back to top
Thursday, June 18, 2026
Home Blog Page 829

CEO Weekends: African Startups Among the top 20 Competing For Seedstars World $500,000

0

1461725_552743651478929_845045306_nSet to be held on 4th of February at CICG, Geneva, the Seedstars World is an exclusive worldwide competition for seed stage startups seeking to reward the world’s best international start-up, which will take home $500k in funding.

Targeting emerging markets and fast growing startups scenes, the competition has been across 20 countries in ten months since it was launched. The 20 local winners will compete for the grand prize in front of a large crowd of investors and entrepreneurs from all around the world.

Emerging startup scenes focus

Seedstars World focuses on fast-growing markets and emerging startup scenes because there are tremendous amounts of untapped opportunities and passionate entrepreneurs waiting to be discovered. We believe that entrepreneurs in emerging startup scenes deserve to be helped to reach their potential but unfortunately they don’t (yet) get much exposure and interest from the rest of the world.

Because Silicon Valley is not the only place in the world where talented entrepreneurs hide, we have created Seedstars World. Simply so all entrepreneurs no matter where they come from get the chance to thrive. Thus, many of the projects we’ve seen are fantastic, they have a viable business model that not only works in their local market but also may serve as a global product. Those, we believe, are the leading companies of tomorrow.

A rigorous selection process

In each 20 countries around the world, an exclusive and one-day event was organized to allow the best-in-class startups per country to pitch their ideas. Thanks to the expertise and support of local advisors and regional partners (e.g. accelerators, incubators, startup organisations, VCs, etc.) we ensured only startups with the highest potential were called to register in these invitation-only events. Based on the applications received, up to 20 startups were selected to participate in our pitching event. The startups pitched their ideas in front of a regional jury (composed of local investors, successful entrepreneurs and partners) and at the end of the day, a regional winner was selected in each country in order to compete in the final event.

Prizes

The regional winners are receiving different prizes including a 3-day bootcamp in Lausanne supported by the State Department of Canton de Vaud and hosted by EPFL and IMD. Winning entrepreneurs will also benefit of: mentorship from the best entrepreneurs and investors, coaching from experts in their field and entry into accelerator programs all around Europe.

Final event

The final event will be held at the International Conference Center of Geneva (CICG) on February the 4th, and will be hosted by the world famous LIFT Conference. Gathering investors, entrepreneurs and students from all around the world, it will be a great opportunity for all regional winners to convince the worldwide jury of the viability of their project and find investment opportunities, potential clients and media coverage.

The event tickets are available here (single tickets) or here (pack with LIFT Conference tickets).

Discover the local winners

Moscow – Wayray

WayRay is the newest multifunctional navigation system projecting Augmented Reality content right in front of the driver.

Dubai – Tourbud

TourBud is a web service for travelers, which allows you to find a person who can answer your questions.

Baku – Newo

NeWo users will be able to discover their surrounding simply by scanning items, buildings, words, locations and whatever they want with the camera and sensors of their smartphones.

Accra – Retail Tower

RetailTower, specializes in creating e-commerce marketing software that helps small and medium size online merchants promote their products and drive traffic through online shopping destination sites.

Kigali – FOYO

Application that sends daily SMS to subscribers of the composition of a balanced diet.

Lagos – SimplePay

SimplePay is Nigeria’s answer to secure online payment services.

Nairobi – Jooist

Jooist is a social gaming network for mobile phones that enables users to discover games, play with friends, compare scores and share achievements.

Capetown – Gust Pay

Gust is a quick and easy mobile payment experience that work in shops and at music events using smartphones and NFC wristbands.

Bangalore – Hacker Earth

HackerEarth provides a recruiting solution that combines an applicant tracking system with a skill assessment engine to help companies prevent wrong hires and reduce time wasted in interviews.

Bangkok – Splashpost

SplashPost helps you monetize your Facebook page by enabling you to post rich multimedia status updates right onto your fan’s news feed.

Singapore – NovaTap (dockphp)

A browser based tool to code websites Visually!

Hong Kong – Vimantra

Vimantra is a cloud video platform that brings interactive, connected and real time experiences for video broadcasting on all internet connected devices.

Beijing – JXJ Technologies

JXJ provides health service through sensor network and back stage platform, its terminal is a watch-like mobile phone with sensor embedded to monitor health condition based on China’s traditional pulse theory.

Seoul – Flitto

Flitto is an innovative crowdsourcing translation platform that gives you access to all kinds of contents in your native language.

Tokyo – Locarise

Locarise is an analytics service for bricks and mortar shops that collects anonymous Wi-Fi signals emitted by smart phones and aggregate them to deliver foot traffic metrics.

Sydney – Jayride

Jayride is the online marketplace for land passenger transport that aggregates and books transport with private suppliers. The only bookable transport data set available.

Mexico City – PingStamp

We provide a complete loyalty platform that helps small & medium merchants understand and reward customers who love their business.

Santiago – Totus Power

Schools lacking power in the 3rd world now have a battery power pack that is 10X cheaper & 6X more powerful and Totus Power is making this a reality by reusing Lithium Ion technology from electric cars.

Buenos Aires – Wideo

A “Do It Yourself” on-line tool to create animated videos and share feelings, ideas, products or knowledge with the world.

 

CEO Weekends: MTN Uganda Partners With Interswitch to Allow Mobile Money ATM Cash Withdrawals

0

MTN_Logo_onlyMTN Uganda customers will now be able to withdraw their cash via ATM after the firm partnred with Interswitch Uganda to further increase their ATM Cash out footprint across the country.

