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Improving Innovation in Africa - Harvard Business Review - Ndubuisi Ekekwe

Opportunity is on the rise in Africa. New research, funded by the Tony Elumelu Foundation and conducted by my team at the African Institution of Technology, shows that within Africa, innovation is accelerating and the continent is finding better ways ...

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Jumia Had $32M Loses in 2014, Revenue was $28M

People, be ready for the long-haul if you are going into the e-commerce sector. It demands a lot of efforts and money. You need to build logistics and become your own Post Office. Unlike in America, where there are postal ...

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Top 26 Hubs in Africa from AfriLabs

ActivSpaces ActivSpaces is an open collaboration space, innovation hub and startup incubator for African techies. Established in 2009, ActivSpaces was one of the earliest African coworking spaces to provide free and open access to members actively pursuing technology-based ventures. Based in Buea, ...

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Nairobi Is Africa's Most Intelligent City

For a second year in a row, Kenya's busy capital city of Nairobi has been named the most intelligent city in Africa -- failing, however, to make it to the world's top seven finalists. According to the Intelligent Community Forum, "intelligent ...

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2014 Breach Level Index -- Data Breaches Increased 49% to 1 billion Data Records

Gemalto, the world leader in digital security, releases the latest findings of the Breach Level Index, revealing that (http://bit.ly/1zYLNVN) more than 1,500 data breaches led to one billion data records compromised worldwide during 2014. These numbers represent a 49% increase ...

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kabbage2

People, respect Americans. They are very innovative. They see opportunities anywhere and anytime.  A U.S. startup, Kabbage, has gotten a patent that enables them to use your online business account profiles to access your risk. In other words, to loan you money for business, they will examine your Amazon, eBay or other sellers accounts to determine if you can actually pay them back.   Kabbage provides working capital to online merchants as they list products […]

software piracy in Nigeria

Eighty two percent of personal computer users in Nigeria acquire software illegally most or all of the time according to the most extensive study ever undertaken on users’ behaviours and attitudes toward software piracy and intellectual property rights. The 32-country study, conducted by Ipsos Public Affairs for Business Software Alliance (BSA), ranks Nigeria’s software pirate population second only to China’s, which stands at 86 percent – looming far above the worldwide percentage of 47 percent. […]

fbn

The following are the winners in the 2011 African Banker Awards which took place on Friday, in Washington DC, in the midst of the IMF/World Bank annual meetings.   The African Banker Awards is a landmark annual event for African banking that takes place during the IMF/World Bank meetings. Organised by African Banker magazine and IC Events, the African Banker Awards celebrates excellence and best practices in African banking. It is designed to recognise the […]

apple

Apple has more cash than the U.S. government, noted a piece on CNN few weeks ago, during the U.S. debt ceiling debate jamboree.   Maybe the cash-strapped U.S. government should start selling iPads.   According to the latest statement from the U.S. Treasury, the government had an operating cash balance Wednesday of $73.8 billion. That’s still a lot of money, but it’s less than what Steve Jobs has lying around.   Tech juggernaut Apple had […]

ericsson_logo_darkblue

The world leading original equipment manufacturing (OEM) firm for telecommunications, Ericsson  the Swedish based company has just opened support center in the city of Accra, Ghana. This is a welcome development to the entire Africa, it’s a commendable achievement.  Meanwhile, amongst the world leading technology firms trading in Africa only Ericsson has done something of this kind, Africa needs more of this. Indeed, a worthy contribution to the region. I think a wake up call […]

innovation

One of the key subjects in elementary economics is factors of production. You will learn about land, labor, capital and entrepreneur. Without land, in the old industrial economy, it would be very difficult to do business. How can you establish a mill factory where there is no land? Of course, that economic theory has since been updated as technology redesigned our world. Today, knowledge is the most important factor of production.   To compete in […]

president michael sata

Opposition leader Michael Sata has won Zambia’s presidential election after two days of vote counting following a tight race with incumbent Rupiah Banda.   Mr Sata was declared winner by Chief Justice Ernest Sakala after polling 43% of the vote with just seven constituencies left to be counted.   Mr Banda’s Movement for Multiparty Democracy (MMD) has ruled Zambia for 20 years and this was the fourth time Patriotic Front (PF) leader Mr Sata had […]

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