Connect with us
Anglostratits

Business

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

Published

on

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.

Business

Congo Is Turning Reserves into Bankable Projects – and the Investment Window Is Opening

Published

on

Etu Energias

Eni-led LNG expansion and ongoing deepwater investment are pushing the Republic of Congo’s energy sector toward more bankable projects ahead of the Congo Energy & Investment Forum 2027

BRAZZAVILLE, Congo (Republic of the), June 23, 2026/APO Group/ –With LNG exports set to triple to 3 mtpa, upstream oil production targeting 500,000 bpd and a renewed push on local content, the Republic of Congo is positioning itself as one of Central Africa’s most investable hydrocarbon markets. Under the leadership of the newly-appointed Minister of Hydrocarbons, Stev Simplice Onanga, the country is prioritizing industry growth by balancing local content with reserve replacement and project advancement.

 

What sets Congo apart is not the scale of its reserves, but the pace at which those reserves are being turned into commercially viable projects. From Eni’s LNG expansion and TotalEnergies’ deepwater developments to brownfield optimization by Trident Energy and output growth at Ammat Global Resources, capital is flowing into projects with clearer monetization pathways and nearer-term returns.

Ahead of the Congo Energy & Investment Forum (CEIF) 2027 – the country’s leading platform for energy investment and partnerships – the story is shifting away from frontier potential toward bankable projects already under development.

Policy Reform Is De-Risking Investment

Congo’s investment case is being reshaped by the alignment of resource base, regulatory reform and project delivery. Established oil production, expanding LNG capacity and fiscal adjustments are gradually reducing above-ground risk.

Recent reforms led by the Ministry of Hydrocarbons and Société Nationale des Pétroles du Congo have added structure to the sector. The Gas Code, introduced in October 2025, formalizes fiscal terms for gas commercialization, while the Gas Master Plan prioritizes flaring reduction and gas-to-power deployment, targeting 1,500 MW by 2030.

A new upstream licensing round is also under consideration, aimed at attracting fresh capital into both mature and frontier acreage. Together, these measures are improving visibility across upstream, midstream and downstream segments, with recent project activity reinforcing the shift.

The Projects Driving the Next Cycle

Deepwater oil remains central to Congo’s production outlook, with operators progressing both new developments and brownfield optimization. TotalEnergies is advancing work at the Moho licence following the April 2026 Moho G discovery, backed by a $500–$600 million infill drilling program targeting about 40,000 bpd in incremental output.

Local independent Ammat Global Resources is targeting 70% production growth from its Loango and Zatchi fields, where reactivated wells and upgraded platforms have already lifted output by 75%. Perenco continues steady gains, adding roughly 6,000 bpd through its 2025–2026 drilling program.

Trident Energy, after acquiring an 85% working interest in the Nkossa and Nsoko II assets in 2025, is focused on extending field life through subsea optimization and redevelopment work.

While oil continues to anchor revenues, gas is rapidly emerging as Congo’s fastest-growing segment. Eni’s Congo LNG project delivered its first cargo from Phase 2 in February 2026, following the startup of the Nguya FLNG unit in December 2025. Together with Tango FLNG, capacity has risen from 0.6 mtpa to 3 mtpa. Trident Energy has also proposed an FLNG project aimed at adding further capacity across the country’s gas market. The project is expected to operate as shared infrastructure, allowing multiple operators to process gas from their respective fields. This creates an outlet for associated gas that might otherwise be stranded, supporting the country’s broader diversification goals.

Local Content Is Reshaping Investment Terms

Beyond upstream policy, Minister Onanga has positioned local content as a central pillar of Congo’s investment framework, and a key determinant of how capital is structured and deployed.

Decrees 2019-342, 343, 344 and 345 set requirements around subcontracting, workforce localization and training commitments, with the effect being a gradual shift in how projects are structured and how partnerships are formed. Operators are increasingly assessed not only on technical delivery but on in-country value creation, including partnerships with local firms and skills development. Logistics, maintenance and other service areas are increasingly channeled through domestic providers.

At CEIF 2027 – taking place June 1–3 in Brazzaville – attention will shift to what is moving forward and to the investors positioned to take part in that pipeline. Congo’s energy sector is no longer defined by potential alone: projects are moving, capital is being committed and policy is starting to catch up with activity on the ground.

As the Republic of Congo moves from reserves to revenue, the signal to investors is clear: this is already unfolding, not a future opportunity.

Distributed by APO Group on behalf of Energy Capital & Power.

 

Continue Reading

Business

Afreximbank secures double honours at the 2026 International Association of Business Communicators (IABC) Gold Quill Awards for excellence in strategic communications

Published

on

Afreximbank

The Award of Excellence for IATF2025 recognises the successful communications and stakeholder engagement programme delivered around the fourth edition of the Intra-African Trade Fair, Africa’s premier trade and investment event

CAIRO, Egypt, June 23, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has been recognised with two prestigious honours at the 2026 International Association of Business Communicators (IABC) Gold Quill Awards, one of the world’s most prestigious awards programmes for strategic communications.

 

The Bank received an Award of Excellence in Special and Experiential Events category for the Intra-African Trade Fair 2025 (IATF2025) held in Algiers, Algeria and an Award of Merit in the Social Media category for its Afreximbank Social Media Campaigns, reaffirming Afreximbank’s commitment to delivering impactful communications that advance its mandate of promoting trade, investment and industrialisation across Africa and the Caribbean.

