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Jambojet Launches a Price Comparison Tool for its Customers

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Screen Shot 2014-08-13 at 14.23.16Kenya’s low cost airline, Jambojet has introduced a ‘low fare finder’ tool on its website to help customers find the lowest fares on offer making it possible for travellers to see which days of the month are cheaper to travel.

The ‘low fare finder’ allows customers to see a wider range of fare options and the offer days  at a glance compared to other systems that require travelers to search each day to find this information. This gives access to wider range of cheaper fares and is time saving.

“We are glad to be the first airline in Kenya to offer this valuable functionality. This service is a demonstration of our quest to always offer easy and affordable travel options to as many Kenyans as possible,” said Jambojet Chief Executive Officer Willem Hondius.

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“In order to access the lowest airfares available, we encourage travellers to plan ahead. By organizing a trip early, one is able to take advantage of our affordable rates, which start at Ksh2950,” he added.

Jambojet pioneered the concept of a budget airline in Kenya four months ago and the service has already attracted good uptake. Jambojet fares include a 10 kilogram hand baggage allowance and the fares shown on the website are the actual fares that travellers pay.

Passengers who require additional services have the option of paying for these as indicated at the time of booking. Jambojet is the only airline in Kenya that gives travellers the freedom to manage their costs.

Last month, Jambojet was considered best low –cost carrier for the region during the World Airlines Awards and the fourth best in Africa, hot on the heels of such established players as Mango, Fastjet and Kulula.

CIO East Africa & PwC Kenya launch CIO100 Survey

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Kommunication Ultimate Limited, the publishers of CIO East Africa and PriceWaterhouseCoopers (PwC Kenya) have today launched the East African edition of the CIO100 Survey 2014, an annual survey that seeks to identify leading companies in the use technology and adoption of technology.

Now in its fourth year, CIO100 has become an acknowledged mark of excellence honoring senior IT executives who have created value for their companies through the use of IT.

“This is the only demand side survey done not just in the region but globally that looks at the use of IT in organizations and honors the people behind the successful implementations,” said Harry Hare, the Editorial Director, CIO East Africa.

Recipients of the CIO 100 Award are selected through a three-step process.

  • First, companies fill out an online application form detailing their innovative IT and business initiatives.
  • Next, a panel of external judges, led and supported by PwC Kenya (many of them former CIOs) review the applications in depth, looking for leading-edge IT practices and measurable results.
  • Finally, CIO editors and PwC Kenya review the judges’ recommendations and select the final 100 entries.

“We are very excited to be part of this process and add value to what CIO East Africa has started doing,” said Muchemi Wambugu, Partner, PwC Kenya. “We bring in an additional layer of professionalism, quality and experience in the process moving this year’s CIO100 a notch higher, where we can build from and add value to the sector.”

Winners of this year’s CIO100 will be announced in October 2014, and the symposium and award ceremony is planned for 13-14 November 2014, in Nairobi. Last year the event was held for the first time in Kigali, Rwanda and attracted more than 300 senior IT and business executives. In last year’s edition, Eng Wainaina emerged the CIO of the year, while Royal Media Services (RMS) scooped the top award.

AfricaCom 2014 Conference Takes Place in Cape Town November

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Digital music continues to be a hotbed of discussion around its potential to be a viable long-term business. Access to broadband and cheap data rates continues to drive the discussion and restrict the roll out, other self-limiting factors are also influencing the growth of a theoretically lucrative economic sector.

For this reason and more, AfricaCom’s 2014’s Digital Music conference will be taking place in Cape Town from 10-13 November this year. It will be tackling questions like: Are Network operators now music labels? Are digital music service providers the new record companies of old or are the artists themselves taking charge of their distribution and revenue earnings? Who actually controls the pie and is there enough of it to go around? And much more.

A key topic discussing ‘The role of mobile music for operators: how to increase data revenues from music?’ is certain to attract debate. Currently, operators are taking as much as 60 percent of the digital download revenue which is then still to be split between the digital music service and the artist. What’s leftover doesn’t speak to a sustainable business model. Yet, streaming and downloading is a growing phenomenon the world over.

Africa, as the hub for digital innovation, has some existing examples of how popular digital has become. In Nigeria, one digital music company has in excess of one million unique registered subscribers including the wider Diaspora looking to stay in touch with their roots, however, convincing them to buy regularly and persuading the music artists themselves of the benefits of being part of a formalized sector, remain obstacles to overcome.

With all eyes on Africa as a growing economic powerhouse, and with one the world’s largest and most established digital music offerings, Spotify, on track to enter the market before the end of 2014, is Africa finally getting its groove on?

To find out, register for AfricaCom 2014 or  comment as to who you think should ‘control’ the industry and how you see the industry shaping up.   visit: www.africa.comworldseries.com

Econet Recives $150 Million From Cairo’s African Export-Import Bank

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The African Export-Import Bank (Afreximbank) in Cairo has given a $150 million financing facility to Econet Wireless Global for expansion.

The financing facility was organized by Afreximbank, acting as global coordinator and mandated lead arranger, while Deutsche Investitions-und Entwicklungsgesellschaft mbH (DEG), acting co-arranger, mobilized funding from a pool of European development finance institutions comprising DEG, Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden N.V. and Societe De Promotion Et De Participation Pour La Cooperation Economique (PROPARCO).

African financial institutions participating in the syndication include the Southern African Trade and Development Bank and Stanbic Bank Zimbabwe Limited.

Under the terms of the syndication, Econet will use the proceeds of the facility for the expansion of new business areas, such as its mobile banking and solar energy businesses, as well as for refinancing existing debt relating to its telecommunications network infrastructure.

“The closing of this facility represents a clear demonstration of Afreximbank’s commitment to partnering with African and international financial institutions to support the growth of African multinationals,” said Jean Louis Ekra, President of Afreximbank, in an address at the close of the facility.

“Afreximbank is determined to continue to working with leading African entities, like the Econet Group, which are making great strides in connecting Africa through their innovative telecommunications solutions and, in-turn, enhancing intra-African trade, which is a cornerstone of the Bank’s mandate.”

Craig Fitzgerald, Econet Group CEO, said, “Afreximbank has again shown its leadership in enabling the expansion of African companies by leading this syndication which will provide Econet with the ability to further expand its product ranges and footprint across the African continent.”

The new syndication is part of a multi-creditor security sharing arrangement coordinated and arranged by Afreximbank, which closed in May 2012. Under the arrangement, Afreximbank, as global security agent, holds security for Econet’s various creditors, including the China Development Bank Corporation, Ericsson Credit AB and Industrial Development Corporation of South Africa.