The service available across the country via all Interswitch Uganda ATM’s and users have to dial a four digit PIN *165# from their mobile phone which can then be used at any Interswitch ATM across Uganda on a 24/7 basis to access their money.

Speaking at the launch at Serena Hotel, MTN Uganda’s Chief Marketing Officer, Ernst Fonternel, underscored MTN’s mission of making the lives of its customers a whole lot brighter through convenient and cost effective solutions such as access to MTN Mobile Money through ATM platforms.

“MTN Uganda’s market leadership continues to be driven by our investment in extensive coverage coupled by superior quality on Voice and Data, while offering innovative Value Added Services and putting customers first”.

Fonternel welcomed the partnership with Interswitch:  “We are very pleased to be entering into this partnership with Interswitch which will give our customers significantly improved access to their money on a fast growing network of ATMs across Uganda.”

Interswitch Chief Executive Officer Muyiwa Asagba said, “We are delighted to be working with MTN Uganda to provide their customers with even greater access to their money via the MTN Mobile Money platform. At Interswitch we are firmly committed to rolling out our electronic payment and transactions services across Uganda. This agreement is the latest step in our mission to improve convenience, financial inclusion and encourage even faster economic growth across the continent.”

He added that the agreement forms part of Interswitch’s African expansion plans. Interswitch is committed to providing solutions that address local challenges by providing convenient and cutting-edge electronic payment and transaction services.

According to the Central Bank, Mobile Money transactions totaled Ushs 11.7 trillion in 2012, which was a 211% increase since 2011. MTN continues to lead Mobile Money in Uganda with almost 5 million registered users since their launch in 2009.

MTN Uganda has enjoyed unprecedented success since it was launched 4 years ago, now recording in excess of 25 million transactions each month.

As per the GSMA 2012 Global Mobile Money adoption survey, MTN Uganda ranks 2nd in terms of number of active Mobile Money customer accounts in the world.

CEO Weekends: Africa and Middle East Register Great Growth in Cloud Index

0

cloud-computing

Middle East and Africa will record high growth in cloud computing through to the year 2017. The growth has been predicted to be 57 percent Compounded Annual Growth Rate (CAGR), taking the lead globally.

According to Cisco, Africa and Middle East will be followed by Asia Pacific (43 percent CAGR) and Central and Eastern Europe (36 percent CAGR).

“People all over the world continue to demand the ability to access personal, business and entertainment content anywhere on any device, and each transaction in a virtualized, cloud environment can cause cascading effects on the network,” said David Meads, Cisco’s Vice President for Africa.

“Because of this continuing trend, we are seeing huge increases in the amount of cloud traffic globally within, between and beyond data centers over the next four years.”

Approximately 17 percent of data center traffic will be fueled by end users accessing clouds for web surfing, video streaming, collaboration and connected devices, all of which contribute to the Internet of Everything, which is the networked connection of people, data, process and things, the company said.

Cisco forecasts that global cloud traffic, the fastest growing component of data center traffic, is expected to grow 4.5-fold – a 35 percent combined annual growth rate (CAGR) – from 1.2 zettabytes of annual traffic in 2012 to 5.3 zettabytes by 2017.

 

UN-Habitat Partners with TomTom to Ease Urban Congestion

0

chaosTomTom has partnered with UN-Habitat, the United Nations Human Settlements Programme in a move to tackle urban congestion.

The deal will see UN-Habitat and its stakeholders around the world use TomTom’s global Traffic Index data.

“Urban areas are growing fast; they are now home to half of the world’s population and are predicted to reach 6 billion by 2050. How we plan and manage our cities in terms of basic services, mobility or connectivity is going to be essential to ensure better cities. TomTom’s data will give us vital insight, providing a more accurate analysis of urban traffic congestion. This will help policy makers and local governments develop sustainable, workable and lasting urban solutions,” said Dr. Joan Clos, United Nations Under-Secretary-General and UN-Habitat Executive Director.

Recently TomTom released the 6th edition of its Traffic Index which revealed a clear pattern of increased congestion. Commuters around the world are spending on average eight working days stuck in traffic. This shows that traditional responses like building new roads or widening existing ones are no longer an effective way of managing urban congestion.

“TomTom is committed to investing in new ideas and technologies with the aim of bringing significant benefits to drivers, businesses and society as a whole. This partnership will help urban planners and government stakeholders make more informed decisions to tackle urban congestion,” added Harold Goddijn, CEO TomTom International.

 

CEO Weekends: South Africa, iPad Air Is Now Available

0

ipad air2

 

The new iPad will go on sale in South Africa next week, starting at R5 999 for the Wi-Fi-only 16GB model.

Starting next week South Africans will have a feel of the iPad Air. The tablet will retail at a price of R5999 for the entry-level 16GB, Wi-Fi model, the company’s local distributor, Core Group.

The tablet will be in the stores by the 6th of December so South Africa; you are free to camp in the Apple stores for the Apple Air on that day.

This device will sincerely drive you crazy as it is 28 percent lighter and 20 percent thinner than the fourth generation iPad.

If you want the iPad Air Wi-Fi tablet, which come in silver or grey, this should be your budget;

  • R5 999 for the 16GB model
  • R7 399 for the 32GB model
  • R8 699 for the 64GB model
  • R9 999 for the 128GB model

For the iPad Air with Wi-Fi and cellular which is also found in the same colors will cost;

  • R7 799 for the 16GB model
  • R8 999 for the 32GB model
  • R9 999 for the 64GB model
  •  R11 499 for the 128GB model

Core Group emphasizes that resellers are responsible for setting their own retail prices and that the figures quotes are recommended prices only.

