Sites For Business Convenience; Quick Dive Into Egypt's Startup Law

Unlike the “Big Bang Theory,” startups did not just appear in existence without an origin, in-fact every generation had businesses with the characteristics of a startup, but they were called different names. Understanding Startups/Small Business; History Way Back Then In the literal form, the term “startup” goes as far

AWS

Influx of Giant Global Data Companies in Africa Breeds Data Colonization

The data centers run by IBM, Microsoft, Amazon, and Oracle are expanding their capacity across Africa. Undoubtedly, the biggest data companies globally recognize an opportunity. African businesses are progressively switching to the cloud from their own servers, especially when international service providers, who at first did not have data centers

Currency Valuation

Kwacha Rise Yet to Spur Growth Among Zambian Startups

The Zambian government has demonstrated it possesses the political will to transform the economic fortunes of the country. While some of Africa’s heavyweights including South Africa, Nigeria, Ghana and Kenya have struggled with rising inflation, Zambia has sustained its currency growth. The Zambian kwacha is the world’s best

African creator economy

The Future of Jobs: A Glance Through The African Creator Economy

The global creator economy is estimated to be worth over $100 billion. The world population which now pegs at 8 billion has an average of 1.4 trillion or 16.72% from Africa. With these statistics, the African continent is renowned for its active youth population as well as the

Theouut Spotlights Psychx Kenyan Health-tech Passionate About Techies Mental Health

Every job comes with its own hazard, you could be a shoreside fisherman and the only hazard will be being bitten by a fish fighting for its life, yes that’s real. Other unfortunate situations could hinder one’s career progress such as an accident with a machine, saying the

Agritech

THE ROLE OF AGRITECH IN ENSURING FOOD SECURITY IN NIGERIA

With Nigeria’s population growing at a rate of 3.1% per year and expected to reach 400 million by 2050 according to UNFPA, enhanced agricultural productivity through the adoption of agritech; new technologies, and innovation is required to ensure food and nutrition security, particularly for the poor and vulnerable.

Cloud

What the Rest of Africa can Learn from South Africa’s Cloud Advancement: Regulation

According to the Rise of the Africa Cloud research by Xalam Analytics, while having 16% of the world’s population and about 5% of the global GDP, Africa only contributes less than 1% of the world’s public cloud services revenue. Less than 20% of Africa is covered by clouds,

Twiga

Twiga lays off 21% of its in-house employees, changes operations model

Kenyan B2B e-commerce agritech, Twiga has introduced an independent agent model against its trade development representatives (TDRs) of which 211 were laid off representing 21% of its over 1000 employees. With this new framework, the erstwhile company sales representatives can attend to various work offerings – enabling different streams of income.

Business

Safaricom hits over 1 million users in Ethiopia 

Telecommunications provider, Safaricom Ethiopia, a subsidiary of Safaricom has achieved a milestone of over 1 million users since its launch in the East African country in August of this year after obtaining an operating licence in July 2021 – disrupting the monopoly of Ethio Telecom. The telecom has spread its service

Microsoft Partners Planet Labs to Provide AI and Satellite Data

Planet Labs PBC and Microsoft Corp. have announced an expanded relationship to use artificial intelligence (AI) technology and satellite data to help African climate adaption programs. Planet Labs PBC is a provider of daily data and insights about Earth. The development of a related AI Innovation Council comprising regional partners

CBK

Paystack secures PSP licence from Kenya's Central Bank, announces beta launch 

Getting licensed in Kenya might have been a challenge for Nigerian startups such as Flutterwave and Chippercash but, to ease its operations in the new market and ensure its spread across different regions across Africa, Nigerian payments company, Paystack has announced it has secured a Payments Service Provider (PSP) licence

Google

Google Hosts Developers and Industry Experts to its Sandbox Program in Nairobi

Google today hosts software developers and technical industry professionals in Nairobi as part of its Sandbox program to discuss career options and share best practices. The day-long event aims to activate partnerships to deepen relationships within the local tech community and to bring first-hand Google experiences to industry talent in

announced the appointment of an Egyptian and American national

IFC Appoints Dahlia Khalifa as Regional Director for Central Africa, Liberia, Nigeria, and Sierra Leone

IFC-International Monetary Corporation, a member of the World Bank Group, announced the appointment of an Egyptian and American national, Dahlia Khalifa, as its Regional Director for Central Africa, Liberia, Nigeria, and Sierra Leone in a press release yesterday, November 16th, 2022. In her new role, Khalifa will spearhead IFC’s

