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Eight Reasons to Invest in African Tech Innovation
In Africa, the middle class is growing, populations are urbanizing, IT infrastructure is improving and cell phones and mobile payments are more widely used than in most of the world. All of this has contributed to a recent tech startup boom that has garnered growing interest from international investors. Here are eight reasons why African technological innovation is a wise investment.
- Categories
- Investing, Technology
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Omidyar Network Leads Investment in Technology that Enables Central Banks to Issue Digital Fiat Currency
Omidyar Network announced today a for-profit investment in eCurrency Mint (eCM), a Dublin-based company that has pioneered a new technology that enables central banks to issue digital fiat currency, called eCurrency. eCurrency is different from the various forms of private sector digital value available today because it is issued by a central bank and has the same legal and monetary status as notes and coins.
- Categories
- Investing, Technology
- Region
- Europe & Eurasia
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Nucleus Launches Offline Digital Cash Solution in India
Adding another tool to push the Indian economy from cash to digital, Bombay Stock Exchange-listed banking and financial solutions company Nucleus Software Exports Ltd on Wednesday launched an offline digital cash solution technology, PaySe.
- Categories
- Technology
- Region
- South Asia
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Kenyans to Trade Equities on Safaricom Mobile Phones in 2016
Safaricom Ltd., East Africa’s biggest mobile-phone operator, expects Kenyans to start trading stocks on their mobile phones early next year, using a product it developed to enable customers to buy government bonds, Chief Executive Officer Bob Collymore said.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- digital payments
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BlackBerry Mobile Payments Coming To Africa
Blackberry Ltd (NASDAQ:BBRY), the Canadian global mobile communications leader, has announced its intentions to extend its mobile payment option to Africa, starting with Nigeria, then South Africa.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments
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ANALYSIS: Bitcoin vs. M-Pesa: Digital payments innovators battle in Kenya
On 14 December, a high court in Kenya will come to a preliminary decision in a battle between Bitcoin remittance and payments company BitPesa, which is suing Safaricom, the telecom company which operates M-Pesa. Also suing is Lipisha, the payment company that gateways BitPesa and M-Pesa. There's plenty of irony to go round here. Bitcoin and M-Pesa should not be pitted against one another - both are elements of a payments revolution that is happening right now and which will be remembered as one of the great technology success stories of the 21st century.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Zimbabwe’s Econet Kick-Starts m-Commerce Platform
Econet Wireless has launched an e-commerce platform, OWNAI aimed at helping small scale and medium companies to market their products and services to mobile subscribers on its network.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Kenyan High Court Hears BitPesa Case Against Safaricom
A lawsuit filed by bitcoin payments startup BitPesa and its partner against mobile money giant Safaricom was heard in the Kenyan High Court on Tuesday.
- Categories
- Technology
- Region
- Sub-Saharan Africa