Peter Pedroncelli, 7:22 am
The University of Cape Town in South Africa has become the first tertiary education institution in Africa to offer a specialized fintech degree, which will be available through the university from January 2018. The degree has been designed to provide students with the necessary skills and practical knowledge to acquire or further a career within the modern financial services sector, which is currently experiencing unprecedented growth.
Peter Pedroncelli, 10:43 am AFKI Original
Women have always been important role-players within tech in South Africa, and now more than ever, there are numerous women who are influencing tech in positive ways. While gender diversity in the tech sector remains challenging, some women stand out as excellent role models who are making their mark on a male-dominated industry. From startup executives to tech savvy philanthropists, these women show what a passion for tech and strong leadership qualities can produce in the South African context.
Peter Pedroncelli, 6:42 am
Malaysian subscription streaming video service iflix, which is focused on emerging markets, has secured significant funding that will be used to facilitate the company’s African expansion plans. The Netflix competitor announced that it had attracted investments amounting to $133m in new funding round led by U.S. media giant Hearst that was successful due to significant interest from both new investors and existing shareholders.
Peter Pedroncelli, 5:45 am
This week Vodacom Tanzania completed the largest initial public offering ever seen on the Dar es Salaam Stock Exchange (DSE) in its 19 years of existence. Vodacom raised $219 million for the listing, becoming the first to comply with new regulatory changes requiring telecoms companies in the country to list at least 25 percent on the Dar es Salaam Stock Exchange
Peter Pedroncelli, 8:05 am
WorldRemit, an international digital money transfer business, and the National Bank of Kenya have joined forces to the benefit of the Kenyan people, expanding remittance options for locals and those sending money to the country. The partnership enables Kenyans living abroad to make instant transfers to Bank of Kenya accounts held in both Kenyan Shillings and U.S. Dollars.
Peter Pedroncelli, 4:38 am AFKI Original
The Barclays Accelerator Program, powered by small and medium business empowerment organization Techstars, is a startup program of networking, mentoring and development at Rise, Barclays Africa Group’s fintech innovation hub. Selected from a large group of applicants from 50 countries, Barclays will work closely with 10 chosen startups to explore promising new technology-based solutions that can benefit the financial services industry and their customers.
Peter Pedroncelli, 6:47 am
British mobile virtual network operator Lycamobile is expanding into Africa, and has chosen South Africa as their first sub-Saharan African market. As the biggest mobile virtual network operators in the world, Lycamobile’s expansion to South Africa will be their first in the region, as well as the 23rd country within their list of global markets.
Peter Pedroncelli, 6:06 pm AFKI Original
There are 25 African billionaires who can stake their claim among the estimated 2,043 dollar billionaires worldwide that make up the richest of the rich. A number of the African billionaires have earned some of their wealth thanks to tech and related industries, with the modern digital world contributing revenues that have helped them to grow their personal net worth to billionaire status.
Peter Pedroncelli, 5:44 am
An all-women team of students from the University of Cape Town have emerged from the GirlCode Hackathon as winners of the event in Johannesburg, which is staged every year in August. Four female students from the university’s Information Systems department won the 48-hour challenge thanks to an innovative website called ‘Amava’, which means ‘experience’ in isiXhosa, that is designed to connect volunteers with non-governmental organizations.
Peter Pedroncelli, 6:37 pm AFKI Original
History was made in 2016 when Africa could finally celebrate its first startup unicorn, with the Africa Internet Group, now known as Jumia Group, being valued at over $1 billion in February last year. In doing so, it became the first privately owned startup to gain unicorn status, joining an elite group of 150 or so companies around the globe. The company is based in Lagos, Nigeria, and operates as a subsidiary of Millicom International Cellular S.A, using a sales approach similar to Amazon.