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Here are the 8 startups selected for the 2018 VC4A Venture Showcase

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VC4A has announced the 8 ventures selected for the 2018 VC4A Venture Showcase – Series A from industries like agriculture, healthcare, housing, transportation, and finance.

The entrepreneurs leading these companies will showcase their business in front of investors during the Africa Early Stage Investor Summit in Cape Town, November 11-12, with the aim of raising $250k – $5m in series A capital. All companies provide a technology-intensive or innovation-based product or service that is currently available in one or more African markets.

AgroCenta – Ghana

AgroCenta is an innovative online platform that empowers smallholder farmers and farmer-based organizations in rural farming communities to access a wider online market to trade fairly and equitably.

Fibre Lifestyle Inc – Nigeria

Fibre is the easiest way to find and pay for rental homes in Nigeria. By partnering with landlords around the country Fibre offers their homes to verified tenants looking to rent.

Gebeya Inc– Ethiopia

Gebeya is a fast and secure online marketplace that connects top African IT experts with businesses seeking to develop new technology solutions.

GoMetro – South Africa

GoMetro allows any business or company to design and implement a managed transport service. The flexible cloud-based technology makes transport planning, tracking, paying and reporting much easier.

Read also: Apple is first public company worth $1 trillion

Invoiceworx – South Africa

Invoiceworx is a working capital financing company aiming to provide access to inventory and purchase order of financing for small businesses.

Nawah-Scientific – Egypt

Nawah-Scientific is the first, private, multidisciplinary research center and platform in Egypt catering for natural and medical sciences.

Piggybank – Nigeria

Piggybank is a simple service that helps millennials curb their spending habits while improving their savings culture by automating deposits periodically, daily, weekly or monthly to reach a specific savings target.

Shezlong – Egypt

Shezlong is an online mental health platform that allows patients to connected with licensed therapists via video call on mobile devices or the web.

Over the next weeks, the selected start-ups will be linked to the top VC investors as mentors and receive access to the bespoke curriculum before the 1-week residency in Cape Town, South Africa. During the residency, the startups will have the opportunity to interact with and learn from their mentors, peers, and partners, before delivering their pitch on the main stage of the Africa Early Stage Investor Summit.

The program offers two days of networking opportunities at the Summit and where entrepreneurs will also engage with interested investors during their deep-dive sessions. Moreover, the participants will pitch to a wider audience of corporates, investors and tech professionals at VC4A partner events AfricaCom and AfricArena.

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DR Congo sues tech giant Apple over illegal mineral exploitation

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The Democratic Republic of Congo (DRC), has filed a criminal case against the European subsidiaries of tech giant, Apple, accusing them of illegal mineral exploitation and allegedly using “blood minerals” in its supply chain.

In the suit filed on Tuesday, the DRC alleges that Apple has bought contraband supplies from the country’s conflict-ladden east and Rwanda, zones in which it allege the materials are mined illegally and then integrated into global supply chains before ending up in tech devices.

The DRC suit specifically mentioned Apple subsidiaries in France and Belgium, accusing the tech giant of using conflict minerals in its supply chain.

The DRC is a major source of tin, tantalum, and tungsten which are used in electronic devices, with some mines controlled by armed groups responsible for human rights violations.

International lawyers representing the African country’s government have accused Apple’s local subsidiaries of taking these minerals from conflict areas and laundering them through international supply chains, with one lawyer telling journalists that Belgium had a moral duty to act given its history of exploiting the country’s resources under colonial rule.

However, in its response, Apple claims it conducts supplier audits and does not directly source primary minerals.

https://www.thenews.com.pk/print/1262670-dr-congo-sues-apple-over-alleged-illegal-mineral-exploitation

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Moroccan retail-tech startup Z raises $1.5m to drive intense growth

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Morocco-based B2B retail-tech marketplace, ZSystems, has announced closing a $1.5 million seed funding round which will see it carry out its ambitious expansion dreams.

In a statement by co-founder and CEO, Meriem Benabad, the funding round was led by Morocco-based Venture Capital firms, MNF Ventures (through its MNF II fund), Witamax (through Fund II and III), Cash Plus Ventures, and Kalys Ventures.

“This funding marks a pivotal moment for Z, as we aim to scale operations and bring cutting-edge solutions to traditional retail.

“Our vision is to empower small businesses and unlock growth across Morocco and Africa,” Benabad said.

According to Benabad, the newly acquired capital will support Z’s technology development, product catalogue expansion, and preparation for its next growth phase.

“Z is reshaping the retail landscape by integrating technology and innovation across the value chain. Its scalable platform empowers traditional retailers and brands with direct access to consumers, reviving competitiveness in traditional trade (hanouts), which accounts for 85% of the FMCG market,” he added.

Founded in 2022 by the trio of Benabad, Samer Choumar and Youssef Ait-Haddouch, Z’s platform empowers traditional retailers and brands with direct access to consumers, reviving competitiveness in traditional trade (hanouts), which accounts for 85% of the FMCG market.

Since launch, the startup has helped over 15,000 active retailers, and seen more than 800,000 orders placed.

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