Kenya has been ranked the second leading innovation hub in sub-Saharan Africa by the World Intellectual Property Organisation in its latest Global Innovation Index (GII) 2019 report. Kenya’s so-called Silicon Savannah only trails upper middle income economy South Africa, with Mauritius coming third. “Kenya has a track record for recording high levels of innovation, outperforming on levels of innovation relative to GDP for the ninth consecutive year, an excellent record at par with other lower-middle-income countries like India, the Republic of Moldova, and Vietnam,” reads the report. Kenya’s innovative strength has been attributed to startups’ easy access to credit and microfinance loans. “As in previous years, Africa shines in terms of innovation relative to level of development. Ou
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 ...
Former Nigerian Minister for Communications Technology, Dr Omobola Johnson, delivered the UN Economic Commission for Africa’s (ECA) annual Adebayo Adedeji at the ongoing Conference of Ministers in Marrakech. Held in memory of the Nigerian scholar Adebayo Adedeji – arguably one of Africa’s leading proponent of regional integration – the lecture focused around the question of digital transformation in Africa: Hype or Reality? “There is enough evidence that Africa can be digitally transformed. But what is holding us back? asked Dr Johnson when she delivered the lecture to ministers and a host of experts attending the Economic Commission for Africa (ECA) Conference of Ministers. As the world-wide-web celebrates 30 years, its inventor Tim Berners-Lee told a Nigerian audie
Amazon recently unveiled a debut collection of makeup products under its private label “find,” which also sells apparel basics. Available only from Amazon’s UK site for now, the products—for the eyes, brows, face, lips, and nails—are sold in “bundles” rather than individually. All are Prime eligible and priced under $20, comparable to drugstore offerings. Historically, an announcement from Amazon that it’s expanding into a new market has caused fear and anxiety: In 2017, grocery chains lost nearly $12 billion in market capitalization in a single day after Amazon said it would lower prices at Whole Foods. Last year, Amazon shared its vision for an independent healthcare service, causing the market value of the 10 largest listed health-insurance and pharmacy
SDGs&Her is an online competition for women entrepreneurs to showcase how they are carrying out business operations in support of supporting the Sustainable Development Goals (SDGs) through their business operations. The objectives of the initiative are to: – Recognize women implementing the Sustainable Development Goals, including women business owners of microenterprises; – Increase knowledge about the Sustainable development goals and their potential impacts on women among non-traditional audiences; and – Collaborate with private sector partners on all SDGs, but SDG5 in particular; to share best practices and innovative ideas. The competition is open to women who own and/or lead microenterprises (1-9 employees; under USD $10,000 loan eligibility OR annual sales under $100,