Technology

Retail giant Shoprite partners with Standard Bank, Google and Celbux to launch a mobile money platform

Retail giant Shoprite partners with Standard Bank, Google and Celbux to launch a mobile money platform

Business, Mobile, Technology
The Shoprite Group has announced ‘Shoprite Money’ – a new mobile transactional banking service which is available to everyone, even those without existing bank accounts the retailer said in a statement on Wednesday. The service has been launched in partnership with global fintech company Celbux, Google and Standard Bank. “Using their Shoprite Money mobile wallet, this new service will allow customers to deposit, withdraw or send money as well as buy groceries at any of the till points in all Shoprite, Checkers, Checkers Hyper or Usave stores,” it said. Customers can also send money and buy electricity or airtime using their mobile phones, provided they have funds in their Shoprite Money account. “Basic transactional banking services in South Africa are expensive and in many cases
How Technology Can Improve Africa

How Technology Can Improve Africa

Technology
In comparison to some other continents, Africa’s tech industry is still developing. While some gains have been seen in recent years regarding mobile phone ownership, smartphone usage still isn’t at a level comparable to the US. Given the lack of internet service, there is some increased demand stirring. Other areas of African life can be improved by technology. Education In Sub-Saharan Africa, millions of school age children are not attending school. Given some concerns that the education system simply isn’t of quality, technology could be the answer. Communication technology has provided potential ways in which the education system can be improved. While access to the internet continues to be low, the mobile internet is providing this connection for the region. Through these con
Tech  Rwanda’s MeshPower launches a solar mini-grid to open up new economic opportunities

Tech Rwanda’s MeshPower launches a solar mini-grid to open up new economic opportunities

Technology
MeshPower, a renewable energy firm has launched a 4 Kw AC/DC solar mini-grid in Gitaraga village, Bugesera District in Eastern Rwanda to provide clean energy access to 196 households and 15 businesses, nine of which are operated by women. The mini-grid is expected to only improve the standard of living in the community, but also offer new economic opportunities and enhance the productivity of businesses in the village, which is currently not served by the national grid. Through a Sida-funded programme, aiming to help companies deliver energy access in off-grid areas, Energy 4 Impact is supporting MeshPower to stimulate the demand for electricity in Gitaraga, so as to improve the economics of their mini-grid and help the viability of their business model. “Developers of small min
Fintech is disrupting big banks

Fintech is disrupting big banks

Business, Technology
Investment in fintech sector is seen as an investment hot ticket. While the 2015 edition of the EY FinTech Adoption Index estimated that fintech was still in its infancy, the 2017 edition found that adoption had risen dramatically to one in three. “But while it’s clear that digital start-ups and first round investments in fintech are growing and that the digital revolution in banking is well and truly here, what hasn’t yet been mapped is the impacts on banking’s biggest players,” says Mark Fitzgerald, Director – Government and Enterprise at FaceMe. In its report, Banking disrupted, Deloitte suggests that the future of European retail banks is looking rather grim. Rocked by the wake of the financial crisis and the ongoing shakings of re-regulation, retail bankers face the threat of to
Kenya’s Selina Wamucii receives USD 100,000 grant from Expo Live

Kenya’s Selina Wamucii receives USD 100,000 grant from Expo Live

Technology
Selina Wamucii’s mobile phone-driven sourcing platform for fresh produce from Kenyan smallholder farmers, has received USD 100,000  grant from global social impact programme Expo Live, run by organisers of the next World Expo, Expo 2020 Dubai. Some 60 per cent of food produced by smallholder farmers in Africa never reaches the market due to supply chain inefficiencies. Selina Wamucii’s mobile platform aims to improve the agricultural supply chain by enabling buyers and exporters to source fresh produce directly from smallholder farmers, even without access to the internet. Selina Wamucii was founded in June 2015 by John Oroko and Gaita Kariuki, both of whom were born and raised in smallholder families. The company is named after the co-founders’ mothers. By shortening the supp