Day: August 12, 2024

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Seven South African Startups Selected for Irish Tech Challenge

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Seven South African Startups Selected for Irish Tech Challenge

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Seven promising South African tech startups have been chosen to participate in the third Irish Tech Challenge South Africa.
 

The initiative aims to foster collaboration between South African entrepreneurs and Irish tech experts.

Over 350 tech startups applied for this year’s challenge, with the selected companies focusing on innovative solutions aligned with the United Nations’ Sustainable Development Goals (SDGs).

The winners will receive comprehensive support, including €10,000 in funding, a sponsored trip to Ireland for networking opportunities, and mentorship from industry leaders.

The participating startups are SmartView Technology, Momint, The Awareness Company, Athena, Adbot, Samanjalo, and Credipple.

Their solutions range from utility management and renewable energy to healthcare, advertising, and talent marketplaces.

“This initiative highlights the strong partnership between Ireland and South Africa in technology and innovation,” said Ambassador Austin Gormley.

“We are excited to support these entrepreneurs as they embark on their journey to create positive impact.”

The startups will undergo a rigorous pre-acceleration program before traveling to Ireland to connect with the country’s thriving tech ecosystem.

The Irish Tech Challenge is a joint venture between the Embassy of Ireland in South Africa, Wits University’s Tshimologong Digital Innovation Precinct, the Department of Science and Innovation, the Technology Innovation Agency, and Dogpatch Labs Ireland.

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South African Startup NeoNomad Launches Africa’s First Hybrid Exchange Platform

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South African Startup NeoNomad Launches Africa's First Hybrid Exchange Platform

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South African fintech startup, NeoNomad, has introduced Africa’s inaugural hybrid exchange platform, a groundbreaking web application designed to revolutionize financial services across the continent.
 

This innovative platform aims to tackle the challenges of financial exclusion, exorbitant transaction fees, and limited banking access prevalent in many African countries.

At the core of the NeoNomad platform is ZARcoin (ZARC), a stablecoin pegged to the South African Rand.

By seamlessly integrating cryptocurrency and traditional currency, ZARC facilitates swift and secure digital transactions both domestically and internationally.

The platform also ensures transparency and accountability through rigorous adherence to anti-money laundering, counter-financing of terrorism, know-your-customer, and privacy regulations.

“Our goal is to empower individuals to make informed financial decisions,” said Hanres Beukes, CEO of NeoNomad. “By creating a robust financial ecosystem, we aim to overcome barriers like infrastructure limitations and enable greater financial participation.”

Leveraging Solana Pay technology, the NeoNomad app offers instant, low-cost transactions through a decentralized e-banking system.

Users can effortlessly make cryptocurrency payments at physical stores by scanning QR codes, thanks to seamless integration with existing point-of-sale systems.

NeoNomad’s hybrid exchange platform represents a significant step forward in financial inclusion for Africa, promising to transform people’s interactions with money.

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AfriLabs Joins Forces with ITU to Boost African Tech

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AfriLabs Joins Forces with ITU to Boost African Tech

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AfriLabs, a pan-African network of technology innovation hubs, has secured a significant milestone in its mission to foster innovation on the continent.
 
The organization has been officially admitted as a member of the International Telecommunication Union Development (ITU-D) Sector.

The announcement was made during the ITU Council’s 2024 session held in June.
 
As a specialized UN agency focused on information and communication technologies, the ITU-D is dedicated to promoting equitable access to these tools worldwide.

AfriLabs’ inclusion in the ITU-D is expected to accelerate digital transformation and sustainable development across Africa.
 
The partnership will provide the organization with a global platform to contribute to shaping policies and initiatives that support innovation and entrepreneurship in the region.

“We are excited to join the ITU as an ITU-D Sector Member,” said Anna Ekeledo, Executive Director of AfriLabs.
 
“This partnership validates our work in fostering innovation and technology growth in Africa, and we look forward to collaborating on a global scale.”

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