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Start-up competition She Loves Tech Hackathon comes to Africa

Coding school WeThinkCode_ and female entrepreneur network OYA Venture are bringing the world’s largest startup competition, focusing on women and technology, to South Africa

Published

6 years ago

July 9, 2018

Africa News Watch

Coding school WeThinkCode_ and female entrepreneur network OYA Venture are bringing the world’s largest startup competition, focusing on women and technology, to South Africa.

She Loves Tech, which was started in 2013 by Lean In China in Beijing has quickly spread to over 14 cities across the world. This year it will be holding its inaugural African sessions, with the East African Regional held in Nairobi on July 14th and the South African Regional held in Cape Town on 3 – 4 August 2018.

Given WeThinkCode_’s network of developers and focus on training, the South Africa Regional will take on the unique format of a hackathon. During the two day event, there will be workshops focusing on how to pitch a business idea, panels of thought leaders, as well as other mentoring sessions.

During the actual women-themed hackathon, teams will be asked to focus on hacking solutions that combat youth unemployment, healthcare, or education – all problems which are deeply relevant to South Africans.

The winning team will win a trip to China for a week-long bootcamp with visits to leading Chinese tech companies and incubators, networking with investors, and cultural visits before the global finals and international conference.

Arlene Mulder of WeThinkCode_ believes the She Loves Tech initiative is a wonderful opportunity for South Africans, especially women, to showcase their innovation and talent. “South African women are strong, resilient and creative. We have the power to design solutions to create a world of possibility,” she said.

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Nigeria’s Dangote Refinery exports first fuel to Cameroon

Published

2 days ago

December 12, 2024

Ifeoluwa Dada

The Dangote Refinery in Nigeria said on Wednesday that it had exported its first petrol to Cameroon, marking a significant milestone that may help stabilise gasoline costs throughout the region and open the door for regional energy integration.

When fully operational, Nigerian billionaire Aliko Dangote’s 650,000-barrel refinery in Lagos is intended to alter the trade of refined products in the Atlantic basin and compete with refineries in Europe.

According to a statement by Neptune Oil, an energy company based in Cameroon, both businesses were looking into new projects to create a dependable supply chain that would assist in stabilising fuel costs and opportunities throughout the area.

According to Neptune Oil, there were no middlemen involved in the petrol delivery deal.

It is anticipated that the refinery’s operations will spur growth in the upstream, midstream, and downstream sectors, increasing investments in cement manufacture, plastic and rubber production, chemical and pharmaceutical goods, and oil refining.

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Egypt’s November inflation drops to 25.5%, near 2-year low

Published

3 days ago

December 11, 2024

Ifeoluwa Dada

According to figures released Tuesday by statistics agency CAPMAS, Egypt’s annual urban consumer price inflation rate fell more than anticipated to 25.5% in November, the lowest level since December 2022.

Following the Russian invasion of Ukraine, which caused international investors to pull billions of dollars out of Egyptian treasury markets, inflation started to rise sharply in early 2022.

In September 2023, headline inflation reached a record high of 38.0%. It dropped to 26.5% by October 2024.

In a Reuters survey last month, 15 economists’ consensus prediction was for annual inflation to gradually decline to 26.4%.

According to CAPMAS statistics, headline inflation decreased from 1.1% in October to 0.5% in November every month.

Compared to October, when they fell 1.1%, food costs fell 2.8% over the month, making them 23.3% more than they were a year ago.

An increase in the money supply has been a major contributor to inflation. According to central bank data, Egypt’s M2 money supply increased by 29.54% in October compared to the same month last year.