Nigeria: Latest News
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.
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.
Peter Pedroncelli, 9:18 am
Norwegian Internet browser Opera Software has announced plans to invest $100 million in Africa’s digital economy over the next two years, as the company aims to consolidate its most robust market. The investment will be used to develop artificial intelligence that delivers Africans customized and localized content, while continued efforts will be made to reduce data costs by around 90 percent. The goal is also to grow African businesses in partnership with African tech companies. It is envisaged that Opera will bundle in third-party services that provide mobile payment and improved data features through the web browser.
Peter Pedroncelli, 5:36 am AFKI Original
African entrepreneurs continue to be the a positive influence on economies and communities across the continent, as they strive to make their businesses work and solve problems experienced by fellow Africans. Successful entrepreneurs have a great deal of wisdom to share with others, and often employ revolutionary tactics or a specific mindset in order to bring their ideas to life. Here are 12 revolutionary tactics and mindsets employed by African entrepreneurs in their own words.
Staff, 8:20 am
African Heads of State and Government present at the recently concluded Transform Africa Summit pledged to advance the continent’s digital transformation. The leaders noted that they recognize the role of information and communication technology (ICT) in fast-tracking development of their countries and the continent in generals.
Staff, 7:47 am
Fintech represents low-hanging fruit for innovators and investors because many parts of the region are underserved with financial services.
Staff, 9:32 am
SweepSouth is a South African start-up which allows customers to book a home cleaner online at R38 (US$2.8) per hour. The company was launched in Cape Town in June 2014 by husband-and-wife team, Aisha Pandor and Alen Ribic, and has since expanded to Johannesburg, Pretoria and Durban.
Kurt Davis Jr., 5:03 pm AFKI Original
The story line in 2017 is buy undervalued assets, especially those with massive upside — no surprise. The surprise, however, may be looking for that opportunity in the Democratic Republic of the Congo. Kabila is still in power despite his term of office ending. Mineral prices have been low and hurt local mining companies. Budget cuts are a big topic in local politics. The DRC, like one or two other countries on this list, is worrisome on the surface. But there are opportunities in the government’s desire to strengthen private-sector investment.
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