Blue Label Increases Mobile Services

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Blue Label Telecom (BLT) is gearing to purchase just about 75 percent of Malik Investment Holdings’ shareholding in Via Media.

Via Media’s technology platform connects to all South African mobile network. It offers services which include mobile terminate and originate as well as premium-rated SMS, online billing, multimedia messaging, WAP and Web services, unstructured supplementary services data (USSD) and interactive voice response (IVR).

Via Media also offers its partners the ability to sell mobile entertainment, information and communication services to consumers through a variety of media and technology channels.

Now that BLT has access to the services offered by Via Media, it will access new channels for the distribution of both Via Media and BLT products and services.

The whole transaction cost BLT R144.3 million as an initial payment and other payments which totalled to R103,125-million if warranted profits are achieved by Via Media during a 36-month warranty period. An additional R112,5-million or part thereof will be payable if stretched targets over and above the warranted accumulated profits are achieved.

Western Union & MTN Launch Mobile Money Transfer Service in Ivory Coast

Rural-Farmers-learning-how-to-use-Mobile-Technology.-Source-Esoko-900x609International transfer service, Western Union and the MTN Group have launched a new mobile money transfer service in the Ivory Coast in a move that will see MTN Ivory Coast customers receive by mobile money any cash send to them via Western Union.

Apart from the mobile money deal, consumers can receive funds at nearly 900 Western Union Agent locations throughout the country. International money transfers for mobile pick-up via MTN Mobile Money can be initiated at westernunion, or at participating Western Union Agent locations.

The two had a similar deal in Uganda.

Khalid Fellahi, senior vice president and general manager, Western Union Digital said,“Western Union continues to expand its mobile footprint and deliver an exceptional customer experience across retail, mobile and online platforms. Furthermore, Western Union seeks to promote global economic opportunity by bridging gaps in the traditional financial services system, and strives to provide consumers with access to Western Union services any way and any time they choose.”

As of March 2014, MTN Mobile Money had more than 16 million customers in 15 countries. The service enables users to perform local and international money transfers and make utility payments and purchases. In Ivory Coast, where MTN is one of the leading operators with more than 7.5 million customers, users are now able to pay for online purchases with MTN Mobile Money.

“As an organization, MTN is committed to offering innovative services that help improve the quality of life for our customers. As a result, through this relationship, our customers in Ivory Coast will now be able to receive money from family and friends from Western Union service points around the world,” says Pieter Verkade, MTN Group Chief Commercial Officer.

 

Samsung Launches First Solar-Powered Internet School in Ghana

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The children of Dago in the Eastern Region of Ghana now have access to the internet, thanks to the newly launched Solar Powered Internet Schools.

The project, which is a result of a joint-venture between Samsung electronics and the government of Ghana through the Ministry of Education, has been made by outfitting a 40FT mobile shipping container with desks, a 65-inch electronic board, Internet-enabled solar-powered notebooks, Samsung Galaxy tablet computers and Wi-Fi cameras, children can receive a technology-rich education without travelling far. A

All these devices are optimized for use in a solar powered environment. It also has a central server, which stores the curriculum up to grade 12 for teachers and students to access and discuss. The e-board allows for cross-group collaboration across geographical boundaries. Its can concurrently run video conferencing, access the internet, and connect to the tablet computers in the container.

Managing Director in charge of Samsung West Africa, Harry Park, stated that the project is replicated in some other African countries by Samsung to help promote education in deprived communities.

The Minister in charge of education in Ghana, Prof. Naana Jane Opoku Agyemang, expressed her heartfelt appreciation to the government of the Republic of Korea and to Samsung Electronics for donating the Solar-Powered Internet School.

She noted that the government of Ghana has committed itself to transforming the Ghanaian economy into an information rich and knowledge based economy and society using the tools of ICT.

“In this regard, a comprehensive program of rapid deployment and utilisation of ICT was introduced into the educational and other sectors, with the aim of improving lives through finding answers to the many questions relating to health care, education, infrastructure, and social amenities etc which confront us as a people,” she added.

Airtel Zambia Donates Computers To school of disabled persons in Zambia

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Airtel Networks Zambia has donated computers worth of K20, 000 to St. Joseph’s School for the Deaf in Lufwanyama.

Copperbelt Province Minister said: “Airtel has for the last few years been providing support to various schools countrywide. Today we are here in Lufwanyama to witness the donation of 4 desktop computers worth K20, 000. It goes without saying that these computers will help to improve the quality of learning for the pupils.”

He said the donation was a clear testimony of Airtel’s determination to reach out to the community and render assistance where it is needed, and that the spirit of Corporate Social Responsibility should be encouraged.

The Senior Teacher of St Joseph’s School, Charles Chalata said the donation would go a long way to improve the provision of quality pupil’s learning and computer literacy.

“On behalf of St Joseph’s School, I would like to thank Airtel for this generous gesture. We have struggled with resources that can enhance the learning of the deaf pupils of St. Joseph’s School. We only hope other organizations can do more initiatives like this to assist us” he said.

Airtel Networks Zambia Plc. Distribution Manager Wyson Lungu said that the donation affirmed the entity’s commitment to work with the Government in various developmental projects across the country.

“We would like to take every opportunity to express our commitment to be a part of the growth and development of the communities in which we operate through our various Corporate Social Responsibility initiatives that focus on health, education, environment and youth empowerment,” he said.

Ethiopian Airlines Partners with Worldpay to Launch an Automated Sales & Reservation System

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10463993_653786204706093_1926177127440793403_nIn a move to streamline its business transactions and meet the needs of its global customer base, Ethiopian Airlines has partnered with payment leader Worldpay  to implement a customized payment solution for its sales channels and reservations.

The deal is expected to reduce the cost and risk associated with international payment acceptance, maximising global customer reach and help help Ethiopian Airlines to show prices in their customers’ local currency, enhancing sales conversions.

According to Nega Mekonnen, CFO Ethiopian Airlines, “It will allow us to offer our customers a wider range of payment options to suit their preferences.”

The airline commands the lion share of the pan-African passenger and cargo network operating the youngest and most modern fleet to more than 81 international destinations across five continents with its fleet of Boeing 787, Boeing 777-300ER, Boeing 777-200LR, Boeing 777-200LR Freighter and a double cabin Bombardier Q-400.

The partnership is part of Ethiopian Airlines 15-year strategic plan, Vision 2025 to offer passengers international standard product with five star service delivery. This year, Ethiopian Airlines was named Africa’s Best Business Class Airline, the Bombardier Airline Reliability Performance Award, SKYTRAX World Airline Award for Best Airline Staff Service in Africa for its outstanding customer service, and in 2013 APEX Passengers’ Choice Best Airline in Africa.

