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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

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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.

Read Also: Rera.farm is best start-up in Zimbabwe

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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Kenya’s new president, William Ruto, walks the talk, cuts government spending by $2.5 billion

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President William Ruto of Kenya has made another bold policy decision as he instructed the finance ministry to cut 300 billion shillings ($2.5 billion) from annual government spending this year,

The newly elected president in what he referred to as “back to sanity” on Thursday.

General elections were held in Kenya on 9 August 2022. Voters elected William Ruto as the East African country’s fifth president after a close contest with a veteran contender, Raila Odinga.

The president in his first speech as president to parliament “instructed Treasury to work with ministries to find savings of 300 billion shillings in this year’s budget,”

“Next year, we will bring it further down so that, by the third year, we have a recurrent budget surplus.”

Ruto earlier this week unveiled his cabinet as he appointed former central bank governor, Njuguna Ndung’u, as finance minister as the East African country battles rising inflation, a heavy debt burden, and drought.

The government expenditure in Kenya stood at 2.07 trillion Kenyan shillings (around 17.7 billion U.S. dollars) from July 2021 to March 2022. The amount consisted of interest payments, salaries and wages, pensions, and payments for maintenance, and operations.

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Niger Republic to stop oil exportation to Mali if…

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Diplomatic issues surrounding the West African country, Mali, are yet to be over as one of its neighbours, Niger has temporarily stopped issuing authorizations for oil products to it.

Niger insisted that it would not supply to Mali if the products are meant for the United Nations peacekeeping mission there.

The government of Niger in a statement said it would also revoke authorisations that had already been issued, but did not specify any reasons for the suspension.

Until the last military incursion in Mali, the two countries have enjoined cordial relations. They share a border of 828 km (520 m) in length that runs from the tripoint with Burkina Faso in the west to the tripoint with Algeria in the east.

According to national statistics, Mali mainly imports oil products from Ivory Coast and Senegal via Togo.

While reacting to the development, Mali’s industry and commerce minister, Mohamed Ould Mahmoud, told journalists the impact of Niger’s move would be minimal.

“This could have an impact on regions in the north…but even their imports from Algeria are more important,” Mahmoud said.

In the bid to boost national stocks amid a global rise in fuel prices caused by the war in Ukraine, Nigerien government banned refined fuel exports in June.

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