The ongoing digital transformation has shown its potential to accelerate development across Africa. Recognizing that potential, most countries on the continent are embracing it to speed up the achievement of development goals.

Kenya has joined the Pan African Payments and Settlement System (PAPSS), Trade Cabinet Secretary Moses Kuria announced on X (formerly Twitter) on September 29.

According to the government official, the "Central Bank of Kenya has signed the instruments that have finally seen Kenya join the Pan African Payments and Settlement System (PAPSS)."

Kenya's participation in PAPSS is a significant step towards promoting smoother and cost-effective intra-African trade and enhancing economic collaboration across the continent.

The move further strengthens the African Continental Free Trade Area (AfCFTA) initiative as it enables Kenyan companies to settle trade transactions with other countries in the PAPSS network using local currencies.  

PAPSS, launched in January 2022, is a digital centralized payments and settlement system designed for intra-African trade. It is headquartered in Cairo, Egypt, and is overseen by African Central Banks. With more than 25 leading banks across Africa, including Ecobank, Zenith Bank, and Stanbic, connected to it, the system simplifies payment transactions. It enables companies to settle trade transactions in their local currencies, helping save on foreign exchange costs and the liquidity challenges companies would have faced if they were to rely on non-African correspondent banks for trade settlement.

The introduction of this system will help African nations save close to $5 billion annually in trade transaction costs.

Hikmatu Bilali

Posted On lundi, 02 octobre 2023 15:05 Written by

Thanks to the regional fiber loop it is building by interconnecting with its neighbors, Tanzania aims to form a large regional loop that will enable it to offer its population high-quality, affordable, and ultra-high-speed connectivity.

Tanzania will connect Uganda to its National Fibre Optic Cable network named National ICT Broadband Backbone (NICTBB). This is one of the terms of a memorandum of understanding signed between Tanzania Telecommunications Corporation (TTCL) and the National Information Technology Authority Uganda (NITA-U) on Friday, September 29, to strengthen the ICT cooperation between the two countries.

The 15-year agreement will be implemented by NITA-U and TTCL, costing $28.8 million.

"ICT connections with Uganda will create another connection opportunity with other countries. The government will continue investing in infrastructure management to increase productivity,” said Nape Nnauye, Tanzania's ICT Minister, adding that the agreement offers an important opportunity to establish a connection between the Democratic Republic of Congo (DRC) and South Sudan in the coming months.

This ICT partnership between Tanzania and Uganda is the result of Tanzanian President Samia Suluhu Hassan's visit to Uganda in May 2022. During that visit, she agreed with her Ugandan counterpart Yoweri Museveni to integrate the two countries' ICT backbones for improved internet services.  

According to Chris Baryomunsi, Uganda's Minister of ICT and National Orientation, the MoU will transform people's lives by providing them with opportunities. It will also stimulate economic growth in both countries through the use of ICT.

Tanzania's fiber optic link with Uganda will follow that currently underway with Malawi. Earlier this month, Tanzania signed an agreement with Malawian authorities to extend its national fiber optic infrastructure to the border town of Kasumulo. Once the interconnection is complete, Uganda will join the list of countries with which Tanzania shares an interconnection. These include Burundi, Kenya, Mozambique, and Rwanda.

Samira Njoya

Posted On lundi, 02 octobre 2023 14:15 Written by

French telecommunications group Orange is stepping up its investments to facilitate digital transformation in its operating countries. The lab inaugurated is its third in Africa and the 19th worldwide. 

Orange, a French telecoms group operating in 16 African countries, inaugurated its 5G lab in Antananarivo, Madagascar, last Thursday, September 28. The lab was inaugurated during a trade fair organized to showcase the 5G internet speed. It enables various players in the technology sector to discover 5G, demonstrate its use cases, and assess the potential of 5G in their products and services.  

"This fair marks the launch in Madagascar of an Orange 5G Lab, which is based at the Orange Digital Center Madagascar premises in Ankorondrano. The Orange 5G Lab Madagascar program aims to help digital and economic players better understand the opportunities, value, and usefulness of 5G," Orange indicates in a press release. 

5G offers higher upload and download speeds and more consistent connections, revolutionizing the technology sector in many ways. With its labs and similar investments, Orange is increasingly establishing itself as a key player in the acceleration of digital transformation in Europe, Asia, and Africa. The Antananarivo-based Orange 5G Lab is the third it inaugurated in Africa. In June and September 2022, it respectively inaugurated Orange 5G Labs in Dakar (Senegal) and Abidjan (Côte d'Ivoire). 