The Worldpay system is a unification of seven leading retail payment solutions and will help the firm’s acquiring, gateway, alternative payments, risk management, and mobile payments.

Mike Parkinson, VP Airlines at Worldpay said “The payments landscape can be complex, and it is important for airlines to establish a payment infrastructure that delivers a commercial advantage. Worldpay’s expertise is an important factor in helping an innovative and expansionist carrier such as Ethiopian Airlines to meet its goals.”

Organizations turn to tech to counter health problems in Kenya

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 Samsung Electronics EA VP & COO Robert Ngeru with Amref Director General Dr. Teguest Guerma during the Amref Health Africa Roundtable at Serena Hotel, Nairobi_12th Aug. 2014The health sector is getting a shot in the arm by organizations forming partnerships to deal with the recurring problems in health as well as the upcoming ones a good example being Samsung East Africa which will give healthcare providers smartphones that will boost maternal health in Kenya.

While speaking at a roundtable discussion organized by Amref Health Africa today, Samsung east Africa Chief Operations Officer Robert Ngeru said that the mobile phones will be used for tracking mother and child health while still in the womb all targeted at reducing maternal deaths.

Together with the World Health Organisation (WHO) and GSMA under the mHealth initiative, Samsung was involved in a similar initiative in other African countries  and in East Africa Kenya will be the first country in February 2015 followed by Tanzania and Rwanda.

“The smartphones will actually come at a cheaper price since they will be subsidized by WHO and Samsung. Currently, the initiative is in Nigeria and South Africa in and we plan to roll out the program next year on February across East Africa starting with Kenya Tanzania and Rwanda,” said Ngeru.

“As the region’s health systems struggle to meet basic standards of care, many experts have come to believe that system-wide barriers are preventing greater progress. A comprehensive approach is required to overcome these barriers,” said Dr. Teguest Guerma, Director General, Amref Health Africa. “We acknowledge the Government of Kenya’s commitment to healthcare, but we also recognise that it does not have enough resources to meet the country’s health needs. It is time to strengthen public-private partnerships and Amref Health Africa is seeking to successfully harness the financial and innovative resourcefulness that both the private sector and governments have to offer so as to resolve health challenges in Africa.”

Samsung In conjunction with Strathmore University is also working on a health solution called Dr. Smart, that will allow patients to collect data from patients and store in a cloud for the doctor to come and recommend the required treatment. In the beginning it will only work with private hospitals but later will include public hospitals after engaging the help Amref to give them direction.

While decrying that small income earners do not see insurance as a solution to their health problems, Britam Insurance Chief Executive Officer O Mr. Steven Wandera also outlined the Linda Jamii initiative that provides insurance to low income earners seeking medical insurance.

The initiative is a brainchild of Britam which is the underwriter, Safaricom contributes technology infrastructure and Changamka is tasked with deployment, administration and distribution of the solution.

In addition to The Ksh 12000 and Ksh. 6000 being seen as costly, the initiative has also been plagued with other challenges such as last mile connectivity being low, lack of awareness, low income levels and uncertainty of claim payments from the clients among others.

“Medical insurance is plagued by fraud, if you are going to deliver low cost insurance you have to put up mechanisms to counter fraud,” said Wandera.

Not to be left behind Equity Bank through its Equity foundation is in the process of launching a health franchise to cater to about 2.5 million people. The foundation will use mobile technology through its sister company Finserve to help in rolling put the franchise.

It will also rely on its many branches and extensive agent network to roll out the health services that will also equip doctors with needed skills to carry out a business as well as work with National health Insurance Fund , the government and other partners to ensure health for especially the low income earners. The company says its targeting at having healthy clients which ultimately ensures they stay in business.

Barclays Bank Reports 14% Growth in H1 Profit

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Barclays Bank of Kenya Managing Director Jeremy Awori addresses members of the press when the bank announced their half year financial results in the period ending June 30th 2014 on 12th August 2014.
Barclays Bank of Kenya M.D Jeremy Awori addresses members of the press when the bank announced their half year financial results in the period ending June 30th 2014 on 12th August 2014.

Barclays Bank of Kenya has today announced a profit after tax of KES 4.2 Bn in H1 profits for the period ending June 30th which represents a 14% growth compared to the same period last year.

The increase in profit margins can be attributed to a 20% growth in customer loans which rose from KES 107 Billion to KES 128 Bn.

Speaking when making the announcement, Barclays Bank of Kenya Managing Director, Mr. Jeremy Awori said, “The banking industry is currently undergoing unprecedented disruption resultant from a highly dynamic market environment. We have therefore amplified our innovations agenda and augmented it with game changing products and services such as the Salary Retrenchment Cover and the Zidisha Bonus Savings account in order to maintain our competitive edge,” he noted.

He added that, “We are implementing a three year strategy whose goal is to make Barclays one of the top 3 banks in Kenya in revenues. To achieve this, we are refocusing our efforts on key transformational projects such as the recently concluded Eurobond in order to sustain a good performance.”

“Additionally, we have set up an Investment Banking arm which will allow us to diversify into transactional services such as debt and equity capital markets as well as mergers and acquisitions,” he added.

In a bid to address the housing acquisition market, the bank is planning to set to up a Mortgage Centre as well as an Asset Finance Centre of Excellence to enable the bank to effectively meet growing demand in these two lines of business.

With the launch of the Asset Finance platform for example, Barclays envisions that it will be able to grow its market share in this line of business.

The profit results also come in the wake of board appointments made by the institution that saw three more women make it to the board bringing to the total number of women board members to five.

Online advertising on the rise across MEA

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 online-business-modelsAdvertising spending is experiencing a shift as more business in the Middle East and Africa (MEA) region adopt this form of advertising that was previously seen as a preserve of large organizations with significant resources and large addressable markets.

At the moment, consulting firm IDC is forecasting a 27% compound annual growth rate (CAGR) for spending in this area by MEA businesses between 2013 and 2018 and  the consulting firm’s latest research paper, New Media Market: Internet Advertising Spending in Middle East and Africa in 2013 and 2014–2018 Forecast, has attributed  this dynamism to rising Internet penetration and the growing economic affluence of the region’s consumer base.

Additionally, continuous developments within the Internet advertising market are driving increasing numbers of organizations to leverage low-cost options such as Google Adwords or Facebook Ads to target their customers in a more efficient manner.

These platforms are known to have wide audiences and in this regard offer a much more cost-effective entry point than traditional advertising, making them particularly relevant for emerging markets such as MEA, where burgeoning economies and concerted government initiatives are spurring a rise in the number of small and medium-sized enterprises (SMEs).

