a global internet and entertainment group that has built a reputation as one of the largest technology investors in the world. It owns stakes in numerous international companies including Multichoice, ShowMax, Mail.ru, Flipkart, PayU, Konga, Takealot.com, OLX and Chinese investment holding company Tencent, giving Naspers a market value of around $90 billion.
Peter Pedroncelli, 6:38 pm AFKI Original
Africa is a continent of great opportunity and potential, but as a whole, the continent needs to work to become more globally competitive for the benefit of industries such as tech to truly thrive. Africa competes for foreign direct investment with other emerging markets such as Asia, Latin America, and the Caribbean. Africa needs to address a number of key issues in order to rival their main competitors in the market and carve out a competitive landscape that will attract foreign direct investment. Africa’s average competitiveness ranking is 21 percent compared to Latin America and The Caribbean’s average ranking of 40 percent, and Asia’s average ranking of 57 percent.
Peter Pedroncelli, 6:15 am
While wearable tech is all the rage across the globe, Africa is not being left behind, with first quarter data showing impressive growth for the African region, alongside the Middle East. Wearable devices such as the Samsung Gear and Apple iWatch have gained traction in Africa, and the latest figures compiled by the International Data Corporation show an upward trend for the fashionable and functional accessories. The International Data Corporation’s Worldwide Quarterly Wearable Device Tracker for the first three months of 2017 illustrates that shipments of wearables were up 30.2 percent year-on-year.
Peter Pedroncelli, 5:08 am
Nigerian fintech startup NetPlus has worked in partnership with global payments giant Mastercard to develop an e-commerce solution that provides the Nigerian and wider African markets with more cashless payment options. The e-commerce sector in Nigeria and most of Africa is held back by the fact that cash is still widely used, but this partnership aims to address that and make a cashless consumer culture more attainable in the region.
Peter Pedroncelli, 9:26 am
The winners of the Facebook First Bots for Messenger Developer Challenge were announced this week, with submissions from Egypt doing very well. Egyptians featured prominently among the winners and runners-up of the three categories, as did Morocco. A total of 60 finalists from 64 countries in the Middle East and North Africa region were considered for the eventual winner’s prize, which included $20,000 in addition to three months of Facebook mentorship.
Peter Pedroncelli, 3:00 am AFKI Original
African tech innovators create jobs while finding solutions to modern African problems, and they deserve to be celebrated for the important role they play in society. Twitter has become a popular short-message platform in which to connect with the masses, and African innovators, along with the wider audience on the continent, have adopted the social media platform via mobile and desktop. Here are 12 African tech innovators who are worth following on Twitter.