To mark the recent international women’s day, Rwandan ride-hailing platform SafeMotos announced it had added the first female moto-drivers to its network, while it is working on a service that specifically matches female riders with female drivers. But will Uber or Taxify follow SafeMotos’ lead and develop a similar service? Not anytime soon, according to the companies, though both are dedicated to supporting female drivers within their networks and ensuring safety for passengers.
Features: Latest News
Kurt Davis Jr., 10:50 am AFKI Original
Regional East African banks are coming under pressure from multiple angles. Economic growth slowed across the region, excluding Ethiopia, with Kenya feeling the greatest weight. The current situation is ripe for restructuring in the region, with analysts suggesting that many banks should take a page from the Bear Stearns era of 10 years ago. Splitting good assets from bad assets to create surviving ‘good’ banks and disposable ‘bad’ asset pools could benefit the region.
Tom Jackson, 5:37 am AFKI Original
Back in January, South African mobile operator MTN and Ericsson announced Africa’s first 5G technology and applications trial, which is part of a 5G demonstration starting in the first quarter of 2018. The 5G trial achieved a throughput of more than 20Gbps with less than 5ms latency, which is the highest achieved on a mobile network in Africa. MTN said it has tested a range of 5G use cases, and expects to see commercial deployment in the near future.
Peter Pedroncelli, 7:28 am AFKI Original
U.S.-based venture capital fund Village Capital has announced the full cohort of fintech startups from Africa that will take part in the Village Capital Fintech Africa 2018 program. Their venture development program will see the 12 early-stage African fintech startups, which are focused on improving financial health, work through a specific curriculum over a three-month period, in collaboration with PayPal. The startups have been chosen from Kenya, Uganda, and Nigeria.
Tom Jackson, 4:07 am AFKI Original
Blockchain and cryptocurrencies have been controversial topics, linked to Silk Road and the Dark Web, but they could have huge potential in Africa. Many new developments provide the first, baby steps towards a new Africa, democratized and made more transparent by the blockchain. But as each new development proves its worth, and if regulators and governments awaken to the potential, they might in future be seen as the beginning of the blockchain revolution on the continent.
Kurt Davis Jr., 3:54 am AFKI Original
The news coming out of Zimbabwe is exciting, with a new president, an upcoming election, and hopefully an economic resurgence on the cards. On the streets, the Zimbabweans are talking about the potential for the government to re-engage an aggrieved population and bring money and energy back into the system. Yet the enthusiasm cannot overshadow the pressing economic questions that new president Emmerson Mnangagwa must answer.
Peter Pedroncelli, 3:14 am AFKI Original
Africa is a continent that has embraced telecoms technology and mobile on a wide scale, with numerous telecommunications brands in Africa providing millions of African subscribers with a variety of mobile-based services. According to new research published in February from brand valuation and strategy consultancy Brand Finance, a number of African mobile operators and telecoms companies form part of the most valuable telecoms brands on the planet.
Tom Jackson, 2:11 am AFKI Original
South African tech is an important space, but has been in the doldrums for too long. Cyril Ramaphosa, and new minister of science and technology Mmamoloko Kubayi-Ngubane, have a long list on their hands. In tech, as in every other space, President Ramaphosa has talked a good game. Now that he gets down to the nitty gritty of running the country, however, words need to be replaced by action if South Africa is to maintain its position as a continental tech leader.
Peter Pedroncelli, 3:56 am AFKI Original
Edutech startups provide a way in which education and technology can be combined to teach people through various digital means. In Africa, there are many impressive edutech firms that have provided mobile applications, digital platforms and other tech solutions to issues that were previously unsolved. These startups bring education to the people of Africa and allow for better access through m-learning and e-learning.
Kurt Davis Jr., 3:18 am AFKI Original
Political change in Africa is rapidly happening in unexpected pockets. Observers are actively monitoring situations in certain countries, in particular South Africa, Ethiopia, and Zimbabwe, with an excitement for future socio-political change that could follow these headwinds. Yet all consideration of the current political movements suggest that the imagined economic change is not necessarily an easy sequel to the political prologue.
Tom Jackson, 1:55 am AFKI Original
AFKInsider’s Tom Jackson attended the Africa Tech Summit in Kigali last week, and what he discovered was an understanding of the obstacles and a clear path to continuing tech growth on the continent. Concerns about connectivity, market sizes, talent, funding and scalability have not gone away, but Africa Tech Summit Kigali made its own small contribution to assembling the “taskforce” that will be needed to sustain the tech sector’s growth.
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