Author: Lynn Wandia

Are all IPOs Created Equal? Jumia called a Fraud. Citron Exposes the Smoking Gun Equity is Worthless

Are all IPOs Created Equal? Jumia called a Fraud. Citron Exposes the Smoking Gun Equity is Worthless

Business, Internet, Startups, Technology
Andrew Left, Founder of Citron Research, has released a report stating that they have a "smoking gun" which proves that JUMIA is a fraud and that the stock is worthless. JUMIA shares, at the time of publishing, were down 20% on the day on the New York Stock Exchange (NYSE).The e-commerce company which operates across several African markets and is popularly (or infamously, depending who you ask) known as the "Amazon of Africa", listed on the NYSE earlier in 2019 to much fanfare and a $1 billion valuation."In order to raise more money from investors, JUMIA inflated its active consumers and active merchants figures by 20-30% (FRAUD). The most disturbing disclosure that JUMIA removed from its F-1 filing was that 41% of orders were returned, not delivered, or cancelled. This was previously dis...
International calls traffic from Kenya hit an eight-year low due to WhatsApp and Skype

International calls traffic from Kenya hit an eight-year low due to WhatsApp and Skype

Internet, Mobile
International mobile phone call traffic from Kenya shows a continued downward spiral, hit an eight-year low on increased use of Internet-based platforms like WhatsApp and Skype, fresh data shows. Official Economic Survey data shows that the traffic fell by 3.4 per cent in 2017 to 437.8 million minutes last year — the lowest since 2010. Internet-based platforms are gaining popularity as subscribers turn to affordable and quality options to the traditional mobile calls. “The total international traffic has been declining in the last three years partly due to availability of Over the Top (OTT) communication platforms that allow users to make free voice and video calls, following the removal of regulatory barriers,” the report says. OTT are platforms that rely on the internet to make c
Kenya counts on innovation to boost health, agriculture

Kenya counts on innovation to boost health, agriculture

Technology
Kenya is exploring the use of technology in health and agriculture to build infrastructure and create sustainability in the two sectors. The government has already begun the adoption of technology in the Universal Health Coverage as well as in the agriculture data centre to be opened by the Kenya Agricultural and Livestock Research Organisation (Kalro). “Technology plays an important role in issues of universal health coverage (UHC), telemedicine, and distribution of drugs using drones,” said Principal Secretary ministry of ICT, Jerome Ochieng. Mr Ochieng, who was speaking during the Dell Technologies Regional ICT Conference, said uptake of the new technology will pave way for precision agriculture, which is key in food sustainability. “Precision agriculture is whe
Africa in the Digital Era – Hype or Reality?

Africa in the Digital Era – Hype or Reality?

Business, Internet, Startups, Women
Former Nigerian Minister for Communications Technology, Dr Omobola Johnson, delivered the UN Economic Commission for Africa’s (ECA) annual Adebayo Adedeji at the ongoing Conference of Ministers in Marrakech. Held in memory of the Nigerian scholar Adebayo Adedeji – arguably one of Africa’s leading proponent of regional integration – the lecture focused around the question of digital transformation in Africa: Hype or Reality? “There is enough evidence that Africa can be digitally transformed. But what is holding us back? asked Dr Johnson when she delivered the lecture to ministers and a host of experts attending the Economic Commission for Africa (ECA) Conference of Ministers. As the world-wide-web celebrates 30 years, its inventor Tim Berners-Lee told a Nigerian audie
The Traditional Resume is dying, new technology is on to find ideal candidates

The Traditional Resume is dying, new technology is on to find ideal candidates

Business
In the next three years, top HR executives and employers have asserted that the biggest impact on recruitment will be Technology Augmenting the Hiring Process. In other words, how technology will make the hiring process more effective through easier filtering and more accurate matching. This discovery, along with other invaluable insights into the evolution of the job market has been pioneered through in-depth research conducted by ROAM (Ringier One Africa Media) (https://www.ROAM.africa/). ROAM encompasses the market-leading job portals in West Africa (Jobberman) and East Africa (BrighterMonday), as well as Executive recruitment and HR solutions firm, The African Talent Company. The company periodically surveys over 50,000 employers who use their services, to understand h...