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Investing
- Uncover eyes new markets in Africa with the fresh injection of capital.
- Founded in Kenya three years ago, Uncover has since expanded into Nigeria, Uganda, and recently to Ghana, with plans underway to expand to the Democratic Republic of Congo (DRC).
- At the moment, the African beauty market is the world’s fastest-growing segment.
Skincare startup Uncover has successfully closed a $1.4 million Seed II funding round, a fresh injection of capital that will see the company expand its footprint across Africa.
“The industry has represented only a few skin tones in testing and we are one of the first brands testing on women in Africa. Our data-driven products combined with a tech platform-focused personalization have fueled the company’s growth. What’s exciting is that we are starting in Africa but seeing global demand and opportunity for our solution,” explained Sneha Mehta, Co-Founder and CEO of Uncover.
According to Uncover, this financing …
- Position trading is a long-term strategy in which a trader’s holding timeframe is pretty extensive, going to the extent of sometimes lasting for months up to a few years.
- When compared to day trading, its swing trades have features of short-term fluctuations in the market.
- Modern trading platforms, like Exness, provide advanced tools and resources for position traders.
Buying and selling of stocks incorporate many strategies for varying risk appetites and time frames. One of them is position trading: a long-term strategy of trading with the view of deriving gains from the major trends. In this article, we shall look at the intricacies of position trading in stock trading including its benefits, challenges and effective techniques associated with it.
What is Position Trading in Stock Trading?
Position trading is a long-term strategy in which a trader’s holding timeframe is pretty extensive, going to the extent of sometimes lasting for …
- The fund’s mission is to support startups seeking to address societal problems such as insecurity, joblessness, and poverty eradication through tech-powered innovations.
- Applications are now open for founders across Africa who meet six screening criteria: Character, Credibility, Capacity, Courage, Competence, and Context. Interested founders can apply via Innovate Africa Fund.
- Since 2019, the African startup funding scene has seen a remarkable increase, with disclosed exits crossing $2.3 billion.
Innovate Africa, a newly launched angel investment fund, is set to revolutionize the startup ecosystem in Africa with an initial $2.5 million investment aimed at supporting early-stage founders.
The platform, co-founded by Kristin Wilson and Christian Idodi, is sector-agnostic and plans to finance up to 20 startups in its first year.
The fund’s mission is to support startups seeking to address societal problems such as insecurity, joblessness, and poverty eradication through tech-powered innovations. Applications are now open for founders across Africa …
- TLcom Capital has raised $154 million in its second Fund, TIDE Africa II
- With this second fund, TLcom Capital maintains its early-stage, multi-sector focus and expands its mandate beyond Sub-Saharan Africa to Egypt.
- TLcom Capital currently has over $300 million under management.
TLcom Capital, the Africa-focused venture capital firm, announced the final close of TIDE Africa Fund II, its second fund for technology in Africa, at $154 million. Confirming TLcom Capital’s status as Africa’s largest Seed and Series A investor, the new fund accelerates the firm’s mission to partner with elite founders to tackle Africa’s biggest and most complex challenges with innovative solutions that will unlock massive value in the continent’s critical sectors.
At more than twice the size of TLcom Capital’s first fund, TIDE Africa Fund II is oversubscribed and sees participation from several new, high-profile LPs alongside returning LPs from the firm’s first Africa-focused fund, TIDE Africa Fund …
- Chronic instability plagues the existing power grids, worsened by the pressing need to connect growing populations.
- The advent of renewable energy sources introduces new complexities, considering the intermittent nature of solar and wind power generation.
- Wärtsilä Energy says deploying battery storage and flexible engine power plants offers a pathway toward reliable grid resilience.
Across economies in Africa, a profound transition is underway. Increasingly, economies are grappling with the dual challenge of meeting burgeoning energy demand while steadily transitioning towards sustainability, a scenario amplifies the importance of economies having reliable power production.
