Kenya: Latest News
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.
Kurt Davis Jr., 5:25 am AFKI Original
There are currently 300 tech hubs in 93 cities across 42 countries on the African continent. The growing number of tech hubs and developers is drawing significant investment, with more than $366 million invested in startups across Africa in 2016. Despite these positive numbers, a few tweaks could help in boosting the African tech scene and increasing the likelihood of success for African startups.
Peter Pedroncelli, 5:20 am
Google chief executive Sundar Pichai and his team visited Nigeria to unveil a selection of products designed specifically for people in the West African nation, including a YouTube version built for Nigerians with slow internet speeds. Google Street View will also be coming to Lagos, while the company has committed to extending their training to five million young Africans over the next five years, including 100,000 app developers.
Staff, 2:11 pm
Kenya’s last two general elections have been tarnished by allegations of fraud and violence. The country is hailed as Africa’s Silicon Savannah and when citizens head to the polls again on August 8, they will be using technology to make sure these elections are free and credible. A game-changing court ruling recently declared that results announced by constituency tallying centers must be regarded as final and a transparent system to transmit results has been created to prevent rigging.
Staff, 1:53 pm
Google Chief Executive Officer Sundar Pichai visited Lagos, Nigeria’s commercial capital. During his visit, Pichai announced at a conference, plans by the Internet giant to provide more than $3 million in equity-free funding and mentorship to more than 60 African start-ups over the next three years. Earlier in July, Jack Ma, the CEO and founder of e-commerce company Ali Baba toured east Africa (Kenya and Rwanda) in what his close aides described as a mission to inspire African IT entrepreneurs.
Peter Pedroncelli, 12:40 pm AFKI Original
Online shopping is a growing trend on the continent, with numerous African e-commerce companies providing local and international buyers with a way to give gifts to friends, family and loved ones. Whether purchasing gifts for birthdays or other special occasions such as Christmas or to celebrate a personal milestone, online shopping sites are making the most of growing internet penetration in Africa. Here’s a list of e-commerce companies that enable gift-giving across the continent.
Tom Jackson, 1:36 pm AFKI Original
Initial coin offerings are when a creator of a digital currency makes coins available for public purchase to raise money for a project. This is what South African Vinny Lingham recently did, raising $33 million in an initial coin offering run by his U.S.-based company Civic, which is building a digital identity verification platform. There are opportunities for investors in this space, but perils remain.
Peter Pedroncelli, 5:27 am
Five Kenyan girls have been invited to take part in the 2017 Google Technovation after they impressed with their mobile app, which aims to put a stop to female genital mutilation in the East African country. The girls, aged between 15 and 17 years old, are the only Africans selected to be part of this year’s event at Google’s headquarters in California, where their app will be in contention to win a $15,000 prize.
Peter Pedroncelli, 6:07 pm AFKI Original
The internet continues to be a driver of business and economies the world over, and the internet contribution to GDP is an interesting barometer of growth. Africa’s average internet contribution to GDP was only 1.1 percent in 2012, or about half the level seen in other emerging economies. This has positive implications for the potential growth of e-commerce and internet-based businesses on the continent.
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