Business: Latest News

  • Artificial Intelligence Bot That Teaches Languages Wins Seedstars Ethiopia

    LangBot wins the Seedstars Ethiopia event in Addis Ababa. Photo - Twitter By Peter Pedroncelli, 6:24 am

    LangBot, an artificial intelligence language teaching chatbot emerged as the winner of Seedstars Ethiopia, the early-stage startups competition that spans the globe and chooses winners from a selection of impressive tech companies. LangBot will now represent Ethiopia at the Seedstars World final alongside the winners of local Seedstars events in Uganda, Tanzania, South Africa, Tunisia and Mozambique, after the gamified chatbot innovation was selected as the best Ethiopian startup at local tech hub Iceaddis on Monday.

  • 12 African Countries With The Fastest Broadband Speeds

    Fastest broadband speeds - Internet speeds are increasing across Africa. Photo - QZ By Peter Pedroncelli, 7:59 am AFKI Original

    In business terms, countries with the fastest broadband speeds have a distinct advantage over others, and this is especially true for Africa. The research took into account 189 countries, including most African nations ranking them from first to last with regards to average speeds that users experience in those countries. Singapore ranks as the world’s fastest country with speeds of 55.13Mbps, while Yemen is in last place in the ranking at an average speed of only 0.34Mbps.

  • International Investors Looking At South Africa Tech Companies

    Foreign tech investors By Staff, 9:05 am

    Law firm Baker McKenzie has released its latest quarterly Cross-border M&A Index, showing a massive drop in the number of inbound M&A deals across Africa and South Africa – but there’s a positive spin for the SA tech sector. According to the report, there were 17 inbound M&A deals in Africa in the second quarter of 2017 – a 48 percent drop from 33 deals in Q2 2016. The deal value for inbound deals amounted to $780 million, decreasing by 83% year-on-year and 88% on a quarter-by-quarter basis.

  • Senegal Start-Up Looks To Train Young Coders

    coding By Staff, 9:20 am

    Senegal’s tech scene has been slow to get off the ground due to a lack of qualified coders. But a locally run company is trying to change that, while also helping young people find jobs. Local tech start-ups are tackling day-to-day conveniences in the capital, Dakar. Firefly places TV screens in public buses, but has struggled to find qualified web and mobile app developers in Senegal. “They are trained in technologies we do not work with,” explains Mafal Lo, one of the co-founders of Firefly.

  • She Leads Africa Teams With Dark & Lovely For African Women’s Tech Accelerator

    She Leads Africa By Staff, 8:52 am

    The picture isn’t rosy. Of the STEM disciplines, tech is the only one where the participation of women has actually decreased in the last 20 years.This is due to many reasons, not the least of which is the underestimation of the entrepreneurship potential of women. She Leads Africa, a community that helps young African women achieve their professional dreams, in partnership with beauty brand, Dark & Lovely Africa, has just opened applications for the 2017 Dark & Lovely x SLA Beauty Accelerator.

  • How Technology Is Empowering South African Women

    women By Staff, 8:18 am

    The IT industry is in a position to change the roles of women in the workplace and society–as new technology-enabled learning, employment, and business opportunities emerge in the digital era. We’re seeing a number of important tech trends converging: from high-speed mobile networks, to low-cost smartphones, publicly-available e-learning tools and powerful Cloud-enabled software. Today, one’s location becomes less important, as women in rural areas gain more opportunities to empower themselves.

  • Silicon Valley Incubator Funds Nigerian-American Startup To Help African Businesses Find Trustworthy Partners

    Nigerian-American startup - Ikenna Nzewi, Isaiah Udotong and Uzoma Ayogu are the Nigerian-American founders of Releaf. Photo - Just Shoot Photography By Peter Pedroncelli, 4:29 am

    Solving one of the most frequently sited problems in Nigerian agribusiness, Nigerian-American startup Releaf facilitates a business-to-business marketplace that enables Nigerian businesses to find customers and partners that they can trust. The startup, which is currently taking part in Y Combinator, has signed up around 1,000 African businesses since its public launch in Nigeria at the start of August.

  • University Of Cape Town Becomes The First African College To Offer Fintech Degree

    Fintech Degree By 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.

  • 12 South African Women Who Are Influencing Tech

    Influencing tech - Rapelang Rabana is the founder of Rekindle Learning. Photo - Lionesses of Africa By 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.

  • Streaming Video Company Iflix Raises $133M In Funding To Enable African Expansion

    Streaming Video Company Iflix Raises $133M In Funding To Enable African Expansion. Photo - African Business Communities By 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.

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