Business: Latest News

  • Opinion: Rwanda Is East Africa’s New Tech Development Star, Kenya Falling Behind

    Rwanda has been recognized for its tech development efforts. Photo - The New Times By Tom Jackson, 10:49 am AFKI Original

    While both Kenya and Rwanda admit to the importance of tech development in spurring economic success, the countries have two different approaches. Kenya’s tech development has stalled, mostly on President Kenyatta’s watch, and the government needs to match its rhetoric with action if it is to get it going again. In contrast, Rwanda is earning a reputation as a test kitchen for startups, and a recent report placed the country first in government success in ICT promotion.

  • WorldRemit And Bank Of Kenya Join Forces To Expand Remittance Options For Kenyans

    WorldRemit And Bank Of Kenya Join Forces To Expand Remittance Options For Kenyans By 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.

  • 10 Innovative Startups Selected To Participate In The 2017 Barclays Accelerator Program

    Fintech startups - Announcing the Barclays Accelerator, Powered by Techstars Cape Town Class of 2017. Photo - Techstars By 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.

  • World’s Largest Mobile Virtual Network Operator Chooses South Africa As Regional Launchpad

    Lycamobile is a British mobile virtual network operator. Photo - Taxiadvertising By 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.

  • African Fintech Startups Become More Attractive For Investors

    fintech By Staff, 11:48 am

    If you follow the right accounts for young African tech entrepreneurs on Twitter, it can feel like there’s a never ending debate about who gets funding or not in Africa. While many of those debates have grown, founders from one sector of the startup space have been more positive than most: fintech.Take Flutterwave, a payments company which builds infrastructure to ease processing payments across Africa, it’s raised $10 million in its Series A round. Flutterwave was co-founded by Iyin ‘E’ Aboyej.

  • Nigeria Announces Smart Cities Project Plan

    By Staff, 8:29 am

    The Federal Government says it is embarking on Smart City project in order to leverage on technology solutions to improve efficiency of cities across the country. The minister of communication Adebayo Shittu disclosed this at the opening ceremony of the Smart Cities Nigeria Summit yesterday in Abuja. The minister said the with the development of new technological innovations–mainly ICTs–the concept of the “Smart City” has emerged as a means to achieve more efficient and sustainable cities.

  • A Look At Five South African Women Commanding The Tech Space

    Soth African women By Staff, 8:02 am

    There are many women doing great things in tech in South Africa, making their mark with cool initiatives and strong leadership roles. Gender diversity in technology is an ongoing challenge, and women have to constantly prove their capabilities and strengths.
    Here are 5 women in the ever growing fast-paced South African tech space.Barbara Mallinson is the founder and chief executive of Obami, a social learning platform being used by hundreds of schools across Africa, Europe and the United States.

  • 10 African Billionaires Who Can Thank Tech For Their Fortunes

    African billionaires - Egyptian Naguib Sawiris is a popular figure on Twitter. Photo: Ventures Africa By 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.

  • University Of Cape Town Team Wins GirlCode Hackathon By Creating Innovative Website

    The winning University of Cape Town team who won the GirlCode Hackathon. Photo - IOL By 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.

  • Tanzanian Former Beauty Queen Creates Successful Body-Care Brand From Parents’ Backyard

    Body-care brand By Ann Brown, 3:46 am AFKI Original

    Former Miss Universe Tanzania Hellen Dausen has taken the body-care market by storm in her home country, making a name for herself as the founder of Nuya’s Essence. Faced with issues such as dealing with sexists, being looked down upon, and not being trusted to deliver good work, Dausen has overcome the odds to create and build a brand that is unique and well-respected.

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