Kenya: Latest News
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.
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.
Peter Pedroncelli, 7:21 pm
Kenyan opposition leader, Raila Odinga, has alleged that the electoral commission’s servers had been hacked in order to sway early election results in favor of incumbent, Uhuru Kenyatta, ensuring that the current president remains in charge of the country. With election results from Tuesday’s voting almost entirely counted, Kenyatta appeared to have an unassailable lead over Odinga, prompting the opposition leader to suggest that the results were a fraud made possible thanks to hackers infiltrating the system
Peter Pedroncelli, 6:02 am
Vodacom’s $2.6 billion majority share acquisition of Safaricom has now been finalized, with the South African company now owning a 35 percent stake in the Kenyan telecommunications and mobile operator. Vodacom has announced that all regulatory approvals and conditions related to both Kenya and South Africa have now been met, concluding the deal.
Staff, 8:56 am
Margaret Wainaina is a project coordinator for Una Hakika, an initiative from the Canadian nonprofit The Sentinel Project, an anti-genocide effort . In the regional language Kiswahili, “Una hakika?” means “Are you sure?” and the goal is to squash disinformation that can lead to conflict, especially in the lead-up to Kenya’s hotly contested general election on August 8. Ethnic violence following the 2007 general election left more than 1,000 Kenyans dead and more than half a million displaced.
Peter Pedroncelli, 8:56 am
In its second year, the Barclays Accelerator is dedicating resources and efforts towards backing fintech startups that are attempting to solve financial and banking issues within the African context. The Barclays Accelerator, powered by small and medium business empowerment organization Techstars, is a startup program of networking, mentoring and development, aimed at supporting breakthrough financial technology innovations that are focused on Africa.
Peter Pedroncelli, 5:15 am AFKI Original
The internet Here are the 12 Sources:
Peter Pedroncelli, 6:23 am
In an effort to limit hate speech and combat fake news in Kenya ahead of national elections in the country, Facebook has launched a tool that seeks to educate users on how to identify stories that are genuine from those that are fake. The social media site has provided a tool at the top of user news feeds from which users are directed to the Facebook Help Center, where they will be given access to information that will assist them in determining which news articles are fake.
Peter Pedroncelli, 5:19 am AFKI Original
The internet Here are the 10 African startups which have the potential to become unicorns. Sources:
Peter Pedroncelli, 3:49 am
Malaysian bitcoin technology provider Belfrics Global is launching a bitcoin exchange in Kenya, allowing users and traders of the cryptocurrency to transact through additional services. The Kenyan arm of Belfrics will offer a number of digital services revolving around the Blockchain, as well as a payment gateway for merchants to accept bitcoin as payment for products and services. They will then expand to Nigeria, Ghana and Botswana.
- Real Estate