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Africa Tech Festival Announces Top 10 Finalists for Start-Up World Cup

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Africa Tech Festival

Top 10 will battle it out at the AfricaIgnite Pitch Competition in November in Cape Town, as to who will represent Africa in the global finals of the Startup World Cup, powered by Pegasus, taking place in the USA with the ultimate prize a cool USD1 million investment

JOHANNESBURG, South Africa, October 27, 2023/APO Group/ — 

The results are in and today, organisers of the annual Africa Tech Festival (https://apo-opa.info/3myppVu), taking place in Cape Town 14 – 16 November, announced the top ten finalists of the AfricaIgnite Pitch Competition who will battle it out to win the opportunity to represent the African continent in the Startup World Cup (https://www.StartupWorldCup.io/) on 1 December this year.

Making the announcement, James Williams, Senior Director, Events | Connecting Africa | Informa Tech, remarked: “Congratulations to everyone who entered. We called for the continent’s brightest, most inspiring founders to apply to help build the African innovation ecosystem and they certainly delivered. 

“I know I speak for my colleagues, the investors and judges who will be closely monitoring the pitch competition, when I say that Africa’s talent, ingenuity, and unmatched potential is abundant and diverse, and this is clearly represented in this broad array of finalists. It is therefore going to be no small task to select just one winner who will represent the continent at the Startup World Cup Final, held by Pegasus in San Francisco on 1st December.”

Providing insight as to what she will be looking for in the winning pitch, investor, and AfricaIgnite Pitch Competition judge, Keshni Morar of Investable (https://www.Investable.Business/), warns contenders to come prepared. Morar will be looking for the granular detail in the presentations, with a demonstrable understanding of the market in which the start-up is looking to play or is already active. Depth of the go to market strategy too for those start-ups at pre-seed capital, is a vital consideration.

But in short, Morar says: “Like every other serious investor out there, I look for the coherence between the pitch story and the data points. If it’s not there, there’s no chance of us getting involved.”

The top ten looking to win the AfricaIgnite Pitch Competition Final are:

AsaanaPay (https://apo-opa.info/46O2WGc)- a payments and rewards platform for minority owned businesses enabling offline and online payments and unrestricted cash back rewards to attract and retain customers. Asaana facilitates local and global payments through a variety of channels from mobile wallets and traditional banks to everything in between. Headquartered in Kenya, Asaana services the world.

Tausi App (https://TausiApp.com/)– beauty is freedom and beauty is also big business in Africa, which is how Tausi came about. An app that connects beauticians to clients and provides professional hair and make-up and other services to make clients feel fabulous, with a rating system and in-depth onboarding process that is simple to use. Headquartered in Kenya with more than 6000 registered beauticians on their books and having helped more than 20 000 clients.

Bus54 (https://Bus-54.com/)– Based in Nigeria, Bus54 is a mobility technology company providing a platform to aggregate intercity bus transportation in Africa, allowing passengers to search, compare, book, and manage their journeys online. The platform enables transport operators to manage their end-to-end operations from a secure portal with no need for additional investment in IT software or hardware, and an additional channel to sell their tickets.

Delta Scan (https://DeltaScan.global/)– a specialist engineering inspection, digitisation and BIM company based in South Africa that digitize the world around us to create powerful analytical 3D models to extract engineering value. The company, based in South Africa, strives to improve efficiency, bring down costs, and provide comprehensive information to make better informed decisions. Combining cutting edge aerial platforms and scanning technology together with 3D digitization, artificial intelligence and engineering analysis principles.

An open-to-all feature, the Final will bring a great crowd of founders, tech leaders and investors to witness who will be crowned winner

Oneway Connect (https://www.OnewayConnect.co.za/)- a cutting-edge job matching and recruitment software prioritizing cultural alignment that is shaping the future of hiring. Beyond traditional CVs, the platform evaluates capabilities and traits, fostering purposeful performers for businesses. At the heart of their mission is creating a fair candidate experience. With a simple click, jobseekers are seamlessly connected to their ideal roles while assessments empower employers to truly understand candidates’ potential beyond mere keywords.                                  

Ukwenza VR (https://UkwenzaVR.com/)- a social enterprise based in Kenya that focuses on creating educational Virtual Reality (VR) content to complement classroom learning and offer additional learning on social and environmental issues e.g. conservation and plastic pollution.

We work with schools & educators to create and deliver the content to ensure it meets learning standards that serve the community.

Hippocampus Education (https://HippocampusEducation.io/)- Hippocampus is an adaptive tutoring Facebook Messenger bot that provides differentiated instruction and instant feedback that is customized to meet each individual’s learning needs. It acts as a liaison between the lecturer and the student or between the tutor and the student, supporting in assessment activities, facilitating a learning environment that meets each student’s learning needs, and provides positive and constructive feedback on the progress and performance of the student.