Tanzania Readies to Shut Down All Analog Signals in 2014

0

Digital Switch

Despite the controversy that surrounded the Dar es Salaam digital switch over, Tanzania is way ahead of the pack with the country ready to switch the whole country in 2014.

The Tanzania Communications Regulatory Authority (TCRA) Director General, Prof John Nkoma said that the decision will be made after accessing the first phase of the digital switch over which took place in Dar es Salaam.

In December 2012, more than 250,000 TV sets of the estimated 600,000 TV sets in Dar es Salaam were connected to digital broadcasting through satellite and cable systems.

Her neighbor Kenya is still mulling over the decision to go digital or not. The Kenyan broadcasters are fighting the December 13 switch date, saying that most viewers still don’t have the necessary technology to switch over to digital broadcasting.

The case is to be heard on December 6. The International Telecommunication Union set the global date for digital broadcasting for June 2015.

MTN Unveils eStreet Mobile Internet Cafes To Bridge Digital Divide

0

MTN

What’s your take on the Mobile internet café? Well MTN will be implementing this sooner than you expect. The telecommunication company has launched a mobile internet café that will allow its customers to connect and experience the smart life.

They call them the MTN eStreet mobile internet cafés; with these cafes subscribers will have free interactive service that will educate them about smart devices as well as give them digital connection that will make their lives brighter and bridge the digital divide.

So what is this eStreet; it is a mobile internet solution and an all-African concept consisting of a solar powered, totally secure wireless internet zone, with charging and tablet access facilities, where consumers can learn how to integrate smart technology and digital platforms into their everyday lives.

As smart devices are becoming part of our everyday lives and digital communications are becoming the norm, it is essential that consumers feel comfortable using these devices and are made aware of all the benefits, applications and digital platforms available.

“Through the MTN eStreet mobile internet café we are giving consumers the opportunity to not only experience the bold new digital world, but learn how it will benefit their lives, bridging the digital divide and connecting communities for the good of the country.

“The MTN eStreet mobile internet café will travel around the country, especially to the often forgotten communities outside the urban centres. The café will ensure that new and existing subscribers get the most out of our world-class network, smart technologies and online solutions,” says Brian Gouldie, Chief Marketing Officer at MTN.

The MTN eStreet cafe provides consistent connectivity and all time access, promoting online information sharing and connecting with the world, like searching for job opportunities, posting their CV’s online, accessing applications that will better their lives.

Huawei Commissioned to Roll out 4G Internet in Ethiopia

0

File photo of a Huawei logo seen above the company's pavilion during the CommunicAsia trade show in Singapore

Ethio Telecom has picked Chinese company, Huawei to roll out 4G high speed internet in the capital city, Addis Ababa. The commission will also include 2G and 3G internet bandwidths.

“In terms of allocation, Huawei will be responsible for the expansion of 4G in Addis Ababa, including other mobile services – the 2G, 3G, IP and the like,” Abdurahim Ahmed, Ethio Telecom’s head of communications, told Reuters.

“It is expected to benefit more than 400,000 subscribers. Within an eight-month period, the expansion project of Addis Ababa, including 4G, will be completed.”

This is part of a US$1.6 billion deal with Ethio Telecom, ZTE and Huawei. The deal will see over the telecom company expand its subscriber base to 50 million by 2015.

The country has a population of 80 million people but the government holds the monopoly on telecom services through the state owned Ethio Telecom.

Vodacom Tanzania Partners With Oilcom For Motorists to Fuel Their Vehicles & Pay Via M-Pesa

0

3670159409_1ef6f0b9d2_zOilcom, a Tanzania-based firm running over 75,000 service stations across the country has partnered with Vodacom Tanzania in a move that make payments at all its station cashless.

The deal will also see the service stations and the motorists save time  and increase their own safety without worrying about bulk cash.

“This is a great day for all of us. In a society where carrying cash in the pocket is becoming increasingly unsafe, M-Pesa has stepped to as an alternative medium,” said Salum Mwalim, Vodacom Tanzania Manager External relations,adding that, “This is the first type of partnership we have signed up today and we look forward to have even more. Vodacom sincerely thanks Oilcom for this new development and we assure customers that M-Pesa will serve them in a safe and reliable manner.”
With its over 55,000 M-Pesa agents spread across the country, the new deal gives Vodacom leverage to get more customers against its competition. The firms are also working on more ways to work together.

According to  Oilcom Managing Director, Mohamed Said Nahdi, the motorists and vehicles owners wil benefit if they make well use of the deal, “It is easier to have cash on your phone than carry cash because of safety reasons. So I call upon everyone to make well use of this new development.”

“Motorists are therefore assured of coming across one of our stations and fuel their vehicles regardless of where they are. M-Pesa will also facilitate this process, thanks to its wide network,” said Nahdi.

Nigerian Online Shoppers Smile As One More Firm Unveils Its Black Friday

0

image001Online shoppers in Nigeria will be all smiles this festive season as Jumia Nigeria unveils its Black Friday concept in the country just days after its competitor Konga.com also unveiled theirs.

The move aimed at lowering prices after thanksgiving, with up to 85% off, to its Nigerian customers, began today November 28 and runs till December 2 this year . Buyers in this season will have free shipping in Lagos and Abuja. Jumia is hopeful Nigerian shoppers will enjoy the Black Friday sales for the first time as they join the world after Thanksgiving and get ushered into the festive season.

