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Fintech Innovation Growth now Giving Kenya Wings to Fly

Fintech (Financial Technology) innovation growth is currently aiding Kenya with wings to fly and soar. Fintech has been a major key factor in the growth of the country ever since the Covid-19 Pandemic hit. As most countries move past the economic downsides caused by the pandemic, Fintech has allowed for improvement in terms of financial access for the unbanked and underbanked.

The pandemic revealed and aggravated the financial inclusion space among the underprivileged lacking access to financial services with stats showing about 2 billion people worldwide who do not have access to financial institutions.

However, according to IFC ( International Finance Corporation), the growth of digital financial services in sub-Saharan Africa has led to a sharp rise in the number of people benefitting access to financial services in the region with almost half of Seven hundred million (700M) users worldwide.

The rise in the adoption of mobile tech is encouraging tech innovators to invent infrastructure that will serve the potential of changing how payments will be made forever.

The Central Bank of Kenya (CBK) in 2020 did a survey that showed digital and mobile innovations will play a key role in responding to the Covid-19 pandemic. This is coming to fruition as the demand for inexpensive and convenient financial services is on the rise across Africa and the globe.

From an end-user perspective, Fintech gives financial flexibility with the provision of substantial mobile payment solutions that makes the transfer of money or access to loans easier through mobile devices.

This sort of flexibility has remarkably reduced money handling costs like fees, interest rates on money transfers, as well as loans for small businesses making e-payment more affordable.

Fintechs are creating rapid solutions for building modern financial structures while large financial organizations like banks take a long time to get innovations into the market.

Licensing and regulation are important to safeguard consumer interests but also critical to the rapid rise of innovation. Fintechs especially are counting on the government to ease market entry and play the role of an enabler to some extent in doing business.

To encourage the growth of Fintech start-ups in a growing young economy like Kenya, motivation will aid the facilitation of steady undisrupted growth from early stages of most of these businesses.

Also, regulators such as CBK, Capital Markets Authority (CMA), and Communications Authority (CA) could provide unrestrictive policies that will enhance and make it easy for fintech start-ups to innovate and grow.

In addition, Fintechs should look into important partnerships to facilitate their growth, enhance their users’ experience and profitability. Hence, strategic allies between fintech, banks, and various payment gateways will create opportunities for competition in niche markets such as the payments solution space.

Being supportive of the growth of digital financial services, in the long run, will aid the unlocking of local market economic opportunities.

It thus will be appealing to see how the evolving process of innovations and solutions in Kenya will lead to a more digitize and inclusive economy for the country.

Siemens Engineering and Technology Stream Bursary Applications for South Africans

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Siemens South Africa Proprietary Limited is a local subsidiary of Siemens Aktiengesellschaft (“Siemens AG”), which is based in Germany. Siemens AG is a worldwide technology leader that connects the digital and physical worlds together for the benefit of customers and society. The company focuses on intelligent infrastructure for buildings, decentralized energy systems, and process and manufacturing automation, and digitalization.

Every year, we look for graduates who are willing to take the initiative and make a difference in the fields of engineering and technology. We’re seeking true game changers, innovators, and trendsetters. The Siemens Bursary Scheme is for you if you are interested in Engineering and Technology. We want to empower you so you can reach your dreams and build your next adventure.

Eligibility

  • Bsc/B.Eng Electrical Engineering – Heavy Current
  • Bsc/B.Eng Electronic/Engineering – Light Current
  • BSc Information Technology
  • B.Eng in Electrical and Electronic Engineering (Mechatronics)

Academic and Personal Record

  • English – Level 5 and Above
  • Pure Maths – Level 5 and Above
  • Physical Science – Level 5 and Above
  • Unemployed South African Citizen between 18 – 25 years
  • Completed Matric/Grade 12
  • A minimum Academic Average of 65% and above in the year that you are applying for the bursary i.e. in grade 12 or Tertiary Level
  • Studying/be accepted to start studying full time within one of the fields of study stipulated above.

Criteria

  • Select an institution that is locally recognized.
  • Meet the registration criteria of the Training Institutions
  • Proof of acceptance by the training institution is required before a bursary can be awarded
  • Students should not be receiving any other funding e.g. National Student Financial Aid Scheme (NSFAS)
  • Students should be willing to work for the company during vacation periods.

