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It’s a Wrap for Cohort 2 of the Telecel Group Africa Startup Initiative Program (ASIP) Accelerator

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The event took place on 6 July 2022 at Hotel Terrou Bi in Dakar, Senegal, and representatives from key partners, investment funds, government officials and ecosystem supporters were in attendance

CAPE TOWN, South Africa, July 6, 2022/APO Group/ — 

In 2022, the global tech ecosystem has been plagued with uncertainties and what seems like a funding regression. The African ecosystem has grown against this tide and African startups raised more than double what they did last year. The success of earlier-stage businesses is unprecedented! According to Africa: The Big Deal’s (https://bit.ly/3IgZxUY) Max Cuvellier, startups in Africa are breaking new records every month so far in 2022!

This is one of the reasons why Demo Day for the Telecel Group (http://TelecelGroup.com) Africa Startup Initiative Program (ASIP) (http://ASIProgram.com), powered by leading tech accelerator, Startupbootcamp (SBC) AfriTech (https://bit.ly/2SxNwkd) was a resounding success. For the top eleven startups selected from a pool of over 2,500 applications, the day represented the culmination of three months of hard work, great effort, and the promise of a bigger future.

The event took place on 6 July 2022 at Hotel Terrou Bi in Dakar, Senegal, and representatives from key partners, investment funds, government officials and ecosystem supporters were in attendance. Speaking at the event, the Minister in charge of the General Delegation for the Rapid Entrepreneurship of Women and Youth (DER/FJ) (https://DER.sn/), Mama Aby Seye said,

“Senegal has the honor of hosting for 3 months 11 startups in acceleration on the Dhub innovation platform housed at DER/FJ. They are among the most promising of the continent. This is a strong signal for all African startups in search of an environment conducive to supporting their expansion. Telecel Group, Startupbootcamp, and DER/FJ are joining forces to create this environment through the ASIP program, to source and support the highest potential African startups to scale. I am delighted with the quality of the talented entrepreneurs accompanied on this cohort and I invite those interested in the program to apply for the 2 upcoming cohorts.”

DER/FJ’s (https://DER.sn) innovation space, which was commissioned by the President of Senegal, His Excellency Macky Sall, the DHub also acted as a campus for Cohort 2, and this led to collaboration and pilots facilitated by the government entity.

Speaking on a successful Cohort 2, The Startupbootcamp Program Manager Henry Ojuor had this to say; “This cohort was made up of a diverse group that was working in major developmental sectors that include Agriculture, Insurance, health, education, and sustainability. This demonstrates the dynamism of the African Tech Ecosystem as well as the increasing sophistication of solutions built by and for the African market. We’re immensely proud & honored to have been a part of the journey of our incredible startups and we also continue to stand proud in our methodology and process.”

Telecel Group also announced the launch of their pan-African customer-centric mobile application, “Telecel Play” at the event.

Speaking to this, Telecel Play Stephane Dine said, “Telecel Play is the only social marketplace where consumers also make money with their community. This super-app, which also includes a chat and a wallet, has been specially designed to allow you to sell and buy alone or in a group easily and quickly. This application will be launched in the B2B model by the end of the year, then will be open to consumers early next year in several African countries.”

Telecel Group reinforced its unwavering support for the development of startups in Africa and played a crucial role in assisting the top 11 in their proof of concepts and pilots.

ASIP Director Eleanor Azar had this to say:

Telecel Group reinforced its unwavering support for the development of startups in Africa and played a crucial role in assisting the top 11 in their proof of concepts and pilots

“Telecel Group Africa Startup Initiative Program is as proud of the graduates of Cohort 2 as the alumni of cohort 1, we seem to continuously find the best businesses who will help shape the future. Current developments in technology are changing the way we live, communicate, and do business, thus disrupting traditional industries and redefining work relationships; Startups coming out of the Telecel Group ASIP program powered by SBC AfriTech have been introduced to the forward-thinking methods which will equip them with the new skill sets required for the 21st Century”.

“Senegal has been a game-changer for eCampus (https://eCampus.camp),” says CEO Cecil Nutakor. With the assistance of Telecel Group, the AI-powered platform designed to monitor educational performance has managed to launch in Senegal and is thriving in Ghana.

Africa’s health care sector has been a cause for concern for decades and Neural Labs (https://bit.ly/3ynZDFO) spent the 12 weeks of the program in Dakar and Neural Labs managed to partner with the Ministry of Health to perform clinical trials in Senegal. The startup also received a $50,000 equity-free grant from UNICEF and was accepted into General Electric’s Eddison Program.

Agri-tech Agrodata received a donation for the fabrication and installation of 200 iSmarthives. “Telecel Group ASIP and Startupbootcamp AfriTech helped us to spread the word about our innovations and because of the publicity, we managed to get multiple partners to help us optimize farmlands with the iSmartHive to use honeybees as pollinators,” says CEO Olumide Ogubanjo.