“The innovative new advertising models facilitated by rising Internet adoption are enabling organizations with limited advertising budgets to more fully participate in the advertising market,” says Sony John, program manager for telecommunications and media at IDC Middle East, Turkey, and Africa.

“In this sense, the Internet has ‘democraticized’ advertising, as it is no longer absolutely necessary for businesses to have huge funds at their disposal in order to hire expensive advertising agencies or marketing firms. And while this has inevitably resulted in some cannibalization of traditional media advertising, particularly print, the widening participation of smaller organizations in the advertising space has more than made up for it.”

The overall improvement in economic activity across most parts of MEA has meant that an increasing proportion of people are seeing their disposable incomes rise. This growing affluence is not only enabling consumers to purchase more mobile devices with Internet connections, it is also attracting more advertisers to target these consumers.

Falling data tariffs — the result of declining voice revenues and heightened competition — are also helping to accelerate Internet use on mobile devices, and crucially, the MEA region is characterized by a young demographic with an average age of 20–28 years (WHO, 2012).

This young population is driving a connected culture whereby a large proportion of the population instinctively (and increasingly) chooses to go online for their information, social networking, and entertainment needs.

According to the newly published report  advertising formats such as ‘mobile search’ and ‘mobile display’ are expected to grow the fastest between 2013 and 2018, clocking CAGRs of well over 50%.

Meanwhile, the ‘online display’ and ‘online search’ formats will continue to attract the highest levels of spending over this period. But despite this positive outlook, IDC believes there is plenty of scope for even more growth.

“There remains an overall lack of clarity among organizations around the different Internet advertising options that are available to them,” says John. “Bearing this in mind, ad publishers can help drive this growing phenomenon even further by investing more in generating awareness of the different advertising possibilities that are available online, particularly in relation to the flexible pricing and payment options that can be tailored to meet an organization’s specific budget and needs.”

New Patent Enhances Voice Over IP Operator Services

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A leading provider of communication services, Vonage Holdings Corp. has today announced the grant of two patents by the Trademark Office and the United States Patent, of which, could impact organisations and even regions that mainly rely on VoIP.

The two new patents now add up to the 49 US Patents the communication services provider that connects consumers and businesses through cloud-connected devices worldwide, has been granted. With approximately 2.5 million subscriber lines, Vonage provides a robust suite of residential and business communication solutions that offer flexibility, portability and ease-of-use for both landline and mobile phones.

Yet, VoIP which is basically Internet telephony generally provides communication services including voice, fax, SMS, voice messaging over Internet rather than via the public switched telephone network. The stages involved through VoIP telephone calls are similar to traditional digital telephony which involves signaling, channel setup, digitization of the analogue voice signals and encoding. The new patents invented by Vonage Holdings Corp. nevertheless, would create an additional VoIP possibilities.

The US Pat. No. 8,804,558 entitled “Systems and Methods for Adjusting Carrier Quality Metrics for Intrinsic Impairments” that was granted, improves the ability of VoIP operators to select from multiple telephone carriers which can terminate calls to the same telephone numbers. This invention enables a VoIP operator’s ability to identify events in which a carrier is underperforming, enabling the VoIP operator to a more efficiently deliver high voice quality to clients.

The other invention, U.S Pat. No. 8,799,993 entitled “Method and Apparatus for Configuring Communication Parameters on a Wireless Device,” issued last week, enables wireless devices to automatically configure security settings based on the specific wireless access point, such as a Wi-Fi hotspot, to which they are connected.

“Our latest patents help ensure that VoIP users receive the best call quality available and that their secure information is not compromised when using public Wi-Fi hotspots,” said Chief Legal Officer Kurt M. Rogers, “Vonage continues to focus on creating technology that enhances the communications experience, including inventions that are seamless to consumers.”

In total, Vonage has more than 240 U.S. patent applications pending, along with numerous foreign patents and pending applications in jurisdictions worldwide.

Its residential service is sold on the web and through telesales and regional and national retailers, and its business service is sold through Vonage Business Solutions telesales and channel partners.

UPDATED: Rocket Internet’s Carmudi Goes Live in Tanzania

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carmudiblackOnline car classifieds site Carmudi is now live in  Tanzania in a move that aims to make it the top classifids site for cars in emerging markets.

Carmudi is available in English and Swahili and has a 100’s of cars already and someone with close information tells TechMoran the site has a local team which has been wrking day and night to get the cars online. The site is expected to go live anytime soon in Kenya, a hugely agricultural economy and with a growing internet penetration.

Targeting people who want to sell or buy their car’s online, Carmudi takes on One Africa Media’s Cheki which launched in the country July last year and will also be competition to Cheki Kenya and Cheki Uganda.

Carmudi like its competitors will connect buyers to local Tanzanian car certified dealers, allow them to meet offline and negotiate a low price and then buy cars of whatever type. .Carmudi says it has sports cars, motorcycles, or commercial vehicles and provides detailed information about the vehicle so as buyers buy the right vehicle they are looking for.

Though Carmudi only has a few cars listed, it’s promising to offer not only a huge selection of new used cars for sale but also additional service for customers and sellers such as color, milage or condition one can navigate by city, brand or price. TechMoran will be following up on the official launch of the site.

Update: Wiliam Day MD Carmudi East Africa told us: We have about 1500 vehicles of which c.1200 are listed in the website currently. Ou main competitor is of course Cheki although we have not encountered them in Dar es Salaam. We have a team of 5 in Dar at the moment and plan to recruit further in the not distant future. We are still finalising plans for our next steps in expansion through East Africa.

 

 

 

How Vodacom LTE Expansion Will Benefit SMEs

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Entrepreneurs in African Countries like South Africa using Vodacom services are set to benefit as Vodacom Business has extended its long term evolution set to cater for small businesses with Vodacom Broadband Connect LTE.

According to Ermano Quartero Managing Executive of Products and Services at Vodacom Business, To thrive in today’s competitive environment, businesses need to be scalable, connected and responsive. “Broadband Connect LTE enables small businesses to be Ready Businesses by providing high quality broadband connectivity to increase workforce productivity, improve customer relationships and support collaboration with colleagues, suppliers and partners – the core tenets of a Ready Business,” he said.

The number of entrepreneurs and SMEs has been increasing, in many developing countries. In terms of how it would benefit entrepreneurs, the service is expected to support companies having up to four employees by providing affordable access to high speed connectivity in Johannesburg, Durban and Cape Town.

This newly improved Vodacom Broadband Connect LTE is available on various Monthly Allowance Options as either a 12-month or 24-month contract. This Broadband Connect LTE comes as a fixed wireless broadband technology designed to deliver internet access via a Wi-Fi router to personal computers, laptops, tablets and cell phones at speeds up to three times faster than 3G.

