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Date Archives for August 2017

  • Nigerian-American Startup Assists African Businesses To Find Trustworthy Partners

    Nigerian-American startup - Ikenna Nzewi, Isaiah Udotong and Uzoma Ayogu are the Nigerian-American founders of Releaf. Photo - Just Shoot Photography By 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.

  • University Of Cape Town Becomes The First African College To Offer Fintech Degree

    Fintech Degree By 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.

  • Tunisia, Kenya And Egypt On The Right Track In Bid To Reignite Tourism

    Reignite tourism - Tourism was affected in Tunisia after terrorist attacks. Photo - Travel + Leisure By 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.

  • 12 South African Women Who Are Influencing Tech

    Influencing tech - Rapelang Rabana is the founder of Rekindle Learning. Photo - Lionesses of Africa By Peter Pedroncelli, 10:43 am AFKI Original

    Women have always been important role-players within tech in South Africa, and now more than ever, there are numerous women who are influencing tech in positive ways. While gender diversity in the tech sector remains challenging, some women stand out as excellent role models who are making their mark on a male-dominated industry. From startup executives to tech savvy philanthropists, these women show what a passion for tech and strong leadership qualities can produce in the South African context.

  • 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.

  • Namibian Cosmetic Manufacturing Firm Aiming To Be A Global Success

    Sandra Mwiihangele created Kiyomisandz, a cosmetic manufacturing company in Namibia. (Photo: Sandra Mwiihangele) By 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.

  • 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

  • Rwanda Is East Africa’s New Tech Development Star, Kenya Falling Behind

    Rwanda has been recognized for its tech development efforts. Photo - The New Times By Tom Jackson, 10:49 am AFKI Original

    While both Kenya and Rwanda admit to the importance of tech development in spurring economic success, the countries have two different approaches. Kenya’s tech development has stalled, mostly on President Kenyatta’s watch, and the government needs to match its rhetoric with action if it is to get it going again. In contrast, Rwanda is earning a reputation as a test kitchen for startups, and a recent report placed the country first in government success in ICT promotion.

  • WorldRemit And Bank Of Kenya Join Forces To Expand Remittance Options For Kenyans

    WorldRemit And Bank Of Kenya Join Forces To Expand Remittance Options For Kenyans By Peter Pedroncelli, 8:05 am

    WorldRemit, an international digital money transfer business, and the National Bank of Kenya have joined forces to the benefit of the Kenyan people, expanding remittance options for locals and those sending money to the country. The partnership enables Kenyans living abroad to make instant transfers to Bank of Kenya accounts held in both Kenyan Shillings and U.S. Dollars.

  • 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.

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