Application Process

  • Students from disadvantaged backgrounds will be given preference.
  • Students who meet the above minimum eligibility requirements may apply by submitting clear copies of the following supporting documents:
  1. Motivation Letter
  2. Curriculum Vitae
  3. ID Document
  4. Matric Certificate
  5. Fully Tertiary Academic Record (If Applicable)

Next Phase

Your application will be reviewed after all your documents and information have been received. Our Siemens Recruiter/Bursary coordinator will contact you for a virtual video interview if you meet the bursary academic criteria.

You will be awarded a Bursary for that particular year of study.

For more information and to apply

Visit the official page of Siemens 

The Baobab Network Technology Accelerator 2022

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The Baobab Network invests in early-stage businesses all around Africa. It was formed by Africa’s most daring innovators and future business leaders.

Since 2016, we’ve been working with African entrepreneurs, and in 2019, we launched our world-class accelerator, which provides founders with the cash and platform they need to take their businesses global.

In exchange for 10% equity, we provide start-ups $25,000 USD in financing and two years of personalized support, including a dedicated venture partner. Our ventures team works with our portfolio companies to help them scale by accelerating growth, building capacity, and unlocking the next rounds of investment.

We’d love to talk to you if you are building the next Flutterwave, Sendy or Alerzo.

Application for 2022 Accelerator Program

Who can apply?
  • Early-stage technology or technology-enabled businesses
  • Living and working in a key market that we cover in Africa
  • Companies across many sectors and verticals. See our FAQ’s for companies we don’t specialize in.
What should I do before I apply?
  • Familiarise yourself with our FAQ’s and our Application Form
  • It takes about 15 to 25 minutes to complete the application form, and the more information you can supply ahead, the better.
What do I need to apply?
  • We specialize in early-stage companies, and we prefer companies that have produced an MVP of their product or service or are in the early phases of scaling.
  • Provide documents to support your application like investment deck, cap table, traction document, etc.
When can I apply?
  • We are a non-cohort based accelerator, for now, so we accept new businesses onto the accelerator programme throughout the year
  • We assess applications on a rolling basis, so if you’re interested in receiving financing, please contact us. Within 2-3 months, a member of our team will contact successful applicants.

The Process

1 Week of World-Class Consulting

We begin by creating a worldwide team of 3-4 business and industry professionals to collaborate with entrepreneurs on a 5-day in-country consulting project to address the most pressing difficulties they face.

2 Years of Hands-On Venture Support

For the next 24 months, each start-up is assigned a dedicated Baobab Venture Partner, who develops and implements a unique business acceleration plan and provides remote, hands-on support to the founders.

Lifetime Access to Our Network

Our extensive network of worldwide partners is ready to give its services and expertise, run pilots and explore early commercial collaborations, and help start-ups with grants, equity, and debt funding.

Application Deadline: December 31st, 2021

For more information and to apply: Visit the official page of the Baobab Network Technology Accelerator 2022

Juniper Research: Mobile Money Transaction Values to Exceed $870 Billion in Emerging Markets by 2026

According to the latest research report by Juniper Research, Mobile Money Transaction values will exceed $870B in emerging markets as the Payments-as‑a‑platform Model Accelerates by 2026 from $555B in 2021 which shows an exceeding growth of about 60%. 

The detailed assessment report on how mobile money transaction is currently boosting financial inclusion in emerging markets splits by four(4) key regions which include Africa & Middle East, Indian Subcontinent, Latin America, and the rest of Asia Pacific. 

The major focus of the research was on the 4 significant segments of mobile money usage proving Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis for these and an extensive future market outlook. 

The forecasts and the SWOT analysis in the research report focus on the following segments: Microinsurance, Microloans, Micro savings, and Mobile Money Transfer.

This growth stated by the research report will be initiated by the transformation of mobile money vendors like M-PESA, to Payment-as-a-platform (PaaP) model. The PaaP model allows its users access to third-party services like eCommerce and the creation of additional streams of revenue.

PaaP model is identified to play a critical role in a revenue increase for mobile money vendors as user expectations are on the rise as well as smartphone adoption. The report also recommends that mobile money vendors should leverage the opportunity of merchant partnerships to focus on building their ecosystem now. 

