African Startups in the credit scoring space

startups

African startups with solutions in the credit scoring and financing space will have the chance to secure a testing phase for their technologies with French utility company ENGIE at Africa Tech Summit Kigali in February. Taking place for the third time on February 4-6, Africa Tech Summit Kigali brings together tech leaders, MNOs, banks, investors, entrepreneurs, governments, trade bodies and media to drive investment and collaboration in the African tech space. For the second year, Disrupt Africa has reprised its partnership with Africa Tech Summit Kigali to host the two-day Africa Startup Summit,…

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Mali based insurtech startup OKO Finance helps rural farmers access crop insurance

Mali based insurtech startup OKO Finance helps rural farmers access crop insurance

Malian insurtech startup OKO Finance has helped many rural farmers to access crop insurance for the first time ever. Founded in 2017, OKO develops affordable mobile-based crop insurance products to provide smallholder farmers with the financial security they need, regardless of unstable climate trends. CEO Simon Schwall, spoke to ITBusinessDirect about their plans and activites, here is the conversation What is the story behind OKO Finance? Before starting OKO I worked for a very successful micro-insurance provider called BIMA. I was their local CEO in Papua New Guinea and Fiji…

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UTU Technologies raised $500k bridge funding

UTU Technologies

UTU Technologies, a Kenyan Block chain & AI startup building on the Aeternity block chain, has raised $500, 000 bridge funding. UTU Technologies was among the companies that graduated from the Aeternity Ventures StarFleet Accelerator program that saw the company initial funding. According to Jason Eisen, CEO, UTU, the total funding raised now is $1.3 million. UTU Technologies is the company behind the ride-hailing app, Maramoja. The app uses a Trust Engine to recommend ‘a social favorite driver’ or rides as opposed to existing apps like Uber and Taxify. Speaking to…

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Innovation that will help with the provision of clean water

Energy

Kenya’s quest to fulfill the need for clean water mainly in rural areas could be finally met after five university students invented a solar-powered water desalinator. The group calling itself, The Greatest of All Time (Goat), which comprises students from Kenyatta University, University of Nairobi and Strathmore University was unveiled at this year’s IBM Digital-Nation Africa: Smart Water Challenge. Goat’s innovation also uses Internet of Things (IoT) sensors to prevent water pipes from bursting by keeping the piping system fully functional. The team which won a paid internships with IBM…

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Startup food delivery Yumi Foods fed another $8M

Yumi foods

Babies have options these days when it comes to what goes in their mouths. No more is it just the standard mush in a jar. Now they have got everything from pouches to organic purees delivered right to their parents’ door and Yumi Foods is one of several startups cashing in. The company has just announced that it raised another $8 million from several of Silicon Valley’s household names, including Allbirds, Warby Parker etc. But it’s a tough and saturated market full of products all vying for mom and dad’s attention, and that’s not…

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Brex Building its Brand using Podcasts and Billboards

Brex

Corporate card and financial product startup Brex is best known as an enabling platform for businesses, with a focus on startups. The three-year-old company, which is reportedly valued at $2.6 billion, initially spread the word about its offerings through word-of-mouth referrals. But that’s quickly changing. As it grows its customer base, Brex is taking a mass market approach to marketing reminiscent of direct-to-consumer startups like SoFi, TransferWise and N26. Since April, it’s been running a biweekly a podcast called Brex in the Black. It’s opened a lounge co-working space for customers in the Bay Area, and last year, it reportedly spent $300,000 on a…

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Green Energy: Is it too late to tame Climate Change?

Airlines

Wind and solar energy have become significant participants in primary energy mix, with the new electric battery storage technology poised to remove the continuity of solar and wind energy to provide uninterrupted day and night, all weather grid supplies. Battery storage combinations of up to 100mw capacities have been achieved. Last month a game-changing solar energy concentration technology was unveiled by Heliogen, a startup company backed by Bill Gates capital. It will concentrate solar energy to a temperature as high as 1,000 degrees Celsius by aligning large mirrors on a…

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Ethena Startup creates a Sexual Harassment Software

Ethena

Ethena, a software startup, is making it easier to customize sexual harassment training for employees. The company is aiming to make the delicate topic of sexual harassment training more engaging and less uncomfortable for both employees and executives. It believes that something as important as sexual harassment training certainly should not be a cookie-cutter experience. Instead, the software, which is currently set to be released in January of the new year, promises to offer a unique educational experience for each employee and one that just might make them look forward…

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Twitter CEO Jack Dorsey will be moving back to Africa for at least 3 months in 2020, new home?

Jack Dorsey, Twitter's CEO

Jack Dorsey, the CEO of Twitter and mobile payments company Square, tweeted his farewell to Africa on Wednesday, but announced that he would return and temporarily move to the continent for at least three months in 2020. JHe uggested that he may move to Africa for at least three months next year. Sad to be leaving the continent…for now. Africa will define the future (especially the bitcoin one!). Not sure where yet, but I’ll be living here for 3-6 months mid 2020. Grateful I was able to experience a small…

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Uber loses London operating licence due to a pattern of failures

Uber London

The online taxi app platform Uber has ljust ost its licence to operate private hire vehicles in London after authorities found that more than 14,000 trips were taken with uninsured drivers. Transport for London announced the decision not to renew the ride-hailing firm’s licence at the end of a two-month probationary extension granted in September. Uber was told then it needed to address issues with checks on drivers, insurance and safety, but has failed to satisfy the capital’s transport authorities. TfL said on Monday it had identified a “pattern of…

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