Hi, guys… it is once again—- the Big 5 Daily.
The Pan-African training program which also doubles as a seed fund and incubator; Meltwater Entrepreneurial School of Technology (MEST) has announced seven start-ups that will receive $700,000 in funding as part of its plan to celebrate its 10th anniversary of investing in African tech start-ups.
The start-ups were picked from across Africa including; Nigeria, Ghana, Kenya, South Africa, Zimbabwe, and Cote d’Ivoire and each start-up receives $100,000 as well as support and mentorship from MEST.
Also, two Nigerian businesses; Alternate Energy Ltd (Energy Solutions) and De-Rabacon (Social Enterprise) have been shortlisted among ten businesses from six countries for the 2018 Shell LiveWIRE Top Ten Innovators Awards.
Moving on, the global competition which highlights and rewards businesses that demonstrate excellence in innovation will be holding in Malaysia this year.
Nigerian, Ghanaian Start-up Selected for 2018 Google’s Developer Launchpad Studio… Cars45, the Nigerian marketplace for used cars, and Ghanaian fintech start-up, Inclusive Financial Technologies have been selected among 10 start-ups across the world that will be participating at the Google’s Developer Launchpad Studio.
The Launchpad Studio is a programme organized by Google for the world’s top start-ups creating a platform for their founders to work together with the Alphabet Inc. teams in order to solve specific technical challenges and also, optimise their businesses for growth with the use of machine learning.
In more African news, Senegalese fintech start-up; Sudpay has won 2018 Seedstars Dakar pitch competition.
Sudpay which enables municipalities to collect more revenue by digitising the collection of local taxes has become the area’s first tourism enterprise.
The winning start-up will represent Senegal at the global Seedstars Summit, Switzerland in 2018 where it stands to win up to $1-million in equity investments. Seedstars World’s next African pitch events, Seedstars Nairobi and Seedstars Kinshasa, are both set to take place on 21 September.
Meanwhile, latest news from Chinese e-commerce platform, Alibaba has announced Daniel Zhang to Succeed Jack Ma as the Company’s Chairman Next Year.
Alibaba Group has stated that Daniel Zhang will be the company’s new chairman in 2019 following media report about Jack Ma’s retirement.
That’s all for the day. The world will surely turn towards the new Apple Launch as the day advances. Stay tuned to Tech Gist Africa for live coverage.
See you tomorrow.