Tag Archives: Africa
Africa: Latest News
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.
Staff, 4:10 pm
The youth demographic in sub-Saharan Africa encounter digital advertisements more frequently on a daily basis than any other form of advertisement; Coca – Cola advertisements are the most memorable due to their creativity, this is according to a recent GeoPoll Straw Poll. In June 2017, GeoPoll engaged 3,710 youth respondents aged between 15-35 years old in Kenya, Uganda, Tanzania, Ghana, Nigeria and South Africa.
Kurt Davis Jr., 2:04 am AFKI Original
Last year’s election predictions for 2017 were pretty accurate (if a little self-indulgence can be allowed). So this year will be interesting to watch again, with countries like Egypt, DRC (hopefully), and Zimbabwe on the calendar. The elections are sure to be very exciting for the countries going to the polls and those investors and other interested parties gauging how to engage such countries. Here are the top elections to watch in Africa and predictions for 2018.
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.
Kurt Davis Jr., 5:19 am AFKI Original
The news last month from the International Monetary Fund (IMF) regarding sub-Saharan African growth has investors breathing a sigh of relief. The IMF expects sub-Saharan Africa to grow by 3.4 percent in 2018, up from the 2.6 percent in 2017. Some countries in particular are forecast to enjoy incredible growth in the region of 8 percent, with West and East Africa in particular looking attractive for investors.
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.
Peter Pedroncelli, 4:50 am
Airbnb has made a commitment to invest $1 million in community-led tourism projects across the African continent over the course of the next few years. Airbnb, the mobile app-based hospitality booking site which allows people to make their homes or spare rooms available to visiting guests for a fee, will invest $1 million in community-based African tourism projects between 2018 and 2020.
Peter Pedroncelli, 4:45 am
The new dotAfrica internet domain continues to attract interest, with thousands registrations taking place for the top-level domain. The dotAfrica top-level internet domain attracted over 8,000 registrations since its launch in July this year, displaying a popularity for the domain among businesses, organisations and individuals, with brands such as banks and media companies ensuring that they captured a domain for themselves.
Peter Pedroncelli, 8:25 am AFKI Original
There are a number of ways in which drone technology is positively impacting industries in Africa, with numerous sectors benefiting from the advantages that drone tech provides. Previously associated with warfare and destruction, drones of all shapes and sizes are now being developed to tackle everyday issues and empower communities across the continent. From agriculture to safety in shark-infested waters, drones have found their place in a modern African context.
Peter Pedroncelli, 1:03 pm AFKI Original
Mobile operators in sub-Saharan Africa have a unique set of challenges that they face in the region, but if they manage to overcome these obstacles, success awaits. Sub-Saharan Africa is home to many mobile operators who have dominated their markets, from Vodacom in South Africa to Safaricom in Kenya, but that dominance has not come easy. Now a fresh set of issues stand in the way of further success on the continent.
- Real Estate