Nigeria: Latest News

  • African Tech Startups Need Changes In Venture Capital To Embolden Them

    African tech startups have the ability to achieve further success with more venture capital availability. Photo - AfriZap By 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.

  • Google Makes Offline Version Of YouTube Available For Nigerians With Slow Internet

    Google CEO Sundar Pichai announced the availability of YouTube Go for Nigerians during his visit to the country. Photo - TechDemi By 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.

  • Silicon Valley CEOs Look To Africa As The Next Tech Frontier

    Tech Frontier By 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.

  • 10 African E-Commerce Companies That Enable Gift-Giving Across The Continent

    Small business loan - Nigerian e-commerce - cashless e-commerce By 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.

  • Initial Coin Offerings Provide Opportunities For Investors, But Caution Is Advised

    South African entrepreneur Vinny Lingham raised $33 million with an initial coin offering. Photo - CoinTelegraph By 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.

  • 12 African Nations With The Highest Internet Contribution To GDP

    Internet contribution - The Internet contributes a great deal to Senegal's economy. Photo - African Business Magazine By 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.

  • Opinion: Africa Is The Next Frontier For Design And Advertising Innovation

    Design and advertising innovation in africa By amcdermott, 12:22 pm AFKI Original

    Hailing from Jamaica, but American by way of higher education and culture, I’ve spent much of the last three years in countries around Africa, and I am excited by the potential for design and innovation there. I’ll go to a restaurant with friends in Maputo and fumble around for my credit card to cover the bill. By the time I look up, someone’s laughing at me because they already paid the bill in 10 seconds from their phone with M-Pesa. From Asia and Central America came tailors and tactile labor, from India came software engineers, and soon, from Africa, will come creatives.

  • Botswana Teachers Learn Basic Coding In Preparation For Africa Code Week 2017

    Africa Code Week 2017 By Peter Pedroncelli, 7:13 am

    In preparation for Africa Code Week 2017, which will take place throughout the continent in October, hundreds of teachers in Botswana have learned basic coding skills. Thanks to a partnership between the Ministry of Basic Education in Botswana and software development group SAP, over 400 teachers within the country now have a basic level understanding of how to code. In 2016, 426,000 youngsters across 30 countries learned to code over a nine-day period.

  • Opinion: 4 Potential Candidates For Goldman Sachs To Buy Up Debt In Sub-Saharan Africa

    Gas and oil-rich Nigeria provides an opportunity for banks willing to buy up government debt. Photo - Hope for Nigeria - sub-Saharan Africa By Kurt Davis Jr., 5:57 am AFKI Original

    The story of American bank Goldman Sachs buying $2.8 billion worth of Venezuela government bonds back in May stirred a, perhaps unwarranted, backlash from the morality police, but it gave the country’s government a much needed financial windfall, and made money for the banks involved. With that in mind, and similar opportunities available in sub-Saharan Africa, we offer Goldman Sachs a few candidates in the region to put on their radar.

  • 12 African Countries Best Prepared To Defend Against Cyber Attacks

    Anonymous Africa launches cyber attack against SABC over censorship. Photo - TVwithThinus By Peter Pedroncelli, 4:17 pm AFKI Original

    Cyber attacks are more prevalent these days, and it is important for countries to have a strategy to defend against these kinds of online attacks. Africa is no different, and strategies and organizations need to be in place in order to defend against hackers looking to penetrate key systems or networks that need to remain secure for the public good. Some African countries have considered this threat, and are fairly well-prepared to defend against such attacks.

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