Sunday, March 7

Tag: Senegal

African tech startups raised $1.163B in equity in 2018

African tech startups raised $1.163B in equity in 2018

African tech startups raised $1.163B in 2018 according to Partech Africa’s 2018 annual report on the financing on the continent confirming the attractiveness of African entrepreneurs and their ability to transform the continent into a global powerhouse. The report covers equity deals in tech and digital spaces, and funding rounds higher than US$200K and lower than US$100 Million. Deals covered are includes African startups only i.e. companies with their primary market in Africa itself. In 2018, 146 African startups raised a total of US$1.163 Billion in equity through 164 rounds, this is a +108% growth YoY, compared to +33% in 2016 and +53% in 2017. This represents x4.2 growth multiple over the last 36 months. “It’s quite simply astonishing. When we started our journey to create t...
Space, West Africa

Why NASA chose Senegal to observe a frozen world beyond Pluto

On a night in August, an object called 2014 MU69 passed in front of a star and blocked its light. This phenomenon, called a stellar occultation, lasted just a second and was visible only in certain regions in Africa (more exactly in Senegal, Mali and Algeria) and in South America in Colombia.MU69 is an icy object of the Kuiper Belt, (informally named Ultima Thule) which was discovered in June 2014 with the Hubble Space Telescope.NASA is pursuing this object to learn more about the origins of our solar system. Senegal was chosen to observe this occultation, because of its political stability, and the existence of a community of amateur astronomers and scientists.The choice of Senegal was made despite the challenging climatic conditions in August (rainy season), which offered a proba...