South Africa: Latest News

  • The Rise Of Digital Advertisement Consumption Among Youth In Sub-Saharan Africa

    youth in sub-saharan africa By 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.

  • Village Capital And PayPal Launch 2018 Investment-Readiness Program For African Fintech Startups

    African fintech startups - Peer selected startups in the 2017 Village Capital Fintech Africa program, PiggybankNG and Olivine Technologies. Photo - Village Capital By Peter Pedroncelli, 6:37 am AFKI Original

    African fintech startups have yet another opportunity to strive towards sustainability with the launch of the Village Capital Fintech Africa 2018 program, in collaboration with PayPal. The U.S.-based venture capital fund’s annual investment-readiness program, which is geared towards supporting African startups focused on financial health, is looking to fill a cohort of 10-12 companies from Ghana, Kenya, Nigeria, Rwanda, South Africa, Tanzania, and Uganda.

  • How A South African Entrepreneur Uses Business To Positively Impact Communities

    South African entrepreneur Emmanuel Bonoko is passionate about people. Photo - YourBusinessMagazine By Ann Brown, 5:04 pm AFKI Original

    Johannesburg-based entrepreneur Emmanuel Bonoko is not simply focused on building a successful business. He is also trying to improve and empower his community. The 26-year-old is the founder of EBonoko Holdings, a media consulting, public relations and events company, which employs five people. His company, established in 2014, counts Hewlett Packard and Intel among its clients. He also founded the EBonoko Foundation, a social enterprise that hosts empowerment events such as book drives and career expos.

  • Insurance Companies Are Using Cloud For African Expansion

    insurance By Staff, 1:57 pm

    With many insurers looking at business expansion into Africa, the opportunity exists to e mbrace cloud-based solutions more fully to deliver solutions for these new markets. Patrick Ashton, managing executive of Cirrus examines if this must be an all or nothing approach. Add to this the increased consumer expectation for personalized, immediately available digital solutions. People want an insurance product that speaks to their specific requirements and not simply an off-the-shelf offering.

  • Facebook Launches Its First African Small Business Council In Nigeria

    Active facebook users - small business council By Peter Pedroncelli, 6:15 am

    Facebook has selected Nigeria as the location of its first small business council on the African continent, launching the support structure for businesses in the West African country. The council is aimed at supporting small and medium-sized businesses throughout Africa, with Facebook Africa’s small business council and Nigerian business owners from a range of industries brought together for the benefit of the small business economy in the country.

  • Uber Faces Numerous Challenges To Its African Domination

    Uber To Invest $20M In Egypt Support Center Over The Next Five Years By Tom Jackson, 10:08 am AFKI Original

    It was not so long ago that Uber was riding the crest of a wave in Africa, seeing off initial competition from the likes of Snappcab and Zapacab in South Africa, as well as well-funded pan-African competitor Easy Taxi. Yet Uber can now see that the playing field is getting more congested, and its new rivals have more backing than the local clones it had to deal with when it first arrived on African shores.

  • 10 Ways African Banks Are Partnering With Tech Startups To Innovate

    partnering with tech startups By Peter Pedroncelli, 8:31 am AFKI Original

    Banks in Africa are beginning to understand that partnering with tech startups is a smart way to innovate and stay relevant for their customers. Examples of this are present throughout the continent, with traditional banking institutions working together with fintech firms for mutual benefit. Sectors such as mobile payments, remittance and alternative finance have been significant growth areas for African fintech startups.

  • 11 Winners From The MTN Business App Of The Year Awards

    MTN Business App - The Awethu Project in action. Photo - Awethuproject By Peter Pedroncelli, 10:46 am

    The sixth edition of the MTN Business App of the Year Awards took place recently in Johannesburg, with mobile applications across various categories recognized for their positive impact on business. Mobile app solutions developed and presented by people from a diverse range of socio-economic backgrounds ensures that these solutions are designed with real-life challenges in mind.

  • African E-Health Startups Have Attracted Over $19M In Investments

    E-health startups - Discovery Health's DrConnect is a new telemedicine products available in South Africa. Photo - YouTube By Peter Pedroncelli, 6:01 am

    E-health startups across the African continent have shown impressive growth in recent years, allowing them to raise over $19 million in investments. While the e-health startups present on the continent continue to gain traction, the industry as a whole is experiencing strong growth, and between the 115 medical-related startups operating in 20 countries, over $19 million worth of investment has been attracted.

  • How Artificial Intelligence Is Transforming The Future Of Investing In Africa

    Artificial Intelligence Is Transforming The Future Of Investing In Africa. Photo - CNBC By Tom Jackson, 1:13 pm AFKI Original

    Investing in Africa is about to change, with artificial intelligence set to play a crucial role in evolving the sector once and for all. A South African startup plans to invest in a diversified portfolio of domestic and international assets, using machine-learning algorithms to make investment decisions. The process allows the company to discover hidden patterns in big data, which can then be exploited to forecast returns.

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