The Broadband Connect LTE small help small businesses to benefit from a much stronger and secure network that allows for greater up time, claim experts. More so, it’s advantage is that it bypasses some of the traditional issues presented by ADSL such as cable theft and signal affected by harsh weather conditions.

According to Quartero, the Broadband’s higher speeds of up to 9Mbps and lower latency would mean a more stable user experience, of which would benefit entrepreneurs in SMEs.

For SMEs, Broadband Connect LTE provides affordable internet access from which value added services, such as cloud computing, can bring real business value at an attractive price. It also provides the capability for seamless Voice over Internet Protocol (VoIP) which results in up to a 30 per cent saving on telephone calls.

Lufthansa And Tisu.com Wants Ghanaians To Save GHS 500 On Every Flight

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 Tisu.com.gh, in partnership with Lufthansa Airlines is announcing to the general public that from the 11th of August, 2014, they can purchase a coupon for GHS 50 which entitles them to a GHS 500 discount on any ticket with Lufthansa booked until 31.12.2014.

All you have to do is visit tisu.com.gh online, add the deal to your shopping cart and proceed to the online check out where you can pay online with your credit card, mobile money, bank transfer or cash on delivery.

Print and present the coupon at any Lufthansa office within Ghana or book online through lufthansa.com.gh and apply the provided coupon code.

Tisu.com.gh is Ghana’s leading e-commerce and online retail site whit a reach of 400,000 Ghanaians per week and is run but Swiss Media house Ringier Africa, which has branches in Nigeria, Kenya, Ghana, and Senegal.”

Ringier Africa purchases ZoomTanzania.com

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Ringier Africa now has the majority of stakes in Tanzania’s classified platform ZoomTanzania.com. The acquisition will give Ringer Africa access to five countries in Africa.

ZoomTanzania was founded in 2009 and has been in the fore front in classified business in the country with more than 3 million page views. It has 10 employees and is the third most visited Tanzanian website, generating reach and awareness for the country’s top brands. Ringier has acquired a 51 percent stake in the company, which will be integrated into Ringier Africa AG.

Kirk Gillis, founder and Managing Director of ZoomTanzania.com, says: “We couldn’t be more pleased. Of all the potential partners we had been in discussions with, Ringier consistently rose to the top on every metric.

“We look forward to merging our local market expertise with Ringier’s world-class technology and operational excellence. Ringier brings much to the table, and together I have no doubt we will achieve great things here in Tanzania.”

The expansion neatly dovetails with Ringier’s strategy to create a portfolio of market-leading classifieds platforms across Africa. In January 2014, Ringier acquired a majority stake in Expat-Dakar, Senegal’s largest classifieds marketplace.

“Tanzania is one of the fastest growing markets in East Africa. We are excited about working with the great team at ZoomTanzania.com, to expand further on our market-leading position in the region, running the most popular marketplace for a country of 46 million people,” says Robin Lingg, CEO, Ringier Africa & Asia.

With the acquisition of ZoomTanzania, six out of Ringier Africa’s nine platforms are now market leaders in their respective countries. Rupu and Tisu are the largest e-commerce platforms in Kenya and Ghana.

In Nigeria, pulse has established itself as the leading online entertainment and news platform, with more than 4 million page views per month. Allsports recently grew to become Ghana’s largest sports platform, generating more than 2.5 million monthly page views.

Microsoft Launches a $25 Priced Nokia 130 & It’s Gonna Be a Hit

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Nokia-130-Single-SIMNokia recently announced it’s ending the Nokia X Android phones, Nokia Asha and the Series 40 family but the launch of a $25 Nokia 130 feature phone for emerging markets is a great move.

With plans to sell it in Kenya, China, Egypt, India, Indonesia, Nigeria, Pakistan, the Philippines and Vietnam this quarter, the Nokia 130 runs on Nokia OS series 30+ and is available as a single and Dual SIM phone in red, black and white and only weighs 68.6 grams.

The phone has an FM Radio, calculator, calender, flashlight and weighs 68.6 grams. It’s LCD screen has a display resolution of 160 x 128. The phone’s size is just 45.5mm by 106mm by 13.9mm with a 1.8 display size.

Nokia-130-Dual-SIM-Bright-Red With a Micro-USB for charging and a USB 2.0  and a Bluetooth 3.0 for external connection plus a MicroSD memory card slot of up to 32 GB, the phone will help first phone users to store as much music and videos as possible minus payig for a smartphone. The phone allows for video sharing with Slam and users can play music via its Music Player or just listen to the FM Radio.

On purchase, it comes with a Nokia Charger AC-18, Nokia Battery BL-5C , Nokia Stereo Headset WH-108 and a Product user guide.

Retailing at just Ksh 2,200 or $25, the new Nokia 130, is the most affordable mobile phone with video and music player in the market. It’s built-in video player, MP3 player and FM Radio and an SD card will make it the best phone for travel as one can load it with music and movies and won’t be worried about the battery runing flat again. It’s removable battery has a 1020 mAh capacity with a maximum standby time of 36 days.

Nokia-130-video-entertainment-jpgApart from the price point, the 3-day average battery life is going to be a big hit for guys living or travelling to rural areas not connected to grid electricity.

Cloud equals partnership in Africa, says Pamoja

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Experts at Pamoja say that channel collaboration around cloud services is an early indication that there is development within the broader cloud cycle.

Albie Bester, CEO of Pamoja, said: “Many IT service providers have yet to embrace the Cloud services model to the same extent as larger telecommunication companies and IT services businesses.

“The issue is exacerbated by the fact that value added resellers and system integrators are projecting the Cloud as a competitor or a necessary nuisance. As the adoption of Cloud services grow in the market, these organizations will come to realize that the Cloud computing paradigm offers new business opportunities.”

Pamoja is focused on driving increased adoption of Cloud services, addressing traditional challenges and successfully replicating the Cloud services model for the benefit of operators throughout Africa.

The CEO believes that there are several components to successful Cloud service delivery and collaboration between partners is necessary in order to acquire these components.

“Some of these are quality services, quality access to the service, solutions that work for the specific market, clear business value proposition, easy provisioning and simple billing models.

“It is very seldom that one organization can manage all of these at the same time. Partnerships between ISP’s/Telco’s and Cloud providers coupled with good sales capabilities and access to customers have to be part of the mix in order to deliver a successful Cloud business,” Bester continued.

As an increasingly competitive market segment complicated by a lack of technical skills sets in Africa, those wishing to set their mark on the Cloud Services area are advised to look seriously at alliances.

