Tag Archives: IT

IT: Latest News

  • South African IT Firm Sells US Business For $830M, Share Price Up 25%

    South African IT Firm - Datatec CEO Jens Montanana. Photo: Techcentral By Peter Pedroncelli, 6:42 am

    South African IT firm Datatec has reached an agreement to sell U.S. subsidiary Westcon-Comstor’s operations in North America and Latin America for $800 million, while 10 percent of Westcon-Comstor will be sold to Fortune 500 company SYNNEX for a further $30 million. Operating in 70 countries across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region, Datatec is an international ICT solutions and services group based in Sandton, Johannesburg. The deal still awaits regulatory and shareholder approval.

  • South Africa’s Big 12 Retailers Shift From Expansion To Tech Investment

    shift from expansion to tech investment By Staff, 11:08 am

    Data from the big 12 retailers in South Africa show that they are putting their money into store refurbishments and IT instead of African expansion. Compare this to five years ago. The picture was very different. There was talk of aggressive store rollouts. Some South African companies have expanded into Europe and the U.K. to diversify earnings, but when the rand strengthened, those companies lost out. The customer focus is grounded in technology for the Big 12. IT is playing a critical role in investing in customers — building online capability, enhancing efficiency across supply chains and distribution, and reward programs to enhance client insights.

  • Rwandan Genocide Survivor Builds A Media Empire Empowering Youth

    Rwandan genocide survivor By Ann Brown, 8:12 am AFKI Original

    A survivor of the Rwandan genocide, entrepreneur Marcel Mutsindashyaka chose to use the media, not for revenge, but for peace building. His Rwandan media and IT company has helped restore unity in the country by engaging youth. It is now the second most popular news website in Rwanda. Mutsindashyaka was chosen to be in Obama’s Young African Leaders Initiative. The experience “opened my mind from local to global perspective,” he told AFKInsider. “From this I realized that there is potential for the U.S. and Africa to collaborate for mutual benefit.”

  • Banking In West And Central Africa Remains A Big Opportunity: Here’s Why

    Banking In West And Central Africa By Kurt Davis Jr., 3:58 pm AFKI Original

    The commodities downturn and slowing growth instill fear in some investors. But the underlying fundamentals of West Africa and Central Africa are positive. Nearly a third of adults in West Africa have a bank account. Throw in a very young population — 44% of West and Central Africa is 14 years old or younger. Mobile banking becomes a massive opportunity if you digest these demographics in the long term. The commodity decline is changing the Africa rising story. The financial services sector deserves not to be wrapped up in the anxiety.

  • Recruiting Americans ‘Who Have Bled’ To Work For African Financial Tech Firms

    By Dana Sanchez, 1:33 pm

    Cape Town-based fintech startup Jumo says it wants to hire locals, so why did it just hire an American veteran of Silicon Valley startups that became mega companies? “You want senior engineers who have lots of scars, because you can’t pay for that,” said the company founder. “It’s what helps you take shortcuts and avoid things from falling over.” On the Jumo homepage, watch the firm’s online mobile money transactions in the last minute. It’s mind-boggling, assuming they’re in real time. Cha-ching.

  • Smashing Stereotypes About African Women In Technology

    By Aniela Swider, 1:20 pm AFKI Original

    Many people — East Africans and foreigners — are unaware of the opportunities that exist in Rwanda, says Akaliza Kera Gara, Microsoft’s youth representative for East Africa. Gara hopes to change the idea that IT is a men’s field.

  • Mobile Companies Slash Tariffs In Zimbabwe

    By Staff, 1:43 pm

    Two well established mobile phone service providers in Zimbabwe, Telecel Zimbabwe and NetOne, are said to have confirmed that they will reduce voice tariffs by almost 30% as of 01 January 2015. New Zimbabwe has reported that the two service providers are ready to comply with a directive issued by Potraz (Postal and Tele-communications Regulatory Authority of Zimbabwe) in October last year.

  • 12 Female African Entrepreneurs To Watch In 2015

    By Keren Mikva, 12:36 pm AFKI Original

    Winifred Selby is the founder of Afrocentric Bamboo Limited, an eco-focused company in Ghana that creates and sells bicycles made from natural bamboo material. They’re affordable, marketed to a local audience in Ghana, and created dozens of jobs. Whether they are just starting out, or they have been in the game for a while, these are 12 female African entrepreneurs to watch in 2015.

  • Africa CEO Forum Circles Back to IT Revolution

    By Makula Dunbar, 2:24 pm

    Last month, the Africa CEO Forum took place in Geneva Switzerland. Besides business strategy being the topic of conversation, IT — it’s advancement and potential — was placed front and center. A video report by CCTV Africa details what CEOs believe is on the horizon for Africa and technology.

  • RentWorks Sets Up Shop, Acquires Business in Namibia

    By Makula Dunbar, 5:39 pm

    Now that South Africa-based asset rental firm RentWorks has acquired Namibia’s Corporate Equipment Rentals, the company has lunged into an expansion which will afford more businessmen and women the opportunity to use technology and corporate equipment on the go

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