Against a backdrop of global economic slowdown, tourism spending continued to grow, most notably among the world’s top ten spenders. France is reported to be the strongest increase in international tourism expenditure among the world’s top ten outbound markets (+11%), while the United States (+6%) led growth in absolute terms, aided by a strong dollar. […]
Read More2019 was the best year yet for investment into the African tech startup space, with 311 companies banking a combined US$491.6 million. This is according to the annual African Tech Startups Funding Report 2019 released by startup news and research portal Disrupt Africa, which is now in its fifth year. The report, which tracks the […]
Read MoreThe Next Stage of Uganda’s Digital Economy Will Be Powered by Open Application Programming Interfaces (APIs) Today the vast majority of the applications used in Uganda are still private and the Application Programming Interfaces (APIs) are only available to third parties at exorbitant costs. While about 18 million Ugandans are now able to access services […]
Read MoreYale Africa Initiative, a long-term university wide commitment to enhance Yale’s ongoing bilateral engagement with African institutions and to bring African scholarship, research, and education is expected to be the focus as its President Peter Salovey visits Nigeria to expand partnerships. He will participate with the university’s collaborators in meetings, events, tours, and other activities […]
Read MoreStartups participating in the second season of the Facebook Accelerator Programme have recorded significant achievements, including raising over $500,000 in committed investments and grants in just three months (halfway through the programme). Within the same period, they have also made significant product pivots, sealed key partnerships and made progress towards creating unique products with world-class […]
Read MoreHome Choice, one of South Africa’s home shopping retailers and financing providers, has deployed Oracle Retail Cloud in just 12 weeks to deliver the products and offers that turn browsers into buyers. Shoppers look to Home Choice to discover name-brand furniture, electronics, and appliances at competitive prices. Offering a wide range of easy finance options, […]
Read MoreThe share price of MTN increased by 5.3 per cent to 83.67 rand on Friday following the announcement of the revocation of its $2bn tax case in Nigeria. The increase in the share price pushed the company’s market value to 158 billion rand ($11.1bn), according to Bloomberg. MTN, in a letter filed at the Nigerian […]
Read MoreNigerian startup HouseAfrica has developed Africa’s first blockchain-based land and property registry, reducing the time it takes banks, lawyers and other stakeholders to query and register land titles. Formed in May 2018 to tackle problems around land ownership that lead to duplicate land titles and illegal sales, as well as low access to mortgages, HouseAfrica […]
Read MoreThe Nigerian Communications Commission (NCC), has held talks with Swedish Government on how the country can enhance Information and Communication Technology (ICT) capacity development and broadband penetration in Nigeria. At a meeting with Prof. Umar Danbatta, the Executive Vice Chairman (EVC) of NCC, the Swedish Ambassador to ECOWAS, Ghana, Cameroon and Nigeria, Mr. Carl Grans […]
Read MoreSouth Korea’s Samsung Group, whose leader faces trials over a bribery scandal involving former president Park Geun-hye, has appointed external experts to a new oversight panel to stamp out criminal conduct, the chief of the committee said on Thursday. The move came after a judge overseeing Samsung leader Jay Y. Lee’s bribery case in October […]
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