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Tanzania, Uganda Sign Deal On $3.5bn Crude Oil Pipeline

https://www.la-feuille-de-chene.fr/524-dtf47499-chat-vidéo-gay.html TANZANIA – Tanzania and Uganda have signed an agreement to commence construction on a 1,445-kilometre crude oil pipeline running from Ugandan oilfields to the Tanzanian port of Tanga, a Tanzanian government spokesman said. The project focuses on oilfields in landlocked Uganda discovered in 2006 near Lake Albert and proposes pumping the crude to the coast via a pipeline across Tanzania. The pipeline is estimated to cost of $3.5 billion. Read also; Senegal’s First Major Gas Pipeline Gets US Government’s Funding According to Mr. Hassan Abassi, the Tanzanian government spokesman, 80% of the pipeline will run through Tanzania. The multi-national plan is led by French petroleum giant Total in partnership with China...

Why Ripple might be the future of digital payments

Ripple, the world’s fast-growing crypto payment powerhouse, works with bank regulators and policymakers in several governments for the adoption of digital payments. CryptoWhale, a crypto analytic firm, in a series of tweets, recently spoke on the odds of giving XRP the edge, as it works with government regulators on compliance. Read also; Your Startup Is a Movement The tweet reads, “Many criticize XRP for being ‘too centralized’, although this transparency is what government like,” “While other projects are focused on getting a quick batch of new investors to exit scam, Ripple has quietly been working with government agencies to ensure compliance.” At the time of this report, XRP traded at $0.241, with a daily trading...

Daily Digest Tuesday, 15 September 2020

Funding In South Africa Grant worth $25 000 launches for young SA filmmakers Founded by Nigerian born, L.A based serial entrepreneur Chinecherem Ez, the platform offers over 400 pieces of content including world-class originals, blockbuster films, series, documentaries, and much more. Read more Funding In East Africa Tanzania, Uganda Sign Deal On $3.5bn Crude Oil Pipeline The project focuses on oilfields in landlocked Uganda discovered in 2006 near Lake Albert and proposes pumping the crude to the coast via a pipeline across Tanzania. Read more Funding In North Africa Egyptian Startup Rology Secures $860,000 For Its Platform According to HIMangel’s Chairman Khaled Ismail, they had spotted Rology about two years ago as a...

Bonfire Ventures Ignites $100M Fund II (Exclusive)

Bonfire Ventures, the Santa Monica seed-stage venture fund that has carved a niche focusing exclusively on unsexy but potentially lucrative business-to-business (B2B) software, has closed its second fund with $100 million in dry powder, up from the $63 million fund it closed in 2017. Adopting an "if ain't broke, don't fix it" ethos, little will change with the latest fund, except initial check sizes will be larger, though not dramatically so, averaging $1.75 million versus $1.25 million for Bonfire I. 60% will be set aside for follow-up investment. "What we're doing is working well and we want to do more of it," said Bonfire co-founder and managing director Jim Andelman. "We're...

Report Indicates 70% Of Nigerian Startups Face Funding Challenges

A white paper, titled “Protecting Nigeria’s Entrepreneurial Future” has revealed that 70% of Nigerian startups and scaleups are facing funding challenges due to the impact of the Covid-19 pandemic.  The white paper has been published by Endeavor, a global high-impact entrepreneurship network in collaboration with Stears Data, a leading Nigerian data collection company.  Eloho Omame, Managing Director and CEO of Endeavor in Nigeria comments on the launch of the white paper.  “At Endeavor, we believe firmly that the innovation ecosystem — the transformational startups and scaleups, and their founders, who are building sustainable growth models in Nigeria — are fundamental to economic growth and the fabric of our future economy. This white...

The Trump Administration Is Investing In African E-commerce Startups Focused On Rural Areas

African e-commerce is getting a boost from an unlikely source. The United States’ International Development Finance Corporation (DFC) has backed two fledgling e-commerce startups operating in East Africa as part of its latest quarterly $3.6 billion investment spend. The DFC confirmed a $5 million equity investment in Copia Global, a Kenya-based e-commerce and logistics startup that focuses on under-served consumers in rural areas. The quarterly spend—the corporation’s largest ever, also included a $1 million equity investment in Kasha, a women-focused e-commerce player operating in Kenya and Uganda. While notable e-commerce companies like Jumia and South Africa’s TakeALot, have raised hundreds of millions of dollars on the promise...

Binance Offers DeFi Coders $100,000; DeFi Market Value Hits $8 Billion

Binance, the world’s largest crypto exchange by market volume, is offering a big financial reward to crypto coders. The crypto powerhouse recently started a $100 million seed fund to attract more decentralized finance (DeFi) coders to its smart contract-enabled Binance Smart Chain. Read also; SMEGO Launches Platform To Enable Small Businesses Raise Funds In South Africa Each proposal will go through security audits and due diligence. Approved DeFi projects can get up to $100,000 in funding, while their tokens will benefit from the liquidity available through Binance’s proprietary blockchain. The Malta-based firm says high-quality projects may also be listed on Binance. DeFi Pulse, which tracks the value of the DeFi...

Daily Digest Monday, 14 September 2020

Funding In West Africa Report Indicates 70% Of Nigerian Startups Face Funding Challenges The white paper has been published by Endeavor, a global high-impact entrepreneurship network in collaboration with Stears Data, a leading Nigerian data collection company. Read more Funding In Africa The Trump Administration Is Investing In African E-commerce Startups Focused On Rural Areas While notable e-commerce companies like Jumia and South Africa’s TakeALot, have raised hundreds of millions of dollars on the promise of dominating urban centers and middle-class customers in Africa’s largest cities, DFC appears to be targeting startups with a more linear focus. Read more Latest News Binance Offers DeFi Coders $100,000; DeFi Market Value Hits $8 Billion Each proposal will go...

Daily Digest Friday, 11 September 2020

Funding In West Africa Nigeria’s Lekoil Raises $100m For Ogo Oilfield Drilling The Chief Executive of Lekoil Lekan Akinyanmi said the company was able to finance much of the Ogo preparation work with cash from its producing field, Otakikpo, and will drill once it raises the money. Read more Funding In South Africa Local proptech company HouseMe secures funding Ben Shaw, Chief Executive Officer of HouseME, says that the company is well-positioned to capitalise on the surge of interest in online platforms, especially in the long-term letting sector which had been lagging.  Read more Funding In Africa Ghana’s Africa Foresight Group Plots Expansion To 3 New Markets Post-Funding Founded in 2016, AFG allows leading companies,...

Creative Zone And Dubai Business Women Council Launch ‘She Leads’ To Empower Women Entrepreneurs

Recognising that the SME sector represents 40% of the total GDP in the UAE, Creative Zone and the Dubai Business Women Council have entered into a partnership agreement with the aim of empowering 100 women entrepreneurs to launch their business successfully. The ten-week program will train, support, and nurture 100 of the UAE's brightest women entrepreneurs. Women above the age of 21, residing in the country with an existing business or a concrete business plan are eligible to apply for coaching, networking, and learning opportunities. Additionally, the two most promising applicants will be entitled to receive free business solutions such as trade license, tax, and legal services, co-working...

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