Tanzania: Latest News
Peter Pedroncelli, 2:56 am
The World Bank and venture capital firm Nest have announced a call for applications for the Agritech Challenge 2017 in Kenya. The initiative is the first open innovation program of its kind in Kenya, and it is aimed at connecting promising startups and innovators with one of the region’s leading agribusiness corporates. The AgriTech Challenge, which is sponsored by the World Bank, aims to spur collaborative innovation within the agricultural sector in Kenya.
Tom Jackson, 3:38 pm AFKI Original
Informal markets represent an incredible opportunity in Africa. In Zambia, for example, the informal sector accounts for 90 percent of employment, and represents well over one million informal businesses. Key areas that need exploring are agribusiness, textiles, timber and forestry, as there are huge opportunities to disrupt smallholder enterprise systems and introduce innovative concepts that can be sustainable and profitable.
Peter Pedroncelli, 10:40 am
South African fintech startup JUMO has announced the appointment of Amazon EC2 founder Chris Pinkham as an active independent director of the company. Cape Town University-educated Pinkham begins work for the South African company with immediate effect, having left his role as vice president of Engineering at Twitter in February this year, and will be working with JUMO’s leadership team on technical and product strategy.
Peter Pedroncelli, 9:58 am AFKI Original
YouTube is a popular video site in Africa, and as a result, African YouTube personalities have emerged with many viewers subscribing to their channels. As internet speeds on the continent have continued to improve, YouTube has become increasingly popular and more accessible, giving rise to numerous YouTube personalities from Africa through their interesting, funny or unique video content. Here are 12 African YouTube personalities that have many subscribers.
Ann Brown, 5:46 pm AFKI Original
At age 18, Knight Ganje knew he wanted to be a businessman. When a friend invited him to visit Botswana he persuaded his mother to let him go. Once there he started taking odd jobs such as painting to survive until a local entrepreneur decided to mentor him, and the rest is history. Fast-forward 11 years and high school dropout Ganje is at the head of H&G Advertising Group, Botswana’s biggest ad agency with a turnover of $38 million annually and clients that include Unilever, Emirates, Coca-Cola, and Samsung.
Peter Pedroncelli, 5:49 am
Global B2B cross-border mobile payments network, TransferTo, is working with African e-commerce platform, MallforAfrica, to offer digital payments that give online shoppers in Africa access to over 200 major e-retailers across Europe and the U.S. Founded in 2011, MallforAfrica enables Africans to purchase products from numerous international online retailers through their e-commerce platform. There are over 277 million registered mobile money accounts in Africa, far more than the number of open bank accounts, giving mobile money the potential to be a primary enabler of e-commerce payments in Africa
Peter Pedroncelli, 4:39 am AFKI Original
Africans ascribe value to various tech brands that they use and love, with international businesses working hard to earn the trust and loyalty of the average African consumer. A growing middle class on the African continent is savvy and aware of what brands can offer them in terms of improving their lifestyle. Many of these brands have earned the respect and loyalty of African consumers, with BrandAfrica ranking them in terms of the most valued brands from an African perspective. We take a look at 12 of the most valuable global tech brands according to Africans.
Ann Brown, 3:07 am AFKI Original
Tanzanian coder Godfrey Magila has always loved technology. So much so, the 25-year-old actually taught himself to code. His tech innovations earned him a $200 prize at a countrywide hackathon, but the money was not the most valuable part of the prize, as the recognition included a tech mentoring program, which inspired him to become the tech mogul he is today. “I get to solve a lot of problems around my society and make a difference, and it requires a new version of myself every morning I wake up, as it’s an industry that is very time sensitive,” Magila told AFKInsider, revealing the driving force behind his career.
Peter Pedroncelli, 6:38 pm AFKI Original
Africa is a continent of great opportunity and potential, but as a whole, the continent needs to work to become more globally competitive for the benefit of industries such as tech to truly thrive. Africa competes for foreign direct investment with other emerging markets such as Asia, Latin America, and the Caribbean. Africa needs to address a number of key issues in order to rival their main competitors in the market and carve out a competitive landscape that will attract foreign direct investment. Africa’s average competitiveness ranking is 21 percent compared to Latin America and The Caribbean’s average ranking of 40 percent, and Asia’s average ranking of 57 percent.
Kurt Davis Jr., 1:32 pm AFKI Original
It is surprising how many business people assume Africa is behind the times in technology. Infrastructure may be a problem…but technology is a different story, and in fact, innovation and active appreciation for the wonders of technology are present throughout the continent. Sub-Saharan Africa, in many instances, can make a Western business person feel like they underuse their mobile phone…or simply feel behind the times when they do not know how to use M-Pesa.
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