It is a new month, guys… and we are back with the Big 5 Daily.
Let’s get started real quick…
Amref Innovate for Life Fund accelerator has selected six African Start-ups for its 2018 challenge. The Amref Innovate for Life Fund targets healthcare start-ups in Sub-Saharan Africa countries.
The selected start-ups include Baobab Circle Limited and Ujuzi Fursa Africa from Kenya, Nigeria’s Baby Grubz and Tiny Hearts Technology as well as JOELEX from Uganda and Wastinnova from Zimbabwe.
Bandim Online Wins Guinea Bissau Seedstars Pitch… Guinea-Bissau based start-up won Seedstars Bissau pitch event after defeating four other start-ups. For winning the pitch, Bandim Online will represent Guinea-Bissau at the global Seedstars World Summit in Switzerland next year where it stands to win up to $1-million in equity investments.
More good news, Uganda’s DigiHealth Limited won the award for Best Innovation in Health at the Women in Africa Summit held in Morrocco. The Women in Africa (WIA) initiative is an international platform for economic development and support for African women leaders with potential.
In a move to reform the boda boda industry in the East African country, the German electric vehicle company, Ampersand has announced its plans to start the trials of its electric motorcycle taxi (e-Moto) services in Rwanda.
E-Motos is calculated to generate a 75% net reduction in greenhouse-gas emissions compared to petrol bikes. Per annum fuel savings are projected at upwards of US$900 per bike.
And more good news… as Amazon has announced that it will raise its minimum wage for all U.S. workers to $15 an hour, effective November 1.
The policy will cover employees at Amazon’s subsidiaries, including Whole Foods, as well as seasonal and temporary employees. Amazon says that in total, this will cover 250,000 employees, plus 100,000 seasonal employees.
