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Africa Business General Technology 

Senegal start-up trains young coders

Video Player 00:00 00:00 Senegal’s tech scene has been slow to get off the ground due to a lack of qualified coders. But a locally-run company is trying to change that, while also helping young people find jobs. Local tech start-ups are tackling day-to-day conveniences in the capital, Dakar. Firefly, a digital advertising company, places TV screens in public buses, but has struggled to find qualified web and mobile app developers in Senegal. “They are trained in technologies we do not work with,” explains Mafal Lo, the co-founder of Firefly. “For…

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Africa Business Economy General 

Digital currency could spark African financial revolution

Cryptocurrency – or simply put, digital currency that uses cryptography as security – and blockchain, the technology it runs on, provide opportunities to reach sub-Saharan Africa’s largely unbanked population. A number that stood at 326 million adults in 2011 according to the World Bank. Currently there are many different cryptocurrencies, with Bitcoin being the most well-known. During the first half of 2017, Bitcoin’s average number of daily transactions totalled 288,953 – up 182% over the same period two years ago. Despite its growth, this number still pales in comparison to Visa’s 150…

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Silvertree Internet Holdings appoints ex Reckitt emerging markets CEO Freddy Caspers as Chairman and invests over 15M USD into Africa

CAPE TOWN, South Africa, August 7, 2017/ — Africa’s leading Internet Platform, Cape Town-based Silvertree Internet Holdings (Silvertree, www.Silvertree.holdings) has recently reached the milestone of over USD 15m (approx. ZAR 200m) channeled into African consumer-focused technology companies since inception in 2014. The portfolio has achieved an average >200% annual revenue growth, helped by fast-growing companies like car buying site carzar[dot]co[dot]za and meal-kit delivery company ucook[dot]co[dot]za. To build on this success, Silvertree is excited to announce the appointment of Freddy Caspers as non-executive Chairman of the Board. Mr. Caspers has been one…

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Africa Business Economy Featured General Technology 

PayU Nigeria Introduces a convenient payment solution for recurring bills

LAGOS, Nigeria, August , 2017/ — PayU Nigeria (www.PayU.com.ng) introduces PayU Subscription, a convenient payment method which allows merchants to safely and securely collect payments from consumers who have recurring bills or subscription payments in a seamless way. Country Manager of PayU Nigeria, Ms Juliet Nwanguma said: “PayU Subscription is an innovative product for businesses who are looking to offer subscription and recurring bill payments to their customers.” It provides customers with a simple, safe and secure alternative to regular direct debit payments. Using tokenisation as the underlying technology, PayU…

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Africa Business Economy Featured General 

Alibaba Group and Marriott International Announce Innovative Joint Venture to Redefine Travel Experience

SHANGHAI, The People’s Republic of China, August , 2017/ — Joint Venture to Create Seamless, Insight-based Travel Services, With Alibaba Serving as Gateway to More than Half a Billion Chinese Consumers Chinese Outbound Travel Set to Boom with 700 Million Trips Estimated for the Next Five Years as Consumers Seek New, Elevated Travel Experiences Alibaba Group Holding Ltd. (“Alibaba”) (NYSE: BABA) and Marriott International, Inc. (www.Marriott.com) (“Marriott International”) (NASDAQ: MAR) today announced the establishment of a joint venture to redefine the travel experience for the hundreds of millions of Chinese…

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Nigerian Professional Football League Launches New Lottery with Highest Jackpot in Africa

LONDON, United Kingdom, August 8, 2017/ — AfroMillionsLotto, a brand new lotto with a minimum jackpot close to a billion naira is to be launched in support of the Nigeria Professional Football League (NPFL) clubs by the League Management Company (LMC) in partnership with British-based Ofertas365. The lotto, due to be live later this month, has jackpots larger than every lottery in Nigeria combined, and the biggest available anywhere in Africa! All 20 NPFL clubs are to be branded with their own page on www.AfroMillionsLotto.com where people can buy tickets online for the twice-weekly…

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Africa Featured General 

Discovery Channel announces its top 10 finalists for the “Don’t Stop Wondering” Award at the Jozi Film Festival.

JOHANNESBURG, South Africa, 31 July 2017,- The search for the winner of Discovery Channel’s brand new award category at the sixth annual Jozi Film Festival has heated up. After receiving over 200 entries from across the continent, Discovery Channel is proud to announce the Top 10 finalists for the Discovery Channel ‘Don’t Stop Wondering’ Award. From today and throughout August, each film will be broadcast on Discovery Channel and it will be up to viewers to decide which film should be chosen as the overall winner. Voting closes on Monday 28 August and…

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Nigeria’s Enelamah Elected Vice Chairperson, Africa, WTO Ministerial Conference

GENEVA, Switzerland, July 31, 2017/ — Enelamah Elected Vice Chairperson, Africa, WTO Ministerial Conference: Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah, has been elected the Vice-Chairperson representing Africa, for the 11th World Trade Organisation (WTO) Ministerial Conference Nigeria’s election was decided at the meeting of the WTO General Council on July 26th. The General Council acts on behalf of the Ministerial Conference on all WTO affairs. It meets as the Dispute Settlement and Trade Policy Review Body to oversee procedures for settling disputes between members and to analyse…

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Africa to Launch Single Air Transport Market in 2018

Pretoria — An African single air transport market will be launched in January 2018, with 40 plus countries expected to be signatories by then. So far, 20 African countries out of 55 have subscribed to African single air       market. This was announced by David Kajange, the Head of the Transport and Tourism Division at the African Union (AU) on Sunday on the sidelines of the ongoing 29th AU summit, which is underway in Ethiopia’s capital, Addis Ababa. A single air transport market is one of the goals…

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Africa’s hospitality sector withstands economic headwinds

PwC’s 7th edition of the ‘Hotels Outlook: 2017-2021’ projects that South African hotel room revenue will grow by 10.1% in 2017 to R17.5 billion JOHANNESBURG, South Africa – South Africa’s hospitality sector is poised for further growth in the next five years bolstered by inbound travelers amid a difficult and volatile economic climate. Pietro Calicchio, Hospitality & Gaming Industry Leader for PwC Southern Africa (www.PwC.co.za), says: “Africa’s hotel sector has remained resilient in the face of strong economic headwinds.” PwC’s 7th edition of the ‘Hotels Outlook: 2017-2021’ projects that South…

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