The firm is salso promising that its Black Friday deals will run across specific general merchandize items such as mobile phones, tablets, electronics, home appliances among with discounts of up to 85% discount on items with delivery anywhere in Nigeria. For shoppers this is an opportunity for them to get items for their Christmas as early. Gift ideas for kids, men and women are also available.

Jumia has not indicated if its Kenya subsidiary will run this promotion or not.

Niger Switches Off 1.7 Million Unregistered Mobile Phone Lines

0

phone

Niger has cut off about a third of the mobile phones, with the aim of cutting down the stem of crime which is related to unregistered SIM cards.

The four mobile networks had approximately 5.4 million mobile phone lines; of which one third-1.7 million were unregistered lines.

This comes after a declaration that was made last year that the user had to register their SIM Cards; all the unregistered cards were cut off at the weekend.

Almoustapha Boubacar, director-general of the regulator, said that the unregistered SIM cards will no longer be in use and banned the sale of pre-activated SIM cards. He added that identification documents should be produced before switching on any SIM card.

The Niger , the poorest country’s porous borders of the Sahel, is regularly infiltrated by armed groups from Mali and Nigeria.

After the kidnapping of two French in 2011 in Niamey – finally killed during a rescue operation by French forces near the Mali – investigators had found chips and mobile phones for tracing a path from Niger-Mali by Nigeria, according to a police source.

Tanzania’s Nitafutie Wants to be Africa’s Craiglist Via Voice & SMS

4

Tanzania’s Nitafutie is a voice and SMS-based Craiglist with hopes to help users to buy and sell quickly  using their feature-phones via voice and SMS.

Co-founded by Sophie Gustav Mitdemhut , Nitafutie emerged the winner at the Dar es Salaam Startup Weekend and has now ben nominated to compete at the Global Startup Battle in the commerce category.

1185980_663640823661228_2109062144_nThe StartUp Battle brings together thousands of entrepreneurs from hundreds of cities to battle for innovation to win mentorship, introductions, and everything else they need to launch their startup. The $500k in prizes battle for innovation aims to give the startups bigger prizes, more exposure, and incredible opportunities.

Global Startup Battle is a global initiative organized by Startup Weekend after the Global Entrepreneurship Week. The participating  teams will go on to compete against each other in a massive online video contest for amazing prizes designed to help their startup succeed.  The teams will compete in one of the themed brackets hosted by Coca Cola, AWS, .CO, and Google for Entrepreneurs. The top 2 teams from every city will battle in Google’s Championship Bracket, while all teams will be invited to compete in any or all of the other themed brackets they qualify for!
You can vote here for Nitafutie to win.

Vodacom Group Spends $250 Million to up its Stake in Vodacom Tanzania to 82 percent

0

vodacomSouth Africa based Vodacom Group has said it will buy more local shares into Vodacom Tanzania to 82.2% from its current 65%  for about $250 million.

The cash will give it an additional 17.2% stake in the company after buying 49%  of Cavalry Holdings, a firm which owns 35% of Vodacom Tanzania. The  $250 million will be in form of cash and existing debt facilities.

Launched in the country in 1999, Vodacom Tanzania has over 10 million customers and says Tanzania is its best investment in sub-Saharan Africa.  Vodacom also has a operations in Nigeria, Mozambique, Lesotho and the Democratic Republic of Congo.

MTN partners Visa on mobile money

MTN Mobile Money users will now be able to make transactions everywhere that Visa is accepted as a result of a partnership agreement between both companies. Under the agreement, MTN customers’ devices will be able to pay using their MTN Mobile Money account in stores with Visa’s Points Of Sale (POS).

“In addition, customers will be able to make online payments at all Visa merchants and withdraw money from their MTN Mobile Money account at any Visa ATM,” MTN Group said in a statement.

Speaking on the deal, Pieter Verkade, MTN Group Chief Commercial Officer  said the network’s subscribers would have access to Visa’s network.

He said: “The partnership between MTN and Visa will provide MTN Mobile Money customers with access to the entire Visa network, which includes merchants, online vendors and ATMs, to enable a “mobile” payment experience.”

The company added that its Mobile Money customers in Ghana will be first to experience the innovative new mobile payment solution when it’s launched in that country before the end of the year.

mtnAfter Ghana, he said the service will then progressively be rolled out across the MTN footprint.

Vish Sowani, Visa’s Head of Global Mobile Network Operator Partnerships, Innovation & Strategic Partnerships Group said the company is delighted with the partnership with MTN.

“We are delighted to launch this exciting new service with MTN. This is significant as we look to extend the benefits of electronic payments to mobile money services in Africa. Visa recognises that mobile technology is the single most significant driver of financial inclusion and improving access to financial services is a critical building block to help more people improve their lives.

“We look forward to building on this broad based partnership with MTN to bring further innovative payment related products to their customers in the future,” said Sowani.

MTN Mobile Money enables users to do national and international money transfers, make utility and other service payments, purchase airtime, access insurance and financial products and make retail payments.

Beware! Unlicensed Software Users , Microsoft And KECOBO Are Hunting

1

IMG_8253

Microsoft Kenya and the Kenya Copyright Board (KECOBO) have entered into an agreement that will see the two organizations work together in a bid to fight piracy in the country.

Microsoft has also declared amnesty to enable those using unlicensed software to acquire genuine software. The amnesty will run until 15th January 2014 after which the two organizations will conduct a joint raid and arrest everyone using counterfeit software.

