South Africa: Latest News

  • University Of Cape Town Becomes The First African College To Offer Fintech Degree

    Fintech Degree By Peter Pedroncelli, 7:22 am

    The University of Cape Town in South Africa has become the first tertiary education institution in Africa to offer a specialized fintech degree, which will be available through the university from January 2018. The degree has been designed to provide students with the necessary skills and practical knowledge to acquire or further a career within the modern financial services sector, which is currently experiencing unprecedented growth.

  • 12 South African Women Who Are Influencing Tech

    Influencing tech - Rapelang Rabana is the founder of Rekindle Learning. Photo - Lionesses of Africa By Peter Pedroncelli, 10:43 am AFKI Original

    Women have always been important role-players within tech in South Africa, and now more than ever, there are numerous women who are influencing tech in positive ways. While gender diversity in the tech sector remains challenging, some women stand out as excellent role models who are making their mark on a male-dominated industry. From startup executives to tech savvy philanthropists, these women show what a passion for tech and strong leadership qualities can produce in the South African context.

  • Streaming Video Company Iflix Raises $133M In Funding To Enable African Expansion

    Streaming Video Company Iflix Raises $133M In Funding To Enable African Expansion. Photo - African Business Communities By Peter Pedroncelli, 6:42 am

    Malaysian subscription streaming video service iflix, which is focused on emerging markets, has secured significant funding that will be used to facilitate the company’s African expansion plans. The Netflix competitor announced that it had attracted investments amounting to $133m in new funding round led by U.S. media giant Hearst that was successful due to significant interest from both new investors and existing shareholders.

  • Namibian Cosmetic Manufacturing Firm Aiming To Be A Global Success

    Sandra Mwiihangele created Kiyomisandz, a cosmetic manufacturing company in Namibia. (Photo: Sandra Mwiihangele) By Ann Brown, 3:09 am AFKI Original

    Sandra Mwiihangele has a great passion for cosmetics and entrepreneurship, leading her to create Kiyomisandz, a cosmetic manufacturing company in Namibia. The 29-year-old businesswoman has been successful, but she remains ambitious. Mwiihangele wants Kiyomisandz to grow into a respected African business and international brand that can compete with the likes of L’Oréal, Revlon, and The Body Shop.

  • Vodacom Completes Largest Initial Public Offering On The Tanzanian Stock Exchange

    Initial public offering - Vodacom has listed on the Dar es Salaam Stock Exchange. Photo - Azaniapost By Peter Pedroncelli, 5:45 am

    This week Vodacom Tanzania completed the largest initial public offering ever seen on the Dar es Salaam Stock Exchange (DSE) in its 19 years of existence. Vodacom raised $219 million for the listing, becoming the first to comply with new regulatory changes requiring telecoms companies in the country to list at least 25 percent on the Dar es Salaam Stock Exchange

  • 10 Innovative Startups Selected To Participate In The 2017 Barclays Accelerator Program

    Fintech startups - Announcing the Barclays Accelerator, Powered by Techstars Cape Town Class of 2017. Photo - Techstars By Peter Pedroncelli, 4:38 am AFKI Original

    The Barclays Accelerator Program, powered by small and medium business empowerment organization Techstars, is a startup program of networking, mentoring and development at Rise, Barclays Africa Group’s fintech innovation hub. Selected from a large group of applicants from 50 countries, Barclays will work closely with 10 chosen startups to explore promising new technology-based solutions that can benefit the financial services industry and their customers.

  • World’s Largest Mobile Virtual Network Operator Chooses South Africa As Regional Launchpad

    Lycamobile is a British mobile virtual network operator. Photo - Taxiadvertising By Peter Pedroncelli, 6:47 am

    British mobile virtual network operator Lycamobile is expanding into Africa, and has chosen South Africa as their first sub-Saharan African market. As the biggest mobile virtual network operators in the world, Lycamobile’s expansion to South Africa will be their first in the region, as well as the 23rd country within their list of global markets.

  • A Look At Five South African Women Commanding The Tech Space

    Soth African women By Staff, 8:02 am

    There are many women doing great things in tech in South Africa, making their mark with cool initiatives and strong leadership roles. Gender diversity in technology is an ongoing challenge, and women have to constantly prove their capabilities and strengths.
    Here are 5 women in the ever growing fast-paced South African tech space.Barbara Mallinson is the founder and chief executive of Obami, a social learning platform being used by hundreds of schools across Africa, Europe and the United States.

  • Africa’s Space Technology Moves Ahead

    Space technology By Staff, 7:45 am

    African space programs are nothing new. In 1964 Edward Mukuka Nkoloso, self-appointed director of Zambia’s national space program, wanted to beat the USA and the Soviet Union in the space race, and landing a Zambian on the Moon. Using unconventional techniques, such as spinning students around a tree in an oil drum, Nkoloso trained 12 astronauts. He was unsuccessful. Fortunately Africa’s space programs now look much more promising. In the last decade the continent has entered a space race.

  • 10 African Billionaires Who Can Thank Tech For Their Fortunes

    African billionaires - Egyptian Naguib Sawiris is a popular figure on Twitter. Photo: Ventures Africa By Peter Pedroncelli, 6:06 pm AFKI Original

    There are 25 African billionaires who can stake their claim among the estimated 2,043 dollar billionaires worldwide that make up the richest of the rich. A number of the African billionaires have earned some of their wealth thanks to tech and related industries, with the modern digital world contributing revenues that have helped them to grow their personal net worth to billionaire status.

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