Uganda: Latest News

  • The 9 Biggest Moments For African Tech In 2017

    Africa accelerator - African tech By Tom Jackson, 2:10 am AFKI Original

    It was another landmark year in the development of the African tech sector, with major launches, big funding rounds and significant buyouts. From the increased interest in incubating African startups to massive investments in the likes of Andela, 2017 has been a positive year for African tech on many fronts, and 2018 will no doubt build on the momentum that is now present throughout the continent thanks to a successful year.

  • 12 Female-Founded Tech Startups From Africa

    !nnovate is one of the female-founded tech startups in Africa, courtesy of Evelyn Namara. Photo - Pinterest By Peter Pedroncelli, 7:32 am AFKI Original

    Women have always been important role-players within the tech scene in Africa, and there have been an increasing number of female-founded tech startups emerging from the continent in recent years. While gender diversity in the tech sector remains an ongoing challenge, women are making their mark on a male-dominated industry by launching their own startups and achieving success. These women show what a passion for tech and strong leadership qualities can produce.

  • Opinion: Time For Distressed Asset Investing And Restructuring In Africa

    Mining provides distressed asset investing opportunities in Africa. By Kurt Davis Jr., 3:43 am AFKI Original

    The talk of distressed asset investing in Africa is growing. A total of $6.5 billion has been raised for African private equity from 2011 to 2016, according to the African Private Equity and Venture Capital Association (AVCA), with a total reported deal value over the same period of $22.7 billion for 900+ deals. In 2016 alone, 145 deals were reported totalling $3.8 billion. We explore the sectors offering the best opportunities for distressed asset investors.

  • 10 Global Tech Companies That Are Investing In Africa

    Google is one of many tech companies investing in Africa By Peter Pedroncelli, 7:43 am AFKI Original

    For many global tech companies, investing in Africa is a strategy for growth that is allowing them to tap into a growing market that is full of great potential. Tech companies from across various sectors are looking to Africa for growth, with the likes of Facebook, Google and Microsoft all putting their money into the continent. Whether they are investing in infrastructure, skills or the startup ecosystem, these tech companies are boosting economies and creating jobs.

  • Seedstars Africa Summit Bringing Together The Continent’s Best Tech Startups In December

    Seedstars Africa Summit - The Seedstars World Summit. Photo - Seedstars By Peter Pedroncelli, 4:30 am

    The Seedstars Africa Summit will be bringing together the best tech startup talent from around the African continent in December. The third annual Seedstars Africa Summit will take place on Dec. 14 in Mozambique, with all of the winners of the various Seedstars World competitions throughout Africa attending the event. Seedstars World holds these events in around 70 countries before winners are selected to take part in a grand final.

  • Despite Online Media Growth, TV Still Contributes Significantly To African Consumer Spending

    ShowMax Growth By Staff, 6:16 am

    Although extensive research on media and consumer trends in Africa shows a growing transition of consumers and audiences away from traditional media towards online media, television remains a highly significant contributor to consumer spending. Geopoll have analyzed the top TV and Radio Stations in 6 African countries for Q3 2017, which runs from July through to September.

  • Startup Ecosystem Event Sparks Hope For Africa’s Tech Startup Future

    startup ecosystem - AfricaCom event in Cape Town. Photo - Knect365 By 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.

  • Why Pay-As-You-Go Solar Companies Are Raising Big Bucks In Africa

    pay-as-you-go By 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.

  • Roadshow Planned To Create Awareness Of New DotAfrica Internet Domain

    New DotAfrica Internet Domain Attracts Thousands Of Registrations - DotAfrica internet domain finally online in July. Photo - KMB By 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.

  • South African Fintech Company Receives $24M Investment Earmarked For Expansion

    South African fintech company - JUMO software developers in Kenya. Photo - iAfrikan By 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.

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