Startups

Jiji acquires their main competitor OLX

Jiji acquires their main competitor OLX

Business, Mobile, social media, Startups
Today Jiji, one of the largest marketplaces for classifieds in Africa, has acquired their main competitor on the African market, OLX, and their businesses in Kenya, Ghana, Uganda and Tanzania. The acquisition means Jiji will now be able to access 300 million people across five markets. This is something of a coup for a company originally from Ukraine, pulling off an acquisition in one of the world’s last huge, relatively untapped regions. The transaction is supported by one of Jiji’s principal investors, Digital Spring Ventures. Joining Jiji's family will allow OLX users in these countries to benefit from Jiji’s market-leading products and services. OLX's reach, combined with Jiji’s own proprietary search and delivery algorithms, will create a beneficial combination - giving users a
Cisco Supports Digitization in Africa through Its NetAcad Program

Cisco Supports Digitization in Africa through Its NetAcad Program

Broadband, Startups, Technology
Speaking at the Cisco Connect conference, the company promises to support the digitization in African communities, businesses, and governments through its initiatives for development, innovation, and job creation on the continent. David Bunei, the Country General Manager for Cisco East Africa and Indian Ocean Islands, said: “We are living in a world that is changing faster than ever imagined. We are inspired by the prospect of an economy with abundant jobs, a place where entrepreneurs can thrive. Our goal is to enable small and medium businesses to accelerate their growth by helping them access our world-class technology.” One of the initiatives is the Networking Academy (NetAcad) program that aims at providing students hands-on digital skills to better prepare them for their
Kenya’s BuuPass Brings Convenience to CommutersThrough APIs & Partnerships

Kenya’s BuuPass Brings Convenience to CommutersThrough APIs & Partnerships

Business, Mobile, Startups
Kenya's BuuPass formerly known as Magic Bus, has fast grown into a startup making major strides, partly thanks to a $1 million cash prize they won from Hult Prize but mostly, the success can be attributed to the kind of partnerships they have been able to form the two years the startup has been in existence. Over 2,000,000 tickets including #MadarakaExpress sold so far on #BuuPass @buupass #DigitizingTransportKE @SafaricomPLC @Safaricom_Care #Mobility #PSV #Transport #SeamlessMovement pic.twitter.com/NXmTRd9zEE — bank·a·ble (@mbuguanjihia) May 28, 2019 So far, the Nairobi-based startup offers ticket booking services for Easy Coach and something that I learnt when I met up with the founding team, Sonia Kabra and Wyclife Omondi, BuuPass is also behind Kenya’s SGR online ticketing pl
Are all IPOs Created Equal? Jumia called a Fraud. Citron Exposes the Smoking Gun Equity is Worthless

Are all IPOs Created Equal? Jumia called a Fraud. Citron Exposes the Smoking Gun Equity is Worthless

Business, Internet, Startups, Technology
Andrew Left, Founder of Citron Research, has released a report stating that they have a "smoking gun" which proves that JUMIA is a fraud and that the stock is worthless. JUMIA shares, at the time of publishing, were down 20% on the day on the New York Stock Exchange (NYSE).The e-commerce company which operates across several African markets and is popularly (or infamously, depending who you ask) known as the "Amazon of Africa", listed on the NYSE earlier in 2019 to much fanfare and a $1 billion valuation."In order to raise more money from investors, JUMIA inflated its active consumers and active merchants figures by 20-30% (FRAUD). The most disturbing disclosure that JUMIA removed from its F-1 filing was that 41% of orders were returned, not delivered, or cancelled. This was previously dis...
AI-driven research says women better gamers than men

AI-driven research says women better gamers than men

Business, Internet, Startups, Women
Last year the Gosu.ai startup, which has developed an AI assistant to help gamers play smarter and improve their skills, raised $1.9 million. Using machine learning, it analyzes matches and makes personal recommendations, and allows gamers to be taught by a virtual assistant. Because they have this virtual assistant they can now do some interesting research. For the first time ever, we can actually peer over the shoulder of a gamer and find out what makes them good or not. The findings are fascinating. Gosu.ai surveyed nearly 5,000 gamers playing Dota 2 to understand which factors separate successful and less-successful gamers. They found that although only 4 percent of respondents to the survey were women, it turned out that those women that responded had a 44 percent ...