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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 …
- 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 …
- Safaricom partnered with Visa Kenya to launch the virtual visa card, which is accessible to over 30 million M-Pesa users
- The card enables payments across 61 visa markets, charging Sh 121.92 to the dollar, a lower rate compared to commercial banks
- Safaricom chief executive officer (CEO) Peter Ndegwa said the card would enable its customers to make payments across the world without worry
- Besides Kenya, the service has been rolled out in Tanzania, while Mozambique, Congo, Lesotho and Ghana are target markets
Safaricom’s virtual visa card has stormed the foreign exchange market with lower rates threatening established Kenyan banks.
The giant telco partnered with Visa Kenya to launch the virtual visa card, which is accessible to over 30 million M-Pesa users.
The card enables payments across 61 visa markets, charging Sh 121.92 to the dollar, a lower rate compared to commercial banks.
With the lower charges, the telecommunications company could
In the future, Adanian Labs wants to get past the current phase, in which the flow of deals around the world is slowing down, and rise to power more start-ups and take over more markets across the continent.
In just two years, Adanian Labs has expanded out of Kenya and into Tanzania, Zambia, South Africa, and Nigeria, which are some of Africa’s biggest start-up and tech hubs.
It wants to have a presence all over Africa by 2025, and it is working hard to help build 300 companies in the next five years. In the meantime, the lab plans to set up shop in the Democratic Republic of Congo (DRC), Senegal, and the Ivory Coast. It is also thinking about using a franchise model to speed up its growth.
Adanian Labs start-ups can easily expand into other markets because they can use the existing infrastructure of the venture studio as …
ASL is a unique startup studio platform where we connect entrepreneurs with strategists, creatives, engineers, community, and capital to design, build and launch exponential organisations that aim to make people’s lives better.
The goal is to gather and share resources to help build and speed up the next 10,000 great blockchain-based companies that focus on helping people.
Early investors get an opportunity to invest in ASL-winning start-ups. Even though positive investments are not secret, Africa Startup League pipelines are the best way to reduce risk.
“We don’t just know our portfolio companies, we also keep track of them from the time they are just ideas to the present. At every stage of development, from the Minimum Viable Product (MVP) to seed rounds and beyond, all Humanity NFTs have the chance to get investments,” said Barney Barrow, Co-Chairman of the Humanity Angels Club.…
- Bolt has opened its Africa Head Office in Riverside, Nairobi, Kenya, months after receiving funding amounting to US$716 million for expansion
- The company said the new location would assist them in leveraging Nairobi’s strategic position to serve as a regional hub for its operations in Africa
- The office will act as the regional nerve centre of the company, whose operations in Africa cuts through seven countries
Bolt has opened its Africa Head Office in Nairobi, Kenya, months after receiving funding amounting to US$716 million for expansion.
In a statement, Bolt said the new location would assist them in leveraging Nairobi’s strategic position to serve as a regional hub for its operations in Africa.
The on-demand mobility platform opened the office in Riverside Drive, Nairobi. The office will act as the regional nerve centre of the company, whose operations in Africa cuts through seven countries.
Apart from Kenya, Bolt also has …
- MTN Uganda has appointed Sylvia Mulinge of Safaricom as its CEO, effective September 1, 2022
- Mulinge currently serves as Safaricom’s Chief Consumer Business Officer
- She has been at Safaricom for 16 years, where she served in different capacities, including General Manager Enterprise Business Unit and Director Consumer Business Unit
Telecommunications company MTN Uganda has appointed Sylvia Mulinge of Safaricom as its CEO, effective September 1, 2022.
Mulinge currently serves as Safaricom’s Chief Consumer Business Officer. She has been at Safaricom for 16 years, where she has served in different capacities. These include General Manager Enterprise Business Unit and Director Consumer Business Unit, before assuming the role of Chief Customer Officer in 2018. In July 2021, she took up the role of Chief Consumer Business Officer.
In a statement, South Africa’s MTN Group announced the appointment, saying she brings on board experience in transforming customers’ lives using technology.
“A seasoned executive, …
In addition, governments have to make things better for businesses. Currently, tech start-ups have to pay a lot to comply with regulations that are sometimes not clear. These regulations differ in the 54 different African countries which makes it a lot of work for investors to scale faster across the continent.
To deal with this, leaders in the different African nations need to come up with a common, unified framework that makes it easy to expand into regional markets.
For things to work much better and faster, there is need to get more people to help each other since ecosystems that have more links are stronger and grow faster. African leaders should work on policies that can enable ecosystem players start a Pan-African tech start-up network to help tech start-ups grow and get better.
To address these challenges, African governments need to quickly create and implement a digital economic policy …
