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Egypt’s Synapse Analytics secures $2 million to expand its AI technologies across GCC and Africa

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Egypt-based AI startup Synapse Analytics has raised $2 million in investment led by Silicon Badia and Hub 71, Abu Dhabi to expand its AI technologies across the GCC and Africa.

Synapse Analytics is part of Hub71, Abu Dhabi’s global tech ecosystem. The startup aims to address financial inclusion and access by providing cutting-edge AI software for financial decisions, including credit scoring, cross-selling, dynamic pricing, and eKYC/eKYB (Know Your Customer/Business) processes. 

Ahmed Abaza, Co-Founder and CEO of Synapse Analytics commented, “AI isn’t just a tool—it’s the catalyst for making financial inclusion a reality in the MEA region. Our technology is designed to help financial institutions make their services inclusive, accessible, affordable, convenient, empowering, and safe.

Imagine accessing financing as easy as signing up for an app with your email. A world where your bank anticipates your needs, making financial services as personalized as your morning coffee. As we usher in this new AI-driven era, we’re crafting the future of finance in a region characterized by a young population, growing economies, and a rapid adoption of digital finance. We see MEA becoming a pioneer in the financial services world, and we couldn’t find a better partner to join us on this mission than the Silicon Badia family.”

 Synapse Analytics’ suite of solutions includes Konan the flagship Machine Learning Operations platform, that enables the easy integration and adoption of AI, now is focused on helping financial institutions’ credit risk, pricing, product matching and building workflows, while easily integrating machine learning within existing decision rules. Konan’s pre-built models and data enrichment features make it valuable for optimizing risk assessment, increasing loan approval accuracy, and expanding customer coverage.

Doxter offers a comprehensive document extraction and process automation platform, allowing clients to process and store verifiable data from diverse documents, such as IDs, financial statements, and legal documents, and is highly customizable to meet specific needs. For MSMEs, Doxter also offers full Retrieval Augmented Generation (RAG), which makes onboarding and decision-making much faster and easier. 

Galal El Beshbishy, Synapse Co-Founder and COO, added, “One of the most significant aspects of our technology focuses on “dark matter” of AI, in which AI needs to be integrated seamlessly with existing data sources, core banking, and loan systems. Our core competency lies in successfully shipping AI workloads to production in a safe, secure, and controllable manner. With our solutions, financial institutions can quickly and confidently launch their AI-powered systems to approve more customers while maintaining rigorous risk management standards. We are shaping the future of financial decisions and are excited to continue driving innovation in this critical sector.”

Synapse Analytics has already established multiple partnerships with major banking product providers such as AWS, Crealogix, and TUMM, positioning itself as a key player in the region’s AI-driven transformation.

In 2022, Synapse Analytics raised $2 million in a pre-series A funding round led by Egypt Ventures along with other investors.

  Google for Startups Accelerator open applications for the AI First MENA & Turkey programme

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Applications are now open for the Google for Startups Accelerator, an AI First MENA & Turkey programme, designed to propel ventures to the next level.

The 10-week equity-free accelerator program for Seed to Series A startups based in MENA and Turkey aims to connect the best of Google’s products and people to empower startups to scale their business, towards success in the rapidly evolving landscape of AI and technology.

The program is part of a global series of programs which helps early-stage startups using artificial intelligence, machine learning and Cloud technology to tackle some of the most urgent challenges around the globe.

Each accelerator features a cohort of 10-15 startups that come together to tackle specific technical challenges that can help grow their businesses and achieve success in the rapidly evolving landscape of AI.

The program provides participants with invaluable resources such as expert mentorship from experienced professionals in the field of AI.

Startups will also be exposed to in-Person training aimed to deepen knowledge and skills through interactive learning sessions.

In addition to mentorship and technical project support, Google for Startups Accelerators include deep dives and workshops focused on product design, customer acquisition, and leadership development for founders.

The program is currently accepting applications at goo.gle/ai-first-mena until August 18, 2024, and the  AI First Accelerator: MENA-Turkey will kick off in October.

Airtel Kenya’s GB kwa GB campaign to give users FREE 1GB data for six months

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Airtel Kenya has launched a new free data campaign dubbed “GB kwa GB” targeting new smartphone users joining the network, after previously announcing ‘Internet Mashinani’ where it subsidized the prices of its 4G Home Broadband devices and pocket Mi-Fi.

Airtel later launched eSIM, VoLTE technology and the 5G network and has embarked on the biggest network expansion in the history of its operations while also launching their Home Unlimited 5G data packages.  The GB kwa GB incentive is yet another offer to drive digital inclusion.

Key features of the GB kwa GB campaign includes FREE 1GB data every week for six months. To enjoy this offer, a customer needs to top up a minimum of Ksh 50 weekly, making the offer both accessible and affordable to a broad range of users. The FREE 1GB data is valid for 3 days.

Eligible customers for the GB kwa GB free data offer include new smartphone users joining the Airtel network, existing customers upgrading from feature phones to smartphones, and those switching from 3G devices to 4G or 5G smartphones. To check on their eligibility, customers can dial *544*8# on their Airtel line.

Traditionally, such offers were tied to specific handset models. Airtel’s GB kwa GB offer will be accessible to all makes of smartphones allowing a customer the freedom to choose any smartphone model of their liking.

In June, the company gave an update on its network expansion across the country. At the time of the update, Airtel had launched 480 new sites since the onset of the year, and since then, it has added 148 new ones in the last one month. This significant investment underscores Airtel’s dedication to providing fast, reliable, and affordable connectivity across Kenya.

Commenting on the strategic initiative, Ashish Malhotra, Managing Director of Airtel Kenya, stated that Airtel Kenya’s investment in cutting-edge network technology is only meaningful if it reaches the hands of every Kenyan.

“The GB kwa GB campaign reflects our commitment to empowering more Kenyans to be a part of the growing digital economy. We are committed to supporting the digital inclusion agenda, but not only through investing in infrastructure, but also making it worthwhile for our customers to acquire smartphones and experience the convenience of the digital age. By continuously providing affordable data offerings, Airtel aims to bridge the digital divide and provide unparalleled access to digital opportunities.” he added.

Cognizant of the high cost of purchase of smartphones, Airtel’s GB kwa GB campaign aims to incentivize and encourage customers to enjoy its improved network courtesy of the free data. Kenya is experiencing an upward trend in the adoption of smartphones and this new offer is poised to accelerate this transition.

Seven SA startups grab €10,000 each in funding from the Irish Tech Challenge

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The Embassy of Ireland in South Africa, in partnership with Wits University’s Tshimologong Digital Innovation Precinct, the Department of Science and Innovation (DSI), the Technology Innovation Agency (TIA) and Dogpatch Labs Ireland have selected seven tech start-ups for the prestigious Irish Tech Challenge South Africa 2024.

Now in its third successive year, the collaboration aims to forge mutually beneficial partnerships between South African entrepreneurs and Irish technology expertise, leveraging Ireland’s global tech hub status. 

“This initiative exemplifies the strength of Irish-South African collaboration in technology and innovation. It underscores Ireland’s commitment to fostering global technological partnerships and supporting young entrepreneurs in realising their potential on the world stage. We look forward to their journeys and the impact they will have in promoting inclusive economic growth in South Africa,” says Ambassador of Ireland to South Africa, H.E. Mr. Austin Gormley.

This year’s Challenge saw more than 350 entries from South African-owned, growth-stage tech start-ups focused on fulfilling the United Nations’ Sustainable Development Goals (SDGs). The seven selected start-ups will undergo an intensive pre-acceleration programme with workshops, masterclasses, and mentorship sessions in South Africa. These will conclude with a showcase at Tshimologong Digital Innovation Precinct at the end of August. Thereafter, they will head to Ireland in September 2024 for an acceleration programme with Dogpatch Labs, a 500-member strong start-up and innovation hub located in Dublin.

The selected innovators are:

Charnté Marthinus – Smartview Technology

SmartView Technology provides enterprise-grade utility management solutions. Their advanced software and mobile application allows for real-time monitoring and management of consumption, making it easier for businesses to control costs, improve efficiency and reduce environmental impact.

Ahren Posthumus – Momint

Momint uses blockchain technology to ensure that capital is invested in renewable energy projects in a fast and safe way. They do this by fractionalizing renewable energy projects enabling individuals to co-invest in the financing of the projects, enabling a return on investment and contributing to a just and sustainable transition.

Priaash Ramadeen – The Awareness Company

The Awareness Company is a situational awareness company that uses data to help organizations achieve operational efficiency and sustainability through their software product called Hydra. This integrates with organizations sensors and third party systems, thus enabling automated data storytelling and quality insights.

Jabulani Nyembe – Athena

Athena enables affordable access to healthcare services through a platform that allows patients to pay their medical treatment costs in monthly installments. They use technology to administer this process for both doctors and patients.

Michelle Geere – AdBot

Adbot provides online advertising solutions for small business owners by handling all their digital marketing needs through its AdBot. They make online advertising easy, effective and accessible.

Prudence Simelane – Samanjalo

Samanjalo is a fly ash beneficiation business that uses geo-polymer technology to turn coal waste (fly ash) into green products used in construction and infrastructure environments such as green cement, bricks, pavers and barricades.

Kgololo Lekoma – Credipple

Credipple is a talent marketplace for trusted creative and digital professionals. They reduce friction in the process of hiring remote work professionals by matching clients to trusted professionals and streamlining the admin processes, to make it easier to collaborate and do great work.

The Irish Tech Challenge will award the seven selected entrepreneurs up to €10,000 each in funding, a funded trip to Ireland where they will be part of a curated business networking programme with access to the country’s top business leaders, access to the Irish tech ecosystem with potential opportunities for further funding and acceleration support to position their global scaling strategy in collaboration with Dogpatch Labs.

You can register here to see the startups at the showcase on the 30th of August 2024 at the Tshimologong Digital Innovation Precinct.

Microsoft advocates for AI adoption by SMES in the pharmaceutical space

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Microsoft says, AI can boost small and medium enterprises (SMEs) in the pharmaceutical space by among others, giving them better access to financial services, optimizing their processes and improving their service delivery. This, in turn, could have a powerful effect on national healthcare provision, including medicine availability.

