Date Archives for August 2017
Peter Pedroncelli, 3:17 am
Ahead of Africa Code Week 2017, which will take place throughout the continent in late October, hundreds of teachers in Zambia have learned basic coding skills. Thanks to a partnership between Africa Code Week and software development group SAP, over 350 teachers in Zambia now have a basic level understanding of how to code, and will be able to pass that knowledge on to students in October.
Peter Pedroncelli, 5:01 am
Safaricom, the world’s biggest mobile money operator, is set to launch an e-commerce platform in October that will be focused on supporting and enabling small businesses to sell their products online. The aim of Masoko, as the e-commerce platform will be called, will be to give small and micro businesses access to markets that they would otherwise be unable to reach with their products.
Kurt Davis Jr., 8:02 am AFKI Original
The economies of sub-Saharan Africa have felt the pain of 2015 and 2016, and African currencies have experienced volatility as a result. The year 2017 has been a partial year of recovery or adjustment, but there remain a selection of African economies that continue to experience issues with their currencies as a reflection of the problems that are affecting them at home. Here we take a look at four prime examples.
Peter Pedroncelli, 6:14 am AFKI Original
The bigger they are, the harder they fall. Ten tech stocks did poorly on the Johannesburg Stock Exchange over the course of the year which ended on June 30, and investors linked to those particular companies will be disappointed with the performances of their stocks during that period. While big names such as Vodacom and Naspers grew their valuations on the JSE, the likes of Telkom and Blue Label Telecoms lost value over the period.
Tom Jackson, 1:52 am AFKI Original
Finding skilled workers is a major barrier to the development of Africa’s fintech space, which is catering to a large unbanked African population through mobile and other avenues, but the market is slowly responding. The University of Cape Town recently became the first university in Africa to offer a specialized fintech degree, and other ed-tech and related startups have come to the party in an effort to fill the fintech skills gap.
Kurt Davis Jr., 1:20 am AFKI Original
The Starbucks model is interesting for investors and customers within the East African context. There are other local examples of similar concepts working, such as Sugerpie Cupcakes in Kenya. Premium product for premium price at low cost is a winner in the region, but making it work is not as simple as observers may imagine, and there are numerous reasons why a premium franchise such as Starbucks may struggle to work in East Africa.
Staff, 9:20 am
Two years after it was announced, the Senegal Internet Exchange Point (SENIX) is scheduled for official launch on 29 August, according to Cheikh Bakhoum, Chairman of the Board of Directors at SENIX and Director General of Senegal’s State Information Technology Agency (ADIE). Bakhoum said the exchange point would be launched in the country’s capital city of Dakar and would bring about a revolution in the country’s telecoms ecosystem. SENIX is the result of collaboration between 23 partners.
Staff, 9:09 am
The role of Tunisia’s Agricultural Investments Promotion Agency, to promote investment in Tunisian agriculture. Neighboring Libya’s descent into unruly chaos has resulted in a marked decline in overall exports from Tunisia. Exports fell by 25 per cent during the 2016/17 season compared with the year before. “We aim to drive foreign direct investment into the sector,” confirms Rachid Belanes of APIA, “as well as into technology and trade. In Tunisia, we produce a wide variety of produce.”
Nigeria Bans Foreign Professionals Without Nigeria Certification As Move To Boost Technological AcquisitionBy Staff, 8:30 am
The Federal Executive Council, FEC, approved a new policy that for any foreign professionals to practice in Nigeria, they have to be registered and certified. This is as the Federal Government has declared a state of emergency on science and technology to boost technological acquisition for the industrial growth of the country. To attract foreign industries, the Federal Executive Council has approved tax rebate which will serve as an incentive for pioneer industries operating in Nigeria.
Staff, 9:19 am
The Nigerian startup space is developing at speed, and stands a good chance of being the continent’s leader in the next few years when it comes to the amount of funding raised. According to the annual African Tech Startups Funding Report produced by Disrupt Africa, Nigerian startups are the second most backed on the continent, while a recent survey by VC4Africa placed the country first. It is certainly getting easier to raise funding as a Nigerian startup as opposed to, say, five years ago.
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