Tech: Latest News
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.
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.
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.
Staff, 7:47 am
Fintech represents low-hanging fruit for innovators and investors because many parts of the region are underserved with financial services.
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.
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).
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.
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.
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.
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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