Date Archives for 2017
Peter Pedroncelli, 7:59 am AFKI Original
In business terms, countries with the fastest broadband speeds have a distinct advantage over others, and this is especially true for Africa. The research took into account 189 countries, including most African nations ranking them from first to last with regards to average speeds that users experience in those countries. Singapore ranks as the world’s fastest country with speeds of 55.13Mbps, while Yemen is in last place in the ranking at an average speed of only 0.34Mbps.
Staff, 9:05 am
Law firm Baker McKenzie has released its latest quarterly Cross-border M&A Index, showing a massive drop in the number of inbound M&A deals across Africa and South Africa – but there’s a positive spin for the SA tech sector. According to the report, there were 17 inbound M&A deals in Africa in the second quarter of 2017 – a 48 percent drop from 33 deals in Q2 2016. The deal value for inbound deals amounted to $780 million, decreasing by 83% year-on-year and 88% on a quarter-by-quarter basis.
Staff, 8:32 am
“It’s still fresh in my mind, the scene of female genital mutilation,” said Purity Achieng, a 17-year-old from Kenya. Achieng was speaking n the finals of the Technovation Challenge World Pitch Summit, a competition that invites girls to come up with tech solutions to local community problems. Achieng and her team call themselves “The Restorers.” They are taking on Female Genital Mutilation or FGM. They have created an app, called i-Cut, which connects girls at risk of FGM with rescue agents.
Staff, 8:16 am
It would take more than a day to download a high definition movie of 7.5 gigabytes in countries with the slowest internet speeds. It turns out most of those countries are in Africa, data from a global broadband speed league shows. The speed gaps between various countries remains very wide as the five fastest countries have download speeds which are around 40 times faster than the five slowest. Singapore ranks as the highest while Yemen props up the list with meager average speed of 0.34 Mbps.
Staff, 9:20 am
Senegal’s tech scene has been slow to get off the ground due to a lack of qualified coders. But a locally run company is trying to change that, while also helping young people find jobs. Local tech start-ups are tackling day-to-day conveniences in the capital, Dakar. Firefly places TV screens in public buses, but has struggled to find qualified web and mobile app developers in Senegal. “They are trained in technologies we do not work with,” explains Mafal Lo, one of the co-founders of Firefly.
Staff, 8:52 am
The picture isn’t rosy. Of the STEM disciplines, tech is the only one where the participation of women has actually decreased in the last 20 years.This is due to many reasons, not the least of which is the underestimation of the entrepreneurship potential of women. She Leads Africa, a community that helps young African women achieve their professional dreams, in partnership with beauty brand, Dark & Lovely Africa, has just opened applications for the 2017 Dark & Lovely x SLA Beauty Accelerator.
Staff, 8:18 am
The IT industry is in a position to change the roles of women in the workplace and society–as new technology-enabled learning, employment, and business opportunities emerge in the digital era. We’re seeing a number of important tech trends converging: from high-speed mobile networks, to low-cost smartphones, publicly-available e-learning tools and powerful Cloud-enabled software. Today, one’s location becomes less important, as women in rural areas gain more opportunities to empower themselves.
Peter Pedroncelli, 4:29 am
Solving one of the most frequently sited problems in Nigerian agribusiness, Nigerian-American startup Releaf facilitates a business-to-business marketplace that enables Nigerian businesses to find customers and partners that they can trust. The startup, which is currently taking part in Y Combinator, has signed up around 1,000 African businesses since its public launch in Nigeria at the start of August.
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.
Kurt Davis Jr., 5:02 am AFKI Original
Political angst and turmoil combined with terrorism has slashed tourism in numerous countries across the world, including on the African continent, and countries are desperate to reignite tourism after the damage dwindling numbers have caused. But Tunisia, Kenya, and Egypt are now overcoming the issues that have plagued their countries in an effort to see tourism numbers return, and early signs are good. Much still needs to be done, but these three nations are on the right track.
- Real Estate