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AUC Ventures Lab teams with ITIDA for the Startup Launchpad programme in Egypt

and AUC Venture Lab have partnered on a collaboration with the Startup Launchpad programme to offer Egyptian tech entrepreneurs extensive training, and networking opportunities for skills development. Only then can they develop solid business ideas that increase their chances of survival. AUC Ventures Lab is a member of the Babson Collaborative for entrepreneurship education. This eight-week programme will inspire Egypt's entrepreneurship ecosystem. Passionate in

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SA 4IR startup LayUp creates unique payment solution

Cape Town-based startup, LayUp has created an innovative solution to the traditional lay-by payment system for consumers, decreasing the rate of debt and allowing low-income individuals to purchase goods and services without opting for a credit-based purchase. The developed service allows consumers to deposit money towards goods or services and once it has been paid off, the consumers are provided with access to said item or service. Tackling the old age lay-by system t

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Absa supports SA tech entrepreneur initiative

Absa Group has announced that it will support phase two of the 1 000 Tech Entrepreneurs Programme , an initiative dedicated to providing South African entrepreneurs with the opportunity to create innovative tech-based businesses. Led by Silicon Durbs, a technology ecosystem that aims to transform the culture of technology through innovation, Absa Group will provide partial funding to the innovative programme. Lindani Mkhize, founder of Silicon Durbs and the campaign lea

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Cape Town committed to empowering entrepreneurs with disabilities

The City of Cape Town has announced its commitment to supporting programmes and initiatives that support the growth of businesses owned by entrepreneurs with disabilities. With November being national disabilities month, the COCT hosted a Disability Entrepreneurship Seminar with the focal theme as 'Promoting, Encouraging, Supporting Entrepreneurs with Disability' on 20 November 2020. The seminar was hosted in collaboration with the national department of Women, Youth and

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Broadening Service to Southeast Nigeria, Plentywaka Work With Innoson

Plentywaka, the first bus-hailing application in Nigeria, will be working together with Innoson Vehicle Manufacturing. The collaboration is created as part of broadening plans to Southeast Nigeria to fill up the Plentywaka collection with some new vehicles since they have to work on developing the bus trip in Nigeria. Although Plentywaka and Innoson have the same purpose to increase the growth of the saver and comfortable transportation for Nigerians, this project is their first coll

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Tugende Closes USD 6.3M Toyota Tsusho-backed Series A Investment Round

Running in Uganda and Kenya, Tugende, as a mobile-based asset finance company, declared the completion of investment led by Toyota Tsusho Mobility 54. The total amount of funds investing in this Series A investment is USD 6,3M. Mobility 54 is not the only participant in this series, there are U.S.-based Global Partnerships' Social Venture Fund, current shareholders including Denali Venture Philanthropy and Segal Family Foundation, and new angel investors. Tugende was launched in 201

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The young Minister of MBSSE in Sierra Leone

The Directorate of Science, Technology, and Innovation (DSTI) announces that Chief Innovation Officer Dr. Moinina David Sengeh has been appointed by H.E. President Julius Maada Bio to lead the Ministry of Basic and Senior Secondary Education (MBSSE). Dr. Sengeh will serve as Chief Innovation Officer and Minister of MBSSE concurrently. DSTI remains ever committed to its mission to use science, and technology to support the effective and efficient delivery of Sierra Leone

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Covid-19: 3 African countries in the top 32 most innovative

The Coronavirus Innovation Map is a visual global directory of more than a thousand projects aimed at helping people cope and adapt to life during the crisis. The map was created with the intention of helping innovators to cooperate and build solutions faster. Projects are presented in different categories, such as potential vaccines, prevention innovations, diagnostics, treatments, grants, and lifestyle adaptation. A special section on the map features Champion projects that have

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First Personal Finance app for Africa's mass market

Dar es Salaam, 30th June 2020 - Leading finance start-up, Mipango Fintech has today launched a new app that will provide free financial advice to Tanzanians on IOS and Android mobile devices. The app - Mipango , an AI (Artificial Intelligence) finance enabled app will support Tanzanians to better manage their expenses, provide an opportunity to set up budgets, view, analyze expenses and track personal finances. The app which operates in the local Swahili language aims to emp

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Forbes8 announces Nigeria's First Resilience Digital Startup Accelerator program

Forbes8 announces Nigeria's First Resilience Digital Startup Accelerator program. The free virtual accelerator will welcome 100 top companies from Nigeria. Founders selected for the program will undergo 4 intensive weeks of digital training to help build and scale their companies for the future. Applications are now open and close on May 26th. Apply Now Forbes Magazine is an iconic brand that has graced our business culture for over a century (since 1917). Forbes recently launched Forbes8

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SA fintech Ukheshe acquires SA startup Oltio

Ukheshe , Africas leading digital fintech platform provider has announced its acquisition of Oltio , a South African startup that has launched several mobile payments and banking solutions, including the digital payments platform that assists Masterpass, Mastercards QR payment service in SA. The collaboration strengthens Ukheshes partnership with Mastercard, expanding on its participation in the Mastercard Accelerate Programme that includes Start Path and Fintech Express . <br

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Three crowdfunding platforms for African tech startups

With the global pandemic impacting African SMEs and startup's financial revenue, Ventureburn has highlighted three crowdfunding platforms that aim to assist African startups. Crowdfunding is a method of raising money for businesses, people, projects, or charities through collective donations. According to Investopedia, crowdfunding can be understood as the use of small amounts of capital from a large number of individuals to finance a new business venture. Individuals o

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