Why Nigerians Distrust Online “Black Friday” Deals, But Flock to the Stores

  Why Nigerians Distrust Online “Black Friday” Deals, But Flock to the Stores   While being one of the numerous skeptics about Black Friday in Nigeria, new mom, Victoria Feyikemi, kept refreshing the pages of leading e-commerce sites, Jumia and Konga, in search of the best offers for baby monitors. Eventually she gave up when…

Alibaba’s Dominance of China’s (and Global) e-Commerce Market

  Alibaba’s Dominance of China’s (and Global) e-Commerce Market Billionaire investor and Trump gadfly Mark Cuban tweeted at the U. S. President Donald Trump Wednesday, 22 November 2017, asking if he knew how big of an impact a single Chinese company has had on the U.S. stock market. Cuban asked Trump if he realized that…

Why Facebook Chose Nigeria for Its First African Small and Medium Enterprise Council

  Why Facebook Chose Nigeria for Its First African Small and Medium Enterprise Council Facebook (NASDAQ: FB) has launched its first African Small and Medium Enterprise (SME) Council in Nigeria. The council is made up of a combination 15 vibrant start-ups and established SMEs from a range of industries and locations across Nigeria, including Lagos,…

Where Are the World’s Best FinTech Centers?

Editorial Comment: The 2018   IFZ Global FinTech Rankings would do well to seriously evaluate the phenomenal fintech revolution taking place in Africa. A visit to Nigeria’s fintech firm, Paga, as well as Yabacon Valley and Co-Creation Hub, Lagos Nigeria; Silicon Savannah, Nairobi, Kenya (along with other tech hubs that have sprouted up in other Kenyan cities and towns, including Mombasa (SwahiliBox),…

The Skills That Will Define the Fintech Leaders of Tomorrow

  FINTECH The Skills That Will Define the Fintech Leaders of Tomorrow Reuters  25 Sep 2017 by David Craig The launch of a fintech peer-to-peer learning platform offers a new model for finance professionals to keep up with the accelerating pace of change. Imagine having to know about everything to be successful in today’s world. New knowledge…

  Africa’s data revolution: Accelerating development through data-driven decision-making   5TH OCTOBER 2017 BY: IN ON AFRICA IOA It is essential that Africa’s data revolution be viewed as the joint responsibility of governments, international agencies, civil society and the private sector. Good quality data enables forward thinking and informed decision-making – both of which are critical in…

IBM Now Has More Employees in India Than in the U.S.

  IBM Now Has More Employees in India Than in the U.S. IBM has shifted its center of gravity halfway around the world to India, making it a high-tech example of the globalization trends that the Trump administration has railed against. By VINDU GOEL SEPT. 28, 2017 https://www.nytimes.com/2017/09/28/technology/ibm-india.html?emc=edit_th_20171001&nl=todaysheadlines&nlid=41594720   BANGALORE, India — IBM (NYSE: IBM) dominated the…

Do You Know the 68 Things You Cannot Say on China’s Internet?

68 things you cannot say on China’s internet STEVEN LEE MYERS and Amy Cheng| © 2009 The New York Times | Sep 25, 2017 HIGHLIGHTS 68 categories of material are censored on internet in China. Words that describe explicit sexual acts are out. Ridiculing China’s historical revolutionary leaders are also prohibited. BEIJING: Song Jie, a writer in central…

China’s $5.5trln Mobile Payment Taking Over the World as It Dwarfs America’s $112bn Market by 50 Times

“In China, the traditional wallet has been replaced by an electronic wallet on a smartphone. It’s common to make all of your payments for daily needs through that smartphone, using one of two main electronic payment providers: WeChat Pay or Alipay. WeChat Pay is part of the WeChat messaging family, owned by Tencent, and Alipay…