Kenya: Latest News
Peter Pedroncelli, 8:25 am AFKI Original
Tech companies continue to inspire Africa and Africans through their unique service offering to the continent and the way in which they enhance people’s lives. From renewable energy to telecoms and other tech firms, African consumers are benefiting from a growing tech sector throughout Africa, and certain companies are making waves as inspirational businesses contributing to better lives for the people they serve. Here are 12 tech and telecoms companies that continue to inspire Africa.
Peter Pedroncelli, 4:25 am
Nigeria’s Godwin Benson was selected as the winner of the Royal Academy of Engineering Africa Prize for Engineering Innovation at an event held in Nairobi on Tuesday night. The education innovator was chosen from a final shortlist of four top candidates from the African continent, beating South African Andre Nel, Ugandan Hindu Nabulumba and Kenya’s Kelvin Gacheru to the first prize. The 27-year-old Nigerian designed the Tuteria online platform, which links students to qualified tutors in their area and within their budgets, enabling cost-effective education through innovation.
Tom Jackson, 8:35 am AFKI Original
Fresh from tech achievements M-Pesa, iHub and Ushahidi, Kenya in 2013 launched a $14.5B project to build Konza Techno City, a large tech hub planned outside Nairobi. Four years later, funding for Kenyan tech startups is in freefall. There have been few recent notable tech success stories and Konza City seems further away than ever. Investors have been wary to put up money until they have assurances from the government on reliable low-cost energy, water, plans to limit traffic and prevent slums from being built near Konza.
Staff, 1:00 am
The world has entered into a Fourth Industrial Revolution, and this time Africa is poised to take maximum advantage of it. Venture capitalists are investing large sums in Africa-based tech startups — $1 billion in 2016 — with the number of startups reaching 3,500. The revolution is led by entrepreneurs whose pioneering innovations seem destined to turn Africa into a global powerhouse and partner, changing its relationship with the rest of the world.
Peter Pedroncelli, 3:26 am
Google and three strategic partners have committed to investing a combined $100 million in a broadband infrastructure project to benefit African cities, with fast and reliable internet capabilities in the pipeline. The agreement signed between the four investors sees the creation of a new entity known as CSquared, which will operate as an independent company and will be based out of offices in Nairobi, Kenya.
Staff, 1:00 am
With Africa’s population projected to be about 2 billion by 2050, farming must undergo huge strides in productivity to ensure the ability to feed them. Numerous types of digital technology are available to take farming to this level, and entrepreneurs are beginning to introduce them to farming. To take advantage of them, however, there must be widespread internet availability, adequate funding, and ways overcome farmers’ reluctance to adopt new practices.
Peter Pedroncelli, 6:38 pm AFKI Original
Africa remains a continent with great investment potential, and African economies continue to make efforts to attract investors from around the globe. With a population of over one billion people and rapidly growing middle class, Africa offers significant opportunities to invest in the continent’s non-commodities sectors such as financial services, construction, and manufacturing, amongst others. Here are the 12 most attractive African economies to invest in for 2017.
Tom Jackson, 3:26 pm AFKI Original
Startups innovate much faster than mobile operators but they lack the wide reach — and customers — that more established companies have. Mobile operators and startups in emerging markets should work together because collaboration could be mutually beneficial, according to a new GSMA report — “Opening Doors: A Start-Up’s Guide to Working With Mobile Operators in Emerging Markets.” Some mobile operators are openly listing their API documentation and integration processes, and are willing to listen to startup founders.
MallforAfrica Launches Dedicated Website To Give Africans Direct Access To Millions Of eBay ProductsBy Peter Pedroncelli, 6:26 am
African e-commerce platform MallforAfrica (MFA) has announced the launch of a new dedicated website for eBay shopping enthusiasts in Africa. Available in Nigeria and Kenya, before a role out to other African countries, the website ebayforafrica.com see the online site extend its relationship with eBay for the benefit of customers in Africa, allowing them to access tens of millions of eBay.com listings directly from the site. African online shoppers will now have unprecedented access to millions more products.
Ann Brown, 1:13 pm AFKI Original
There are millions of small-scale farmers locked out of Kenya’s formal economy. Alex Muriu is finding a way to help them. He created Farm Capital Africa to invest in profitable business ventures in the underfunded agricultural sector. He uses the internet to raise funds for agripreneurs — mostly youth and women age 25 to 35 — so they can scale up their agricultural ventures. “We have had some challenges,” Muriu told AFKInsider. “Social-impact investors are not as rampant as profit-making investors.”
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