Business: Latest News
Ann Brown, 5:04 pm AFKI Original
Johannesburg-based entrepreneur Emmanuel Bonoko is not simply focused on building a successful business. He is also trying to improve and empower his community. The 26-year-old is the founder of EBonoko Holdings, a media consulting, public relations and events company, which employs five people. His company, established in 2014, counts Hewlett Packard and Intel among its clients. He also founded the EBonoko Foundation, a social enterprise that hosts empowerment events such as book drives and career expos.
Peter Pedroncelli, 9:52 am AFKI Original
The Seedstars Harare Competition served as the Zimbabwean leg of the global early-stage startups competition for emerging markets took place at the end of October, with 10 of the best startups vying to be the representative from Zimbabwe for the global final event next year. Seedstars World, which describes itself as the world’s biggest startup competition in emerging markets, holds these events in over 65 countries before winners are selected to take part in a grand final.
Peter Pedroncelli, 4:58 am
A new high speed submarine cable will reach South African shores in 2019, with the country at the southern tip of Africa set to be connected to India via islands in the Indian Ocean. The telecommunications system will be built by Alcatel Submarine Networks and Indian Ocean Exchange Cable, with a contract signed and work beginning immediately to connect Mauritius, Rodrigues, Reunion, India and South Africa via high speed cable.
Staff, 4:45 pm
The cars of the future will depend upon supplies of an obscure metal from a country in the African tropics where there has never been a peaceful transition of power and child labor is still used in parts of the mining industry. Most major automakers are pledging to build millions of electric vehicles as the world’s governments crack down on climate-damaging emissions from traditional-fuel engines.Demand is surging for lithium-ion batteries and the materials needed to make them–including cobalt.
Staff, 4:26 pm
Brian Dinga, his sister-in-law and her six children fled their South Sudanese home in 2016 after his brother was shot dead.They trekked across the border into Uganda and were accommodated in the world’s largest refugee settlement, Bidibidi, where they struggled to make ends meet. Brian, 62, had no job and no money, and prospects for the family were not good. A donated mobile phone has given them a lifeline. Brian now receives an electronic cash transfer via the phone to buy food for his family.
Staff, 1:57 pm
With many insurers looking at business expansion into Africa, the opportunity exists to e mbrace cloud-based solutions more fully to deliver solutions for these new markets. Patrick Ashton, managing executive of Cirrus examines if this must be an all or nothing approach. Add to this the increased consumer expectation for personalized, immediately available digital solutions. People want an insurance product that speaks to their specific requirements and not simply an off-the-shelf offering.
Peter Pedroncelli, 6:15 am
Facebook has selected Nigeria as the location of its first small business council on the African continent, launching the support structure for businesses in the West African country. The council is aimed at supporting small and medium-sized businesses throughout Africa, with Facebook Africa’s small business council and Nigerian business owners from a range of industries brought together for the benefit of the small business economy in the country.
Tom Jackson, 10:08 am AFKI Original
It was not so long ago that Uber was riding the crest of a wave in Africa, seeing off initial competition from the likes of Snappcab and Zapacab in South Africa, as well as well-funded pan-African competitor Easy Taxi. Yet Uber can now see that the playing field is getting more congested, and its new rivals have more backing than the local clones it had to deal with when it first arrived on African shores.
Peter Pedroncelli, 8:31 am AFKI Original
Banks in Africa are beginning to understand that partnering with tech startups is a smart way to innovate and stay relevant for their customers. Examples of this are present throughout the continent, with traditional banking institutions working together with fintech firms for mutual benefit. Sectors such as mobile payments, remittance and alternative finance have been significant growth areas for African fintech startups.
Peter Pedroncelli, 8:30 am
Applications have officially opened for tech startups in Botswana with ambitions of pitching at a local Seedstars World event in the country’s capital. The winner of the early-stage startup contest in Gaborone on Nov. 3 will earn the right to pitch to investors at a final in Switzerland next year. The selected startups will pitch to a panel of judges for a chance to earn investment and prizes.
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