Accelerex, a leading African fintech company, has launched the “Pay with Fingerprint” solution, Nigeria's first biometric-enabled PoS payment system.

Designed to address card fraud and eliminate the need for physical cards, the technology allows bank account holders to make secure payments using their fingerprints at merchant locations.

Posted On vendredi, 05 juillet 2024 16:48 Written by

BFA Global, FSD Africa, and the International Union for Conservation of Nature (IUCN) have chosen ten startups for the Africa Blue Wave and Regen Wave initiatives, BFA Global announced on July 1.

Selected startups, each receiving $55,000 in funding, span Kenya, Madagascar, Mozambique, Nigeria, Rwanda, South Africa, and Tanzania, addressing challenges like the fish trade, environmental pollution, renewable energy certification, eco-friendly fertilizers, waste management, clean cooking, cold storage, and sustainable drainage solutions.

Posted On vendredi, 05 juillet 2024 16:41 Written by

Enhancing internet connectivity promotes digital inclusion across regions, ensuring more people have access to online resources, education, and opportunities. This aligns with broader efforts in Africa to bridge the digital divide and empower communities through technology.

Governor Chukwuma Soludo announced, on July 2, a 2,400km fibre optic network initiative to provide free Wi-Fi across Anambra State. Revealed during the swearing-in of the 2024 Batch ‘B’ Stream 1 NYSC members, the project aims to address internet connectivity challenges.

Soludo, represented by Martin Agbili, Permanent Secretary of the Ministry of Youth Development, emphasized youth empowerment and local enterprise support. He said, “My administration has articulated a deep-rooted policy towards the youths which corps members deployed to the state benefit.”

Nigeria, with its large population (accounting for 47% of West Africa’s total), a significant youth demographic (half of its 200 million people are under 30), and a robust mobile market, has immense potential in the digital economy. However, limited fixed broadband infrastructure in rural areas leaves many marginalized segments without Internet access. Strategic investments are crucial to fully unlock the country’s digital economic opportunities and transform lives, as highlighted by the World Bank assessment and Nigeria’s Economic Recovery and Growth Plan 2017–2020.

The network aims to boost digital infrastructure and economic opportunities in Anambra. It aligns with the ‘Everything Technology and Technology Everywhere’ vision of the state's governor.

Hikmatu Bilali

Posted On vendredi, 05 juillet 2024 16:33 Written by

Fueled by a frustrating sofa delivery experience, Redouane El Halaoui partnered with someone to develop a solution. This solution incorporates a negotiation feature to benefit both consumers and providers.

PeeCoop, a delivery solution developed by the Moroccan company Red Ant, enables users to have packages and goods delivered across multiple cities in Morocco. Launched in 2020 by Redouane El Haloui and Antoine de Mirbeck, this Casablanca-based startup offers a mobile application available on both iOS and Android, which has already been downloaded over 10,000 times from the PlayStore.

After downloading the app, users create an account according to their status. PeeCoop provides account options for individuals, independent transporters, and e-commerce platforms. Regardless of the account type, users must enter their phone number and follow the registration process.

For individuals looking to have a package delivered, the process is straightforward. After creating an account, users submit a delivery request by uploading a photo of the package and filling out a form. This form includes a description of the merchandise, its dimensions, weight, pickup date, time, and location, and a proposed price. Once the request is submitted, multiple transporters receive it and those interested in the job contact the client. This initiates the negotiation, allowing both parties to reach an agreement.

Speaking about the price negotiation feature, Redouane El Haloui stated in a 2021 interview on the Medi-Up podcast: "We wanted to give drivers the option to propose a price. It's simpler, and they know their colleagues will also be proposing prices, so it happens naturally. They can offer the right prices for the client, who then has the option to accept or negotiate.

PeeCoop currently boasts over 2,000 "peecoopers" across Morocco and more than 18,000 satisfied customers. The startup claims its service helps clients save up to 75% on delivery costs. 

Adoni Conrad Quenum

 

Posted On vendredi, 05 juillet 2024 15:12 Written by

With less than a third of Africans having access to high-speed internet, broadband adoption remains uneven, with connectivity often being either costly or unreliable across the continent. However, initiatives are underway to address this disparity.

On Thursday, July 4, the International Telecommunication Union (ITU) announced the launch of the Africa Broadband Maps project in a statement made during the 2024 Global Symposium for Regulators in Kampala, Uganda. This broadband mapping initiative, supported by the European Commission, aims to establish mapping systems to encourage investment and digital transformation across Africa. With a budget of €15 million over four years, the project will initially benefit 11 countries: Benin, Botswana, Burundi, Côte d'Ivoire, Ethiopia, Kenya, Malawi, Nigeria, Uganda, Zambia, and Zimbabwe.

The initiative, led by the ITU's Telecommunication Development Bureau (ITU BDT), aligns with the organization's efforts to improve digital connectivity on a continent where internet access remains limited in many regions.

According to the "Connecting Africa through Broadband" report published by the Broadband Commission in 2019, an estimated $100 billion needs to be invested over ten years to provide comprehensive broadband coverage across Africa. About 80% of this amount is earmarked for the deployment and maintenance of networks, 17.5% for developing local digital skills, and approximately 2% for creating an appropriate regulatory framework.

The Africa Broadband Maps project aims to identify areas with insufficient broadband coverage or substandard internet speeds. The findings will enable policymakers to allocate resources efficiently, ensuring that investments in infrastructure expansion are both effective and equitable. This initiative is expected to play a crucial role in closing the digital divide and fostering economic growth, education, and innovation across the continent.