While speaking about a new partnership with Kenyan startup, Zendawa, Microsoft Africa Transformation Office General Manager, Gerald Maithya, underscored how AI is helping to reimagine pharmaceutical operations across both rural and urban areas of East Africa by
creating online access to pharmaceutical offerings as well as financing solutions for small businesses and pharmacy shops. Zendawa has collaborated with tech firm Flapmax and Microsoft to rollout AI-powered solutions.

“Zendawa is a great example of what small businesses in Africa can accomplish with AI. That’s why Microsoft’s ambition is to democratise our breakthroughs in AI to help local businesses be more productive and go on to solve the most pressing problems of the
continent. We’re excited to support Zendawa as they look to transform access to quality healthcare in Africa,” said Maithya.

Through the partnership, Zendawa has set up a marketplace where online users can order pharmaceutical products. Further, by leveraging AI, Zendawa can match these orders to the nearest pharmacy, while providing last mile delivery thereafter. In addition, to help streamline forecasting within pharmacies and improve access to funding, the startup uses optimised software tools and improved supply chain management.

“Understanding that operational expenses account for around 70 percent of pharmacies’ annual budget allocation, Zendawa provides these businesses with a digital suite to track their online and offline sales. It then uses AI to analyse data from the digital suite of tools
used by its pharmacy partners and develops credit scores. These scores help unlock access to capital, which pharmacies can use to restock or pay for utilities,” said Wilfred Chege, Co-founder and CEO.

Already, Zendawa serves 520 pharmacies in the region with the aim of reaching 10,000 by the end of the year. Through its expansion, the startup hopes to transform the outlook for local pharmacies, not only enabling them to contribute positively to the availability of
essential medicines across East Africa, but at the same time having a positive impact on much-needed small business development and job creation.

Xbox Games seeks to drive accelerated growth of Africa’s video game industry

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The recently concluded 2024 Xbox Game Camp Africa marked a significant milestone in the development of Africa’s gaming industry, highlighting the industry’s potential for growth.

The two-day hybrid event hosted physically in Johannesburg, South Africa, Casablanca, Morocco, and Nairobi, Kenya, brought together industry experts from Xbox, aspiring game developers, and gaming enthusiasts from across the continent to foster innovation and collaboration.

In Nairobi, the event was hosted at the Microsoft Africa Development Centre, offering participants a series of hands-on workshops covering various aspects of game development, including design, storytelling, brand building, and marketing.

Speaking in Nairobi, Temi Afolabi, the Xbox Global Expansion Team (GXT) Lead for Africa and Middle East said: “The Xbox Game Camp Africa represents a pivotal moment for us at Xbox. It’s not just about coming to Africa; it’s about immersing ourselves in the incredible talent here and figuring out how we can truly make a difference. Leveraging our extensive industry experience, this initiative is our commitment to paying it forward—empowering individuals and equipping them with the tools and knowledge they need to excel in the gaming industry.”

According to estimates, Africa’s video game industry is expected to reach USD 1 billion in revenue for the first time this year, up from USD 862 million in 2022, demonstrating a robust growth trajectory that will reverse the global trend of declining video game activity. The Xbox Game Camp Africa aimed to capitalise on this growth by supporting talent development, providing support, and inspiring the next generation of African game developers.

On her part, Irene Githinji, Education Engagements Lead at Microsoft ADC, emphasised the importance of skills development and training in the industry, saying: “The Xbox Game Camp offers a great opportunity for us to meet up with the Xbox team as well as game developers and see what we can do together in the space. We get to see the talent that is budding in the gaming industry and begin designing skilling initiatives that will support the growth of the industry. Also, with different countries taking part in the camp, we try to understand their pain points and begin to curate programs and projects that align with the industry needs.”

Speaking at the same event, Melissa Boone, Principal Xbox Research Manager and Chief of Staff at 343 Industries, a part of Xbox Game Studios, said: “Africa’s gaming industry is on the cusp of something truly remarkable. The creativity and passion we’ve witnessed here are impressive. At Xbox, we believe in the power of games to bring people together and inspire change. Our commitment is to support the talented developers and help them turn their innovative ideas into reality.”

While presenting a huge opportunity, African gamers are still faced with significant challenges. Further, according to the Africa Games Developer Survey, around 63 percent of local game developers have five years of development experience or less. Additionally, African gaming professionals struggle to develop financially viable careers, with just 19 percent ever having secured external investment for any of their past projects.

“The growth of Africa’s video game industry is not just an opportunity for local developers but for the global gaming community. By collaborating and sharing resources, we can accelerate this growth and create a vibrant ecosystem that benefits everyone involved,” said Esteban Lora, a gaming technology and music supervision specialist at Xbox Game Studios.

The Nairobi edition of the camp included meetings with various game development studios who pitched their projects to receive support from the Xbox Global Expansion Team.

Some of the projects presented included “Tingish” and “Finke Desert Race” by Arkitech Studios, who won The Fak’ugesi Festival Awards in 2022, an African first awards in video gaming, animation, XR (VR and AR), digital art, and music.

Founded in 2020, the Xbox Game Camp is held in different regions globally and features inspiring keynotes from prominent figures in the gaming industry, including renowned game developers and Xbox executives, who share their insights on the future of the industry.

Xbox Games seeks to drive accelerated growth of Africa’s video game industry

0

The recently concluded 2024 Xbox Game Camp Africa marked a significant milestone in the development of Africa’s gaming industry, highlighting the industry’s potential for growth.
The two-day hybrid event hosted physically in Johannesburg, South Africa, Casablanca, Morocco, and Nairobi, Kenya, brought together industry experts from Xbox, aspiring game developers, and gaming enthusiasts from across the continent to foster innovation and
collaboration.
In Nairobi, the event was hosted at the Microsoft Africa Development Centre, offering participants a series of hands-on workshops covering various aspects of game development, including design, storytelling, brand building, and marketing.
Speaking in Nairobi, Temi Afolabi, the Xbox Global Expansion Team (GXT) Lead for Africa and Middle East said: “The Xbox Game Camp Africa represents a pivotal moment for us at Xbox. It’s not just about coming to Africa; it’s about immersing ourselves in the incredible talent here and figuring out how we can truly make a difference. Leveraging our extensive industry experience, this initiative is our commitment to paying it forward—empowering individuals and equipping them with the tools and knowledge they need to excel in the gaming industry.”


According to estimates, Africa’s video game industry is expected to reach USD 1 billion in revenue for the first time this year, up from USD 862 million in 2022, demonstrating a robust growth trajectory that will reverse the global trend of declining video game activity. The Xbox
Game Camp Africa aimed to capitalise on this growth by supporting talent development, providing support, and inspiring the next generation of African game developers.


On her part, Irene Githinji, Education Engagements Lead at Microsoft ADC, emphasised the importance of skills development and training in the industry, saying: “The Xbox Game Camp offers a great opportunity for us to meet up with the Xbox team as well as game developers and see what we can do together in the space. We get to see the talent that is budding in the gaming industry and begin designing skilling initiatives that will support the growth of the industry.

Also, with different countries taking part in the camp, we try to understand their pain points and begin to curate programs and projects that align with the industry needs.” Speaking at the same event, Melissa Boone, Principal Xbox Research Manager and Chief of
Staff at 343 Industries, a part of Xbox Game Studios, said: “Africa’s gaming industry is on the cusp of something truly remarkable. The creativity and passion we’ve witnessed here are impressive.

At Xbox, we believe in the power of games to bring people together and inspire change. Our commitment is to support the talented developers and help them turn their
innovative ideas into reality.”

While presenting a huge opportunity, African gamers are still faced with significant challenges. Further, according to the Africa Games Developer Survey, around 63 percent of local game developers have five years of development experience or less. Additionally, African gaming professionals struggle to develop financially viable careers, with just 19 percent ever having secured external investment for any of their past projects.

“The growth of Africa’s video game industry is not just an opportunity for local developers but for the global gaming community. By collaborating and sharing resources, we can accelerate this growth and create a vibrant ecosystem that benefits everyone involved,” said Esteban Lora, a gaming technology and music supervision specialist at Xbox Game Studios.

The Nairobi edition of the camp included meetings with various game development studios who pitched their projects to receive support from the Xbox Global Expansion Team. Some of the projects presented included “Tingish” and “Finke Desert Race” by Arkitech Studios,
who won The Fak’ugesi Festival Awards in 2022, an African first awards in video gaming, animation, XR (VR and AR), digital art, and music.
Founded in 2020, the Xbox Game Camp is held in different regions globally and features inspiring keynotes from prominent figures in the gaming industry, including renowned game developers and Xbox executives, who share their insights on the future of the industry.

A Complete TuneFab Amazon Video Downloader Review

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When you are looking for a reliable tool to download Amazon Prime videos to regular formats such as MP4 on Mac/Windows, TuneFab Amazon Video Downloader will definitely come into your eyes, which has peaked the top of many ranking lists. But is it worth trying?

For beginners who are new to TuneFab Amazon Video Downloader, this complete review can be your reference to evaluate the software before getting started. Now, just dive into reading!

Overview: Introduction of TuneFab Amazon Video Downloader

TuneFab Amazon Video Downloader is a powerful software solution designed to help desktop users download and save their favorite movies as well as TV series from Amazon Prime Video. Through embedding the Prime Video player within the software, you can directly search for any resource to download offline without installing the official app at all.

By offering high-quality downloads and the user-friendly video download operation, TuneFab Amazon Video Downloader has quickly become a go-to option for those looking to have more a flexible video playback experience offline. You will definitely access the same playback quality even after using the software to extract videos from Amazon Prime Video to play in other media players.

Key Features of TuneFab Amazon Video Downloader

Now, let’s also move on to see what makes TuneFab Amazon Video Downloader a leader of the market and attracts a large group of loyal users since its launch.

Direct Video Download with Embedded Browser

By directly embedding the Prime Video browser into the software, TuneFab Amazon Video Downloader allows you to search for any video resources to download offline without regional limitations. The tool will decrypt DRM protection, and download Amazon Prime videos to Mac/Windows as common MP4, MKV, or MOV files, making them compatible with all devices and media players to stream without failures.

