A "solar revolution" is coming to Africa, comparable in scale and importance to the rapid surge in cellphone use on the continent two decades ago, predicts the head of the International Renewable Energy Agency (Irena). This is being accelerated by the fast-dropping costs for solar power, combined with plenty of sun in a continent that has more than half of it’s population not connected to electricity, meaning solar has huge potential in Africa. New reports show that Africa’s electricity problems continue to limit the continent with only 40% of Africans enjoying reliable power supply. The continent gets 117% more sunshine than Germany, which today has the highest installed solar power capacity. Both grid-connected solar power and off-grid solar energy now offer cost-competitive means to
The World Bank Group launched XL Africa, a five-month business acceleration program designed to support the 20 most promising digital start-ups from Sub-Saharan Africa. Start-ups will receive mentoring from global and local experts, learn through a tailor-made curriculum, increase their regional visibility, and get access to potential corporate partners and investors. With support from prominent African investment groups, XL Africa will help the 20 selected start-ups attract early stage capital between $250,000 and $1.5 million. The Vice President for the Africa Region at the World Bank says Digital start-ups are important drivers of innovation in Africa. To scale and spread new technologies and services beyond borders, they need an integrated ecosystem that provides access to regional m
How is innovation in Africa different from innovation in Silicon Valley? How can this kind of innovation in Africa be encouraged? The Africa Tech Summit is fast becoming the marquee technology event on the continent. It brings together more than 200 tech leaders, investors, entrepreneurs, governments, trade bodies, media and leading ventures to drive investment and business between Africa and Europe. Organised by Appsafrica, the summit aims to bring together leading tech companies, investors, and entrepreneurs to explore key sectors in the continent to drive investment and business between itself and the rest of the world. The fact that the African continent will have 700 million smartphones within five years is going to be game changing. From edu-tech to health-tech to ag-tech,...
Visa has partnered with Nest Africa to start a boot camp that will power collaboration opportunities between early stage technology companies, Visa and financial institutions from across Africa. The Visa Bootcamp aims to facilitate collaboration opportunities between early stage technology companies and financial institutions from across Africa for potential integration. Standard digital reports that ten participants were selected from a pool of 122 applicants from 12 countries including Kenya, Uganda, Rwanda, Ghana, South Africa, Cameroon, Nigeria, Belgium, Switzerland, UK, France and the US, who pitched their fin-tech solutions to an expert panel for a spot at Visa’s first innovation boot camp in Africa. Visa Country Manager for East Africa Sunny Walia said the finalists
The San Francisco based ride service Uber has experienced explosive growth since its founding in 2009 and the growing popularity of the service has prompted a backlash from taxi organizations in many its operating regions across the globe. The company which is valued at over $60 billion has been suffering a barrage of attacks and criticisms about its modus operandi. From accusations of blatantly flouting laws governing taxis, to benefitting from allegedly stolen data, Uber’s executives and legal team are bracing themselves for a tough time ahead. TechMoran reports that several factors have led the taxi hailing company straight to war. The prejudiced corporate culture in the organization is the first threat towards the company success. Susan Fowler, a reliability engineer at Uber