Business: Latest News
Staff, 10:25 am
VCs and startup founders rarely pay attention to slow-moving but powerful macro global events, especially with so many fast-moving things to focus on at the micro level, like technology, teams, and trends. While VCs and startup founders often are the earliest to know about technological advances bubbling from the bottom up (while public-market hedge fund and global macro investors find out about them only later), they often are the last to know about global macro forces that may impact them.
Staff, 9:50 am
The second edition of the Global Cybersecurity Index 2017, released earlier this week by the International Telecommunications Union (ITU), an agency of the United Nations, measured the commitment of ITU Member States to cyber security and highlighted a number of illustrative practices from around the world. The survey measures the commitment of countries to cyber security based on five pillars namely: legal, technical and organizational measures, capacity building and international cooperation.
Peter Pedroncelli, 7:39 am AFKI Original
Technology has an important role to play in African daily life, and in fact, some mobile apps that have been created contribute to saving lives. Mobile apps are easily accessible, often free or cost-effective, and can be used on the go. Whether helping to enhance healthcare, assist with security or summon law enforcement, the mobile apps on this list have been designed specifically to deal with challenges and assist African communities with crucial elements of their lives. Here are 12 mobile apps that are saving lives in Africa.
Peter Pedroncelli, 2:56 am
The World Bank and venture capital firm Nest have announced a call for applications for the Agritech Challenge 2017 in Kenya. The initiative is the first open innovation program of its kind in Kenya, and it is aimed at connecting promising startups and innovators with one of the region’s leading agribusiness corporates. The AgriTech Challenge, which is sponsored by the World Bank, aims to spur collaborative innovation within the agricultural sector in Kenya.
Tom Jackson, 3:38 pm AFKI Original
Informal markets represent an incredible opportunity in Africa. In Zambia, for example, the informal sector accounts for 90 percent of employment, and represents well over one million informal businesses. Key areas that need exploring are agribusiness, textiles, timber and forestry, as there are huge opportunities to disrupt smallholder enterprise systems and introduce innovative concepts that can be sustainable and profitable.
Peter Pedroncelli, 10:40 am
South African fintech startup JUMO has announced the appointment of Amazon EC2 founder Chris Pinkham as an active independent director of the company. Cape Town University-educated Pinkham begins work for the South African company with immediate effect, having left his role as vice president of Engineering at Twitter in February this year, and will be working with JUMO’s leadership team on technical and product strategy.
Peter Pedroncelli, 10:19 am
Nigerian tech startup LegitCar has launched a database of cars in Nigeria that have been reported as stolen, with functionality built into the database that allows prospective car buyers to check whether the vehicle they wish to purchase is listed as stolen. In development since September of 2016, LegitCar makes money by charging a small fee to clients who want to double-check the legitimacy of the car they wish to buy. Using the vehicle identification number or chassis number, which is unique for each vehicle, the system determines whether the car in question is legitimate, or whether it has been flagged as missing or stolen.
Peter Pedroncelli, 7:23 am
Kenya is the first country in the world to issue a mobile phone-based bond that does not require the availability of a bank account. The Kenyan government began selling a three-year infrastructure bond, known as M-Akiba, on March 23, issuing an initial $1.44 million worth that was sold out in a matter of days. The success of the bond issue via mobile has led to another $9.64 million being made available following the first part of the bond being fulfilled.
Staff, 12:53 pm
These short films, which were recently showcased at the German cultural center in Nairobi, share one trait: they are all virtual reality productions. They are stunning visual debuts from four African directors representing three countries, Ng’endo Mukii (Kenya), Selly Raby Kane (Senegal), Jonathan Dotse (Ghana), and Jim Chuchu (Kenya), respectively. Virtual reality has gained new currency in the entertainment, gaming, and even journalism industries, generating billions of dollars in revenue.
Staff, 12:18 pm
Mobile phone text messaging is a powerful tool for improving quality of care, as shown by José António Nhavoto in his doctoral thesis in informatics at Örebro University. He has developed and tested a method in Mozambique, helping patients with severe diseases to follow through with their treatments.Combining care and communication in his thesis project,Nhavoto has examined how text messages can be used in different ways to improve care for patients linked to 16 healthcare centres in Mozambique.
- Real Estate