Full HD and Original Audio Effects Retained

TuneFab Amazon Video Downloader allows users to download videos in up to 1080p Full HD quality, with the ability to retain uncompressed image as well as audio quality while resolving the video download. This ensures that you can enjoy your favorite Prime movies or TV shows with crystal-clear visuals and immersive audio without any affection. Even on large screens like on televisions, you will get the same high-quiality playback experience!

5X Faster Batch Download Capability

One of the standout features of TuneFab Amazon Video Downloader is its ability to download multiple videos simultaneously. This batch download functionality saves time and effort, especially when you want to save entire seasons of a TV show or multiple movies for an upcoming trip within limited time. The software even equips with multiple hardware acceleration technologies to speed up the resolving process to 5X faster, making the video download even more efficient to complete.

Multi-language Subtitle and Audio Track Selection

TuneFab Amazon Video Downloader goes beyond just video quality by offering options to download subtitles and multiple audio tracks. This feature is particularly useful for language learners or those who prefer to watch content in its original language with subtitles. You can choose from available subtitle languages and audio tracks, ensuring a customized viewing experience even when offline.

Ad-Free Downloads

When you download content using TuneFab Amazon Video Downloader, you can say goodbye to interruptions. The software removes any ads that may be present in the original stream, ensuring you to have an uninterrupted viewing experience even without subscribing to the Prime Video membership at all. This feature enhances the enjoyment of your downloaded content, making it feel more like a premium, ad-free service.

Pricing Plans of TuneFab Amazon Video Downloader

It is noted that TuneFab Amazon Video Downloader is not free at all, but it does offer a free trial that allows users to test the software’s capabilities before committing to a purchase. The trial version typically includes limitations, which only allows you to download videos no longer than 5 minutes. Also, the trial period only lasts for 30 days.

For those ready to unlock the full potential of TuneFab Amazon Video Downloader, there are 3 optional pricing plans available to select:

Monthly Plan: Costs at USD 29.95/month, which is ideal for short-term use or those who want to try the service for an extended period.

Annual Plan: Costs at USD 59.95/year, offering significant savings compared to the monthly option, perfect for regular users.

Lifetime License: Costs at USD 99.95, only needing an one-time purchase that provides unlimited access to the software and its updates.

Exact pricing details may vary, so it’s recommended to check the official TuneFab website for the most current information and any ongoing promotions.

How to Use TuneFab Amazon Video Downloader

TuneFab Amazon Video Downloader also delivers an easy-to-use function, making Amazon Prime video download not a hard thing to process in your busy daily life.

Tech Spec of TuneFab Amazon Video Downloader

Before diving into the usage instructions, it’s important to note the technical requirements for TuneFab Amazon Video Downloader, which also determines whether your devices can well compatible with the software before the installation:

Supported Operating Systems: Windows 11/10/8/7 and macOS 10.14 or later

Processor: Intel i3 or abov, AMD Athlon or above (Windows) ; Core 2 Quad or higher (macOS)

Hard Disk Space: At least 20 GB for installation

RAM: 4 GB or abover

How to Use TuneFab Amazon Video Downloader to Download Amazon Videos

In the following, also check the tutorial and follow step by step to download Amazon Prime videos with TuneFab Amazon Video Downloader immediately:

Step 1. Download TuneFab Amazon Video Downloader from the official website and complete the installation. When you open the software, you need to complete the account signin with your Prime Video account first.

Step 2. On the interface of the downloader, you can use the search bar to search for movies or shows you like, or directly pasting the video URL to access the exact result as you need. Once the video results are provided, simply choose those you like and click “Add to Queue” to import them to the converting list.

Step 3. After adding the Prime videos you want to download to the converting list, you can directly adjust both the output format and quality to download them on this screen.

If you need to further select the audio track or subtitle languages, you can go to “Preferences” setting window under the “Menu” list.

Step 4. Finally, simply click the “Convert All” button to download all added Prime videos offline immediately.

Final Verdict

In conclusion, if you’re looking to take your Amazon Prime Video experience to the next level with lossless offline viewing experience, TuneFab Amazon Video Downloader is definitely worth trying. Its combination of features, ease of use, and quality output make it a top contender in the video downloader market. You are recommended to start with its free trial without any cost before making a purchase. Now, install and try!

Qardy Surpasses a $7-figure pre-seed round of Investments, Poised for Growth

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Qardy, the digital lending marketplace in Egypt and the MENA region has successfully secured a $ 7-figure pre-seed round of investment to fund MSMEs (Micro, Small, and Medium Enterprises).

The investment was from White Field Ventures and Vastly Valuable Ventures among other Angel Investors.

“We are thrilled to have reached this important milestone in our journey,” said Tamer El-Manasterly, COO of Qardy. “The support and trust of our investors have been instrumental in driving our growth and enabling us to expand our reach and impact in the market. This investment will allow us to further enhance our services, as well as accelerate our plans for expansion in KSA and the region.”

This significant milestone underscores the confidence that investors have in Qardy’s innovative approach to financial services and its potential for growth.

Since their soft launch in late 2022, Qardy has quickly established itself as a trusted partner for MSME’s and financial institutions. Qardy has over 1,000 corporate clients on its platform, and have executed over 550,000,000 Egyptian pounds (approximately USD12 Million) in loan transactions.

Qardy has been dedicated to revolutionizing the way financial services are delivered in Egypt. Through their cutting-edge technology, they offer a wide range of tailored financial programs to support MSMEs (Micro, Small, and Medium Enterprises) with their working capital, and capital expansion needs. They do this through their broad network of financial institutions, which includes National and commercial banks, leasing, factoring, and Micro finance companies.

In a statement reflecting their commitment to Qardy, 500 Global expressed their belief in its mission to democratize access to financial services. Amal Dokhan, Managing Partner at 500 Global says “We are thrilled to support Qardy in their journey towards empowering businesses with accessible and efficient financial solutions. We are confident in their ability to drive positive change in the fintech sector.”

In a statement regarding the investment, White Field Ventures expressed their enthusiasm for partnering with Qardy and their belief in the company’s mission to disrupt the lending landscape in Egypt and the KSA. Kapil Agrawal, Managing Director, shared, “We are thrilled to stand behind Qardy’s exceptional team as they drive forward with their vision to transform the lending sector in the region. Qardy’s adept execution capabilities and unwavering commitment to customer-centric solutions are in perfect alignment with our investment ethos. We are excited about the achievement Qardy has reached and are fully prepared to support their expansion into the KSA. We are confident in their ability to achieve continued success.”

HAVAÍC completes the first close of its US$50 million African Innovation Fund 3

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HAVAÍC, Cape Town-headquartered Venture Capital (VC) firm, has announced the first close of its US$50 million African Innovation Fund 3. In partnership with cornerstone investors Universum Wealth and The SA SME Fund, as well as local and international family offices, the fund has secured US$15 million in commitments for its first close in July 2024.

The African Innovation Fund 3 is earmarking 15 investments in early-stage, high-growth, post-revenue investments born in Africa with regional and global growth potential. From seed stage to Series A and B, the investments will fortify HAVAÍC’s 20-strong portfolio, which already serves over 20 million customers in 190 countries across the globe.

This marks HAVAIC’s third African-focussed fund and its largest to date. The VC firm launched its first US$6 million Fund 1 in 2016, followed by its US$20 million Fund 2 in 2020. Now fully deployed, both funds are on track to realise additional exits, adding to HAVAÍC’s landmark fifth exit achieved last year.

The SA SME Fund is among a growing cohort of leading institutional investors channelling capital into the local VC industry. This, combined with a recent surge in new funds supporting Africa’s entrepreneurs, bodes well for the continent’s thriving startup ecosystem in HAVAÍC’s key markets of South Africa, Kenya, and Nigeria.

Ian Lessem, Managing Partner at HAVAÍC, said, “Our deepening relationship with institutional investors means we can support more African tech entrepreneurs in scaling into new markets and generating diversified revenue for reinvestment into Africa. A thriving VC ecosystem translates into economic growth and the creation of skilled local jobs. We are proud to support positive change in Africa and beyond, and thank our partners for supporting our vision.”

Jonathan Sieff, Managing Partner at Universum Wealth, added, “We continue to be impressed with HAVAÍC’s trademark expertise and proven ability to source compelling opportunities which deliver market-leading returns. Supporting Ian and his team has been a key part of our client offering. Alternative, uncorrelated assets enable our clients to sensibly diversify their portfolios and generate higher returns over chosen investment time horizons.”

Ketso Gordhan, CEO of The SA SME Fund, added, “Our commitment to HAVAÍC represents the fifth commitment by The SA SME Fund’s Venture Capital Fund of Funds to a leading Venture Capital firm. These VC Funds are at the forefront of finding innovative solutions to intractable social problems, allowing us to realise commercial returns to our investors while at the same time achieving real impact. We are delighted to be working with HAVAÍC in their new Fund.”

The announcement follows the release of HAVAÍC’s 2023 results, marking a 400% increase in total annual revenue and a landmark fifth exit. During the reporting period, the VC delivered 193% in total realised exited returns and 120% in total unrealised carrying returns.

Most recently, HAVAÍC completed an investment in sports data and analytics company Sportable, plus follow-on investments in RNR, RapidDeploy, hearX Group, and AURA. In March, RapidDeploy was named among Fast Company’s Most Innovative Companies, while hearX Group (#10), FairMoney (#12), and AURA (#27) ranked on the Financial Times’ 2024 ranking of Africa’s fastest-growing companies.

Cassava Technologies launches its own AI business unit, Cassava AI

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Cassava Technologies (Cassava) has announced that its AI activities will now operate as a separate business unit, Cassava AI.

Since the advent of Generative AI, Cassava has forged strategic partnerships with industry giants such as Microsoft, Google, AWS, Anthropic, Oracle, Atlas AI, Cerebras and Palo Alto Networks. These partnerships enable it to offer superior systems integration and support to enterprise customers across strategic international markets.

Cassava already provides services such as Data Centres, Cloud, Cyber Security, Fibre Connectivity, and Renewable Energy to large multinational and local companies. The organisation has already trained and deployed more than 200 people of its 5000-strong staff to empower customers to adopt and use Generative AI services from the world’s leading vendors.