Microloans Represent Fastest-growing Segment

The new research report shows that microloans will be the fastest-growing segment within mobile money having over 180% growth in the next 5 years. The research identified microloan as a lead for mobile money service providers to increase their revenue by offering banking-like services. Research and co-author Damla Sat also stated that:

“Microloans are by their nature small-scaled, they are significantly growing rapidly enabling users access to credit such as financial inclusion rises. By offering users these services, mobile money services can pre‑empt competition from banks, while increasing their average revenue per user thereby creating a virtuous circle.” 

Africa & Middle East Leading Mobile Money Development

The research has unveiled that Africa and the Middle East are in the limelight to dominate mobile money transactions values in the next five(5) years thereby accounting for about 56% of the global emerging market values by 2026.

It is recommended that African Vendors focus on expanding revolutionary mobile money services like micro-savings, microinsurance so as to harness the rapidly growing opportunity.

Mobile Money in Emerging Markets market research: https://www.juniperresearch.com/researchstore/fintech-payments/mobile-money-services-research-report

Download the whitepaper: https://www.juniperresearch.com/whitepapers/the-new-wave-of-fintech-innovation-in-emerging

 

 

Pollicy’s Fellowship Programme 2022

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Pollicy’s Fellowship has set out to introduce students and young professionals to Civic Technology alongside research programmes. The fellows will be allowed to provide contribution to the field’s knowledge through their data skills.

The fellowship is for six months and has the following opportunities; collaboration with Civic tech innovators, conduction of research, getting to explore ways to improve government services through civic tech.

Fellows will do final research, create different products, publish blog posts, and host offline and online events. They will also work with the Pollicy team and partners.

Pollicy will choose four fellows to recruit and empower towards its many data initiatives for the 2022 fellowship. The roles include:

  1. Research Fellow, Anglophone 

Location: remote or Kampala

2. Research Fellow, Francophone

Location: remote or Kampala

3. Communications Fellow

Location: Kampala 

4. Community Engagement Fellow

Location: Kampala

When is the Deadline?

January 10, 2022

What are the Activities for each Role?

  1. Research Fellow,  Anglophone:
  • Work with research team, develop a final body of research 
  • Identify solutions that advance social, political and economic rights
  • Collaborate with team to design tech products.

2. Research Fellow, Francophone:

  • Maintain relationships with local stakeholders and partners
  • Work with remote research team
  • Design survey questionnaires
  • Conduct research
  • Check and analyze data

3. Communications Fellow:

  • Write, design and develop online content 
  • Publish data-related stories
  • Engage the public
  • Share data and research work

 4. Community Engagement Fellow:

  • Plan, organise and market organisation gatherings online and offline
  • Assist in the development of a community network

What is the Reward?

Each gets a monthly stipend of UGX1,750,000 ($491).

For more information, visit the official website.

To apply, click here.

E-learning Africa 15th International Conference and Exhibition

The E-learning Africa annual conference and exhibition, established in the year 2005, is the largest and most comprehensive knowledge-sharing event for technology-enhanced education, training, and skills on the African continent.

This is a global forum for anyone in Africa interested in education, training, and skills development. It has successfully offered thousands of professionals in the sector of education, training, and development invaluable insights into the evolving world of ICT-enhanced learning in the past years.

Africa conference and exhibition is a unique event on technology-supported learning, training, and skills development, E-learning Africa is a network of experts, practitioners, policymakers, and investors committed to the future of education and training.

The conference allows for diversity, rich content, and a thought-provoking program that includes pre-conference workshops and launches, debates, plenary sessions, discovery demos, knowledge factories, and an annual ministerial round table and also a big exhibition and demonstration area to host leading international and African Edutech organizations across various sectors in Africa.

Details of Event

Location: Kigali Convention Center, Rwanda.

Date: May 11- 13, 2021.

The conference will be held in ENGLISH and FRENCH

The eLearning Africa Exhibition

This is a networking hub hosting international leads in African education, training, tech companies, and institutions. It shows the full spectrum of innovations in Edtech ranging from gamified learning apps to online proctoring tools, industries leading LMSs to augmented reality devices, content providers of explainer videos, well-established publishing services to pioneering educational hardware, and lots more to provide all academics, corporate and public sectors learning and training needs.

