Tag: .Africa

Fintech Will Contribute New $150 Billion to Africa’s GDP.

Staff Writer

The contribution of the Fintech industry to sub-Saharan Africa’s economic output will increase by at least $40 billion to $150 billion by 2022, according to Financial Sector Deepening Africa, a development-finance organization. The industry currently employs about 3 million people directly and indirectly in the region, FSD Africa Financial Markets Director Evans Osano said in an interview on Thursday. Sub-Saharan Africa’s gross domestic product is about $1.6 trillion, according to data compiled by the International Monetary Fund. “If you look at the value chain, most of that money is coming…

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Q&A: New Leti Arts bringing authentic Africa to the world through games & digital comics

Staff Writer

Caption: (inset) Leti Arts Co-founders, Eyram Tawia (Ghana) and Wesley Kirinya (Kenya) Africa is at the verge of global stardom, with the latest box office stunner movie featuring African superheroes in their fictional Kingdom of Wakanda. There is no doubt that Africa is starting to create its own imagery and endearing the world. It is through such that companies like Let Arts are focusing on. The IBCA caught up with Leti Arts to find out just what the founders are working on to bring an authentic Africa to a worldwide…

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Q&A with Matt Roberts-Davies, M-Changa; Create Innovative Products That Match Local Culture

Staff Writer

ITBusiness spoke with Matt Roberts-Davies, the Business Development Manager/Experience Director at M-Changa, a fundraiser management platform that provides cutting edge end-to-end management tools to enhance fundraising success. The session is majorly on the tech trends in Africa and the novelty of the internet of things (IoT). 1. How can you define the technology sector in Kenya? There is a lot of buzz around tech in Nairobi, Kenya’s capital city. One of the main reasons for this is the success of M-Pesa, a digital wallet that has reached mass adoption in…

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Is Africa’s new smartphone a game changer?

Staff Writer

Whether the Onyx phone will actually be the first smartphone manufactured in Africa depends on how you define manufacturing . A South African start-up will next month begin mass producing a $30 smartphone, which it describes as the first of its kind to be manufactured in Africa. According to CNN,  Onyx Connect is gearing up to launch a four-inch entry-level smartphone for about $30 that includes front and rear cameras, 1GB RAM, 8GB ROM, 1.3GHz quad core processor and runs the latest Android 7 Nougat. While most low-cost smartphones come…

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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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Mobile tech and services generated $150 billion in Africa, 725 million unique subscribers expected by 2020

Staff Writer

The GSMA study ‘The Mobile Economy: Africa 2016’ was launched at the GSMA Mobile 360 – Africa event held in Dar es Salaam, Tanzania from July 26 – 28, 2016. The report highlights the increasing contribution of Africa’s mobile industry to the regional economy, including employment and public funding, and mobile’s role a platform for digital and financial inclusion. Industry overview At the end of 2015, 46% of the population in Africa subscribed to mobile services, equivalent to more than half a billion people. The region’s three dominant markets –…

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Second 7000 USD Seed Funding for STEM Initiatives announced by Miss.Africa

Staff Writer

The Miss.Africa initiative from DotConnectAfrica Trust has announced a second offering for its annual Seed Fund  for Tech initiatives in Africa led and founded by Women. In the first round, the Miss.Africa Seed Fund, a sum of Seven Thousand United Stated Dollars (USD 7000) received an overwhelming number of applications of over 90 applicants from more than 18 Countries in Africa across the African continent and anticipates a big turn of applications for the 2016 phase. As statement on the announcement by Sophia Bekele CEO and Founder DotConnectAfrica Group noted that…

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Ghana Is The Next Country To Receive Uber After Uganda

Staff Writer
Uber Africa launches Uber Cash in partnership with Flutterwave

Just a few days after Uber opened operations in Kampala, Uganda, ItNewsAfrica reports that Ghana will be the next country to receive the service. Accra, Ghana’s capital city will join Uber’s growing network in Africa, a good choice since the city boasts a population of 2.27 million people and a thriving economy. The large population will now have access to efficient transport through Uber. Alon Lits, the General Manager for Uber Sub-Saharan Africa said that: “Accra is bustling, connected city that Uber is proud to be launching in. It’s rapid…

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Q&A with Ethel Cofie, Co-Founder Women in Tech Africa, and EDEL Technology Consulting

Staff Writer

This is a QnA with the CEO of EDEL Technology Consulting, a custom software and digital products company and Founder of Women in Tech Africa, Africa’s largest women in tech group with members in over 30 Africa countries and physical chapter in Ghana, Kenya and London.  It was featured on Women’s Forum. Women’s Forum: Why did you choose to be a speaker at the Women’s Forum Mauritius 2016? I have always been passionate about technology, innovation, women leadership and empowerment. The theme (Bringing more women and youth into the innovation…

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The Africa Prosperity Report 2016 Is Out

Staff Writer
Africa Prosperity Report

The Legatum Institute an International think tank that is behind the Prosperity Index released the Africa Prosperity Report 2016 that shows how African countries rank in terms of prosperity. At the top of the list was South Africa, one of Africa”s richest countries and at the bottom was Africa’s poorest country, Central African Republic. Wealth of a country was not however a determinant of the country’s ranking. The Africa Prosperity Report reveals that some countries are performing rather well on the Prosperity ranking despite of their wealth while others weren’t.…

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