BenaCare (https://BenaCare.or.ke/)– a Kenyan based social enterprise that delivers affordable clinical and supportive care to patients with life limiting illnesses at the comfort of their own homes.  They also reduce and re-distrinbute unpaid care performed by women family caregivers in rural Kenya, by training them on the basics of caregiving like wound care, vitals taking, grooming, ambulation, pressure are care and toileting.  IN this way Benacare improves the outcome of the patients taken care of and equip these women with caregiving skills which can then earn them a living.

Gradlinc (https://Gradlinc.co.za/)– more than a matchmaker between graduate and employer and vice versa, Gradlinc helps prepare graduates for the workplace from helping with CVs to creating personal brands and is free to graduates.  It is a vital two-way bridge between ‘people’, not jobs and workers, as matching values, and individuality in people – whether the graduate or the employer – builds long-term successful relationships with mutual benefits.

Kyanda Africa (https://Kyanda.co.ke/)– seamless payment solutions with easy financial reach, Nairobi-based Kyanda Africa provide safe and easy access to financial and related services simultaneously in an affordable, efficient, and transparent manner for all at all times.  They are on a mission to drive down the number of unbanked and underbanked people across Africa.

The AfricaIgnite Pitch Competition Final takes place at Africa Tech Festival in the Auditorium 2 of the CTICC on 16th November from 2pm to 3.30pm. An open-to-all feature, the Final will bring a great crowd of founders, tech leaders and investors to witness who will be crowned winner. Free entry to start-ups and visitors is available – please see below for further details about registration.

For more information about Africa Tech Festival, please see website here: https://apo-opa.info/3myppVu 

For more information about the AfricaIgnite Pitch Competition, please visit: https://apo-opa.info/46I88va

For more information about the Startup World Cup, powered by Pegasus, please visit: https://www.StartupWorldCup.io/

View all ticket options for Africa Tech Festival, including start-up passes, here (https://apo-opa.info/3Q04o2r)

Distributed by APO Group on behalf of Africa Tech Festival.

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Golar Liquefied Natural Gas (LNG),Chief Commercial Officer (CCO) Joins Invest in African Energy (IAE) 2025 Speaker Lineup

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Liquefied Natural Gas

Federico Petersen, Chief Commercial Officer of Golar LNG, will share his expertise on the future of LNG in Africa and the role of floating LNG solutions in driving the continent’s energy transformation at the Invest in African Energy Forum in Paris next month

PARIS, France, April 25, 2025/APO Group/ –Federico Petersen, Chief Commercial Officer (CCO) of Golar LNG, will join the upcoming Invest in African Energy (IAE) 2025 Forum in Paris to discuss scaling LNG in Africa, overcoming infrastructure challenges and attracting investment. With Africa rapidly expanding its gas infrastructure, Petersen’s insights are expected to showcase how innovative LNG solutions can support sustainable energy growth across the continent.

As a global leader in floating LNG (FLNG) solutions, Golar LNG is advancing gas monetization across Africa. The company is actively involved in several key projects, including the Hilli Episeyo FLNG facility off the coast of Cameroon, operational since 2018, which plays a crucial role in unlocking regional gas resources with cost-effective, scalable LNG production. Golar LNG is also a key player in the Greater Tortue Ahmeyim project offshore Senegal and Mauritania, where it owns and operates the Gimi FLNG, which received its first feed gas in January 2025, marking a major milestone in LNG export operations.

IAE 2025 (https://apo-opa.co/3ECl25bis an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

Additionally, Golar LNG is exploring further opportunities across the continent, including ventures in the Republic of Congo and Nigeria. In June 2024, the company signed an agreement with the Nigerian National Petroleum Corporation to deploy an FLNG vessel in the Niger Delta, utilizing 500 million cubic feet of gas per day to generate LNG, propane and condensate, with a final investment decision expected later this year.

The growth of LNG in Africa is set to accelerate in the coming years as key markets seek to tap into their vast natural gas reserves. As such, Petersen’s participation at IAE 2025 is poised to showcase the pivotal role of FLNG in enhancing energy security, driving economic growth and fostering regional cooperation.

As the global energy landscape shifts toward cleaner, more sustainable sources, LNG will remain crucial in powering Africa’s future, offering a reliable transition fuel to support the continent’s ambitious energy goals. With IAE 2025 as a platform for high-level dialogue and partnerships, the forum will provide an invaluable opportunity for stakeholders to explore the latest LNG developments, deepen collaboration and drive investments that will shape the future of African energy.

Distributed by APO Group on behalf of Energy Capital & Power

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VFD Group Plc Reports Remarkable Growth in Audited Financial Statement for 2024 Financial Year

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Net investment income surged by 95% to N59.0 billion, despite a spike in investment expenses to N15.5 billion from N7.4 billion in 2023

LAGOS, Nigeria, April 25, 2025/APO Group/ –In a stunning turnaround, VFD Group Plc (https://VFDGroup.com), a proprietary Investment firm, has announced its audited financial results for the year ended December 31, 2024, showcasing exceptional growth. The journey to this milestone was paved with strategic initiatives and a relentless pursuit of innovation.

