Startups

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
African tech startups secured a record US$334.5 million worth of investment

African tech startups secured a record US$334.5 million worth of investment

Internet, Mobile, Startups, Technology
According to the annual African Tech Startups Funding Report 2018 released by startup news and research portal Disrupt Africa, which is now in its fourth year, African tech startups smashed funding records in 2018 as 210 startups secured US$334.5 million worth of investment. The report, which tracks the total amount of funding raised by African tech startups each year, found 210 startups raised a total of US$334,520,500 in funding in 2018. This represented the best year since records began, and a substantial leap on 2017. The number of startups that raised grew by 32.1 per cent, and total funding jumped by an impressive 71.5 per cent. A key finding of the report was the emergence of Nigeria as Africa’s startup funding hub, after years of playing second fiddle to South Africa. With 5
Tech Trends for Small Businesses to Watch in 2019

Tech Trends for Small Businesses to Watch in 2019

Business, Startups, Technology
Nearly everyone would agree that 2018 was a far-from-boring year, and that applies to small and medium-sized business IT as well. Raymond Boggs, vice president of small and medium business research at IDC, notes that it was a surprising year in terms of cloud adoption for SMBs, particularly on two points. First, while cloud adoption is taking off with SMBs — a recent survey of SMBs from CDW found that 73 percent of respondents were using cloud in some capacity — there is still some hesitation among very small businesses. “The smallest of the small businesses, those with five to nine employees, are still slow when it comes to cloud adoption, which is curious because many of the issues around security and other concerns have been largely resolved. That was quite a surprise,”
Nairobi-based lending startup Tala gets an undisclosed strategic funding from Paypal

Nairobi-based lending startup Tala gets an undisclosed strategic funding from Paypal

Business, Startups
PayPal Inc Holdings Inc has made an unspecified strategic investment in Tala, a financial technology startup that lends to underserved consumers in emerging markets, the companies said on Monday reports Reuters. Based in Santa Monica, California, Tala lends to individuals in Kenya, Tanzania, the Philippines, and Mexico through its smartphone app. The company has lent more than $500 million to customers and has more than 300 employees around the world. It is among a growing cohort of new entrants in finance that take advantage of digital technologies to service individuals that have been excluded by the traditional banking sector because they were considered too risky or too unprofitable to serve. To service these consumers, Tala analyzes device and behavioral data to underwrite th...