Samira Njoya

 

Posted On vendredi, 05 juillet 2024 13:36 Written by

She has extensive experience in digital technology and the development of online loyalty programs. Her company enables consumers to consolidate their loyalty points on a single platform, making them easier to use.

Moroccan engineer and entrepreneur Siham Elmejjad (photo) is the co-founder and CEO of Tookeez, a startup inspired by her passion for digital, economic, and financial inclusion. 

Tookeez was founded in 2020 by Siham, her sister Wiam Elmejjad, and Hicham Amadi. The startup offers a platform that allows consumers to convert their rewards into tangible benefits. Users can consolidate their loyalty points from various retailers into a single digital wallet, which they can then exchange for services or discounts. 

Tookeez also helps businesses understand their customers better by providing consumer behavior analytics and targeted marketing campaigns. In March 2024, the startup raised $1.5 million from Azur Innovation Fund, with the goal of reaching 4 million users by 2028 and expanding to a new country by 2026. Currently, the platform has over 20,000 users. 

"We plan to enhance the user experience by developing new features and integrating cutting-edge technologies like blockchain and artificial intelligence to optimize interactions between brands and consumers within our system," Mrs Siham Elmejjad said. 

The CEO holds an engineering degree in information technology, earned in 2002 from the National Institute of Posts and Telecommunications (INPT). She began her career the same year at Alcatel Research and Innovation as a research and development engineer. In 2004, she became the marketing director at Maroc Telecom. 

In 2006, she joined Bilendi, a company that designs and markets online loyalty programs. There, she successively held the positions of business and development manager and general manager in Morocco. In 2019, she became the executive vice president responsible for products and deliveries at World Wide Loyalty System (2WLS), where she worked until 2023. 2WLS helps brands adopt loyalty strategies for their customers and partners. 

Melchior Koba

 

Posted On vendredi, 05 juillet 2024 09:15 Written by

In recent years, the digital sector has become one of the most significant development areas for several African countries with the digital economy improving millions of lives. In that context, a Guinean program aims to qualified local ICT professionals. 

1000 TechLeaders is an innovative program in Guinea aimed at developing a new generation of skilled professionals in information and communication technology (ICT). Launched on June 18, 2024, by Nimba Hub and the Devscom developer community, the program is championed by Fodé Momo Bangoura, the CEO of Nimba Solution. The objective is to equip young people with advanced technological skills, stimulate local innovation by creating a network of qualified professionals, and facilitate access to investment for innovative projects.

The program offers four main courses, tailored to the current demands of the tech job market: backend development, frontend development, mobile development, and UX/UI design (user experience and interface design). Each course lasts six months and combines theory with practical training, delivered in person.

For 2024, 1000 TechLeaders has already selected 130 young talents from 754 applicants. The courses began on the program's launch day and will conclude on Sunday, December 8, 2024.

To achieve its ambitious goals, the program is supported by several sponsors and partners, including Medias 7 Plus, AfroTech Hub, Tech Elevate Africa, Fata.school, the restaurant Heroes Coffee, and Guinea's Post and Telecommunications Regulatory Authority (ARPT).

Melchior Koba

 

Posted On vendredi, 05 juillet 2024 09:00 Written by

African startup funding continues to decline sharply with the first half of 2024 being the quietest semester since late 2020. This represents a significant drop from previous years, with the "Big Four" startup hubs of Nigeria, Kenya, Egypt and South Africa continuing to dominate the funding landscape

African startups raised $780 million in the first half of 2024, a 57% decline compared to the same period in 2023, according to data released on Thursday, July 4, by Africa: The Big Deal, a database tracking investments of over $100,000 in the continent's startup ecosystem.

Of the total funds raised, 66% ($513 million) were in the form of equity, while $254 million (33%) were secured as debt. Startups in the Big Four countries (Kenya, Nigeria, Egypt, and South Africa) accounted for 79% of the total funds raised during this period.

Kenya led with $244 million (32%), followed by Nigeria with $172 million (23%), Egypt with $101 million (13%), and South Africa with $85 million (11%). Among other countries outside the Big Four, Benin stood out with $50 million raised by the startup Spiro through debt from Afreximbank, while Ghana followed with $29 million, Uganda with $19 million, Morocco with $14 million, and Senegal with $11 million.

Transport and logistics startups, driven by Nigeria's Moove ($100 million) and Benin's Spiro ($50 million), led the sectors with $218 million, representing 28% of the total funds raised. Fintech followed with $186 million (24%), and startups in the energy and water sectors rounded out the top three with $132 million (17%)

Adoni Conrad Quenum

 

Posted On vendredi, 05 juillet 2024 08:39 Written by

The Creative Industries Initiative for Africa (C.I.I.F.A.), in collaboration with Google, announces the launch of the second Engage Nigeria cohort.

Engage Nigeria offers training in music business, production, event planning, cinematography, animation, graphic design, and content creation. Participants benefit from mentorship and networking opportunities to enhance career readiness.

Application is open to individuals aged 17- 35.

Posted On jeudi, 04 juillet 2024 16:35 Written by

Angel Fair Africa, the event linking African entrepreneurs with investors, returns for its eleventh edition on November 7-8, 2024. The gathering will unite accelerators, incubators, businesses, and investors from across the continent, aiming to foster deals and partnerships in the vibrant startup ecosystem.

Launched in September 2013, Angel Fair Africa has been pivotal in catalyzing investment across Africa, having been hosted in cities like Johannesburg, Lagos, Accra, and Cape Town.

Posted On jeudi, 04 juillet 2024 16:30 Written by
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