Date Archives for October 2017
Peter Pedroncelli, 5:41 am
E-commerce giant Jumia have expanded their online small business loans program to more markets across the African continent. Jumia, Africa’s first startup unicorn, has extended the program they launched in May, providing the small scale loans to merchants in all of the African countries in which it operates. Jumia has partnered with San Francisco-based mobile lender Branch to provide the loans to vendors, with the program proving successful in Kenya since May.
Peter Pedroncelli, 5:13 am
Uber is committing itself to the Egyptian market despite economic difficulties in the country, announcing a new support center in the capital that will see an investment of $5 million. The taxi-hailing startup has launched a support center in Cairo, with $5 million set to be spent on the project over the next five years, creating employment for 700 Egyptians as a result. Uber had two million users and provided jobs for 60,000 drivers in Egypt last year.
Peter Pedroncelli, 8:23 am AFKI Original
Africa is fast becoming a key global tech market, and many of the tech leaders of tomorrow are emerging from the continent. Well-educated, innovative and with leadership qualities that make them stand out among their peers, Africa’s current crop of young tech influencers are impressive. From techpreneurs to investors, business leaders to top innovators, this list of African tech personalities who are under 40 years of age is testament to the growing influence that Africa has in a global context.
Peter Pedroncelli, 6:17 am
Major South African banking institution, First National Bank (FNB), has been named as Africa’s most innovative bank at the 2017 African FinTech Awards for the second consecutive year. The bank was awarded the The Most Innovative African Bank accolade at this year’s African FinTech Awards in Johannesburg, recognizing FNB as a bank that is at the forefront of innovation.
Staff, 8:08 am
A new program in Seychelles focusing on energy efficiency in state buildings and street lighting will soon launch. Called ‘Smart Energy in Public Spaces,’ the new program will include the installation of 10,000 LED streets lamps by 2020 across the three main islands of Seychelles. “The same program will also provide all the public schools with solar photovoltaic panels and other accessories for them to meet the schools’ energy needs,” said the Minister of Environment, Energy and Climate Change.
Staff, 7:52 am
Everyone wants a smart city. Every country in Africa is talking about getting one – from Rwanda’s Vision City to Ghana’s Hope City. Even Nigeria wants a smart city. Smart cities are great, but we are of the opinion that smart cities only work in a country that is already working. And for now, that’s not Nigeria. The Benin Republic has announced its plans to launch a new smart city, Sèmè City, aimed at fostering Africa-grown innovation as a solution to the continent’s economic challenges.
Staff, 7:24 am
The Core Group has launched Fitbit’s first smartwatch in South Africa. Fitbit Ionic, a cross-platform high-end smartwatch, is available from a variety of retailers across South Africa.Fitbit Ionic was designed to work across all of the prominent platforms making it ideal for users who want to choose their smartwatch independently of their smartphone. In addition to the usual functionality found in high-end devices, Fitbit’s smartwatch has a multi-day battery life and incorporates new technology.
Staff, 8:37 am
“Welcome to the System! Together we will change the world!” These are the words I found scrawled at the bottom of a web page, right next to a picture of Sergei Mavrodi, a convicted Russian fraudster infamous for operating Mavrodi Mundial Moneybox (or MMM), one of the world’s largest ponzi schemes. Two decades after MMM was shut down, the organization reemerged under new branding, as a technology-driven “financial mutual-aid network” that uses Bitcoin to provide its members up to 100% returns.
Staff, 7:49 am
Silicon Valley is ignoring Africa’s startup scene, passing up an opportunity to invest in creating innovative technology-based businesses on the continent, according to TechCrunch Inc. “Silicon Valley does not understand the context of Africa, so we see it as an opportunity to fill the gap,” Edward Desmond of Verizon Communications said in an interview Wednesday in the Kenyan capital, Nairobi. “The outside world that is very powerful does not know the innovation and possibilities available.”
Peter Pedroncelli, 7:12 am
Truecaller, a mobile app that provides the identity of unknown callers, has announced an expansion plan for Africa that will see it become a priority region for the Swedish company. The Scandinavian firm will be hiring key African personnel, and it will also decide on a location, either in South Africa or Nigeria, where its African headquarters will be set up. Truecaller is the world’s largest verified mobile phone community dedicated to helping users to avoid and block spam calls.
- Real Estate