Recent advances in technology are creating scalability for sub-Saharan African investments, with technology-enabled businesses well-positioned for growth. Financial services provides one such example. As many Westerners complain about the lack of technological advancement with banks on managing their money (i.e., poor identity checks, lack of speed in service, etc.), many sub-Saharan Africans are celebrating some great advancements in their financial services.
Education: Latest News
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.
Peter Pedroncelli, 6:55 am
Google has selected a trio of African tech startups to take part in the upcoming fifth class of the Google launchpad accelerator program. A South African and two Nigerian tech startups were chosen to take part in the six-month, equity-free mentorship program. Google’s Launchpad Accelerator aims to help startups by leveraging the company’s latest technologies in an effort to scale their businesses through mentoring.
Peter Pedroncelli, 4:57 am AFKI Original
The story of Airbnb in Africa is one of positive growth. The mobile app-based hospitality booking site allows people to make their homes or spare rooms available to visiting guests for a fee, and it continues to thrive and grow in Africa. Established in 2008, Airbnb hosts have welcomed over 200 million guests in 191 countries since the early days of the company, with Cape Town in South Africa proving to be the most popular African destination for the Airbnb hosts and users.
Peter Pedroncelli, 3:35 am
The Meltwater Entrepreneurial School of Technology (MEST), a training program, seed fund and Africa’s largest tech incubator based in Ghana, has launched two new incubator spaces in Nigeria and South Africa. In addition to the flagship incubator in Accra, MEST has launched two new spaces in Lagos, Nigeria and Cape Town, South Africa, expanding its reach and presence in Africa. Since launching in 2008 it has already invested over $20 million in African startups.
Mongabay, 8:28 am
Camera traps have proven to be a powerful tool in conservationists’ arsenal for monitoring forests and wildlife. But the mountains of data they capture need to be sifted through in order to be useful, which often presents a significant challenge for cash-strapped conservationists and researchers. To meet this challenge, a team led by Anabelle Cardoso, a PhD candidate at Oxford University in the UK, has turned to citizen science.
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.
Peter Pedroncelli, 6:55 am
Google has launched a mentorship program that is specifically focused on supporting African tech entrepreneurs, with a new Google Launchpad space now available in Nigeria. Google Developers Launchpad Africa, which will operate from a new Google Launchpad Space in Lagos, is a mentorship program that aims to provide tech startups based in Africa with the tools to build sustainable businesses.
Kurt Davis Jr., 3:07 am AFKI Original
Sub-Saharan Africa is home to the youngest population in the world, and educating these young people is a priority across the continent. By 2022, approximately one in four children may be enrolled in private schooling, suggesting that the time for investing in the sector is today. All that said, private investment in schools is still limited by capital and operational engagement from investors, but this is set to change.
Staff, 6:06 pm
African countries have worked hard to improve children’s access to basic education, but there’s still significant work to be done. Today, 32.6 million children of primary-school age and 25.7 million adolescents are not going to school in sub-Saharan Africa. The quality of education also remains a significant issue, but there’s a possibility the technology could be part of the solution. The digital revolution currently under way in the region has led to a boom in trials using ICT in education.
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.
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