Tag Archives: innovation

innovation: Latest News

  • South African Bank FNB Recognized As Africa’s Most Innovative Bank

    Dot FNB branches - First National Bank By Peter Pedroncelli, 6:17 am

    Major South African banking institution, First National Bank (FNB), has been named as Africa’s most innovative bank at the 2017 African FinTech Awards for the second consecutive year. The bank was awarded the The Most Innovative African Bank accolade at this year’s African FinTech Awards in Johannesburg, recognizing FNB as a bank that is at the forefront of innovation.

  • Somalia Opens First Innovation Tech Hub To Support Local Startups

    Somalia's first ever innovation tech hub, iRise, has launched in Mogadishu. Photo - Techcabal By Peter Pedroncelli, 5:24 am

    Somalia’s first innovation tech hub has officially opened in Mogadishu, supporting the growth of tech startups in the African country. The tech hub in the Somali capital is called iRise Hub, and it provides a co-working space, as well as research, incubation, and acceleration services for new startups. This is a first for Somalia, but Tech hubs continue to drive innovation across Africa, with 314 hubs currently operational in 93 cities across 42 countries.

  • Rwandan Startup Wins International Sustainability Innovation Competition

    Rwandan startup EarthEnable wins sustainability innovation competition. Photo - Rwandaeye By Peter Pedroncelli, 5:15 am

    A Rwandan startup called EarthEnable has been crowned as the winner of an international sustainability innovation competition for an ingenious idea that is focused on helping poorer communities. EarthEnable won the annual Postcode Lottery Green Challenge thanks to their sustainable alternative for cement as a replacement for dirt floors, winning the Rwandan startup $600,000 in prize money.

  • African Startups Modernizing The Legal Profession Through Tech

    The legal profession is beginning to get a tech makeover in Africa. Photo - National Society for Legal Tech By Tom Jackson, 1:11 am AFKI Original

    Technology has not pervaded the legal profession as it has other industries, especially in Africa, where issues with access and affordability remain. There are a small number of African legal-tech startups – backed by international organisations – that are looking to propel that change with the use of technology. From South Africa to Nigeria, the legal profession is in the process of getting a tech boost.

  • Somalia Launching Its First Innovation Tech Hub In Mogadishu

    Somalia's first ever innovation tech hub, iRise, has launched in Mogadishu. Photo - Techcabal By Peter Pedroncelli, 7:37 am

    Somalia’s first innovation tech hub is set to open in Mogadishu this September, supporting the growth of tech startups in the country. The tech hub based in the country’s capital will be called iRise Hub, and will provide a co-working space, as well as research, incubation, and acceleration services for new startups. While connecting, collaborating and sharing ideas, Somali entrepreneurs at iRise Hub will aim to further develop the tech sector in the country.

  • Venture Capital Firms Are Flooding Back To North Africa

    North Africa - Instabug raises $1.7M in investment to continue growth. Photo - TechCrunch By Tom Jackson, 3:00 am AFKI Original

    The tech scene in North Africa is booming once again, with investors interested in backing startups across Egypt, Morocco and Tunisia. Venture capital firms are flooding back into Egypt, from 500 Startups to the IFC to Algebra Ventures, and after years of being denied access to funds, Egyptian tech startups are now swimming in them again. The story is equally positive for Morocco and Tunisia, and the region’s tech future looks bright once again.

  • New York Stock Exchange-Listed Consultancy Firm Launches Innovation Studio In Johannesburg

    Accenture launches Innovation Studio in Johannesburg. Photo - BusinessWire By Peter Pedroncelli, 3:22 am

    Global management consulting and professional services firm Accenture has opened a new innovation studio in South Africa, selecting Johannesburg as the venue that will see disruptive technologies used for the benefit of businesses. The studio will make disruptive technologies, such as mixed reality, artificial intelligence, blockchain and cloud architectures, available for clients to experiment with, while it will also work with Accenture Labs.

  • 10 Final Nominees For The 2017 Innovation Prize For Africa

    Transforming healthcare - Innovation Prize For Africa - Dougbeh-Chris Nyan's rapid diagnostic test is one of the innovations that are being recognized. Photo - VenturesAfrica By Peter Pedroncelli, 6:19 pm AFKI Original

    This week a world-class African innovation will be recognized at an event in the Ghanaian capital, as the winner of the 2017 Innovation Prize for Africa is officially revealed. A total of 10 nominees were unveiled by the African Innovation Foundation in June, and one of these innovative individuals will be announced as the winner at the Mövenpick Ambassador Hotel in Accra, Ghana on July 18.

  • World Bank Announces Agritech Challenge Aimed At Inspiring Innovation In Kenya

    agri-tech company - Investor That Backed Uber And Airbnb Invests In New York and Nairobi-based Agri-Tech Company. Photo: africarenewal By Peter Pedroncelli, 2:56 am

    The World Bank and venture capital firm Nest have announced a call for applications for the Agritech Challenge 2017 in Kenya. The initiative is the first open innovation program of its kind in Kenya, and it is aimed at connecting promising startups and innovators with one of the region’s leading agribusiness corporates. The AgriTech Challenge, which is sponsored by the World Bank, aims to spur collaborative innovation within the agricultural sector in Kenya.

  • Safaricom Looks To The Future, Invests In Telecommunications Lab

    Telecommunications Lab By Tom Jackson, 6:25 pm AFKI Original

    Safaricom is future-proofing its business with innovative new products and an investment in a telecommunications lab, which will streamline innovation and testing at the Kenyan telecoms giant. It has been 10 years since Safaricom launched the M-Pesa mobile money service that is widely attributed to being the catalyst for Africa’s fintech ecosystem and having played a huge part in establishing the company as a market leader.

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