Ghana: Latest News
Staff, 7:45 am
African space programs are nothing new. In 1964 Edward Mukuka Nkoloso, self-appointed director of Zambia’s national space program, wanted to beat the USA and the Soviet Union in the space race, and landing a Zambian on the Moon. Using unconventional techniques, such as spinning students around a tree in an oil drum, Nkoloso trained 12 astronauts. He was unsuccessful. Fortunately Africa’s space programs now look much more promising. In the last decade the continent has entered a space race.
Peter Pedroncelli, 6:37 pm AFKI Original
History was made in 2016 when Africa could finally celebrate its first startup unicorn, with the Africa Internet Group, now known as Jumia Group, being valued at over $1 billion in February last year. In doing so, it became the first privately owned startup to gain unicorn status, joining an elite group of 150 or so companies around the globe. The company is based in Lagos, Nigeria, and operates as a subsidiary of Millicom International Cellular S.A, using a sales approach similar to Amazon.
Kurt Davis Jr., 7:13 am AFKI Original
The re-election of Paul Kagame to a third term as president of Rwanda on August 4 sparked excitement in some corners of the world and raised concerns in others. While some celebrate Kagame’s amazing success in transforming the small East African nation, others argue that he has already ruled for 17 years, and his continued stay as the country’s first citizen undermines democracy. Both sides have legitimate points.
Tom Jackson, 6:13 am AFKI Original
While fintech solutions in other parts of the world have not produced consistent success, Africa’s lack of banking penetration has opened up possibilities for fintech startups to serve a mobile-first population. This track record of innovation is resulting in increased funding for African fintech startups, while of all the sub-sectors within Africa’s tech space it has also proven the most likely in terms of exits.
Staff, 9:18 am
Management of the Ghana Technology University College has denied claims by some lecturers that the college has been plunged into financial crisis. They said the management of the college is proceeding as expected and urged the public to disregard comments by its Lecturers Association saying “the University is not in any sort of financial crisis.”Julian Owusu Ansah, Registrar of GTUC, told the Ghana News Agency that management of the university has been managing its finances well over the years.
Peter Pedroncelli, 5:26 am AFKI Original
As with many sectors in modern business, the agricultural industry in Africa is embracing technology to enhance production and ensure a more profitable future. Tech is able to reduce costs, upskill farm workers and save effort and time in Africa’s largest economic sector. From drone tech to mobile apps that assist farmers, Africa is a pioneer on the agritech front, and the technologies that are being incorporated into agriculture are helping to put food on the tables of people all over the world.
Peter Pedroncelli, 3:49 am
Malaysian bitcoin technology provider Belfrics Global is launching a bitcoin exchange in Kenya, allowing users and traders of the cryptocurrency to transact through additional services. The Kenyan arm of Belfrics will offer a number of digital services revolving around the Blockchain, as well as a payment gateway for merchants to accept bitcoin as payment for products and services. They will then expand to Nigeria, Ghana and Botswana.
Kurt Davis Jr., 5:25 am AFKI Original
There are currently 300 tech hubs in 93 cities across 42 countries on the African continent. The growing number of tech hubs and developers is drawing significant investment, with more than $366 million invested in startups across Africa in 2016. Despite these positive numbers, a few tweaks could help in boosting the African tech scene and increasing the likelihood of success for African startups.
Staff, 9:45 am
Since repatriating to Ghana, Silicon Valley tech entrepreneur, Paul Owusu partnered with tech entrepreneur Kojo Sarpong to form LOGIQUE, tech accelerator and parent company to tech products Stack, SmartLobby and Coast. The products provide a wide array of services ranging from loyalty and payments to SaaS (Software as a service) for data collection. The company will function as a tech accelerator and consultancy. Services will target start-ups and modernize technology systems for institutions.
Peter Pedroncelli, 12:40 pm AFKI Original
Online shopping is a growing trend on the continent, with numerous African e-commerce companies providing local and international buyers with a way to give gifts to friends, family and loved ones. Whether purchasing gifts for birthdays or other special occasions such as Christmas or to celebrate a personal milestone, online shopping sites are making the most of growing internet penetration in Africa. Here’s a list of e-commerce companies that enable gift-giving across the continent.
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