Peter Pedroncelli, 4:37 am
African smartphone growth numbers are down in the fourth and final quarter of 2017, following on from positive growth in the third quarter. Africa’s smartphone market experienced a quarter-on-quarter decline of 6.4 percent during the period under review in the fourth quarter of 2017, according to the International Data Corporation. The decline in growth is represented by shipments of around 20.3 million units in the quarter.
Peter Pedroncelli, 6:39 am
Global music streaming service Spotify has officially launched its services in South Africa this week. The Swedish music streaming giant makes South Africa its first market on the African continent, but intends to expand into other parts of Africa. Streaming is now the dominant form of music consumption globally, and the high penetration of mobile in South Africa will make it accessible to South Africans from all walks of life.
Peter Pedroncelli, 6:53 am
South African mobile security solutions company, Entersekt, has won the Best Mobile Security Technology award in the annual Banker Africa Southern Africa Banking Awards. Entersekt has won the mobile security technology award for the third consecutive year. The South African fintech company develops push-based authentication and app security technology to protect clients in numerous industries.
Peter Pedroncelli, 7:28 am AFKI Original
U.S.-based venture capital fund Village Capital has announced the full cohort of fintech startups from Africa that will take part in the Village Capital Fintech Africa 2018 program. Their venture development program will see the 12 early-stage African fintech startups, which are focused on improving financial health, work through a specific curriculum over a three-month period, in collaboration with PayPal. The startups have been chosen from Kenya, Uganda, and Nigeria.
Peter Pedroncelli, 6:04 am
Kenyan ride-hailing firm Mondo Ride is on a mission to continue its expansion across the continent, with three new cities set to receive its services in the coming year. The company did not specify which three cities it would be launching new operations in, but it will be expanding from its current markets in Kenya, Tanzania and Uganda. The company provides ride-hailing services that rival competitors Uber and Taxify in Kisumu, Dar es Salaam and Kampala.
Peter Pedroncelli, 4:47 am
U.S.-based venture capital fund Village Capital has announced the full cohort of fintech startups from Africa that will take part in their venture development program, in collaboration with PayPal. The Village Capital Fintech Africa 2018 program will see the 12 early-stage African fintech startups, which are focused on improving financial health, work through a specific curriculum over a three-month period. The startups have been chosen from Kenya, Uganda, and Nigeria.
Peter Pedroncelli, 3:14 am AFKI Original
Africa is a continent that has embraced telecoms technology and mobile on a wide scale, with numerous telecommunications brands in Africa providing millions of African subscribers with a variety of mobile-based services. According to new research published in February from brand valuation and strategy consultancy Brand Finance, a number of African mobile operators and telecoms companies form part of the most valuable telecoms brands on the planet.
Peter Pedroncelli, 2:27 am
Google has launched a new job search tool for the African market, with the aim of helping employment seekers to find and access relevant job opportunities. The new functionality has been designed so that those using the popular search engine to look for work will see a streamlined experience letting them explore, research and find relevant, local job postings. This will be available to users in South Africa, Kenya and Nigeria at first.
Peter Pedroncelli, 5:04 am
Truecaller, a Swedish mobile spam-blocking app that is popular with users throughout Africa, has set up its sub Saharan African headquarters in Kenya. The app, which has over 250 million users worldwide, and a fifth of those in Africa, has selected Nairobi for its main base of operations in the region, hiring Zakaria Hersi as director of partnerships for Africa, and he will be tasked with leading the firm’s growth in Africa.
Peter Pedroncelli, 6:26 am
American financial services corporation Mastercard and Kenyan pay-as-you-go solar energy provider M-KOPA have partnered in an effort to expand solar opportunities for homes and businesses in Africa. The partnership will see M-KOPA piloting Mastercard’s quick response (QR code) payment technology in Uganda, with the aim of improving access to its pay-as-you-go solar service.