Adoni Conrad Quenum

Posted On lundi, 02 octobre 2023 13:25 Written by

His entrepreneurial career is a testament to his commitment to social innovation.  His achievements have been recognized nationally and internationally, making him a leading figure in the field of social entrepreneurship.

Kelvin Ogholi (photo) is the CEO and one of the co-founders of Cotrust Equity, a finance and credit company that offers unique credit plans to small and medium-sized businesses (both banked and unbanked) in the rural and peri-urban areas of Nigeria, and sub-Saharan Africa in general. 

Born in Nigeria, he began his academic career at Abia State University, graduating with a Bachelor’s in statistics, in 2012. Between 2015 and 2016, he trained in social entrepreneurship and community development at Cambridge University, England.

The social entrepreneur co-founded Cotrust Equity, in 2021, with his partners Alero Sandra and James Okeiyi. Through that credit company, he assesses customers' creditworthiness and offers credit solutions tailored to clients’ needs and culture. Cotrust Equity aims to give over 40 million African businesses the financial means to develop their activities.

Before Cotrust Equity, Kelvin Ogholi co-founded AgroVie, serving as its CEO from 2017 to 2018 and as a non-executive board member for the following three years. AgroVie is a social enterprise that recycles food waste from breweries, catering organizations, and farms into low-cost animal feed and bio-fertilizers. 

He is recognized as an influential and innovative young leader on the African continent. In 2015, he was one of the winners of the Queens Young Leaders Award, making him one of the young visionaries impacting life in Commonwealth countries. In 2020, his company AgroVie was one of the seven finalists of the Elevator Pitch Contest organized by UNITLIFE and Sight and Life.

Melchior Koba

Posted On lundi, 02 octobre 2023 13:10 Written by

Pan-African firm Cassava Technologies announced on Thursday, September 28 its partnership with Atlas AI, a US platform using artificial intelligence to analyze data. "AI and data analytics are a core part of our digital transformation journey across all Cassava Technologies business units. Our clients across Africa will benefit from access to quality data and analytics that will help them better serve their customers," said Hardy Pemhiwa (photo, right) president and CEO of Cassava Technologies Group.

Posted On vendredi, 29 septembre 2023 17:46 Written by

The healthtech startup is taking that difficult decision four years after its creation with some $45 million in funding attracted and numerous strategic partnerships. 

For several days now, startup 54gene's website has been inaccessible. According to sources close to the company quoted by Nigerian media outlet Techcabal, the company is winding down operations. The process, initiated in July 2023, was prompted by financial challenges and internal conflicts.

In early 2023, Abasi Ene-Obong, the figurehead of healthtech specializing in genomic research, tendered his resignation following accusations of financial malfeasance. Ron Chiarello, who was appointed in March 2023 to replace him, left three months later. Last July, he said the company “could not continue to operate financially.”

Founded in 2019 by Abasi Ene-Obong, Damilola Oni, Gatumi Aliyu, and Ogochukwu Francis Osifo, 54gene had a grand ambition: to bridge the genomics research gap in Africa with the aim of discovering new healthcare solutions for the continent's populations and those of African descent. Strategic collaborations have been initiated to this end.

In May 2022, 54gene signed a memorandum of understanding with the Académie Nationale des sciences et techniques du Sénégal (ANSTS), the human genetics department of the Faculty of Medicine, Pharmacy and Odonto-stomatology at Dakar's Cheikh Anta Diop University. The aim of the collaboration was to gain a better understanding of hereditary diseases and improve medical monitoring of the Senegalese population.

SEN-GENOME, a study of the genetic heritage of populations, was scheduled to start in July 2022. It was to trace the history of Senegalese populations and identify genetic risk factors for diseases such as cancer, cardiovascular disease, certain infectious diseases, and rare genetic diseases. Initial results were expected in December 2023. 

This research will probably be concluded by the Senegalese party unless Abasi Ene-Obong, the former CEO of 54gene who had materialized this cooperation, takes it over. On September 15, on social media, he announced the launch of his new company Syndicate Bio. This company is also focused on genomic research and precision medicine.

Adoni Conrad Quenum

Posted On vendredi, 29 septembre 2023 17:11 Written by

South African fintech startup Revio announced, Tuesday (September 29), the successful completion of a $5.2 million funding round. The deal was led by QED Investors and Partech, with the participation of former fintech investors such as Speedinvest, RaliCap, and Everywhere VC. Founded in 2020 by Ruaan Botha, the fintech startup wants to use the funds to, among other things, improve its technology, broaden its offerings, and expand into new markets on the continent.

