Business: Latest News
Staff, 11:54 am
Bridge International Academies, operates 405 schools in Kenya, educating children from preschool through eighth grade, for a fee of between $54 and $126 per year, depending on the location of the school. It was founded in 2007. From early on, the founders’ plans for the world’s poor were audacious. Bridge promised to revolutionize primary-school education. The Bridge concept has galvanized many of the Western investors and Silicon Valley moguls who learn about the project.
Staff, 9:43 am
The first-ever Egyptian-made mobile phone was unveiled on local TV show Sabah Al Khair ya Masr. The Egyptian Minister of Communication and T echnology Yasser al-Qady unveiled the Egyptian-made 4G phone, expressing his congratulations to Egyptians and asserting that this cell phone is enhanced by great capabilities and will be sold at a competitive price. Al-Qady added that the government is following a strategy based on affording governmental services through high-technology standards.
Staff, 9:30 am
Cape Verde has received a grant from the World Bank, to finance the distributed solar energy system project.
It is i ntended that part of the proceeds of this grant will be used to pay the contractor for supply, installation and commissioning of grid-connected photovoltaic (PV) systems for self-consumption of the central and regional hospitals of Cabo Verde. The Ministerio de Economia e Emprego invites sealed bids from interested bidders for the supply of the goods and related services.
Sci-Tech Could Nigeria Make 9th Largest Economy In The World Declared Minister Of Science and TechnologyBy Staff, 9:15 am
Nigeria’s Minister of Science and Technology has said if science and technology is exploited and harnessed, could result to Nigeria becoming the 9th largest economy in the world. The Minister stated this after his Ministry had presented the 2017 to 2030 Science and Technology Roadmap to a sitting of the Federal Executive Council (FEC). The Science and Technology Minister said the roadmap is aimed at projecting Nigeria to occupy the position of the 9th largest economy in the world by 2050.
Kurt Davis Jr., 11:08 am AFKI Original
As the second half of 2017 comes into focus, entrepreneurs and private equity managers alike want the narrative in investor circles to change regarding sub-Saharan Africa and fundraising opportunities. Investor sentiments remain that sub-Saharan Africa is still rebounding from the economic challenges of 2015 and 2016, but the focus for entrepreneurs and private equity managers should be on the oil importers and emerging Francophone Africa.
Peter Pedroncelli, 4:27 am AFKI Original
Based in Johannesburg, South Africa, Facebook’s Africa headquarters was recently custom-built and launched, with the social media mega-company now building a larger presence on the ground in Africa. From a mothers’ room to numerous meeting rooms and a stunning balcony that overlooks the city, a glimpse of Facebook’s Africa offices makes one wish that their company would offer the same awesome facilities. We take a look at 12 things you didn’t know about Facebook’s Africa headquarters.
Peter Pedroncelli, 3:27 am
South Africa’s First National Bank has taken the decision to make their mobile app zero-rated across all mobile networks in the country, following discussions with all of the major service providers. This means that users can use the mobile app without using their data, enjoying free app services while on the major networks of Vodacom, MTN and Cell C. The bank already offers free access to its mobile app to all First National Bank Connect customers, and free WiFi is available in most of the bank’s branches for customers to download the app.
Ann Brown, 5:46 pm AFKI Original
At age 18, Knight Ganje knew he wanted to be a businessman. When a friend invited him to visit Botswana he persuaded his mother to let him go. Once there he started taking odd jobs such as painting to survive until a local entrepreneur decided to mentor him, and the rest is history. Fast-forward 11 years and high school dropout Ganje is at the head of H&G Advertising Group, Botswana’s biggest ad agency with a turnover of $38 million annually and clients that include Unilever, Emirates, Coca-Cola, and Samsung.
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
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