Features: Latest News
Tom Jackson, 6:25 pm AFKI Original
Safaricom is future-proofing its business with innovative new products and an investment in a telecommunications lab, which will streamline innovation and testing at the Kenyan telecoms giant. It has been 10 years since Safaricom launched the M-Pesa mobile money service that is widely attributed to being the catalyst for Africa’s fintech ecosystem and having played a huge part in establishing the company as a market leader.
Peter Pedroncelli, 2:08 am AFKI Original
While Africa is a continent with great investment potential, some African economies have struggled to attract foreign investors. Certain economies have not experienced the positive growth that characterizes many of the nations within the African continent, and as a result they remain unattractive as investment destinations. Quantum Global Research Lab conducted research to produce the 2017 Africa Investment Index based on a variety of factors such as macroeconomic and financial indicators and the World Bank Group’s Ease of Doing Business Indicators. Here are the 12 least attractive African economies to invest in for 2017.
Kurt Davis Jr., 12:01 am AFKI Original
African bond investors are laying the rules for 2017 after a tumultuous 2015 and 2016. Senegal’s $1.1 billion Eurobond launch earlier this month establishes the parameters. The offering – more than eight times oversubscribed – demonstrates investors will reward African countries for growth and political stability. But what many African sovereign bond issuers will have to consider is how big yields could become. In some corners of the continent, bankers may start to ask if there will be a penalty for those holding significant undisclosed debts.
Tom Jackson, 10:33 pm AFKI Original
The Internet Of Things is already widespread, but people aren’t using the terminology or the platforms that bring greatest value to connectivity between devices, says Arthur Goldstuck, MD of South African tech market research firm World Wide Worx. In Africa, IoT is used primarily in vehicle tracking and telemetry — you might call them the first generation of IoT. There isn’t an industry in Africa that has not been disrupted, a stakeholder said. “All industries are moving into this digital age and are transitioning or transforming their business models. IoT is a key driver for that.”
Peter Pedroncelli, 7:44 am AFKI Original
Internet penetration continues to be a challenge in Africa, but there are success stories throughout the continent, with the number of internet users growing consistently. East Africa is a positive story within this context, with a few countries from this region appearing in the list, while the continent’s biggest economy, as well as the most developed economy, feature prominently on the list. Here are the 12 African nations with the highest number of internet users.
Peter Pedroncelli, 8:25 am AFKI Original
Tech companies continue to inspire Africa and Africans through their unique service offering to the continent and the way in which they enhance people’s lives. From renewable energy to telecoms and other tech firms, African consumers are benefiting from a growing tech sector throughout Africa, and certain companies are making waves as inspirational businesses contributing to better lives for the people they serve. Here are 12 tech and telecoms companies that continue to inspire Africa.
Ann Brown, 1:00 am AFKI Original
Siyabonga Beyile gives his mom the credit for inspiring the name of his business, The Threaded Man. The South African business started as a blog and evolved into an online mens fashion destination and consultancy. “She used to call me ‘Umfana Othungiweyo’ in Zulu which translates to ‘The Threaded Man,'” Beyile told AFKINsider. “It is the concept that you are not just ‘threaded’ through the clothes you wear but also how you carry yourself.” Major brands such as H&M reach out to Beyile for advice on how to market to the African millennial.
Tom Jackson, 8:35 am AFKI Original
Fresh from tech achievements M-Pesa, iHub and Ushahidi, Kenya in 2013 launched a $14.5B project to build Konza Techno City, a large tech hub planned outside Nairobi. Four years later, funding for Kenyan tech startups is in freefall. There have been few recent notable tech success stories and Konza City seems further away than ever. Investors have been wary to put up money until they have assurances from the government on reliable low-cost energy, water, plans to limit traffic and prevent slums from being built near Konza.
Peter Pedroncelli, 11:10 am AFKI Original
South African professionals are increasingly interested in being involved with the tech sector in the country, as there is a great deal of demand for quality skills that can help in boosting top companies. Universum Global conducts an annual employer attractiveness survey, which focuses on young professionals and their workplace preferences, comprising of responses from 46,891 students and 22,321 professionals from across South Africa. Here are the 10 most attractive tech employers for professionals in South Africa.
Kurt Davis Jr., 10:55 am AFKI Original
Many African economies could use an infusion of cash into their agricultural markets at the exchange entry point. Liquidity is vital to further stimulate market activity in Africa, especially in the agriculture sector, where 70 percent of Africans make a living. Many African countries do not have agricultural commodity exchanges (or any active trading market) and effectively lack the liquidity and incentive to spur more cash inflow and investors into the sector.
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