Tanzania: Latest News

  • Africa Responding To Need For Dedicated Skills In The Fintech Space

    Institutions in Africa are now offering programs that teach fintech skills. Photo - Student Brands - Fintech space By Tom Jackson, 1:52 am AFKI Original

    Finding skilled workers is a major barrier to the development of Africa’s fintech space, which is catering to a large unbanked African population through mobile and other avenues, but the market is slowly responding. The University of Cape Town recently became the first university in Africa to offer a specialized fintech degree, and other ed-tech and related startups have come to the party in an effort to fill the fintech skills gap.

  • What I Learned From Starbucks, Java House And Sugarpie Cupcakes About Franchises In East Africa

    The Java House coffee chain in Kenya. Photo - Onelongpeel East Africa By Kurt Davis Jr., 1:20 am AFKI Original

    The Starbucks model is interesting for investors and customers within the East African context. There are other local examples of similar concepts working, such as Sugerpie Cupcakes in Kenya. Premium product for premium price at low cost is a winner in the region, but making it work is not as simple as observers may imagine, and there are numerous reasons why a premium franchise such as Starbucks may struggle to work in East Africa.

  • Why East Africa Is Leading The World In Drone Delivery

    drone delivery By Staff, 8:45 am

    The cutting edge of drone delivery isn’t one of the usual technology hotspots, such as Singapore or the United States. The honor belongs to East Africa. A second East African nation announced it will launch a fully automated drone delivery program. The drones will fly themselves, far from the view of humans — a move that’s not yet legal in the U.S. While plenty of countries have dabbled in drone delivery, no program has matched the scale and impact of what’s unfolding in Rwanda and Tanzania.

  • Former Morgan Stanley Exec Plans To Invest $800M In African Solar-Powered Telecom Towers

    To Invest $800M In African Solar-Powered Telecommunications Towers By Peter Pedroncelli, 5:53 am

    Renewable energy firm, GreenWish Partners, which is run by former Morgan Stanley executive Charlotte Aubin-Kalaidjian, has announced plans to invest $800 million on solar-powered telecommunications towers to be built throughout Africa. GreenWish will partner with telecoms provider Orange to implement hybrid telecommunication tower systems that are completely off-grid thanks to the combination of a solar panel, a battery and a diesel generator.

  • 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.

  • 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.

  • 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.

  • Tanzanian Former Beauty Queen Creates Successful Body-Care Brand From Parents’ Backyard

    Body-care brand By Ann Brown, 3:46 am AFKI Original

    Former Miss Universe Tanzania Hellen Dausen has taken the body-care market by storm in her home country, making a name for herself as the founder of Nuya’s Essence. Faced with issues such as dealing with sexists, being looked down upon, and not being trusted to deliver good work, Dausen has overcome the odds to create and build a brand that is unique and well-respected.

  • 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.

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