DCA Group Hosts ‘The Impact of COVID-19 on SME Financing in Africa’ WebForum

DCA WebForum Series 3 Executive Roundtable The Impact of COVID-19 on SME Financing in Africa

The COVID 19 pandemic has had and is predicted to have a strong effect on labour markets worldwide and in particular, Africa, where more than 70% of the workforce is in self-employment or works in micro, and small enterprises. This will also disrupt many existing value chains that most likely would, in turn, lead to loss of income and sharp increases in unemployment. In addition, most of the SMALL MEDIUM ENTERPRISES (SMEs) especially in the developing countries are often run by women, operate in saturated sectors in the informal economy and…

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COVID-19 is Transforming E-Commerce Globally

Ecommerce startups

Just over 306 million Americans are affected by stay-at-home orders, nearly 95% of the U.S. population. COVID-19 will forever change retailing, and its initial impact on e-Commerce is creating challenges to online selling & service no one imagined in January. The following graphic from COVID-19 Commerce Insight, an Emarsys initiative in cooperation with GoodData show how year-over-year revenue growth comparing the last seven days to the same period last year: Mobile devices are the most popular device for online shopping by a wide margin. 72% of consumers are using mobile…

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Counting the cost of COVID-19? Report Spells bad news for Women in STEM

STEM

COVID-19 is threatening to reverse hard-fought gains for women in STEM, according to a new report commissioned by the federal government. The report, commissioned by Industry and Science Minister Karen Andrews and produced by the Rapid Research Information Forum — a group of 35 research sector-led organisations chaired by Australia’s chief scientist, Dr Alan Finkel — was collaboratively led by Science & Technology Australia (STA) and the Australian Academy of Technology and Engineering (ATSE). According to the peer-reviewed report, Australia’s scientific and technical services industry recorded job losses of 5.6%…

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Microsoft Unveils Microsoft 365 With AI + Cloud-Powered Features

Microsoft 365

Microsoft will be launching it’s new Microsoft personal together with family subscriptions to replace the current office 365. The plan will be available as of 1st April 2020. Both the personal and family option will include access to office alongside other new features that will be rolled out. The personal plan will be retail at $6.99 and $9.99 monthly subscriptions for the family package of up to six persons. Both plans will include everything in the office 365 including desktop office apps.  1TB of Onedrive cloud storage per person, 60…

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Drivers and travelers connected via app

MTN Rwanda

After completing their university studies in computer science, classmates Ngugi Waithima and Denis Kiprono looked for jobs in vain. In June, the two former students of computer science at Mount Kenya University met in a Nairobi office in a job-hunting mission. Later over a cup of tea, they discussed their challenges in search of non-existent jobs. Their talk shifted to escalating traffic jams in Nairobi and the problems people face when travelling over the festive season. It’s from their traffic discussion that they hit some sort of Eureka moment. They…

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Cellulant’s super payments app Tingg unveiled in 8 African countries

Tingg Celuulant

Cellulant the African fintech company has Tuesday announced the launch of Tingg, an all-in-one, multi-functional consumer super app that will include a wide array of payment, commerce and financial services into a single platform that will revolutionize the way customers interact with digital payment services in the continent. The pan-African payments firm has been quietly building a payments super app to bring bill payments, remittances, lending, group investments, food and gas orders in one app in its eight markets across Africa. The firm has now announced a major rebrand of…

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Kenya based Direct Pay Online (DPO) acquires SA’s PayFast, a payment firm

Nairobi-based online payment service provider Direct Pay Online (DPO) has acquired PayFast, a payment processor based in South Africa. A statement said the transaction by the DPO Group was executed through a mix of shares and cash, with the PayFast management team remaining key shareholders in the Group. Following the transaction, DPO Group said it will be providing services to over 100,000 merchants across 18 African markets. “The integration of PayFast into DPO’s services will increase the range of payment options available to DPO’s business customers, whilst providing a Pan-African…

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Negotiated fares taxi hailing app inDriver, targets more African cities

Negotiated fares taxi hailing app inDriver, targets more African cities

Online ride hailing service, inDriver, which allows passengers to negotiate the fare with drivers, has begun recruiting drivers in Harare for the service, which it intends to launch in the capital towards the end of this month. inDriver, which is headquartered in New York, has 26 million users in more than 200 cities throughout the world. The service is already operating in South Africa, Kenya, Tanzania and Uganda. The inDriver app is used by passengers and drivers to be linked up and negotiate fares. The app can also be used…

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MumsVillage enters ecommerce to help mothers earn revenue

MumsVillage enters ecommerce to help mothers earn revenue

Isis Nyong’o’s MumsVillage has diversified into ecommerce to help mothers make money with the launch of MumsVillageShop. The move into ecommerce has been supported by impact investor Gray Matters Capital’s digital accelerator program – GMC Calibrator. MumsVillage also participated in the Unilever-DFID TRANSFORM partnership and Alibaba efounders Fellowship. “It is great to see one of the members from the first class of the eFounders program bring their vision to life. The program aims to empower young entrepreneurs to be champions for an inclusive digital economy, and the growth of MumsVillage serves as a…

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goAfrica partnership with Foxconn, iFP targets local market with cheaper iPhones

Ordinary Kenyans can now afford to buy iPhones at lower prices after goAfrica, an online platform, partnered with Foxconn and iFP to ship reconditioned smartphones to the local market. The smartphones are expected to retail at between 20 and 30 percent lower than what new smartphones cost in Apple Stores. “We are offering quality products to the market at an affordable price,” said goAfrica general manager Boniface Munywoki. The appetite for iPhones has grown steadily in the local market in the past few years, but the high cost of new…

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