Business: Latest News
Peter Pedroncelli, 1:15 am AFKI Original
The shortlist of finalists for the Appsafrica.com Innovation Awards 2017 was recently announced, with a number of apps considered in the fintech and m-commerce categories. The awards celebrate the best in mobile and tech ventures from across Africa, with various categories included to recognize mobile apps that impact numerous industries and sectors. The annual awards attracted over 300 submissions from across 31 countries, with the winners announced at the awards party in Cape Town on Nov. 6.
Peter Pedroncelli, 5:51 am
Andela, a startup that trains and outsources African coders to work for global firms, has secured a Series C round of funding to continue the company’s expansion. The Lagos and Nairobi-based startup that recruits Africa’s best software developers has successfully raised $40 million in the most recent round of funding. The substantial investment was led by Pan-African venture firm CRE Venture Capital, while other investors include DBL Partners, Amplo, Salesforce Ventures, and Africa-focused TLcom Capital.
Peter Pedroncelli, 5:24 am
Somalia’s first innovation tech hub has officially opened in Mogadishu, supporting the growth of tech startups in the African country. The tech hub in the Somali capital is called iRise Hub, and it provides a co-working space, as well as research, incubation, and acceleration services for new startups. This is a first for Somalia, but Tech hubs continue to drive innovation across Africa, with 314 hubs currently operational in 93 cities across 42 countries.
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.
- Real Estate