South Africa: Latest News

  • University Of Cape Town Team Wins GirlCode Hackathon By Creating Innovative Website

    The winning University of Cape Town team who won the GirlCode Hackathon. Photo - IOL By Peter Pedroncelli, 5:44 am

    An all-women team of students from the University of Cape Town have emerged from the GirlCode Hackathon as winners of the event in Johannesburg, which is staged every year in August. Four female students from the university’s Information Systems department won the 48-hour challenge thanks to an innovative website called ‘Amava’, which means ‘experience’ in isiXhosa, that is designed to connect volunteers with non-governmental organizations.

  • 12 Things You Didn’t Know About Africa’s First Startup Unicorn

    Africa Internet Groups rebrands as Jumia Group. Photo - Innov8tiv By Peter Pedroncelli, 6:37 pm AFKI Original

    History was made in 2016 when Africa could finally celebrate its first startup unicorn, with the Africa Internet Group, now known as Jumia Group, being valued at over $1 billion in February last year. In doing so, it became the first privately owned startup to gain unicorn status, joining an elite group of 150 or so companies around the globe. The company is based in Lagos, Nigeria, and operates as a subsidiary of Millicom International Cellular S.A, using a sales approach similar to Amazon.

  • African Fintech Solutions Succeed Due To Nonexistent Banking Infrastructure

    M-Pesa is a fintech success story in Africa. Photo - Quartz By Tom Jackson, 6:13 am AFKI Original

    While fintech solutions in other parts of the world have not produced consistent success, Africa’s lack of banking penetration has opened up possibilities for fintech startups to serve a mobile-first population. This track record of innovation is resulting in increased funding for African fintech startups, while of all the sub-sectors within Africa’s tech space it has also proven the most likely in terms of exits.

  • Vodacom Finalizes $2.6B Safaricom Share Acquisition Deal

    share acquisition - 160232989 Vodacom billboard in Johannesburg. Photo: Nadine Hutton/Bloomberg/Getty By Peter Pedroncelli, 6:02 am

    Vodacom’s $2.6 billion share acquisition of Safaricom has now been finalized, with the South African company now owning a 35 percent stake in the Kenyan telecommunications and mobile operator. Vodacom has announced that all regulatory approvals and conditions related to both Kenya and South Africa have now been met, concluding the deal.

  • Africa’s Biggest Data Center Set To Open By November

    Teraco is building the largest data center in Africa. Photo - ITWeb By Peter Pedroncelli, 4:51 am

    The biggest data center in Africa is nearing completion in South Africa, and will officially be launched at full capacity by November. Teraco’s Riverfields hyperscale data center facility is one of the largest in the Southern Hemisphere, and is definitely the biggest on African soil, with a capacity of 24 megawatts and a build cost of $100 million. Already 25 percent full due to pre-bookings, Teraco is responding to demand.

  • Barclays Accelerator Supporting Fintech Startups That Solve African Problems

    Fintech startups - Announcing the Barclays Accelerator, Powered by Techstars Cape Town Class of 2017. Photo - Techstars By Peter Pedroncelli, 8:56 am

    In its second year, the Barclays Accelerator is dedicating resources and efforts towards backing fintech startups that are attempting to solve financial and banking issues within the African context. The Barclays Accelerator, powered by small and medium business empowerment organization Techstars, is a startup program of networking, mentoring and development, aimed at supporting breakthrough financial technology innovations that are focused on Africa.

  • 12 Ways Tech Is Uplifting Agriculture Industries In Africa

    Tech Is Uplifting The Agricultural Industry In Africa By Peter Pedroncelli, 5:26 am AFKI Original

    As with many sectors in modern business, the agricultural industry in Africa is embracing technology to enhance production and ensure a more profitable future. Tech is able to reduce costs, upskill farm workers and save effort and time in Africa’s largest economic sector. From drone tech to mobile apps that assist farmers, Africa is a pioneer on the agritech front, and the technologies that are being incorporated into agriculture are helping to put food on the tables of people all over the world.

  • 10 African Startups With The Potential To Become Unicorns

    African startups By Peter Pedroncelli, 6:56 am AFKI Original

    The Africa Internet Group became the first startup unicorn from Africa when the leading e-commerce group in the continent was valued at more than $1 billion last year, becoming a pioneer among African startups. There are a few startups that are approaching that milestone, and they have the potential to become members within a group of global unicorns that only number around 150 or so in total.

  • 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 takes a selfie with 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.

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