Connect with us

Technology

What The Google CEO’s Visit To Nigeria Means For Africa

mm

Published

on

Google CEO Sundar Pichai

In the last few months, three global tech giants have visited Nigeria, Africa’s most populous country. Microsoft’s CEO, Satya Nadella; Facebook’s Founder, Mark Zuckerberg; and Sundar Pichai, Google’s CEO, have all set foot on Nigerian soil recently. Is Africa really becoming the future hub of global growth, as Zuckerberg asserted?

There are many indications this is so, and the rising focus on the continent’s digital economy is a clear pointer.

While everything is all about helping Africa progress up the ladder of digital opportunities, Google’s visit comes with a pledge to empower 10 million African youths with salient digital skills. “Thrilled that we’re expanding our digital skills program to train 10M Africans over the next 5 years #GoogleforNigeria,” Sundar announced on Twitter while in Nigeria for the Google for Nigeria Conference at the end of July.

However, one might question the feasibility of this goal. Interestingly, Google has just completed an incredible test run with Digify. In the last year, one million Africans (400,000 Nigerians, 300,000 South Africans, 200,000 Kenyans and 100,000 from other countries) have benefited from the initiative poised to entrench digital skills and technological innovations in the sub-Saharan region.

To understand what this means for Africa, here are some important programs/plans to be aware of:

  1. Training of 100,000 software developers

If Digify has exposed a million young Africans to various digital skills, as stated by Google South Africa country director, Luke Mckend, new plans are now in place to take things a notch higher.

In the next five years, Google plans to prepare 10 million African youth for “jobs of the future”. More importantly, the tech giant will be training 100,000 software developers. “We’ll also be providing mobile developer training to 100,000 Africans to develop world-class apps, with an initial focus on Nigeria, Kenya and South Africa,” says Google.

  1. Google grants

Funding is a tough challenge faced by start-ups everywhere. In Africa, it’s even tougher. Concerned about this, Google is committing $20 million to causes targeted at improving lives across Africa and $2.5 million initial grants, in particular, to the non-profit arms of African start-ups, Gidi Mobile and Siyavula.

Google is doing this “to provide free access to learning for 400,000 low-income students in South Africa and Nigeria” and enable them to develop new digital learning tools that would be enjoyed by other users for free.

  1. Launchpad Accelerator Africa

There’s a strong nexus between “future jobs” and the “future of Africa.” And the boggling aspect of it is the dependence of the latter on the former. As it is, Africa needs to maximize the exponential potential of technology and tech entrepreneurship more.

With Launchpad Accelerator, Google plans to support African entrepreneurs in building successful technology companies and products. This initiative, according to Google, will provide more than $3 million in equity-free funding, mentorship, working space and access to professional advisers to more than 60 African start-ups over three years.

  1. YouTube Go

Data cost is a major hiccup in Africa’s Internet of Things. From one country to the other, there are continuous agitations for low data cost to foster internet activities. Luckily, Google is here to help in a way.

With YouTube Go – a new app that will make watching videos with a slower network a possibility – users now have control over the amount of data used on streaming or saving videos. This means watching YouTube videos won’t be as expensive.

  1. Faster web results

The previous points are great, but not enough if the benefit is exclusive to YouTube. Great news: Google is giving an additional offer.

“We previously launched a feature that streamlines search results so they load with less data and at high speed. Today we’re extending that feature to streamline websites you reach from search results, so that they load with 90% less data and five times faster, even on low storage devices,” says Google on giving a better experience for users with 2G-like connections or low storage devices.

The benefits for Africa

Let’s put everything into context…

Africa’s growing demography has huge potential. Yet, it’s a cause for alarm. According to recent statistics, there are only between 3 and 4 million jobs created annually in a continent that will have the world’s largest population of youth (1.1 billion) by 2034. Apparently, the creation of thousands of millions of jobs is urgent.

But not just jobs. Africa needs “future jobs” that will meet future needs.

Given this demand, in an evolving digital world, acquiring the skillsets that will empower Africa’s innovative minds and consequently help them grow businesses, create jobs, and boost their respective economies is a viable way to make Africa the true future of global growth. – Written by Shakir Akorede, writer and founder of 501Words

Technology

The Efficiency Of Mining With Drones

mm

Published

on

Can mines become more efficient – and safe – through tech? Robots, drones and virtual reality tools are now being used for sophisticated drilling operations.

(more…)

Continue Reading

Technology

The Fight of a Bot Named Madiba

Published

on

For one of the biggest robotics competitions on earth, a team of Generation Z-ers from South Africa made their way to Mexico accompanied by a robot with the fists and fury to fight.

(more…)

Continue Reading

Technology

MultiChoice, Africa’s Biggest TV Operator, To Be Listed By Naspers, Africa’s Largest Public Company

mm

Published

on

By

Koos Bekker, billionaire and chairman of Naspers Ltd., reacts during an interview at his office in Cape Town, South Africa, on Thursday, May 7, 2015. South Africa lacks a coherent economic policy and government departments are failing to work together, said Bekker, chairman of Africa's biggest company. Photographer: Halden Krog/Bloomberg via Getty Images

 

Naspers, the emerging markets internet and media giant which is the largest public company in Africa, will list its satellite television subsidiary MultiChoice, it has announced.

MultiChoice’s DStv service is the biggest TV operation in Africa, broadcasting to some 50 countries, and was one of the first satellite companies to pioneer the then newly-minted digital broadcasting when it began in 1996.

