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Global Startup Awards Africa announces regional winners at GITEX Africa 2023

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The announcement took place at the launch edition of GITEX Africa 2023 in Marrakech, Morocco, this week

MARRAKESH, Morocco, June 2, 2023/APO Group/ — 

Seventy-one startups from across Africa have been named regional winners at this year’s Global Startup Awards (GSA) Africa (www.GlobalStartupAwardsAfrica.com) – the largest, independent startup ecosystem competition on the continent. Twenty three African countries are represented in the line-up of regional winners.

The 2022/23 season attracted 8,272 entries from all 54 African states, resulting in 71 regional winners being named across the Northern, Southern, Eastern, Western, and Central Africa competitions.

Launched in 2021, GSA Africa is a platform dedicated to showcasing and scaling Africa’s most promising startups. This year’s competition focused on solutions in agriculture, climate change, commerce, education, healthcare, and mobility & logistics, with particular interest in startups championing Web3.0 technologies, sustainable business models, green innovation, and diversity in the workplace.

The competition saw entrants first compete at a national level before vying for their spot as a regional finalist. Winners were then decided by an independent panel of judges, offering a wholistic view of the African tech-ecosystem.

In the Northern Africa competition, thirteen startups from Egypt were named winners, followed by finalists from Morocco and Tunisia. Similar results were seen in Southern Africa, where South African startups secured eleven awards, while the remaining titles went to entrants from Zimbabwe, Mozambique and Namibia.

Meanwhile, Eastern Africa saw Kenyan startups walk away with seven titles, as those from Uganda secured three, Ethiopia with two, and startups from Mauritius, Rwanda, and Tanzania also claiming awards. In Western Africa, Nigerian startups scooped up six awards, followed by three winners from Ghana. Additional winners came from Liberia, Cote d’Ivoire, Gambia, Senegal, and Benin.

Central African startups had a strong presence this year, with innovators from Cameroon earning five titles and those from the Democratic Republic of Congo winning four. Winners from the Congo and Gabon were also recognised.

From Algeria to South Africa, Senegal to Somalia, and everywhere in between – 34 percent of this year’s entrants were tackling green innovation

All 71 regional winners will now advance to the Continental Finals of the GSA Africa competition, where they will compete to be crowned an African winner. This final group of startups will join the GSA Grand Finale where they will have the opportunity to showcase their solutions alongside some of the world’s top entrepreneurs, venture capitalists, and ecosystem enablers.

In March 2023, two African startups were named Global Winners at last season’s Grand Finale. Competing against more than 120 companies from 115 countries, Ethiopian green-tech startup, Kubik, was recognised as ‘Startup of the Year’, while the Ugandan fintech, Emata, was proclaimed ‘Best Newcomer’.

African winners will have the exclusive opportunity to engage with the Global Innovation Initiative Group (GIIG) www.GIIG.Africa, the competition’s dedicated investment partner. Through its GIIG Africa Fund and the GIIG Africa Foundation, the organisation aims to find, fund and grow globally relevant African innovation.

Reflecting on this year’s regional winners, GSA Africa and GIIG co-founder, Jo Griffiths, says: “With 747 finalists across all five regions, this year’s competition did not disappoint! Our panel of judges were blown away by the quality and diversity of solutions from all corners of the continent, that are actively working to solve some of our greatest challenges. It was particularly interesting to note that – from Algeria to South Africa, Senegal to Somalia, and everywhere in between – 34 percent of this year’s entrants were tackling green innovation. These startups are proof that Africa is the tech continent of the future.”

The announcement took place at the launch edition of GITEX Africa 2023 in Marrakech, Morocco, this week. GITEX Africa 2023 is the biggest gathering of innovation stakeholders on the continent, bringing together global leaders in the public, private and civil sectors to spur the adoption of next-gen technology in Africa.

Speaking from GITEX Africa 2023 was GSA Africa and GIIG co-founder, Caitlin Nash, who remarked that: “These winners represent the top startups in both their home country and region – and it’s all the more significant that we announce them here in Morocco, the industrial powerhouse of Africa. This competition is all about building global bridges between our continent’s most exceptional solutions and the people, markets and communities where they can make the most significant impact. In that vein, this event has been the ideal launch pad for these startup’s global ambitions, and we’re excited to help take them to the world.”

For a full list of this year’s regional winners, go to www.GlobalStartupAwardsAfrica.com

Distributed by APO Group on behalf of GITEX Africa.

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Ministers among hundreds of energy-sector leaders to attend AOW event

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The event kicks off with an invitation-only ministerial symposium focused on the theme of “Fostering innovation, attracting investment, and promoting sustainable growth in the oil, gas, and energy sectors”

CAPE TOWN, South Africa, October 4, 2024/APO Group/ — 

AOW: Investing in African Energy (https://AOWEnergy.com) – Africa’s leading oil, gas and energy event – has confirmed attendance for more than 80 ministers and senior officials, representing African governments, energy departments and regulators at next month’s event.

These influential stakeholders will be among the more than 1 600 senior delegates and industry leaders who will be attending the event to develop policy, share discoveries, secure investment, and shape Africa’s energy future.

The event kicks off with an invitation-only ministerial symposium focused on the theme of “Fostering innovation, attracting investment, and promoting sustainable growth in the oil, gas, and energy sectors.”

