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[APPLY] FOR ITU INNOVATION CHALLENGES 2020

The International Telecommunication Union (ITU) has launched applications for the 2020 Innovation Challenges. The ITU Innovation challenges bring together policy-makers, ecosystem builders, innovators, and resource partners to co-create ideas and projects that nurture an inclusive digital world. 1.) The Digital Change-maker Challenge covers a wide range of topics from cybersecurity and regulation, to digital inclusion and climate change, and calls for participants to provide innovative solutions to real-life problems faced by stakeholders in their communities, especially considering value chain competitiveness and global disruption due to COVID-19. 2.) The Ecosystem Best Practice Challenge looks for ecosystem builders to identify best practices that allow innovators to develop sustainable and resilient...

Azur Partners Launches A $35m Innovation Fund To Invest In Morroccan Startups

Azur Innovation Management, a subsidiary of Azur Partners has launched a $35 million Innovation Fund to invest in Moroccan startups. The public-private fund targets Moroccan companies with less than 18 months of activity, “having a proven innovative product / service concept with successful marketing” The facts The Azur Innovation Fund initially endowed with $20 million with contributions from Central Guarantee Fund (CCG), its first investor, AfDB, CIH Bank, Bank Of Africa and MASEN, was raised to $35 million as a result of the Development Fund of the Dutch Government (DFDG), the German development bank KFW and Saham Assurances joining during the first closing of the fund on March 11th,...

Get Funded Africa’s South, East, West Event List

The GFA team compiled a list of must attend events happening between September- November. The majority of these events are for individuals in connectivity infrastructure, disruptive technologies, digital services or ICT strategy, these events are the BEST events to network, learn and get deals done. Check out the list below and book your tickets. THE PREMIER STRATEGIC EVENT FOR TELECOMS, MEDIA, BROADCASTING AND TECHNOLOGY LEADERS Date: 14 - 15 September 2020 Venue: Radisson Blu, Nairobi Upper Hill,Kenya About East Africa Com East Africa Com, the regions leading telco and digital transformation event, brings together experts and industry stakeholders from across telecommunications, technology and digital media in a premium two-day...

Nigeria’s Helium Health raises $10m in Series-A round [Update]

Nigerian healthtech Helium Health has raised $10-million in a Series-A funding round co-led by UAE-based investor Global Ventures and Singapore and Nairobi headquartered Africa Healthcare Masterfund (AAIC). The startup made the announcement in a blog post on Friday. Tencent, Ohara Pharmaceutical Co, HOF Capital, Y Combinator, VentureSouq, Chrysalis Capital, Kairos Angels and Flying Doctors Healthcare Investment Company also participated in the round. The startup, which was founded in 2016 by Dimeji Sofowora, Tito Ovia and Adegoke Olubusi (pictured above, from left to right), runs an online platform that helps hospitals and clinics to manage their electronic medical records. The healthtech said using  the new investment it plans to expand its footprint and grow its current customer...

COVID19: THE MIND OF THE CEO, WHAT EMPLOYEES NEED TO KNOW…

Due to the global pandemic COVID-19, the world as we know it is evolving rapidly and so are People as consumers of products and services. As consumers, we get forced into aligning our behavioural pattern to adjust to the demands of and survive the COVID-19 Pandemic, ultimately resulting in a “new normal” … a new way of being. In this new world, we prioritize, and our emphasis shifts from purchase of non-essential goods and services, to focusing on methods of obtaining essentials, which have become more efficient with limited or no physical interaction, where possible. Organizations must assess these changes in consumer behaviour critically to understand...

Pakistani fintech SadaPay gets in-principle approval from country’s central bank to launch mobile wallet

Islamabad-based fintech SadaPay has been granted the in-principle approval by the State Bank Of Pakistan for an Electronic Money Institution (EMI) license. Founded by American entrepreneur Brandon Timinsky who started working on the idea of shortly after moving to Pakistan in 2018, SadaPay, according to the details available on SBP’s website (PDF), will offer a digital wallet to individuals (consumers), merchants, and freelancers. Next article: Palestine’s Tawazon raises six-figure seed for its Calm-like meditation app for the Arab world Among the other companies listed on the website that have received in-principle or pilot phase approvals within the last six months, SadaPay is the only one with an offering for freelancers too. According to...

Palestine’s Tawazon raises six-figure seed for its Calm-like meditation app for the Arab world

Palestine-based wellness startup Tawazon has raised seed funding from Ibtikar Fund, the Palestinian VC announced in a statement on 29 April 2020. Founded in 2018 by Suna Zoabi-Othman, Tawazon (which means balance in Arabic), is a Calm-like Arabic meditation app that offers what it calls ‘scientifically proven’ and guided meditations of different durations for different audiences. The sessions available on the app are in Arabic, which is what makes it different from Calm, the American meditation app that became a unicorn last year. Other articles: Why The IFC Is Staking Big On Kenya’s Ailing Retail Sector Tawazon claims that the native language plays an important role in effectiveness of meditation and that is...

Tanzania’s East Africa Fruits nets over $2m in equity round led by Goodwell Investments

Tanzanian social enterprise East Africa Fruits has closed a $2.05-million Series-A round. It raised a further $950 000 in debt funding. The round was led by Dutch impact investment firm Goodwell Investments with participation from US based impact investor Finca Ventures and Swiss headquartered foundation Elea. Founded by Elia Timotheo in 2013, East Africa Fruits, helps farmers to sell to informal markets. The business uses a web-based system to record and process client orders. Other articles: African Food Prize for Innovation in Agriculture - $100,000 In an announcement on Wednesday (6 May), Goodwell Investments said the funding will help the business to build essential supply-chain infrastructure. East Africa Fruits uses a web-based system to record and process client orders They...

African governments have worked to increase the number of young entrepreneurs in Africa, here is how…

The over-dependence of African youths on formal employment has become quite alarming, given the declining job opportunity in the formal sector. Thus, meeting Sustainable Development Goal (SDGs) 8 on creating sustainable employment for young people and promoting youth entrepreneurship have become top policy issues in many African countries. In the light of recent global economic crisis, African leaders have charted a direction to minimise this employment dependency on the formal sector, leading to a mounting political commitment to support young innovators across Africa in Tech, Manufacturing, Agriculture, Health, etc. These commitments are reflected in several initiatives such as the African Youth Charter (AYC) and Youth Decade Plan of...

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