The spun-off company will be listed on the Johannesburg Stock Exchange (JSE) and will be known as MultiChoice Group. It will include MultiChoice South Africa, MultiChoice Africa, Showmax Africa, and Irdeto. Naspers will retain its primary listing on the JSE.

“This marks a significant step for the Naspers Group as we continue our evolution into a global consumer internet company,” said Naspers CEO Bob van Dijk. “Listing MultiChoice Group via an unbundling aims to unlock value for Naspers shareholders and at the same time create an empowered, top-40 JSE-listed African entertainment company.”

MultiChoice has been part of Naspers’ Video Entertainment division, which had revenue of ZAR47.1-billion ($3.1-billion), a trading profit of R6.1-billion ($401.6-million) and added 1.5-million subscribers in the last financial year, according to Naspers figures. It “is one of the fastest growing pay-TV operators globally. Its multi-platform business entertains 13.5-million households across Africa.. and employs more than 9,000 people in Africa,” it said. A further 20,000 people are employed by its partners and suppliers on the continent.

MultiChoice offers online streaming services called ShowMax (which offers a pure-play service in Poland) and DStv Now.

“The Video Entertainment business is an African success story. This unbundling and listing is expected to deliver value to the South African economy as well as to Naspers and Phuthuma Nathi shareholders. Naspers will continue to invest in South Africa through our interest in e-commerce business such as Takealot, Mr. D Food, PayU, OLX, Property24, and AutoTrader, amongst others,” Van Dijk added.

Phuthuma Nathi is a Black Economic Empowerment (BEE) scheme in South Africa, BEE is government policy designed to redress the injustices of Apartheid. The unbundling is subject to regulatory approval in various African countries.

“Listing and unbundling MultiChoice Group is intended to create a  leading entertainment business listed on the JSE that is profitable and cash generative. WE offer an unmatched selection of local and original content, as well as a world-class sports offering. Our leadership team is diverse, experienced and well-positioned to take the company forward,” said Video Entertainment chief executive Imtiaz Patel. “There are growth opportunities for MultiChoice Group in Africa. The combination of MultiChoice’s reach, Showmax and DStv Now’s cutting-edge internet television service, alongside Irdeto’s 360-security suite will provide a unique offering. Our customer focus, international and local content, and pioneering technology places MultiChoice Group at the forefront of African digital transformation.”

Earlier this year Naspers sold a 2% stake in Tencent for nearly $10-billion to fund its internet growth and offloaded its share in Indian e-commerce business Flipkart to Walmart. In mid-2016, Naspers became the first South African company to reach the magical R1-trillion valuation.

For decades MultiChoice was the crown jewel of the Naspers stable, until its internet interest – especially Tencent – became the group’s focus. The first channel, called M-Net, was the brainchild of Koos Bekker, now Naspers chairman, who was studying for an MBA at Columbia University. At the time it launches in 1986 M-Net was one of only two pay-TV channels in the world.

Bekker told me that he had seen the success of HBO during his studies and approached Ton Vosloo, then CEO of Nationale Pers (Naspers), a large newspaper group with Afrikaans-language publications, with his idea. Vosloo was keen to find another revenue stream for Naspers which had been awarded a broadcast license by the South African government to compensate them because significant advertising revenue was being spent with the state-owned South African Broadcasting Corporation (SABC).

DStv’s first broadcast in October 1986 was the final of a provincial rugby competition, called the Currie Cup, between provinces then known as Western Province and Transvaal.

But, with massive capital investment and huge overheads, within a year it faced severe financial pressures as it struggled to attract customers.

“By Feb [19]87 our viewing audience was so pathetic we had to give make-good ads to advertisers on the basis of one-paid, two-free,” Bekker told me at the 30th anniversary of M-Net in 2016, where a holographic depiction of Trevor Noah reminisced how integral and influential the channel had been to South African culture.

“By March [19]87 our trading results were turnover of half a million Rand, loss of ZAR3,5m for the month. Since our backers were newspaper groups of small to moderate size, they couldn’t bear that sort of bleeding. We were a few weeks away from the end.”

MultiChoice’s strategic advantage was its choice of new technology (well-made decoders) and a clever change in strategy (from selling to apartment complexes and to single homes), something Bekker would prove adept at doing when he bought a one-third stake in 2000 for $30-million in a then-unknown Chinese messaging company called Tencent, whose QQ instant messaging service now has over 1-billion customers.

The decoders “sold sweetly, since we now needed to persuade only a single guy and it didn’t matter what his neighbors thought”.

M-Net “scraped through by the skin of our teeth, and by the end of [19]88 were breaking even on a monthly basis” and became profitable in 1990. It was listed a year later and Bekker took over as Naspers CEO in 1996, a decade after his big gamble on the nascent digital television market had become a roaring success.

Bekker is now one of South Africa’s best – and best-known – businessman. His gamble on Tencent has made Naspers the most valued listed company in Africa, after AB InBev bought South African Breweries. It is the most valuable media company outside of the US and China and the seventh largest internet company in the world.

Naspers growth and status, as well as its entrepreneurial culture, is because of Bekker, who also brought “equality to this business right in the beginning, thanks to Koos. He set the pace for how the public company in the new coming South Africa would have to look. No discrimination whatsoever.”

He added: “The outlook of being together and all being equal, and no discrimination, set the pace and the scene like no other public company had done up to that time. So in that sense, M-Net is the great pioneer that led us into the new South Africa.”

Vosloo repeated a mantra that has defined both Naspers’ risk taking and Bekker’s first-name leadership style: “Of course he was known as Koos, and everybody says Koos Says So.”

Continue Reading

Trending