Bester added: “The common factor linking these ventures is limited IT experience, and, essentially, people trying to build their own Cloud businesses from base zero. From the outside a Cloud business looks relatively simple, once inside, people realize that they need skills and experience which is not in abundance on the continent.”

While it is generally accepted that the ICT sector is driven by the quality of service delivery and competence of service providers, this is particularly true of the Cloud Services space. It is important to remember that partners will stake their reputation on services that they will be provided with – over promising and under-delivery will result in elimination in what is effectively a confined market.

“The fact is that a partnership is really the only safeguard to ensuring collaboration between role players including support, sales, provisioning and billing. Operations requires solid experience and security of skills, while market ownership or relationship paves the way for the sales engine to deliver good returns and not wheel-spin for extended periods of time,” he concluded.

Ethiopian University Enrols Students for Footwear Engineering

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Addis Ababa Science and Technology University (AASTU) is starting a new undergraduate programme called Footwear engineering course.

The program is set to begin in the 2014/2014 academic year. The curriculum is developed by the Leather Industries Development Institute (LIDI).

This is not the only art course the university is offering, it also has an undergraduate programme in leather processing; which also include tanning and crusting raw leather.

Wondu Legesse, Director General of LIDI, noted the new program to be launched by AASTU is going to be an addition to the field and there will be more courses to follow in other higher learning institutions.

It will be a five-year program out of which the two years will be spent on theoretical studies and the rest on practical training. On the first round, the Institute will accept 25 students.

However, Wondu noted the programme is under observation and depending on the results they will reduce the theoretical period to one year and make the practical lessons four years and will increase the intake.

LIDI prepared the curriculum in collaboration with Indian experts from Central Leather Research institute (CLRI) and Footwear Design & Development Institute (FDDI) based on the experiences of Indian Universities.

Graduates of the program will be equipped with the skills to manufacture finished and value added leather products, such as shoes, gloves and garment products.

Currently the Institute has 32 masters and six PhD holders in footwear engineering.

According to the Corporation Communication Director at the Institute, Berihanu Serjabo, AASTU approved the curriculum three weeks ago.

Jovago.com Partners With SimplePay for Mobile Cashless Hotel Bookings

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jovagoRocket Internet’s online hotel booking platform Jovago has partnered with SimplePay, Ltd., a Nigerian web and mobile financial services company to enable Jovago customers pay for their hotel booking through the SimplePay mobile application either via desktop or mobile phones.

Users on Jovago.com can now just enter their booking reference into SimplePay’s new Jovago button in their mobile app or at www.simplepay4u.com and pay for their hotel booking instantly.

“We look for partnerships with purpose and innovation and we believe that allowing people to pay for their Jovago.com booking using SimplePay ticks both these boxes,” SimplePay CEO, Simeon Ononobi said of the partnership.

Headquartered in Lagos, Nigeria, Jovago.com says it has over 5000 local listings from across Africa. The online hotel booking service facilitates the booking process for its users to provide them with the best hotel booking experience with fast, transparent and easy-to-use services. It’s  deal with Simeon Omonobi’s SimplePay, a web and mobile financial services company based in Abuja, Nigeria will allow users and hotel owners make and receive purchases or fund transfers instantly. SimplePay was founded in 2013 by Simeon Ononobi.

According to Marek Zmyslowski, Managing Director of Jovago.com, “This is a great achievement for Jovago.com. As the leading hotel booking site in Nigeria, we aim to make the payment process as simple and transparent as possible for our customers and this SimplePay partnership does that seamlessly.”

MSTelcom Partners With Intelsat To Expand Satellite Broadband In Angola

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South Africa’s Intelsat and MSTelcom have collaborated to give the people of Angola high quality, reliable and cost-efficient broadband service to consumers and corporations operating in the oil and gas and banking sectors within Angola.

In this agreement, Intelsat will deliver a fully managed broadband service that provides Internet access into and out of Angola. The network will leverage C- band capacity on Intelsat 14 at 315º East and on Intelsat 22 at 72º East, as well as the company’s IntelsatOne terrestrial network.

As for MSTelcom, it will provide point-to-point Internet broadband service, and the design of the Intelsat network will enable the transition to a point-to-multipoint service that allows MSTelcom to share bandwidth among multiple sites to best serve customer needs.

Intelsat’s satellite solutions will facilitate network services such as the termination of IP traffic and connectivity between remote sites and corporate headquarters.

“Intelsat has been an important partner for MSTelcom in providing communications throughout Angola,” said Oldemiro Diogo Cundo Napoleão, Head of Marketing for MSTelcom.

“Intelsat’s satellite capacity combined with its technical support helps ensure that our employees continue to provide high quality, reliable and responsive services to our customers. We renewed our agreement with Intelsat as we believe that they are the best satellite operator to support our goal of satisfying the growing broadband demands of the Angolan business sector and the country as a whole.”

Grant Marais, Intelsat’s Regional Vice President, Africa Sales said: “We look forward to providing MSTelecom with a broadband network that incorporates our satellite and terrestrial solutions, as well as operational support that will help MSTelcom deliver and expand both its geographic reach and the services provided to corporate enterprises and communities within Angola.”

South Africa’s Lendico receives InfoSeal Certification award

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Lendico, an online loans marketplace, has been certified with an Orange Seal as part of the InfoSeal Website Compliance Program (IWCP), which is a clear indication that the company has complied with strict privacy and information standards.

Lendico is a transparent online marketplace that directly connects borrowers and investors, thereby removing the need for banks and passing the resulting savings on to its customers. The nature of the service requires Lendico to collect, process and store customers’ personal information.

InfoSeal’s solution is tailored for the South African environment and assures users that the Lendico website complies with the IWCP. More specifically, it provides assurance that customers’ information is being processed in a way that does not infringe on their privacy and is in accordance with Lendico South Africa’s stated privacy notice as displayed on its website.

Laurens Pohl, Managing Director for Lendico South Africa said: “We are committed to our users’ privacy and strive to build trust through transparency. By displaying the InfoSeal certification on our website, we can highlight our good reputation and reassure customers that we will uphold the highest standards of privacy and security.”

He added that Lendico has already received over 3 billion rand in loan demands globally, and that this figure will continue to grow as the marketplace builds on its reputation for value and transparency.

Deven Pillay, COO of InfoSeal, said: “The award of the certification seal demonstrates commitment by Lendico SA to manage personal information processed through its website according to a minimum set of privacy and information compliance guidelines.”

Airtel makes $350M from sale of Part of Bharti Infrared

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Bharti Airtel has managed to get $349.6 million out of the sale of the sale of their stakes in its Infrared branch. The sale undertaken to comply with a rule that requires listed companies to have a minimum 25 percent public shareholding.

