Friday, September 24

Tag: Technology

Zola Electric closes $90M funding round to scale technology and enter new markets
Africa, Start-ups

Zola Electric closes $90M funding round to scale technology and enter new markets

Millions of people in sub-Saharan Africa and emerging markets continue to live without access to electricity. Some reports peg these numbers between 500 million and 2 billion people despite the prevalence of renewable energy providers in these regions. Zola Electric, one such provider, is announcing today that it has closed $90 million in new funding to enter new markets and drive distributed renewable energy. When Zola Electric was launched in 2011 by Erica Mackey, Xavier Helgesen and Joshua Pierce, the company provided solar home solutions to off-grid rural communities in Tanzania. Continue reading Image: ZOLA
Yabx Expands its Operations and Service Offerings as Digital Lending Gains Momentum in Africa Region
Telecommunications

Yabx Expands its Operations and Service Offerings as Digital Lending Gains Momentum in Africa Region

NAIROBI, Kenya, September 22, 2021/APO Group/ -- Appoints Telecom Industry Expert Eunice R. Gatama as Director for Africa Business; aims for continued growth as digital lending services are projected to grow rapidly in Africa. Yabx (Yabx.co), a fintech venture offering credit products across 12 countries in Africa, today announced the appointment of Eunice R. Gatama as Director for Africa Business. This comes as a strategic decision by the company which is aggressively expanding its market share in the digital lending space in Africa. Delivering some of the best performing portfolio returns for its partner banks, Yabx has witnessed significant momentum in its existing lending portfolios. With partnership agreements signed with leading Banks and Wallet Operators in several East, West...
Africa Data Centres unveils its latest world-class data centre at their Midrand Campus in Johannesburg, South Africa
Africa

Africa Data Centres unveils its latest world-class data centre at their Midrand Campus in Johannesburg, South Africa

JOHANNESBURG, South Africa, September 22, 2021/APO Group/ -- Africa Data Centres (www.AfricaDataCentres.com), the only pan-African network of interconnected, carrier-and cloud-neutral data centres on the continent, has completed its new Johannesburg data centre, based in its Midrand Campus which is one of the largest in Africa. This state-of-the-art facility, designed with the latest global standards is the ideal location for technology companies and enterprises to secure IT infrastructure in an interconnected environment. This ultra-modern facility continues to strengthen the leading position that Africa Data Centres has in the South African market. Continue reading Image: africa-newsroom.com
Vodacom SA Launches Coding Programme to Inspire More Women in STEM
Southern Africa, Telecommunications

Vodacom SA Launches Coding Programme to Inspire More Women in STEM

One of South Africa’s big 4 telecoms, Vodacom, has announced the launch of a programme that will see over 600 young girls between the ages of 14 and 18 receive coding training virtually from 4-7 October 2021. The initiative is called the #CodeLikeAGirl programme and aims to encourage more girls to explore careers that require coding skills to help them get a start in the Science, Technology, Engineering, and Mathematics (STEM) fields and industries. Women in STEM Female participation is lagging in a field that is expanding globally and men continue to dominate the number of STEM graduates in most countries. Continue reading Image: itnewsafrica
Nigerian agritech startup Releaf secures $4.2M to scale its food processing technology
Agri-tech, Start-ups

Nigerian agritech startup Releaf secures $4.2M to scale its food processing technology

The distance between their farms and the nearest processor is key for smallholder farmers who need to process their crops. And though Nigeria’s food processing systems have a keen resemblance to the West with respect to big factories and huge economies of scale in high-demand cities, farmers still suffer from poor logistics networks. With distance and logistics problems, farmers’ crops can go bad and when factories buy them, it affects their processing yields and price. Farmers, witnessing post-harvest loss, also get paid less and miss the opportunity to invest in their crops production. Nigerian agritech startup Releaf is solving this by building proprietary hardware and software solutions to make these farmers and food factories more efficient and profitable. Today, the company is...
How early-stage venture capital firm, Saviu Ventures, is funding Francophone African startups
ecommerce, Start-ups

