Business: Latest News

  • 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.

  • eBay Expands To Africa

    eBay By Staff, 8:31 am

    eBay opened up its U.S. platform to Africa through its partnership with MallforAfrica.com. Americans can now buy products on eBay from select vendors in six African countries, starting with merchandise in fashion, art, jewelry, and clothing. MallforAfrica selects the sellers and handles payments. DHL is the shipping. Online shoppers can browse the entire collection on eBay’s Mall for Africa Store. The new online channel expands an existing relationship between the two e-commerce companies.

  • Facebook’s Developer Circles Initiative Launching In Four South African Cities

    Developer Circles - Facebook Africa office. Photo - Twitter By Peter Pedroncelli, 7:05 am

    Facebook plans to roll out its Developer Circles initiative in four cities across South Africa, which serves to allow members to interact and learn about developing on the social media platform. The free community-driven initiative will now be available to developers in Johannesburg, Cape Town, Durban and Pretoria. Developer Circles members meet up on a regular basis to discuss projects that they are working on and assist each other in solving problems.

  • Google’s Emerging Markets Startup Accelerator Expands To More African Countries

    Google CEO Sundar Pichai announced the availability of YouTube Go for Nigerians during his visit to the country. Photo - TechDemi By Peter Pedroncelli, 6:02 am

    Google’s emerging markets startup accelerator, Launchpad, has expanded to seven additional African countries from the original three eligible for the program since May of this year. This means that growth stage startups in Algeria, Egypt, Ghana, Morocco, Tanzania, Tunisia, and Uganda can now apply to be part of the accelerator program. Previously the only three African countries considered for applications were South Africa, Kenya and Nigeria.

  • 10 Ways In Which Drones Are Positively Impacting Industries Across Africa

    pioneering digital media projects By Peter Pedroncelli, 8:25 am AFKI Original

    There are a number of ways in which drone technology is positively impacting industries in Africa, with numerous sectors benefiting from the advantages that drone tech provides. Previously associated with warfare and destruction, drones of all shapes and sizes are now being developed to tackle everyday issues and empower communities across the continent. From agriculture to safety in shark-infested waters, drones have found their place in a modern African context.

  • South Africa And Russia Sign Cybersecurity Cooperation Agreement

    cybersecurity cooperation agreement By Peter Pedroncelli, 5:50 am

    South Africa and Russia have reportedly signed a cybersecurity cooperation agreement that will see the two BRICS nations working closer together in an effort to strengthen their defenses against cyber threats. The deal was officially signed at the BRICS summit in Xiamen, with high level diplomats from both countries, Sergey Lavrov of Russia and Maite Nkoana-Mashsbane of South Africa, putting pen to paper on the agreement.

  • Kenyan Taxi-Hailing App To Take On Uber And Taxify In Nigeria

    Taxi-Hailing App By Peter Pedroncelli, 4:33 am

    A Kenyan taxi-hailing app called Little Cab is set to take on the Nigerian market from October, moving on to turf currently dominated by more established players in Uber and Taxify. Kenyan tech firm Craft Silicon’s on-demand ride service, which is backed by leading East African mobile operator Safaricom, will launch operations in the Nigerian city of Lagos from October 8.

  • 10 Challenges For Mobile Operators In Sub-Saharan Africa To Negotiate

    Mobile operators - Africa set to be the fastest growing mobile userbase in the coming years. Photo - Answers Africa By Peter Pedroncelli, 1:03 pm AFKI Original

    Mobile operators in sub-Saharan Africa have a unique set of challenges that they face in the region, but if they manage to overcome these obstacles, success awaits. Sub-Saharan Africa is home to many mobile operators who have dominated their markets, from Vodacom in South Africa to Safaricom in Kenya, but that dominance has not come easy. Now a fresh set of issues stand in the way of further success on the continent.

  • South African IT Firm Completes Sale Of US Business To Fortune 500 Company

    Datatec has completed the sale of Westcon-Comstor’s operations in North America and Latin America to Fortune 500 company SYNNEX. Photo - Msgroup By Peter Pedroncelli, 6:24 am

    South African IT firm Datatec has completed the sale of U.S. subsidiary Westcon-Comstor’s operations in North America and Latin America, as well as 10 percent of Westcon-Comstor to Fortune 500 company SYNNEX. The deal could be worth up to $830 million, with $630 million paid in cash and up to $200 million payable as a cash earn-out, subject to Westcon Americas meeting pre-approved gross profit performance targets.

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