Kenya: Latest News
Peter Pedroncelli, 6:55 am
Google has launched a mentorship program that is specifically focused on supporting African tech entrepreneurs, with a new Google Launchpad space now available in Nigeria. Google Developers Launchpad Africa, which will operate from a new Google Launchpad Space in Lagos, is a mentorship program that aims to provide tech startups based in Africa with the tools to build sustainable businesses.
Kurt Davis Jr., 3:07 am AFKI Original
Sub-Saharan Africa is home to the youngest population in the world, and educating these young people is a priority across the continent. By 2022, approximately one in four children may be enrolled in private schooling, suggesting that the time for investing in the sector is today. All that said, private investment in schools is still limited by capital and operational engagement from investors, but this is set to change.
Staff, 8:16 pm
The 15-member group named ‘Esteem Eagles Welfare Youth Group’ started farming together. Initially it was a merry-go round, before they decided to pool resources and venture into greenhouse farming. Hydroponics is a modern system of farming where plants are grown in liquid, sand, gravel with added nutrients but without use of soil. After deliberations the group approached the National Government’s Youth Fund for help. The members resorted to fetching soils from Kiraro, part of Mount Kenya forest.
Tom Jackson, 12:16 pm AFKI Original
Every year, the great and the good of African tech converge on Cape Town to network and discuss the key trends within the sector. Until 2014, startups were barely featured at AfricaCom, but that all changed with the launch of the AHUB that year. This year’s event saw pitches from the 20 startups taking part in the World Bank’s XL Africa accelerator programme, and the chance to experience companies of such quality was refreshing.
Tom Jackson, 5:02 am AFKI Original
A number of African pay-as-you-go solar companies have attracted investment in recent times, and continue to grow at a fast pace. East African company M-KOPA Solar is amongst the best funded, and recently raised another $80 million to be used over the next three years to finance installations in one million homes, on top of the 500,000 already connected. But what makes solar companies in Africa so attractive to large-scale investors.
Peter Pedroncelli, 3:06 am
A continental roadshow has been planned in order to create awareness of the new DotAfrica top-level internet domain, which was officially launched in July this year with the backing of the African Union and member states. The roadshow, which will begin early in the new year, will start off in Botwana and pass through numerous African countries in order to spread the word about DotAfrica, ending at the top of Mount Kilimanjaro.
Peter Pedroncelli, 5:43 am
South African fintech company JUMO has secured a $24 million loan facility which will be dedicated to the firm’s expansion into Africa and Asia. The substantial investment was provided by London-based Gemcorp Capital along with Finnish development finance company Finnfund, which contributed $6 million of the $24 million. The financial services platform for emerging markets, analyzes user data collected from mobile phones and offers tailored financial products based on that analysis.
Kurt Davis Jr., 4:55 am AFKI Original
The healthcare investment space is starting to hit its stride in Africa, with the sector finding significant partnership in private investors. The opportunity is vast, with many estimates placing the capital need for the sector beyond $25 billion. The healthcare space requires holistic approaches across multiple verticals, including insurance, primary care, and medicine/foods. with those able to bring quality products and services to those verticals able to benefit in terms of investment.
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.
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.
- Real Estate