Staff, 6:51 am
Cape Verde outlined the accelerated restructuring and privatization plan for TACV, approved by the Council of Ministers, as follows: One ATR aircraft will cease to operate on August 1st and TACV’s domestic services will be discontinued; Binter Cabo Verde will take over inter-island services and will seek to strengthen inter-island connections, with the aim to provide regular services to all airports. The carrier will also seek intermodal transport connections to islands without airports.
Staff, 8:08 am
Technological development is being seen as a key factor in improving a country’s productivity, competitiveness, and growth. Since the 1980s, the increase in technological innovations, along with the influx of new entrants into world markets, has exacerbated competition between economies. Morocco has embarked on a process of structural transformation in order to support its technological competitiveness, implementing sectoral policies, and promoting of internationally oriented professions.
Staff, 7:51 am
Getting access to the right seed and growth finance is critical to the success of most emerging technology companies. But finding the right investor can be a daunting task for any founding team. You have to deal with different mandates, big egos, various terms and long lock-in periods just to start discussions and there are many boxes to tick. Without significant direction, founders can spend months worth of time and energy in pursuit of an investor instead of focusing on growing the company.
Staff, 7:19 am
Co-creation Hub, a technology innovation centre in Nigeria and Google for Entrepreneurs, announced the launch of PitchDrive, a three-week, five-city European tech hub tour. This partnership will bring 15 African tech companies to pitch to investors, explore opportunities and learn about technology markets. African startup founders looking to raise funding will be selected by the PitchDrive team to embark on a tour that aims to build networks between European investors and African tech talent.
Staff, 10:58 am
Columinate has revealed the results of its sixth annual Internet Banking SITEisfaction survey,showing Capitec to be the new king in the digital banking category, ousting FNB.Capitec also picked up top honors in the Mobile Banking category,but FNB beat the newcomer in the Internet Banking category by a fraction of a percentage point.Columinate’s SITEisfaction survey is a measure of customer satisfaction with digital banking.Standard Bank replicated 2016’s results,scoring 70/100 for a second year.
Staff, 7:33 am
Chairperson of the Egyptian Association for Direct Investment Abdallah El Ebiary said that investment in venture capital is the new growth locomotive for the country, where these investments can help successful companies and products with a better future and good growth potential through the restructuring of emerging companies with high risk.This helps advance the economy and promote it, as the number of these companies is high, so taking interest in them would reflect positively on the economy.
Staff, 7:12 am
Zimbabwe just announced that it has opened for applications to the ICT Innovation Drive fund. This fund, totaling $25 million, was announced last year by the Ministry of ICT, Postal and Courier Services. The minister, Supa Mandiwanzira, said that the Zimbabwean government is committed to the development of local platforms and apps through investment financed by local operators. All licensed telecoms operators pay 1.5 percent of their revenue to what is called the Universal Service Fund.
Staff, 8:32 am
The Venture Capital Trust Fund (VCTF) in Ghana is under immense financial strain as a result of alleged mismanagement and misappropriation of funds by one of its former bosses. The Venture Capital Trust Fund was established in 2004 through an Act of Parliament, to provide low-cost financing to small and medium enterprises so as to enable them expand and create wealth and jobs. The law establishing the fund does not allow for direct equity investment in or provision of debt to any company.
Staff, 8:17 am
Several industries are adopting digital technologies to survive in the digital world, but one industry has lagged in that adaptation and that’s the small medium enterprise market in South Africa. The SME market is not harnessing technology to grow their small business and is ignoring the benefits of using technology to become digital entrepreneurs. Digital technology is becoming increasingly less expensive and most platforms offer a no-cost or free solutions to enable your business to flourish.
Staff, 7:49 am
The government of India said may share technology in renewable energy with Africa to power the remotest and poorest corners of the second largest continent. The Indo-African partnership is based on empathy as the countries face similar challenges, Power Minister Piyush Goyal said at the launch of the third International Solar Alliance (ISA) Program on “Scaling Up Minigrids and Microgrids” during the “Africa-India Cooperation on Powering Africa–Strengthening ISA and Africa-India RE Partnerships.”