Cassava, headquartered in the UK, was founded by African Entrepreneur Strive Masiyiwa and includes many leading global institutional investors. Hardy Pemhiwa, President and Group CEO, said, “Cassava AI is headquartered in London and can already provide services in any of the 40-plus markets in Africa, the Middle East, and Latin America, where the Cassava Technologies group companies operate. Ahmed El Beheiry, a veteran technology and telecoms executive, will lead this business unit.”

Flutterwave’s Ghana Payment License Paves Way for Secure Transactions

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Flutterwave has recently been granted a Payment Service Provider license (Enhanced Category) by the Bank of Ghana. The milestone marks a significant expansion of Flutterwave’s operations in Africa, enabling the company to offer a comprehensive suite of payment services directly within, and through Ghana.

Ghana presents an exciting market for Flutterwave’s innovative solutions. With a stable democracy, a tech-savvy youth population, and a high mobile internet penetration rate of 71%, Ghana is well positioned for rapid digital adoption. The country’s digital payments market is projected to reach $7 billion in 2024, with an anticipated growth rate of 15.78%, resulting in a total value of $12.96 billion by 2028.

According to Olugbenga ‘GB’ Agboola, Founder & CEO of Flutterwave, “When we started this journey, our goal was to unite the fragmented payment infrastructure in Africa, and securing this license in Ghana brings us a step closer to achieving that mission. At Flutterwave, we are committed to using our platform to promote economic growth to the nation, while also providing unparalleled service to all our prospective customers in Ghana and in the diaspora “

For potential customers in Ghana, Flutterwave’s license translates to more seamless and secure money transfers across the country. Businesses will benefit from direct collection and payout services, automated invoicing, payment links, and a checkout solution that supports multiple payment methods including cards, mobile money, and bank transfers.

The Payment Service Provider license (Enhanced Category) allows Flutterwave to operate without the need for third-party services, streamlining payment processes for businesses and customers alike. The Enhanced Category license further empowers Flutterwave to support other licensed fintech companies in Ghana by providing essential payment services, ultimately promoting a more integrated and efficient financial ecosystem.

Oluwabankole Falade, Chief Regulatory Officer at Flutterwave, said: “We are grateful to the Bank of Ghana for their trust and support in granting us this license. This milestone highlights our commitment to regulatory compliance and delivering secure, reliable payment solutions. We are excited to contribute to Ghana’s dynamic business ecosystem and support the financial inclusion of Ghanaians, both locally and globally.”

Define Business Value Before Building Your AI Strategy

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By Peter Nalika

Generation Z [GenZ] in Kenya uniquely incorporated AI into their activism as the world advances in this technology. During #RejectFinanceBill2024, they used generative AI [GenAI] to create posters, songs, and videos to protest against the finance bill.

While GenAI is a vital technology, understanding its integration with core business functions is crucial for efficiency. The Kenyan Gen Zs first understood the value of their activities, which was to communicate effectively. Then they used GenAI to enhance these communication elements and elaborately voiced their grievances.

We can clearly see that GenAI requires the human power to be super transformative.

Linda Gichohi, a legal expert in Legal Tech and AI, views AI as a transformative force reshaping industries and revolutionizing human interaction. She notes that Africa is increasingly adopting AI technology, envisioning it as a catalyst for a brighter future.

“Although Africa’s AI journey is filled with hope and potential, it also faces challenges and concerns”, writes Gichohi.

In tandem with Gichohi sentiments, AI offers great opportunities for productivity gains however achieving them is challenging. Even with the right technology, a significant breakthrough in human capability is necessary. For example, it’s important to change workflows, free up time, and learn new skills to fully utilize AI’s capabilities.

From a governance perspective, Lynda Ouma and her colleagues argue that Kenya is not yet ready to pass laws that effectively regulate, create awareness, and build capacity in the robotics and AI fields. Ouma, and her research team recommend that regulation should follow strategy, ensuring that the AI ecosystem in Kenya is nurtured to its full potential.

In conclusion, organizations must train their workforce to use AI responsibly, focusing on enhancing critical thinking skills. This workforce also needs cognitive skills and governance support to operate in hybrid intelligent settings.

Peter Nalika is a Technologist and Communication Consultant

Egypts B2B e-commerce  platform Cartona secures $8.1 million to expand into new markets in MENA

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Egypt-based B2B e-commerce  platform Cartona has raised $8.1 million in a ​Series A extension fundraise led by Algebra Ventures ,the leading Egyptian tech venture capital firm, with participation from Cartona’s existing investors , Silicon Badia and the SANAD Fund for MSME.

The round was raised from a strong position, with Cartona still having a significant cash position from its previous $12 million Series A funding, which was led by Silicon Badia.

Mahmoud Talaat, CEO and Co-Founder of Cartona, said: “We are delighted to complete a Series A extension which we have done from a position of strength. Our operational and financial metrics are all ​progressing ​very positively which has helped us to​attract capital from existing and new investors.

“We are committed to delivering ​our strategy which includes transforming the traditional trade market ​and creating value for all stakeholders in the marketplace. Our product ​​rollout, verticals and offerings ​will continue to ​grow as will our penetration of the Egyptian​ market​. We have an exciting future ahead, replicating the successful execution of our business model in other ​regional markets – all making trading as easy and accessible as possible for retailers​ and suppliers​,”he added.

Equity capital of $5.6 million will be utilised​ to further accelerate ​growth in Cartona’s different verticals, including ​FMCG and ​HORECA; grow its market share; establish firm foundations for regional expansion​ into new large markets in MENA; and explore exciting possible B2B2C opportunities.  

This round includes $2.5 million in debt capital from leading ​debt ​​providers Camel Ventures and GlobalCorp,as part of Cartona’s strategy to have diversified sources of capital.

Cartona’s asset-light business model, ​with a lean cost base and compelling unit economics, remains a major competitive differentiator , especially amid an inflationary environment , with the Company reaching experience levels on ​par with asset-heavy operating models.

This positive outlook follows strong ​financial and operational progress for the Company, and a strategy geared to an exciting future, currently, the platform has over 188,000 retailers​ on the platform​; ​and ​a presence in 17 Egyptian cities​ with a growing market share​.

Additionally, there’s increased digital adoption and ​​product ​growth, with ​​social engaging ​feature​s ​enabling small ​retailers to ​pool orders, ​and also unlocking access to finance​​.

Also ,the fast-growing new HORECA vertical which Leverages Cartona’s infrastructure ​and learnings ​in its FMCG B2B core business​, serves over 3,000 customers already , proving the scaling speed of asset-light models​.

Omar Khashaba, General Partner at Algebra Ventures, commented: “Cartona has built an exceptionally capital efficient model that has allowed it to deliver on strong growth and profitability, even during economic headwinds. The asset light nature of its model creates scalable infrastructure that can quickly be adapted for entry into new markets and adjacencies. Cartona has also been a driving force for financial inclusion in the retail sector as more and more of its small merchants take advantage of inventory financing options. 

“Mahmoud is an incredible operator and seamlessly blends deep domain expertise in the retail sector with a willingness to leverage technology to rewrite the playbook. The team’s core focus on profitability, even when capital was cheap, helped establish credibility in debt discussions with banks and NBFIs. We’re grateful for the opportunity to partner with Mahmoud and his team and believe it will go all the way.”

Founded in 2019 by Mahmoud Abdelfattah, Mahmoud Talaat, Rafik Zaher, Cartona is digitising the traditional trade market in Egypt by connecting small retailers, FMCG producers, wholesalers, and distributors on its platform. 

The platform enables retailers to better manage stock and working capital via cash or credit orders  improving profit margins. Cartona’s proprietary technology can be fully integrated with retailers and suppliers for ordering, inventory management, branding, embedded finance, ledger and tax.  

In 2022, Cartona closed a $12 million Series A led by Silicon Badia and other investors.

Chowdeck Announces Exclusive Partnership with Chicken Republic in Lagos and Ibadan

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Chowdeck, the on-demand delivery service in Nigeria, has announced an exclusive partnership with Chicken Republic, a quick-service restaurant chain and franchise, that will enable enhanced quality, more affordable, delivery meals for its users in Lagos and Ibadan.

Chowdeck already provides logistics services for Chicken Republic in eight Nigerian cities, and this new agreement cements its position as the preferred delivery partner. 

According Femi Aluko, CEO and co-founder of Chowdeck, “This collaboration underscores our commitment to delivering high-quality, efficient, and convenient services. Combining our fast-growing delivery network with Chicken Republic’s exceptional offerings, we aim to enhance the customer experience and bring happiness to more individuals across Lagos and Ibadan.”

Leveraging Chowdeck’s advanced logistics and technology, customers in Lagos and Ibadan will benefit from lower delivery fees and enjoy some of the fairest prices online. Additionally, the partnership will include periodic in-app special discount offerings and the opportunity to earn Chowscore points through Chowdeck’s loyalty program, further enhancing value and satisfaction for loyal customers. To kick off the partnership, Chowdeck users are being offered an exclusive N1000 meal deal.

Chicken Republic will now be able to serve a larger customer base, ensuring that more people can enjoy their delicious offerings. This collaboration will drive increased daily sales and customer engagement while addressing the growing demand for online food delivery, projected to reach 52.0 million users by 2029. Customers can look forward to more efficient and reliable delivery, ensuring their meals arrive hot and fresh.

Kofi Abunu, CEO of Food Concepts Plc, also said, “We are thrilled to deepen our partnership with Chowdeck. Their remarkable growth over the past year, combined with the forward-thinking approach of their team and their unwavering commitment to investing in partner development, leave us with no doubt that they are here for the long term and will successfully address the last-mile delivery challenge. Our loyal customers around the country, especially in Lagos and Ibadan, can look forward to an enhanced delivery experience with Chicken Republic on Chowdeck.”

Samsung announces availability of Galaxy Z Fold6, Z Flip6

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Samsung has announced the global availability of Galaxy Z Fold6, Galaxy Z Flip6, Galaxy Watch Ultra, Galaxy Watch7, Galaxy Buds3 series and the much-anticipated Galaxy Ring.

