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 &...
Bill Gates, Microsoft co-founder and philanthropist has lauded African tech start-ups for the creation of thousands of businesses that change the daily lives of people across the continent positively. Gates was speaking at the 14th Nelson Mandela Annual Lecture Series at the University of Pretoria's Mamelodi campus on Sunday. The theme of this year was "Living Together", with a special focus on those who gave their lives during the struggle for liberation. The multi-billionaire said for him, the most important thing about young people is the way their minds work. "Young people are better than old people at driving innovation, because they are not locked in by the limits of the past." The African entrepreneurs driving start-up booms in the Silicon Savannahs from Johannesburg and C