Tag Archives: Technology
Technology: Latest News
Peter Pedroncelli, 5:40 am AFKI Original
Africa is the new tech frontier, with a great deal of potential and passion for technology that should translate into the right environment to nurture and grow successful African tech startups, but obstacles and struggles remain. These issues scupper the necessary investment and growth that these startups require so that they can become sustainable and successful on a continental and global scale. We take a look at 12 things that need to be addressed in order to help struggling African tech startups.
Dana Sanchez, 1:38 pm
The JSE plans to open a second office in Cape Town — its first outside Johannesburg — a move that ‘s likely an attempt to defend its territory from new players who want competing stock markets. One of the competitors is the 4 Africa Exchange. Chichi Maponya will represent black economic empowerment partner, the Maponya Group, on the 4AX board. Check out 4 competitors that want to disrupt the Johannesburg Stock Exchange monopoly.
Dana Sanchez, 1:33 pm
Cape Town-based fintech startup Jumo says it wants to hire locals, so why did it just hire an American veteran of Silicon Valley startups that became mega companies? “You want senior engineers who have lots of scars, because you can’t pay for that,” said the company founder. “It’s what helps you take shortcuts and avoid things from falling over.” On the Jumo homepage, watch the firm’s online mobile money transactions in the last minute. It’s mind-boggling, assuming they’re in real time. Cha-ching.
Peter Pedroncelli, 4:10 am AFKI Original
Tourism is an important industry within many African countries, and technology is helping to contribute positively to the growth and sustainability of tourism across the continent. Despite challenges, tourism is booming and growing in Africa, thanks to a resurgent economy and a more digitally connected world, along with the opportunities that this world now provides.
Dana Sanchez, 10:00 pm
Selfies may be deadlier than shark attacks, but Africa is home to some terrifying shark species and tourism officials want to keep them away from visitors. New technology that protects people from sharks and vice versa is a surprisingly robust area of research. South Africa had 20 fatal shark attacks from 2004 through 2014. The U.S. had 11 — plus more than 500 non-fatal attacks.
Staff, 11:12 pm
In Sonnet 76, Shakespeare writes about “invention in a noted weed.” South African scientists shed new light on old pipes found buried in the bard’s garden using state-of-the-art forensic technology. Chemical analysis of residues in early 17th-century clay “tobacco pipes” confirm that a diversity of plants was smoked in Europe. This begs the question whether Shakespeare’s plays were performed in Elizabethan England in a smoke-filled haze.
Dana Sanchez, 5:38 pm
The technology that produced the spears used by Shaka Zulu and his warriors was an important component of precolonial African economies, says TEDx speaker Shadreck Chirikure. Long before mining giants like Rio Tinto and Vale and BHP Billiton started extracting African resources and shipping them overseas, Africans were doing indigenous mining and metalworking. African don’t talk about it much, Chirikure says.
Kevin Mwanza, 9:47 am
Africa’s telecom, media and technology sectors are expected to see more deals in coming years as an increasing number of private equity firms seek investment opportunities on the continent. companies such as the Carlyle Group, KKR, The Abraaj Group and Helios Investment Partners, have all setup up to $1 billion dedicated funds to invest in African companies, which is likely to help increase deal activity.
Staff, 11:55 am
The Nigerian tech sector is one of the few in the country that politicians have not been able to politicize, according to an opinion piece in HTXT. On social media, founders of startups and other tech stakeholders in Nigeria are divided about their preferred candidates. But on this they agree: they want the industry to grow and politicians to butt out.
Staff, 7:50 pm
The source of the leak to the Qatar-owned Al Jazeera TV company and to Britain’s Guardian has not been publicly revealed but must be someone with access to the files of South Africa’s intelligence service and the foreign documents that were shared with it. Many of the documents, dating from 2006 to 2014, focus on spying by and on Israel and Iran.
- Real Estate