Tech

Tech (950)

Although they remain focused on only a few countries, Africa continues to attract investors from around the world. This is mostly thanks to the good impetus of the youth-driven tech industry in sectors such as agriculture and education. 

The LA-based VC firm Black Ostrich Ventures announced the launch of a $20-million seed capital dedicated to African businesses that operate in areas such as clean technologies, supply chains, agritech and edtech.

This vehicle, backed by New York investors and wealthy Los Angeles individuals, targets start-ups in Tanzania, Zambia, Morocco and Uganda. Ajani Windsor-Areago, the General Partner of Black Ostrich Ventures, explained that “If you look at the capital inflows into VC in Africa, the Big Four countries—Nigeria, South Africa, Egypt, and Kenya—attract all the capital. But most exits do not happen in these markets". Selected startups will receive between $50,000 and $200,000 to develop their business, with the possibility of a follow-up investment of up to $1 million if the startup reaches Series A.

Focusing outside the big four is the way for Black Ostrich Ventures and its partners to help markets that generally receive little of the tech investment inflows in Africa. Let’s note that a report issued last July 11th by the research firm Magnitt revealed that Nigeria, South Africa, Egypt, and Kenya captured 94.5% of total financing raised by African tech startups in the first half of 2023.

Samira Njoya

Posted On jeudi, 31 août 2023 17:44 Written by

The Dubai-based company said the investment will help bolster payment systems infrastructure and financial inclusion and contribute to the digital transformation undertaken by the Egyptian government.

Network International, a major player in digital commerce in the Middle East and Africa (MEA) region announced on Monday, August 28 an investment of EGP 1 billion ($32.3 million) to support Egypt's economic growth through innovative payment solutions.

According to the company's press release, a"significant portion" of the capital will be spent to buy, deploy, and maintain around 100,000 point-of-sale (POS) machines in several regions of Egypt. The rest will be devoted to the implementation and smooth operation of Network One, the company's state-of-the-art payments technology platform.

"This investment underscores our ongoing commitment to providing innovative payment solutions to Egyptian businesses. Our presence in the Egyptian economy spans more than two decades, during which we have served numerous banks and financial institutions," said Nandan Mer, CEO of Network International.

Network International's new investment in Egypt aligns with its government’s efforts to implement the country's national digital transformation strategy called "Digital Egypt 2030". The latter  aims to "realize the digital economy through ICT, to ensure prosperity, freedom, and social equity for all".

Network International's presence in Egypt will significantly contribute to financial inclusion and GDP growth. The player strives to modernize financial technology to facilitate the transition from cash to digital payments.

Samira Njoya

Posted On jeudi, 31 août 2023 17:42 Written by

The digital revolution emerges as a potent catalyst for development and progress worldwide. Nevertheless, it also unveils vulnerabilities that may present obstacles to advancement.

Last week, the cybercriminal group  Snatch claimed a cyberattack on the South African Department of Defence (DoD). The group was said to have acquired 1.6 terabytes of sensitive data including military contracts, internal call signs, and personal data including President Cyril Ramaphosa's contact number.

The declaration was qualified as "fake news" by South African National Defence Force (SANDF) spokesperson Brigadier General Andries Mahapa, on Friday 25 August. It has however raised concerns about national security and the country's digital infrastructure.

While the presidency hasn't commented on the matter, some cybersecurity experts have stressed again the need to strengthen cybersecurity protocols to protect the digital transformation of the country. This breach highlights the growing threat of cyberattacks on critical government institutions, emphasizing the importance of robust cybersecurity practices. 

In its "Global Cybersecurity Outlook 2022" report, the World Economic Forum (WEF) estimates that Ransomware attacks will be the main threat to the digital systems of organizations and administrations.

The report also points out that "Ransomware attacks saw a significant increase in the first six months of 2021, with global attack volume increasing by 151%. The United States Federal Bureau of Investigation (FBI) has warned that there are now 100 different strains of ransomware in circulation globally. It is unlikely that this issue will diminish in pace or severity any time soon."

Hikmatu Bilali

Posted On mardi, 29 août 2023 19:35 Written by

In recent years, Egypt has made major strides in its digital transformation. To further achieve these goals, the government is searching for partners with shared digital ambitions. 

Egypt's Minister of Communications and Information Technology (MCIT), Amr Talaat (photo, right), recently met his counterparts, Abdullah Al-Swaha from Saudi Arabia and Shri Ashwini Vaishnaw (photo, left) from India, to explore ways of strengthening their cooperation in the field of Information and Communication Technology.

The meetings were held on the sidelines of the G20 Ministerial Meeting on the Digital Economy, which took place on Saturday, August 19 in Bangalore, India.

