Tech: Latest News
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.
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.
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
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.
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.
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.
Peter Pedroncelli, 6:47 am
British mobile virtual network operator Lycamobile is expanding into Africa, and has chosen South Africa as their first sub-Saharan African market. As the biggest mobile virtual network operators in the world, Lycamobile’s expansion to South Africa will be their first in the region, as well as the 23rd country within their list of global markets.
Staff, 11:48 am
If you follow the right accounts for young African tech entrepreneurs on Twitter, it can feel like there’s a never ending debate about who gets funding or not in Africa. While many of those debates have grown, founders from one sector of the startup space have been more positive than most: fintech.Take Flutterwave, a payments company which builds infrastructure to ease processing payments across Africa, it’s raised $10 million in its Series A round. Flutterwave was co-founded by Iyin ‘E’ Aboyej.
Ann Brown, 11:19 am
Rwandan President Paul Kagame has broken ground to begin construction on the $818m Bugesera International Airport in Rwanda. The airport is being built to handle the rising air traffic in the country, as well as bolster intraAfrican travel, investment and business. Kagame said: “Bugesera Airport is an important part of Rwanda’s strategy for socio-economic transformation. “Rwandans to whom we are accountable are used to having high expectations and trust us to deliver. This will be no different.”
Staff, 8:29 am
The Federal Government says it is embarking on Smart City project in order to leverage on technology solutions to improve efficiency of cities across the country. The minister of communication Adebayo Shittu disclosed this at the opening ceremony of the Smart Cities Nigeria Summit yesterday in Abuja. The minister said the with the development of new technological innovations–mainly ICTs–the concept of the “Smart City” has emerged as a means to achieve more efficient and sustainable cities.
- Real Estate