Nigeria: Latest News
Kurt Davis Jr., 5:18 pm AFKI Original
While some African supermarket chains are achieving success, Kenyan brands Nakumatt and Uchumi are struggling badly. Smaller countries, such as Mozambique and Namibia, provide bigger opportunities for expansion (and returns) compared to East African nations. One can better manage growth expectations and costs in neighboring southern African countries, including Zambia, than in the rising East African giants.
Peter Pedroncelli, 4:26 am
East African mobile giant Safaricom’s M-Pesa has been upgraded so that enhanced features can be added to the mobile money transfer platform. The popular Kenyan money transfer system was upgraded last week, with a service interruption of 13 hours explained as necessary to enable new features which will be added to M-Pesa in the coming months for the benefit of their 26 million customers.
Tom Jackson, 1:11 am AFKI Original
Technology has not pervaded the legal profession as it has other industries, especially in Africa, where issues with access and affordability remain. There are a small number of African legal-tech startups – backed by international organisations – that are looking to propel that change with the use of technology. From South Africa to Nigeria, the legal profession is in the process of getting a tech boost.
Staff, 7:16 am
Led by serial entrepreneur Jorn Lyseggen, Meltwater Entrepreneurial School of Technology (MEST), is a Pan-African entrepreneurial training program, seed fund, and incubator that was created for the purpose of realizing talent and merging it with opportunity. MEST has been the backbone of a number of world-class African tech and software companies. Leading the pack with inspiring examples of African startup exits such as medical claim handling company ClaimSync and mobile chat app Saya Mobile.
Peter Pedroncelli, 6:35 pm
Aaron Fu was recently appointed as the new managing director of Meltwater Entrepreneurial School of Technology, a training program, seed fund and Africa’s largest tech incubator based in Ghana. The incubator has links throughout Africa, and since launching in 2008 it has already invested over $20 million in African startups. Over 350 individual entrepreneurs have graduated from the training program and over 30 tech startups have been launched thanks to its support.
Peter Pedroncelli, 6:38 pm AFKI Original
The World Bank Group is committed to supporting the growth of Africa’s digital economy through XL Africa, a business acceleration initiative that is providing a raft of benefits for the 20 most promising startups in sub-Saharan Africa. These African digital entrepreneurs have an opportunity to be mentored by various global specialists, increase their visibility on the continent and receive access to corporate partners and investors.
Peter Pedroncelli, 4:45 am
The new dotAfrica internet domain continues to attract interest, with thousands registrations taking place for the top-level domain. The dotAfrica top-level internet domain attracted over 8,000 registrations since its launch in July this year, displaying a popularity for the domain among businesses, organisations and individuals, with brands such as banks and media companies ensuring that they captured a domain for themselves.
Peter Pedroncelli, 10:14 am AFKI Original
Africa is home to some of the strongest militaries in the world, with one North African country in particular featuring in the top 10 of the global list. Global Firepower produces an annual military ranking that takes into account 50 factors to determine a list of the most powerful armies in the world from a selection of 133 countries. Here are the 13 African countries with the strongest militaries.
Staff, 8:08 am
Social media giant, Facebook, announced on September 6, 2017, that the company has begun the roll-out of Developer Circles in South African cities; Durban, Cape Town, Johannesburg and Pretoria. The project, which was launched at Facebooks Developer Conference (F8) in April 2017, now comprises of over 70 initiatives around the world, the four South African circles join other African countries in Cairo, Casablanca, Dakar, Harare, Lagos, Nairobi and Tunis.
Staff, 9:26 am
As TedGlobal 2017 continues in Tanzania, neurotechnology pioneer Oshiorenoya Agabi of Nigeria has grabbed global headlines with his talk on how to fuse silicon chips and neurons to deliver a revolution in artificial intelligence and computational capacity. That’s the work he’s doing at Koniku in San Francisco, but Agabi was joined by other Africans whose cutting edge entrepreneurship brought them to Arusha. Among the participants was President Paul Kagame of Rwanda, the founder of #Adtags.
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