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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 …
- Liquid Intelligent Technologies has acquired Telrad, an Israeli-based technology firm, subject to customary closing conditions, including Telrad shareholder approval
- The pan-African technology firm said it has agreed to acquire the company and said the move would complement its operations
- It described Telrad as an innovative technology business with an extensive B2B offering and said it would add to its infrastructure and digital solutions offerings
Liquid Intelligent Technologies has acquired Telrad, an Israeli-based technology firm, at an undisclosed amount.
In a statement seen by The Exchange Africa, Liquid Intelligent said it has entered into a definitive agreement to acquire the company and said the move would complement its operations.
Liquid Intelligent described Telrad as an innovative technology business with an extensive B2B offering and said it would add to its infrastructure and digital solutions offerings.
“Telrad provides and maintains high-quality technology products and services for global business and governments. The …
- These AWS Local Zones deliver single-digit millisecond latency performance at the edge of the cloud to hundreds of millions of people globally
- Amazon Web Services, Inc. (AWS) has revealed plans to launch an AWS Local Zone in Nairobi, Kenya
- This year, Amazon plans to launch an additional 32 AWS Local Zones in 26 countries globally reaching millions of users
Amazon Web Services, Inc. (AWS) has revealed plans to launch an AWS Local Zone in Nairobi, Kenya.
The company infrastructure will join 16 existing AWS Local Zones across the US. This year, Amazon plans to launch an additional 32 AWS Local Zones in 26 countries globally reaching millions of users.
AWS is setting up an AWS Local Zone in Kenya to capitalize on the growing popularity of cloud computing.
Read: Google positions itself to reap from Africa’s explosive internet market
Why Cloud computing in Africa?
The question one would ask is …
- Treatment centres worldwide are now considering cryptocurrency trading as an addiction, with some asking for as high as US$90,000 to treat the “ailment”
- There are more than 12,000 cryptocurrencies. At the end of 2021, the market was adding about 1,000 new cryptocurrencies every month
- According to Jan Gerber, a clinic owner, inquiries about crypto-related issues have increased by 300 per cent between 2018 and 2021
One would be tempted to ask, how is crypto trading addictive, and if it is, how much would it cost to treat a crypto addiction? Treatment centres worldwide are now considering cryptocurrency trading as an addiction, with some asking for as high as US$90,000 to treat the “ailment”.
A report by Bloomberg revealed that many people are considering crypto trading addictive and are seeking medical help for it. Crypto addicts have gone as far as comparing their addiction to drugs and gambling.
How is
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CertiK, a blockchain security firm, reports that the amount exploited in the first four months of 2022 surpasses the total amount stolen in 2021 (US$1.3 billion) and 2020 (US$516 million) combined. The month of March alone beats 2020 by US$203.2 million.
The decentralized finance (DeFi) space has been stained with hackers, exploiters and scammers. Over US$1.6 billion worth of crypto has been stolen from users in the first quarter of 2022, the highest ever recorded.
CertiK revealed the statistics on May 2; the month of March recorded the highest stolen value of US$719.2 million.…
Kenya-based Pula is another distinguished insurtech making waves in the continent. It provides small scale farmers with agricultural insurance and digital products, to help mitigate the risk of enduring extreme conditions; assisting small-scale holder farmers to navigate climate risks, improve their farming techniques and boost their revenues. Since its inception in 2015, Pula has impacted 4.3 million farmers across 13 African markets.
Furthermore, the firm has managed to raise a total of US$6million from global venture capital backers for Africa and Asia expansion. Pula won the ‘Insurtech of the year’ award at the African Insurance Awards. Its growth has enabled it to partner with the World Food Programme, to insure 3.5 million farmers across 10 African countries.
Into the bargain, Kenya’s Lami Technologies is another acclaimed insurtech company that recently received US$1.8 million pre-seed; with the round led by Accion Venture Lab, AAIC, Future Africa, among others. The company projects …
The race to adopt cryptocurrencies is hitting new ceilings in Africa as their popularity increases, despite hostile policies from several governments in the continent.
One of the main reasons investors across the globe are seeking to diversify traditional assets in Africa into cryptos is to counter rising fiat inflation, with a majority of crypto investors and traders believing that crypto coins and tokens are safer and more secure than traditional investments such as gold, oil, stocks, liquid cash and real estate.
The roles that these cryptos and alternative coins play in society are not well defined, but they have a vivid description as each day passes as to which purposes they serve.…
