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Digital

How Digital Partnerships Can Enable Business Development

Gone are the days when small businesses need to sell their products to just the people who live or work in the immediate vicinity.  Digital platforms and partnerships are now empowering micro-companies to extend their offerings, opening new doors for business growth and development.  As more sectors are evolving and transforming, organisations are discovering how partnering with digital platforms and service providers can help them reach wider markets, provide better services, streamline operations, and access insights that were previously reserved for large enterprises.  Read also: Private Equity Firm B Investment Sells Its 20% Stake Of Total Egypt To Total Outre-Mer While the global business landscape has been unpredictable, 2021...

Innovation Strategy – Tactics Top Brands Use To Boost Their Organizational Growth

What can you learn about growth and innovation from top brands?  A dying economy and global competition have made growth an impossible mission for many organizations. Yet, some companies (Starbucks, Amazon, Apple) seem to defy the laws of doing business during a pandemic.  In the year of the lockdown, e-commerce has changed more than ever. Retail stores have to establish their reputation in the online market and provide their public with unique benefits. With brands like Alibaba and Amazon monopolizing the market, small stores need to come up with innovative strategies to draw the public’s attention.  But is it worth investing in creating an innovation strategy when 2020...

A Bank In Every Pocket

Confidence in African digital payment solutions is essential to minimising fraud and corruption while improving the free flow of funds to boost business and economic activity. Their value is illustrated in statistics released by the South African Banking Association (SABRIC) in June 2020. Mobile digital payments offer consumers and businesses a convenient method to manage funds, make payments, and gain visibility into accounts and transactions – effectively putting a bank in every pocket. Accessible and reliable, they’re the oil that lubricates the formal and informal economies, enabling financial inclusion at all levels of business and society.  Payment technologies have the potential to open access to financial services...

Digital Transformation: Separating The Average From The Exceptional In 2021

After a year like 2020, “predicting” anything about the future should probably come with a large disclaimer. In business though, this past year certainly separated the leaders from those merely paying lip service to trendy terms like agile, flexible, pivot, and – the now cringe-worthy “new normal”.   Read also: Ride-Hailing Startup, Bolt, Founded By A 19-Year Old Raises Another $182m To Invade Its African Market The impact of the coronavirus has also influenced just about every single one of our expectations around what is digitally possible, with our recent learnings prompting us to think very differently about our strategic planning for 2021 and beyond. And it’s very exciting. Data...

Umba, The Digital Bank For Africa Raises $2M In Funding To Expand In Nigeria & Kenya

Umba, the digital bank for emerging markets has raised $2 million seed funding round to expand product capabilities in Kenya and Nigeria where it’s currently operating. The $2 million seed round was from Ludlow Ventures and Lachy Groom, ex Head of Issuing at Stripe. Frontline Ventures and Act Venture Capital added to their previous investment in the company. According to Umba’s CEO, Tiernan Kennedy, “From the outset we built our platform to serve multiple markets, currencies and payment infrastructures. This flexibility is an extremely important consideration as it’s much harder to upgrade your systems at a later date. For example bank and debit card penetration is high...

Netflix Names Strive Masiyiwa To Its Board

ZIMBABWE – American over-the-top content platform and production company Netflix, has appointed Zimbabwean billionaire Strive Masiyiwa to its board, adding its first African director as it looks to new markets for future growth. Masiyiwa is the founder and executive chairman of Econet Global, a telecommunications company that operates across Africa, Asia, Europe, and Latin America which offers phone, broadband, and satellite service, and is also a major provider of mobile payments. Masiyiwa brings a fresh set of connections and experience as the first African — and the third international media executive — to join Netflix’s board in recent years. Read also: Tony Elumelu Foundation, EU To invest €20 Million...

Facebook Launches Africa’s First Online Community City Guide

South Africans especially dwellers and visitors to Johannesburg will be availed of the JoziPlug – Facebook’s first Community City Guide on the African continent. The initiative which was compiled and co-created by local Facebook Groups features unique and inspiring content about the city and is expected to add to the country’s tourism industry. Moreso, JoziPlug is aimed at showcasing Johannesburg’s “hidden attractions to visitors and members of the local community whilst supporting small businesses with their economic recovery” in the wake of the COVID-19 pandemic. Facebook says that since early this year, it has added more than 1.5 million people to a group related to the city of Johannesburg. The guide compiles “the...

Africa-Focused Travel Tech Startup Raises Six-Figure Seed Funding

Africa-focused travel tech platform, Viatu has raised a reported multi-million rand investment deal from a number of undisclosed investors. The funding received will be utilised for the launch of the new travel platform, focusing on Namibia as its first destination for travellers. In addition, the funds will be used towards the building of a functional and reliable MVP, including the tailoring of trips, the ability or customise trips according to users’ preferences, and instant booking. Read also: Black Friday Tips For Small Business Owners Alfredo Seidemann, Founder and CEO of Viatu comments on the investment. “I’m very excited about where we are. To see so many people support our mission, it’s...

5G Consumer Market To Reach $31 Trillion By 2030

Indications have emerged that the 5G consumer market will grow to $31 trillion by 2030 especially at the rate e-commerce and other Internet of Things are growing. This was contained in a report from Ericsson ConsumerLab called Harnessing the 5G Consumer Potential. The report estimates that communications service providers (CSPs) could earn $3.7 trillion of that total – a figure that could increase further as new adjacent digital services opportunities arise. The report also says that CSPs could generate up to $131 billion by 2030 from digital service revenues alone, by proactively bundling and marketing 5G use cases. About 40% of these revenue projections are attributed to consumer spending on...

Daily Digest Tuesday 24 November 2020

Funding In West Africa Fintech Startup Pass Raises Pre-Seed Round In Its Expansion Plan Pass is a technology company that is improving the online shopping experience by making the process of checking out easy and seamless for online shoppers through its one-click checkout platform. Read more Latest News Absa And Mastercard Partner To Create Access To 50,000 Dignified And Fulfilling Jobs For Young People To leverage digital technology to drive financial inclusion at scale and enable Absa Bank Ghana to provide financial and technical support to scale up promising Fintech start-ups while building their capability to help digitise the MSME space in Ghana. Read more Startups Within The West African Economic And Monetary Union Have New $350k Up For Grabs Until November 30, young entrepreneurs...

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