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Estonian on-demand transport firm Bolt is set to roll out electric taxi options in SouthAfrica four months after introducing e-bike food delivery services in the country. Bolt’s plan follows the introduction of a ‘green category’ – which lets riders hail an electric or a hybrid vehicle.
SouthAfrica Giving 2019 :: Download Published by the Charities Aid Foundation 19. Participants will learn how to create and maintain a content strategy, current best practices for the top-performing social media sites, and how to be an early adopter of emerging social media trends.
For Nonprofits in Africa: 1. SouthAfrica Giving 2019 :: Download. Participants will learn how to create and maintain a content strategy, current best practices for the top-performing social media sites, and how to be an early adopter of emerging social media trends. Published by Imagine Canada.
In SouthAfrica, these businesses contribute around one-third of the country’s GDP. Since launching in 2013, South African fintech Yoco has positioned itself as the go-to platform to access offline payments among merchants in the country. SouthAfrica’s Yoco raises $16 million to boost digital services to small businesses.
Serunjogi founded Chipper Cash with Maijid Moujaled in 2018 to offer a no-fee peer-to-peer cross-border payment service in Africa via its app. Its services are used across seven African countries — Ghana, Uganda, Nigeria, Tanzania, Rwanda, SouthAfrica and Kenya. But Bankman-Fried maintains there is yet more room for adoption.
Finclusion’s debt financing, which makes up the larger share of the overall round, was provided by local currency funds in Eswatini and SouthAfrica. The fintech intends to grow existing operations in SouthAfrica, Eswatini, Kenya, Namibia and Tanzania and expand into Mozambique and Uganda.
This looks like a fascinating event to take place in SouthAfrica this October: The International Conference on Knowledge Economy. The other topic that strikes me is 'Developing Knowledge Management Expertise in Third World Countries.' Lots to learn here!
As businesses reopened globally and the pandemic drove people to adopt new habits in e-commerce, work, spending money, online delivery, and learning, venture capital into various industries was poised to increase immensely, and Africa would not be exempt. While it’s less than what Nigeria and SouthAfrica raised at over $1.4
According to a 2019 report by Deloitte , about 80% of South Africans have a bank account but only 24% of them make more than three transactions monthly. Unlike other African countries, SouthAfrica also has a functioning credit system with the prevalent use of credit cards. for every successful transaction made via Ozow.
Insurance lags behind other financial services in the adoption of digital technologies. In Africa, one startup is carving a niche for itself. The company, based in SouthAfrica, has raised $3 million in seed funding to scale outside Africa and build the infrastructure for the digital insurance economy.
The general perception of insurance on the continent has been bland for years, and its penetration rate, except SouthAfrica, is subpar. Per a McKinsey study in 2018, Africa’s insurance market stood at a 3% penetration rate; with SouthAfrica excluded, it was 1.12%.
The SouthAfrica-based company, which currently has a team of 37 people across 18 countries, wants to use this additional capital to scale interactive content across Africa. Over time, it switched to a hybrid model, adopting a publishing role and handling distribution, marketing and operations.
Paddy Partridge, Africa regional director, Bolt Ride Hailing. Partridge said that Bolt already has vehicle-financing partnerships with banks in markets like Kenya, Nigeria and SouthAfrica, and its planning to form additional collaborations, and explore the expansion of the current ones to reach more markets and drivers.
It is also poised for greater growth as the adoption of lending, digital payments, banking and insurance services grows. . The continent is already a global leader in mobile money adoption, accounting for the bulk of the mobile money transactions made in 2020 – a year that saw the number of mobile money accounts rise by 43%.
In a past interview with TechCrunch, Jumia attributed the shift in shopping habits to the stay-at-home restrictions that fueled the need for online shopping as well as the youthful population that is quick to adopt new trends and the increasing smartphone and internet penetration across the continent.
JUMO , a SouthAfrica- and London-based company that offers financial services to entrepreneurs and businesses in emerging markets, has raised $120 million in a new round of funding led by Fidelity Management & Research Company. Rising African venture investment powers fintech, clean tech bets in 2020.
Pngme’s platform caters to fintechs and other financial institutions across sub-Saharan Africa. When the founders, Brendan Playford and Cate Rung, last spoke with TechCrunch, Pngme was heading out of stealth mode in Nigeria, Kenya and SouthAfrica. But time will tell how long these products can keep being dissimilar.
The market size of Africa’s digital economy is massive and, if projections go as planned, should top $712 billion by 2050. Much of the growth so far has been concentrated in four key markets: Nigeria, SouthAfrica, Kenya and Egypt.
Kassim said the company is conducting tests with merchants in Nigeria and SouthAfrica and expects to launch both markets in the near future. . But in other markets where there is some currency fluctuation, say, in SouthAfrica, Nomod applies some FX cost. Australia and Asia.
to adopt a net zero goal back in 2019. But the funding hasnt kept pace with the needs of new firms and ideas, nor expanded beyond the four countries leading Africas startup scene, Kenya, Egypt, SouthAfrica and Nigeria.
Similar to many edtech startups, uLesson has benefited from the overnight adoption of remote education. There are placement agencies in SouthAfrica and Kenya and offline tutoring marketplaces that send people to student homes, but no clear leader from a digital curriculum perspective.
In this case, uLesson adopts a diversified method of charging schools and their stakeholders. The platform is available in other markets, such as SouthAfrica, Sierra Leone, the UK, Liberia, Gambia and the US, but Shagaya said uLesson has spread in these countries via word of mouth.