KECOBO Executive Director Dr. Marisella Ouma said the partnership will enable them work together to activate continuous programmes and campaigns for educating the public on the risks and penalties associated with infringement of software copyrights and trademarks.

“We want to educate Kenyans on the benefits of genuine software to businesses in terms of reliability and security as well as other associated risks for businesses and consumers when using counterfeit software,” she said.

The three year deal will see Microsoft support KECOBO to acquire the necessary skills and tools to assist in the fight against piracy and help to reduce software piracy as well as spur economic growth in Kenya.

The two organizations will also invest in training of journalists, software reseller channels and government procurement managers in order to create awareness around the effects and dangers of pirated or counterfeit software.

“Microsoft has an offer of between 10 percent to 15 percent on Windows 8, Office 2013 and Office 365 which runs until December 31st, 2013,” said Kunle Awosika, Microsoft Kenya Country Manager.

The move comes in a time when International Data Corporation (IDC) has released its 2013 research of cyber security and software piracy globally which depicts that a third of all PC software globally have pirated software.

The study also estimates direct business losses as a result of use of counterfeit software will hit $114 Billion this year and places potential losses from data breach at $350 Billion.

IBAKA TV set to debut plug and play internet TV in Nigeria

0

iBAKA TVNigeria’s online television channel, iBaka TV has expressed its readiness to debut plug and play internet TV in Nigeria. In an exclusive chat, Ola Ajibola, the company’s head of creative and digital marketing said discussions are currently underway with the company’s foreign partners.

He said: “We are at the fore front of launching the first plug and play internet TV in Nigeria. Currently we are still doing underground work with our foreign partners.”

He also revealed that the company has carried out a rebranding of its platform and is showcasing some most sought after movies produced in the Nigerian movie industry popular called Nollywood.

“We just rebranded our site and showcased nollywood most sought after movies like Last Flight To Abuja, 2 Brides And A Baby, Lekki Wives; all of which have made remarkable landmarks,” he said.

The IBAKA TV is an online television channel from the heart of Africa that showcases African contents and entertainment in all its fullness and facet. On the platform, visitors can watch their favorite stars in the latest and historic Nollywood movies; they can also watch movies produced in other African countries including Ghana. There are movies in several Nigerian languages on the platform in addition to musical videos and comedy shows.

Among its users, IBAKA TV is generally a free alternative to IROKO TV as long as users have internet access with fast speed.

EcoCash Prepares To Be A Lender By Next Year

0

 ecocash

EcoCashSave will be giving their customers a ‘banky feeling’ as form the beginning of next year, the account holders will be able to borrow money just like ordinary bank account holders; this is part of what will be called EcoCashCredit form Econet.

Econet Wireless CEO, Douglas Mboweni, confirmed that a scheme is being developed whereby people can also borrow money from EcoCash. He said the borrowing will be done through partner banks, including Steward Bank.

The CEO further said that lending was a natural next step, adding that the idea was to lend for uses such school fees, right up to housing loans.

He also confirmed that the number of bank accounts held by Steward Bank on behalf of EcoCashSave now surpassed those held by all the banks put together.

“We have more than 900,000 account holders, compared to 850,000 for all the banks,” he said.

Private Equity Africa Reports in Excess of $2billion in 2013 Reported Fund Closings

0

dividend-recap1Africa-focussed fundraisers have brought in excess of £2billion in reported closings for the period January – September 2013,  already exceeding 2012 full-year figures according to the latest figures based on data from Preqin, the alternative assets industry’s leading source of data and intelligence.

The report supplied exclusively to Private Equity Africa shows this year’s figures have been driven in part by strong closings reported by Ethos which announced its $800m fund closure at the beginning of 2013, Vital Capital which has brought in $350m for its maiden vehicle and Phatisa, which reported a $243 final close of its first fund.  A number of other smaller funds have also reached final close.

The figures only cover final closures, and exclude interim closings from some of the industry’s largest funds, including Carlyle, which has already exceeded its original target, and will touch $700m by year-end, according to Private Equity Africa research.  Figures also do not include Development Partners International, which has exceeded $400m in its first closing, and Amethis with a $290m first close during the year.

According to  Adeola Dosunmu, Head of Research at Private Equity Africa, “This year’s fundraising figures bring great warmth to the continents fundraising environment and demonstrates that improved LP sentiment for Africa is slowly translating to solid commitments. Signs of this growing sentiment were shown earlier this year when the Emerging Private Equity Association (EMPEA) placed Sub-Saharan Africa in its top tier for emerging markets, displacing traditional BRIC markets.”

Gail Mwamba, Managing Editor of Private Equity Africa said “Improved LP sentiment has also underpinned the launch of Abraaj’s $800 million Africa-focused vehicle which is twice the size of its predecessor. Expectations are that 2014 will be an even more positive year, with expected final closes from groups such as Carlyle.”

The fundraising figures published today coincide with Private Equity Africa’s maiden fundraising forum; to be hosted in London today. The first of its kind for the industry, the event aims help first time managers execute a successful fundraising strategy for Africa-focused funds.

 

MTN Scoops The Ghana ICT Company Of The Year award

0
Miss Efua Falconer, MTN's Corporate Communications Manager receiving the award on behalf of MTN
Miss Efua Falconer, MTN’s Corporate Communications Manager receiving the award for MTN

 

Apart from being the leading telecommunications newok in Ghana, MTN has added prestige to its name as it was pronounced as the Information Communication Technology (ICT) Company of the Year at the recently held Association of Ghana Industries (AGI) Awards ceremony.

