Author: Nasha Harper

CS Mucheru urges Kenyans to plug into digital currencies and buy bitcoins

CS Mucheru urges Kenyans to plug into digital currencies and buy bitcoins

Business
Though the Central Bank wants Kenyans to see digital currencies such as bitcoin and ethereum among others as volatile and high risk. The ICT Cabinet Secretary, Joe Mucheru is urging Kenyans to embrace them and plug into the digital currencies and buy bitcoins as those who invested in them have reaped big benefits. “As a leader in mobile money, we cannot afford to be left behind in this digital economy”, he said adding that the government’s agendas of housing, healthcare, manufacturing and food security will be driven by ICT. The CS was speaking during the launch of the Nairobi Innovation Week 2018 and Nairobi Innovation Week Road Map 2025 in Nairobi. “I urge you all to support business startups and support the University of Nairobi in building the startup ecosystem in t
Mobile Money Interoperability to challenge Safaricom’s Dominance of the Telecoms Market

Mobile Money Interoperability to challenge Safaricom’s Dominance of the Telecoms Market

Business
M-Pesa’s position as the leading cash transfers service is set to face a new challenge with the launch of mobile money interoperability, which will see users send and receive money across networks in real time. The communications and banking sector regulators are today set to announce the start of a pilot test of the cross-network service beginning Monday next week, before its full launch to the public later on. The cross-network transfers will be limited to Airtel and Safaricom employees in the pilot phase. “One of the key reasons we need interoperability is to make sure that people are not limited by a closed network, you should be able to send money to anyone on any network and receive money from anyone,” said ICT minister Joe Mucheru in an interview yesterd
Uber’s largest shareholder wants it to exit 15 African Cities and Asia

Uber’s largest shareholder wants it to exit 15 African Cities and Asia

Business
Uber could soon be pulling out of some international markets, including 15 African cities, if its new majority shareholder has its way. A new $8 billion investment by a consortium led by SoftBank, the Japanese tech giant, has seen the group acquire 17.5% stake in Uber. SoftBank’s 15% share makes the Japanese firm Uber’s largest shareholder. Uber says it hopes the investment will allow the company “double down” on providing its service “to more people in more places around the world,” in a statement to the Financial Times (paywall). But that appears to be at odds with SoftBank’s vision for the company. Rajeev Misra, a board director with SoftBank, believes the ride-hailing company has a better chance of success—and profitability—if it focuses only on core markets such including US
Transformation in Africa’s digital retail landscape

Transformation in Africa’s digital retail landscape

Internet, Technology
Undeniably, digital transformation continues to dramatically change the way we live and do business – almost daily it seems. Globally, the retail industry is one of the top industries in which we are seeing massive strides and changes when it comes to the adoption of technology, the evolving customer journey, and innovation in terms of products and services. Africa’s retail landscape is no exception. On the face of it markets in Africa are outperforming some first world countries in their pace of transformation to meet the needs of the rising digitally-savvy customer population – a consumer base which is now generally better informed, and demanding a more personalised, convenient, on demand service. The retail journey is no longer about merely walking into a store and grabbing something
Online ‘garage sale’ Preloved launches to help people auction preloved things

Online ‘garage sale’ Preloved launches to help people auction preloved things

Startups
Developed by Dakarai Mshoperi in Zimbabwe, Preloved, an online garage sale community has launched to to help people buy preloved things at prices starting from as little as a dollar. The app aims to help users sell things from their homes that they’ve loved, but have not used in weeks, or perhaps, that would be put to better use by somebody else. Preloved lets people auction those things. People sign in with Facebook, and browse to their city to see what’s on offer. People can also post items for free – forever! “We are thrilled to partner with Hamish Stockdale of the “Cape Town Buy, Sell, & Swop” Facebook group with over 110,000 members in Cape Town to transition them over to Preloved for our launch, and giving all the members of the group an online garage sale where buyi