Galaxy Z Fold6 and Flip6: New and Versatile AI Experiences

The new Galaxy Z Fold6 and Flip6 have opened the next frontier of Galaxy AI, leveraging their unique form factors that advance communication, productivity and creativity like never before. When it comes to communication, easily understand someone in another language whether just by listening or having a conversation with Interpreter, making the most of the unique dual screen form factor. Reply while on the move with Suggested replies, which recommends tailored responses to messages without even needing to open the device.

The Galaxy Z Fold6 and Flip6 are the slimmest and lightest, as well as the most durable Z series ever. The display has been upgraded thanks to enhanced layers on the main screen, which not only offer durability, but also visibly improve the crease. Galaxy Z Fold6 offers a new cover screen ratio, which also fits more naturally in the hand, while Galaxy Z Flip6 delivers a flagship-level camera experience, longer battery life and for the first time ever, a vapor chamber to maximize performance on-the-go.

Enhanced Galaxy Ecosystem Powered by Galaxy AI

The newest additions to the Galaxy Watch line-up are central to Samsung’s vision for enhancing digital health and everyday wellness through Galaxy AI. Galaxy Watch Ultra and Galaxy Watch7 allow tracking of advanced glycation end products (AGEs) for the first time for a better understanding of metabolic health, while a Dual-frequency GPS system tracks location more precisely than ever for workouts in any outdoor environment from busy cities to dusty trails.

Galaxy Ring is the newest form factor, offering Samsung’s powerful sensor technology in the smallest wearable yet. The distinct concave design is stylish and durable with a Titanium Grade 5 finish, built for extended wear and 24/7 health monitoring. With sleep being the foundation of wellness, Galaxy Ring is the optimal form factor to offer Samsung’s best-in-class sleep analysis and powerful sleep AI algorithm, based on all-new sleep metrics for a more detailed analysis and understanding of sleep.

Galaxy Buds3 series offers a sleek new blade design for a modern yet practical style, and with Canal Type for Galaxy Buds3 Pro and Open Type for Buds3, there is a pair to suit everybody regardless of their preference. Ultra High Quality Audio delivers superb detail in every sound and with Super-Wideband Call feature, phone calls can also be heard in flawless quality even when in noisy environments.

Availability

Pre-orders of the sixth-generation Galaxy Z series in [insert country] exceeded the previous generation by XX%. The Galaxy Z Fold6, Galaxy Z Flip6, Galaxy Watch Ultra, Galaxy Watch7, Galaxy Buds3 series and Galaxy Ring will be available globally from July 24, 2024.

The Galaxy Z Fold6 is available in Silver Shadow, Pink and Navy. Galaxy Z Flip6 also offers Silver Shadow, in addition to Yellow, Blue and Mint colors.

Galaxy Watch Ultra is available in a 47mm size in Titanium Gray, Titanium White and Titanium Silver. Galaxy Watch7 is available in two sizes, 40mm and 44mm. Choose from Green and Cream color options for 40mm and Green and Silver for 44mm.

Galaxy Buds3 series is available in two colors, Silver and White.

Galaxy Ring is available in nine size options to ensure the perfect fit with three color choices – Titanium Black, Titanium Silver and Titanium Gold.

vivo Y28 with a robust 6000 mAh battery unveiled in Kenya

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vivo has launched its Y28 smartphone series in Kenya with its ultra-slim 7.99 mm  body that surprisingly accommodates a massive 6000 mAh battery.

vivo Y28 is equipped with a massive 6000 mAh battery, providing ample power for extended gaming sessions and full-day outings without the need for frequent charging. Its durability is further highlighted by its 4-Year Battery Health, ensuring that the battery remains robust, retaining at least 80% of its capacity after 1600 charge cycles. Coupled with 44W FlashCharge , it ensures quick top-ups, allowing users to get back into the action swiftly.

The device’s 8 GB + 8 GB Extended RAM  and 128| 256 GB storage capacity ensures seamless performance for smooth app transitioning and ample storage. Furthermore, the Sunlight Eye Protection Screen with a 90 Hz refresh rate  and High Brightness Mode, ensuring smooth visuals and reduced eye strain. The screen also boasts TÜV Rheinland Low Blue Light Certification , ensuring that eyes are protected from harmful blue light. Coupled with dual stereo speakers featuring a 300% audio booster, Y28 delivers an unparalleled audio-visual experience that’s rich, crisp, and immersive.

The camera system on vivo Y28 enhances the phone’s features, offering users a commendable photography experience. The device comes equipped with a 50MP HD Main Camera that ensures every detail is captured with clarity and precision. The 8 MP Front Camera with Aura Screen Light enhances selfies by providing even illumination, ensuring that portraits are bright and vibrant. Along with the custom Photo Borders feature and Dynamic Light, Y28 enables capturing moments perfectly.

vivo Y28 will be available in Kenya from 22nd July 2024, starting at 22,999ks for the 128 GB version and 25,999ksh for the 256 version.

Egypt’s edtech Educatly raises $2.5 million to solidify its presence in Egypt, Nigeria, Kenya, and the UAE

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Educatly, an Egyptian edtech sartup, has raised $2.5 million to solidify its presence in the Middle East and Africa, including key markets such as Egypt, Saudi Arabia, the United Arab Emirates, Nigeria, Kenya, and Ireland.

The round was led by TLcom Capital and Plus VC with participation from Egypt Venture (Egypt) and the HBAN syndicate (Ireland).

According to Engineer Mohmmed El-Sonbaty, Founder and CEO of Educatly, “Today, we are proud to receive this new investment, which reaffirms our commitment to continue working towards our vision and strategic goals through an ambitious plan aimed at increasing growth and expanding our operations in Africa and the Middle East. It will also enhance the services we provide to reach more students around the world and help them achieve their goals.”

Launched in 2020, Educatly provides information on all types of schools and universities worldwide, as well as various programs and scholarships. Using artificial intelligence (AI) and large language models (LLM), the platform helps universities reach and engage with students seamlessly. The platform features over 1,100 universities in 90 countries around the globe.

In 2021, Educatly raised $1 million in a pre-seed funding round, which included participation from Enterprise Ireland, Falak Startups, among other investors. In addition to that, Educatly has research and development centres in Cairo and Dubai with investments totaling $500,000 a year aimed at developing a digital platform that meets global standards.

Dr. Abdelrahman Ayman, Co-Founder and Chief Operating Officer of Educatly, added, “This fund highlights the potential of educational technology in the region. Since the launch of Educatly, we have offered a wide range of services, with our business model focusing on three main pillars: helping students choose their fields of study, find the ideal programs and universities, and connect with students and Alumni around the world. We provide a comprehensive digital map of educational institutions worldwide to assist users. We also offer financial support through diverse instalment systems in collaboration with our partners, helping students access the best educational programs based on their needs. To date, we have reached over 3 million students and aim to increase this number to approximately 7 million by the end of 2024.”

Uber partners BYD to bring 100,000 new electric cars to its platform

UBER and BYD, an electric car maker, have today partnered to bring 100,000 new BYD electric vehicles onto the Uber platform across key global markets beginning first in Europe and Latin America, then expand to Middle East, Canada, Australia, and New Zealand.

With the deal, Uber and BYD aim to bring down the total cost of EV ownership for Uber drivers, accelerate the uptake of EVs on the Uber platform globally, and introduce millions of riders to greener rides.

“Uber and BYD share a commitment to innovate towards a cleaner, greener world, and I am excited to work together towards that future,” said Chuanfu Wang, Chairman and President of BYD.

While Uber drivers are going electric five times faster than private car owners, driver surveys show the price of EVs and availability of financing remain the key barriers to switching. In addition to their affordability, BYD vehicles have lower costs of maintenance and repair, and are well suited to rideshare due to the wide range of models, superior battery performance, and excellent build quality.

To support drivers going electric, the companies’ joint efforts may also include discounts on charging, vehicle maintenance, or insurance, as well as financing and lease offers, based on what works best for drivers in a given market.

The two companies will also collaborate on future BYD autonomous-capable vehicles to be deployed on the Uber platform. As the largest on-demand mobility and delivery platform in the world, Uber is well-positioned to bring autonomous vehicle technology to a global audience at scale.

“As the largest global agreement of its kind, we’re thrilled about the benefits this partnership will deliver for drivers, riders, and cities,” said Dara Khosrowshahi, CEO of Uber. “When an Uber driver makes the switch to an EV, they can deliver up to four times the emissions benefits compared to a regular motorist, simply because they are on the road more. Many riders also tell us their first experience with an EV is on an Uber trip, and we’re excited to help demonstrate the benefits of EVs to more people around the world.”

In 2023, Uber partnered with Waymo to make the Waymo Driver available to more people via the Uber platform starting in Phoenix. The deal brought together Waymo’s world-leading autonomous driving technology with the massive scale of Uber’s ridesharing and delivery networks.

This integration launched with a set number of Waymo vehicles across Waymo’s newly expanded operating territory in Phoenix, and included local deliveries and ride-hailing trips. The deal made it possible for Uber users to experience the safety and delight of the Waymo Driver on both the Uber and Uber Eats apps. Riders can hail a Waymo vehicle directly through the Waymo One app.

The deal with BYD is similar to Waymo’s aiming to make Uber a leader in human-operated ridesharing, and the pairing of Waymo technology with BYD’s all-electric fleet to reach even more people.

“We are elated to join forces with a global leader like Uber to not only accelerate the transition to electric vehicles but also to make green transportation accessible and affordable for everyone. This collaboration marks a new era in the electrification of urban mobility, and we look forward to seeing our cutting-edge EVs become a common sight on the streets of cities worldwide,” said Stella Li, Executive Vice President of BYD and CEO of BYD Americas.

Galaxy Unpacked 2024; A Look Inside the Galaxy Z Flip6

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The beloved Galaxy Z Flip is back as the Galaxy Z Flip6. After six generations of foldable innovation, the powerful pocket-sized smartphone is more versatile than ever before — with a sleek design and extensive Galaxy AI capabilities to deliver a mobile experience that puts the user’s creativity front and center.

 This versatility stems from unsurpassed technology and a design that carefully considers users’ lifestyles and needs.

1. Main Display

When users unfold the device, they see a Dynamic AMOLED screen with unrivaled picture quality. Photos, videos, games and other content come to life in vivid detail. The main display must be able to resist external shocks and restore its original form when the device is unfolded. Those functions have been enhanced on the Galaxy Z Flip6 with new materials and design techniques that guarantee both durability and flexibility.