This diversity and the comprehensive mixture make the exhibition appealing to analysts, buyers, and investors in Edtech. 

It allows for exploration of leading learning technology providers and acquainted with disruptive business models of international Edtech startups which aid in finding partners and solutions for a successful digital transformation.

If you would like to position your organization as a market leader to the eLearning Africa community of learning, training, technology professionals, and decision-makers, there’s a chance for you as there are offers on flexible exhibition, sponsorship and partnership packages that will place your brand under the spotlight. Send a mail here: marketing@elearning-africa.com

Registration and Fees

Participants: € 690 (Standard rate)

African Nationals based in Africa (not working for international organizations and global corporations):   € 420 (Standard rate)

Exclusive of VAT if applicable

REGISTER NOW

Please note that conference materials, coffee breaks, and lunches on the main conference days are included in the fees. The fees do not include pre-conference events, accommodation, travel costs, or Book of Abstracts.

Also, African participants are partially being subsidized by ICWE and granted a discount towards the standard conference registration fee of €690.

 

 

UI-UX Designer at Webcoupers

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Webcoupers is looking for a Senior Designer to create and oversee digital and print creative solutions that will help us meet our marketing objectives. You should have extensive knowledge of graphic design, styles, and layout approaches to be successful in this position. You should also have experience managing marketing initiatives from conception to completion, such as websites, user interface/user experience design, brochures, and product packaging. Finally, you’ll make certain that the design team supports our brand by delivering high-quality things on time.

About Webcoupers

We’re a technology and marketing firm dedicated to helping forward-thinking companies innovate and grow. We’re data-driven, technology-driven, and conversion-oriented. Our goal is to help African businesses succeed by providing locally relevant, world-class solutions. Digital transformation, digital marketing, product and service design, and web development are some of the services we offer.

We use data and technological solutions to assist our clients in transitioning from old business models to digital business models, allowing them to fully exploit the benefits that digital presents. Google recognizes us as West Africa’s sole Premier Advertising Partner.

The job role

Commitment: Full-time
Location: Lagos, Nigeria
Deadline: December 7th, 2021

This role is a cross-functional role with user-experience design, user interface design, and creative design responsibilities. This role requires a generalist designer who understands users, design standards and user experience to build products that users love.

The Product Designer will be responsible for working on the conceptualization, prototyping, design of a range of ambitious and innovative software products. The designer will also be responsible for developing design systems of existing and new products. A fundamental understanding of typography, layout and art direction is required to help the team produce the best work possible.

Great knowledge of the following concepts are required:

  • User Interface Design
  • UX Research
  • Strategy-led Design
  • Product Design
  • Mobile-first web design
  • Agile Product Management
  • Design Systems

Responsibilities

  • Oversee all design projects, from conception to delivery
  • Design original pieces, including illustrations and infographics
  • Review junior designers’ work to ensure high quality
  • Refine images, fonts and layouts using graphic design software
  • Apply typography techniques
  • Generate ideas to portray concepts and advertise products/services
  • Increase user-friendliness in digital products
  • Maintain brand consistency throughout all our marketing projects
  • Liaise with marketing and design teams to ensure deadlines are met
  • Stay up-to-date with industry developments and tools

Requirements

  • Proven work experience as a Designer, Graphic Designer, UI/UX Designer or similar role
  • Portfolio of completed UI/UX design projects & Graphic Design/Branding Projects
  • Hands-on experiences with image editing software, like Photoshop and Adobe Illustrator
  • Proficient in design software (e.g. InDesign)
  • Skilled in prototyping and UI Design Software, e.g. Fima and Adobe XD
  • Strong aesthetic skills with the ability to combine various colours, fonts and layouts
  • Attention to visual details
  • Ability to meet deadlines and collaborate with a team

Benefits

  • Opportunities for career growth in a fast-paced environment with passionate people.
  • Leave & training allowance
  • Remote-Friendly with flexible working hours
  • Opportunity to grow and work on multiple B2C and B2B Products across different sectors.
  • A fast-paced work environment with passionate people who love what they do.
  • Do something meaningful; Be a part of building the future of the digital economy across the African continent and emerging markets
  • Fast-moving, challenging and unique business problems
  • Health insurance

Click here to apply

South African Crowd-Solving Startup, Zindi, Builds a Community of Data Scientists

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Zindi, a South African crowd-solving startup has built a community of data scientists. The company is concerned about using AI to solve real-world problems for companies and individuals. It has done that over the last three years of its existence.

