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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

Published

6 years ago

July 3, 2018

Africa News Watch

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.

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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3 years after, Nigeria’s Belemaoil restarts Oil Lease 55

Published

3 hours ago

October 15, 2024

Ifeoluwa Dada

Following a three-year hiatus due to theft-related damage to the plant, Nigerian independent producer, Belemaoil Producing, has reopened operations at its oil block on Oil Mining Lease 55, the company announced on Monday.

In February 2015, Belemaoil purchased OML 55 from Chevron Corp. OML 55 is situated in a marsh to shallow water area, approximately 40 kilometres west of the Bonny oil export facility.

According to a statement by a Belemaoil representative, widespread oil theft from OML 55’s delivery line to the Bonny terminal forced the closure of the facility in 2021.

The block has five oilfields, which provide more than 70 million standard cubic feet of petrol per day and around 14,000 barrels per day, according to the business.

An official stated that the first floating oil storage vessel arrived at OML 55 on October 6th, signalling “a major milestone in the company’s efforts to restart production”.

Nigeria, the largest oil producer in Africa, is attempting to increase its crude production, which has decreased recently as a result of widespread theft and sabotage, which drove oil majors to abandon onshore drilling in favour of deepwater production.

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Kenya permits JPMorgan Chase to open representative office

Published

4 hours ago

October 15, 2024

Ifeoluwa Dada

The central bank of Kenya announced on Monday that JPMorgan Chase (JPM.N) had been permitted to create a new tab and open a representative office in the East African nation.

According to a statement from the Central Bank of Kenya, representative offices of foreign banks in Kenya act as hubs for marketing and communication for their parent banks and affiliates.

The announcement further stated that the JPMorgan Chase representative office will help to diversify Kenya’s banking industry and encourage trade and investment.

In an effort by the largest United States lender to grow on the continent, Jamie Dimon, the CEO of JPMorgan Chase, is scheduled to visit Africa in mid-October, according to a report published by Reuters last month, which cited four people with knowledge of the situation.

Within the next three years, the bank intends to renovate 1,700 existing branches and open 500 new ones. According to J.P. Morgan’s most recent financial report, as of the end of the second quarter of 2024, the bank had 4,884 branches.