Notably, the crease along the folded area is much less pronounced in the Galaxy Z Flip6 compared to earlier models. Besides being stacked with protective film and a more flexible protective layer, the Galaxy Z Flip6’s main display also boasts a more resilient Ultra Thin Glass (UTG) — having increased in thickness by 60%. In addition, high-efficiency organic materials and a new coating technique on the panel with lower reflectivity maximize usage time and make the screen easier to see when outside with a peak brightness that has been boosted from 1,750 to 2,600nits.

 2. Hinge

Samsung’s top-notch proprietary hinge technology is what gives the Galaxy Z Flip6 its slim design and a smooth folding experience. When the device is folded, four drive shafts fold the display into the shape of a water droplet and keep the two screens together for a seamless fit. The integrated hinge module features a symmetrical dual-rail structure that evenly distributes external shocks. The device can be used while fully folded and unfolded, or unfolded at various angles between 75 and 115 degrees. FlexMode allows users to prop up the phone at any angle to watch videos or take photos with no need for a phone stand or tripod.

 3. Hinge Cover and Case

The Galaxy Z Flip’s hinge cover and case are made of Enhanced Armor Aluminum, making them more resistant to scratches and damage. The luxurious colors that elevate the foldable’s aesthetics come from an optimized anodizing coating process, and the use of recycled materials in the device captures the company’s concern for the environment.

4. Vapor Chamber

The Galaxy Z Flip6 is the first in the Z Flip series to feature a vapor chamber. Vapor chambers diffuse heat to prevent smartphones from overheating. The larger the vapor chamber, the more effectively it can dissipate heat and allow devices to maintain stable performance. Samsung managed to include a large vapor chamber in the foldable.

5. Main Battery

The Galaxy Z Flip6 has a battery capacity of 4,000mAh. Samsung used a molding technique on the main battery protection circuits to minimize the size of the protection board, making it possible to increase battery capacity by maximizing the space inside the device.

6. Sub Battery

More energy-dense than before, the sub battery improves the Galaxy Z Flip6’s battery performance even further.

 7. Main PBA

The brain of a smartphone, the printed board assembly (PBA) houses core parts such as the memory and processor. The Galaxy Z Flip6 is the Galaxy Z Flip series’ most compact model by applying a stacked main PBA with highly integrated parts.

 8. Sub PBA

The sub PBA, located on the charging terminal and speaker side, supports various radio frequency bands and the internationally standardized USB Type-C connector. It is also equipped with a low-noise Micro Electro Mechanical System (MEMS) microphone that facilitates accurate speech recognition.

9. Back Cover

The back cover forms the front and back sides of the Galaxy Z Flip6 when it is folded. Incorporated into it is Corning® Gorilla® Glass Victus 2® from Corning — a world leader in glass science and long-standing partner of Samsung.

Kenya Launches Association of Special Economic Zones to Boost Regional Growth

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The economic landscape of Kenya and the broader region has taken a significant leap forward with the formation of the Association of Special Economic Zones (ASEZ).

This newly established independent association aims to unify SEZ developers, operators, enterprises, investors, and service providers, promoting best practices and enhancing national and regional SEZ governance.

David Langat, the Board Chairman of DL Group of Companies and founding Chairperson of ASEZ, highlighted the significance of this new initiative.

“The establishment of ASEZ marks a pivotal moment for Kenya’s economic future. With the support of global and regional associations, we are dedicated to bridging policy and regulatory gaps, ensuring that our SEZs are competitive on the world stage. This is not just about economic zones; it’s about creating a prosperous future for Kenya and Africa.”

ASEZ will complement government efforts to foster a favorable business environment and attract foreign direct investments (FDIs).

By collaborating with government agencies, participating in initiatives, and supporting policy enhancements, ASEZ aims to advocate for global best practices aligned with UN Sustainable Development Goals (SDGs).

The association will promote modern SEZ practices to boost job creation and skill development, conduct research to inform policies, and highlight SEZs as prime investment hubs.

The objectives of ASEZ include enhancing the ease of doing business, attracting FDIs, generating employment, increasing tax revenue, and driving economic growth.

The association’s efforts are expected to significantly contribute to the economic development of Kenya and the broader region, making it a key player in the global economic landscape.

Kenya’s Special Economic Zones (SEZs) are strategic areas designed to attract investment and promote industrialization.

These zones provide tax incentives, streamlined regulations, and modern infrastructure to create a business-friendly environment, aiming to drive economic growth, job creation, and technology transfer.

Key SEZ Locations in Kenya

  • Mombasa: Includes the Dongo Kundu Free Port, serving as a major maritime and logistics hub.
  • Lamu: Positioned on the Indian Ocean, aiming to be a regional trade and tourism center.
  • Kisumu: An inland port city targeted for trade and industrial development.

Benefits of Investing in Kenya’s SEZs

  • Tax Incentives: Reduced corporate tax rates and import duty exemptions.
  • Simplified Customs Procedures: Efficient goods clearance and streamlined paperwork.
  • World-Class Infrastructure: Modern facilities, utilities, and transport networks.
  • Skilled Workforce: Availability of talented labor.
  • Government Support: Strong governmental backing to facilitate business operations.

While SEZs in Kenya offer significant potential, challenges like infrastructure development, skilled labor shortages, and bureaucratic hurdles remain. However, the government’s commitment and investor interest present substantial growth opportunities.

Google Expands Wildfire Boundary Tracker to Kenya & Rwanda to Curb the Spread of Wildfires

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Google has expanded its wildfire boundary tracker to Kenya, Rwanda and several other countries across Europe and Africa to curb the spread of wildfires. By leveraging advanced AI technology, the wildfire tracking model analyses satellite imagery and other data sources to deliver precise and reliable information on the spread of wildfires.

This expansion includes: Andorra, Bosnia & Herzegovina, Bulgaria, Croatia, Cyprus, France, Greece, Italy, Kenya, Monaco, Montenegro, North Macedonia, Portugal, Rwanda, Slovenia, Spain, and Turkey.

“We are committed to using technology to help people stay safe during natural disasters,” said Yossi Matias, Vice President & Head of Google Research. “By expanding our wildfire boundary tracker, we hope to empower communities with the information they need to protect themselves and their loved ones.”

According to a report by the United Nations Environment Programme (UNEP), wildfires will become more frequent, more intense, and more enduring as global temperatures continue to rise in response to human combustion of fossil fuels. And although catastrophic fires in Australia, Europe, and the North American west have commanded the global headlines, 67 percent of the area of this annual global toll, from all causes, has been in Africa.

In Kenya alone, fires have contributed to 0.60 percent of tree cover loss between 2001 and 2023. According to Global Forest Watch, there have been 341 high-confidence fire alerts reported so far in Kenya in 2024.

Google’s wildfire boundary tracker sends informative alerts to people in affected areas, offering essential safety tips and guidance. To cater to diverse populations, the tool supports multiple languages. It is designed to complement existing emergency response efforts, providing an additional layer of protection for at-risk communities.

NCBA waives monthly account maintenance fees for retail banking customers

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NCBA will not charge monthly fees for their retail banking accounts from 1st July 2024 in a move expected to buffer its customers in a tough economic environment.

This change will affect existing current account products and new products applicable for incoming customers with consumer banking account types such as salary account, Platinum Flexi, Platinum Pay as you go, Gold Pay as you go, Premier – All-in-One, Platinum All-in-One and Gold-All-in-One.

The bank adds that Commercial and SME accounts such as your Business Current, Gold and Platinum will benefit from the new arrangement.

“We’ve realized with the current economic landscape the customer values every shilling, and by eliminating the monthly account maintenance fees for both local and foreign currency accounts our goal is to provide a product that ensures they get the full value of their money. This new era of no monthly fees is in line with our commitment to put our customers at the heart of everything we do. By waiving these fees, we are able to provide a buffer for customers enabling them to do much more with their money especially during these hard economic times,” said, Mr. Tirus Mwithiga, Group Director, Retail Banking at NCBA.

With this change, clients will only incur banks charges for services and transactions that they have specifically utilized and which remain unchanged as per its published tariff guide.

The Bank expects these waiver to accelerate its customer growth strategy, a move expected to scale its Retail Banking footprint in a bid to increase affordability and provide customer focused financial solutions.

The move will reflect on maintenance fees charged at the end of the month based on the product type and the banking industry has since moved from ledger fee- based accounts to pay as you go with no maintenance fees.  

Samsung Galaxy Z Fold6 & Galaxy Z Flip6 available on pre-order at Ksh 264,000 & Ksh 148,000 respectively

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Samsung recently launched the Galaxy Z Fold6 and the Galaxy Z Flip6 in the Kenyan market, promising the latest foldable technology integrated with Galaxy AI, Samsung’s answer to OpenAI’s ChatGPT.

In Kenya, the recommended retail price for the Galaxy Z Fold6 (256GB) is Ksh 264,000, while the Galaxy Z Flip6 is Ksh 148,000. These devices are available for pre-order at authorized Samsung stores and e-commerce partners in Kenya pre-order here

Customers who pre-order the Galaxy Z Fold6 will receive a slim S-pen case, while those who pre-order the Galaxy Z Flip6 will receive a flip suite case set.

Flexible Payment Options

With Absa’s flexible payment options, owning the latest Samsung flagship is easier than ever. Using an Absa credit card, you can pre-order the devices through a convenient instalment plan that allows you to spread out the cost of your new device, making it more accessible to everyone.

 Exciting Features of the Foldables.

