Startups

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...
AI-driven research says women better gamers than men

AI-driven research says women better gamers than men

Business, Internet, Startups, Women
Last year the Gosu.ai startup, which has developed an AI assistant to help gamers play smarter and improve their skills, raised $1.9 million. Using machine learning, it analyzes matches and makes personal recommendations, and allows gamers to be taught by a virtual assistant. Because they have this virtual assistant they can now do some interesting research. For the first time ever, we can actually peer over the shoulder of a gamer and find out what makes them good or not. The findings are fascinating. Gosu.ai surveyed nearly 5,000 gamers playing Dota 2 to understand which factors separate successful and less-successful gamers. They found that although only 4 percent of respondents to the survey were women, it turned out that those women that responded had a 44 percent ...
Tech challenges menacing healthcare access in Africa

Tech challenges menacing healthcare access in Africa

Startups, Technology
Technologies such as mobile phone applications could help Africa achieve universal health coverage but challenges including failure to recognise the unique contextual factors associated with their deployment in low-income settings should be addressed, experts say. According to the WHO, universal coverage ensures that all people and communities can use quality health services they need while also ensuring that the use of such services does not expose them to financial hardships. But experts say that despite the potential of mobile technologies in addressing barriers to universal health coverage, the continent is grappling with inadequate benefits from their use. “Africa is diverse and if the many technological applications developed are to make any meaning, there is the need to think abo
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
Kerb, the Australian ‘Airbnb for Parking’ launches in Kenya

Kerb, the Australian ‘Airbnb for Parking’ launches in Kenya

Business, Mobile, social media, Startups
Kerb, the Australian ‘Airbnb for Parking’ has launched in Kenya to allow car users find parking easily as well as let homeowners rent out their spare spaces to make extra cash. Launched in Australia in October 2016 by Rob Brown and Matt Salmon , Kerb is live across the world in 19 languages and localized in 300 cities. The Kenya launch will be shortly followed by a regional expansion across East Africa. “We’re really excited about the benefits that Kerb is going to have for users”, says Co-founder Rob Brown. “The app allows you to list an entire car park up in minutes, and each individual bay can be customised by availability, price and vehicle type.” Kerb changes the conventional view about where people can park their cars, motorbikes, boats and even helicopters! Kerb