Kenya: Latest News
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 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, 5:26 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.
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, 6:56 am AFKI Original
The Africa Internet Group became the first startup unicorn from Africa when the leading e-commerce group in the continent was valued at more than $1 billion last year, becoming a pioneer among African startups. There are a few startups that are approaching that milestone, and they have the potential to become members within a group of global unicorns that only number around 150 or so in total.
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.
- Real Estate