Tag Archives: Kenya

IBM plans to train 25 million Africans at its IT academy

IBM is going to train 25 million Africans in digital skills development during the next 5 years. The aim is help improve the level of digital literacy and expand capabilities of the workforce. IBM will spend $70m on the program which will cultivate skills for jobs in cybersecurity, artificial intelligence and the cloud computing.

The initiative is called “IBM Digital – Nation Africa” and it will offer a range of programs from basic IT literacy to highly sought-after advanced IT skills: social engagement, digital privacy, and cyber protection. Advanced students will study career-oriented IT subjects like programming, cybersecurity, data science and agile methodologies, and also business skills like critical thinking, innovation, and entrepreneurship.

The initiative will be organized via platform that is based on IBM’s artificially intelligent system Watson. It will analyze several interactions that the initiative will have with it users to guide them to proper courses and help IBM enrich the courses to better adjust the topics to students’ needs. It will also gather anonymous info from students to further rationalize the service, and establish tips to help users better find adequate courses for them.

In South Africa 31% of people between 15 and 24 are unemployed. Other countries which are supposed to benefit from the IBM’s initiative are: Nigeria, Kenya, Morocco and Egypt. This will let to expand the initiative across the African continent. Africa will have the biggest workforce by 2040, so IBM is already setting the base to create a digital workforce. The company has been present in Africa since the 1920’s, and has a long history of partnership with educational institutions and assuring transformational solutions concentrated on ensuring value to higher education and its input to community.

The IBM’s initiative will be merited by the United Nations Development Program (UNDP), which aims to promote market-driven ICT skills in Africa and the Middle East. IBM will work together with UNDP on STEM (Science, Technology, Engineering, and Mathematics) skills delivery, certification, and accreditation. UNDP will cooperate with their network of existing government collaborations to develop the initiative across Africa.

Bitcoin Payments Startup BitPesa closes $2.5 Million funding round

Bitcoi10325555_1493401967556864_8586931335542230519_nn payments startup BitPesa has collected $2.5m in a new Series A funding round with perspectives to broaden its services further across West and Southern Africa, and also in the UK and Europe.

The Series A round was carried by prominent US-based industry investor Draper VC, with participation from existing investors: the Digital Currency Group, Blockchain Capital, Pantera Capital Management, BnkToTheFuture, Zephyr Acorn and FuturePerfectVC. US venture capital firm Greycroft LLC enters as a new shareholder and investor. The latest funding round results from a strategic investment by BitFury in the company in early 2016. In February 2015, BitPesa gained $1 million in new funding, having closed its first operation in 2014 with over $.17 million in ownership. Totally, BitPesa has gained more than $5 million in funding since 2013.

BitPesa lets African users to buy and sell local African money via bitcoin, with arrangements directly handled to and from bank and mobile money accounts in Africa. BitPesa recognizes bitcoin payments and exchanges the bitcoin for local money. Then it settles local currencies into bank accounts or mobile money wallets. There is a possibility of transactions in over 30 currencies.