Politics: Latest News
Kurt Davis Jr., 5:25 am AFKI Original
While Donald Trump continues to dominate the headlines, the major storyline from the recent G20 meeting may be that Germany’s Chancellor Angela Merkel is taking charge on the global stage, and at the top of her agenda is African development. While climate change is still an important focus for the G20, there were a number of strategic initiatives that came to the forefront with regards to Africa.
Tom Jackson, 8:41 am AFKI Original
African tech hubs play a crucial role in the business development of tech startups, but many of them are struggling for sustainability. Hubs must understand the local ecosystem within which they operate, as well as the needs of their customer startups, keeping in mind that there is no one-size-fits-all approach that works perfectly for all tech hubs on the African continent.
Peter Pedroncelli, 6:11 am
Four South African banks have joined the Society for Worldwide Interbank Financial Telecommunication’s (SWIFT’s) blockchain proof of concept initiative, joining a number of major global banks in doing so. South Africa’s four traditional banking giants, Absa, FirstRand Bank, Standard Bank and Nedbank have joined the blockchain proof of concept initiative, which aims to determine whether blockchain can assist banks improve their global liquidity by reconciling their international nostro accounts in real-time.
Staff, 9:24 am
In June 2017 the Togolese government awarded two new Internet service provider licenses. The winning companies are Teolis and GVA. The government expects the new Internet service providers to boost competition and lower prices, feeding increased adoption of high-speed Internet services. The companies are expected to launch their first services in the first quarter of next year. This boost to competition is going to push up broadband penetration in the country to 1.1 percent by the end of 2021.
Staff, 9:10 am
Somalia’s government says a widespread Internet outage that began roughly in late June is costing the Horn of Africa nation about $10 million each day and is a “major disaster.” Somalia’s post and telecommunications minister, Abdi Anshur Hassan, told a press conference recently that Somalia has lost more than $130 million so far. The country’s loss of Internet service has sparked anger across Somalia and affected the central and southern parts of the country including the capital, Mogadishu
Staff, 10:25 am
VCs and startup founders rarely pay attention to slow-moving but powerful macro global events, especially with so many fast-moving things to focus on at the micro level, like technology, teams, and trends. While VCs and startup founders often are the earliest to know about technological advances bubbling from the bottom up (while public-market hedge fund and global macro investors find out about them only later), they often are the last to know about global macro forces that may impact them.
Staff, 9:50 am
The second edition of the Global Cybersecurity Index 2017, released earlier this week by the International Telecommunications Union (ITU), an agency of the United Nations, measured the commitment of ITU Member States to cyber security and highlighted a number of illustrative practices from around the world. The survey measures the commitment of countries to cyber security based on five pillars namely: legal, technical and organizational measures, capacity building and international cooperation.
Peter Pedroncelli, 7:39 am AFKI Original
Technology has an important role to play in African daily life, and in fact, some mobile apps that have been created contribute to saving lives. Mobile apps are easily accessible, often free or cost-effective, and can be used on the go. Whether helping to enhance healthcare, assist with security or summon law enforcement, the mobile apps on this list have been designed specifically to deal with challenges and assist African communities with crucial elements of their lives. Here are 12 mobile apps that are saving lives in Africa.
Tom Jackson, 3:38 pm AFKI Original
Informal markets represent an incredible opportunity in Africa. In Zambia, for example, the informal sector accounts for 90 percent of employment, and represents well over one million informal businesses. Key areas that need exploring are agribusiness, textiles, timber and forestry, as there are huge opportunities to disrupt smallholder enterprise systems and introduce innovative concepts that can be sustainable and profitable.
Peter Pedroncelli, 7:23 am
Kenya is the first country in the world to issue a mobile phone-based bond that does not require the availability of a bank account. The Kenyan government began selling a three-year infrastructure bond, known as M-Akiba, on March 23, issuing an initial $1.44 million worth that was sold out in a matter of days. The success of the bond issue via mobile has led to another $9.64 million being made available following the first part of the bond being fulfilled.
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