African countries fully recognize the benefits that digitization can bring to their economies. They are now committed to seizing these opportunities with determination to maximize the advantages.

Last Friday, July 19th, Colonel Assimi Goïta (photo), President of the Malian Transition, launched the first phase of a program that allows citizens to pay for certain services using their mobile phones.

This initiative, unveiled in President Goïta's speech on June 22nd, 2024, in Sikasso, marks a turning point in Mali's administrative landscape. Initially deployed in the capital city of Bamako, the program will eventually expand to encompass all regions and diplomatic missions. Additionally, the scope of services covered will progressively include taxes and public procurement.

"This initial phase represents a cornerstone. It will be gradually extended to all regions of Mali and diplomatic representations, while progressively integrating all public services, including taxes and public procurement," indicates a presidential statement.

The mobile payment system aligns with a broader vision for Mali's development and modernization, where technological innovation takes center stage. The program aims to streamline administrative procedures, expedite processing times, and optimize the collection of public revenue. Furthermore, it seeks to enhance citizen trust in public institutions by fostering a more transparent and efficient management system.

Mali has historically lagged behind in digitizing public services. In 2022, the United Nations' E-Government Development Index ranked the country at 178th globally. This new initiative, therefore, represents a critical step towards closing the gap and ushering in a more modern administrative system.

Samira Njoya

 

Posted On lundi, 22 juillet 2024 10:11 Written by

Inspired by the idea of "Finance for All," Fintou was founded by two tech entrepreneurs to empower entrepreneurs.

Fintou is a fintech solution developed by a Togolese startup that enables users to create and launch crowdfunding campaigns. Founded in 2022 by Kokou Nouvor and Fandam Tahalgbanti, the startup is based in Lomé.

"Fintou was born out of a need for financing to realize a business idea. During our search for funding, we discovered crowdfunding, an alternative financing method that mobilizes interested individuals to finance a project. This inspired us to create a similar platform and test the concept," the founders explained told Togo First.

The solution is accessed through a web browser, as there is no mobile app available. Users can create an account by clicking the "Start" button and entering their information. The startup verifies this information before validating the account. Once verified, users can launch funding campaigns for various projects, set up funds for birthdays or weddings, or organize donations.

"Depending on your project, invite close acquaintances to participate, then expand to your broader network and share the project on social media and with the general public. Regularly update your fundraising page to keep contributors informed," the startup advises.

To facilitate fund collection, Fintou integrates mobile money and bank card options. The fintech offers three subscription plans: free, pro, and expert. The free plan allows collections up to XOF3 million (approximately $5,000). The pro subscription costs XOF20,000, while the expert plan requires a specific request to the startup for pricing details.

Adoni Conrad Quenum

 

Posted On lundi, 22 juillet 2024 10:08 Written by

Launched by two youg entrepreneurs, the e-mobility solution aims to facilitate travel in and around the city of Dakar.

Kai is an e-mobility solution developed by a Senegalese startup that enables users to book rides in the city through a mobile app. Founded in 2018 by Pape Seyni Ndiaye and Birane Diagne, the startup is based in Dakar and secured an undisclosed amount of funding in 2021 to support its growth.

The app, available on both iOS and Android, has garnered over 10,000 downloads on the Play Store. Users can create an account by providing their personal information, which allows them to access the startup's services. To book a ride, users select their destination on the map and choose a vehicle type, with the fare displayed upfront.

Kai also allows users to learn more about their drivers. Once a ride is confirmed, users receive a notification when the driver arrives. They can follow a designated route but have the option to add stops or make detours during the journey. For payment, Kai offers several methods, including a preloaded digital wallet, bank cards, mobile money, and cash.

"Kai's services include rides within Dakar, transfers to and from Dakar Airport, and availability for trips within Dakar and to all regions," the startup states. To accelerate its growth, Kai has partnered with CFAO Motors, a vehicle dealership. At its launch in December 2021, this partnership provided the startup with 20 cars.

Adoni Conrad Quenum

 

Posted On lundi, 22 juillet 2024 09:20 Written by

A robotics enthusiast and inventor, he has created a popular game robot and developed a tech platform that streamlines data collection for scientists.

Silas Adekunle (photo) is a prominent Nigerian inventor and tech entrepreneur specializing in robotics. He is the co-founder and CEO of Reach Industries, a company focused on assisting scientists and improving laboratory efficiency to address global challenges swiftly.

Founded in 2020 and based in the UK, Reach Industries offers advanced technological services to STEM (science, technology, engineering, and mathematics) companies. One of the startup's key innovations is Lumi, an intelligent platform that employs computer vision, voice recognition, and machine learning to capture and analyze operational data.

