When it comes to measuring the impacts of human development and economic progress in Africa, a comprehensive review of the data ecosystem needs to be done. Lack of accurate information systems in Africa is a development and social cohesion challenge as it continues to make progress monitoring and decision making difficult. According to Asoko Insight, a new report by the United Nations Economic Commission for Africa tries to look at these challenges and how countries can work towards a better system and technology implementation to address the issue. The broadband access gap between Sub-Saharan Africa and the rest of the world is getting wider, just as the gap in mobile communications is getting smaller. Increasing access to broadband connectivity is therefore emerging as a high pri
Africa has become a hub for innovation and digital communications. Access to ICT has increased dramatically over the last decade. Microsoft corporation and Ecobank Transnational Incorporated, parent company of pan-African banking group Ecobank has signed a memorandum of understanding to complement African governments’ efforts to modernise and raise the standards of the continent’s major cities through state of the art digital solutions. The MOU will see the modernisation of sectors that will have the most immediate and significant impact for African countries. It also supports the implementation of a comprehensive e-skills and a digital literacy programme in the African countries. The collaboration ensued from increasing pressure on African cities due to urbanisation and t
African tech startups raised funding in excess of US$129 million in 2016, with the number of startups securing funding up by 16.8 per cent compared to the previous year reports Tech city. The Disrupt Africa Startups Funding Report displays substantial growth in the number of startups to raise funding as compared to the previous year, although the overall total amount of funding recorded declined. Of the nine sectors analysed in the report, the fintech sector received the most backing in 2016, with startups in this space raising a combined US$31.4 million, 24 per cent of the overall total. According to Tech city, the report also makes available data on the startup acquisitions which took place in 2016; as well as the results of surveys relating to preferences and trends wit
The digital age has seen the rise of many activities that used to require you to leave the house, but can now be done from the comfort of your couch. A recent survey has shown that Nigerians shop more online than other sub-Saharan African (SSA) countries. The rise of online shopping is clear to see as many people no longer feel the need to flock to crowded shopping malls on weekends, instead they can spend as long as they want, all day if needs be, searching online shops from around the world for items which their hearts desire. This has led consumer businesses to adapt or die as they say, moving online and creating online stores which offer fast delivery and easy payment solutions. According to GeoPoll, which conducted the survey on five African countries including Nigeria, S
Concerns over cyber security are growing in India due to a spate of high-profile hacking and cyber- security incidents as the government urges millions to embrace digital payment systems. Following his decision in November to demonetise high-value currency notes of 1,000 rupees (S$21) and 500 rupees to curb corruption and illegal activities, Prime Minister Narendra Modi has been pushing for cashless transactions to promote more transparency. According to The straight times, the prime minister launched the Bharat Interface for Money, an app for cashless transactions, and his government has announced a raft of incentives including discounts of up to 10 per cent for the purchase of petrol, diesel and insurance products by card. Yet cyber-security experts said going digital mus...