Given the recent major oil-and-gas discoveries across Africa, the energy transition and major geopolitical events, it is clear that the energy sector needs positive intervention

Among the officials and government ministers attending will be energy leaders from South Africa, Nigeria, Namibia, Cote d’Ivoire, Mozambique, DRC, Ghana, Kenya, Madagascar, Eswatini, Uganda, CAR, Guinea Conakry, Guinea Bissau, Ethiopia, The Gambia, Gabon, Malawi, Morocco, Zanzibar, Liberia, Senegal, Congo Brazzaville and Sierra Leone.

In addition, the event will feature high-level delegations from numerous national oil companies, as well as multilateral bodies including the African Union, (AU), African Energy Commission (AFREC), African Petroleum Producers’ Organization (APPO) and the Southern African Power Pool (SAPP).

AOW will see these energy leaders networking with C-suite executives and decision-makers from more than 760 top energy companies at daily networking events, to discuss insights, forge new relationships, and negotiate major energy deals.

“We are so excited to see the calibre of delegates at this year’s AOW event,” says Chief Executive Officer of Sankofa Events, Paul Sinclair. “Given the recent major oil-and-gas discoveries across Africa, the energy transition and major geopolitical events, it is clear that the energy sector needs positive intervention. The high-powered attendance proves AOW is a key platform to enable this intervention.”

Key themes to be discussed at this year’s AOW will be sustainable upstream development; expanding gas value chains; renewables and new energies; adoption of best-in-class technologies; and access to finance.

AOW: Investing in African Energy will culminate in a special anniversary party at Groot Constantia Vineyard to celebrate 30 years of the AOW event.

Distributed by APO Group on behalf of AOW: Investing in African Energy.

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Afreximbank approves US$20.8 million for Starlink Global’s cashew factory project in Lagos

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The facility is expected to promote value addition which will guarantee increased earnings to the company while also fostering the creation of about 400 new jobs

CAIRO, Egypt, October 4, 2024/APO Group/ — 

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has approved a US$20.8 million financing facility for Nigeria-based Starlink Global & Ideal Limited to enable the company construct and operate a 30,000-metric tonne per annum cashew processing factory in Lagos.

We are delighted at this partnership which promises to deliver significant impact on employment in Nigeria

According to the facility agreement signed in on July 22, 2024, Afreximbank will provide the funds in two tranches with the first tranche of US$7.48M going toward capital expenditure for the construction of the factory and the second, totalling US$13.25M to be deployed as working capital for the operations of the factory.

The facility is expected to promote value addition which will guarantee increased earnings to the company while also fostering the creation of about 400 new jobs once the factory becomes operational. It is also expected to support about 40 small and medium-sized enterprises.

Commenting on the transaction, Mrs. Kanayo Awani, Executive Vice President, Intra Africa Trade and Export Development, Afreximbank, said that by supporting Starlink Global to establish a modern processing facility, Afreximbank is making it possible for Africa to add value to its agro-commodities, thereby facilitating exports and subsequent inflow of much-needed foreign exchange into the continent.

“We are delighted at this partnership which promises to deliver significant impact on employment in Nigeria. It will contribute to value creation and to the development of the local community while also improving the lots of smallholder farmers and small business suppliers that will work with Starlink across the value chain,” Mrs. Awani added.

Distributed by APO Group on behalf of Afreximbank.

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Sonangol to Lead Decarbonized Oil & Gas (O&G) Development, Says Angolan National Oil Company (NOC) Head

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Participating in an on-stage interview at Angola Oil & Gas 2024, Sonangol CEO Sebastião Gaspar Martins emphasized that oil and gas remains a core focus for the national oil company

LUANDA, Angola, October 3, 2024/APO Group/ — 

Angola’s national oil company Sonangol reiterated its commitment to driving sustainable hydrocarbon development during the Angola Oil & Gas (AOG) conference this week. Speaking during an “In-Conversation with” session, Sonangol CEO Sebastião Gaspar Martins stated that the company will not abandon oil and gas, but rather advance decarbonized oil and gas development.

We are looking at opportunities in the gas sector and have identified the right partner to develop non-associated gas

By investing in upstream oil and gas production while prioritizing low-carbon projects, Sonangol aims to boost national crude output, while diversifying and decarbonizing the industry. The NOC is focusing efforts on non-associated gas development, as well as alternative energy sources such as solar.

“We are looking at opportunities in the gas sector and have identified the right partner to develop non-associated gas. Gas produced from Angola LNG will be used for the production of fertilizer and we are evaluating the utilization of gas in the south of the country, linking gas with steel industries. We also have a blue carbon project, linked to the reduction of carbon through the plantation of mangroves. We have one area in Luanda and have identified four additional areas for this,” stated Gaspar Martins.

Sonangol has undergone transformation in recent years: following the creation of the National Oil, Gas & Biofuels Agency (ANPG) in 2019, Sonangol transferred its role as national concessionaire and regulator. This transformation has aimed to make Sonangol more competitive and strengthen its capacity as an upstream operator. Concurrently, the government is partially privatizing the NOC, with privatization set to be complete in 2026. This process will enhance financial capacity, allowing Sonangol to drive new upstream projects forward.

“The transformation of Sonangol started several years ago, when we passed the regulatory, concessionaire role to the ANPG. At the time, we transferred almost 600 employees to the ANPG. After that, Sonangol underwent a restructuring program where we created five core business units from 36 different entities – starting with exploration and production. We want to go public, but we want to do it properly. So, we are currently going through all the processes to do this,” stated Gaspar Martins.

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

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