Wärtsilä Energy, a giant power plant manufacturer and energy systems integrator in Africa, is coming forward to offer insights on how economies can easily navigate this transition. Drawing insights from the 2024 North and West Africa Energy Transition Forum in Rabat, it is evident that addressing the complexities of grid reliability and renewable energy integration requires a multipronged approach.…
- Energy experts warn that the shortages that plague Africa’s electricity access in 2024 will have a significant drain on the continent’s economic growth.
- World Bank will connect 300 million Africans to electricity with a $35 billion plan.
- Africa is poised to adapt to transformative advancements that will reshape the landscape of energy access, storage, and connectivity across the continent.
Africa remains the most energy-deficient continent, with approximately 75 per cent of its population lacking access to electricity. As of 2021, 43 per cent of Africans, roughly 600 million people, were without electricity access, with 590 million in sub-Saharan Africa. Consequently, nearly half of the continent’s population is unable to use basic electrical appliances.
Despite improvements in electricity access in sub-Saharan Africa, where 49.4 per cent of the population had access in 2022, up from 33 per cent in 2010, electricity consumption has not seen a corresponding increase. The persistent lack …
- Leading the lineup of this year’s Annual Investment Meeting (AIM) at the AIM Congress 2024 keynote speakers is H.E. Ahmed Aboul Gheit, the Secretary General of the League of Arab States.
- Her Majesty Tirelo Molotlegi, the Princess of the Royal Bofakeng Nation, brings a unique perspective on sustainable development and community empowerment.
- Prof. Rae Kwon Ching, Nobel Prize Winner and Chairman of the Global Energy Prize International Award Committee, will discuss sustainable energy solutions.
The AIM Congress 2024, which is scheduled from May 7 to 9 in Abu Dhabi, is set to be a groundbreaking event, attracting a constellation of global leaders and visionaries. The Congress, to be held at the Abu Dhabi National Exhibition Centre (ADNEC), promises to be a melting pot of ideas and innovations, with over 900 influential speakers poised to share their insights on a broad spectrum of investment-related topics.
Among the illustrious speakers at AIM …
- Global verification body Verra certifies d.light’s clean cookstove projects in Kenya, Uganda, and Nigeria.
- Initiative to distribute 600,000 clean cookstoves, which are now verified by leading certifiers as a trusted source of high-quality carbon credits.
- Launched in 2022, these projects have already positively impacted over one million lives and are on track to transform the lives of three million people by 2025.
d.light’s clean cookstove initiatives
In a landmark move that helps advance the journey towards sustainable development and environmental health in Africa, d.light, a firm that provides innovative solutions for low-income households, has achieved a milestone with its projects receiving certification from Verra as a trusted source of high-quality carbon credits.
This certification marks d.light’s clean cookstove initiatives in Kenya, Nigeria, and Uganda as crucial players in the voluntary carbon markets (VCMs), aiming to reduce carbon emissions, combat indoor air pollution, and curb deforestation.
Addressing environmental challenges, and earning
…
- In 2024, diversification of your crypto portfolio remains a fundamental principle for managing risk and maximizing returns.
- Understanding how to build an optimal investment portfolio and monitor its effectiveness is crucial for both experienced investors and newcomers.
- A well-diversified crypto portfolio typically includes a mix of traditional and alternative assets such as stocks, crypto assets, real estate and cash.
Diversification in the crypto world is not just a smart move; it’s a necessity. As the digital currency market evolves rapidly, its risks multiply. Understanding how to build an optimal investment portfolio and monitor its effectiveness is crucial for both experienced investors and newcomers. Here’s a guide to crafting a well-balanced crypto portfolio in 2024.
Diversification in the Crypto World
In today’s dynamic financial environment, investing in cryptocurrencies offers enticing opportunities but also carries inherent risks. Diversification, a fundamental concept in risk management, plays a pivotal role in safeguarding investments against …
