Business: Latest News

  • 10 Of The 20 Startups Selected For The World Bank’s XL Africa Accelerator

    XL Africa By Peter Pedroncelli, 6:38 pm AFKI Original

    The World Bank Group is committed to supporting the growth of Africa’s digital economy through XL Africa, a business acceleration initiative that is providing a raft of benefits for the 20 most promising startups in sub-Saharan Africa. These African digital entrepreneurs have an opportunity to be mentored by various global specialists, increase their visibility on the continent and receive access to corporate partners and investors.

  • Somalia Launching Its First Innovation Tech Hub In Mogadishu

    Somalia's first ever innovation tech hub, iRise, will launch in September. Photo - Techcabal By Peter Pedroncelli, 7:37 am

    Somalia’s first innovation tech hub is set to open in Mogadishu this September, supporting the growth of tech startups in the country. The tech hub based in the country’s capital will be called iRise Hub, and will provide a co-working space, as well as research, incubation, and acceleration services for new startups. While connecting, collaborating and sharing ideas, Somali entrepreneurs at iRise Hub will aim to further develop the tech sector in the country.

  • New DotAfrica Internet Domain Attracts Thousands Of Registrations

    New DotAfrica Internet Domain Attracts Thousands Of Registrations - DotAfrica internet domain finally online in July. Photo - KMB By Peter Pedroncelli, 4:45 am

    The new dotAfrica internet domain continues to attract interest, with thousands registrations taking place for the top-level domain. The dotAfrica top-level internet domain attracted over 8,000 registrations since its launch in July this year, displaying a popularity for the domain among businesses, organisations and individuals, with brands such as banks and media companies ensuring that they captured a domain for themselves.

  • New Tech Listing Set For The Johannesburg Stock Exchange

    A new tech listing for the JSE - 4Sight Holdings. By Peter Pedroncelli, 6:15 am

    The Johannesburg Stock Exchange is set to welcome a new tech listing in October, with data technology company 4Sight Holdings joining the South African bourse next month. The development represents the first new tech listing on the Johannesburg Stock Exchange in almost three years, with 4Sight Holdings listing on the JSE’s Alternative Exchange – AltX. The last JSE tech listing was Cartrack in 2014.

  • Emerging Markets Streaming Video Company Iflix Launches In Ghana

    Ghanaian actor and broadcaster Chris Attoh, has been made Ghana's ambassador for Iflix. Photo - Ameyaw Debrah - emerging markets By Peter Pedroncelli, 6:14 am

    Malaysian subscription streaming video service iflix, which is focused on emerging markets, has officially launched its services in Ghana as part of the company’s expansion into Africa. Customers in Ghana will now be able to sign up for the video-on-demand services from the Netflix competitor, which is focused on the lower end of the streaming market, launching its operations with mobile networks as partners.

  • The World Bank’s IFC Invests In Kenyan Mobile Tech Startup

    mobile tech provider By Staff, 8:52 am

    The IFC is investing $6M into Africa’s Talking, an African mobile tech provider. The Nairobi-based start-up offers bulk SMS, short code and premium SMS, in addition to customized mobile messaging solutions for its customers. The IFC is the largest global development institution focused exclusively on the private sector in developing countries. The funds have been earmarked for the expansion of Africa’s Talking, with the IFC aiming to help it utilize more markets than the current seven countries.

  • How Egypt’s Technology Sector Became Strong

    technology sector By Staff, 8:25 am

    For a young Youssri Helmy, it was a Tandy Radio Shack 80 that first piqued his curiosity in technology. For Wael Amin, it was the Commodore 64 that he received when he was four years old. Youssri and Wael developed a passion for using technology to solve some of the world’s toughest problems, and put that passion to work by founding an Egyptian technology company called ITWORX, a firm that would grow to employ over 800 people with 8 offices. For Youssef Aly, it was an MSX computer he programmed.

  • Facebook Announces Developer Circles In South Africa

    Facebook By Staff, 8:08 am

    Social media giant, Facebook, announced on September 6, 2017, that the company has begun the roll-out of Developer Circles in South African cities; Durban, Cape Town, Johannesburg and Pretoria. The project, which was launched at Facebooks Developer Conference (F8) in April 2017, now comprises of over 70 initiatives around the world, the four South African circles join other African countries in Cairo, Casablanca, Dakar, Harare, Lagos, Nairobi and Tunis.

  • TedGlobal Continues In Tanzania And Focuses On African Tech And Talent

    TEDGlobal By Staff, 9:26 am

    As TedGlobal 2017 continues in Tanzania, neurotechnology pioneer Oshiorenoya Agabi of Nigeria has grabbed global headlines with his talk on how to fuse silicon chips and neurons to deliver a revolution in artificial intelligence and computational capacity. That’s the work he’s doing at Koniku in San Francisco, but Agabi was joined by other Africans whose cutting edge entrepreneurship brought them to Arusha. Among the participants was President Paul Kagame of Rwanda, the founder of #Adtags.

  • Forget Silicon Valley, Female Tech Founders In Africa Are Closing Gender Gap

    Female Tech Founders By Staff, 8:57 am

    The latest high-profile scandals in Silicon Valley highlight that the battle for gender equity in the United States is far from won. Despite the tech industry’s progressive reputation, its track record for hiring, promoting and funding women is bleak: Only 17 % of American startups have female founders. But, halfway across the globe in tech hubs like Lagos, Nigeria, and Nairobi, Kenya, 46 percent of African ventures have a female founder and prospects for closing the gender gap there are high.

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