Africa has become the hub for innovation and digital communication. It is a continent that is rapidly embracing technology and with the highest record of internet penetration in the world. Many bodies have taken the initiatives of teaching the young generation and the whole population at large about ICT which has began to make a difference. Several African countries are on the lead with technological initiatives to push digital advancement in the continent. Rwanda’s has embraced technology at the primary school and university level through its One Laptop Per Child program and partnered with Carnegie Mellon University, creating a Kigali campus offering advanced degree programs in computer science and IT. The country is rolling out its 4G LTE program nationwide and is the highest ra
When investors set to identify best locations to place their investments, Africa is less likely to come to mind yet the investment scene in Africa has experienced a surge of activity over the last few years, fueling speculation that Africa could be the next big start up hub. Innovation has accelerated with new ideas and technologies spreading across the region. Among the sectors that have really thrived in this region are eCommerce and mobile industries. In addition, sub-Saharan Africa was estimated to see GDP growth of around 5% in 2014. This has been realized and the economic scene has evolved rapidly. That’s substantially faster than the developing-country average. According to focus economics, the continent expects an economic growth of 3.2% in 2017. In addition, the Afri
There are over 1,000 Blockchain companies in the world, and the number is growing daily as startups emerge. Although global Blockchain market is dominated by companies in the UK and US, Africa makes up 1.4% of the start-ups. In Africa, Blockchain technology provides a tremendous opportunity for start-up companies to solve numerous Africa’s problems. The following are 10 Blockchain technologies Africa as reported by TechBullion. 1) AMoney AMoney utilizes a multi-rail technology to bring four rails together: the AMoney protocol, the Ripple protocol, the Stellar protocol and the Blockchain technology to unify mobile wallets in Africa and enable a large volume of low-value cross border payments. 2) BitPesa BitPesa provides is a world-class platform that allows users to trade
Mastercard’s startup engagement program Start Path Global works with startups to drive new businesses forward and is launching a call for application for its 2016 class. Start Path was established in early 2014 as a way for Mastercard to work directly with global startups building innovative solutions covering everything from blockchain to artificial intelligence and chatbots. Over the last two years, Start Path has worked with over 90 companies across 24 countries. Mastercard is currently running active pilots with or has directly invested in nearly 20 percent of the companies. “In 2014 Mastercard wanted to look beyond itself and support innovation that was being developed by new and upcoming, early-stage companies” said Chris Bwakira, Vice President & Area Business Head East Afri
DotConnectAfrica Trust through the Miss.Africa program is launching the USD 7000 Round II Seed Fund for Tech initiatives in Africa that will avail small grants to support women and girls in the Science, Technology, Engineering and Mathematics (STEM) fields to launch or expand their own initiatives that will increase digital opportunities in IT related training, jobs and leadership roles. "These STEM projects are important for the development and growth of internet technologies that will spur Africa to the next frontier and we are happy to be part of the progress of taking the continent to that global platform." - Sophia Bekele CEO and Founder DotConnectAfrica Group The winner of the first round eMobilis, is a Kenya based Mobile Technology Institute that focuses on training women &...