Since joining the ASIP program, financial inclusion through investment startup Crowdyvest (www.Crowdyvest.com) managed to add an important feature to their value proposition. “With the help of ASIP, we will be able to add software as a service feature to our product offering, says CEO Tope Omotolani.” This means more people on the continent will have access to our products.

Ronald Mugaiga CEO at Ecomak Recyclers (www.EcomakRecyclers.com) cherishes the deep dives that the team took into his startup, and he believes fine-tuning his business model is the reason that they were selected to join the Africa Summit 2022.

For Senegalese transport startup Parcsmart (bit.ly/3In1I9p), the program illuminated the key factors in their unique selling proposition. The team won the GITEX North Star Dubai and was selected for the Google for Startups SDG program.

Rural Farmers Hub (https://RuralFarmersHub.com) managed to close a pre-seed round of $500,000. These funds will further advance the use of web and mobile-based technology to increase agricultural productivity in Nigeria, Burkina Faso, Zimbabwe, and other countries that Segun Adegun, Gabriel Eze, and team intend to penetrate in the next few years.

Insure-tech startup Vooli (https://bit.ly/3NGJPDG) managed to get pre-qualified for 5 country government contracts and they also onboarded 30 underwriting companies. The app uses valuation API technology to evaluate premiums for insurance companies and uses information processing to create the most cost-effective and efficient insurance coverage.

Nigerian startup Powerstove (https://Powerstove.com.ng) won the GSMA Innovation Fund and has made progress with a 500,000 Accredited certification program which will soon make them the biggest Carbon Credit Buying player & one of the biggest sustainability players in Africa. The startup’s patented innovative IoT-enabled smokeless stove that reduces energy costs and CHG emissions received a much-needed boost, helping them scale.

With the help of Telecel Group ASIP and Startupbootcamp, AfriTech, Edtech startup Qataloog (https://Qataloog.com) has begun an ambitious entry into Francophone Africa, especially Senegal where students are able to access digital libraries and avoid the continuously rising costs of physical textbooks. They’ve secured major partnerships with regional universities and have become a reason for excitement amongst local researchers, authors & publishers who see the value in helping their books get massive visibility & patronage via digital libraries across Africa on the Qataloog Platform. The market-maker for academic literature for students at colleges and universities has 38 universities and colleges as paying customers and they have also onboarded more than 2,800 academic publishers.

B2B eCommerce platform Proxalys (www.Proxalys.net) has scaled into Congo in addition to Senegal. The startup won the first prize at the Free au Senegal #FixChallenge pitch event.

In his closing remarks, SBC AfriTech CEO and Co-Founder, Philip Kiracofe said: “We are incredibly proud of this cohort and how their products and services will improve our lives. These founders are delivering solutions in their local communities and scaling across Africa.

Distributed by APO Group on behalf of Startupbootcamp AfriTech.

Energy

U.S.-Africa Energy & Minerals Forum Expands to Critical Minerals and Supply Chain Security

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Africa

This year’s U.S.-Africa Energy & Minerals Forum in Houston signals a strategic shift toward integrated energy and critical minerals investment, strengthening U.S. partnerships across Africa’s resource and industrial value chains

HOUSTON, United States of America, February 26, 2026/APO Group/ –The U.S.-Africa Energy & Minerals Forum (USAEMF) has relaunched with a dedicated focus on critical minerals, marking an important evolution in its role as a platform for U.S.-Africa commercial engagement. Building on its foundation in energy, power and industrial projects, the forum’s expanded scope positions it at the center of investment conversations shaping the future energy economy.

 

Scheduled for July 21–22, 2026, in Houston, Texas, USAEMF comes at a time of surging global demand for copper, cobalt, lithium, manganese and rare earth elements, driven by electrification, battery storage, AI infrastructure and advanced manufacturing. Africa is increasingly critical to securing these materials, highlighting how energy and minerals are now interconnected pillars of industrial growth, geopolitical stability and decarbonization.

The forum’s minerals mandate deepens engagement with African producers – particularly the Democratic Republic of Congo (DRC), home to some of the world’s largest copper and cobalt reserves. Momentum is building through the U.S.–DRC strategic minerals framework and the U.S.-backed Orion Critical Mineral Consortium, a major investment platform supported by the DFC and private partners. The consortium is pursuing a 40% stake in the Mutanda and Kamoto copper-cobalt operations in a $9 billion transaction, securing long-term supply for allied markets while reinforcing cooperation on infrastructure, security and supply-chain governance.

