Telecom company KaiOS Tehnologies announced June 21 it has secured the support of French group Orange in raising $50 million to improve Internet access in Africa.
With this sum, KaiOs will reinforce its footprint on the growing market of smartphones; a market that should enable 827 million African people have access to digital services.
“We are looking forward to developing more innovative and tailored solutions that will reduce the digital gap in Africa, starting from 2019,” said Sébastien Codeville (photo), CEO of KaiOS Technologies.
The company already took a first step in this direction last May when it launched the Smartphone Sanza in partnership with Orange. The phone integrates voice recognition, long battery life and popular applications, and is sold in Cameroon, Côte d'Ivoire, Burkina Faso and Mali for $20 (11,642 FCfa).
In addition to the lack of telecom facilities, the high cost of quality telephones is also one of the main obstacles to Internet access on the continent. Alioune Ndiaye, CEO of Orange Middle East & Africa, said the group's investment in KaiOS Technologies will help the company develop more low-cost, high-performance mobile devices.
AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...
Fruitful partners with Elsewedy unit to launch processing project in Egypt New facility wil...
Airtel Africa signed a partnership with SpaceX to launch Starlink Direct-to-Cell satellite connect...
Fitch upgrades Côte d’Ivoire to BB, saying political uncertainty has lifted and the country has mo...
Investment bank BCID-AES established in Bamako Bank aims to fund infrastructure, agricultur...
Senegal launches Agropole Centre to boost central-region agro-processing CFA 107.4 billion project targets cereals, peanuts, salt value addition Zone...
Standard Chartered finalized a FCFA 51.7 billion ($86 million) loan to build rubber and palm oil factories for the state-owned CDC. Repayment is...
In this week’s health update, the Africa CDC is turning to drone-based logistics to expand access to vaccines and essential medicines, while researchers...
Gabon raises CFA 106.5 billion in oversubscribed bond issuance Two tranches fund infrastructure, health, education, housing projects Strong regional...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...
Palm Hills Developments signs agreement with Marriott International to introduce the St. Regis brand in West Cairo. Project to include a luxury...