Tag: Digital Transformation

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Oyin Solebo 

Oyin Solebo

Oyin is one of the remarkable figures making significant contributions to the tech and startup ecosystem in Africa.

As a seasoned investor, speaker, and Managing Director of ARM Labs Lagos Techstars Accelerator, she has played a pivotal role in nurturing innovation and empowering startups to thrive in the dynamic business landscape. Oyin’s journey in the world of technology and investment began with a passion for exploring new ideas and a relentless drive to make a difference.

Her foray into the world of investment was marked by her association with Techstars, a renowned global accelerator that provides mentorship, funding, and resources to startups. As the Managing Director at Techstars, Oyin took charge of the ARM Labs Lagos Techstars Accelerator, an accelerator program focused on supporting startups in Lagos, Nigeria.

In this role, she is the driving force behind the growth of numerous startups, providing them with the essential guidance and mentorship needed to navigate the challenges of entrepreneurship successfully.

 

Her expertise in investment and her keen eye for potential have helped many startups gain traction, secure funding, and scale their businesses. Oyin’s work extends beyond her role at Techstars.

 

She has become a prominent figure on the African tech scene, regularly participating as a speaker at various tech and entrepreneurship summits.

 

Through these speaking engagements, Oyin shares her insights, experiences, and industry knowledge with aspiring entrepreneurs, inspiring them to pursue their dreams and make a positive impact on the continent’s tech ecosystem.

 

Additionally, she actively advocates for diversity and inclusion within the tech industry, encouraging more women and underrepresented groups to pursue careers in entrepreneurship and investment.

 

By breaking barriers and challenging stereotypes, Oyin aims to create a more inclusive and equitable tech ecosystem where talent and ideas are valued above all else.

 
 

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Dr. Davis Musinguzi

Dr Davis Musinguzi

Dr Davis Musinguzi is a medical doctor and digital health entrepreneur who is making a significant impact on the healthcare landscape in Africa.

He is the co-founder and CEO of Rocket Health:  *280*6# For Cashless Healthcare, a digital health company that provides telemedicine, pharmacy delivery, and lab testing services in Uganda. He is also the managing director of The Medical Concierge Group, a digital health company that provides healthcare enterprise software and connected medical devices.

Dr Musinguzi has a Bachelor of Medicine and Surgery from Makerere University, an MSc in ICT from the University of Cape Town, and an MBA in Healthcare Management from the University of Oxford. He is a recipient of the Google Founders’ Award, the Microsoft Imagine Cup Award, and the Ericsson Innovation Award.

He is also a TEDx speaker and a member of the East Africa Healthcare Federation. Dr Musinguzi is a passionate advocate for using technology to improve access to healthcare in Africa and believes that digital health can help bring quality healthcare to people in rural areas.

His work has had a significant impact on the lives of people in Uganda and across Africa.

Rocket Health has provided access to healthcare to millions of people who would otherwise have been unable to afford it.

 

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Kenyan Agtech Startup Farmworks Raises $4 Million in Pre-Series A Funding to Revolutionize Agriculture Technology

New Investments

Kenyan agtech FarmWorks secures $4 million in pre-Series A funding to revolutionize agriculture technology

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Kenyan agtech startup Farmworks has secured $4 million in pre-Series A funding to fuel its mission to transform agricultural practices in Kenya and beyond.

The investment will allow Farmworks to enhance its technology platform further and expand its reach, empowering farmers and revolutionizing the agriculture sector.

The funding round was led by Acumen Resilient Agriculture Fund, an existing investor. Livelihood Impact Fund, Vested World, several family offices, and angel investors also participated in the round.

Founded in 2018, Farmworks has gained recognition for its cutting-edge technological solutions to boost agricultural productivity and efficiency.

The platform leverages data analytics, artificial intelligence, and Internet of Things (IoT) sensors to provide farmers with valuable insights into crop management, weather forecasting, and pest control.

With a user-friendly mobile application, Farmworks enables smallholder farmers to access personalized recommendations and timely information on crop care, disease prevention, and optimal harvesting periods.