The telecommunications company initially has 79.4 percent, which was against the stock market rules which require that the company to have 25 percent which lead them to sell the majority sales.

The sale of the shares raised $350 million for Bharti Airtel. However, the sale was priced at an 8 percent discount to the share price, driving it down by nearly the same amount on the stock market.

The sales has helped Airtel to reduce some of its debts, it had a net debt of $9.6 as of June this year. Last month the company agreed to sell about a fifth of its telecoms towers in Africa.

Bharti Infratel was listed in December 2012, and had three years from the IPO date to reduce its promoters’ holding to 75 percent.

Nigerian Regulator To Deploy A $200 Million VAS Market Regulatory Framework

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Nigerian Communications Commission (NCC) will be creating an industry-driven regulatory framework that will ensure the sanitization the country’s Value Added Service sector (VAS), which could be worth $200 million.

VAS   is a popular telecommunications industry term for non-core services, or in short, all services beyond standard voice calls and faxes transmissions and is expected to grow to $500 million in just a few years.

It can also be used in any service industry at little or no cost to promote their primary business. In the telecommunication industry, value-added services add value to the standard service offering, spurring the subscriber to use their phone more and allowing the operator to drive up their Average Revenue Per User (ARPU).

For mobile phones, technologies like SMS, MMS and data access were historically usually considered value-added services, but in recent years SMS, MMS and data access have more and more become core services, and VAS therefore has begun to exclude those services.

Executive Vice Chairman of the NCC, Dr. Eugene Juwah, said that the potential in the country’s VAS market during an interactive session with operators and mobile network operators (MNOs), on the regulatory framework for the VAS segment of the industry in Lagos.

“The exponential growth in the Nigerian telecom industry, in the last 12 years, has given rise to the evolution of the mobile phone from a device just to support communications requirement to a smart phone with the capacity to provide a plethora of services,” he said. “According industry experts, mobile VAS is currently worth over $200 million annually with huge potential to accelerate to $500 million in the next few years.”

Juwah also noted that the industry has witnessed some practices and behaviors in the VAS segment, which as individuals subscribers and as industry regulator have given us lot of concern.

“The commission has received avalanche of complaints from Nigerian subscribers regarding forceful activation of various value added services by service providers without explicit consent. Worse still, these services are auto-renewed resulting to perpetual look-in of subscribers by the VAS providers,” said the Vice Chairman.

Simon Aderinlola, the National Coordinating Consultant, Wireless Application Service Providers of Nigeria, WASPAN, empasized that the NCC should look into the area of revenue sharing among MNOs and VAS providers in its proposed regulation.

He also noted that there is a need for increased collaboration among NCC and operators to set up a central database centre where unsolicited VAS messages can be screened and monitored, adding that the regulator should protect the indigenous VAS players

Apply for $5,000 to Develop Your Social Venture Idea

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071013-global-africa-tech-hubs-accelerators-kenya-m-Lab-EA.jpg m:lab East Africa’s Mobile Impact Ventures Program (“MIVP”), is an accelerator program funded by the Rockefeller and Tony Elumelu Foundations, through the Global Impact Investment Network’s (“GIIN”) Africa Impact Economy Innovations Fund (“IEIF”) to help build innovative solutions in agriculture, health & water and education.

For 3 months, the program aims to support social ventures scale their ventures’ business models, technology, and customer development through intensive business masters classes, coaching with business experts and mentoring with sector specialists as well as meetups with domain practitioners for knowledge exchange and to build the ventures’ social capital.

With small cash investments ($5,000) and a promise to assist graduates to raise impact investments according to their traction, the tailor made acceleration process also offers needs based coaching and training on mobile technologies to help the ventures on user experience and graphics designs for their products.

According to m:lab East Africa, it seeks to enhance its existing pool of mentors and is looking for mentors, entrepreneurs or investors with a 10+ years professional experience in any of the program’s focus sectors and willing to share insights on their success or failure experiences with impact focussed entrepreneurs. The mentors will only give cummulatively 2-3 hours per month of virtual or physical meetings with venture founders. .

If you are an organizations and want to partner, contact m:lab East Africa here.

 

More women appointed to Barclays Bank board

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 Three women have today been appointed to the Barclays bank board has ahead of its Half Year announcement tomorrow bringing to five the number of women sitting in the Barclays’ Board.

 Making the announcement, the Chairman of the Board Mr. Francis Okomo-Okello noted that the appointments will enhance the mix of skills required by the Board to lead the business in achieving its strategic agenda.
“We are greatly honoured that these three distinguished business leaders have agreed to join our Board. We believe that the sum total of their individual achievements and experience will enable us navigate the business through the highly dynamic industry we are operating in and ultimately, help us realise our goal of becoming Kenya’s ‘Go-To’ bank,” he said.

Dr. Laila Macharia is the founder and Chief Executive Officer of Africa Metro (formerly Scion Real), a pan-African investment company focused on urban development and the current Vice Chairman of the Kenya Private Sector Alliance (KEPSA). She is a lawyer by training with experience in structuring and advising on corporate finance transactions. Her experience in public-private partnerships, property and infrastructure development will be useful to the Bank as it undertakes to pursue more public sector deals.

barclaysWinnie Ouko is a Co-Founder and Director at Lattice Consulting Limited, a Kenyan corporate finance, project finance and strategy advisory firm. Winnie has an accounting background and strong technical skills in project finance, financial analysis and strategy formulation. This will be essential in helping the Board remain accountable to stakeholders for risk management and the execution of its defined strategy.

 

Norah Odwesso is currently the Public Affairs and Communications Director at Coca-Cola Central, East & West Africa Limited. She has a wealth of experience in assisting organisations meet the challenges of an ever-changing business environment which is increasingly the subject of scrutiny by multiple stakeholders. Norah’s guidance will augment the Board’s capability to promote and preserve the Barclays brand.

 

“Barclays continues to be at the fore front of promoting diversity and inclusion not just at the leadership levels but throughout the organisation by creating an environment that recognises employee diversity. Through initiatives such as the Women Network Forum, we have continued to strengthen the participation of women in leadership and decision making by preparing them through mentoring, coaching and stretch assignments,” said Mr. Jeremy Awori, Managing Director, Barclays Bank of Kenya.

Nigerian Entrepreneurs Launch Washist.com, an Online On-Demand Laundry Service

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15382_590387704415843_9103239887356069894_nI do my own laundry and it sucks. It’s not waiting for a rinse from the machine that I hate, but the ironing especially on a lazy weekend after a whole week of toiling or evening at a party.

Sending them to Laundromat bothers me. You never know whose’ clothes or beddings he’s going to mix to save time as definately no one wants to stare at a waching machine the whole morning doing noisy rounds in the name of laundry.

