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Technology

5G Consumer Market To Reach $31 Trillion By 2030

Indications have emerged that the 5G consumer market will grow to $31 trillion by 2030 especially at the rate e-commerce and other Internet of Things are growing. This was contained in a report from Ericsson ConsumerLab called Harnessing the 5G Consumer Potential. The report estimates that communications service providers (CSPs) could earn $3.7 trillion of that total – a figure that could increase further as new adjacent digital services opportunities arise. The report also says that CSPs could generate up to $131 billion by 2030 from digital service revenues alone, by proactively bundling and marketing 5G use cases. About 40% of these revenue projections are attributed to consumer spending on...

Tech Group Alviva Holdings To Buy Rival Tarsus For US$11.8m

SOUTH AFRICA – Technology group Alviva Holdings has agreed to buy rival Tarsus Technology Group for a maximum consideration of US$11.8 million in cash. It was reported in mid-October that Alviva was in discussions to buy Tarsus, prompting Alviva to file a regulatory notice to shareholders via the Johannesburg Stock Exchange (JSE) confirming that the talks were indeed taking place. Tarsus, previously known as MB Technologies and which was previously listed on the JSE, was founded in the mid-1980s by businessmen Leo Baxter and Mike McGrath, neither of whom are still involved. Alviva CEO Pierre Spies is a former CEO at Tarsus and so understands the business intimately. The sale will provide an exit to shareholders, including banking group Investec. Tarsus Technology Group has two main operating subsidiaries: Tarsus Distribution,...

Quick Base’s Unique Approach To Enterprise Grade Low/No-Code Solutions

Description In a recent Harvard Business Review study, 92% of CIOs say a “dual-track” approach is essential to digital transformation, pairing traditional, IT-led grand-scale transformation with a new form of business-led “rapid cycle innovation”. Yet only 31% of companies are adopting this approach.[1] Using the traditional, IT-led grand-scale transformation IT and business leaders have created a solid tech foundation and are making some progress, but…  Core customizations are too rigid, expensive, and slow, relying on hard-to-find specialty resources. Point solution sprawl creates extra work, hundreds of data islands, and mounting expenses. And more DIY tools, like error-prone spreadsheets and no-code tools, make data invisible to employees who need it...

R26-million Investment Raised For Stellenbosch University Spinout Companies

Innovus, Stellenbosch University’s (SU) technology transfer team, has announced five new spinout companies that launched during the Covid-19 lockdown. The tech transfer team raised an investment of R26-million for SU spinout companies that are currently operating virtually.  The University of Stellenbosch Enterprises announces five new spinout companies created during Covid-19 The five new companies that were established are BioCODE, Phagoflux, Susento, Biotikum, and Immobazyme. These companies are examples of scientific breakthroughs that will become commercially available and provide innovations to society to assist with elements of healthcare.  Five new spinouts launched in lockdown 1.BioCODE™  BioCODE is a two-in-one nanosensor that identifies disease risk in patients at an early stage, for example;...

Nigerian Startups Apply For Startup North East Virtual Incubation Programme

The Startup North-East Virtual Incubation Programme, designed to assist Nigerian entrepreneurs in building their technology-based startup that solves challenges associated with aid distribution and data management in North East Nigeria has opened for applications.  Virtual Incubation Programme applications close 2 December 2020 Taking place over four-months, the entrepreneurship programme aims to rebuild the North East Nigerian region by uplifting tech startups that address the existing gaps in aid distribution and data management.  Successful applicants will be provided with additional support to put their product to market and deploy their applications by government and donor initiatives in the region.  Startup solutions To be considered for the programme, applying startups must focus...

Egypt Logistics Startup ILLA Receives $500 000 In Funding

Egypt-based logistics startup ILLA, has received a reported $500 000 in funding from Averroes VC, AUC Angels, and a group of local and regional strategic angel investors with follow-on funding from Flat6Labs Cairo.  The secured funding will be utilised to expand ILLA’s local market reach and explore its product reach to operate in regional markets.  Delivery logistics marketplace ILLA receives funding to expand the local market In an official press release, Mariam Kamel, Manager at AUC Angels, who invested in ILLA praises the ILLA team, commenting on the current shifts taking place in the logistics technology industry, adding that ILLA has a unique innovation that will grow the market. “The ailing...

Brantu, An Egyptian Fashion E-Commerce Platform Raises Series A Investment

Egypt-based fashion e-commerce platform Brantu has raised a seven-figure Series A round from Sawari Ventures. Launched by Mohamed Rizk and Fredrik Granström last year, Brantu is an online business-to-consumer (B2C) marketplace selling clothing, bags, accessories and footwear. The startup was founded with the mission of connecting local and global fashion brands to Egyptian consumers.  In its first year of operations, Brantu managed to acquire over 20,000 customers. The platform currently has an assortment offered exclusively for women sourced from 70 brands.  "We are changing the Egyptian consumer habit of buying fashion online. Before Brantu fashion, consumers bought through international/cross-border websites, facing the issues of long delivery times and...

African Trade Insurance Agency (ATI) Supports $67m Solar Plant In Malawi

COVID-19 has highlighted the extent of the critical energy gap in Africa, where diversification is needed to ensure more stable and broader energy access; Malawi’s USD67 million Nkhotakota Solar Power Plant, backed by an international consortium, is expected to set a regional standard and considerably reduce the country’s energy deficit; This is the 2nd renewable energy project supported by ATI’s Regional Liquidity Support Facility (RLSF), designed to cover the late-payment risks of publicly owned power utilities. The COVID-19 pandemic has shown the urgency to ramp up energy access and to diversify the existing energy mix in many African countries. In sub-Saharan Africa, electricity access stands at...

SA’s Cyril Ramaphosa Pledges $62bln Infrastructure Investment For The Next 4 Years

 The South African government says it will unlock R1 trillion (about $62 billion) for infrastructure projects over the next four years. The announcement was made yesterday by President Ramaphosa during a conference on the sidelines of the South Africa Infrastructure Project. The planned programs will revive the gloomy economy which is expected to further decline by at least 8% this year. The government sees in this strategy an opportunity to not only give a new face to the country but also generate jobs for the youth and promote local businesses, therefore lower the unemployment rate. Read Also : OAU, CU Produced The Highest Number Of ‘Millionaire’ West African...

South African Agritecth Startup, swiftVEE Secures $1.5-Million In Funding

South African agritecth startup, swiftVEE has secured $1.5-million in an investment round led by Subtropico Ltd, an unlisted public company specialising in Agri investments across the fruit, vegetable, and livestock industries and a private syndicate. swiftVEE has secured $1.5-million in a Series A investment round The funding will be used to expand the agritech’s offering within South Africa and neighbouring countries including Namibia and Botswana. With the new investment, swiftVEE will be included on Zire, South Africa’s first multi-industry agricultural services platform that will provide technology services to industry stakeholders in the livestock, fruit, and vegetable sector. Leveraging off Zire, which is expected to launch in 2021, swiftVEE will be able...

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