Business: Latest News
Peter Pedroncelli, 7:04 am AFKI Original
The Seedstars Douala Competition served as the Cameroonian leg of the global early-stage startups competition for emerging markets. The competition took place at the end of September, with 11 of the best startups vying to be the representative from Cameroon 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.
Peter Pedroncelli, 7:26 am
South Africans prefer to use their bank’s mobile application rather than other interactions with the institutions in question, including in-branch and contact via telephone. Respondents to a Avaya survey revealed that a digital-first approach to dealing with their basic banking needs is preferred over any direct contact with bank staff, choosing to talk to another individual only if absolutely necessary.
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
Kurt Davis Jr., 6:40 pm AFKI Original
Africa’s two biggest economies will have an election in 2019 with many observers and investors speculating on the side-effects of the political process on both economies, especially if fallout comes about before or after the process takes its due course. Perhaps Kenya’s current and past presidential election experiences can serve as a lesson for those two African powerhouse nations, in order for negative outcomes to be mitigated.
Peter Pedroncelli, 5:42 am
South Africa’s largest mobile carrier, Vodacom, is set to undergo a massive rebranding of the company in an effort to open up additional business opportunities with regards to an increasingly digital future. The update in branding is a global effort, with parent company Vodafone leading the change with a new logo (pictured below) and tag line which states: “The Future Is Exciting, Ready?”. The new logo enables 2D visualisation, with 34 countries set to experience the change.
Peter Pedroncelli, 3:57 am AFKI Original
South Africa is a country where smartphone usage is high, and downloaded android mobile apps form an important part of the experience for these users. The android market is the biggest among the smartphone competitors in the country, and as such this segment of the market is an indicator of the popularity of apps in general and the types of mobile applications that South Africans are using. Here are the 10 most downloaded android mobile apps in South Africa.
Peter Pedroncelli, 6:48 am
M-Pesa, Safaricom’s highly popular mobile money transfer service, has launched a new payment solution that uses near-field communication to make payments. The new system, which is called M-Pesa 1Tap, allows users to pay for goods from their mobile phones in a single step, rather than multiple steps that were previously required. M-Pesa customers will use a wristband, phone sticker or card to be able to make faster payments using this new technology.
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