Trending
Heat Index
Business
 
Read More
5
 
Read More
5
 
Read More
3

Calendar
June 2019
M T W T F S S
« May    
 12
3456789
10111213141516
17181920212223
24252627282930
Posts Tagged ‘Business’
Most Recent
 
Read More
June 11, 2019

A platform for Africa’s mobile innovators

Africa’s Talking gives entrepreneurs on the continent an easy way to add voice- and text-based functions to their solutions.

Sam Gikandi ’05 SM ’06 and Eston Kimani ’05 have always believed in the potential of Africa’s entrepreneurial community. Their years at MIT, beginning in 2001 when they left their home country of Kenya, only reinforced that belief.

Through the MIT-Africa initiative and other campus programs that allowed them to work in regions across the African continent, they met hundreds of established and aspiring software developers, many of whom were in various stages of starting companies.

In order for these developers to maximize their impact, [...]

5
 
Read More
June 10, 2019

Maybe Africa really will become the new China

When people tell me that Africa will be the new China, I’m not as incredulous as I used to be. The continent is showing potential, and progress could come from what many consider to be a highly unlikely area: manufacturing.

All across Africa, investors — many of them private entrepreneurs from China — are building factories. Others from India, Sri Lanka, and Bangladesh are joining in, while car companies from Japan, Germany, and South Korea are declaring their intent to put assembly plants in places such as Ethiopia, Tanzania, and Ghana. Meanwhile, overall African growth is looking impressive. The International Monetary Fund forecasts that 6 of the top 10 fastest-growing [...]

3
 
Read More
June 3, 2019

Safaricom, Vodacom plan $13 million M-Pesa deal

Kenya’s Safaricom will start a joint venture worth $13 million with South Africa’s Vodacom to acquire the intellectual property rights of M-Pesa from Britain’s Vodafone, Safaricom’s CEO said on Thursday.

The two mobile phone operators will acquire the intellectual property rights to the financial services platform M-Pesa, from Britain’s Vodafone.

Safaricom chief executive Bob Collymore said the deal would be used to expand M-Pesa services to more African markets, and to develop new products.

“It is about us (Safaricom) determining the future and the roadmap of M-Pesa. Because at the moment the roadmap is determined by Vodafone, and given that the bulk of the [...]

4
 
Read More
May 20, 2019

MTN Nigeria debuts with $6.5b listing in Nigeria Stock Exchange

MTN Nigeria, owned by South Africa’s MTN Group, on Thursday listed in Nigerian Stock Exchange (NSE) in a N2 trillion ($6.54 billion) flotation.

The listing turns the telecoms company into the exchange’s second-largest stock by market value. MTN Nigeria’s shares climbed 10 percent from their listing price of 90 naira after the float went live.

“The telecoms space accounts for a little over 9 percent of GDP so bringing in the big companies in that space is very critical for us and MTN being the largest and the market leader, this is a major listing for us,” said CEO, Nigeria Stock Exchange, Oscar Onyema.

The listing is aimed at helping to settle rows with Nigerian [...]

5
Top Stories
 
 
 
 
 
 
Health Tips
 
CAN YOU EAT YOUR WAY TO BETTER ASTHMA CONTROL?