Business: Latest News
Peter Pedroncelli, 5:26 am AFKI Original
Tunisia has its own car manufacturer, and it has plans to continue the rise it has experienced in recent years with new designs and a focus on environmentally friendly car manufacturing. Based in La Marsa, the company is still relatively new, as it was only founded in 2006, but it has already made an impact in the market and is selling in Europe, Central America and the Middle East. A pioneer among Arab and African car makers, Wallyscar is determined to succeed in an industry that is dominated by European, American and Asian competitors.
Peter Pedroncelli, 6:42 am
South African medical tech startup Essential Medical Guidance, known simply as EMGuidance, won the South African leg of the Seedstars World competition at the end of June. EMGuidance provides a mobile app, which was launched last year, allowing doctors and medical professionals to source treatment protocols for chronic conditions and information on medication that differs from region to region, giving those in the medical profession the ability to make informed decisions.
Kurt Davis Jr., 5:25 am AFKI Original
While Donald Trump continues to dominate the headlines, the major storyline from the recent G20 meeting may be that Germany’s Chancellor Angela Merkel is taking charge on the global stage, and at the top of her agenda is African development. While climate change is still an important focus for the G20, there were a number of strategic initiatives that came to the forefront with regards to Africa.
Tom Jackson, 8:41 am AFKI Original
African tech hubs play a crucial role in the business development of tech startups, but many of them are struggling for sustainability. Hubs must understand the local ecosystem within which they operate, as well as the needs of their customer startups, keeping in mind that there is no one-size-fits-all approach that works perfectly for all tech hubs on the African continent.
Peter Pedroncelli, 6:11 am
Four South African banks have joined the Society for Worldwide Interbank Financial Telecommunication’s (SWIFT’s) blockchain proof of concept initiative, joining a number of major global banks in doing so. South Africa’s four traditional banking giants, Absa, FirstRand Bank, Standard Bank and Nedbank have joined the blockchain proof of concept initiative, which aims to determine whether blockchain can assist banks improve their global liquidity by reconciling their international nostro accounts in real-time.
Staff, 9:24 am
In June 2017 the Togolese government awarded two new Internet service provider licenses. The winning companies are Teolis and GVA. The government expects the new Internet service providers to boost competition and lower prices, feeding increased adoption of high-speed Internet services. The companies are expected to launch their first services in the first quarter of next year. This boost to competition is going to push up broadband penetration in the country to 1.1 percent by the end of 2021.
Staff, 8:44 am
The number of domestic manufacturers using the barcode technology has increased to over 1,500 companies and 18,000 products. GS1 TZ National Limited Barcode Exec Mabamba Maregesi said at the Dar es Salaam International Trade Fair that there was increased awareness on the benefits of using barcode.”The business community comprising small, medium and large entrepreneurs has been acquiring barcode technology for their products to compete in the domestic, regional and international market,” he said.`
Staff, 11:51 am
More than half of South African workers want their companies to put new technologies to work faster, so that they can be more efficient (53 percent); and they want their employers to use them and other resources more creatively (52 percent). Those are just two of the results from research by Quocirca and Coleman-Parkes on behalf of Ricoh that sought to investigate the impacts of digital disruption, economic uncertainty, regulation and governmental policies, and the skills and talent gaps.
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.
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