According to the Saudi Press Agency (SPA), discussions between Abdullah Al-Swaha and Amr Talaat focused on strategic projects to promote youth, women, and entrepreneurship. Emphasis was placed on the importance of strengthening bilateral cooperation in critical areas such as communications infrastructure and subsea cables.

The meeting with India's Minister of Railways, Communications, Electronics, and Information Technology, Shri Ashwini Vaishnaw, focused on ways to implement the digital MoU they signed in January. They also discussed means of cooperation in the electronics industry, digital capacity building through partnerships between training institutions affiliated with the two ministries, and possible collaboration in digital infrastructure to support digital transformation.

Also in India, Amr Talaat held talks with Omar Al-Olama, UAE Minister of State for Artificial Intelligence, Digital Economy, and Telework Applications. The two ministers agreed to strengthen cooperation between the two countries in the fields of artificial intelligence and data governance.

The meetings, initiated several months ago by the Egyptian ICT Minister, are part of Egypt's Vision 2030 and its digital transformation strategy, which aim to strengthen economic and social development in all sectors and make the country a digital pole of excellence in Africa.

Samira Njoya

Posted On mardi, 22 août 2023 03:10 Written by

Kenya’s ambition is to become a digital hub in sub-Saharan Africa. To achieve that ambition, the government and its partners are implementing innovative projects to expand the country’s digital economy. 

AI tech solutions provider Webb Fontaine recently partnered with state agency Kenya Trade Network Agency (KenTrade) to introduce the Digital Logistics Market Place (DLMP) in Kenya. This platform aims to reshape logistics practices, increase trade volumes, accelerate e-commerce growth, and stimulate the development of Kenya's vast trading market.

"The DLMP is an online marketplace of trade.[...]  It offers B2B services to traders with seamless search, find, and send capabilities, fostering growth, reliability, and empowerment," said Webb Fontaine CEO Alioune Ciss.

The introduction of DLMP in Kenya comes as the East African country aims to position itself as a digital hub in sub-Saharan Africa. It is part of KenTrade's strategy to digitize business activities in the country, to increase the contribution of digital trade to the country's economy.

The DLMP brings together shipping lines, trucking companies, freight forwarders, importers, exporters, warehousing companies, and insurance providers in an integrated digital marketplace. This platform gives traders the opportunity to present their services online and compete for bids, fostering a competitive environment that stimulates efficiency and cost savings.

Through this partnership and the establishment of the DLMP, the two entities hope to capitalize on Kenya's strategic location, solid infrastructure, and diversified economy. The aim is to make the DLMP the cornerstone for the continued development of Kenya's booming commercial market.

Samira Njoya 

Posted On mardi, 22 août 2023 03:05 Written by

Africa must match its youth education to the needs of the future digital world. According to the World Bank, this shift is crucial and it will help integrate millions of people into the workforce. In several countries, there is a push toward the development of more web, digital, and computer science-focused curricula.

Ynov Campus, a Moroccan computer engineering school, has partnered with Cisco, the US tech giant. Under the agreement they both recently signed, Cisco will help bolster digital skills in Morocco.

The partnership, according to Ynov Campus’s CEO, Amine Zniber (photo, left), will offer the school’s students many opportunities.

"As one of the world's leading information and communication technology companies, Cisco plays a crucial role in digital and technological transformation on a global scale. Thanks to this partnership, Ynov Campus students will now have access to world-class training resources, internationally recognized certifications, and internship and job opportunities within Cisco's global network," Zniber told a local media outlet.

The signing reinforces the partners’ commitment to education, innovation, and youth employability in Morocco. Besides benefits for students, the deal will also provide opportunities for joint research and development as well as collaborations on innovative technological projects.

The goal is to provide young people with the necessary skills to succeed in a constantly evolving digital economy and contribute to Africa’s development. According to the World Bank, the continent will account for a third of the world's young population by 2050.

Samira Njoya

Posted On vendredi, 28 juillet 2023 11:24 Written by

Spurred by Covid and digital transformation, the postal sector has morphed in a very short period, especially looking at e-commerce’s rapid growth. To ride this tide, African countries decided to update their post systems.

China will support the digital transformation of Mauritius’ post company, Mauritius Post. A group of Chinese experts was in the African country earlier this week, July 24th, in this framework. 

China, according to the Mauritian Minister of ICT and Innovation, Darsanand Balgobin, will provide in-depth training to post office staff, equipping them with the knowledge and skills they will need to implement, locally, everything they will be taught. 

The Asian giant will also provide its technical expertise for the digitization of key postal activities to improve the postal services offered to the population. 

The collaboration aligns with Mauritius Post’s new vision, which involves introducing digital technology into its main activities and revitalizing itself through the e-post project. 

