Staff, 5:25 pm
Top United States investors, under the US-Nigeria Council platform, are looking at exploring market opportunities domiciled in the Nigerian economy. Their intentions were made known at the just concluded 72nd United Nations General Assembly, which convened a high powered business dinner with top US investors with interest in Nigeria, a statement by USNC on Monday indicated. The USNC is a business-to-business organization that works to promote partnerships between Nigerian and American companies.
Staff, 5:09 pm
The practice involves draping wet soil in a special kind of polythene film to conserve moisture. I visited Kathama, a tiny village in Machakos, where I discovered remarkable farming techniques. This is a novice innovation with great capacity in a water scarce area. In Kathama, I connected with one Joseph Mwanzia; an ageing farmer who uses plastic film technology. By using the technology, he had increased his maize production three-fold. The plastic film technology is an effective technology.
Staff, 9:35 am
On any corner in Nairobi on any given day, the future of African commerce can be seen in action. From the most basic of feature phones, right up to sophisticated smartphones, M-Pesa has revolutionized how people pay each other money and do financial transactions. Since M-Pesa was pioneered by Safaricom –Kenya’s largest mobile operator with some 70% market share– it has expanded to 29.5 million active customers in 10 markets. They did a whopping 6 billion mobile money transactions in 2016.
Staff, 9:17 am
While China snakes its influence in technology across African, one of its smaller neighbors has also been making inroads in countries. South Korea claims to have a stronghold in the central African country of Rwanda. The unlikely story begins with KT Corporation, a South Korean telecoms giant, which started helping to form the backbone to Rwanda’s communications infrastructure a decade ago. The state-owned company currently builds and operates ICT services in Rwanda’s public and private markets.
Staff, 8:59 am
None of African leaders at the U.N. General Assembly made a statement about technology. Can we handle its negative effects if we don’t discuss how best to streamline its use.In Nigeria, Twitter and WhatsApp was used to fuel inter-ethnic violence despite warnings by the president and vice president against hate speech on social media. We had a similar event in Kenya during the recently cancelled election when some people were arrested for sending messages on WhatsApp calling for ethnic cleansing.
Staff, 8:32 am
An Egyptian tech school is shattering stereotyping in tech by enabling more women to learn programming, coding, and elements of building websites. AlMakinah initiated a program for women, “The Women in Tech Track,” with the aim of addressing the imbalances in gender. “The program includes sessions on front-end web development, data visualization, digital marketing and workshops on confidence and resilience and talks by industry experts about the tech field,” Hoda Hamad, program manager, said
Staff, 8:02 am
Mastercard released its first South African SpendingPulse report. The report, published worldwide, is based on transactions across every payment medium – including cash, wire transfers, and credit cards. This equates to over 80 billion transactions processed annually in 210 countries, and provides an accurate representation of consumer spending habits. Sarah Quinlan, senior vice president for Mastercard, indicated that one of the biggest changes in shopping trends came after the 2008 recession.
Staff, 7:50 am
Silicon Valley based African Technology Foundation and Managing Partner of the Liberalizing Innovation Opportunity Nations partnership, announced the launch of the State of Play report. The report provides a continental, regional, and industry look at the evolution of technology ecosystems on the African continent. The report highlights the youthful population and the bias towards innovation and entrepreneurship, and sets the stage for a deep-dive into technology and innovation activities.
Staff, 3:04 pm
Two weeks after the deadly floods that ravaged Benue State, the number of displaced people is still on the rise. An estimated 110,000 people were displaced by the floods. Relief materials have poured in since the floods abated. But maybe there is one or two –or three– ways we can use tech to help. Africa’s richest man Aliko Dangote donated to the victims.Nigerian-Ghanaian rapper Mr. Eazi pledged to donate 10% of proceeds from his ‘Life is Eazi Culture’ festival in London to victims of the flood.
Staff, 2:46 pm
SA property companies should use tough economic times to strengthen themselves for the future, says research and advisory group, Grant Thornton.Real estate firms are no strangers to cyclical disruption, especially the likes of which the local market is experiencing at the moment; but to prosper in the future, the industry must enhance its capabilities to manage new types of disruptions. Lee-Anne Bac, Grant Thornton, believes SA property firms cannot rest on their laurels in difficult conditions.