Tech: Latest News
Peter Pedroncelli, 4:44 pm AFKI Original
While e-commerce growth in Africa continues to take place at a faster rate with each passing year, there continue to be barriers that hamper development of e-commerce on the continent. The current share of consumer e-commerce by African enterprises is below 2 percent, and has great potential. By 2018, the African e-commerce market is projected to be worth around $50 billion, from just $8 billion in 2013, according to the International Trade Centre.
Peter Pedroncelli, 6:34 am
Former Dell executive Akin Banuso has been appointed as the new Microsoft Nigeria general manager, bringing over 20 years of digital industry experience to the company. The seasoned tech professional is tasked with leading the company’s digital transformation drive in the West African nation. Nigeria represents an important market for Microsoft, as the continent’s most populous nation and one of the biggest economies in Africa.
Staff, 10:02 am AFKI Original
Edtech has the chance to increase the access to education for Africans by benefiting of the rising internet penetration rates. From raising literacy levels in poor rural areas where education infrastructure is lacking, to complementing the existing courses at Africa’s top universities, remote learning using educational technology is flexible and versatile.
Peter Pedroncelli, 7:23 am
Sub-Saharan Africa is set to be the fastest growing region in the world in terms of mobile subscriptions over the current five-year period, with over half a billion mobile subscribers expected in the continent by 2020. A new research report from industry body Groupe Spéciale Mobile Association (GSMA) confirms that the African region will experience phenomenal growth from a mobile subscriptions perspective until the end of the current decade.
Peter Pedroncelli, 6:28 am
Huawei, a Chinese smartphone manufacturer and ICT solutions firm, and WorldRemit, a digital money transfer business, have joined forces in the African context, allowing Huawei to offer WorldRemit’s international money transfer service to African customers. Mobile money services have gained great traction across Africa, with a large unbanked population in many parts of the continent able to transact via their mobile phones.
Peter Pedroncelli, 5:26 am AFKI Original
Tunisia has its own car manufacturer, and it has plans to continue the rise it has experienced in recent years with new designs and a focus on environmentally friendly car manufacturing. Based in La Marsa, the company is still relatively new, as it was only founded in 2006, but it has already made an impact in the market and is selling in Europe, Central America and the Middle East. A pioneer among Arab and African car makers, Wallyscar is determined to succeed in an industry that is dominated by European, American and Asian competitors.
Peter Pedroncelli, 6:42 am
South African medical tech startup Essential Medical Guidance, known simply as EMGuidance, won the South African leg of the Seedstars World competition at the end of June. EMGuidance provides a mobile app, which was launched last year, allowing doctors and medical professionals to source treatment protocols for chronic conditions and information on medication that differs from region to region, giving those in the medical profession the ability to make informed decisions.
Kurt Davis Jr., 5:25 am AFKI Original
While Donald Trump continues to dominate the headlines, the major storyline from the recent G20 meeting may be that Germany’s Chancellor Angela Merkel is taking charge on the global stage, and at the top of her agenda is African development. While climate change is still an important focus for the G20, there were a number of strategic initiatives that came to the forefront with regards to Africa.
Tom Jackson, 8:41 am AFKI Original
African tech hubs play a crucial role in the business development of tech startups, but many of them are struggling for sustainability. Hubs must understand the local ecosystem within which they operate, as well as the needs of their customer startups, keeping in mind that there is no one-size-fits-all approach that works perfectly for all tech hubs on the African continent.
Peter Pedroncelli, 6:11 am
Four South African banks have joined the Society for Worldwide Interbank Financial Telecommunication’s (SWIFT’s) blockchain proof of concept initiative, joining a number of major global banks in doing so. South Africa’s four traditional banking giants, Absa, FirstRand Bank, Standard Bank and Nedbank have joined the blockchain proof of concept initiative, which aims to determine whether blockchain can assist banks improve their global liquidity by reconciling their international nostro accounts in real-time.
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