Business
African Tech Startups Net Over $6m In 2019 – Report
A news media platform focused on the world’s startup news and emerging markets, Venturburn, has reported that, in 2019, African tech startups raked in over $16million by taking part in and winning startup competitions.
In a report made available on the company’s website, the biggest cash prize went to South African insurtech startup Pineapple, which, in October, won first prize and $1.5million in VentureClash, a $5-million global venture challenge for early-stage companies, run by US-based Connecticut Innovations.
A Nigerian healthtech startup, LifeBank, which delivers blood and other essential medical supplies to hospitals, was awarded $250 000 in November, after it was named the winner of the inaugural Africa Netpreneur Prize. Egypt’s Nawah-Scientific and Water Access Rwanda were placed second and third, taking home $150, 000 and $100 000, respectively. The other seven finalists were each awarded $65,000.
Nigeria’s Hello Tractor and Kenya’s BuuPass each won $15, 000 and three month’s acceleration in Bosch Africa’s Smart Mobility competition held in November. In April, Nigerian startup Medsaf and SA startup Iyeza Health each received $10,000 from the Bill & Melinda Gates Foundation, after winning the foundation’s Malaria and Vaccine Delivery challenges, respectively.
In September, seven startups came out top at the Pitch AgriHack 2019 competition and were awarded a total of €60,000 in prizes. This year’s winners are from Nigeria, Ghana, Kenya and Uganda.
The report showed that some startups also bagged non-monetary honours in 2019. Notable among them is Swiss emerging market startup competition, Seedstars World. It selected 11 African startups, from a pool of 30 that had won pitches in their respective home town, which will represent the continent at the Seedstars Summit 2020.
Business
FEC Approves Concession Of Port Harcourt lnt’l Airport
Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
Business
PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