The AGI Awards is a national event in Ghana that is designed to acknowledge industries that have distinguished themselves in their respective sectors as well as provide a platform to help define the highest standards of excellence in business.

Receiving the award on behalf of the organization, Miss Efua Falconer, the Corporate Communications Manager of MTN, thanked the organizers of the awards as well as the members of AGI for their recognition of MTN’s leading role in the ICT industry.

“MTN will continue in its quest to use the latest in ICT solutions in achieving its vision of leading the delivery of bold new digital world to its subscribers,” she said.

MTN is not new to winning awards; earlier this month the MTN Foundation received recognition by the Young Professionals and Youth Coalition Initiative for its support towards youth development and empowerment, transforming raw skills into productive ventures for increased socio-economic development in the country.

Some of the initaitives that have brough the foundation in the limelight include the MTN Hitmaker Reality Show, the MTN Soccer Academy Reality Show, the MTN Apps Challenge, among others.

Other corporate organizations that were recognized at the AGI Award include: Strategic Communications Africa for Best Business Promotion and Consultancy Sector; Polytank Ghana Limited for Rubber and Plastics Sector; Japan Motors Limited for Auto mobile and Transportation Sector, among others.

Samsung’s S4 Successor Could Come Sooner Than Expected

0

Samsung-logo

For all the Samsung  Smartphone lovers, word is out that Samsung is the verge of creating the successor of the Galaxy S4 smartphone and they are not wasting time as the launch is expected to come pretty soon.

Suspected to go by the name Galaxy S5, according to some report from the South Korean news, the smartphone should be out either in February or March, which is frankly a very short time compared to the the traditional time Samsung took in succeeding the other flagship phones.

This ‘s5’(suspected name of the phone) production time is anticipated to be in January next year and will come in two forms, the metal chassis or a cheaper plastic one.

Some of the suspected specifications include; a slightly curved screen, a 16 mega-pixel camera and 3G of RAM. However, it is also expected to come with a huge 64-bit, 8-core processor, a sizeable battery, coming in with 4,000 mAh which more than double that supplied with Apple’s iPhone 5s.

Internet has contributed US$2.5bn in Egypt’s Economy

0

Internet

A new study by Mckinsey & Company has revealed that iGDP (Internet gross domestic product) has topped US$2.5 billion in Egypt.

The company went ahead to report that, “Nigeria, South Africa, Egypt and Morocco have the most diversified iGDP profiles in our sample,” greatly leaving a gaping hole in East Africa.

“Egypt stands out in terms of private investment and public expenditure in per capita terms, although there is room to increase both as a percentage of GDP,” the company added.

Private consumption of the internet took a huge chunk of the iGDP at 63 percent, while public consumption was at 18 percent only. Private investments in IT took 23 percent.

A huge number of Egyptians spend their time on social media sites, accessing emails and reading articles and publications, the study also revealed.

The study matches global standards on iGDP, with more governments and private companies embracing heavy use of ICT in their processes. Here is a chart showing Egypt’s internet growth in 2012:

Egypts internet penetration

Could Roshan Telecom Be Eyeing the East African Market?

0

Roshan

Roshan Telecom from Afghanistan could be planning to enter into the East Africa market especially in Uganda a new report has said.

PCTechMag is convinced that the Middle East Company that serves slightly over 6 million people could be planning to enter the ever competitive East Africa market.

The hint was revealed when a promotion surfaced on social media and SMS, where users are encouraged to suggest names for a new telecom operator and win prizes.

The new promotional site also gives clues that Roshan is opening up due to the fact that most entrants to the competition suggested the name Roshan.

Roshan_web_facebook

African Businesses: Structuring Your Company’s Cloud Strategy

0

cloud-computing

During a research conducted by World Wide Worx, a South African research firm, and Cisco, it was said that Nigeria and Kenya businesses would greatly benefit from cloud technology. The research shows that 80 percent of Nigerian business will be using cloud services by the year 2014 compared to Kenya at 72 percent and South Africa at 66 percent.

For most companies, adopting to cloud technologies is not an option. Their employees are already using public cloud services whether or not approved by company. This could be dangerous for any organization whether small or large, but here are ways to get ahead of the game:

1.      Get clear policy of cloud storage

Document storage for most small and medium companies has been something that has been overlooked. Most employees use cloud services such as Dropbox which could have been opened as a personal accounts by individual employees. Companies regardless of how small they are need to address the virtual document storage as soon as they can. Services like Dropbox which are public cloud can be used but measures to have private cloud should also be looked into.

2.      Streamline Document sharing

Handling company documents can also be a bone of contention. For those using Google services such as Gmail, document sharing can become quite easy. But with the great services like Google Drive, companies can forget to structure their policies on use of such services. Let it be clear that company documents can only be shared using official company emails and accounts, to be able to track company documents.

3.      Address BYOD (bring your own device) policies

Like it or not, employees will use their personal gadgets to access emails and documents when they are away from the office. As the head of your company you need to know what type of devices your employees are using to access company documents and communication. Offer them protection in terms of antivirus for their devices rather than trying to abolish the system. You can invite IT experts to give valuable talk on how to secure one’s devices.

This Investment Firm Aims To Accelerate East African ICT Development Through New Infrastructure Fund

0

 

 CONVERGENCE

 

Convergence Partners, an investment management firm focused on the telecommunications, media and technology sector in Africa, today announced the launch of the Convergence Partners Communications Infrastructure Fund (CPCIF).

