Business: Latest News
Staff, 8:32 am
Cape Verde, the small island archipelago nation off Africa’s northwest coast, has set itself a very renewable energy target. As part of ‘sustainable energy for all’ agenda, it has pledged to obtain 100 percent of its electricity from renewable resources by 2025. Cape Verde is made up of 10 islands, nine of which are inhabited, that lie about 600km west of Senegal. Of the islands’ 550,000 residents have access to electricity, but about one-third still rely on firewood and charcoal for cooking.
Peter Pedroncelli, 3:38 am AFKI Original
Uber recently celebrated four years spent serving customers in Africa, and the question of how Africans use Uber come into focus, with people across the continent making use of the ride-hailing company. From a handful of cities in Africa, the on-demand taxi-hailing company has expanded to numerous African countries, launching a rewards program for driver-partners and even offering a food delivery service in one of its main markets.
Peter Pedroncelli, 9:16 am
South African telecommunications giant MTN has launched a new incubator program for tech startups in Ivory Coast. The incubator, which is called Ye’llo Startup, is aimed at helping young entrepreneurs to design and deploy digital solutions through their startups. A selection of 10 startups will be given the chance to feature in the first incubation cycle, which will run over a one-month period from Nov. 30 to Dec. 31, 2017.
Staff, 10:15 am
The youth in sub-Saharan Africa encounter more digital advertisements on a daily basis than any other form of advertisement. The number of Internet users and their daily usage continues to surge as audiences shift away from TV, radio and print media, a recent GeoPoll Straw Poll found.
Peter Pedroncelli, 6:37 am AFKI Original
African fintech startups have yet another opportunity to strive towards sustainability with the launch of the Village Capital Fintech Africa 2018 program, in collaboration with PayPal. The U.S.-based venture capital fund’s annual investment-readiness program, which is geared towards supporting African startups focused on financial health, is looking to fill a cohort of 10-12 companies from Ghana, Kenya, Nigeria, Rwanda, South Africa, Tanzania, and Uganda.
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.
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.
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