South Africa: Latest News

  • World Bank Announces Agritech Challenge Aimed At Inspiring Innovation In Kenya

    Agritech challenge - Entrepreneurs use digital technology to increase farm productivity By Peter Pedroncelli, 2:56 am

    The World Bank and venture capital firm Nest have announced a call for applications for the Agritech Challenge 2017 in Kenya. The initiative is the first open innovation program of its kind in Kenya, and it is aimed at connecting promising startups and innovators with one of the region’s leading agribusiness corporates. The AgriTech Challenge, which is sponsored by the World Bank, aims to spur collaborative innovation within the agricultural sector in Kenya.

  • Why Entrepreneurs Are Missing Out On Africa’s ‘Hidden’ Informal Markets

    The informal sector holds great promise in Africa. Photo - M&G - informal markets By Tom Jackson, 3:38 pm AFKI Original

    Informal markets represent an incredible opportunity in Africa. In Zambia, for example, the informal sector accounts for 90 percent of employment, and represents well over one million informal businesses. Key areas that need exploring are agribusiness, textiles, timber and forestry, as there are huge opportunities to disrupt smallholder enterprise systems and introduce innovative concepts that can be sustainable and profitable.

  • Amazon EC2 Founder Joins Board Of South African Fintech Startup

    South African Startup - Chris Pinkham has been appointed to the board of JUMO as an independent director. Photo - JUMO By Peter Pedroncelli, 10:40 am

    South African fintech startup JUMO has announced the appointment of Amazon EC2 founder Chris Pinkham as an active independent director of the company. Cape Town University-educated Pinkham begins work for the South African company with immediate effect, having left his role as vice president of Engineering at Twitter in February this year, and will be working with JUMO’s leadership team on technical and product strategy.

  • 12 Popular African YouTube Personalities That Have Many Subscribers

    Nigerian YouTube personalities Ikenna Azuike is popular online. Photo: Huffington Post By Peter Pedroncelli, 9:58 am AFKI Original

    YouTube is a popular video site in Africa, and as a result, African YouTube personalities have emerged with many viewers subscribing to their channels. As internet speeds on the continent have continued to improve, YouTube has become increasingly popular and more accessible, giving rise to numerous YouTube personalities from Africa through their interesting, funny or unique video content. Here are 12 African YouTube personalities that have many subscribers.

  • Fundraising Opportunities In Africa: Nigeria, South Africa And Oil Still Raise Questions

    Oil and gas remains an investment opportunity in Africa. Photo - HowWeMadeItInAfrica By Kurt Davis Jr., 11:08 am AFKI Original

    As the second half of 2017 comes into focus, entrepreneurs and private equity managers alike want the narrative in investor circles to change regarding sub-Saharan Africa and fundraising opportunities. Investor sentiments remain that sub-Saharan Africa is still rebounding from the economic challenges of 2015 and 2016, but the focus for entrepreneurs and private equity managers should be on the oil importers and emerging Francophone Africa.

  • 12 Things You Didn’t Know About Facebook’s Africa Headquarters

    Facebook's Africa headquarters By Peter Pedroncelli, 4:27 am AFKI Original

    Based in Johannesburg, South Africa, Facebook’s Africa headquarters was recently custom-built and launched, with the social media mega-company now building a larger presence on the ground in Africa. From a mothers’ room to numerous meeting rooms and a stunning balcony that overlooks the city, a glimpse of Facebook’s Africa offices makes one wish that their company would offer the same awesome facilities. We take a look at 12 things you didn’t know about Facebook’s Africa headquarters.

  • South African Bank’s Mobile App Becomes Zero-Rated Across All Networks

    The FNB banking mobile app is now zero-rated. Photo - CompareGuru By Peter Pedroncelli, 3:27 am

    South Africa’s First National Bank has taken the decision to make their mobile app zero-rated across all mobile networks in the country, following discussions with all of the major service providers. This means that users can use the mobile app without using their data, enjoying free app services while on the major networks of Vodacom, MTN and Cell C. The bank already offers free access to its mobile app to all First National Bank Connect customers, and free WiFi is available in most of the bank’s branches for customers to download the app.

  • High School Dropout From Zimbabwe Builds Botswana’s Biggest Ad Agency

    Botswana's biggest ad agency By Ann Brown, 5:46 pm AFKI Original

    At age 18, Knight Ganje knew he wanted to be a businessman. When a friend invited him to visit Botswana he persuaded his mother to let him go. Once there he started taking odd jobs such as painting to survive until a local entrepreneur decided to mentor him, and the rest is history. Fast-forward 11 years and high school dropout Ganje is at the head of H&G Advertising Group, Botswana’s biggest ad agency with a turnover of $38 million annually and clients that include Unilever, Emirates, Coca-Cola, and Samsung.

  • Nigeria Experiences Major Mobile Subscriptions Growth

    Africa Continues To Experience Major Mobile Subscriptions Growth By 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.

  • Mobile Money Network Working With MallforAfrica To Enable Digital Payments

    Digital payments - MallforAfrica is an e-commerce platform that allows Africans to buy online internationally. Photo: MFA By 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

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