SAP Partners Coursera to Empower African Developers Through SAP Build

At the SAP TechEd conference, SAP announced the debut of a new solution to propel the next wave of business transformation by using the knowledge of business users, who are the experts. SAP Build, a low-code solution that draws on the distinctive depth and breadth of the SAP Business Technology

Bolt

Bolt Nigeria Launches the First Ride-Hailing Inter-City Service, Offers 20% Discount

Bolt Nigeria, a leading ride-hailing platform, has launched the country’s first ride-hailing inter-city category to expand its comfort-focused service offering for inter-city riders. The company said in a statement released on Wednesday that the inter-city category on Bolt offers fast and convenient rides and that this service was launched

Business

Solv Kenya and Cellulant Partner to Offer MSME Payment and Collection Services

Solv Kenya, an MSMEs-focused B2B digital platform and the leading Pan-African payments provider, Cellulant have entered into a financial services partnership that will enable Solv Kenya’s expanding MSME partners to access digital payment and collections services offered by Cellulant according to a press release by the company yesterday. This

Business

Vodacom Launches International Roaming Bundles for Customers’ Connectivity

Customers of South Africa’s top network, Vodacom, who are traveling abroad for the holiday season can now reduce their international roaming expenses by utilizing the finest international roaming bundles. The 1GB and 5GB Travel Data bundles from Vodacom are now available with 7-day validity in more than 200 locations.

5G

Why Airtel’s latest bid for 5G licence was declined

On Tuesday, Airtel Africa, the parent company of Airtel Nigeria was declined access to an upfront reserve price fixed at $273.6 million — a move against the established protocol. The price which was the final amount in which MTN and Mafab Communications secured their 5G licences in December 2021 is

Africa

IFC launches $225 million fund directed towards early-stage startups in Africa, Central Asia, and Middle East

The International Finance Corporation (IFC), a global development institution and member of the World Bank Group has launched a $225 million venture capital fund to support early-stage startups in Africa, Middle East, Central Asia and Pakistan. The investment, classified into equity and ‘equity-like’ will enable tech startups to attract scalable

Artificial Intelligence

Modus expands to Africa, aims to invest $75 million in AI and Blockchain-powered startups 

AI solutions in Africa are relatively low compared to the rapid adoption of blockchain technology. According to a 2017 report by Price Waterhouse Coopers, AI is projected to contribute $15.7 million to the global economy. This is despite the fact that the sector is dominated by foreign companies in

Agritech

Stable Foods, Kenyan Agritech Startup Receives $600K to Build Integrated Solutions

Stable Foods, a Kenyan-based agritech portfolio company of Pyramidia Ventures, an agrifood-tech venture studio has today announced receiving $600, 000 in investments from Acumen Resilient Agriculture Fund (ARAF) and Mercy Corps Ventures to scale up Stable Foods’ proof of concept to 500 farmers by the end of 2023. Also, the

Africa

Leveraging Edtech to Eradicate Mass Illiteracy in Africa

According to a 2019 Statista report, approximately 34.7 percent of Sub-Saharan Africans are illiterate. The adult illiteracy rate is the percentage of people aged 15 and up who are unable to read or write. After more than sixty years of independence, such a sad reality and mass ignorance have

Business

FNB Commits $11.5M to Vumela Enterprise Development Fund for SMEs Growth

FNB this week announced an $11.5M (R200 million) investment to the Vumela Enterprise Development Fund, which was started in 2009 by FNB Commercial and Edge Growth, to help this industry even further. Between 2010 and 2021, the first three phases of the Vumela Fund invested a total of R

Tunisian Startup, Beekeeper Tech, Secures $640, 000 Seed Funding For Expansion

Tunisian tech startup, Beekeeper Tech, has revealed that it has successfully secured seed funding of Six hundred and forty thousand US dollars ($640, 000). The latest round is meant to enable the development of technical solutions that will provide beehive monitoring, tracking and breeding technologies. Beekeeper’s seed round was

What Makes a City Smart?

Smart City has become a dominant narrative for the future of cities. The Smart City concept has become a leading idea in policy planning for sustainable urban communities. The element that seems to be shared by all ideas of city smartness is the application of Information and Communication Technologies (ICT)