Tech: Latest News
Dana Sanchez, 7:13 pm AFKI Original
Angolan attorney Zandre Campos quit his job with Sonangol, Angola’s giant state-run oil company, to start a private international investment firm. He wants to bring the best of the world to Africa. “We want to participate in the future of this continent. We’re talking about international standards,” he told AFKInsider. His latest investment is his company’s first in the U.S. He’s investing in U.S. technology. “Most of our investors are local Angolans — young guys like us,” Campos said.
Kevin Mwanza, 9:29 am
Little Cab, a taxi-hailing app owned by Nairobi-based technology firms, Craft Silicon, and East Africa’s biggest telecommunication provider, Safaricom, plans to expand its operations to Uganda and Nigeria as it intensifies its market battle against the dominant U.S.-based taxi-haling firm, Uber. The decision is likely to change the app’s fortunes, whose increase in customers in Kenya has not led to a rise in its earnings
Tom Jackson, 6:56 am AFKI Original
A recent McKinsey report on “digital globalisation” found flows of data and information now generate more economic value than the global trade in goods. Essentially, this means that an industry that did not exist 15 years ago is now bringing in more value to a country’s Gross Domestic Product (GDP) than the centuries-old trade in goods. That is quite something.
Staff, 7:22 am
Senegal has recently become only the second country in the world which will introduce a new national digital currency. Named eCFA, the digital currecy will be blockchain based and will be legal tender just as their current currency, CFA Franc, is. Senegal’s eCFA comes from a partnership by Banque Régionale de Marchés (BRM) and eCurrency Mint Limited. BRM will issue the digital tender currency, the eCFA, in compliance with e-money regulations
Dana Sanchez, 2:06 pm
McDonald’s opened its first burger and fast-food restaurant in South Africa in 1995, and now has more than 200 stores. Chinese mobile messaging app WeChat is trying to compete with Facebook-owned WhatsApp, which dominates in SA, by collaborating with large merchants like McDonald’s. Customers can now pay at McDonald’s using mobile payments at some locations. WeChat is dominant in China, where 200M-plus use its mobile payment platform. Mobile payments have not caught on in SA like they have in China or Kenya.
Kevin Mwanza, 8:29 am
Kiara Nirghin, a 16-year old South African schoolgirl, won the Google Science Fair’s Community Impact Award innovation prize, for her discovery that is set to help increase the soil’s ability to retain water. Nirghin, who won $50,000 in scholarship for the innovation undertook three experiments in 45 days to discover an orange peel and avocado skin mixture that is likely to replace the expensive and non-biodegradable super-absorbent polymers (SAPs).
Kevin Mwanza, 7:57 am
Kiira Motors Corporation, the Ugandan motor-vehicle manufacturer that produced Africa’s first ever solar-powered bus in February will not commercially produce similar buses for at least the next ten years, further pushing forward the continent’s dream of producing eco-friendly cars. The delay has been caused by lack of financial partners ready to support the Ugandan auto-maker venture into the market.
Kevin Mwanza, 5:27 am
Uganda could become the first African nation to adopt legal regulations in the use of bitcoin in monetary transactions after hosting an event focused on the policy guidelines, legal and social-cultural issues on the use of crypto-currencies on the continent. The Ugandan government has left the digital currency, which is owned by BitPesa of Kenya, largely un-regulated since its entry into the region’s second biggest economy in November, last year.
Dana Sanchez, 3:26 pm
South Africa has seen a massive adoption of North American retail trends, and Black Friday is no exception, a trend analyst says. “It is tested, it works and is already embedded in the minds of South Africans.” Other research analysts are more critical. “Black Friday…is an attempt to cash in on the hype surrounding the day in the U.S.,” said Arthur Goldstuck, managing director at tech research firm World Wide Worx. “It is a classic example of self-inflicted cultural colonialism, except that here the motive is unashamedly commercial. That, in turn, means it represents blatant exploitation of the consumer at its worst.”
Peter Pedroncelli, 2:33 am AFKI Original
African business leaders make use of social media to communicate with and mentor their followers, dropping pearls of wisdom in under 140 characters. From South Africa to Nigeria, the high profile personalities and multi-millionaires from Africa offer their opinions on many issues while advancing their own agendas through social media. Here are 12 African business leaders worth following on Twitter.
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