Lumi serves as a comprehensive assistant throughout the life sciences development process, from research to production. It automates data collection from experiments, observations, and equipment usage, among other functions. This automation saves valuable time, allowing scientists to concentrate on more significant issues while enhancing the reproducibility of their results.

In addition to his work at Reach Industries, Silas Adekunle founded Awarri, a company that leverages artificial intelligence and robotics to provide educational tools and develop sustainable technological solutions for Africa. Awarri aims to create an ecosystem that prepares young people for the future workforce.

Before these ventures, Adekunle co-founded Reach Robotics in 2013, which gained recognition for inventing MekaMon, a gaming robot integrated with a STEM education platform. In 2017, Apple signed an exclusive distribution agreement with Reach Robotics, impressed by the product.

Silas Adekunle earned a bachelor's degree in robotics technology from the University of the West of England in 2014. During his studies from 2012 to 2014, he designed and launched extracurricular robotics sessions.

To gain experience in robotics, he began as a volunteer intern at RustySquid, a robotics company, in 2011. He then served as a verification engineering intern at Infineon Technologies, a semiconductor manufacturer, in 2012, followed by a software internship at GE Aerospace in 2013.

In 2018, Silas Adekunle was recognized on the Financial Times list of the top 100 minority ethnic leaders in technology in the UK. That same year, he was selected for Forbes' 30 Under 30 Europe in the technology category.

Melchior Koba

 

Posted On lundi, 22 juillet 2024 09:14 Written by

As a financial analyst, he leads an innovative company that uses technology to promote financial inclusion in Egypt. His company facilitates access to credit for consumers by working directly with merchants.

Amr Sultan (photo), an Egyptian finance expert and entrepreneur, is the co-founder and CEO of Blnk, a fintech company dedicated to enabling financial inclusion through point-of-sale financing.

Founded in 2021, Blnk specializes in providing consumer credit to underserved populations. The company allows consumers to instantly obtain credit from their favorite merchants and pay in installments over a period of up to 36 months. The credit purchase process through Blnk requires only a national ID card.

Prior to co-founding Blnk, Amr Sultan co-founded Akanar Partners in 2009. As the managing director until 2016, he led this corporate finance and mergers and acquisitions advisory firm, providing services in corporate finance, M&A advisory, fundraising, and structured finance. Akanar Partners was subsequently acquired by Arqaam Capital, an institutional investment bank.

Amr Sultan holds a bachelor's degree in business administration, earned in 1998 from the American University in Cairo. He also became a Chartered Financial Analyst (CFA) in 2001, certified by the CFA Institute.

Sultan began his professional career in 2000 at HC Securities & Investment, an investment bank, as an equity research associate. From 2003 to 2009, he served as co-head of investment banking at Beltone Financial, a financial services provider.

Melchior Koba

 

Posted On lundi, 22 juillet 2024 08:51 Written by

His mission is to empower the next generation by equipping them with the technological skills they need to thrive in the modern world. He accomplishes this by designing educational programs for schools, ensuring children receive this training in an innovative and impactful way.

Yaakoub Benarab (photo) is an Algerian tech entrepreneur and the founder and CEO of Snai3i, a company dedicated to transforming education in the Middle East and North Africa (MENA) region.

Founded in 2019, Snai3i develops educational programs aimed at simplifying advanced technologies for children. The company offers schools courses in mobile programming, artificial intelligence, Python, 3D modeling, and mechatronics, all tailored specifically for young learners. It provides schools with immediately usable programs and trains teachers in effective pedagogical methods and course design. Additionally, the platform enables experts to create and publish their own courses. To date, the startup has successfully trained 872 students.

Beyond his role at Snai3i, Benarab serves as an information technology instructor at the Higher Institute of Sciences (HIS), a multidisciplinary private university in Algeria recognized by the Ministry of Higher Education and Scientific Research. He is also an ambassador for One Young World, a global community of young leaders.

Benarab graduated from the National Polytechnic School in 2019 with a master's degree in control systems. He also holds a master's degree in learning design and technologies from Arizona State University, which he obtained in May 2024.

In June 2019, he represented The European Wergeland Centre, a European research organization focused on education for intercultural understanding, human rights, and democratic citizenship. By October 2019, he had taken on the role of director at KnowLab, a coworking space. In 2020, he worked as a technology and innovation specialist at the Africa Crisis Hub, which provides public health advisory services.

Melchior Koba

 

Posted On lundi, 22 juillet 2024 08:38 Written by

Improving digital infrastructure in Africa provides robust and reliable cloud services that meet international standards. This enhancement is crucial for the region's digital economy, promoting better internet connectivity and data management.