Last year, a group of data scientists led by Zindi used machine learning to improve air quality monitoring in Kampala, while another group assisted Zimnat, a Zimbabwean insurance company, in predicting customer behavior, particularly who was most likely to leave and what interventions could persuade them to stay. Zimnat was able to keep its consumers by providing customized services to people who would have left otherwise.

These are some of the solutions that have been developed to address the data-related concerns that businesses, non-governmental organizations, and government agencies have presented to Zindi.

Zindi
Zindi

Zindi posts challenges and asks its data scientists to participate in problem-solving competitions. Data scientists who participate submit their solutions, and the winner receives a monetary award. The competition hosts get to use the best outcomes to meet the issue they were given, such as in AirQo’s air quality monitoring project, which sought solutions for forecasting air pollution across Uganda, and in assisting Zimnat in reducing its losses.

“As a result, AirQo now has a dashboard where the public can examine air quality and forecasts. “One of the interesting aspects of this project is that AirQo has engaged two of the competition winners to assist with the project’s execution,” stated Celina Lee, co-founder, and CEO of Zindi. Megan Yates from South Africa and Ekow Duker from Ghana are the platform’s other co-founders.

“AirQo also raised funding from Google based on the solution that they built, and they’ll now be replicating it in other African countries,” Lee said of the competition, which was organized in collaboration with the University of Birmingham’s Digital Air Quality East Africa (DAQ EA) project and Makerere University’s AirQo project.

Microsoft, IBM, and Liquid Telecom UNICEF, and the South African government are among the significant private and public companies that have used Zindi.

Lee is pleased with what Zindi has accomplished thus far and optimistic about the community’s future, given how quickly the crowd-solving startup has developed since its inception. The platform is now providing alternatives and increasing competition against traditionally pricey consulting firms operating across Africa.

Since the beginning of last year, Zindi’s user base has tripled to 33,000 data scientists from 45 nations across Africa. It has also awarded $300,000 in prize money to data scientists.

This number is expected to rise as it prepares to hold the third inter-university Umoja Hack Africa challenge in March of next year, in which college students will compete for various solutions.

The inter-university competition is being used by Zindi to expose students to realistic data science experiences and to tackle real-world problems with AI. Last year’s event drew roughly 2,000 students, despite the fact that the event was held virtually due to the pandemic.

“Students get to develop their first machine learning models, and it opens up all kinds of avenues for their professions and education,” said Lee, a native of San Francisco.

To “shorten the road from studying to earning,” Zindi has created a job platform. By posting job openings on the talent placement platform, businesses can access their talent pool.

After recognizing a knowledge gap and the need for training, the crowd-solving platform plans to incorporate a learning component that would provide training material to aspiring data scientists. Furthermore, according to Lee, the majority of Zindi’s users are university students in need of learning experience and better skills to tackle real-world challenges.

The expanded plans will be made feasible by the platform’s recent $1 million seed funding.

“For us, it’s all about scaling the community and providing more value to all of our data scientists,” Lee explained.

“As a result, we’re going to use the cash to offer a lot more learning content, because one of the things we recognize is that data science is such a young subject, especially in Africa.” And many of our data scientists are still in school or are just starting out in their professions. And all they want is an opportunity to study and improve their talents.”

Shakti, a San Francisco-based venture capital firm, led the seed round, which also included Launch Africa, Founders Factory Africa, and five35.

According to Lee, all of these activities are aimed at developing a strong data science community in Africa and for the continent, with the goal of reaching one million users in the near future. This, she said, will be accomplished through providing early-career data scientists with training opportunities and building a robust community that supports collaboration and mentorship.

“We want to make data science something that every young person interested in pursuing this career has access to the tools, the connections, and the experience that they need to have a successful career in this industry,” Lee said.

“Our goal is to make AI accessible to the general public.”

Cisco Global Problem Solver Challenge 2022

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Cisco has a commitment to impact the lives of 1 billion people by 2025, and as such, they look to empower global problem solvers who can keep up with the digital economy.