This is the only infrastructure fund globally that is dedicated entirely to the ICT sector in Africa. With a first close of $145 million under management, it is one of the largest African based infrastructure funds ever raised.

Convergence Partners has invested in a number of landmark African transactions, including SEACOM, which brought cost effective broadband services to East Africa.

CPCIF, which has a targeted final close of $250 million and aims to invest in communications infrastructure & related services and technologies across sub-Saharan Africa. With a strong focus on East Africa, the organization intends to set up an East African office in this market next year.

The fund reached its first close with capital commitments from; Convergence Partners (as sponsors), the International Finance Corporation (IFC), the European Investment Bank (EIB), the Dutch Development Bank (FMO), the Development Bank of Southern Africa (DBSA) and the CDC Group (CDC).

“As specialist ICT investors and innovators, Convergence Partners is dedicated to accelerating investment capital, digital access and ICT infrastructure development on the continent,” says Andile Ngcaba, Chairman of Convergence Partners. “As a result, we focus strongly on initiatives that increase the availability of communications, broadband services and new technology offerings to African people. The launch of this Fund will enable us to achieve these objectives on a greater scale.”

Convergence Partners’ founders are seasoned pan-African private equity professionals, experienced in developing value-add investments that deliver shareholder returns whilst underpinning continental transformation. The Fund is committed to facilitating regional ICT infrastructure and integration, ultimately fostering the advancement of a sustainable and more prosperous Africa.

Some of Convergence Partners’successful investments in Kenya are: SEACOM, Dimension Data, New Dawn Satellite Co., AccessKenya, Internet Solutions, Plessey, Inala Technologies and Comsol Wirless Solutions. The firm has immediate plans to establish an office in Nairobi to oversee this and other interests currently being pursued in the region.

Airtel Kenya Re-Opens Its Revamped One-Stop Shop In Mombasa

0

airtel

The dust in Mombasa, Kenya along Moi Avenue has not yet settled as Airtel Kenya has today officially unveiled its refurbished Mombasa customer care shop in a move to offer relevant products and mobile phone solutions to its customers in the city.

The grand re-opening of this shop comes with great rebates on various devices and customers will also get access to all of Aitel’s new range of products and offers.

Speaking at the event, Airtel Kenya Managing Director Shivan Bhargava said, “We are pleased to open our upgraded Mombasa shop which is one of our largest shops in Kenya. We would like to assure our customers that they will experience consistent quality of service and a wide range of choice of communication products including handsets and devices. We remain committed to providing the most innovative, reliable and consistent quality of service to our customers in the Coast Region, backed with our strong and reliable quality network.”

Mr. Shivan Bhargava expressed the firm’s appreciation to its customers for their immense support. He went on to explain that the company is committed to bridging the digital divide with the goal of delighting its customers wherever they are in Kenya. As part of service and delivery expansion, Airtel has also opened a new shop at the Mombasa Airport and plans to open another at Nyali by mid December 2013.

The ceremony was graced by the Mombasa Governor H.E. Ali Hassan Joho who expressed his appreciation of Airtel’s commitment to the improvement of service to the residents of the city of Mombasa.

The Governor urged more companies to emulate Airtel in offering better quality services to the residents of the city of Mombasa saying that his office is ready and willing to offer the necessary support to the companies with the objective of making life better for its residents.

Fear As Israeli Cyber Intelligence Firm Starts Installing Internet Spy Facility in Nigeria

0

295123Back in April, Israel’s Elbit Systems won a $40 million contract to supply Nigeria with the Wise Intelligence Technology (WiT[TM]) System, a cyber intelligence analysis and tracker.

The system collects data from multiple sources, databases and sensors, processes it and sends it to intelligence personnel for action. Set to be installed in Abuja , Nigeria, the operation is against Chapter four, section 37 of the 1999 Constitution of Nigeria and will be like the US’s infamous Prism project that has caused a public outcry in the country and globally.

Media reports are claiming Elbit Systems, are already in the country to start the two year project set in Abuja, that will help the Nigeria  government spy on its citizens online activities, even against the suspension of the project by the National Assembly. The report also claim there are about 20 Nigerian intelligence officers receiving training in Israel on how to use the technology.

The   WiT technology will be integrated with various data sources, including Elbit Systems’ Open Source Intelligence (OSINT) solution and Elbit Systems’ PC Surveillance Systems (PSS), an advance solution for covert intelligence gathering.

Announcing in April after winning the contract, Yehuda (Udi) Vered, General Manager of Elbit Systems Land and C4I, noted: “We are proud to be selected to supply this unique system, which is already field-proven, fully operational and customizable.”

Elbit Systems is suitable for armies and critical infrastructure sites.

Econet Joins Vesta In Wind Power Project

0

Wind power

 

Econet Wireless has joined ‘Wind for Prosperity, an initiative ran by Vesta, a Danish wind energy group, to build small wind power generators across Africa.

This programme was created to provide power to people living in the rural areas as well as small unreachable towns.

“Wind-for-Prosperity is exactly the kind of ambitious and bold initiative that needs pursuing if we are to combat energy poverty. I am a firm believer that we need to think differently and be more creative with technology in order to deliver sustainable sources of power to the millions of people across the world, living beyond the reach of the grid. I am particularly interested in the potential of affordable electricity to boost agricultural productivity and create jobs. I am therefore very pleased that our energy division, which works on renewable energy solutions for Africa, is part of the consortium of investors, who are partnering with Vestas, to create Wind-for-Prosperity, to bring solutions to remote communities in several African countries,” said Strive Masiyiwa, Founder and Chairman of Econet.