Schneider Electric and IXAfrica Data Centres have launched East Africa’s largest hyper cloud data centre, NBOX1, in Nairobi, Shneider Electric announced July 18. The Tier 3+ facility is now operational, offering a carrier-neutral, AI-ready environment for cloud, colocation, and connectivity services.

Powered by Schneider Electric's MV and LV switchgear and Kenya's renewable energy, NBOX1 promises stable and reliable services. It aims to attract hyperscale and internet customers with a performance on par with top facilities in North America and Western Europe.

“We believe that sustainable practices are essential for the future of data centres, and we are proud to partner with organizations like IXAfrica to create environmentally conscious and innovative digital habitats for the evolving technological landscape," said Mouna Essa Egh, Schneider Electric’s secure power VP for the Middle East & Africa

The data centre, backed by a $50 million investment from Helios, is strategically located in Africa’s 'Digital Savannah,' serving over 300 million people and a vibrant tech ecosystem.

This development is significant for Africa's digital growth. According to Africa Data Center Market Analysis (2017-2029) by Mordor Intelligence, the Africa Data Center Market is projected to have a capacity of 0.69 thousand MW in 2024 and is expected to grow to 1.23 thousand MW by 2029, with a CAGR of 12.34%. Additionally, the market is forecasted to generate colocation revenue of USD 750.2 million in 2024, reaching USD 1,709.6 million by 2029, growing at a CAGR of 17.91% during this period​. The launch of NBOX1 is a crucial step in enhancing the technological capabilities and connectivity in East Africa, fostering further development in the region's digital landscape

Hikmatu Bilali

Posted On vendredi, 19 juillet 2024 19:20 Written by

Establishing regulations that align with international best practices can help African e-commerce platforms improve their competitiveness on the global stage. This can facilitate cross-border e-commerce and open up new markets for businesses on the continent.

The Nigerian government plans to regulate e-commerce platforms and introduce cyber insurance for users. This initiative is part of the draft National Digital Economy and E-Governance Bill under review by the National Assembly.

Sponsored by the Ministry of Communications, Innovation, and Digital Economy, the Bill is in the public engagement phase. It requires e-commerce platforms to provide clear and accurate information about sellers, goods, services, and transaction terms.

During a media engagement in Abuja on July 9, Minister of Communications, Innovation, and Digital Economy Dr. Bosun Tijani said the Bill would create a legal framework to accelerate Nigeria's digital economy. "This Bill will support the growth and transformation of Nigeria’s economy through technology," he said.

Section 40 of the Bill mandates the National Insurance Commission (NAICOM) and the National Information Technology Development Agency (NITDA) to develop cyber insurance regulations for electronic commerce.

Section 39 specifies that e-commerce sellers must provide legal names, addresses, and contact details, ensuring effective consumer communication and legal process service. It also mandates detailed descriptions of goods or services and clear terms and conditions, including payment methods, returns, and refund policies.

If passed, major e-commerce platforms, as well as smaller players, would face stricter regulations and potential new taxes and levies imposed by NITDA. Non-compliance could result in fines.

The proposed legislation is poised to impact the country's rapidly growing e-commerce sector significantly. According to the European Company Database (ECDB) report titled eCommerce Market in Nigeria, this sector is expected to generate $2.68 billion in revenue by 2024 and grow at a compound annual growth rate of 12.8%, reaching $4.34 billion by 2028.

Hikmatu Bilali

Posted On vendredi, 19 juillet 2024 19:16 Written by

After a first funding round that closed on May 6, the Women in the Digital Economy Fund (WiDEF) announced its second round, on July 17. This round offers technical assistance to large private sector enterprises, including those in Africa, to help close the digital gender divide.

WiDEF is a joint effort by USAID and the Bill & Melinda Gates Foundation, managed by CARE, the Global Digital Inclusion Partnership, and the GSMA Foundation. It will provide successful applicants with technical assistance valued between $50,000 and $150,000 for up to two years.

Applications close by September 12.

Posted On vendredi, 19 juillet 2024 10:21 Written by

Zoho, an Indian multinational technology company, has partnered with She Code Africa (SCA), a non-profit organization that equips young girls and women with tech skills. Zoho will train SCA Academy trainers on Zoho Creator, its low-code app development platform, through "Train the Trainer" sessions.

Part of Zoho Creator's 'Young Creators Program' (YCP), the initiative aims to close the technical skill gap by empowering future business leaders with advanced digital skills. Zoho will host 30 female SCA Academy trainers for a three-day training session at its Lagos office, providing them free access to the Creator platform and training resources for a year.

Posted On vendredi, 19 juillet 2024 10:19 Written by
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