Startup Ada Animation secures pre-seed funding from Unicorn Group to enable growth & expansion

KENYA – Ada Animation, an entertainment tech company, has announced a pre-seed capital raise from Nigerian venture capital firm Platform Capital through its technology firm Unicorn Group. The investment is set to elevate entertainment companies in Africa as potential partners in the VC investments realm. Founded in 2020, Ada Animation was born out of the desire to build capacity in the animation industry, tell animated African stories and catalyze the animation industry for growth. The company produces content in 2D and 3D animation, motion graphics, whiteboard animation, VFX, content creation, character design, voiceovers,…

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Tech company Huawei appoints Terry HE as President for Northern Africa

NORTH AFRICA – Huawei, a multinational technology company, has announced the appointment of Terry HE as President of Huawei Northern Africa to strengthening Huawei’s investment in digital infrastructure and training of young talent in Africa. In this role, he will be responsible for coordinating the group’s overall operations in the 28 African countries in the region. With his dynamic approach, participatory leadership, managerial skills and constant drive for efficiency, his appointment marks an important milestone for the group as African stakeholders look to meet the challenge of the fourth industrial…

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Digital tech startup Damanesign raises US$450,000 funding to improve its operation

MOROCCO – Damanesign, a Morocco-based digital trust solutions startup, has successfully raised MAD4 million (US$450,000) in funds led by Maroc Numeric Fund II to improve its digital products and develop its operations. Founded in 2021 by Zouhair Hamdaoui, Damanesign is a startup that is seizing new legislation opportunities on digital trust in Morocco to provide users with the utmost safety in the documentation. Damanesign provides electronic signatures, seals, and timestamps allowing users to sign and have documents signed in total security while guaranteeing their probative value. Damanesign also offers advanced…

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RegTech company Trulioo extends biometric ID verification to Kenya

KENYA – Trulioo, electronic identity and address verification company has announced its entry into the Kenyan market thus expanding its list of African countries supported by GlobalGateway, the market-leading global identity verification platform. Trulioo is a global identity and business verification company that provides secure access to reliable, independent and trusted data sources worldwide to instantly verify consumers and business entities online. It’s bank-grade online verification platform, GlobalGateway, helps organizations comply with Anti-Money Laundering (AML) and Customer Due Diligence (CDD) requirements by automating Know Your Customer (KYC) and Know Your Business (KYB)…

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Esri partners Ibn Zohr University for development of new technologies

MOROCCO – Esri, the global player in location intelligence, has entered into a memorandum of understanding (MOU) with Ibn Zohr University in Agadir, Morocco. The agreement enables the university to use Esri solutions in the development of new technologies for monitoring desertification, climate change, sustainable development goal progress, oceanography, mining, architecture, and urbanization. The MOU was announced by Bendou, along with Hassan Moussaria, CEO of Geomatic Group, the Moroccan distributor that represented Esri in the agreement. “The goal of this new collaboration is to foster a good quality of education,…

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Rockwell Automation launches its first ever training centre in Egypt

EGYPT – Rockwell Automation, an American provider of industrial automation and information technology, has announced the opening of its first ever training centre in Egypt. Dedicated to supporting the country’s high industrial demand, the new learning centre for system integrators and OEM will enable the full capabilities of Rockwell Automation for its customers and partners in Egypt. “The industrial skills gap is putting pressure on the manufacturing workforce like never before. Our learning centres are designed to ensure that every customer has the necessary training and knowledge to maximize long-term…

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Venture capital Mobility 54 invests in telematics insurance company AiCare

KENYA – Toyota Tsusho Corporation and its group company CFAO SAS is investing in AiCare Group Inc., a provider of telematics insurance system for insurance companies in Kenya. The investment will be engaged by Mobility 54 Investment SAS (“Mobility 54”), a corporate venture capital subsidiary of Toyota Tsusho group which was jointly established in October 2019, through the convertible notes investment. In Kenya, it is compulsory for every car-owner to subscribe motor insurances, and approximately 3 million vehicles are insured today, and insurance premium rates are generally determined based on…

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Huawei launches IdeaHub series products in partnership with TD Africa

AFRICA – Huawei, a multinational technology company, has partnered with TD Africa to unveil the IdeaHub series products, a cutting-edge solution targeting the enterprise market. The Huawei IdeaHub series is an intelligent endpoint, which integrates multiple functions, including multi-screen collaboration between mobiles and PCs, interactive whiteboard, remote collaboration, FHD video conferencing and built-in HD AppGallery. Furthermore, the IdeaHub is a brand-new productivity tool designed by Huawei to create an all-scenario smart office. It aims to bring digital to every meeting room and open office, promoting office and production efficiency for…

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Amitruck: Connecting Cargo Owners Directly With Truckers To Facilitate Trade

Amitruck, a Kenyan based start-up is betting on transparency and trust to build the next big logistics solutions provider in a market that is projected to grow exponentially in the next decade. We had a discussion with the company’s CEO and Founder Mark Mwangi on the company’s journey and future prospects.

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IT solutions provider EOH agrees to sell its subsidiary Sybrin for US$24.7m to clear debt

SOUTH AFRICA – Business and IT solutions provider EOH Holdings, has announced the sale of its  subsidiary Sybrin for a cash consideration of US$24.7 million to pay down debt. The business, which currently sits under EOH Mthombo, is being bought by a black-controlled consortium called K2020893770 for cash. The consortium is made up of One Thousand & One Voices Management (Mauritius) and Crossfin Technology Holdings and their black economic empowerment partners led by Isaac Mophatlane, the co-founder of Business Connexion, now BCX with his late brother Benjamin Mophatlane. One Thousand…

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