Ethiopia: Latest News

  • Former Morgan Stanley Executive To Invest $800M In African Solar-Powered Telecommunications Towers

    To Invest $800M In African Solar-Powered Telecommunications Towers By Peter Pedroncelli, 5:53 am

    Renewable energy firm, GreenWish Partners, which is run by former Morgan Stanley executive Charlotte Aubin-Kalaidjian, has announced plans to invest $800 million on solar-powered telecommunications towers to be built throughout Africa. Greenwish will partner with telecoms provider Orange to implement hybrid telecommunication tower systems that are completely off-grid thanks to the combination of a solar panel, a battery and a diesel generator.

  • Artificial Intelligence Language Teaching Bot 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.

  • WorldRemit And Bank Of Kenya Join Forces To Expand Remittance Options For Kenyans

    WorldRemit And Bank Of Kenya Join Forces To Expand Remittance Options For Kenyans By Peter Pedroncelli, 8:05 am

    WorldRemit, an international digital money transfer business, and the National Bank of Kenya have joined forces to the benefit of the Kenyan people, expanding remittance options for locals and those sending money to the country. The partnership enables Kenyans living abroad to make instant transfers to Bank of Kenya accounts held in both Kenyan Shillings and U.S. Dollars.

  • Africa’s Space Technology Moves Ahead

    Space technology By Staff, 7:45 am

    African space programs are nothing new. In 1964 Edward Mukuka Nkoloso, self-appointed director of Zambia’s national space program, wanted to beat the USA and the Soviet Union in the space race, and landing a Zambian on the Moon. Using unconventional techniques, such as spinning students around a tree in an oil drum, Nkoloso trained 12 astronauts. He was unsuccessful. Fortunately Africa’s space programs now look much more promising. In the last decade the continent has entered a space race.

  • 12 Things You Didn’t Know About Africa’s First Startup Unicorn

    Africa Internet Groups rebrands as Jumia Group. Photo - Innov8tiv By Peter Pedroncelli, 6:37 pm AFKI Original

    History was made in 2016 when Africa could finally celebrate its first startup unicorn, with the Africa Internet Group, now known as Jumia Group, being valued at over $1 billion in February last year. In doing so, it became the first privately owned startup to gain unicorn status, joining an elite group of 150 or so companies around the globe. The company is based in Lagos, Nigeria, and operates as a subsidiary of Millicom International Cellular S.A, using a sales approach similar to Amazon.

  • African Fintech Solutions Succeed Due To Nonexistent Banking Infrastructure

    M-Pesa is a fintech success story in Africa. Photo - Quartz By Tom Jackson, 6:13 am AFKI Original

    While fintech solutions in other parts of the world have not produced consistent success, Africa’s lack of banking penetration has opened up possibilities for fintech startups to serve a mobile-first population. This track record of innovation is resulting in increased funding for African fintech startups, while of all the sub-sectors within Africa’s tech space it has also proven the most likely in terms of exits.

  • 12 Ways Tech Is Uplifting Agriculture Industries In Africa

    Tech Is Uplifting The Agricultural Industry In Africa By Peter Pedroncelli, 5:26 am AFKI Original

    As with many sectors in modern business, the agricultural industry in Africa is embracing technology to enhance production and ensure a more profitable future. Tech is able to reduce costs, upskill farm workers and save effort and time in Africa’s largest economic sector. From drone tech to mobile apps that assist farmers, Africa is a pioneer on the agritech front, and the technologies that are being incorporated into agriculture are helping to put food on the tables of people all over the world.

  • China’s Connection To Africa’s Rising Technology Industry Grows Stronger

    Africa's Rising Technology By Staff, 1:28 pm

    Chinese technology companies hungry for expansion are diving into the less-developed African continent, where several countries are targeting double-digit economic growth. Iginio Gagliardone, a lecturer in media studies at the University of Witwatersrand in South Africa, told CNBC that the Middle Kingdom’s expansion into Africa has been pronounced over the past four to five years. “China is everywhere,” Gagliardone said, though he noted that its presence was stronger in certain markets.

  • Botswana Teachers Learn Basic Coding In Preparation For Africa Code Week 2017

    Africa Code Week is a highly successful program to teach young Africans about coding. Photo - Media Update By Peter Pedroncelli, 7:13 am

    In preparation for Africa Code Week 2017, which will take place throughout the continent in October, hundreds of teachers in Botswana have learned basic coding skills. Thanks to a partnership between the Ministry of Basic Education in Botswana and software development group SAP, over 400 teachers within the country now have a basic level understanding of how to code. In 2016, 426,000 youngsters across 30 countries learned to code over a nine-day period.

  • Opinion: 4 Potential Candidates For Goldman Sachs To Buy Up Debt In Sub-Saharan Africa

    Gas and oil-rich Nigeria provides an opportunity for banks willing to buy up government debt. Photo - Hope for Nigeria - sub-Saharan Africa By Kurt Davis Jr., 5:57 am AFKI Original

    The story of American bank Goldman Sachs buying $2.8 billion worth of Venezuela government bonds back in May stirred a, perhaps unwarranted, backlash from the morality police, but it gave the country’s government a much needed financial windfall, and made money for the banks involved. With that in mind, and similar opportunities available in sub-Saharan Africa, we offer Goldman Sachs a few candidates in the region to put on their radar.

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