Placing critical minerals at the center while maintaining strong hydrocarbons engagement strengthens U.S.-Africa commercial ties

U.S. financing is also expanding across the region, with the DFC managing a continental portfolio exceeding $13 billion to support mining, processing and transport infrastructure for critical mineral supply chains. Recent commitments include rare earth, graphite and potash projects in Malawi, Mozambique and Gabon; broader investments in Uganda, Tanzania, Zambia and South Africa; and $553 million linked to the development of the Lobito Corridor. The DFC is also a major backer of TechMet, a U.S.-supported investment firm valued at over $1 billion, which is raising up to $200 million to expand copper, cobalt, lithium and rare earth assets and pursue new opportunities across the DRC and Zambia. Together, these initiatives underscore Washington’s push to diversify battery-mineral supply while positioning Africa as a long-term partner in clean energy and industrial value chains.

Houston’s role as host city reflects the alignment between American industrial capacity and African resource development. Long established as a global energy hub, the city is expanding into energy transition technologies, advanced materials, carbon management and industrial innovation. By convening African governments with U.S. private equity, development finance institutions, exporters, insurers and technical service providers, the forum creates a commercial platform capable of converting mineral potential into bankable projects.

“The evolution from USAEF to USAEMF reflects a broader shift toward integrated energy and mineral development,” states Nadine Levin, Portfolio Director at Energy Capital & Power, forum organizers. “Placing critical minerals at the center while maintaining strong hydrocarbons engagement strengthens U.S.-Africa commercial ties and advances projects that deliver long-term shared value.”

While critical minerals define the forum’s strategic expansion, the U.S.’ longstanding role in Africa’s energy sector remains central to the platform’s value proposition. American energy companies continue to advance exploration and development across key upstream markets, support gas monetization in the Gulf of Guinea and revitalize mature production in North Africa. U.S. export credit and development finance are also helping unlock large-scale LNG capacity in Mozambique while supporting optimization and expansion across existing gas infrastructure in West Africa – demonstrating how American capital, engineering expertise and risk-mitigation tools convert resource potential into delivered energy systems.

USAEMF is the leading platform connecting U.S. capital and technical expertise with Africa’s energy and minerals sectors. For more information or to participate at the upcoming forum, please contact sales@energycapitalpower.com

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

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Pesalink and Pan-African Payment and Settlement System (PAPSS) Unlock Cross-Border Payments in Local Currencies in Kenya

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Pesalink

The Pesalink–PAPSS partnership will reduce costs, speed up settlements, and help individuals, SMEs and businesses send money more efficiently across borders

NAIROBI, Kenya, February 26, 2026/APO Group/ —

  • Instant 24/7 bank-to-bank transfers across African borders in local currencies.
  • Simpler cross-border payments for individuals, businesses, and SMEs.
  • 80 plus Pesalink network participants now linked to 160 plus PAPSS participating banks.

 

Pesalink, Kenya’s de facto instant payment network, has partnered with the Pan-African Payment and Settlement System (PAPSS) to ease cross-border payment and speed up regional financial integration.

 

The partnership enables instant 24/7 cross-border payments from PAPSS participants into banks and mobile money operators within the Pesalink network in Kenya, all settled in local currencies. This reduces complex correspondent banking requirements and reliance on foreign reserve currencies.

 

Kenyan banks will now be able to offer faster, cheaper cross-border payments

PAPSS, an initiative of the African Export-Import Bank (Afreximbank) in collaboration with the African Union and the AfCFTA Secretariat, enables cross-border payments between African countries. Pesalink is now a Technical Connectivity Provider. It means that 80 plus Kenyan bank, fintech, SACCO and telco participants on the Pesalink network will be connected to 160 plus commercial banks and fintechs on the PAPSS platform.

 

Cross-border payments remain expensive and slow for many African businesses. The 2023 (http://apo-opa.co/4baDSh7) World Bank Remittance Prices report indicates that sending money across African borders incurs on average 7-8% of the total value sent (above the global average of 6–7%). Settlement can also take three to seven business days.

 

The Pesalink–PAPSS partnership will reduce costs, speed up settlements, and help individuals, SMEs and businesses send money more efficiently across borders.

 

Speaking during the partnership signing held at Pesalink offices in Nairobi, PAPSS CEO Mike Ogbalu III said, “For PAPSS to deliver true impact, collaboration with national and private switches like Pesalink is essential. Pesalink is the first switch we’ve piloted for transaction termination in Kenya, and we are already seeing greater adoption by opening more channels for seamless, local-currency cross-border payments across Africa.”

 

Pesalink CEO, Gituku Kirika, said “Kenyan banks will now be able to offer faster, cheaper cross-border payments. They will be helping their customers grow more regional trading relationships and thrive in a more integrated digital economy.”

Distributed by APO Group on behalf of Afreximbank.

