Technology

IDRC and Oxford Insights Ranks Kenya First in Africa for the Adoption of New Technology

IDRC and Oxford Insights Ranks Kenya First in Africa for the Adoption of New Technology

Internet, Startups, Technology
The most recent study by the International Development Research Center (IDRC) and Oxford Insights reveals that Kenya ranks first in Africa to prepare for the adoption of the new technology. In the global level, Kenya ranks 52nd, leaving behind other African countries. It is the most prepared country for artificial intelligence in Africa, According to the 2019 Government AI Readiness Index published. Out of the 194 countries ranked in the world, 12 African countries are in the top100. Kenya is the 52nd globally followed by Tunisia (54th), Mauritius (60th), South Africa (68th) and Ghana (75th). The other countries in the top100 are Morocco (80th), Uganda (91st), Senegal (93rd), Tanzania (94th) and Rwanda (99th). The indicators taken into account during the elaboration of this index are pe
Kenya’s Cooperative Bank to briefly shutdown banking services for weekend IT upgrade

Kenya’s Cooperative Bank to briefly shutdown banking services for weekend IT upgrade

Business, Technology
Cooperative Bank of Kenya will switch off banking services over the weekend for IT upgrade. In a notice published on the dailies on Thursday, the bank notified its customers and the general public that it will be upgrading its IT network to improve system performance and provide faster banking services. “All our banking services will be switched off from 10.00pm Saturday 8th June to 8.00am Sunday 9th June 2019,” the lender said. On the affected days, customers will be unable to use the bank’s ATM, mobile banking, VISA Card, agencies, Saccolink, account to Mpesa, Kenswitch, and all other services.
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
Why Tech giants like Google and Microsoft are flocking to Africa

Why Tech giants like Google and Microsoft are flocking to Africa

Business, Internet, Technology
Now approaching 226 million, the number of smartphone connections across Africa has doubled over the last two years, according to a report published by GSMA on Africa's mobile economy. This leap coupled with the growing number of technology hubs and companies in major African cities is a boon for tech investors. It's why Microsoft and Google are not the only international technology companies staking their claims on the continent. Thanks to one of Google's many products, TensorFlow, rural farmers on the continent can diagnose diseased plants by taking a photo of it. TensorFlow came with the launch of Google's artificial intelligence (AI) center in Accra, Ghana's capital city earlier this year. The center, one of the multinational tech company's many investments in Africa, is compr...
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...