So this development main aim is to generate wind energy to electricity which means there will be sufficient electricity for communities lighting requirements, the pumping of water and also small cottage industries.

Wind for Prosperity, has already completed the first round of financing for its first project which will roll out 13 wind generators in Kenya supplying power to more than 250,000 people.

“This technology is remarkable and will enable us to meet the electricity needs of millions of people across Africa, in a cost-effective and highly flexible way. Econet is already an active player in providing power solutions, using solar power, and sees the use of wind as a natural and complimentary extension to its current work. We at Econet are committed to not only finding solutions for the problems facing people in Africa, but we are committed to renewable solutions,” continued  Masiyiwa.

Eskimi Launches App on Nokia Store With New Friend Matching Functionality

0

eskimiMobile social network with over 14 million members Eskimi, has launched its app for Nokia Asha devices in a move to make the service available to many users.

Available for free at on the Nokia Store, the new application will also have an Eskimi Ask function to allow users to communicate to each other through questions just like on its other platforms.

Speaking about the launch, Mr. Vytas Paukstys, Eskimi CEO said,“Our new Nokia application is also a part of our strategy to offer affordable social media services to users in Africa. They will not only have more fun with the new NOKIA app, but will also save data costs. As part of the same strategy, ESKIMI has also recently partnered with MTN in Nigeria to launch a data bundle that allows users to browse Eskimi cheaper”

Coming with an improved instant chat experience and new friend matching functionality, the app aims at making it easier to connect with friends every day and also constantly find new friends to have fun said Mr. Povilas Skrebutenas, Head of Product from Eskimi.

Mr. Emmanuel Oluwatosin, Partner Manager, Nokia West and Central Africa, says: “It’s great to have Eskimi on board of Nokia store. Eskimi has taken Nigerian market by storm and we want our customers to have all the local and relevant content through the application store. Exclusively on the new Nokia app, new Eskimi users who will start to use the app, will get Eskimi coins as a gift from Nokia”..

Samsung Unveils Digital Billboards for Kenya@50 Celebrations

0

Samsung Electronics East Africa and the Kenya@50 Secretariat will erect a LED Digital screen at KICC and digital billboards across the country to mark Kenya’s 50-year celebrations.

The billboard at the Kenyatta International Conference Centre will promote the monumental building as the regional premier meeting centre and will also showcase the county’s culture, the people and businesses.

According to Sports, Culture and Arts Cabinet Secretary, Dr. Hassan Wario, “Every sector in Kenya has a unique story to tell, and that fits into the country’s 50th anniversary. This is a great opportunity for citizens, private sector, investors, the tourism industry among others, to come together to make an indelible mark in the Kenyan story.”

The first in the region, Samsung says the billboards are based on its Digital Signage Display technology, that has made it the market leader in display technology providing LED-backlit panels that are renowned for their sharp text, rich colour and reliable performance.

The launch of the Digital billboards for Kenya@50 celebrations comes at a time when the country is gearing up for the digital migration switch set for mid-December, which will see Kenyan embracing the digital broadcasting technology for the Televisions sets.

“We’re extremely excited about the launch because as a brand, all our television sets are digitally complaint thus our customers will not miss the action during the celebrations. We believe that this partnership will go a long way in ensuring that the milestones of this great nation are beamed to the whole country,”  said Samsung Electronics East Africa Chief Operating Officer, Mr. Robert Ngeru.

Apart from celebrating 50 years as a nation, the Kenya @50 steering committee has lined up a series of initiatives, which will involve social and economic activities across the country with long-term positive impact.

LG Launches World’s First Curved OLED TV In Kenya

0

oled tv

 

East Africa, prepare yourself for the LG OLED TV, as the company is planning to grow the premium TV segment market share by this top notch TV not minding  that Africa is still obsessed by Smartphones and tablets.

Josep Kim, the LG East Africa Managing Director said though changes in consumer trends and the market landscape are extremely difficult to predict and can have major consequences on the electronics business, the company would attempt to stay ahead of the game by introducing an unbeatable range of premium products and by expanding the overall diversity of its TV lineup.

The 55 inch OLED TV was launched in the Kenyan market and costs about Ksh.1.2 million. The TV can only be found at HotPoint Appliances, Sarit Center, Nairobi.

“It’s possible to make OLED TVs considerably thinner and lighter than LCD TVs because OLED has a simple structure and requires no additional illuminant,” said the Managing Director. “If yield rates continue to rise, OLED TVs will quickly replace LCD TVs in living rooms around the world. OLED TVs are already better than LCD TVs in terms of picture quality and will soon be more cost effective to produce as well”.

So what’s so good about this TV

The Curved screen allows viewers to enjoy same quality of excellent picture quality in both 2D and 3D images at any angle.

With the aid of LG’s WRGB OLED technology, the 55EA9800 features infinite contrast ratio with deeper blacks and brighter whites than a conventional RGB display. The screen delivers incredible color accuracy regardless of ambient light or viewing angle.

The Curved OLED TV’s design of the 55EA9800 features the almost transparent Crystal Stand, is as thin as 0.17 inches and weighs only 17kg.

The LG’s forward-facing Clear Speakers are unremarkably incorporated into the Crystal Stand to deliver flawless audio with remarkable fidelity in the mid- to high-frequency ranges.

It is the first ever wall mountable OLED TV