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Africa Trade Conference Returns to Cape Town with Esteemed Speakers Driving Africa’s Trade Agenda

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Africa

Second edition convenes global policymakers, business leaders, and innovators to accelerate Africa’s integration into global trade

CAPE TOWN, South Africa, February 26, 2026/APO Group/ –Access Bank Plc (www.AccessBankPLC.com) is proud to announce the distinguished line-up of speakers for the second edition of the Africa Trade Conference (ATC 2026), scheduled to take place on March 11, 2026, at the Cape Town International Convention Centre, Cape Town, South Africa. Building on the strong foundation of its inaugural edition, ATC 2026 will convene an exceptional assembly of global and African leaders, policymakers, investors, and business executives committed to shaping the future of trade on the continent.

The Africa Trade Conference has rapidly emerged as a premier platform for advancing dialogue and action around Africa’s evolving role in global commerce. The 2026 edition will feature influential voices from across finance, government, development institutions, and the private sector, who will share insights on unlocking trade opportunities, strengthening intra-African commerce, enabling business expansion, and positioning African enterprises for global competitiveness.

The confirmed speakers represent a powerful cross-section of leaders driving Africa’s economic transformation.

Building on the momentum of its maiden edition, which convened senior decision-makers from 28 countries, the 2026 conference with the theme “Turning Vision into Velocity: Building Africa’s Trade Ecosystem for Real-World Impact”, will have the keynote address delivered by Kennedy Mbekeani, Director General, Southern Africa Region, African Development Bank (AfDB), alongside Kwabena Ayirebi, Managing Director, Banking Operations at the African Export-Import Bank. Their joint keynote will address the evolving financing landscape for African trade and the strategic pathways for unlocking continental prosperity.

The welcome address will be delivered by Roosevelt Ogbonna, CEO/GMD, Access Bank Plc, who will set the tone for discussions centered on trade transformation, financial inclusion, and regional competitiveness, while Tolu Oyekan, Managing Director & Partner at Boston Consulting Group, will deliver insights on “Africa Trade Outlook 2026”, examining emerging macroeconomic trends, supply chain shifts, and growth opportunities across key sectors.  The CEO of Pan-African Payment and Settlement System, Mike Ogbalu, will be engaging the conference participants on the topic, “Building a Connected Africa Through Trade, Payments & Technology”, focusing on how payment interoperability and digital infrastructure can accelerate the African Continental Free Trade Area (AfCFTA) agenda.

The calibre of speakers confirmed for this year’s conference underscores the urgency and opportunity before us

The conference will also host a High-Level Ministerial Panel that features Elizabeth Ofosu-Adjare, the Minister for Trade, Agribusiness & Industry, Ghana; Tiroeaone Ntsima, Minister of Trade and Entrepreneurship, Botswana; Mr. Florian Witt, Divisional Head, International & Corporate Banking Oddo-BHF, Ms. Nathalie Louat – Global Director, International Finance Corporation (IFC), Dr Isaiah Rathumba – Head of Department, Limpopo Economic Development, Environment and Tourism and Mr. Alfred Idialu – Chief Rep Officer, Deutsche Bank among other policymakers shaping trade policy across the continent.

Commenting on the announcement, Roosevelt Ogbonna, Managing Director/Chief Executive Officer of Access Bank Plc, said:
“The Africa Trade Conference reflects our unwavering commitment to advancing Africa’s economic transformation by creating a platform that brings together the leaders, institutions, and ideas shaping the future of trade. The calibre of speakers confirmed for this year’s conference underscores the urgency and opportunity before us. Africa is not only participating in global trade, it is helping to redefine it. Through this convening, we aim to catalyse partnerships, unlock new opportunities for businesses, and accelerate Africa’s integration into global value chains.”

“At Access Bank, we see ourselves not just as financiers, but as connectors of markets, ideas, and opportunities. Our role is to help African businesses move from ambition to impact, from local relevance to global competitiveness.”

With operations in 24 countries globally, including 16 across Africa, Access Bank’s expansive footprint places it in a unique position to facilitate cross-border trade, unlock regional value chains, and simplify the complexities of doing business across markets.

“Our presence across Africa and key global corridors gives us a front-row seat to the realities of trade. It also gives us the responsibility to design solutions that are inclusive, scalable, and future facing. ATC 2026 is part of that commitment, Ogbonna added.

ATC 2026 is expected to catalyze partnerships, enable policy dialogue, and provide actionable strategies for businesses operating within and beyond the continent.

The Access Bank Chief puts it thus, “Africa will not be a spectator in the remaking of global trade. We will be one of its architects. ATC 2026 is where those blueprints will be drawn.”

For more information and registration, please visit https://apo-opa.co/4sdXWF7

Distributed by APO Group on behalf of Access Bank PLC.

 

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