Africa's electronic commerce (e-commerce) market is primed for major growth as mobile internet performance continues to improve, a proposed national addressing system comes into existence, and people become more comfortable with digital transactions. The sector has now got a foothold in a wide range of countries, some obvious but many less obvious. As with m-money, it will grow in some places but not others. The big investors in the African e-commerce sector include: African Internet Group, Naspers (co-investors with Kinnevik in Nigeria’s Konga), Swiss-owned Ringier, Casino (a French company with e-commerce platforms in Cote d’Ivoire and Cameroon) and One Media Africa (backed by Tiger Global). Naspers has been in and out of Sub-Saharan Africa in this area once already with several
Technological gaps will keep on growing between developed and developing countries as long as new approaches are not adopted in the teaching of Science, Technology, Engineering, and Mathematics (STEM) in training institutions. In line with this, the Miss.Africa Program initiative sets the bar high by training female trainees in mobile coding program to better their future in the male dominated IT sector. The trainees are able to get life skills mentoring, experience-sharing with STEM experts, Coding skills, and industry exposure. The girls trained usually have many positive comments at the end of each event on the change of perception in Stem careers. This initiative which emphasizes on the importance of technology in enhancing collaboration in future is among the many voices find
Google is expanding its Launchpad Accelerator program to two more continents. African and European countries have been added to the lineup. The Google Launchpad accelerator is a program to empower founders by supporting their startups through mentorship and equity-free support. The Accelerator leverages all that the tech giant has to offer, to help participating tech startups reach their true potential. The tech giant's target is to help startups build products on its platform and become successful doing it and ensuing that every startup has access to the best resources that the ecosystem can provide. Startups participating in the accelerator receive $250,000 worth of assistance, including $50,000 in seed funding with zero equity taken, credits to use Google products, physical space in
The “Africa Rising” narrative is increasingly giving way to that of “Aspiring Africa”. Enhanced by Technology is the idea that economic growth in Africa must come with equitable opportunities for all participants, with benefits enjoyed by every section of society. As Africa develops, it is pivotal to ensure that the currently underserved majority feels the benefits. Africa’s mobile revolution has offered entrepreneurs an opportunity unlike any other to disseminate products and services that can contribute to inclusive growth on the continent. It enables digital innovation that allows African entrepreneurs and developers to leapfrog technologies, creating access to previously unavailable services for the majority. According to Disrupt Africa, Africa is seeing the same technological
Outlierz, a new Morocco-based seed investment fund, dedicated to providing smart capital to African startups, has been launched. According to Aptantech, the Outlierz seed fund is the culmination of three years of hard work which involved connecting entrepreneurs and building a startup community in Morocco from the ground up. “We started from a simple yet striking conclusion: too many startups fail at the pre-seed and seed stages because of a lack of appropriate resources. We intend to change that by providing smart capital to the continent’s most promising companies. The target outcome will be a stronger pool of high potential startups that are ready for subsequent investment and, in the end, lead to success stories that are uniquely African,” said Kenza Lahlou, founder and MD, Outlierz.