Search Results for: electricity

Kenyan Industries New Partnership with Distributed Power Africa

Becky
DPA

Kenyan industries are set to benefit by saving a minimum of 30% on their current cost grid consumption following a partnership between Distributed Power Africa (DPA) and Canadian Solar company. Currently, Kenyan companies lose nearly 10% of their production because of power outages and fluctuations. The deal is expected to help DPA provide top tier PV panels from the company that is estimated to be over 60,000 KuMax and KiKu  which would quite easily construct 50 large industrial solar plants. The PV panels will be made available to DPA customers…

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African New Startups in the credit scoring space

Becky

African startups with solutions in the credit scoring and financing space will have the chance to secure a testing phase for their technologies with French utility company ENGIE at Africa Tech Summit Kigali in February. Taking place for the third time on February 4-6, Africa Tech Summit Kigali brings together tech leaders, MNOs, banks, investors, entrepreneurs, governments, trade bodies and media to drive investment and collaboration in the African tech space. For the second year, Disrupt Africa has reprised its partnership with Africa Tech Summit Kigali to host the two-day Africa Startup Summit,…

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New Best Green Energy: Is it too late to tame Climate Change?

Becky
Airlines

Green Energy.  Wind and solar energy have become significant participants in primary energy mix, with the new electric battery storage technology poised to remove the continuity of solar and wind energy to provide uninterrupted day and night, all weather grid supplies. Battery storage combinations of up to 100mw capacities have been achieved. Last month a game-changing solar energy concentration technology was unveiled by Heliogen, a startup company backed by Bill Gates capital. It will concentrate solar energy to a temperature as high as 1,000 degrees Celsius by aligning large mirrors…

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

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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Blockchain technology new major role in equalizing American cities

Becky

The city of Austin is currently piloting a program in which its 2,000 homeless residents will be given a unique identifier that’s safely and securely recorded on the blockchain. This identifier will help individuals consolidate their records and seek out crucial services. Service providers will also be able to access the information. If successful, we’ll have a new, more efficient way to communicate and ensure that the right people are at the table to help the homeless. In Austin and around the country, it seems that blockchain technology is opening a range…

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Eco-friendly bitcoin competitor Chia, Invented

Becky

A bitcoin transaction wastes as much electricity as it takes to power an American home for a week, and legendary coder Bram Cohen wants to fix that. Considering he invented the ubiquitous peer-to-peer file transfer protocol BitTorrent, you should take him seriously. Cohen has just started a new company called Chia Network that will launch a cryptocurrency based on proofs of time and storage rather than bitcoin’s electricity-burning proofs of work. Essentially, Chia will harness cheap and abundant unused storage space on hard drives to verify its blockchain. “The idea…

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Nigerian Start up innovates Recycling; Q&A with Bilikiss Abiola, Founder WeCyclers

Becky

Bilikiss Adebiyi Abiola , Founder and CEO of Wecyclers The Nigerian tech startup space is developing at speed, and stands a good chance of being the Africa’s leader.  ITBusinessDirect spoke with  Bilikiss Adebiyi Abiola , Founder and CEO of Wecyclers, a company that offers  household recycling service using a fleet of low-cost cargo bikes. They are powering social change using the environment by allowing people in low-income communities in Nigeria to capture value from their waste. Question: How can you define the technology sector in Nigeria? Bilikiss: I believe it’s…

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U.S. tech look to Africa for developers

Andela

Tech companies founded in the United States are setting up software development centers in Nigeria and Kenya, where a number of young developers has led to growing tech communities. Microsoft has launched its Microsoft 4 Afrika initiative, aiming to help empower African youth, entrepreneurs, developers and others to make their ideas a reality. Steve Case, the AOL founder, and his wife Jean, Generation Investment Management and Sir Richard Branson have provided $19 million to Kenyan pay-as-you-go energy start-up M-KOPA Solar. Andela, which has attracted $24 million of funding from a scheme led by…

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The ‘Internet Of Things’ Will Be Bigger Than The Smartphone, Tablet, And PC Markets Combined

Staff Writer

The numbers being forecast for the Internet of Things (IoT) are truly mind-boggling. BI Intelligence finds that the number of everyday and enterprise devices that will soon be connected to the Internet — from parking meters to home thermostats — will be huge. BII   1.9 billion devices today, and 9 billion by 2018, according to BII estimates, roughly equal to the number of smartphones, smart TVs, tablets, wearable computers, and PCs combined. It will drive trillions in economic value as it permeates consumer and business life. In the consumer space, many products…

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Online retail begins to click in Africa’s biggest market

Staff Writer

The headquarters for this Internet startup is cheekily nicknamed “Graceland” and its co-heads are young Harvard graduates with grand plans who have rapidly expanded the business over the past year. Silicon Valley? Not even close. This emerging world Internet company, called Jumia, is now located in Nigeria, and the founders of the business here say there is no better place to pursue their strategy. Nigeria, Africa’s biggest market of 160 million people, has seen Internet access expand rapidly in recent years, opening opportunities for companies to exploit. While major obstacles…

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