Tech: Latest News
Peter Pedroncelli, 3:44 am
In the confusion and concern surrounding the potential for hyperinflation to heavily affect Zimbabwe, bitcoin has become a viable and popular means of transacting with regards to big ticket items, driving the price of the cryptocurrency on the local exchange. The price of bitcoin on Zimbabwe’s exchange, BitcoinFundi, was trading at a 85 percent premium at $7,200 per bitcoin on Wednesday.
Peter Pedroncelli, 3:19 am
South African bitcoin wallet and exchange, Luno, has expanded into Europe while attracting an additional investment of $9 million in a recent round of funding. Luno announced that it was expanding its service offering to cater for an additional 35 markets in Europe, bringing its total number of territories to 40. The bitcoin exchange enjoyed a successful Series B funding round led by London-based venture capital firm Balderton Capital.
Peter Pedroncelli, 5:15 am
A Rwandan startup called EarthEnable has been crowned as the winner of an international sustainability innovation competition for an ingenious idea that is focused on helping poorer communities. EarthEnable won the annual Postcode Lottery Green Challenge thanks to their sustainable alternative for cement as a replacement for dirt floors, winning the Rwandan startup $600,000 in prize money.
Staff, 8:32 am
An Egyptian tech school is shattering stereotyping in tech by enabling more women to learn programming, coding, and elements of building websites. AlMakinah initiated a program for women, “The Women in Tech Track,” with the aim of addressing the imbalances in gender. “The program includes sessions on front-end web development, data visualization, digital marketing and workshops on confidence and resilience and talks by industry experts about the tech field,” Hoda Hamad, program manager, said
Staff, 8:02 am
Mastercard released its first South African SpendingPulse report. The report, published worldwide, is based on transactions across every payment medium – including cash, wire transfers, and credit cards. This equates to over 80 billion transactions processed annually in 210 countries, and provides an accurate representation of consumer spending habits. Sarah Quinlan, senior vice president for Mastercard, indicated that one of the biggest changes in shopping trends came after the 2008 recession.
Staff, 7:50 am
Silicon Valley based African Technology Foundation and Managing Partner of the Liberalizing Innovation Opportunity Nations partnership, announced the launch of the State of Play report. The report provides a continental, regional, and industry look at the evolution of technology ecosystems on the African continent. The report highlights the youthful population and the bias towards innovation and entrepreneurship, and sets the stage for a deep-dive into technology and innovation activities.
Staff, 3:04 pm
Two weeks after the deadly floods that ravaged Benue State, the number of displaced people is still on the rise. An estimated 110,000 people were displaced by the floods. Relief materials have poured in since the floods abated. But maybe there is one or two –or three– ways we can use tech to help. Africa’s richest man Aliko Dangote donated to the victims.Nigerian-Ghanaian rapper Mr. Eazi pledged to donate 10% of proceeds from his ‘Life is Eazi Culture’ festival in London to victims of the flood.
Staff, 2:46 pm
SA property companies should use tough economic times to strengthen themselves for the future, says research and advisory group, Grant Thornton.Real estate firms are no strangers to cyclical disruption, especially the likes of which the local market is experiencing at the moment; but to prosper in the future, the industry must enhance its capabilities to manage new types of disruptions. Lee-Anne Bac, Grant Thornton, believes SA property firms cannot rest on their laurels in difficult conditions.
Staff, 8:59 am
Angola is taking the world by surprise. With the recent explosion of advancements in healthcare, technology, and transportation the continent is seeing a major shift in the way of life. Luanda even now takes the number one spot for the most expensive city in the world for expats. Becoming one of the world’s most expensive cities isn’t always perceived as a positive. This is especially true for the native people of Luanda who are also affected and not yet adjusted to the big change in economy.
Peter Pedroncelli, 3:49 am AFKI Original
The Seedstars Lagos Competition served as the Nigerian leg of the global early-stage startups competition for emerging markets took place at the end of August, with 10 of the best startups vying to be the representative from Nigeria for the global final event next year. Here are the 10 tech startup finalists that were in consideration for the Seedstars Lagos Competition.
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