Ghana: Latest News
Peter Pedroncelli, 5:32 am
African fintech startups continue to be an example to similar entities in other sectors, attracting substantial investment while disrupting the financial services market on the continent. The innovative solutions that fintech enterprises are producing have attracted the attention of banks and investors, in the hope that these financial disruptors become the next PayPal or similar concept in Africa. The last two years have seen a sharp increase in the number of businesses created in this sector, with 301 African fintech startups identified across 20 countries on the continent.
DotAfrica Goes Public July 4: Will Africans Embrace It Or Continue To ‘Be Guests On Someone Else’s Web’?By Tom Jackson, 6:41 pm AFKI Original
After years of red tape, the much-hyped DotAfrica domain will soon be available to the public. The psychological impact cannot be underestimated, said Lucky Masilela, CEO of the ZA Central Registry — the company charged in 2012 with giving Africa its own first geographic TLD. DotAfrica is not just about African pride. It’s about business. “We believe that it will increasingly make an appearance in corporate marketing communication with all the associated benefits including feet in stores and clicks on sites,” Masilela said.
Peter Pedroncelli, 5:47 am
French telecommunications operator Orange have announced the launch of an African startup investment initiative that will support innovative startups across the continent. Orange has earmarked $56 million for investment, with half of it set to be invested indirectly through funds that specialize in the digital sector. The other half of the funds will go towards the creation of a new initiative, called Orange Digital Ventures Africa, which will invest directly in African startups within a number of industries including logistics, e-commerce, transport, energy, fintech, and e-health businesses.
Peter Pedroncelli, 3:16 am AFKI Original
Social media has taken the world by storm in recent years, and the number of active Facebook users in Africa is a testament to the fact that the continent is also part of the social media trend. With Facebook being the most popular of the social media networks, and the proliferation of mobile throughout Africa providing the ideal breeding ground, the combination of factors has led to a growing user-base for the company. Africa is home to around 330 million internet users, and around 44 percent of them are active on Facebook.
Staff, 9:36 am
One of Silicon Valley’s top black female executives, Bozoma Saint John, has left tech giant Apple to join ride-hailing service Uber. Saint John, who was born in Ghana before moving to the U.S. when she was a teenager, was a marketing executive at Apple and has now taken on the role of Uber’s new Chief Brand Officer, the company announced on Twitter. Her appointment comes at a time when Uber has been criticized for its management practices and company culture, TechCrunch reports.
Peter Pedroncelli, 8:29 am AFKI Original
Understanding how Africans use the internet remains the subject of many research studies, with new data emerging regarding stats and trends. The continent is becoming an important market for numerous internet-based businesses, while social media platforms are attracting more African users than ever before. With faster internet speeds and a growing appetite for connectivity on the continent, online trends are changing and the internet is shaping the way Africans work and play. Here are the 12 things you didn’t know about how Africans use the internet.
Kurt Davis Jr., 6:44 am AFKI Original
The African consumer goods and retail investment space is looking up for the second half of 2017, with opportunities available across a number of countries on the continent. While the usual suspects such as Nigeria and South Africa remain likely targets for international retail investment, there are a number of wildcards on the continent which may surprise analysts and attract investment due to their established links to regional markets.
Peter Pedroncelli, 4:51 am
AfriLabs has further expanded its network of over 50 technology and innovation hubs across 20 African countries with the addition of 11 new hubs as members of the network. The new development sees the pan-African network of technology innovation hubs increase its membership base to Chad and the Democratic Republic of Congo. Other nations that increased their representation within the network supporting innovation infrastructure include Malawi, Nigeria, Kenya, Uganda, Tanzania and Zimbabwe.
Global Risk Insights, 6:33 pm
Proponents of the sharing economy say Uber and Airbnb benefit Africa, but who exactly is benefiting? They’re inserting themselves into existing informal sharing dynamics, acting as corporate middlemen and disrupting existing livelihoods. Underdeveloped formal sectors and high unemployment in Africa created the sharing economy out of necessity. Uber and Airbnb are taking a share of the profits.
Staff, 8:52 am
Student population of Ghana Technology University has climbed to nearly 8,000 in 2017 from less than a cohort of 100 when the College was established some decade ago, College President Professor Osei Kofi Darkwa said. Professor Darkwa attributed the growing population to innovative and industry relevant courses introduced by school authorities in recent times as well as effective collaborations and partnerships with local and international institutions to better deliver quality results.
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