Cisco Systems, Inc. is an American multinational technology conglomerate corporation headquartered in San Jose, California. Integral to the growth of Silicon Valley, Cisco develops, manufactures and sells networking hardware, software, telecommunications equipment and other high-technology services and products.

The 2022 edition is the 6th annual Cisco Global Problem Solver Challenge. This programme aims to acknowledge ideas that utilise technology for social impact by early-stage startuppers across the world.

The rewards of this programme are meant to foster the adoption of new technology that aids economic development and resolves social or environmental issues.

Who can Enter?

Persons who use digital/tech-based solutions to impact society or the environment. The focus of impact comprises water, food security, healthcare, education, financial inclusion, and the environment, amongst others.

When is the Deadline?

February 11, 2022

What are the Prizes?

  • $250,000 Grand Prize: a single team will be the grand prize winner
  • $75,000 Regional First Runners-Up: three teams will receive this cash prize each
  • $50,000 Second Runners-Up: three teams will claim this each
  • $10,000 People’s Choice
  • $15,000 Cisco Employee’s Choice 

Special Prizes

  • $100,000 Climate Impact and Regeneration Prize
  • $50,000 Climate Impact and Regeneration Prize Runners-Up 
  • $50,000 HBCU Startup Prize

Programme Timeline

  • November 30, 2021: Applications open
  • February 11, 2022: Applications close
  • April 26, 2022: Semi-Finalists are invited to submit
  • May 20, 2022: Semi-Finalist submissions close
  • July 5, 2022: Finalists announced and People’s Choice Voting opens
  • July 29, 2022: People’s Choice Voting closes
  • August 23, 2022: Winners announced.

For more information, visit the official website here.

To apply, click here.

Interswitch Supports DevFest Lagos, Reiterates Commitment to Boost Nigeria’s Tech Ecosystem

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Interswitch has reaffirmed its support for Nigeria’s tech ecosystem by sponsoring Developers Festival (DevFest) Lagos 2021. Africa’s leading integrated payments and digital commerce company announced that it will be collaborating with other tech companies in Nigeria to sponsor the festival holding on Friday, December 3, at the Landmark Event Centre in Lagos.

The homegrown technology business that has been announced as a platinum sponsor, plans to use the sponsorship to give a platform for tech aficionados to interact, share ideas, and innovate. This sponsorship demonstrates the company’s dedication to enhancing the professional development of Nigerian tech enthusiasts, hence contributing to Nigeria’s continuous advancement in the global tech scene.

The yearly event is one of the most well-attended developer conferences in the world, attracting thousands of developers to network and celebrate the role of technology in today’s world. The focus of this year’s event will be on issues concerning the future of blockchain, mobile and web development, design, cloud computing and machine learning, and other trending topics.

The event would be held at Google Developers Group Lagos. The group provides an opportunity for developers to form a community and discuss their common interests while also generating ideas for bringing about change – both locally and worldwide – using technology.

Developers will learn more about emerging technologies and their applications during the event. Cherry Eromosele, Interswitch Group’s Group Chief Marketing & Corporate Communications Officer, spoke about the sponsorship and emphasized Interswitch’s commitment to helping Nigeria’s IT sector.

“As a technology firm, we are aware that technology will be at the heart of most of the continent’s solutions, including payment,” she said. As a result, one of the ways we contribute our quota to the development of African talent and the localization of emerging technologies to effectively participate in the fourth industrial revolution is by supporting the developer’s community. DevFest Lagos has been selected as one of those touchpoints by Interswitch, which is continually looking for chances and venues that promote conversations around technology in Africa. As a result, the Interswitch Group’s unwavering commitment to growing Africa’s immense IT potential and supporting platforms that promote this purpose cannot be questioned.”

The event will feature famous subject matter experts in the IT field who will lecture on a variety of topics related to technology. For nearly two decades, Interswitch has championed innovation in the payments business in Nigeria, investing in the development of tech talent on the continent.

InterswitchSPAK is one of these initiatives that trains and nurtures the best of Nigeria’s sharpest minds in STEM vocations, giving them problem-solving skills and financial help to achieve their professional goals.

The major payments company is pushing a better developer and software engineering experience through its engineering staff, as well as giving a platform for developers to learn about the payment ecosystem’s intricacies.