They include Algeria, Botswana, Egypt, Kenya, Lesotho, Malawi, Mauritius, Morocco, Mozambique, Senegal, Seychelles and SouthAfrica. PayPal finally arrived Africa’s most populous country in 2014 and a year later, it became the company’s second-biggest market on the continent.
Futi also remarked that the adoption from restaurants in markets where it operates (Nigeria and Kenya) has been “very seamless,” adding that the cloud-based software doubles its growth rate every three weeks.
The increasing adoption of the Unreal Engine by Chinese gaming companies, especially for major projects with significant investments and long development cycles, makes the stability of technical support from Epic Games crucial for Chinese developers. Therefore, directors cannot serve on the boards of both companies at the same time.
million pre-seed funding to scale its operations within Africa; one of the fastest-growing mobile phone market in the world. The Venture Catalysts, V&R Africa, Grenfell holdings, and SOSV, participated in the round, as did family offices and angel investors from Kenya, Nigeria, SouthAfrica and India.
Qwili , a startup that provides a hybrid sales product to micro and small merchants in SouthAfrica, has raised $1.2 During those early stages, the phone wasn’t paying back quickly enough, and there wasn’t high enough adoption of the digital services. million in seed funding a year after closing an undisclosed pre-seed round.
A couple weeks ago, I posted about an upcoming e-waste and refurbishment standards conference in SouthAfrica that I was co-organizing. To identify industry leaders in Africa willing to be early adopters of international standards. that featured the work of the e-Waste Association of SouthAfrica (eWASA).
That’s the drive for SouthAfrica-based health tech startup HealthLeap , which focuses on a global healthcare market starting from the U.S. And with the pandemic massively accelerating healthcare professionals’ adoption rates of digital tools, HealthLeap is poised to capture a significant market share with its software.
They’re very technologically advanced, and their adoption of ecommerce is quite good. In terms of maturity within the tech ecosystem, Nigeria is probably one of the best markets in Africa, competing directly with Egypt, SouthAfrica and a couple of others,” said El-Said. It’s quite the right market.
Australia, SouthAfrica and India, with plans to add more markets next month. He added that regulations are one of the biggest obstacles to more adoption of crypto, with about 15 to 20 countries that currently tax crypto investments, and 60 to 70 that will in the future. Binocs is currently tax compliant in the U.S.,
When we surveyed NGOs and libraries around the world this year about where they are in regard to using and needing cloud based IT services, we didn’t know how far things have gone toward cloud adoption. We found that lack of knowledge is the biggest barrier to deeper cloud computing adoption. What Didn't Surprise Me.
When companies create digital payments-facing solutions for African countries outside Nigeria and SouthAfrica, building around mobile money is key. “And the way we’re looking at the continent, we’re looking at adoption rates for mobile money growing at an insane speed. It’s literally a no-brainer.
Wowzi plans to use the new investment to set up operations in Ghana, Nigeria and SouthAfrica, seeking growth opportunities beyond Kenya, Uganda and Tanzania, where it currently has a physical presence. It plans to use these new hubs to enter more countries across the continent.
His win came when the global appetite for Amapiano, a style of house music that emerged in SouthAfrica , and Afrobeats, a popular music genre that originated from Western Africa , had increased exponentially. Nestcoin raises $6.45M pre-seed to accelerate crypto and web3 adoption in Africa and frontier markets.
Additionally, AgriWebb has partnerships in Brazil and SouthAfrica, Webb said. One project is focused on improving transparency in the beef supply chain and understanding the GHG impact of different practices; the second aims to scale the adoption of practices through payments for practice changes. and the U.S.
The uptake comes as telehealth is said to bridge the healthcare access gap in Africa, the continent that suffers the highest disease burden in the world and the lowest patient-to-doctor ratio.
Futi said Orda has witnessed tremendous adoption among small restaurants in its two markets, Nigeria and Kenya, and claims the startup might have reached product-market fit already. Others include expanding its network of restaurants and continuing its pan-African expansion drive (into SouthAfrica and much later, Ivory Coast).
We also found that here are barriers to deep cloud adoption among NGOs. Our survey found that lack of knowledge is the biggest barrier to additional cloud adoption, cited by 86 percent of the global respondents. Smartphone adoption in Africa is expected to roughly double in each of the next three years.
Since then, the platform (which is open source ) has been modified for use in SouthAfrica (mapping xenophobic violence), DR Congo , Vote Report India (to monitor the recent local elections) and more. This proved to the Ushahidi team that their tool would be valuable to communities around the world.
The card payment industry, except for SouthAfrica, maybe Nigeria and a little bit in Egypt, is a developing one and while you might be able to grow a business on that, it’s almost impossible in our region [Francophone Africa].”. said the chief executive, who founded the company with Charles Talbot.
Here are some examples: 62% of global respondents cite cost as an advantage to adopting cloud computing. 49% of respondents cite cost-related issues as a barrier to adoption. 60% of respondents cite lack of knowledge as a barrier to cloud adoption. 54% of respondents cite better data security as an advantage to cloud computing.
We expect to see the insurance industry in general adopt more of the consumer friendly features that we’ve helped pioneer.” In an interview with TechCrunch, Brex co-founder and co-CEO Henrique Dubugras said that the company believes the move “will really open up TAM” for Brex since so many existing and prospective U.S.
Switzerland was the first country in the world to adopt an electronics recycling system is 1991.Things Africa is the poorest region in the world and there is comparatively little going on there in the way of dealing with e-waste, but there are actually some promising developments in Africa. or Latin America. Latin America.
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