  1. AI Multi-Search on a Large Screen with Circle to Search:  Experience AI multi-search with text and images for more detailed results. Search anything and view the results on the large screen, enhancing your browsing experience.
  2. Note Assist: Effortless Organization:  Auto-format and summarize your notes with ease. Record and transcribe scripts directly in Notes, streamlining your workflow.
  3. Interpreter:  Turn your device into a personal translator. Use Dual Screen Mode for easy face-to-face engagements and Listening Mode for real-time interpretation during seminars, classes, or meetings.
  4. Smart Select & AI Drawing:  Tap and select anything on the screen to get AI-curated follow-up actions. Transform sketches into AI-generated images, enhancing your creativity.
  5. Vapor Chamber: First in the Z Flip series to feature a vapor chamber. Vapor chambers diffuse heat to prevent smartphones from overheating. The larger the vapor chamber, the more effectively it can dissipate heat and allow devices to maintain stable performance. Samsung managed to include a large vapor chamber in the foldable.
  6. FlexWindow: Galaxy Z Fold6 and Flip6 will provide more opportunities to maximize AI capabilities. Built on the foundation of Samsung’s history of form factor innovation, Galaxy AI uses a powerful, intelligent, and durable foldable experience to accelerate a new era of communication, productivity, and creativity.

Availability

The Galaxy Z Fold6 is available in Silver Shadow, Pink, and Navy, while the Galaxy Z Flip6 is available in Silver Shadow, Yellow, Blue, and Mint. Choose the colour that best suits your style.

For peace of mind, Samsung Care+ will be provided for one year free during the pre-order period, protecting your products with certified care from Samsung experts for accidental damage.

7 Facts About Binance You’d Be Surprised to Know

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Main Takeaways 

  • Just a few months after its launch, Binance has taken the world by storm as the largest cryptocurrency exchange in the world, growing at lightning speed. 
  • When people think of Binance, they think of cryptocurrency trading and transactions, its flagship products, from Binance Earn to Web3 wallet, and perhaps its memorable campaigns and collaborations.
  • However, Binance is much more than all of that. Here are seven interesting facts about Binance that may not be always obvious to the public.
  • Over the past seven years, Binance has grown from a fledgling startup into a global powerhouse, revolutionizing the way we think about finance, trading, and the future of money. Beyond the headlines and market charts, there are stories and facts that define our uniquely Binancian journey and identity. 

Here are short descriptions of seven of them. Whether you’re a seasoned trader, a crypto enthusiast, or just curious about the buzz, these seven facts will give you a fresh perspective on the world’s leading cryptocurrency exchange. 

 1. Zero to Hero in 165 Days

Binance was launched on 14th of July 2017, and within merely 165 days, Binance became the largest cryptocurrency exchange in the world by trading volume.  What has contributed to such explosive growth within a short period of time? 

According to one of Binance’s co-founders, there were a number of internal and external factors that launched Binance to stardom. Yes, timing and luck were among them, yet more important was Binance’s ability to fill some gaping needs in the crypto market of the day, which was a testament to its visionary founders’ user focus, sharp instinct, and judgment. 

At that time, the crypto industry had seen several bull and bear markets already, yet there was barely any cryptocurrency exchange that dedicated itself fully to the user experience. Systems were slow and customer service teams were often not responsive enough. Binance decided to do better. From early on, Binance launched an institutional-grade trading engine and a dedicated customer service team, and offered an innovative suite of cryptocurrency products geared to match users’ most immediate needs. 

During Binance’s first crypto winter, several of its Initial Coin Offering (ICO) projects dropped sharply in prices, and investors asked for the return of their money. The founding team quickly decided to use the company’s treasury to return all investors’ funds and buy back the tokens at market prices, even though it dealt a serious blow to the firm’s treasury. 

This was a commendable move that had never been done by any other crypto exchange before. It showed Binance’s commitment to serve its valued users. This episode became one of the most positive PR narratives in the history of Binance. Along with this positive buzz and the issues that other exchanges faced, users in Asia and elsewhere started migrating to Binance en masse. 

2. From 2 to 200 Million Users in 7 Years

Binance attracted over two million users within its first six months of operation. Today, it serves more than 200 million registered users. This continuous growth is proof that Binance had gotten several things right from the get-go. Since day one, Binance has focused on user-centric approach, offering low fees and high liquidity, supporting a wide range of cryptocurrencies, strong security measures, large-scale marketing campaigns (Binance’s affiliate marketing program awards up to 50% commission fees, referral bonuses and promotion), and proactive community engagement by Binance’s leadership on social media. 

Binance is nimble and adaptive enough to evolve quickly along the ever-changing regulatory landscape of cryptocurrency for the past seven years, as well as continuously innovating with its products and services. 

3. Binance Pay Is the Number One Off-Chain Crypto Payment Service

Binance Pay is a revolutionary payment feature that allows users to send money globally within seconds. With fees starting from zero, Binance Pay is both cost-effective and efficient. This service underscores Binance’s commitment to making financial transactions as seamless and accessible as possible. 

Binance Pay is an off-chain wallet, but it is now among the top crypto payment methods, along with the Bitcoin and Ethereum networks. Since 2021, Binance Pay’s total volume has crossed $120 billion. 

4. SAFU: It Started with Binance

SAFU is an acronym for Secure Asset Fund for Users, the term has become part of the crypto lexicon. Did you know how it came about?In 2018, a creator named Bizonacci uploaded a tongue-in-cheek YouTube music video entitled Funds Are Safu, referencing the ex-Binance CEO, Changpeng Zhao, or CZ’s, now-iconic tweet during unscheduled maintenance at Binance – “Funds are safe” – to come up with the term SAFU.

The video became viral, and “SAFU” caught on, echoed by projects large and small following a security incident or any type of uncertainty. 

To safeguard user funds from security breaches that plagued the cryptocurrency industry at the time, Binance established the Secure Asset Fund for Users (SAFU) in July 2018.

Currently, SAFU holds more than $1 billion in reserve to cover any potential losses in case of a security breach. This initiative not only provides a safety net for users but also instills confidence in the security measures implemented by Binance.

Source: Bizonacci’s video.

5. Binance Is a Key Player in Protecting the Crypto Ecosystem

Perhaps it is not always evident to the public, but Binance is continuously aiding regulators and law enforcement agencies in the fight against crypto-related crime.

Many times, Binance stood at the side of justice in order to bring the greater good to the cryptocurrency ecosystem. Binance regularly collaborates with law enforcement agencies worldwide, processing over 62,000 in 2023 alone. This equates to about 170 requests per day or 7 per hour. Also in 2023, in addition to operational assistance, Binance’s Law Enforcement Training Program delivered over 120 onsite and online training sessions to law enforcers globally. Meanwhile, by the year’s end, the security team recovered about 55 million USD total in user funds after coordinated efforts. Whenever there is any security breach in the cryptocurrency world, Binance would always be ready to lend a helping hand. For example, recently, on June 22 2024, the Turkish crypto exchange BTC Turk was compromised. Binance’s security team acted swiftly and froze over 5.3 million of funds from that attack. 

6. Binance Is Really Fast

In an industry where timely support can make a significant difference, Binance leads the market with one of the fastest customer support response times, clocking in at less than one minute. Today, most user requests are picked up within 1 minute and resolved within the first CS chat, representing a dramatic improvement from waiting for hours in the early days of the industry.

The Customer Service (CS) team is Binance’s largest department, handling a range of responsibilities from immediate user inquiries, training, quality assurance, real-time user feedback analysis to token recovery. The CS department supports 17 languages and covers dozens of business sectors, ensuring global reach.

Binance has developed an advanced AI bot, integrated into the Binance Customer Support Chat, which intelligently provides suggested solutions based on user-provided information. This front-line application of AI significantly expedites issue resolution, resulting in a faster and more efficient response on the first contact. 

If you look at the speed of Binance’s system, it is also quite impressive: the platform handles up to a whopping 2.58 million user queries per second. 

User queries are automated signals sent from user browsers or apps to the Binance platform to perform various actions, such as placing an order, posting on Square, or withdrawing funds. These queries operate behind the scenes and are not visible to users. For instance, when you select the option to sell a certain amount of BTC on your interface, your app sends an automated query to Binance’s servers. 

As user activity on the platform increases, Binance continues to upgrade its systems to ensure smooth and efficient operations. This ability to manage a high volume of queries positions Binance at the forefront of the cryptocurrency industry as it rides the global wave of adoption toward the one-billion users mark.

7. Binance Pioneered Remote-First Culture

Yes, believe it or not, in seven years of existence, Binance has supported tens of trillions in trading volume over group chats and online documents! 

The term “work from home” and “remote-first” became truly popular in the wake of the Covid-19 pandemic, but even before it began, Binance had pioneered a remote-first culture. Binance sees remote working as one of the manifestations of its core value of freedom. 

What is impressive to note is that despite growing from 30 members to over 5 000 of employees spread across the globe, Binance keeps its remote mode of operation intact. Today, Binance has a team of thousands of talented employees that collaborate daily across Europe, the Americas, the Middle East, Africa, and Asia Pacific.

Hence, Binance is one of the biggest companies in the world that successfully practices a fully remote work culture. It has now become a model for any company that wants to follow in these footsteps. 

Open Startup Launches 2nd Cohort of Grow Program to Help African Startups Reach $1M Funding Goals

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Open Startup (OST) launches the new cohort of its renowned Investment Readiness Program, GROW, designed to empower advanced African startups to scale their businesses and secure funding.
Building on the success of last year’s cohort, which accompanied 13 startups selected from over 600 applications, the GROW program continues its mission to support African startups in their growth journey.

GROW is a 12-month investment readiness program tailored for African startups that have raised up to $350K USD and are aiming to reach their first $1M USD. Developed in collaboration with AfricaGrow, Africinvest Group, BPI France, and Go Ventures, the program offers a comprehensive suite of resources and support services to help startups expand into new markets and achieve their growth goals.
Program Benefits:
Business Assessment: Curated workshops and personalized content focused on fundraising.Hands-on Support: One-on-one meetings, world-class coaching, and progress check-ins.Investor Access: Opportunities to connect with a wide network of individual and institutional investors.Regional Exposure: Financial support to participate in international ecosystem events.Talent Fellowship: Financial assistance to hire top talent.Community: Join a vibrant and diverse startup community.Technical Assistance: Expert guidance to optimize IT systems, intellectual property, code quality, and data security.
Eligibility
Seed-stage startup operational for less than 4 years.2-4 co-founders, with at least one African co-founder Operating in or impacting Africa, with a strong team and proven execution capacity.Raised up to $350K and seeking to raise $1M USD.

