Ethiopia: Latest News
Ann Brown, 5:46 pm AFKI Original
At age 18, Knight Ganje knew he wanted to be a businessman. When a friend invited him to visit Botswana he persuaded his mother to let him go. Once there he started taking odd jobs such as painting to survive until a local entrepreneur decided to mentor him, and the rest is history. Fast-forward 11 years and high school dropout Ganje is at the head of H&G Advertising Group, Botswana’s biggest ad agency with a turnover of $38 million annually and clients that include Unilever, Emirates, Coca-Cola, and Samsung.
Peter Pedroncelli, 5:49 am
Global B2B cross-border mobile payments network, TransferTo, is working with African e-commerce platform, MallforAfrica, to offer digital payments that give online shoppers in Africa access to over 200 major e-retailers across Europe and the U.S. Founded in 2011, MallforAfrica enables Africans to purchase products from numerous international online retailers through their e-commerce platform. There are over 277 million registered mobile money accounts in Africa, far more than the number of open bank accounts, giving mobile money the potential to be a primary enabler of e-commerce payments in Africa
Peter Pedroncelli, 4:39 am AFKI Original
Africans ascribe value to various tech brands that they use and love, with international businesses working hard to earn the trust and loyalty of the average African consumer. A growing middle class on the African continent is savvy and aware of what brands can offer them in terms of improving their lifestyle. Many of these brands have earned the respect and loyalty of African consumers, with BrandAfrica ranking them in terms of the most valued brands from an African perspective. We take a look at 12 of the most valuable global tech brands according to Africans.
Peter Pedroncelli, 6:38 pm AFKI Original
Africa is a continent of great opportunity and potential, but as a whole, the continent needs to work to become more globally competitive for the benefit of industries such as tech to truly thrive. Africa competes for foreign direct investment with other emerging markets such as Asia, Latin America, and the Caribbean. Africa needs to address a number of key issues in order to rival their main competitors in the market and carve out a competitive landscape that will attract foreign direct investment. Africa’s average competitiveness ranking is 21 percent compared to Latin America and The Caribbean’s average ranking of 40 percent, and Asia’s average ranking of 57 percent.
Kurt Davis Jr., 1:32 pm AFKI Original
It is surprising how many business people assume Africa is behind the times in technology. Infrastructure may be a problem…but technology is a different story, and in fact, innovation and active appreciation for the wonders of technology are present throughout the continent. Sub-Saharan Africa, in many instances, can make a Western business person feel like they underuse their mobile phone…or simply feel behind the times when they do not know how to use M-Pesa.
Peter Pedroncelli, 3:00 am AFKI Original
African tech innovators create jobs while finding solutions to modern African problems, and they deserve to be celebrated for the important role they play in society. Twitter has become a popular short-message platform in which to connect with the masses, and African innovators, along with the wider audience on the continent, have adopted the social media platform via mobile and desktop. Here are 12 African tech innovators who are worth following on Twitter.
Kurt Davis Jr., 12:06 pm AFKI Original
The African continent will continue to experience major urban development in the coming decades. Such urban development requires improved mass transport and freight-moving systems to support the population growth. Some urban planners even argue that mass transport networks are central to cities’ ability to control the expansion and better manage property development, while reducing travel times and boosting land values.
Peter Pedroncelli, 8:47 am
The new dotAafrca top-level internet domain appears to be very popular among trademark owners, as it has attracted just short of a thousand registrations during the initial registrations period, known as the sunrise phase. The top-level domain has been through its sunrise phase, is now in its landrush phase, and will be available to the general public from July 4, but already dotAfrica is showing why it has been much-anticipated. The heavy initial interest in the dotAfrica domain places it in the top 10 worldwide for the number of domain name reservations during the sunrise phase of a launch process.
Staff, 9:01 am
One of the biggest current challenges for the impact investing community is the aggregation and deployment of growth capital equity in the world’s poorest countries. Few would argue with the proposition that for the world’s poorest countries to move out of poverty there must be a new investment model. In view of the absence of local private equity, growth capital and venture funds in those countries, as well as the small deal sizes, there is a challenge in which growth capital can be deployed.
DotAfrica Goes Public July 4: Will Africans Embrace It Or Continue To ‘Be Guests On Someone Else’s Web’?By Tom Jackson, 6:41 pm AFKI Original
After years of red tape, the much-hyped DotAfrica domain will soon be available to the public. The psychological impact cannot be underestimated, said Lucky Masilela, CEO of the ZA Central Registry — the company charged in 2012 with giving Africa its own first geographic TLD. DotAfrica is not just about African pride. It’s about business. “We believe that it will increasingly make an appearance in corporate marketing communication with all the associated benefits including feet in stores and clicks on sites,” Masilela said.
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