Staff, 8:37 am
“Welcome to the System! Together we will change the world!” These are the words I found scrawled at the bottom of a web page, right next to a picture of Sergei Mavrodi, a convicted Russian fraudster infamous for operating Mavrodi Mundial Moneybox (or MMM), one of the world’s largest ponzi schemes. Two decades after MMM was shut down, the organization reemerged under new branding, as a technology-driven “financial mutual-aid network” that uses Bitcoin to provide its members up to 100% returns.
Staff, 7:49 am
Silicon Valley is ignoring Africa’s startup scene, passing up an opportunity to invest in creating innovative technology-based businesses on the continent, according to TechCrunch Inc. “Silicon Valley does not understand the context of Africa, so we see it as an opportunity to fill the gap,” Edward Desmond of Verizon Communications said in an interview Wednesday in the Kenyan capital, Nairobi. “The outside world that is very powerful does not know the innovation and possibilities available.”
Staff, 2:40 am
Uber is committed to Egypt despite challenges presented by sweeping economic reforms and record inflation, the company said as it announced $20 million of investment in its new center in Cairo. The Egyptian pound has lost half its value and fuel prices have jumped by up to 50 percent since the North African country floated the currency in November as part of reforms demanded by the IMF in exchange for a $12 billion loan aimed at reviving the economy. Egypt has been luring back foreign investors.
Staff, 7:36 am
In this sophisticated world, the role of technology is massive. Technology allows anyone to do things, which once were unimaginable or impractical, so easily. In developing or under-developed world, technological innovations could deliver far more services to improve the lives of millions. Less well-off people in such areas have started providing adequate information about the standard of life they lead using Smartphone. They diagnose their own level of poverty in 30 minutes using the device.
Staff, 7:13 am
Somalia launched its first technology innovation hub aimed at providing technology solutions to some of the challenges facing the country. The UN Mission in Somalia said, “The hub offers young entrepreneurs a platform for technological innovations and collaborations, including business training, mentorship, free internet connectivity, and support during the incubation stages of their start-ups.” The hub will a working space for young people keen on using technology to drive business.
Staff, 6:54 am
Senegalese start-ups are testing the market for online music platforms in West Africa, where interest in digital entertainment is growing but a lack of credit cards has prevented big players from making inroads.Long celebrated in Europe for their contribution to “world” music -with Mali’s Salif Keita, Senegal’s Youssou N’Dour and Benin’s Angelique Kidjo household names in trendy bars – West African musicians struggled to make money back home, where poverty is widespread and music piracy rampant.
Staff, 8:11 am
The National Advisory Council on Innovation (NACI), has released the 2016 Science Technology and Innovation (STI) Indicators Report which provides data about the performance of the country’s system of innovation. The report is released annually. The 2016 STI indicators report is based on the analysis of the National System of Innovation performance during the period between 1996 and 2016. The STI Indicators report is released annually by NACI an entity of the Department of Science and Technology
Staff, 7:41 am
Conservancy rangers increased security by cutting down on theft, road banditry and cattle raiding, and when conflict did flare, NRT elders would intervene to de-escalate the situation before fighting could break out. Established in 2004, the NRT currently supports 35 community conservancies spanning some 17,300-square miles in northern and coastal Kenya – making up an area larger than Denmark. Over 600,000 people there live alongside elephants, rhinos, lions, zebra, giraffe, buffalo and more.
Staff, 7:27 am
The spotlight is on the work of international observer teams, but there are also much wider questions of electoral capacity — problems that extend to the top of the African Union, and thence across the continent. African democracies are in the process of coordinating a generation jump in technology. They have actually done a remarkable job by global standards. Electronic voting is not used in the UK, where people in wait while someone with a pencil draws a line through their name on a paper.
Staff, 5:48 pm
Ghana will apply technology to cut down the huge foreign exchange spent on the cost of food importation, the country’s Minister for Food and Agriculture said. Ghana spent a total of $2.2 billion to import cereals consumed locally in 2016 as compared to $345 million in 2007. He said the government will engage small farmers and support them with relevant technology to enhance agricultural productivity. The strategy is to transform agriculture by introducing new technology to small-scale farmers.