Tag: africa

African Accelerators increasingly targeting niche programmes

African Accelerators increasingly targeting niche programmes

Business, Internet
Accelerator programmes in Africa are increasingly going niche, targeting specific programmes targeted at startups in spaces such as fintech and health, instead of following the more traditional 500 Startups, Y Combinator, or, in Africa, 88mph models. But why are niche programmes suddenly so in vogue on the continent? Has the landscape changed since 88mph departed the scene after programmes in Kenya, South Africa and Nigeria that had mixed success? Do we yet know the real ingredients for a successful African accelerator? Adedana Ashebir is regional manager for Africa at Village Capital, which has run a host of focused accelerators across the continent, most recently a fintech programme with PayPal. She said niche accelerators allow entrepreneurs to share best practices and lessons lea...
STEM and its Influence in Africa Students

STEM and its Influence in Africa Students

Technology, Women
The current discussion of Africa’s heralded economic growth and rise as a world power is leading to increased optimism and self-confidence on the continent. As more African students become interested in dynamic careers that require skills that apply Science Technology Engineering and Math,  African nations have begun to accept the growing STEM educational opportunities that men and women are providing in their respective nations. STEM are applied educational initiatives that have a foundation in the scientific models, but integrate hands-on learning, team work, building leadership skills and incorporate higher order and critical thinking skills. The more African’s are involved in STEM the more they can assure they will have a stake in how their nations and continent are growing and in
Technological Trends; why Africa has to move quickly

Technological Trends; why Africa has to move quickly

Internet, Mobile
The rapid growth of the African tech sector was mainly due to the expansion of mobile technology and driven entrepreneurs seeking to find answers to some of the main challenges facing the continent. In three key tech ecosystems of Kenya, Nigeria and, to a lesser extent, South Africa, innovation has been fuelled by necessity. GSMA's 2017 report into the mobile economy in Sub-Saharan Africa noted that the number of unique mobile subscribers in Sub-Saharan Africa will grow to 535 million or 50% of the population in 2020 – making it the fastest growing region in the world (in terms of mobile subscriptions) over the five-year period. However, according to recent analysis by IDC, Africa's smartphone revolution is showing signs of a slowdown, with feature phones singled out as being lar
The rise of delivery drones in Africa

The rise of delivery drones in Africa

Technology
The cutting edge of drone delivery isn't one of the usual technology hotspots, such as Singapore or the United States. The honor belongs to East Africa. Drone delivery is finally getting off the ground in Africa.  Zipline, a pioneering drone startup that began delivering blood packs to Rwanda’s remote hospitals in October 2016,  recently announced a major expansion into Tanzania. In early 2018 the company will begin flying its delivery drones to more than 1000 health care facilities around Tanzania, bringing urgently needed medicines and supplies to big hospitals and tiny rural clinics alike. This is an ambitious expansion from a company that has only been in operation a few months: At 364,900 square miles, Tanzania is roughly 35 times larger than Rwanda. Once Zipline is fully up and
Degree in Fintech Introduced in Africa

Degree in Fintech Introduced in Africa

Uncategorized
The University of Cape Town (UCT) has introduced a fintech degree, to equip students with financial technology skills to shape a sustainable career in the financial services industry. The academic institution says it is the first university on the continent to offer the degree, which is "specifically designed" to equip students with the necessary skills and knowledge to embrace the technological revolution in the financial services sector. The new degree, which is already in demand from potential students, is a Master of Data Science with a specialisation in financial technology, and will be offered for the first time in January 2018. According to Business Insider, the innovation was a result of consultations between the institution and the financial services industry experts ...