Startups

IMPACT OF INTERNET IN BUSINESS

IMPACT OF INTERNET IN BUSINESS

Business, Internet, Startups, Technology, Uncategorized
IMPACT OF THE INTERNET ON BUSINESS Worldwide INTERNET is well-established and acknowledged. Advancement in communication and information, technology has strengthened the role of the INTERNET in business. It is used to deliver customer support, share information and provide training to the employees. The INTERNET  has changed the face of business and it has opened up new avenues for conducting business. Businesses are not just using the INTERNET to host a website, they use it to scope and compare their competitors by researching new product ideas or new methods of creating products and pricing information. The Internet has helped in the communication sector whereby employees communicate through emails, instant messaging, and many others for connectivity. It plays a vital role to mak
3 simple mobile Trends Set to Dominate African  Apps

3 simple mobile Trends Set to Dominate African Apps

Business, FinTech, Mobile, social media, Startups, Technology
3 simple Trends Set to Dominate African MOBILE Apps in 2022. In 2021, the mobile industry in sub-Saharan Africa continued to show incredible resilience against the impacts of Covid-19 and experienced high growth. Digital solutions have provided instrumental support for communities and businesses, boosting their transition into adopting a mobile-first approach to tackle most of the daily challenges across the continent, with fintech applications dominating this surge. According to the Mobile Economy Report, 615 million people in Sub-Saharan Africa will subscribe to mobile services by 2025, that’s equivalent to 50% of the region’s population. As we enter into a new year, Daniel Junowicz, RVP EMEA & Strategic Projects, a leading mobile marketing analytics platform AppsFlyer, explore
Africa Tech Summit in Nairobi

Africa Tech Summit in Nairobi

Business, Internet, Startups, Technology
African Tech Connects in Nairobi African Tech Connects in Nairobi, Kenya. After three successful Summits in Kigali, the fourth edition of the Africa Tech Summit will take place in Nairobi, Kenya on February 23rd and 24th 2022. The leading African tech event will once again provide unrivalled insight, networking, and business opportunities for the African tech industry. Three Summits. The Africa Tech Summit Nairobi agenda will share insights across three tracks this year which include; The Africa Money & DeFi Summit connects African fintech leaders, global platforms and thought leaders on the new opportunities in Decentralized Finance (DeFi). An array of keynotes, panels and breakout sessions will deliver key insights and offer opportunities to connect, network and do business...
Kenya Trade Ministry partnership to bridge digital skills gap

Kenya Trade Ministry partnership to bridge digital skills gap

Business, Governance, Startups, Technology
Kenya Government has partnered with Stanbic Kenya Foundation and Microsoft Kenya to impart over 50,000 entrepreneurs with digital skills. The partnership signed between the Ministry of Industrialization, Trade and Enterprise Development and Stanbic Kenya Foundation is going to enhance the employability of MSMEs and Kenyan citizens through digital upskilling. The partnership role to address digital skills gap. It will see private sector players address a digital skills gap within the market through the rich digital learning and skilling Initiative. The programme will target individuals who have lost their jobs during the COVID-19 economic downturn. Stanbic Bank and Microsoft Kenya will roll out the programme across the various counties in Kenya with support from the Ministry an...
Stripe Acquires Paystack

Stripe Acquires Paystack

Business, FinTech, Mobile, Startups
Payment processing giant Stripe has acquired Nigerian startup Paystack in a $200M+ deal. Stripe seeks to expand into the African Market in its bigger strategy announced earlier this year to expand its API- based payment processing services to more regions.   Paystack, like Stripe offers online payment integration services using APIs to facilitate transactions. To date, Paystack has approximately 60 000 customers ranging from small businesses, fintechs to large corporations. The acquisition makes it the biggest startup acquisition in Nigeria as well Stripes biggest acquisition to date. Valued at $36 Billion, Stripe is actively expanding its global presence through acquiring smaller companies in different regions. In the last 2 years, stripe has expanded its operations t...
Fintech in Africa

Fintech in Africa

FinTech, Mobile, Startups
FinTech space is fast growing in Africa. The continent has recorded massive growth in the last decade. Currently Africa has more than 400 FinTech companies and startups of which more than 80% of them are home-grown. The industry is largely dominated by payment, lending, insurance and investments focused solutions.     The growth is attributed to mobile access and penetration in the continent and lack of financial inclusion to traditional banking leaving majority (Approximately 60%) of the African adult population unbanked.     In Kenya, M-Pesa mobile money service provided by Kenya’s biggest telecommunication company Safaricom PLC has been a massive success in providing mobile payment solutions allowing users to pay bills, send money to each ot
Africa can now predict weather related disasters

Africa can now predict weather related disasters

Internet, Startups, Technology
Most African countries have lacked good forecasting methods as weather becomes increasingly extreme A new weather forecasting system in Africa allows meteorologists to track approaching storms in real time, potentially saving lives from climate-related disasters, scientists said on Monday. The technology is already used in developed countries but was not available until recently in most of sub-Saharan Africa, according to scientists behind the project at the University of Leeds. "We had forecasting methods before but they were not as good," said David Koros, principal meteorologist at the Kenya Meteorological Department. "It's very important because we can issue information for the safety of lives, property and the environment," he told the Thomson Reuters Foundation. The new method, ...
Kenyan company, Usiku Games, has launched a video conferencing platform: Gumzo

Kenyan company, Usiku Games, has launched a video conferencing platform: Gumzo

Internet, Mobile, Startups
A Kenyan gaming company has launched a web-based video conferencing platform, Gumzo, which it describes as the first made in Africa video conferencing platform. Gumzo, which means "chatting" in Swahili, costs users $1 per week to access. How Gumzo works Gumzo has unlimited talk minutes and can accommodate an unlimited amount of users, according to Jay Shapiro, CEO of Usiku Games which created the platform. It has options of screen sharing and full-screen presentation mode, he added. Unlike many video conferencing applications, it has no app to download or extensions to configure. Its calls happen in the browser so they can work on any phone or computer with internet access. Shapiro says one of the problems Gumzo addresses is poor network quality. Most video conferencing...
The Impact of COVID-19 on SME Financing in Africa

The Impact of COVID-19 on SME Financing in Africa

Business, Internet, Startups, Technology
The world have been hit hard by the COVID-19 pandemic As the economic effects of the lock downs worldwide begin to solidify, the SME sector has been hit extremely hard by the impact of the coronavirus. As our brave healthcare workers and policy-makers around the world deal with this pandemic, SMEs in fast-growing economies are particularly vulnerable as they contend with reduced demand, disrupted supply chains and worsening lack of finance. While large businesses have debt and expenses that seal their fate, small ones lack resources to absorb even short term losses. The world needs SMEs to thrive - they account for more than half of most countries' GDP and are responsible for nearly seven in every 10 jobs. Now, more than ever, it is vital that SMEs are provided with the necessary fin...
Safaricom Smart meters are helping to track water on the internet

Safaricom Smart meters are helping to track water on the internet

Internet, Mobile, Startups
Ever got your water bill at the end of the month and you couldn’t believe how and when you spent that much money on water? Well, it looks like Safaricom has a solution to that with their new Smart Meter and Narrow Band technology. This robust IoT monitoring platform makes it possible to track real time consumption of water. Safaricom Smart Meters On a bright morning in October 2019, teams of technicians fanned out to 20 locations across Embu County to meter various consumers of one of Kenya’s most successful water utilities, Embu Water and Sanitation Company (EWASCO). The technicians had in hand a set of field network management tools to measure data access performance metrics such as connection data rate and latency on Safaricom’s newly introduced Narrow-Band (NB-IOT) network.