social_mIt’s clear that social media has led to a proliferation in user generated content, allowing us all to become mini content producers.

We happily take photos and videos that we upload to other sites to share with our friends. What hasn’t been clear however, is just how much these sites are making from the content we willingly upload.

mukomboziMKOMBOZI Commercial Bank has introduced the high technology point of sale devices with capacity to perform variety of banking services at very low costs.

This was said on Sunday in Dar es Salaam by the bank's Managing Director Edwina Lupembe at the ongoing Dar es Salaam International Trade Fair (DITF) that the new technology was better placed to reduce costs to customers.

gatesThe initial Internet gold rush ended abruptly, destroying many startups and established online businesses alike. But the Web richly rewarded businesspeople with the savvy to foresee technology trends and beat competitors to the next big score. For these whizzes, the Internet has bloated their bank accounts to extremes.

You may notice some famous names missing from this list. Bill Gates, Larry Ellison and others have also proven their business acumen and cemented themselves as owners of radical wealth.


Sharon Againe, the Founder and Managing Director of AgaSha Business Network who is Agronomic Engineer by training acquired BiD Grade Plan Award during the Women in Business Challenge event that was organized by BiD Network in The Netherlands.

This means that her business plan can be presented to BiD Network's investors and funds. Sharon’s plan is targeting at solving problems that African SMEs are facing to access market both locally and globally.

womAudrey MacLean describes herself as an accidental technologist, an accidental entrepreneur, and an accidental investor.

But at the age of eight, she made at least one plan:She would earn a college scholarship. Ms. MacLean, 59, executed that plan and went on to help start Network Equipment Technologies, which went public in 1987. Later, she was a founder and chief executive of Adaptive.

SAMobile banking hit the headlines again this month with Visa’s US$110-million (R750-million) acquisition of South African mobile banking infrastructure company Fundamo.

Analysts, Berg Insight, predict the number of global mobile banking users will increase by 59% a year from 55 million users in 2009 to 894 million users in 2015.

colaboMost of us were raised to be competitive, beginning at a young age in school and sports, and then right onthrough to the business world.

However, at least in business we’re seeing a shift toward companies that play well with others. Both business owners and consumers are looking for better, more sustainable alternatives to “business as usual.”

fanThe ROI of social media for businesses is often discussed, but establishing an answer has never been easy.

But Hitwise, the “leader in online competitive intelligence”, has arrived at a very precise formula for establishing the value of Facebook fans.

inIn a sizzling debut last week on the New York Stock Exchange, investors sent stock in LinkedIn, the social-networking site for business professionals, soaring 109 percent on its first day of trading.

While the enthusiasm subsided a tad the next day, LinkedIn’s shares still closed the week at around $93, more than twice the company’s initial offering price.

brand1Once upon a time, companies differentiated themselves almost entirely based on the things they made. Early in the 20th Century, the ability to produce items quickly and efficiently was a key differentiator for corporations that brought affordable products to the masses.

Over time, production processes became so cost-effective that firms looked to streamlining distribution and opening new markets to gain an advantage. But there, too, they reached an efficiency plateau.