Tech: Latest News

  • Power Of A Good Defense: Solar Entrepreneur Debunks Myths About Doing Business In Zimbabwe

    Zimbabwean solar entrepreneur debunks myths By Ann Brown, 2:52 pm AFKI Original

    Simbarashe Mhuriro has learned that doing business in a country with a bad reputation requires a fighting spirit. Mhuriro founded Oxygen Africa, raising $7 million so far to develop grid-connected solar plants in Zimbabwe. “Every time I step in front of a panel of investors, it’s like stepping into a ring and fighting for your country,” he told AFKInsider. In the process, Mhuriro said he has learned to create his own destiny. “With renewable energy you get to effect change in people’s thoughts and actions.”

  • Uganda Could Be 1st African Country To Regulate Digital Currencies. Bitcoin Africa: What To Expect In 2017

    Bitcoin Africa By Dana Sanchez, 4:52 pm

    Some African countries have openly criticized bitcoin use. Others have taken a wait-and-see approach. Bitcoin enjoyed a rally in 2016 that’s beaten every major currency, stock index and commodity contract, surging 15 percent during Christmas week alone. Bitcoin transactions increased more than tenfold in Kenya in 2016, according to LocalBitcoins, the world’s largest online bitcoin trading marketplace. In 2017, Uganda could be the first African country to regulate digital currencies.

  • 12 Things You Didn’t Know About South Africa’s Private Healthcare Giants

    Private Healthcare Giants By Peter Pedroncelli, 4:25 am AFKI Original

    The South African private healthcare industry is among the best in the world, with quality care available through a selection of private healthcare giants that operate hospitals, clinics and medical facilities across the globe. The South African private healthcare industry is dominated by three major companies: Mediclinic International, Netcare Limited and Life Healthcare. With that in mind, we take a look at 12 things you may not know about South Africa’s three private healthcare giants.

  • 8 African Entrepreneurs Share Advice On How They Became Successful

    African entrepreneurs By Dana Sanchez, 3:50 pm AFKI Original

    Trained as a pastry chef, Obado Obadoh learned his craft working for major Kenyan hotel chains. In 2011 he had an opportunity to buy out an existing restaurant. The result is Café Deli, Kenya. His secret to success? “Paying your debts,” he said. “When an investor or a bank gives you their money, just pay it back. They will trust you and help you in future.” Obadoh advises entrepreneurs not to get caught up trying to impress people with things they can’t afford. “I don’t … waste funds trying to live a life that’s not yet mine,” he said.

  • Can New Financial Technology Help South African Banks Manage Rising Bad Debt?

    South African banks manage rising bad debt By Dana Sanchez, 1:36 pm

    In future, insurers, asset managers and banks are likely to benefit from the innovation revolution taking place in financial technology, which is creating new means of distribution. Partnerships will be key in reaching new customers, especially in parts of Africa where insurance premiums are being built into mobile subscriptions. “For insurers, the need to drive the distribution model and mobile platforms can fundamentally help,” an EY leader says.

  • Volkswagen Wants To Pilot A New Business Model In Rwanda Combining Production, Ride Sharing

    Volkswagen By Dana Sanchez, 11:41 am

    Europe’s largest automaker is expanding in Africa, hoping to open an auto assembly plant in Rwanda and also pilot ride-hailing and car sharing services. VW’s move into “app-based integrated mobility” in Rwanda is significant for two reasons. It’s happening in an African city and it’s a new business model for future urban mobility. Rwanda does not have an established vehicle industry and Uber hasn’t entered the market yet. VW isn’t just competing with Uber. Other ride-hailing services are looking for new markets in Africa.

  • It’s Back: South Africa Invites Foreign Financing ‘Solutions’ On Nuclear Fleet, Cites Koeberg Success

    nuclear fleet South Africa By Dana Sanchez, 12:46 pm

    Nuclear fleet South Africa – it’s back. After many delays, SA has invited foreign financing solutions, formally jumpstarting its stalled nuclear build program. It put out a request for information from potential foreign contractors. Despite public protests, the government wants to build a new fleet of nuclear power stations. A RFP was delayed following reports that Russia had already secured the deal. France, U.S., China and South Korea are interested too. One thing SA has on its side is experience.

  • 1 In 4 African Airbnb Properties Is In Cape Town: How It’s Changing The Way People Buy Homes

    African Airbnb properties By Dana Sanchez, 11:43 am

    Disruption is expected to pick up in South Africa’s real estate industry in 2017, a stakeholder says. South African homeowners increasingly want to earn income from their real estate investments. Airbnb — a website that lets homeowners rent out space in their homes — is making it easier to do so. This is expected to impact how people buy property as they look for homes that will double as vacation rentals.

  • Why Are Comcast, Tencent Investing In A Nigerian Payments Startup, And What’s The Trump Connection?

    Nigerian payments startup By Dana Sanchez, 8:34 am

    Paystack, one of Nigeria’s most hotly anticipated tech start-ups, has secured $1.3M seed funding from investors including Tencent and Comcast Ventures. China’s Tencent is 46% owned by South African media company Naspers. Comcast is the largest broadcasting and cable TV company in the world. Donald Trump said he intends to keep business ties to Comcast, staying on as executive producer for the spin-off of Comcast affiliate NBC’s “Celebrity Apprentice” series.

  • Betting On Poorer Africans, Soros-Backed Leapfrog Raising $800M For Investments, Eyes Kenyan Insurers

    Soros-backed Leapfrog Investments By Dana Sanchez, 9:50 am

    LeapFrog Investments is betting on poorer Africans, or “emerging consumers” because they outnumber the continent’s middle class about four to one. Kenya’s new regulations will create buyout opportunities. Nigeria’s huge population and Ghana’s more sophisticated consumers make those markets attractive too. “We’re looking at payment companies because it’s becoming a popular tool that just offers much cheaper ways of doing business” across the continent, a LeapFrog partner said.

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