Washist.com, a new and innovative on-demand laundry service has launched its operations in Lagos to help busy professionals like you and me to do our laundry via our mobile phones.

Promising convenience, top-notch  and a price efficient service, Washist.com is simple to use. You just fill in your details; Name, Address, Phone Number and Email, and a Washist will contact you to schedule a pickup of your laundry. Also, you’ll receive email and SMS notifications from Washist on the status of your lovely clothes from pickup to final delivery.

1962883_590407584413855_1927938631483145628_n Washist charges a very affordable flat monthly fee for its services and picks up your items 3 times in a month. A laundry bag is provided on your first pick-up. There is no extra charge for pick up and delivery of your items.

With investments from Oluwafemi Taiwo, Co-Founder of PrivateProperty.com.ng, Washist says the “major challenge faced by most busy professionals is the quality of service offered by their regular washman. The team has therefore put up its own style with own washing instructions and its trained personnel to ensure your clothes are long lasting, looking crisp and smelling fresh.

Washist“As an upwardly mobile professional, I found it tedious to make out time to do my laundry, I am also too busy to sort and drop my clothes at the dry cleaners/laundromat,” says Oluwadare Ajayi, MD of Washist. ” When Oluwadare spoke to me on the idea, I was sold on it as it’s a necessity for busy working class professionals. I also liked the fact that with a few clicks on a website, you could order for your laundry to be picked-up, washed, ironed and delivered”

Washist will pick up and deliver your clothes at most locations within Lagos and unlike other laundry services and it promises to be available round the clock and you can get started by simply requesting a pickup of your laundry online at www.washist.com.

It’s major competition is Kleen.ng and Washfly.

 

Infrastructure spending to reach $9 trillion yearly by 2025, Says PwC

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A new report from PwC indicates global capital project and infrastructure spending may grow to more than $9 trillion annually by 2025, up from $4 trillion in 2012. The report is titled ‘Capital project and infrastructure spending: Outlook to 2025’.

The report, which Oxfords Economics provided research support, analyses infrastructure spending across 49 of the world’s largest economies which account for 90 percent of global economic output. It covers five industry sectors and forecasts their impact on seven major world economic regions (Western Europe, Latin America, Asia-Pacific, Middle East, sub-Saharan Africa, Former Soviet Union and Central and Eastern Europe).

The report shows that that the recovery will be geographically uneven, led mainly by Asia, as spending overall shifts from West to East. The Asia-Pacific market will represent nearly 60 percent of all global infrastructures spending by 2025, driven mainly by China’s growth. Western Europe’s share will shrink to less than 10 percent from twice as much just a few years ago.

Jonathan Cawood, PwC Head of Capital Projects and Infrastructure for Africa, says: “Emerging markets, especially China and other countries in Asia, without the burden of recovering from a financial crisis, will see much faster growth in infrastructure spending.

The pace of urbanisation is also on the increase, with the biggest shift in urbanized populations likely in China, India, Ghana, Nigeria, and the Philippines. Urbanization drives the demand for water, power, transportation and technology infrastructure.

Overall infrastructure spending in the sub-Saharan region is projected to grow by 10 percent a year over the next decade – exceeding $180 billion by 2025 – while maintaining its 2 percent share of the global infrastructure market. Nigeria and South Africa dominate the infrastructure market, but other countries like Ethiopia, Ghana, Kenya, Mozambique, and Tanzania are also poised for growth.

A substantial increase in spending in the basic manufacturing sector is expected in sub-Saharan Africa. Annual spending in the chemical, metals and fuels sector is forecasted to increase across the seven major African economies to $16 billion, up from about $6 billion in 2012.

Transportation investment is also expected to grow rapidly in South Africa over the coming decade, in particular in the road and rail subsectors. Transportation investment will likely grow to just short of $9 billion by 2025.

Infrastructure spending overall is forecasted to reach around $60 billion by 2025 for South Africa. However, South Africa is likely to lose share of regional spending relative to Nigeria. Nigeria’s better fiscal position and oil revenues will likely enable it to outperform South Africa over the coming decade, says the report.

Overall infrastructure spending in Nigeria is expected to grow from $23 billion in 2013 to $77 billion in 2025. A more investor-friendly environment towards oil investment is also likely to boost this projection further.

The report also shows that spending on utility infrastructure is expected to be significantly stronger in countries that need to upgrade deficient energy, water, and sanitation services and in economies that are rapidly urbanising, such as China, Ghana and Nigeria. The greatest growth of spending for utilities is expected in sub-Saharan Africa where an annual rate of 10.4% between now and 2025 is forecasted.

According to the report the extraction sector, driven by both oil and gas as well as non-oil and gas industries, will grow at an annual rate of 5 percent. Oil and gas extraction activity and infrastructure spending are expected to vary across countries and regions. Extraction spending in sub-Saharan Africa is projected to increase at 8 percent annually over the next decade. The bulk of spending is likely to take place in South Africa and Tanzania.

Demographic shifts will play a major role in determining the type of social infrastructure a country requires. Aging populations, especially in Eastern Europe and Japan, will necessitate more healthcare facilities, while emerging markets are projected to increase investments in both healthcare, as well as education for their young people.

The report shows that the annual growth rate for social infrastructure spending is expected to be particularly strong – about 12 percent in sub-Saharan African where both schools and healthcare facilities will be in high demand.

Standard Bank introduces advanced apps in SA

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Standard Bank has announced large banking application updates for smartphones. The app includes the Standard Bank ID, which was brought in with the bank’s tablet app in March.

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“Once a unique login is created by users, they can make use of this throughout all their devices,” the bank said.

The bank further stated: “If you have downloaded the tablet app, all your data will be accessible on the new app for your smartphone, which gives you a smooth experience throughout your tablet and phone.”

The banking app enables customers to access both their business and personal accounts. Users can also personalize the app, which includes creating their own descriptive names for their accounts and dashboards.

According to the bank, customers can make savings goals as well as use an “Impulse Save” feature that permits them to save any amount at any time by a single tap.

“Initially, the new app is accessible for Android and iOS devices though plans are underway to release the app on more phone platforms based on client demand. The existing Windows Phone and BlackBerry apps will proceed to cater for users on those platforms though new versions are not at the moment being released.

“The iPhone version will be accessible in the Apple App Store as an upgrade of the current Standard Bank mobile banking app. Additionally, the new Android version is accessible within the Google Play Store and won’t replace the current app automatically,” the bank stated.

According to a bank representative, the new Android app provides an optimized experience and although users can use both apps it is recommended that the old app be deleted so that the user can enjoy the new app’s benefit.