Author: Lynn Wandia

African Business Arena considered more ideal for startups

African Business Arena considered more ideal for startups

Startups, Uncategorized
When investors set to identify locations to invest, Africa is less likely to come to mind yet the investment scene in Africa has experienced a surge of activity over the last few years, fueling speculation that Africa could be the next big startups hub. Innovation has accelerated with new ideas and technologies spreading across the region. Among the sectors that have really thrived in Africa are eCommerce and mobile industries. In addition, sub-Saharan Africa was estimated to see GDP growth of around 5% in 2014. This has been realized with the economic scene  evolving rapidly. That’s substantially faster than the developing-country average. According to focus economics, Africa expects an economic growth of 3.2% in 2017. In addition, the African population is more quick to adopt new s
Fundi introduces innovative technology for schools

Fundi introduces innovative technology for schools

Business, Technology, Uncategorized
South Africa’s innovative leading education fund administrator has recently introduced a cashless system in the form of a bracelet to digitise payments for primary school pupils. Fundi’s bracelet, FundiPay allows parents to load pocket money into a learner or student’s account that is managed through a smartphone app, with transactions made through the child’s rubber wristband. Speaking at the Education Innovation Summit 2018 at the Hilton Hotel, Sandton, CEO of Fundi, Amasi Mwela says the company saw an opportunity in the high volumes of cash that flow at primary schools and it can also avoid bullying. “Fundi Pay’s payment solution is different in that it eliminates the need for a point-of-sale machine, as transactions are made using the merchant’s smartphone.” “Our innovative te
WIPO ranks Kenya second leading innovation hub in sub-Saharan Africa

WIPO ranks Kenya second leading innovation hub in sub-Saharan Africa

Mobile, Startups, Technology, Women
Kenya has been ranked the second leading innovation hub in sub-Saharan Africa by the World Intellectual Property Organisation in its latest Global Innovation Index (GII) 2019 report. Kenya’s so-called Silicon Savannah only trails upper middle income economy South Africa, with Mauritius coming third. “Kenya has a track record for recording high levels of innovation, outperforming on levels of innovation relative to GDP for the ninth consecutive year, an excellent record at par with other lower-middle-income countries like India, the Republic of Moldova, and Vietnam,” reads the report. Kenya’s innovative strength has been attributed to startups’ easy access to credit and microfinance loans. “As in previous years, Africa shines in terms of innovation relative to level of development. Ou
The Future of Work in Africa: Unleashing the Promise of Digital Technologies for All

The Future of Work in Africa: Unleashing the Promise of Digital Technologies for All

Business, Internet, social media, Technology
As developing countries brace for technological advances and other disruptions arising from climate shocks, fragility, economic integration and population transitions that will fundamentally transform the work landscape, a new World Bank report notes that Sub-Saharan African countries may benefit from digital technology adoption in different ways than other regions. The Future of Work in Africa: Harnessing the Potential of Digital Technologies for All, a regional companion piece to the World Bank’s World Development Report 2019: The Changing Nature of Work, says the region has an opportunity to forge a different path from the rest of the world – if digital technologies are harnessed correctly by governments and businesses by ensuring that critical policies and investments are in pla
Ethiopian ed-tech startup Accelerated uses data-driven tech to train better teachers

Ethiopian ed-tech startup Accelerated uses data-driven tech to train better teachers

social media, Startups, Technology
Ethiopian ed-tech startup Accelerated is blending behavioural sciences, technology and classroom data in order to build a unique teacher-coaching platform for the African context. Founded in 2016 and now finishing its third academic year of operations, Accelerated was established to address poor education outcomes by improving the quality of teaching in Africa, starting in Ethiopia. It does this by empowering coaches to train better teachers using tech and big data. Much like how TripAdvisor helps travellers to make smart choices on accommodation and itineraries based on ratings from other travellers, Accelerated’s Wagtail system helps coaches with meta data on best teaching strategies and personalised recommendations for any particular teacher. “We know a certain recommendation wor