Hi Guys,
Welcome to a new edition of the Big 5 Daily. We are set to keep you updated with Africa’s latest innovation news.
Have a fun reading!
Big news! The Central Bank of Egypt is set to unveil a $50 million to $100 million fintech fund by early 2020. This initiative falls under the CBE’s initiatives that aim to transform Egypt into a regional centre for digital financial services. As part of the initiatives, seven technological parks will be launched in different universities at a total cost of $60.8 million this year.
Next on the Big 5, Huawei has partnered with Close the Gap – a Belgium nonprofit organization, to launch the DigiTruck project. Through this project, they will provide digital skills training to rural communities in Kenya. DigiTruck is part of Huawei’s ‘Tech4ALL’ digital inclusion initiative.
Also, Luminate—the philanthropic arm of Omidyar Group is unveiling a $1 million media lab for journalists, publishers and media entrepreneurs in Kenya. Tagged the Baraza Media Lab, the innovation aims to boost media capacity and polish the sector to report in the public interest.
Guess What? The Nigerian Stock Exchange has launched a mobile app called X-Mobile, to boost investor participation. The app will enable NSE to provide market participants with suitable, swift and real-time access to stock market activities. Isn’t this awesome?
Finally, Two Nigerian startups FarmToJuice and Foods Nig and Basiled Energy Ventures have been selected alongside 21 others as the finalists for the Shell LiveWIRE Top Ten Innovators Awards. The winners will receive $20,000 and while the runners up will receive $10,000. Shell LiveWIRE will award an Outstanding Achievement Award winner with $10,000.
That’s it for today’s episode of the Big 5 Daily!
Hope you had a good read?
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