How early-stage venture capital firm, Saviu Ventures, is funding Francophone African startups

It can be argued that most of the progress made in the African startup space has been concentrated in one part of the continent.  One legacy of colonialism in Africa is language, with the United Kingdom and France colonising most of the continent. As a result, English and French are two of the continent’s most widely spoken languages.  That difference is also seen in the developmental gap between Francophone and Anglophone African countries, with the latter significantly ahead of the former. However, the gap has gradually closed as more startups have sprung up in this region in recent years. Continue reading Image: Disrupt Africa
UN Launches the First Regional Online Portal to Bring Together all African Countries with Data and Evidence on Sustainable Development
Africa, Telecommunications

UN Launches the First Regional Online Portal to Bring Together all African Countries with Data and Evidence on Sustainable Development

ADDIS ABABA, Ethiopia, September 14, 2021/APO Group/ -- Measuring and evaluating progress on the Sustainable Development Goals in Africa became much easier as a group of regional UN entities launched the first online data portal that brings together statistical data harvested across all countries on the continent. Today, 17 regional UN entities, under the Africa Regional Collaborative Platform (RCP), unveiled the Africa UN Data for Development Platform. This is the first platform to serve as a one-stop-shop repository that captures high-quality data and evidence on the 2030 Agenda and the SDGs from all the African countries. It is also the first of its kind to raise the profile of statistical progress toward the African Union vision – Agenda 2063. “With barely nine years lef...
What will it take to build the future of e-commerce in Africa?
Africa, ecommerce

What will it take to build the future of e-commerce in Africa?

From the early days of trade by barter to the days of online shopping, commerce has come a long way. Consumers no longer have to wait long periods to get their goods delivered or limit themselves to trading within their environs. Now, consumers can place orders from the comfort of their homes and have them delivered in a short time, ranging from a few hours to a few days. This increase in convenience has led to a corresponding increase in consumer spending. In Africa, the average spending by online shoppers has risen steadily over the years. How much progress has the industry made? In 2020, the African e-commerce market was estimated to be worth $20 billion, and between 2014 to 2018, the number of online shoppers on the continent increased annually, at an average growth rate of 1...
Nigerian one-click checkout platform OurPass raises $1M pre-seed, wants to build ‘Fast for Africa’
ecommerce, Nigeria, Start-ups

Nigerian one-click checkout platform OurPass raises $1M pre-seed, wants to build ‘Fast for Africa’

We like to buy things online ranging from e-commerce stores to subscription-based sites. However, no one enjoys the hassle when you have to always re-log into different sites and stores. I mean, shopping can be a whole lot more fun if a fast logging and checkout system existed across all your favorite online stores. In the U.S., high-flying startup Fast already caters to this need. Although the company is building a global product, it is limited in Africa, and OurPass has taken an interest to build one for the market. The Nigeria-based startup, which describes itself as the “Fast for Africa”, has also closed a $1 million pre-seed round to scale across the country. The round was led by Tekedia Capital and angel investors from Fortune 500 companies, the company said.  E-commer...
How Scrapays is helping Nigerians get value from waste with USSD technology
Nigeria, Start-ups

How Scrapays is helping Nigerians get value from waste with USSD technology

Being the most populous country in Africa, Nigeria faces a number of urban challenges and uncollected trash is high on the list. Waste collection methods driven by local authorities remain inadequate, particularly in rural areas. Furthermore, most Nigerians are not inclined to collect and dispose of their waste properly. In Lagos, for instance, where trash volume grows by 15,000 tons daily, only 40% of waste generated is collected and just 13% is recycled each year. The rest – including materials that could feed the local recycling industry – litters the streets and clogs open drains. Over the past few years, trash-for-cash initiatives have emerged in Nigeria, looking to tackle the widespread waste problems by incentivising Nigerians while supplying recycling plants with much-needed...