We are delighted to receive these two awards, which attest to the expertise, creativity and efficiency of Afreximbank’s communication

The Award of Excellence for IATF2025 recognises the successful communications and stakeholder engagement programme delivered around the fourth edition of the Intra-African Trade Fair, Africa’s premier trade and investment event. IATF2025 brought together governments, businesses, investors, buyers, sellers and entrepreneurs from across Africa and beyond, creating a platform for trade and investment opportunities while advancing the objectives of the African Continental Free Trade Area (AfCFTA). The communications campaign played a pivotal role in driving global awareness, stakeholder participation, media visibility and engagement before, during and after the event, while showcasing the scale, ambition and dynamism of African enterprise and reinforcing a positive narrative about Africa’s capacity to trade, industrialise and compete on the global stage. Over 120,000 delegates attended IATF2025 in person and virtually, with deals worth over US$50 billion recorded.

The Award of Merit for Afreximbank Social Media Campaigns recognises the Bank’s strategic use of digital platforms to engage stakeholders, amplify its developmental impact and elevate conversations around trade, industrialisation, economic integration and investment opportunities across Africa and the Caribbean. Through a combination of compelling storytelling, thought leadership content, executive advocacy, multimedia production and real-time event coverage, Afreximbank’s social media platforms have continued to expand their reach and influence among policymakers, businesses, investors, development partners and the wider public. Among these platforms is the Afreximbank TV, a digital TV channel that is wholly owned and managed by Afreximbank, whose fifth edition was celebrated with dedicated coverage of IATF2025, providing live coverage of the activities to both pan African and global audiences.

Anne Ezeh, Director & Global Head, Communications and Events at Afreximbank commented: “We are delighted to receive these two awards, which attest to the expertise, creativity and efficiency of Afreximbank’s communications. As a pan African multilateral financial institution, we see storytelling as a powerful tool for advancing our mission — ensuring our initiatives, events, programmes and key announcements not only inform, but also inspire confidence, deepen engagement and amplify Africa’s transformation. These awards reinforce our resolve to continue delivering world-class communications that elevate African voices and projects a bold and authoritative narrative of the continent.”

Ms. Ezeh added that through innovative storytelling, digital engagement and integrated campaigns, the Bank will continue to amplify the impact of its programmes and partnerships  to project a more authentic narrative of Africa, one defined by opportunity, innovation, resilience and growing influence in the global economy.

For more than five decades, the IABC Gold Quill Awards have recognised excellence in strategic communications globally, celebrating programmes and campaigns that demonstrate measurable impact, innovation, creativity and outstanding execution. Widely regarded as the pinnacle of achievement in the communications profession, the awards are judged through a rigorous and independent evaluation process conducted by experienced communication leaders from around the world.

Distributed by APO Group on behalf of Afreximbank.

 

Continue Reading

Business

Islamic Development Bank (IsDB) Institute Unveils 2025 Annual Report During Group Annual Meetings in Baku

Published

on

IsDBI

In 2025, IsDBI significantly expanded its footprint in Islamic finance transformation, approving 25 new technical assistance projects valued at US$4.14 million and completing 19 projects worth US$3 million

The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) has released its 2025 Annual Report during the 2026 IsDB Group Annual Meetings held in Baku, Azerbaijan, showcasing a year of expanded impact in Islamic finance transformation, innovative solutions, and capacity development.

 

The report highlights how IsDBI strengthened its role as a global knowledge leader by advancing innovative solutions and scaling support to Member Countries through knowledge-based interventions, Islamic finance grants, and strategic partnerships.

In 2025, IsDBI significantly expanded its footprint in Islamic finance transformation, approving 25 new technical assistance projects valued at US$4.14 million and completing 19 projects worth US$3 million, supporting countries in strengthening regulatory frameworks and promoting inclusive financial systems.

Since 2013, the Institute’s interventions in this regard have reached over US$27.57 million across 181 projects benefiting more than 34 countries, underlining its sustained contribution to development outcomes across the Islamic world.

I am pleased to note that the Institute has continued to strengthen its unique role in the global development ecosystem

The Annual Report highlights major progress in IsDBI’s three flagship transformative projects, namely Awqāf Free Zones, Digital Postal Islamic Financial Services, and Smart Countertrade System, which have all advanced to pilot-ready stages. These initiatives aim to address global challenges such as financial inclusion, food and energy security, and trade resilience.

Furthermore, the Institute accelerated its focus on digital innovation in Islamic finance, enhancing its Islamic Finance Artificial Intelligence Assistant (IFAA) and hosting its first AI Hackathon on Islamic Finance, engaging more than 40 teams in developing cutting-edge solutions aligned with industry standards.

Human capital development in Islamic finance also remained a cornerstone of IsDBI’s work in 2025, with the delivery of over 20 training programs reaching around 500 professionals across Member Countries. A key achievement in this area was the Entrepreneurial Mindset Development Program, a flagship initiative equipping emerging leaders from 20 countries with innovation-driven and values-based entrepreneurship skills. The program was designed and implemented in collaboration with Prince Mohammed Bin Salman College of Business and Entrepreneurship, Saudi Arabia.

The Institute also strengthened its thought leadership through flagship publications, global partnerships, and digital engagement, reinforcing its position as a leading voice in Islamic economics and finance.

Commenting on the issuance of the Annual Report, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said: “I am pleased to note that the Institute has continued to strengthen its unique role in the global development ecosystem by bridging knowledge creation, building human capital, and designing innovative solutions to address economic challenges.”

The 2025 Annual Report is accessible on IsDBI website here (https://isdbinstitute.org/product/isdbi-annual-report-2025/).

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

 

Continue Reading

Trending