Agriculture is a vital sector in Kenya, employing a significant portion of the country’s population and contributing substantially to its economy.

However, farmers often face challenges such as unpredictable weather patterns, limited access to resources and information, and fluctuating market prices.

Farmworks aims to bridge these gaps by providing farmers with actionable insights to make informed decisions and improve their overall productivity.

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“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.

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Nigerian health-tech startup Clafiya raises $610,000 to reimagine healthcare service delivery in Africa

New Investments

Nigerian healthtech Clafiya raises $610,000 in funding to reimagine healthcare delivery in Africa

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Clafiya, a Nigerian health-tech startup, has secured $610,000 in a pre-seed funding round to further its mission of transforming healthcare access and services across Africa.

The funding round attracted participation from Norrsken Accelerator, Acquired Wisdom Fund (AWF), Hustle Fund, Voltron Capital, Microtraction, Ajim Capital, HoaQ, Bold Angel Fund, Shivdasani Family and other angel investors.

Launched in 2021, Clafiya aims to bridge the gap between patients and healthcare providers through its innovative platform.

The startup is on a mission to enhance healthcare accessibility and affordability in Africa through its comprehensive digital platform that aims to streamline communication and services between healthcare providers, patients, and other stakeholders in the healthcare ecosystem.

The platform offers features such as telemedicine consultations, online appointment scheduling, medical records management, and medication delivery services.

By leveraging technology, Clafiya aims to make healthcare services more convenient and efficient, especially for patients in remote or underserved areas.

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“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.

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Egyptian fintech startup Money Fellows secures $4 million from Arzan Venture Capital

New Investments

Egyptian fintech startup Money Fellows secures $4 million from Arzan Venture Capital

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Arzan Venture Capital, a leading venture capital firm, has announced a significant investment of $4 million in Egyptian fintech startup, Money Fellows.

The strategic funding is set to accelerate Money Fellows’ mission of transforming traditional savings and credit associations through its innovative tech-driven platform.

Money Fellows has been gaining widespread recognition for its groundbreaking approach to ROSCAs, traditional rotating savings and credit associations that have been a cornerstone of financial solidarity for generations.

By harnessing the power of technology, Money Fellows has reimagined this centuries-old practice, providing users with a modern, efficient, and inclusive digital platform to participate in these financial circles.

Arzan Capital’s decision to invest $4 million in Money Fellows underscores the startup’s potential and its immense promise for revolutionizing Egypt’s fintech landscape.

One of Money Fellows’ primary objectives is to foster financial inclusion across Egypt by offering accessible financial services to individuals underserved by traditional banking institutions.

The platform enables members to pool their financial resources, creating a cycle of contributions and payouts, eliminating the need for high-interest loans or credit cards.

With Arzan Capital’s investment, Money Fellows plans to accelerate the platform’s expansion, reaching out to a broader audience in both urban centers and rural areas.

This will empower more Egyptians to take control of their finances, build creditworthiness, and achieve their financial goals, ultimately contributing to the country’s overall economic development.

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“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.

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MyCover.ai, a Nigerian startup specializing in insurance technology solutions, has secured $1.25 million to disrupt the traditional insurance industry in Africa

New Investments

MyCover.ai, a Nigerian startup specializing in insurance technology solutions has secured $1.25 million to disrupt the traditional insurance industry in Africa

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The investment was led by prominent venture capital firms led by Ventures Platform Fund, with participation from Founders Factory Africa and Techstars, who are making a follow-on investment.

Founded in 2021, MyCover.ai aims to disrupt the traditional insurance industry in Africa by leveraging cutting-edge technology to provide accessible, transparent, and personalized insurance products to individuals and businesses alike. This recent pre-seed funding will play a crucial role in supporting the startup’s expansion plans and advancing its mission of fostering financial inclusion across the continent.

MyCover.ai’s innovative approach to insurtech centers around harnessing the power of artificial intelligence (AI) and data analytics to create tailored insurance solutions that meet the unique needs of customers. Through their platform, users can easily access a range of insurance products, from health and life coverage to property and auto insurance, all at competitive and affordable rates.

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“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.

