Ethiopia: Latest News

  • Africa Responding To Need For Dedicated Skills In The Fintech Space

    Institutions in Africa are now offering programs that teach fintech skills. Photo - Student Brands - Fintech space By Tom Jackson, 1:52 am AFKI Original

    Finding skilled workers is a major barrier to the development of Africa’s fintech space, which is catering to a large unbanked African population through mobile and other avenues, but the market is slowly responding. The University of Cape Town recently became the first university in Africa to offer a specialized fintech degree, and other ed-tech and related startups have come to the party in an effort to fill the fintech skills gap.

  • What I Learned From Starbucks, Java House And Sugarpie Cupcakes About Franchises In East Africa

    The Java House coffee chain in Kenya. Photo - Onelongpeel East Africa By Kurt Davis Jr., 1:20 am AFKI Original

    The Starbucks model is interesting for investors and customers within the East African context. There are other local examples of similar concepts working, such as Sugerpie Cupcakes in Kenya. Premium product for premium price at low cost is a winner in the region, but making it work is not as simple as observers may imagine, and there are numerous reasons why a premium franchise such as Starbucks may struggle to work in East Africa.

  • Former Morgan Stanley Exec Plans To Invest $800M In African Solar-Powered Telecom 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 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.

  • 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.

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