Apply Now:
Applications are now open. Interested startups can apply via this link by August 31st.Application link: https://www.f6s.com/open-startup-grow-program-2.0/apply

Grindstone & MIC partner to fund four black, woman-owned businesses in SA

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Mineworkers Investment Company (MIC), a 100% black-owned investment holding firm, has partnered with Grindstone accelerator to invest in four, women-led startups in South Africa, a new chapter of GrindstoneX, focused on high-growth, innovation-driven, woman-owned startups.

With a total of sixteen cohorts completed to date, Grindstone continues to expand its impact footprint and is excited about this next cohort in collaboration with MIC.

“We are thrilled with the progress we’ve made and the impact we’ve had on the entrepreneurial landscape to date. The partnership with MIC enables us to continue to drive impact and momentum,” said Catherine Young. “Our focus remains on empowering startups, particularly female-led businesses, to achieve remarkable growth and sustainability.”

With the these new partnership, Grindstone’s third GrindstoneX programme will receive pre-Series A funding from MIC to the successful four woman-owned startups at the end of the programme.

The four tech and tech-enabled companies selected to be part of the programme, will be receiving funding from MIC, along with some deep interventions to grow the business by Grindstone. The structured growth engineering programme will start recruiting South African startups that are 50% or more female-owned at the end of July, with the programme to commence in August 2024. (If you are eligible, apply here.)

For MIC the partnership is an extension to impact investment and extension of early-stage investment vehicle MIC Khulisani Ventures. While the businesses that are being supported fall under the investment threshold for Khulisani, MIC believes this partnership is an opportunity to positively impact female owned businesses that are sometimes overlooked.

“As an active equity partner, MIC is committed to identifying, supporting, and growing, technology-driven, innovative, high-growth businesses owned by Black women in South Africa. Our collaboration with Grindstone X is a step towards levelling the playing field, ensuring that smaller Black female-owned enterprises receive the attention and resources they deserve. It is also an investment in the future, helping narrow the gender investment gap, increase diversity in funding, and, in doing so, contributing to the growth of the South African economy,” said Nchaupe Khaole, Chief Investment Officer of MIC.

Grindstone has been growth engineering early-stage innovative startups since 2013, starting in South Africa and expanding globally. Their experience over the years has witnessed female founders securing less funding than men – and this is supported by empirical evidence. Together with MIC, Grindstone will help women scale their businesses. MIC is an active impact investor with shared values and a strong desire for transformation.

From the first cohort to the sixteenth, Grindstone’s alumni companies have raised over R2.2 billion in funding, and grown revenue by across cohorts by over R532 million.

GrindstoneX has contributed greatly to female-founded business impact over the last two years, and the MIC programme will continue to bolster our efforts to grow female founded businesses equally. GrindstoneX is an initiative specifically focused on female-founded businesses that continues to gain momentum.

Safaricom Approves Ksh 0.65 Dividend Per Share, Totaling Ksh 26.04 Billion for FY 2024

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Safaricom PLC recently held its Annual General Meeting (AGM) virtually, where shareholders approved a final dividend of KES 0.65 per share, amounting to KES26.04 billion for the financial year ended 31 March 2024.

Following an interim dividend of KES 0.55 per share, totaling KES 22.04 billion, that was paid in March 2024, this brings the total dividend payout for the year to KES 1.20 per share, representing a total of KES 48.08 billion.

“In the financial year under review, the business displayed significant resilience in producing outstanding growth in both our top and bottom lines. This enabled us to achieve a major milestone, attaining, in our Kenyan business alone, earnings of more than USD1 billion before tax and interest (EBIT),” said Peter Ndegwa, Safaricom PLC Group CEO.

“Safaricom is the first company in the Eastern Africa region to attain this landmark number,” he added.

The dividend will be payable on or about 31 August 2024 to the Shareholders on the Register of Members as at the close of business on 31 July 2024.

Mr. Adil Khawaja, Chairman of the Board, stated: “I am encouraged by the resilience demonstrated to deliver a very strong set of financial results, which enabled us to pay a similar dividend to last year’s despite the startup losses in Ethiopia. This success is attributable to strong strategy execution which has once again guided our decisions to deliver for our shareholders while giving more value to our customers.”

While the company delivered a strong financial performance, the year was marked by a challenging economic environment in both Kenya and Ethiopia.

High interest rates, inflation, and currency fluctuations impacted disposable income and business operations.

“Despite these headwinds, Safaricom demonstrated its commitment to delivering value for shareholders through strategic investments and strong strategy execution.”

Safaricom Group noted it is well-positioned for continued growth in the short, medium, and long term.

The company stated it anticipates breaking even in Ethiopia by the end of its fourth year of operations.

In Kenya, Safaricom’s new vision and strategy will drive growth as it works towards becoming Africa’s leading technology company by 2030.

Google Announces 8th Cohort of Google for Startups Accelerator Africa

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Google today announced the 8th cohort of its Google for Startups Accelerator Africa program. This year’s cohort features ten innovative startups from Kenya, Nigeria, Rwanda, and South Africa, selected from nearly 1,000 applications, highlighting the remarkable talent and creativity within the African tech ecosystem.  

Startups are the backbone of economic development and technological innovation in Africa. By tackling local challenges with tailored solutions, these startups are not only creating jobs but also improving the quality of life across the continent.

Despite the current “funding winter” in Sub-Saharan Africa, where investment has slowed, African entrepreneurs continue to demonstrate resilience and ingenuity.

Since its launch in 2018, the Google for Startups Accelerator Africa program has supported 106 startups across 17 African countries.

Collectively, these startups have raised over $263 million and created more than 2,800 direct jobs, underscoring the program’s significant impact on the African tech landscape.

This year’s cohort places a strong emphasis on artificial intelligence, reflecting the growing importance of advanced technologies in addressing Africa’s most pressing challenges.

“We are thrilled to welcome the 8th cohort of the Google for Startups Accelerator Africa program,” said Folarin Aiyegbusi, Head of Startups Programs for Google in Africa. “These startups represent the future of African innovation, leveraging technology to solve real-world problems and uplift their communities. We are committed to supporting these founders with the resources and mentorship needed to succeed and scale their solutions.”

From July 29th to September 20th, 2024, these ten startups will participate in a structured program designed to drive their growth.

They will gain direct access to Google’s expertise and seasoned entrepreneurs, participate in technical workshops to refine their products and business strategies, and strengthen their leadership skills.

The program will also prepare them to secure follow-on funding from Google’s global investor network.  

The participation of these startups in the accelerator program marks a significant milestone in their journey to scale their solutions and create a greater impact


Meet the Google for Startups Accelerator Africa: Class 8:


CDIAL AI (Nigeria): Transforming multilingual communication across Africa with the power of artificial and collective intelligence.


Earthbond (Nigeria): Lighting up homes and businesses across Africa with affordable, reliable energy solutions, bolstered by carbon accounting and development finance.
Fixxr (South Africa): Putting car owners and businesses in the driver’s seat with transparent and convenient on-location vehicle maintenance and repair services.
Lifesten Health (Rwanda): Innovating health and wellness through cutting-edge screening and incentive-based programs focused on physical, mental, and nutritional health.
MyAIFactchecker (Nigeria): Equipping users with an AI-powered tool to combat misinformation and promote informed decision-making through fact-checking.
Nakili (Kenya): Bringing salons, barbershops, and spas into the digital age with a mobile-based app for streamlined management and enhanced customer experiences.
NextCounsel (Nigeria): Supercharging lawyer productivity with an AI-powered tool for contract management, solicitor engagement, compliance, and more.
Nobuk Africa (Kenya): Simplifying financial management for groups and collectives across Africa with a seamless platform for collecting funds, reconciling payments, and generating reports.
Rana Energy (Nigeria): Providing clean, reliable energy solutions to SMEs and communities through a data-driven ecosystem.
Triply (Kenya): Building Africa’s travel operating system, connecting travellers with seamless booking experiences and travel businesses with powerful management tools.

How Will the Growing Use of Voice-Activated Devices Affect Marketing Strategies?

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Voice-activated devices and services have improved tenfold over the last few years, with offerings like Apple’s Siri and Amazon’s Alexa transitioning from novelties to household essentials. Businesses need to consider the fact that consumers are now relying on voice activation more than ever, and perhaps adjust their marketing strategies to align with them.

Some of the internet’s top promotion strategies are likely to still thrive, but voice search will add another way to reach potential customers.

Successful Promotions Campaigns Will Still Thrive

Some marketing strategies that have been successful in the online industry are still going to thrive, despite the rise of voice-activated devices. For instance, industries like online bingo have flourished through promotions, and this looks set to continue.

If you look through the numerous Paddy Power Bingo promotions, it’s clear that they act as a huge draw for players. People who join the site for the first time can get a deposit match bonus and free spins for slot games, while there are also daily cash prizes available for returning players. This is currently one of the best techniques to attract players in the online bingo sector, and it’s unlikely to change any time soon.

Even though voice search is on the rise, there will still be a huge section of online consumers who stick to traditional methods. Therefore, current forms of social media marketing and SEO will still exist. However, they are likely to be joined by new techniques to account for users of voice-activated devices.

SEO Strategies Need to be Adapted for Voice Search

According to a piece in WSI Digital Marketing, businesses need to adapt their SEO strategies to keep up with changing search habits. Because voice searches are typically longer than typed queries, businesses need to focus more on longtail keywords that reflect natural language usage. This means that a load of fresh market research will be required, and it would be useful for a company to gather a lot of data on how its target audience speaks.

Another thing to consider in the world of voice searches is to optimize for featured snippets. That’s because voice assistants like Siri will often read out these concise answers that are displayed at the top of search results. Therefore, structuring content to answer common questions clearly and concisely can increase the chances of being featured.

Voice Search Could be Used for Promotional Campaigns

There are many different methods to integrate voice search in promotional campaigns, with Getextra listing ways to do so. These include mobile optimization and harnessing structured data. The technology could lead to a rise in personalized promotions that make recommendations based on user preferences or their past behavior.

There could also be voice-activated adverts, which aim to engage users in a conversation. AI is crucial to this, as the algorithms can assess what the user’s intent is and make recommendations based on this.

The marketing landscape is constantly evolving, and it’s imperative that businesses keep up with emerging trends. Voice-activated services are growing in popularity, so it’s key to start adapting marketing strategies to them now.