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Egyptian fintech startup Flash has raised $6 million in seed funding to expand its product offerings and accelerate its growth in Egypt and beyond

New Investments

Egyptian fintech startup Flash has raised $6 million in seed funding to expand its product offerings and accelerate its growth in Egypt and beyond

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The investment round was led by Addition Capital , a venture capital firm headed by former Tiger Global executive Lee Fixel, Flourish Ventures and strategic angel investors.

Founded in 2021, Flash offers cashless payment solutions through its scan-and-pay service, allowing consumers and businesses to make transactions conveniently using QR codes. The startup is on a mission to eliminate the need for cash and physical cards, providing an alternative to expensive NFC-enabled point-of-sale (POS) systems.

Flash’s flagship product is a mobile app that allows users to make and receive cashless payments at merchants across Egypt. Flash also offers a variety of other financial services, including loans, savings accounts, and insurance. With the new funding, Flash plans to expand its product offerings and accelerate its growth in Egypt and beyond. The company plans to launch new lending, savings, and insurance products.

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“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.

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Rodrigue Msechu

Rodrigue Msechu is a Tanzanian entrepreneur and business advisor. He is the founder and CEO of Anza Strategy, a business advisory firm that helps companies enter and grow in the African market.

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August 15, 2023

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Price: NLe 11,290 Buy Now Place Bid Share Feedback Growth Meaning of the painting:  A woman’s growth in society is a testament to the ongoing

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Moroccan proptech startup Agenz has secured $1.3 million pre-Series A funding

New Investments

Moroccan proptech startup Agenz has secured $1.3 million pre-Series A funding

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Propel, a Nigerian talent-matching startup that builds sustainable talent pipelines for communities, has raised $2.74 million in seed funding.

The funding will be instrumental in scaling the startup’s AI-powered real estate platform, which leverages advanced technologies to streamline property transactions and deliver a seamless property search experience. The investment round attracted notable investors, including Azur Innovation Management Fund, MITC Capital – Maroc Numeric Fund Fund II, and beenok, an international investment fund.

 

Founded in 2021, Agenz incorporates artificial intelligence, machine learning, and data analytics to provide valuable insights and personalized recommendations to property professionals and prospective buyers. Agenz aims to simplify and optimize the property search process, making it more efficient, transparent, and user-friendly. Agenz’s AI-powered platform offers a range of features and benefits to property professionals and individuals seeking their dream homes.

 

The platform enables real estate agents to efficiently manage their property listings, automate tedious administrative tasks, and gain valuable market insights to better serve their clients. Agenz’s ambitious plans to scale its AI-powered real estate platform align with Morocco’s growing proptech landscape and the increasing demand for digital solutions in the property market.

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From Fields to Smartphones: How Farmerline is Revolutionizing Farming In Africa Through Tech

StartUp Spotlight

From Fields to Smartphones: How Farmerline is Revolutionizing Farming In Africa Through Tech

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In this week’s edition of the startup spotlight, we feature Ghanaian ag-tech startup, Farmerline.

Farmerline is a trailblazing company dedicated to empowering African farmers through innovative technology and sustainable solutions.

Founded in 2013, Farmerline is on a mission to create a world where all farmers have access to vital information, resources, and opportunities, enabling them to improve their livelihoods and build sustainable agricultural practices.

The primary mission of Farmerline is to leverage technology to deliver vital agricultural information and services directly to farmers, particularly in underserved rural communities.

By harnessing the power of mobile technology and data-driven solutions, Farmerline aims to bridge the knowledge and information gap that often hinders farmers from optimizing their productivity and profitability.

Farmerline has developed a user-friendly mobile application that enables farmers to access a wide range of information, including weather forecasts, crop management techniques, market prices, and financial insights.

This application serves as a digital hub for farmers, equipping them with real-time knowledge and enabling them to make informed decisions.

The ag-tech startup has also established a robust data collection and analytics platform, enabling them to gather valuable insights into farmers’ behaviors, needs, and challenges.

This data-driven approach helps identify trends, optimize interventions, and tailor solutions to specific contexts, ultimately driving more significant impact and scalability.

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