Kenya: Latest News
Peter Pedroncelli, 5:54 am
Africa has experienced a major growth of new mobile subscriptions during the first quarter of 2017, with nine million Africans signing up for new services during that time. Out of 107 million new mobile subscriptions that were added globally, nine million were from Africa with three million of those from Nigeria alone, according to the latest Ericsson Mobility report. In terms of the total mobile subscriptions globally, Africa now has 985 million, more than the total amount of subscriptions in Western Europe (520 million) and the Middle East (415 million) combined.
Peter Pedroncelli, 5:49 am
Global B2B cross-border mobile payments network, TransferTo, is working with African e-commerce platform, MallforAfrica, to offer digital payments that give online shoppers in Africa access to over 200 major e-retailers across Europe and the U.S. Founded in 2011, MallforAfrica enables Africans to purchase products from numerous international online retailers through their e-commerce platform. There are over 277 million registered mobile money accounts in Africa, far more than the number of open bank accounts, giving mobile money the potential to be a primary enabler of e-commerce payments in Africa
Peter Pedroncelli, 8:09 am
Ghanaian new media startup OMG Digital has raised $1.1 million in seed funding that will be used to help fulfill their growing reputation as the ‘BuzzFeed of Africa’. OMG Voice, the primary website run by the group, currently operates with versions in Ghana, Nigeria, and Kenya, and the new investment will go towards expanding the footprint of the brand to additional African territories. Known as the ‘BuzzFeed of Africa’ due to the company’s focus on creating content for millennials, the tech startup creates and curates listicles, pictorials, videos and memes with an African audience in mind.
Peter Pedroncelli, 4:39 am AFKI Original
Africans ascribe value to various tech brands that they use and love, with international businesses working hard to earn the trust and loyalty of the average African consumer. A growing middle class on the African continent is savvy and aware of what brands can offer them in terms of improving their lifestyle. Many of these brands have earned the respect and loyalty of African consumers, with BrandAfrica ranking them in terms of the most valued brands from an African perspective. We take a look at 12 of the most valuable global tech brands according to Africans.
Peter Pedroncelli, 3:54 am
Naspers, Africa’s biggest company by market value, is set to approach American and British investors to discuss a bond issue in an effort to continue the expansion of their online businesses and interests through more acquisitions. Cape Town-based Naspers is a global internet and entertainment group that has built a reputation as one of the largest technology investors in the world. It owns stakes in numerous international companies including Multichoice, ShowMax, Mail.ru, Flipkart, PayU, Konga, Takealot.com, OLX and Chinese investment holding company Tencent, giving Naspers a market value of around $90 billion.
Staff, 8:47 am
The world’s first commercial drone delivery service operates from a hill in the middle of Rwanda. From here, Zipline, a San Francisco-based robotics company, delivers blood by drone to almost half of all Rwanda’s blood transfusion centers. Orders are made online, by text, phone, or WhatsApp. An order has come in for a hospital about two hours away by car. The drone delivers the package in 20 minutes. “To have a proven model here first in Rwanda is amazing,” says Maggie Jim, Zipline.
Staff, 11:33 am
London and Nairobi-based venture firm TLcom Capital has raised $40 million for its new Africa fund. The target is $100 million. TIDE Africa Fund will focus on tech startups in Sub-Saharan Africa. TIDE Africa Fund will make investments between $500,000 and $10 million per company. TLcom Capital, the VC fund started in London two decades ago with more than $300 million under management and tech investments announced that commitments to the TIDE Africa Fund have hit US$40 million.
Staff, 10:43 am
Africa is known as the motherland, the birth of mankind, where it all began. Yet for many years it has also been called the “dark continent” due to the rate of development of many countries. This perception is changing quickly, with hundreds of tech hubs, who are creating cutting-edge technology products and services, popping up all over the continent, making the rest of the world take notice. A tech hub is an area of IT landscape by which people come together and breed innovations.
Peter Pedroncelli, 6:38 pm AFKI Original
Africa is a continent of great opportunity and potential, but as a whole, the continent needs to work to become more globally competitive for the benefit of industries such as tech to truly thrive. Africa competes for foreign direct investment with other emerging markets such as Asia, Latin America, and the Caribbean. Africa needs to address a number of key issues in order to rival their main competitors in the market and carve out a competitive landscape that will attract foreign direct investment. Africa’s average competitiveness ranking is 21 percent compared to Latin America and The Caribbean’s average ranking of 40 percent, and Asia’s average ranking of 57 percent.
Kurt Davis Jr., 1:32 pm AFKI Original
It is surprising how many business people assume Africa is behind the times in technology. Infrastructure may be a problem…but technology is a different story, and in fact, innovation and active appreciation for the wonders of technology are present throughout the continent. Sub-Saharan Africa, in many instances, can make a Western business person feel like they underuse their mobile phone…or simply feel behind the times when they do not know how to use M-Pesa.
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