Just a year ago, businesses globally struggled with macroeconomic headwinds, and VFD Group, not an exception, reported a pre-tax loss of N1 billion in 2023. However, the team’s dedication and forward-thinking approach yielded impressive results. The Group reported a pre-tax profit of N11.2 billion, representing a 1202% year-on-year growth.

Net investment income surged by 95% to N59.0 billion, despite a spike in investment expenses to N15.5 billion from N7.4 billion in 2023. Net revenue increased by 90% to N71.0 billion, while operating profit grew by an impressive 104% to N48.8 billion.

The company’s financial performance was nothing short of remarkable, with notable achievements including:

– Investment and similar income: N74.6 billion, up 98% YoY

– Net investment income: N59.0 billion, up 95% YoY

– Net revenue: N71.0 billion, up 90% YoY

– Operating profit: N48.8 billion, up 104% YoY

– Pre-tax profit: N11.2 billion, a significant turnaround from a N1 billion loss in 2023

As of April 22, 2025, VFD Group’s market capitalisation surged by 116% to hit N121.6 billion from N56.2 billion year to date.

These outstanding results reflect the success of our team’s efforts. As VFD Group looks to the future, it remains committed to delivering exceptional value to its customers and stakeholders.

Distributed by APO Group on behalf of VFD Group Plc.

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African Energy Chamber (AEC) Champions Smart Policy, Strategic Partnerships to Advance Namibia’s Oil & Gas Discoveries

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The African Energy Chamber is a strategic partner of the Namibia International Energy Conference, which kicked off today in Windhoek

WINDHOEK, Namibia, April 24, 2025/APO Group/ –As a strategic partner of the Namibia International Energy Conference (NIEC), the African Energy Chamber (AEC) (www.EnergyChamber.org) is calling for a deliberate and accelerated approach to moving Namibia’s recent oil and gas discoveries into production – emphasizing the importance of speed, investor confidence and strategic collaboration.

Speaking during a high-level panel at NIEC 2025, AEC Executive Chairman NJ Ayuk urged Namibia to seize the momentum of its frontier discoveries, while avoiding the pitfalls that have stalled progress in other hydrocarbon-rich African nations. He emphasized that Namibia’s path to becoming a regional energy hub hinges on its ability to learn from international case studies and execute deals that ensure long-term national benefit.

“Namibia needs to move fast, produce quickly and negotiate the best deals with its partners to ensure the rapid development of its oil discoveries,” Ayuk stated. He pointed to Guyana as a prime example, noting how the South American country developed a robust strategy focused on national benefit and successfully attracted billions in investments to fast-track its energy projects.

Namibia needs to move fast, produce quickly and negotiate the best deals with its partners to ensure the rapid development of its oil discoveries

In contrast, Ayuk cautioned against the delays experienced by countries like Mozambique, Tanzania, Uganda and South Africa, where production was significantly postponed, leading to rising project costs and lost opportunities. “There is a growing movement trying to discourage Africa – and Namibia – from producing its oil and gas. We must resist that,” he added.

Reinforcing the need for investor-friendly terms, Justin Cochrane, Africa Upstream Regional Research Director at S&P Global Commodity Insights, highlighted the necessity of contract stability, transparent data-sharing and a balanced approach to fiscal negotiations. “It’s natural that Namibia wants to maximize its benefits, but pushing too hard on IOCs can result in getting 100% of nothing… The first milestone must be achieving first oil,” said Cochrane.

Representing Namibia’s national oil company, Victoria Sibeya, Interim Managing Director of NAMCOR, stressed that the company is actively engaged in every phase of the industry, from data acquisition and exploration to shaping the downstream and midstream vision. “We are not just bystanders,” said Sibeya. “NAMCOR is deeply involved in data acquisition, exploration and the exchange of knowledge and technology with our partners. We are also preparing to invest in downstream and midstream sectors to ensure that we can add value once production begins.”

Echoing the call for local development, Adriano Bastos, Head of Upstream at Galp, underscored the need for early and continuous skills development – proposing that Namibians be trained abroad in specialized areas like FPSO operations to ensure they are prepared to lead once production begins at home. “Namibia has capabilities that are rare in the region, but more collaboration with international partners is essential to build the local skills base,” he said.

Bastos noted that Namibians make up 25% of Galp’s workforce in the country, including its first female offshore base manager. “We are proud of the strides we have made. Our nationalization plans are aggressive, and we work closely with [the Namibian Ports Authority] and other local entities to implement meaningful capacity-building projects.”

As Namibia stands on the cusp of transforming exploration success into production, the message from industry leaders is clear: time, trust and talent will determine the country’s trajectory. Through cross-border collaboration, pragmatic deal-making and a strong national vision, Namibia can emerge not just as an oil producer – but as a continental model for inclusive, forward-thinking energy development.

Distributed by APO Group on behalf of African Energy Chamber

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