Thursday, April 25

Tech & Business

LB Investment
  • 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 …

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Dawood Al Shezawi
  • 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 …

Investment Showcase
  • 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 …

President Samia Suluhu during the launch. theexchange.africa

At an event to launch the new programme, Vodacom Group CEO Shameel Joosub said: “At Vodacom, our purpose is to build better futures and create productive societies. Core to this is the belief that technology must help bridge divides and improve equitable access to services. We believe that technology coupled with the country’s enabling environment and political will – has the potential to support African nations realize transformation in healthcare, agriculture, education, financial services and other priority sectors.”

Vodacom Tanzania’s Managing Director, Sitholizwe Mdlalose confirmed: “Too many pregnant women, women in childbirth and newborns die each year from largely preventable causes.  For nine years, we have been working with the Government to develop a practical, sustainable and scalable solution to reduce maternal and newborn deaths in the country.”

He added that they have built a system that strengthens health care delivery and connects the community and lower-level health facilities to …

Women working to produce the reusable, organic charcoal in Zanzibar. The women are trained to convert biomass to charcoal. www.theexchange.africa

The programme which produces briquettes from agricultural waste is expanding beyond Tanzania and has already started in Kenya as United For Green. Cameroon is the other country that the programme is launching next.

To produce organic charcoal, women are trained to convert biomass to charcoal which also happens to be reusable.

CR Hope Foundation partnered with Exeter University to produce the charcoal briquettes. The briquettes are produced using pyrolysis. Pyrolysis is the thermochemical decomposition of organic matter resulting in no condensable gases, condensable liquids and a solid residual coproduct, charcoal or biochar in an inert environment in the absence of oxygen.…

Patrick Njoroge Wachira. He is Kenya's 12-year-old CEO causing waves in the tech world. www.theexchange.africa

Wachira’s dream was propelled by the Covid-19 pandemic which saw many schools closed and thus left many pupils with a lot of time in their hands.

To make the most out of the situation, Wachira kept himself busy fixing computers and other electronic devices for his peers so they could be able to learn online. He also conducted sharing sessions among underprivileged student communities in Kenya during the pandemic.

At the same time, Wachira completed advanced level training in robotics and various STEM disciplines under the mentorship of the STEM.org-accredited Unique World Robotics in Dubai.…

Tushop
  • Social commerce may seem like a more foreign concept but it is widely used across Africa
  • Online shopping has gained more popularity during the Covid-19 crisis, turning social networking platforms like Facebook and Instagram into business tools
  • Social commerce- which is abbreviated as s-commerce- represents the integration of shopping and social media

 

When the Covid-19 pandemic hit back in 2019, a majority of individuals were forced to turn to social media platforms in search of goods and services. 

While most people view this as the growth of e-commerce across the globe, it also gave rise to the growth of social commerce. 

Social commerce may seem like a more foreign concept but it is widely used across Africa. 

Online shopping has gained more popularity during the Covid-19 crisis, turning social networking platforms like Facebook and Instagram into business tools. 

Social commerce- which is abbreviated as s-commerce- represents the integration of

news 20 04 06
  • A report by the African Development Bank notes that today, at least a quarter of the continent’s population has internet access, a nearly fifty-fold increase in internet usage since the turn of the millennium.
  • Mobile technologies alone have already generated 1.7 million jobs and contributed US$144 billion to the continent’s economy, or roughly 8.5 percent of GDP
  • Accelerating digitalization, artificial intelligence (AI), cloud computing, robotics, and 3D printing – have obvious and important implications for education, employment, and the future of work

 

Leaders on the African continent must work harder to harness emerging technology to boost government performance, transparency, and inclusivity as the continent recovers from the Covid-19 pandemic.

They also need to ensure that the growing technological advancements across the continent are not used as a tool of repression, division, and conflict.

According to a study by the World Health Organization, 13 percent of all new or modified …

Screenshot 2022 03 16 at 16.13.16

Digital disinformation is becoming an increasingly common feature of Africa’s political landscape.

Africa’s technological space has grown exponentially over the past decade, largely driven by the increased access to mobile devices and internet.

The number of mobile phone users in Africa, 650 million, outnumbers the population of the United States or Europe.

How Africans are using mobile phones

Mobile phone use has increased exponentially as more people in African countries own a cell phone than clean water, a bank account or power.

Communication, radio listening, money transfers, online purchasing, and social media networking are all done via mobile phones in Africa. Many of the disparities between urban and rural areas, as well as the wealthiest and poorest, have been reduced or eliminated.

Similarly, internet prices are coming down while speeds are going up.

With high internet speeds, it is easy for anyone looking, or even sometimes not looking to stumble …

LB Investment
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