Posted On vendredi, 29 septembre 2023 17:02 Written by

With digital transformation accelerating worldwide, interest in cloud services is intensifying. Other continents have made considerable progress in that field while Africa barely accounts for 1% of the data centers installed globally.  

Chinese tech giant Huawei will invest $200 million to create Africa's first public cloud center, offering over 200 cloud services. Terry HE, President of Huawei Northern Africa (North, West, and Central Africa), made the announcement at the opening of the 8th edition of "Huawei Connect", held from September 20 to 22 in Shanghai, China.

"Every technological evolution is the result of perseverance, exploration, and investment," said Terry HE (photo), before adding that "to expedite intelligent transformation in Northern Africa, Huawei will intensify its investments in technologies, ecosystems, and talent."

The $200 million investment announced is part of the $430 million the company plans to invest in Africa over the next five years. Under that investment plan, Huawei will make a further $200 million available to support 200 local software partners and strengthen 1,300 distribution partners. The remaining $30 million will be injected to train 10,000 local developers and 100,000 digital professionals, creating a skilled workforce to drive smart transformation in the region.

This initiative is part of Huawei's new strategy to assist Africa toward a "smart, connected future". In addition to improving deployment capacity, reducing costs, and securing data storage, Huawei's public cloud will also provide services capable of supporting extensive, efficient, and high-quality digital coverage, while reducing carbon emissions.

It should be remembered that Africa's share of the cloud market is still relatively marginal compared with the global market, which reached $445 billion in 2021. According to the report "Global Cloud Computing Market (2021 to 2028)", that market will triple to $1,200 billion by 2028. To improve its share in the market, Africa needs significant investments.

Samira Njoya

Posted On vendredi, 29 septembre 2023 16:53 Written by

The startup behind the solution was primarily operational in the delivery sector. It later formed partnerships to facilitate the purchase and delivery of goods from certain retailers.  

Quench is a mobile application developed by a South African startup. It enables users to buy goods from its partners and get them delivered. The said startup was founded in 2016. Its aim is to "create a convenient shopping experience, giving [users] more time at home and less time in stores."

The mobile app is available on iOS and Android. Through the app, a user can register for an account and buy groceries and essentials, alcoholic beverages as well as food. 

To place an order, users must first enter their address by clicking on the "Account" button and then on "My Delivery Addresses". This first step is to determine whether there are delivery options for the addresses imputed by users. If there are no delivery options for the addresses imputed, users can not proceed further.

However, if there are delivery options, users can add items to their baskets, and checkout to validate orders.   When ordered products run out of stock, Quench always contacts users to inquire whether it should replace them.  

Since its launch, the Android version of its mobile application has been downloaded more than 50,000 times, according to Play Store data. It wants to become a super app, and in April 2021 it raised an undisclosed amount to kick-start this project by strengthening its partnerships and improving its technology.

Adoni Conrad Quenum

Posted On vendredi, 29 septembre 2023 16:18 Written by

IncubMe plays a key role in the advancement of innovation in Algeria and Africa as a whole.  It contributes to the creation of a dynamic, diversified, and inclusive entrepreneurial ecosystem, supporting project leaders on their entrepreneurial journey.  

IncubMe is a pan-African incubator founded, in 2018, by Algerian entrepreneurs. It supports project leaders by offering an ideal environment that helps them turn their ideas into businesses. 

The incubator offers personalized incubation services that give project owners access to advice, guidance, recommendations, and new, formative, and inspiring experiences. It offers growth and acceleration programs to boost the performance of startups and help them expand into national and regional markets.

Some of the programs it implements include the Summer Break Challenge, a competition for university clubs across the country. There's also Africa By IncubMe, a 3-6 month incubation program designed for both early-stage, advanced startups from several countries. The program offers mentoring, collaboration, and financing opportunities, as well as access to the Algerian and African markets.

IncubMe offers financing opportunities to help startups develop and scale their projects. It also has a network of investors and an investment fund dedicated to African startups.

In addition to its programs and financial support, IncubMe has developed a platform that connects startups with stakeholders in the African entrepreneurial ecosystem. It organizes events and hackathons, offering opportunities to meet, exchange, and collaborate with other entrepreneurs, innovators, experts, and industry players. The incubator regularly organizes themed events, workshops, training courses, and competitions. To date, it has supported over 42 startups and organized more than 20 events.

In 2022, the Algerian Ministry of Startups named it the best incubator nationwide.  

Melchior Koba

Posted On vendredi, 29 septembre 2023 15:06 Written by

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