Browsing: Capetown

German bio-tech firm BioNTech acquires Tunisian-born AI startup, Instadeep, for £562 million.
  • German-based biotech company BioNTech is set to acquire InstaDeep, founded by a Tunisian-born and U.K.-based artificial intelligence (AI) startup, for up to £562 million (US$680 million) in its largest deal yet.
  • The Tunis and London-based enterprise AI startup uses advanced machine learning techniques to bring AI to applications within an enterprise environment.
  • The startup has offices in Paris, Tunis, Lagos, Dubai and Cape Town.

German pharmaceutical giant BioNTech announced it is acquiring Tunisian artificial intelligence start-up InstaDeep, in what is being hailed as a massive win for Africa’s tech ecosystem. The agreement is reportedly worth an estimated £582 million (US $682 million)

The two companies collaborated in 2020 to rapidly set up an intelligent system to detect Covid-19 variants, and this deal would accelerate BioNTech’s goal of harnessing the power of machine learning to improve the drug discovery process.

This acquisition is as a result of this long-term partnership that …

The Indaba Mining Conference 2022 takes Africa's mining industry to South Africa.
  • The Mining Indaba Professional conference 2022 is set to take place from May 9th to May 12th in Cape Town, South Africa
  • The Indaba Conference will take at the Cape Town International Convention Centre, where African countries will lure investment into the mining sector that has remained resilient during the pandemic
  • US Department of State will travel to the Indaba Conference 2022 with a delegation to reset and mend relationships between African countries and the United States

The 2022 Mining Indaba Professional Conference

The Mining Indaba Professional conference 2022 is set to take place from May 9th to May 12th in Cape Town, South Africa. The Conference focuses on the mining and energy sectors in Africa, the steps that the countries have taken and the moves they are about to make.

This will be the first meeting in person since 2019 when COVID-19 measures halted cross-border travelling and mass congregation.

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Zimbabwe represents an exciting new frontier, with recent exploration activities leading to strong indications of significant oil and gas prospects.

The Southern African country which borders Mozambique to the east, Zambia to the north and South Africa to the south has no proven hydrocarbon reserves yet, instead deriving its energy primarily from hydropower and coal, along with petroleum imports from neighboring countries.

However, with the promise of potential prospects in the Muzarabani Basin which borders Zimbabwe and Mozambique the country is sitting on the verge of a hydrocarbon boom, set to be unlocked through foreign capital, technology and expertise. As Zimbabwe prioritizes the expansion of its energy sector and invites global stakeholders to explore its uncharted territory, the four day African Energy Week (AEW) 2021 in Cape Town in November will serve as the official platform whereby Zimbabwe will showcase its potential to prospective investors.

African Energy Week (AEW) 2021 …