To this end, the Mauritian government has sought the expertise of several countries to help improve local postal services. The government, among others, wants parcel delivery to be faster and make postal services more efficient, by introducing digital claim services, parcel tracking, and online payments. 

Many African countries, like Mauritius, are taking steps to digitize their postal services to boost postal activity, and e-commerce, and attract big sales companies. Examples of such countries include Senegal, Congo, South Africa, and Djibouti.

Samira Njoya

Posted On vendredi, 28 juillet 2023 11:21 Written by

In 1994, Eastern and Southern African countries formed a common market, offering numerous facilities to national actors. However, various non-tariff barriers, financial barriers particularly, threaten the commercial inclusion sought.  

The Common Market for Eastern and Southern Africa (COMESA) will launch a digital payment platform by June 2024, COMESA Business Council (CBC) CEO Teddy Soobramanien (photo) announced at a press conference in Lusaka (Zambia) last Monday.  

The platform aims to facilitate online transactions and boost trade relations between countries in the region. "The project will be launched in eight countries before being rolled out to all 21 member states by June next year [...] Financial inclusion ecosystems are key to sustainable development and economic progress, particularly among small and medium-sized enterprises (SMEs), which drive innovation, job creation, and poverty reduction," said Teddy Soobramanien.

"By harnessing the power of digital technology, we can unlock the unprecedented opportunities for them, empowering them to realize their full potential and contribute to the region’s prosperity," he added.

The implementation of the digital payment platform is part of a COMESA project aimed at improving the digital financial inclusion of micro, small, and medium-sized enterprises (MSMEs) in the region. The project focuses on improving financial regulation and reducing cross-border transaction costs for MSMEs in the concerned markets. 

Once deployed, the platform will not only stimulate economic growth and financially empower the most vulnerable social categories but, it will also promote partnerships between businesses in the region.

Samira Njoya

Posted On mercredi, 26 juillet 2023 10:24 Written by

Dakar’s Cheikh Anta Diop University (UCAD) switched to online learning in mid-June. To strengthen its offering, the university is signing partnerships and multiplying efforts to meet the needs of thousands of students.

Dakar’s Cheikh Anta Diop University (UCAD) and the National Telecommunications Company of Senegal (SONATEL) signed a partnership agreement last Friday, July 14. The move is to launch the "Pass UCAD" program, whose goal is to allow UCAD’s students and teachers to access the university’s dedicated online learning platform for free.

SONATEL’s Managing Director, Sékou Dramé (picture on the right), announced the establishment of a platform that allows students to continue classes online. "From next week, it will be implemented. This platform will allow students to identify themselves and access this specific 'Pass UCAD' issued for students, which will allow them to connect to the online teaching platform set up by the university for free until October 31," he said.

A month ago, the Senegalese government decided to adopt online education in the country's public universities amidst violent protests that broke out after opposition leader Ousmane Sonko was convicted. Many universities’ facilities were destroyed during the protests; these include six UCAD faculties.

The new partnership with SONATEL will support education and promote internet access for UCAD students. It will also allow students to benefit from educational resources and online research, as well as strengthen their digital skills, and prepare them for the digital future.

Samira Njoya

Posted On mardi, 18 juillet 2023 13:19 Written by

Earlier this year, the Republic of Congo launched a project to speed up its digital transformation. In support of the move, the country’s partners have launched the "Mangwele" application designed to enhance the health information system.

On Wednesday, July 5, Congolese and Japanese authorities launched the "Mangwele" application, an SMS-based vaccination reminder system, at the Tenrikyo Integrated Health Center in Makélékélé.

The new system aims, among other things, to remind parents, particularly mothers, of their children's vaccination appointments according to the schedule of the Expanded Program on Immunization (EPI).

"Through this project, health personnel will be able to follow the status of birth registrations and track each child's vaccinations by recording this information in a national database. This system will allow for individualized monitoring and ensure that all children receive all the necessary vaccines, even if they move regions," explained Satoko Morito, the First Secretary of the Japanese Embassy in Congo, representing the ambassador.

Mangwele’s launch is part of the UNICEF’s Digital Health System Support Project which fights infectious diseases in Africa. Japan spent $3.3 million on the launch.

The Democratic Republic of Congo and Benin are the two other beneficiary countries of Japan's financing for the implementation of the digital introduction project for the fight against infectious diseases in Africa.

In the long run, the project will help improve vaccination rates across the continent but also make it easier to analyze and use real-time data, thus enabling better estimation of actual vaccination rates, including routine and COVID-19 vaccination.

Samira Njoya

Posted On mercredi, 12 juillet 2023 14:08 Written by
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