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Must-attend Events For The Energy Sector

The Power & Energy Series from Clarion Energy continues to have an extensive presence in Africa over the next year including events in Kenya, Nigeria & South Africa. Following the acquisition of PennWell Corporation last year, Clarion Energy now runs DISTRIBUTECH, Future Energy, HydroVision, POWERGEN & Utility Week events on a worldwide scale. Take a look at the must-attend events for the sector taking place in Africa below. Future Energy East Africa Date: 1-2 September 2020Venue: Nairobi, KenyaEvent: Future Energy East Africa is the largest and longest running regional power conference and exhibition in East Africa, making it a well-known and trusted brand. With an expected audience of more than 1,800 power and T&D professionals from...

Mozilla, via its incubator, wants to invest up to $75k in African early-stage startups

US-based Internet company, Mozilla, known for its Firefox browser, is also known for its mantra of placing people and their privacy over profit. In March, the company, via its Spring MVP Lab, began soliciting for ideas on how to “fix the internet”. As a result, up to 1,500 people submitted 520 projects, 25 of which were selected to be part of the 8-week-long programme which started in April. With the Spring MVP Lab winding down, Mozilla is taking things up a notch. Related Articles: After Years In Search Of Funding, South Africa’s Ed-tech Startup Syafunda Raises $140k Funding To Scale This time, it’s launching a full-fledged online incubator, Mozilla Builders Incubator,...

Downtown Acquires Sheer Music Publishing, Africa’s Largest Independent Publisher

Sheer Music Publishing Joins Downtown’s Portfolio Of Global Music Businesses To Bring Enhanced Services to African Creators And Expands Downtown’s Global Footprint To Sub-Saharan Africa Global music company Downtown Music Holdings (Downtown), announced today that it has acquired South Africa-based Sheer Music Publishing (Sheer). Building on a long-standing relationship between Sheer and Downtown’s eponymous music publishing division, this acquisition formally expands the company’s geographic footprint to the African continent, while also providing the African music industry greater access to artist and label services available through Downtown. Sheer, the largest independent music publisher in Africa and a longstanding advocate for creators’ rights across Africa, will continue to function...

Africa Data Science Intensive (DSI) Program 2020 for African Students (Fully-funded)

Application Deadline: 31st May 2020. Note due to the impact of Covid-19, this year's program will still be divided into 4-modules but the first 3 will be done online and the final module will be a 2-week workshop hosted in Cape Town in January 2021. You will only be eligible to attend the final workshop upon completion of the first 3 modules. About the Award: Big Data, data science, machine learning and artificial intelligence are driving a revolution around the world as companies rush to take advantage of their data and turn it into a competitive advantage. However there is a shortage of skilled data scientists and managers worldwide...

Development Partners International invests $56mln in Sicam

Development Partners International (DPI), through its third fund, made a $56 million investment in Société industrielle des conserves alimentaires (Sicam). The transaction represents the second commitment of African Development Partners III (ADP III) and the first in the Tunisian agribusiness sector. Created in 1969, Sicam, which is wholly controlled by the Tunisian conglomerate Groupe Bayahi, is the leader in the Tunisian tomato market. The private equity fund manager DPI is joining forces with the Bayahi Group to strengthen its position on the Tunisian market and steer its international expansion strategy. Related Articles: After Years In Search Of Funding, South Africa’s Ed-tech Startup Syafunda Raises $140k Funding To Scale “Tunisia...

Latest Report shows African regulators are holding back growth of cryptocurrency on continent

While the rapid adoption of cryptocurrencies may be likely in Africa — given the continent’s high inflation rates, volatile currencies and underdeveloped banking — regulators are holding back its growth, a new report has found. The State of Crypto: Africa report, released last week by SA founded cryptocurrency platform Luno in conjunction with Norwegian research organisation Arcane Research, reveals that the legality of Bitcoin and other crypto assets varies significantly across the region, with over 60% of African governments yet to clarify their position. “While some nations maintain a positive stance, multiple counties have issued complete or partial bans. For whatever reason, North African countries have taken the most hostile...

Daily Digest Monday, 25 May 2020

Call For Applications [APPLY] For Digital Francophone African Startups And SMES With the explosion of the COVID-19 epidemic and the resulting global economic crisis, particularly affecting startups and SMEs on the African continent, the GreenTec Capital Africa Foundation and the French Development Agency are strengthening their mission to support the local ecosystem and encourage startups to respond to this call for applications. Read more Funding In Southern Africa After Years In Search Of Funding, South Africa’s Ed-tech Startup Syafunda Raises $140k Funding To Scale At a time when the coronavirus virus pandemic has disrupted school systems across Africa, South African ed-tech startup Syafunda has raised ZAR2.5 million (US$140,000) in new funding...

After Years In Search Of Funding, South Africa’s Ed-tech Startup Syafunda Raises $140k Funding To Scale

At a time when the coronavirus virus pandemic has disrupted school systems across Africa, South African ed-tech startup Syafunda has raised ZAR2.5 million (US$140,000) in new funding to enable it scale and respond faster to increasing demand.  Here Is What You Need To Know The funding came from the South Africa-based fund manager Edge Growth.Armed with the new fund, Syafunda looks to meet the increasing demand it has witnessed as a result of the COVID-19 pandemic.  Why The Investor Invested Launched in 2017 and with offices in Johannesburg and Cape Town, Edge Growth efficiently channels funds into high-potential SMEs to support growth and ensure sustainability. The company’s dealmaker Vuyiswa Nzimande said the...

How Waste Is Turning To Wealth Across Africa

The objective of turning Africa’s huge waste into value has been the driving force behind the establishment of what is fast becoming the continent’s most expansive waste recycling firm called Recyclan. The company is focusing on a dual pronged business ideology of creating an environmental sustainable society while creating wealth at the same time. Launchedin 2018 by Chime Okwuokenye, Rob Homan and Molawa Adesuyi, Recyclan is on a mission to reduce Africa’s carbon footprint and make the world greener by recycling plastic waste. The startup is reducing plastic waste on beaches, landfills and in the ocean by driving collection through technology. Its mobile app and SMS service incentive people...

ASOdesk Raises $1M in Funding

ASOdesk, a Moscow, Russia-based company that is focused on helping app developers make their mobile apps more discoverable in both the iOS and Android app stores, raised $1M in funding. Embria made the investment. The company intends to use the money for active product growth in 2020, team growth, as well as for expansion to Europe while retaining its leading market position in the CIS market. Founded in 2016 by the students of the Moscow Institute of Physics and Technology as their thesis project and led by CEO Sergey Sharov, ASOdesk provides tools for App Store Optimization (ASO), competitor Insights, app monitoring, and store analytics. It is used...

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