Africa’s e-commerce giant Jumia to list on the New York Stock Exchange

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Reports of an initial public offering (IPO) by Jumia, the pan-African conglomerate of e-commerce businesses, have been finally confirmed but details of its financials do not paint a pretty picture. Jumia has filed to launch its IPO on the New York Stock Exchange, documents from the U.S. Securities and Exchange Commission (SEC) show. The intended IPO is a landmark first for e-commerce and tech businesses on the continent. It could also mark a possible exit by Rocket Internet, Jumia’s German parent company, divesting its remaining 28% stake in the company.…

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Ride-hailing platform Taxify rebrands as Bolt

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Taxify, the ride-hailing platform rebranded in SA as Bolt, after five years in the local market. Uber rival said on Thursday. “This update brings the brand identity in line with the company’s broader vision of transportation that has already expanded from ride-hailing with cars to motorbikes and scooter-sharing,” it said. CEO Markus Villig said in a statement that when the company was founded five years ago, its first product was a taxi-dispatch solution that gave it its original name. Since then, it has outgrown parts of its brand, he said.…

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How prepared are African businesses to tap AI benefits?

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The world is becoming a consumers’ market where future trends are now determined by an impatient customer with a smart phone. The modern shopper wants the best for less right now. They also demand that brands speak to and about their unique individuality. These conversations are taking place online in real time, feeding research, design and development teams with enough data to make accurate predictions of what will sell in the future. How this information is collected and collated is being made possible by technology. What does Artificial Intelligence mean…

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SMEs Digitization in Africa

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Gartner, the global research and advisory firm, defines digitalisation as “the use of digital technologies to change a business model and provide new revenue and value-producing opportunities; the process of moving to a digital business”. Digital technologies include social technology platforms, Mobile, Cloud, Internet of Things, Artificial Intelligence, Analytics, Virtual Reality, and Blockchain, amongst others. All these technologies can be harnessed to introduce new digital business models by changing and enabling better internal processes, customer experience and operating models. Digitalisation can be a source of unapparelled competitive advantage when adopted…

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Amazon backs down on New York HQ Plans

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“After much thought and deliberation, we’ve decided not to move forward with our plans to build a headquarters for Amazon in Long Island City, Queens,” the company said in a statement. Amazon has announced it will no longer build a headquarters in New York. “After much thought and deliberation, we’ve decided not to move forward with our plans to build a headquarters for Amazon in Long Island City, Queens,” Amazon said in a statement Thursday. The change would have brought 25,000 jobs to the Queens area, but the company would…

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Google’s CSquared parnters with local firms to enhance Africa’s affordable broadband

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CSquared, a pan-African broadband infrastructure provider owned by Google and other partners, has said that one of its top priorities is ‘fiberizing’ Africa through affordable broadband internet connectivity. “Fiberizing Africa is about creating value by changing the way Africa perceives internet,” said Lanre Kolade, the newly-appointed CEO of CSquared. “The continent should transition from being just consumers of internet and move to the extra mile of generating its own local content.” Started as a project within Google to build and operate open-access broadband infrastructure in Africa and increase access to…

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Spotify in advanced talks to acquire Gimlet Media for over $200

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Spotify is in talks to acquire Gimlet Media, one of the leading podcast production houses. If this deal completes, it will signify a major change in the trajectory of podcasting as an industry. The significance of the deal goes well beyond that of the eye-opening $200 million valuation being discussed. Gimlet has raised approximately $28.5 million in venture funding from investors including WPP, Stripes Group, LioneTree Partners, Graham Holdings, Betawarks, Cross Culture Ventures, and Lowercase Capital. Two years ago, the startup was reportedly valued at roughly $70 million. Podcasting has…

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Microsoft to offer paid Windows 7 Extended Security Updates after January 14, 2020

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Microsoft said last Fall that it would offer paid Windows 7 Extended Security Updates on a per-device basis for big customers willing to pay for them after the company ends Windows 7 support on January 14, 2020. Microsoft officials wouldn’t talk about how much those updates would cost, beyond saying they’d get more expensive over time.  Windows 7 Extended Security Updates for three years, meaning through January 2023. These will be security patches/fixes like the ones Microsoft is currently providing for free for Windows 7 users, as Windows 7 is still in “Extended”…

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Pesapal starts Payment processing for low cost Kenyan Airlines

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Pesapal has this year started processing payments for low cost carriers in Kenya. Jetways Airlines, Silverstone Air and Skyward Express will from now on use Pesapal’s integrated payment system to process Mpesa, Visa, mVisa, MasterCard and American Express payments on their respective websites. This not only gives travellers the freedom to pay conveniently for their flights but also makes it easier for airlines to track payments and traveller flight information. These airlines join African Express Airways in Kenya and Eagle Air in Uganda showing Pesapal’s growth as a payment processor…

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Older users over 65 yrs shared more fake news, New York and Princeton Universities researchers reveal

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According to a new analysis by researchers at New York and Princeton Universities. Older users shared more fake news than younger ones regardless of education, sex, race, income, or how many links they shared. In fact, age predicted their behavior better than any other characteristic — including party affiliation. Today’s study, published in Science Advances, examined user behavior in the months before and after the 2016 US presidential election. In early 2016, the academics started working with research firm YouGov to assemble a panel of 3,500 people, which included both…

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