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Rera.farm is best start-up in Zimbabwe

Rera, a platform that enables retail consumers to farm their own chickens and save up to 40% from buying poultry produce without having to own the infrastructure of a chicken farm was selected the best startup in Zimbabwe for its innovative sustainable solution

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Rera, a platform that enables retail consumers to farm their own chickens and save up to 40% from buying poultry produce without having to own the infrastructure of a chicken farm was selected the best startup in Zimbabwe for its innovative sustainable solution.

As a part of the prize, Rera will be participating at the Seedstars Summit, taking place in Switzerland, in April 2019. It is a weeklong training program with the opportunity to meet the 65+ winners from other fast growing economies, as well as investors and mentors from around the world. The final day of the Summit is dedicated to pitching in front of an audience of more than 1000 attendees, with the possibility of winning up to USD 1 million in equity investment and other prizes.

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The 9 startups pitched in front of a prestigious jury, including Nhena Nyagura from Dandemutande, Ethel Bangwayo from UNDP, Sharon Wekwete from Omidyar Network and Lilian Mbayiwa from Old Mutual.

Wellnescript, with its wellness and digital health startup in Africa which empowers individuals, families, companies and communities to experience more happiness and enjoy the gift of life, came second. YouFarm, a Zimbabwean company that provides collateral free funding for farmers via the YouFarm Crowd Farming Platform, allowing people to become part of the agriculture value chain by letting them invest in crops and livestock and then share the profits with the Farmer when the produce goes to market. grabbed the last spot in the top 3.

There was also a prize for the best Civic Tech startup and a Best Learner prize. The first was taken by Vote Africa , a mobile application aiming to educate, motivate and empower the electorate to fully own the electoral process and hold governments accountable and the second by Justice Today , a mobile application that protects citizens from crime and uses artificial intelligence to educate citizens on the steps to take when victimized.

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Ivory Coast aims regional shipping hub, completes $953 million container terminal

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West African country, Ivory Coast is making waves at becoming a regional shipping hub as it has completed construction of a second container terminal at its main port in Abidjan.

The project, financed by China’s Eximbank by 85% and 15% by the Ivorian state costs about 596 billion CFA francs ($953 million).

The new container terminal, called Cote d’Ivoire Terminal (CIT), started operations on Nov. 1 but was officially unveiled at a press conference on Friday. It is able to receive large ships from Asia, Europe, and America that previously had to land goods in South Africa, transferring them to smaller ships to reach West Africa.

The technical director of the terminal Andre N’Doli, remarked “we are no longer a second port. We are becoming a hub,”

“In addition to national traffic, we will handle traffic from other ports that cannot accommodate large vessels,” he told reporters.

According to official data, there has been growth in recent years in the country’s maritime sector. Ivory Coast shipped goods worth USD 12,717 million in 2019, an -8.5% dip as compared to the previous year.

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Ghana makes strong push to save currency, Cedi, orders mining companies to sell 20% stock

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As part of its many initiatives to out of its current economic challenge, Ghana has ordered all large-scale mining companies to sell 20% of their entire stock.

The gold rich country wants the companies to pay the Bank of Ghana with refined gold at their refineries from Jan. 1, 2023.

According to Vice-President, Mahamudu Bawumia said in a social media post on Friday, the government is planning a new policy where gold rather than U.S. dollar reserves will be used to buy oil products.

The move is meant to tackle dwindling foreign currency reserves coupled with the demand for dollars by oil importers, which is weakening the local cedi and increasing living costs.

“The Bank of Ghana and the Precious Minerals Marketing Company (PMMC) will coordinate with the large-scale mining companies to ensure compliance with this directive,” the vice-president said.

“The gold to be purchased by the Bank of Ghana and the PMMC will be in cedis at spot price with no discounts,” he added.

The VP further revealed that community mining schemes and licensed small-scale miners will also have to sell gold to the government.

Statista reports that gold reserves in Ghana stood at a volume of 8.74 metric tons from the first quarter of 2015 to the third quarter of 2021.

Moreover, gold mine production in the country reached a volume of 150 metric tons in 2020, an increase compared to the previous year. Ghana did not suspend its production of gold in 2020 amid the coronavirus (COVID-19) pandemic.

Ghana hinted at the Gold for payment policy in May but the continued fall to a point of being rated worst in the world demands pragmatic measures. Hopefully, the gold-for-pay policy will bring some solace.

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