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Viewpoint: Poor policy slowing Kenya’s ICT sector as neighbors take lead
Today, much of the traction witnessed in the last seven years has slowed to a crawl. Growth in Kenya’s ICT sector has petered out and the country is now struggling to attract fresh technology financing and prove its competitiveness amidst competition from new emerging markets such as Rwanda and Ethiopia. A recent report looking into startup financing in the region found that local e-health startups barely managed to take two per cent of Sh1.9 billion in funding that went to the sector in the last three years.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- public policy
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Safaricom sets up online sales portal as net profit hits $252 million
Telecommunications firm Safaricom has established an online sales platform in a move expected to roil Kenya’s fast-growing e-commerce market.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Africa’s Richest Man Aliko Dangote Pledges $100 Million To Fight Malnutrition In Nigeria
Aliko Dangote, Africa’s richest man, has pledged to invest $100 million over 5 years to tackle malnutrition in Nigeria’s worst affected regions.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
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MTN Takes on Vodacom to Become Africa’s Biggest Digital Bank
Already the continent’s biggest mobile-phone company by subscribers, Johannesburg-based MTN is adding about 500,000 active banking customers a month, Chief Executive Officer Rob Shuter, 50, said on Wednesday. About 20 million people use MTN’s mobile banking now, he said in an interview at Bloomberg’s office in the South African city.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Report: The African digital revolution is gaining pace
Consumers in Africa expect interactions with brands and businesses to be seamless, convenient and immediate and businesses across the continent are seeing the digital transformation as a way to develop new operational business models that can deliver on these demands.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Nigeria’s Bank of Industry partners Gates Foundation, CGAP on financial inclusion
The Bank of Industry (BoI), Bill and Melinda Gates Foundation and Consultative Group to Assist the Poor (CGAP) have gone into partnership to deepen financial inclusion and poverty eradication in Nigeria.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Can these ‘stovers’ finally crack the clean cooking problem?
When used with its wood fuel pellets, Inyenyeri cookstoves reduce emissions by 98 to 99 percent compared to wood or charcoal stoves, the company says, making their stoves Tier 4, the highest performing tier for indoor emissions as defined by the World Health Organization. Inyenyeri follows the “razorblade model,” a business model in which one item is sold at a low price, or even at a loss, because the profits come from the complementary products.
- Categories
- Environment
- Region
- Sub-Saharan Africa
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Tanzania: Government Unveils 10-Year National Microfinance Plan
The Vice-President noted the implementation of the National Microfinance Policy would enable the low income population which was excluded from financial services to begin benefiting from the services.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa