Tech & Business

  • Four innovators from Kenya, Côte d’Ivoire, and Uganda, selected from a shortlist of 16, vie for the £50,000 (over $62,000) Africa Prize.
  • Their innovations encompass recycling in construction, AI tools for healthcare and farming, and reengineered waste collection, addressing crucial societal needs.
  • The three runners-up will each receive £15,000 (over $18,000), while a £5,000 (over $6,000) prize titled ‘One to Watch’ will be awarded to the most promising business among the shortlist.
  • Since 2014, the Africa Prize has empowered nearly 150 entrepreneurs across 23 African countries, creating over 28,000 jobs and positively impacting more than 10 million people with their innovative products and services.

The Royal Academy of Engineering is set to host the final showdown of the 10th Africa Prize for Engineering Innovation, the continent’s premier engineering accolade, on June 13, 2024, in Nairobi, Kenya. Out of an initial pool of 16 visionary innovators crafting sustainable, scalable engineering solutions …

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  • Russian Investment Forum at AIM Congress 2024 highlighted Russia’s robust economic standing.
  • Various Russian regions showcased unique investment opportunities, from the Far East’s oil and gas sector to Tatarstan’s diverse industries.
  • Discussions also revolved around innovation and technology, with an emphasis on Abu Dhabi’s potential as a global technology hub.

Amidst the grandeur of the Abu Dhabi National Exhibition Centre (ADNEC), the Russian Investment Forum emerged as a unique centre of opportunities during the 2024 AIM Congress.

Under the International Partners’ Track, this forum brought together luminaries from Russia’s business landscape to showcase the nation’s unique investment propositions and affirm Abu Dhabi’s suitability as a global technology hub.

Spearheading the discussions was Sergey Katyrin, President of the Chamber of Commerce and Industry of the Russian Federation. Katyrin painted a picture of Russia’s robust economic stature, ranking first in Europe and fifth globally in terms of GDP.

He cited Russia’s …

  • The Joint Venture will serve to boost global investment and economic development by synergistically combining both parties’ key capacities in the market.
  • Both entities aim to leverage their respective strengths to advance LB Investment’s initiatives.
  • Established in 1996, LB Investment has consistently been recognized as one of Korea’s premier fund managers.

AIM Global Foundation, an independent international organization dedicated to empowering investments across the world, and Korea-based LB Investment, which has $1 billion Assets Under Management (AUM), have announced the set-up of a Joint Venture, along with a landmark Memorandum of Understanding (MOU) at the ongoing AIM Congress 2024 in Abu Dhabi.

The Joint Venture will serve to boost global investment and economic development by synergistically combining both parties’ key capacities in the market.

The MOU marks a critical moment in global investment cooperation. Both entities aim to leverage their respective strengths to advance LB Investment’s initiatives through the platform …

  • 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 …

  • In a continent where cost so often is cited as a prohibitive factor in providing basic needs, blockchain technology and its many expressions hold so much potential for the future
  • Twenty-five countries in Africa have banned cryptocurrency
  • Morocco most recently moved from an absolute ban on cryptocurrency to revealing they will soon launch a Cryptocurrency regulation bill

The African continent has a lot to gain from blockchain technology. In a continent where cost so often is cited as a prohibitive factor in providing basic needs, blockchain technology and its many expressions hold so much potential for the future.

However, Africa’s stance on the adoption of cryptocurrency doesn’t reflect any of this potential. It is disheartening to note that nearly half of the continent has placed bans on cryptocurrency. Of the remaining half, less than half of them have any sort of regulation or progressive stance on cryptocurrency while the remainder …

The gaming industry in Mozambique is experiencing a significant surge in tax contributions, reflecting positive economic growth and investment opportunities for the country. In the first half of 2021 alone, Mozambican casinos contributed over 207 million meticais (approximately US$3.2 million) in taxes, according to the General Gaming Inspectorate (IGJ), the regulatory body overseeing the gaming sector highlighting a promising trajectory for the industry. In recent times, the popularity of online casinos has also been rising as we are considering real physical. Licensing, fair play, security, selection of games, payment options, payout time frames, bonuses, and other factors underline the pros of online gambling, and you can make sure of this by visiting https://www.casinobonusesnow.com/. The following article explores the current state of Mozambique’s gaming industry, its economic impact, and the regulatory measures in place to ensure sustainable development.

Growth in Casino Tax Contributions

Mozambique currently boasts seven operational casinos spread …

AfyaRekod was founded in 2019 by John Kamara as an Adanian Lab start-up with seed funding from Mac Venture Capital and Next Chymia.

He established the company after losing a close friend who was misdiagnosed due to lack of medical records and data that could have helped save his life.

AfyaRekod founder John Kamara. Photo: John Kamara/Twitter.

Kamara noted that the solution to his friend’s death was bringing real-time access to data.

“We identified the capture and storage of accurate data across every possible level of infrastructure as a core problem. Our tool now allows patients to create a portal with all their health data and, most importantly, gives patients sovereign rights of ownership of their data.

“The patient logs in and sees all the information from the hospital. They don’t have to ask the hospital or beg for information. It’s their right to have access to it,” said Kamara.…

Court documents show that Flutterwave Payments Technology ltd is owned by Nigerians Olugbenga Agboola, Adeleke Christopher, Iynoluwa Samuel, and Flutterwave Inc, which is registered in the United States and has an office at 1323 Columbus Avenue, San Francisco.

David Mouko Elizaphan Omaanya, a Kenyan, is also a director, but he doesn’t own any shares. Olugbenga Agboola and Iyinoluwa Aboyeji started the Nigerian company in 2018.

The court heard that between November 2020 and this year, Flutterwave put Sh12.4 billion into a single account at Equity Bank. This shows how much money the start-up was able to handle.

Later, the money from the Equity account was sent to Rem X Ltd, which Nehikhare Eghosasere and Demuren Olufemi Olukunmi own.…

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