Tech: Latest News

  • Vodacom Making Moves In East Africa, Acquires Majority Stake In Safaricom

    Vodacom Acquires Majority Stake In Safaricom. By Peter Pedroncelli, 4:39 am

    South African telecommunications giant Vodacom is in the process of acquiring a majority stake in Kenya’s largest company and major East African telecoms firm, Safaricom. The announcement was made on Monday, with a proposed 34.94 percent indirect stake set to be bought from the Kenyan government. The stake is worth 284 billion Kenyan shillings or around $2.76 billion, based on Safaricom’s current share price on the Nairobi Securities Exchange.

  • Is Africa Lagging Behind In The Drone Business?

    drone business By Staff, 8:44 am

    As transportation devices, drones are best suited to rural areas and countries that lack infrastructure. A drone network could be an important addition to the infrastructure of many African countries. Surveying, security and delivering goods including medicine to rural areas are drone applications that all have the potential to become big businesses in Africa. There’s evidence it’s already starting. Companies including Amazon, UPS and others in the logistics and transportation sector want to use drones for deliveries.

  • Africa Looks to Leverage Information And Communication Technology To Boost Development

    information and communication technology By Staff, 8:20 am

    African Heads of State and Government present at the recently concluded Transform Africa Summit pledged to advance the continent’s digital transformation. The leaders noted that they recognize the role of information and communication technology (ICT) in fast-tracking development of their countries and the continent in generals.

  • How And Why Investors Are Shaping Africa’s Fintech Sector

    fintech in Africa By Staff, 7:47 am

    Fintech represents low-hanging fruit for innovators and investors because many parts of the region are underserved with financial services.

  • South African Techpreneur Talks About Lessons From Silicon Valley

    Lessons From Silicon Valley By Staff, 9:32 am

    SweepSouth is a South African start-up which allows customers to book a home cleaner online at R38 (US$2.8) per hour. The company was launched in Cape Town in June 2014 by husband-and-wife team, Aisha Pandor and Alen Ribic, and has since expanded to Johannesburg, Pretoria and Durban.

  • University of Nairobi Student Crowned Miss Geek Africa 2017

    Miss Geek Africa By Staff, 8:55 am

    Miss Geek Africa is a continental competition designed to inspire African girls to be part of solving the continent’s challenges using technology and encourage them to choose a career in Science, Technology, Engineering and Math (STEM).

  • Access To Data Could Close Africa’s Digital Divide

    Access To Data By Staff, 8:34 am

    Data remains a luxury and often agonizingly out of reach, even on mobile. In fact, 60 percent of people in sub-Saharan Africa will still lack a data connection in 2020. Wide accessibility to SMS has made mobile banking possible, but more sophisticated services require data provision to work, especially services which require strong security.

  • African Financial Services In 2017: Buying Low For The Upside

    African financial services By Kurt Davis Jr., 5:03 pm AFKI Original

    The story line in 2017 is buy undervalued assets, especially those with massive upside — no surprise. The surprise, however, may be looking for that opportunity in the Democratic Republic of the Congo. Kabila is still in power despite his term of office ending. Mineral prices have been low and hurt local mining companies. Budget cuts are a big topic in local politics. The DRC, like one or two other countries on this list, is worrisome on the surface. But there are opportunities in the government’s desire to strengthen private-sector investment.

  • CodeBus Africa Inspiring African Youth To Be Tech Creators

    The team behind the success of CodeBus Africa in Zambia. Photo: Twitter By Peter Pedroncelli, 6:31 am

    The CodeBus Africa initiative, which sees African and Finnish programmers and tech experts working together to run coding workshops for young people throughout Africa, is aimed at inspiring a new generation of coders who will create innovative tech on the continent. The CodeBus Africa project is essentially a 100-day tour through 10 countries on the African continent, with Finnish and African innovators collaborating as part of Finland’s official 100th-anniversary celebrations.

  • Cape Town Brings In Over $112M In 6 Years As Africa’s Best Business Tourism Destination

    Cape Town Brings In Over $112 Million In Six Years As Africa's Best Business Tourism Destination By Peter Pedroncelli, 5:53 am

    Cape Town has been named the best business tourism destination on the African continent once again, a ranking produced by the International Congress and Convention Association (ICCA) revealed. The Mother City is now considered the 39th best business tourism hub in the world, having improved last year’s ranking by 15 spots. In the last financial year, the city secured 33 new bids with an estimated attendance of 28,000 delegates and an estimated economic impact of around $31.7 million, while conferences over the past six years have had an estimated economic impact of more than $112 million.

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