Africa Data Centres has drawn down the first tranche of USD 83 million out of the USD 300 million strategic investment from the United States International Development Finance Corporation (DFC) approved in 2021. This initial tranche is being applied towards expanding ADC’s data centres in South Africa. Subsequent disbursements from DFC will be used to realise the expansion of ADC’s footprint of data centres in other DFC-eligible African countries. ADC is executing an ambitious plan to build data centres in ten of Africa’s largest economic capitals, including Abidjan, Accra, Lagos, Cairo, and Casablanca. And to existing data centres in Johannesburg…
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Global payments company WorldRemit announced the results of its 2022 Cost of School study observing how the changing economic environment has affected the true cost of education across 21 markets globally. The study shows that Kenyan families will pay more than 1.75 times their household monthly income on school supplies. With the back-to-school season fast approaching, the study, first launched in August 2021, compares the average cost of basic educational needs with average annual incomes and fertility rates to determine the season’s financial impact on families around the world. Year-over-year findings Of the 10 countries examined in both 2021 and…
As of May 2022, the total app downloads globally reached 36.9 billion in Q1 2022, a 1.4% increase compared to Q1 2021, a report by Sensor Tower shows. This is proof that billions of people globally have embraced Digital transformation and smart connections. According to the 2022 GSMA Mobile economy report, 75% of the 8.3 billion sim connections globally are on smartphones. In Kenya, there were 26.5 million smartphones connected to different networks according to the communications authority sector statistics Q3 report released in March this year. This is 54.6% of all device penetration in the country, meaning over half of…
Yellow Card Financial has announced its new payment feature – Yellow Pay. This innovative solution will make it easier for customers to send and receive money through the Yellow Card crypto exchange platform, without any extra charges, instantly all from the comfort of their home. Oparinde Babatunde, Yellow Card Director of Operations, says one of the biggest challenges in Africa is the difficulty in money transfer. Stating that it is easier to send money from Nigeria to the US, than it is to send money from Nigeria to Ghana or Zambia. And in the instances where it is possible it…
Visa has today announced a grant towards the African Women Impact Fund (AWIF), a collaboration between Standard Bank and the United Nations Economic Commission for Africa (UNECA). The grant will be utilized to fund the working capital needs of women fund managers across South, East, and West Africa and will target 55 women who responded to AWIF’s call to action and have been part of their programme since 2020. Visa’s grant to the AWIF is an extension of the She’s Next program, a global advocacy program for women-owned businesses that has been expanded to Sub-Saharan Africa to further champion and…
LG Electronics has unveiled its latest Side-by-Side and Top Freezers refrigerators with new design innovations and upgraded features for 2022. Delivering sophisticated style and improved user convenience, the sleek, one of the new models boasts an enhanced InstaView Door-in-Door and LG’s proven technologies for maximizing food freshness. Giving his remarks during the launch, Sa Nyoung Kim, Managing Director LG East Africa said, “The new lineup meets the growing demand for refrigerators that offer good design, better convenience, and hygiene and health features that help protect consumers and their loved ones,” adding that, “By being energy-efficient and effective at extending food…
ASUS has announced the much-anticipated Zenbook 17 Fold OLED (UX9702) virtual launch event, where it will reveal the design story, specifications, pricing and availability of this groundbreaking 17.3-inch foldable OLED laptop. The event will also announce details of the ASUS booth at the upcoming IFA 2022 trade show in Berlin, Germany. This remarkable laptop, which has impressed the world with its versatility, originality and ingenuity since it was first presented at CES 2022, is now ready for general release. The roll-out schedule will be detailed at the event. The virtual launch event will take place on August 31, 2022, at…
Samsung will be launching its next foldable devices next week. The company has confirmed this saying the unpacked event is scheduled for 10th August 2022. The two devices will be the Samsung Galaxy Z Fold 4 and the Galaxy Z Flip 4. https://www.youtube.com/watch?v=vtqc8c8beDE “Last year, we saw almost 10 million foldable smartphones shipped worldwide. That’s an industry increase of more than 300% from 2020, and I predict this fast-paced growth will continue. We are reaching the moment where these foldable devices are becoming widespread and staking a bigger claim in the overall smartphone market. More importantly, Samsung Galaxy foldables have…
By Habib Mahakian, Vice President – Emerging Africa, Dell Technologies Our world needs technology now more than ever. The future of the economy and our communities depends on the ability of government, business, and stakeholders to address many societal issues, and investing in digital transformation is the key to success. In countries across Emerging Africa, governments continue to lead the way in recognizing the critical role of technology in reimagining society and enabling human progress. With the global digital transformation market size set to grow from $521.5 billion in 2021 to $1247.5 billion by 2026, we’re seeing some important shifts that are driving the continuous evolution…
The Kenya Women Parliamentary Association (KeWoPa) has launched a video campaign calling on the public to avoid and curb online abuse and harassment as well as physical violence against female politicians. The campaign, dubbed #HeshimuDada, is an initiative of KeWoPa and Google Kenya among other partners. The short video campaign (available on the KeWoPa YouTube channel) has voices from various female politicians and leaders in the country including Prof Margaret Kobia, the CS for Public Service, Gender, Senior Citizen Affairs and Special Programmes; HE Rachel Ruto, the Spouse of the DP William Ruto; HE Anne Waiguru, Governor, Kirinyaga County; Hon…