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Tech & Business
- South Korea-based LB Investment, which has $1.2 trillion Assets Under Management (AUM) as of 2023, has announced its participation in the 2024 AIM Congress.
- The firm will showcase a diverse portfolio of startups and companies, representing cutting-edge innovation and disruptive solutions across industries.
- Among the notable entities brought to the forefront by LB Investment are LisMed, Standard Energy Inc., t’order, FITPET, LABLUP, BLUEZONE WIDE, NOTA AI, and ABYSS Company.
LB Investment, a venture capital company with a legacy of fostering innovation and entrepreneurship, and with $1.2 trillion in Assets Under Management (AUM) as of 2023, has announced its participation in the 2024 AIM Congress, scheduled to be held from May 7th to May 9th in Abu Dhabi, United Arab Emirates.
Established in 1996, LB Investment has consistently been recognised as one of South Korea’s premier fund managers, earning accolades such as the A+ grade from the Small and Medium …
- AIM Congress 2024 aims to facilitate economic opportunities and foster mutually beneficial international economic relations.
- The congress provides a platform to engage with global leaders, explore investment trends, and forge meaningful B2B and B2C partnerships.
- The Future Finance Forum Track at AIM Congress 2024 will explore the use of cutting-edge technologies such as blockchain, AI, fintechs, and digital currencies.
The AIM Congress, under the leadership of Dawood Al Shezawi, President of AIM Global Foundation, stands poised to host an unprecedented global gathering from May 7th to 9th. This event promises to assemble an extraordinary array of leaders, including over 25 government ministers, 45 city mayors, and 12 central bank governors, reflecting its vast international appeal and strategic importance.
With more than 900 speakers and 450 dialogue sessions scheduled, the congress aims to foster comprehensive dialogue and networking among the most influential figures across various sectors worldwide.
The sheer scale and …
- Ventures interested in applying for the Investment Showcase can submit applications here by 2nd May.
- To qualify, the ventures must be African, have at least one African co-founder or be headquartered in Africa.
- They must also offer a product or service designed for scalability, and be able to present in person at the Africa Tech Summit (ATS) London.
On June 7th, 2024, the Africa Tech Summit (ATS) London will convene at the London Stock Exchange for its eighth edition, continuing its tradition of fostering business and investment opportunities in Africa and around the world.
This tech conference, known for its dynamic engagement and insight into the African continent’s tech industry, is poised to attract over 300 African and international tech leaders, policymakers, investors, entrepreneurs, and corporates.
The summit’s key event, the Investments Showcase, is inviting African tech ventures to present their business models to a curated audience of potential investors …
- Kenya’s leading telcos have signed a landmark deal that will propel the mobile money space in the country
- Telkom, Safaricom, and Airtel announced that Kenyans can now make direct mobile money payments to an M-PESA Pay Bill number from any network
- The companies said the move follows their announcement in April 2022, which saw Kenyans being able to make mobile money payments to M-PESA Buy Goods and Services Tills from any network
Kenya’s leading telcos have signed a landmark deal that will propel the mobile money space in the country.
On Friday, July 15, 2022, Telkom, Safaricom, and Airtel signed a deal to allow Kenyans to make direct mobile money payments to an M-PESA Pay Bill number from any network.
In a statement, the telecommunications companies said the move follows their announcement in April 2022, which saw Kenyans being able to make mobile money payments to M-PESA Buy Goods and …
The Zimbabwe Electricity Supply Authority (ZESA) is now legally able to incorporate drones in its infrastructure management. This announcement was made at an event the national power company held to mark its acquisition of a Remotely Piloted Aircraft Operator’s Certificate (ROC).
According to an article by Newsday published on June 15, 2022, speaking at ZESA’s drone technology certification ceremony in Harare Executive Chairman Sydney Gata said certification of the use of drone technology in their day-to-day operations is expected to improve service delivery.
“This will enable a quicker turn-around in fault finding and rectification resulting in the continuous and consistent provision of electricity to our customers. Drone technology will also assist ZETDC in its fight against vandalism and theft of electricity.”
ZESA is battling a myriad of challenges including incessant faults, mainly emanating from aging power distribution infrastructure. This has seen the country grappling with endless power cuts.…
The survey showed mobile phone subscribers stood at 46 per cent in Sub-Saharan Africa, while smartphone adoption was at 64 per cent. This is expected to grow to 50 per cent and 75 per cent respectively by 2025.
“By the end of 2020, 495 million people subscribed to mobile services in Sub-Saharan Africa, representing 46 per cent of the region’s population – an increase of almost 20 million from 2019.
With more than 40 per cent of the region’s population under the age of 15, young consumers owning a mobile phone for the first time will remain the primary source of growth for the foreseeable future. There will be around 120 million new subscribers by 2025, taking the total number of subscribers to 615 million (50 per cent of the region’s population),” the report stated.…
- Telkom Kenya has connected nine more counties to its countrywide Mobile 4G/LTE Network
- The technology company said it had completed the Coast and Lower Eastern phase of its network expansion plans
- Telkom Kenya has added Mombasa, Kilifi, Kwale, Lamu, and Taita/Taveta, and Makueni, Machakos, Kitui, and Kajiado Counties to its Mobile 4G/LTE Network
Telkom Kenya has connected nine more counties to its countrywide Mobile 4G/LTE Network, The Exchange Africa has learned.
On Tuesday, June 12, 2022, the technology company said it had completed the Coast and Lower Eastern phase of its network expansion plans.
The company said it has added Mombasa, Kilifi, Kwale, Lamu, and Taita/Taveta, and Makueni, Machakos, Kitui, and Kajiado Counties to its Mobile 4G/LTE Network. As such, the firm has erected an additional 224 4G sites in the area.
According to the telco, the expansion is part of plans that Telkom Kenya, along with its partners, Ericsson, …
Known as the African Startup League, the initiative will empower 10,000 African-owned enterprises to compete for a grand prize of $1 million, where each business will build technologies on the blockchain.…
- Since its inception in 2017, ZACU has made rapid strides toward being one of the most successful internet streaming service providers in East Africa
- 19% of Rwandan households owned a TV in 2019, therefore the country’s 9.37 million mobile phone users make a considerably more viable business for digital content creators
- Canal + already serves consumers in both Anglophone and Francophone West Africa, and it already has 23.7 million members all over the world
As part of its strategy to further consolidate its position in East Africa, the French company Canal+ Group has announced that it will be purchasing ZACU TV, Rwanda’s first digital streaming platform.
After recent forays into film production in West Africa, this current endeavor indicates that the French media behemoth recognizes the untapped potential of independent film production in Africa as an attraction for the growing on-demand viewership across the continent.
The decision to expand into …
