Tech: Latest News

  • Nigeria The Target Of Largest Fundraising Round To Date In Off-Grid Solar Market

    off-grid solar market By Dana Sanchez, 12:01 am

    Netherlands based off-grid solar provider Nova Lumos has raised $90 million in financing from private equity investment and development banks to roll out pay-as-you-go solar power systems in Nigeria. It’s the biggest fundraising round to date for the off-grid solar market, and hopes to provide cheaper and cleaner alternatives to kerosene for millions of people living in Africa. Nova Lumos was founded in Israel in 2012. Its “home power station in a box” includes a solar panel activated by text messaging that can supply enough electricity to charge a cell phone, operate a radio and illuminate a home.

  • Chinese Firm Buys Israeli Spacecom Despite Explosion That Blew Up Facebook Africa Payload

    Chinese firm buys Israeli Spacecom By Dana Sanchez, 5:18 pm

    Chinese company Xinwei agreed to buy Israeli satellite company Spacecom for $190 million despite a Sept. 1 rocket explosion on the launchpad in Florida that took Spacecom’s share prices down more than 50 percent. The explosion destroyed a rocket owned by tech and space entrepreneur Elon Musk and his company, SpaceX. It was carrying a satellite that Facebook had planned to use to expand internet access in Africa. Facebook founder Mark Zuckerberg said he wouldn’t give up on internet for Africa.

  • How 4 Sub-Saharan African Countries Stack Up For Climate-Smart Investment Potential

    climate-smart investment By Dana Sanchez, 10:46 am AFKI Original

    Currency depreciation and rising inflation have made investing a challenge in some African countries. A global private-sector development group identifies four African countries that have potential for climate-smart investment. These investments will make energy more accessible and infrastructure more resilient as climate change threatens to undermine developmental gains. South Africa is ahead of the game. With 90% of its electricity from coal, SA has approved 79 renewable energy projects by independent power producers. The cost of wind and solar has decreased more than 70%, and is now competitive with new-build coal, IFC reported.

  • Rwandan Genocide Survivor Builds A Media Empire Empowering Youth

    Rwandan genocide survivor By Ann Brown, 8:12 am AFKI Original

    A survivor of the Rwandan genocide, entrepreneur Marcel Mutsindashyaka chose to use the media, not for revenge, but for peace building. His Rwandan media and IT company has helped restore unity in the country by engaging youth. It is now the second most popular news website in Rwanda. Mutsindashyaka was chosen to be in Obama’s Young African Leaders Initiative. The experience “opened my mind from local to global perspective,” he told AFKInsider. “From this I realized that there is potential for the U.S. and Africa to collaborate for mutual benefit.”

  • US-Based Renewable Energy, Data Tech Firms Attract Angolan Investors

    Pioneering Angolan firm By 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.

  • Kenya’s Little Cab Plans To Take On Uber In Uganda And Nigeria

    By 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

  • Why Connectivity Is Key To African Growth

    By 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.

  • Senegal To Introduce A New Blockchain Based National Digital Currency

    By 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

  • Why China’s WeChat Is Paying South Africans To Eat At McDonald’s

    WeChat By 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.

  • South African Teen Innovator Wins $50,000 At Google Science Fair

    By 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).

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