Nigeria: Latest News
Peter Pedroncelli, 9:14 am AFKI Original
Information and communication technology is crucial to the development of a country’s economy and business infrastructure, and African nations are well aware of this. Since 2009 the ICT Development Index (IDI) has been published on an annual basis by the International Telecommunications Union. This index combines 11 indicators into one benchmark measure, allowing for countries to be compared in terms of their developments in information and communication technology.
Peter Pedroncelli, 3:28 am
African e-commerce platform MallforAfrica has been awarded a fashion retailing accolade for their efforts in providing African consumers with access to international markets. The Nigerian-based platform won the Drapers Award for Innovation in Fashion at the recently concluded Drapers Award ceremony in London. MallforAfrica finds itself in good company as the recipient of the international award, with previous winners including the likes of H&M, Next and BooHoo.com.
Staff, 9:07 pm
Africa is not a monolith with one person in charge,Stephen Ozoigo, CEO of African Technology Foundation,likes to remind audiences. “It’s 55 countries with 55 policies, over 3,000 languages. There’s a case to be made for some investments to even happen at a city level and not even at a country level,” he said.His nonprofit has been working to connect African technologies with the expertise of Silicon Valley, and to show the world what the continent of young, technology-minded entrepreneurs can do.
Kurt Davis Jr., 12:44 pm AFKI Original
There are 54 countries in Africa, and each of these nations have specific advantages and challenges that are unique to them. They are in need of various blessings for 2018, which can serve to make sure the new year is an improvement on 2017. If this investment banker could be Santa and give gifts to each of his African friends, here’s what he would wish for each of the African economies in 2018.
Peter Pedroncelli, 4:30 am
Nigeria’s commercial hub is working hard to support tech startups in the city, with the launch of the Lagos Innovates initiative set to benefit the startup ecosystem in the country’s financial capital. The Lagos State Employment Trust Fund (LSETF) and the Lagos State government have worked together to launch Lagos Innovates, an initiative intended to support the growth and sustainability of tech startups in the city.
Peter Pedroncelli, 9:17 am
The Seedstars Africa Summit brought together the best tech startup talent from around the continent this month, providing these early-stage companies with invaluable global exposure. The third annual Seedstars Africa Summit took place on Dec. 14 in Mozambique, with all of the winners of the various Seedstars World competitions throughout Africa attending the event. Seedstars World is the world’s biggest startup competition in emerging markets.
Peter Pedroncelli, 4:10 am AFKI Original
The Seedstars World Competition in 2018 will bring together the best tech startup talent from around the world this coming April. Africa will be represented by a list of winners from the various Seedstars World competitions that took place during the last year throughout Africa. Seedstars World, which describes itself as the world’s biggest startup competition in emerging markets, holds these events in around 70 countries before winners are selected to take part in a grand final.
Kevin Mwanza, 10:43 am
East and West African regional blocks have looked for years to create common currencies that will improve trade among member states. In recent years there has been increased cross-border mobile money use and now cryptocurrency is coming into play. For now, crypto remains off the radar for regulators and businesses in these countries. But for how long?
Peter Pedroncelli, 4:50 am
African smartphone growth numbers are up in the third quarter of 2017, following on from two negative quarters at the start of the year. The continent’s smartphone market rebounded from two consecutive quarters of decline to post quarter-on-quarter growth of 4.4 percent between July and September. The growth is represented by shipments of around 21.7 million units in the quarter, with economic recovery credited with the improvements in Africa’s major markets.
Staff, 3:06 pm
By 2020, Africa is likely to be the fastest urbanizing continent in the world. It is currently the most rural — 40% of sub-Saharan Africa’s population live in cities. Even the sprawling heartlands of Lagos, Kinshasa and Cairo are in their relative infancy and destined for a growth spurt. One idea gaining traction is newly developed satellite “smart cities:” ambitious multi-billion dollar, hyper-livable tech cities populated with bustling, beautified boulevards, private condos and luxury cars.
- Real Estate