South Africa: Latest News
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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