Browsing: Africa’s Mobile Industry

E-commerce and blockchain transforming Africa’s digital economy

Tech & Business

  • Blockchain is one of the pioneer technologies leading the 4th Industrial revolution alongside AI. It has proven its compatibility with Africa's diverse economy.

  • According to Statista, the total economic revenue drawn from E-commerce within Africa exceeded their initial estimate of $16.5 billion and at an all-time high of $37.77 billion. 

  • Individually blockchain and E-commerce have revolutionized Africa's digital world. Although combined, they ensure rapid efficiency and improvement in Africa's digital economy.

Over the past decade, Africa has relatively gone through a slow but steady metamorphosis within its overall economy. The upcoming 4th Industrial Revolution has shifted young African entrepreneurs' minds. Long gone are the days when Africa is only recognized for its agriculture as the continent steps into a headstrong digital age.

E-commerce has thrived within Africa's borders, having organizations like Jumia, which achieved its unicorn status simply from its endeavours within Africa. E-commerce is a thriving economy slowly but

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Vodafone Group exploring options to grow revenue in Africa

Africa's Development
  • Vodafone Group developed a business tailor-made to deal with Africa’s rising digital economy
  • Etisalat, Vodafone’s largest shareholder, is currently exploring options for investment in Vodacom Africa.
  • A decision to divest assets in a specific market or sell a stake in Vodacom Africa to fund new projects is also on the table

Vodafone Group is mulling strategies of extracting more value from its 65% stake in Vodacom Africa. According to Bloomberg, the telco is working with several advisers to evaluate the various strategic options available including mergers and acquisitions. A decision to divest assets in a specific market or sell a stake in Vodacom Africa to fund new projects is also on the table With the recent decline in Vodacom Africa and its market value in Safaricom, the organization is considering other alternatives.

This new take is crucial given that Vodafone has acquired new interested investors. Liberty Global, Xavier Niel,…

BuuPass, an online ticket booking platform, raises $1.3 million for expansion

Kenya
  • BuuPass provides its users with a Bus management system for managing their operations, inventory and sales.
  • Over the years BuuPass online booking has amassed a total fleet size of 1200 vehicles from over 25 bus companies.
  • Africa’s transport service greatly benefits from BuuPass, allowing smooth operations and services.

Africa’s digital economy has opened doors for every kind of innovation. From shopping through your phone to ordering meals, Africa’s digital revolution has taken the world by storm. Buupass is an online ticket booking platform that has steadily taken over as Kenya’s transport service. On February 13th 2023, BuuPass announced its intent to expand as it raised Sh162.8 million($1.3 million). This will essentially expand its operation from Kenya to Uganda.

BuuPass has taken the initiative and steadily used Africa’s Digital Economy and the Mobile Industry in Kenya to stretch its services beyond everyone’s expectations.

For those who love travelling through the roads …