Connect with us

Tech

Nigerian maritime startup OnePort 365 secures $5m seed funding to digitise freight management across Africa

Published

on

A Nigerian maritime startup, OnePort 365, has secured a $5 million seed funding to drive end-to-end digitisation of freight management in Africa and support its expansion into new markets across the continent.

According to the CEO and founder of OnePort 365, Hio Sola-Usidame, the digital freight forwarding company makes it easier for importers and exporters to move their cargo to and from Nigeria to other parts of Africa.

“OnePort 365 has developed a freight forwarding platform that enables traders to efficiently and conveniently move cargo to, from and within Africa, providing complete transparency, visibility and control, minimizing cost inefficiencies and eliminating time and effort inefficiencies resulting from traditional supply chain management methods,” Sola-Usidame said.

“With active operations in Nigeria and Ghana, the startup is building an operating system for cross-border trade in Africa, and it has now raised a US$5 million seed round to support its efforts.

“We are super excited to have these investors onboard to support our mission to optimise cross-border trading across the continent.

“With new regulations like the Africa Continental Free Trade Agreement creating the potential for a new era of trade on the continent, we want to make it easier for traders to maximise the opportunity.

“We believe managing freights should be as easy as booking a flight or ordering a ride-hailing service and we are building the operating system to make this possible,” the startup CEO said.

Takeshi Watanabe, CEO of Mobility 54 Investment SAS who facilitated the sec fund, said he was delighted to support the OnePort 365 team as it embarked on the journey of digitising the end-to-end freight management process in Africa.

“There is great potential to unlock significant commercial opportunities across the continent by addressing the longstanding challenges that have made it difficult to move freights into and around the continent, and we are confident that OnePort 365 has what it takes to succeed,” Watabnabe said.

Tech

Airtel Kenya expands 5G network to 39 counties, 285 wards

Published

on

Airtel Kenya has announced an expansion of its 5G network to 39 counties and 285 wards in the country.

The expansion, according to the giant telco company, has now doubled its 5G footprint, up from 16 counties and 180 wards in July 2023.

The company also revealed that it has increased the number of its 5G sites to 690, up from 372 when the network went live, with further plans to launch an additional 1000 sites by the end of this year, which will bring the total number of 5G sites to 1690.

While addressing journalists at a breakfast media briefing, Ashish Malhotra, Managing Director, Airtel Kenya said the rollout which is the biggest ever in Airtel Kenya’s operations, will improve indoor coverage in towns and connect rural areas and will specially focus on enhancing and deepening Airtel’s network coverage in the northeastern region of the country.

“Aw Airtel Kenya, we are steadfast in our dedication to supporting digital inclusion, and we are encouraged by the market’s response to our offerings,” Malhotra said.

“We are confident that our ongoing network expansion will enable us to extend connectivity to more communities nationwide, ensuring that no one is left behind in the digital revolution.

“In marking this milestone Airtel Kenya has rolled out the unlimited home broadband 5G plans, structured across three tiers: 10 Mbps at Kes 3,500 monthly, 20 Mbps at Kes 5,000 monthly, and 30 Mbps at Kes 6,500 monthly,” he said.

Continue Reading

Tech

Egyptian startup Potcast Productions raises funding to upscale offerings

Published

on

Potcast Production, an Egypt-based innovative company that specializes in podcast production, has announced securing an an undisclosed pre-seed funding round to help enhance its content production capabilities, scale its marketing efforts, and accelerate the development of new podcast series.

Potcast Productions which was established by entrepreneur Islam Adel in 2020, creates 15 diverse podcast programmes tailored to various target demographics, and has racked up seven million listens and over 600,000 viewing hours within the last six months.

According Adel, the pre-seed funding round comes from Innovative Media Productions (IMP), the media company behind Egypt’s Shart Tank television show, which made its first investment in Potcast Productions back in April, as well as renowned investor Ahmed Tarek Khalil.

“The funds will be used to enhance Potcast’s content production capabilities, scale up its marketing efforts, and accelerate the development of new, high-quality podcast series that cater to a diverse and growing audience,” Adel said.

“This round of investment will also support plans to produce high quality audio experiences both digitally and offline, further solidifying Potcast’s position as a leader in audio-first content production.

“The injection of funds will be directed towards enhancing Potcast’s capacity to produce high-quality content, scaling its marketing initiatives, and creating new podcast series to meet the demands of an increasingly diverse listener base.

“The investment will also support Potcast’s ambition to deliver premium audio experiences, both online and offline, thereby reinforcing its status as a pioneer in the realm of audio-first content production.

“Securing this follow-up investment from IMP and Ahmed Tarek Khalil is a testament to the hard work and dedication of our team.

“Their support validates our mission to transform podcasting in the region and propels us forward as we continue to innovate and expand our reach,” Adel said.

Continue Reading

EDITOR’S PICK

Tech5 hours ago

Airtel Kenya expands 5G network to 39 counties, 285 wards

Airtel Kenya has announced an expansion of its 5G network to 39 counties and 285 wards in the country. The...

Metro5 hours ago

Zambia: ‘Though I made mistakes, you can’t compare my tenure to Hichilema’s’ —Ex-president Lungu

Former Zambian President, Edgar Lungu, has admitted that though he made mistakes during his reign as president from 2015 to...

Sports5 hours ago

Osimhen in big trouble following outburst against Eagles coach Finidi George

Super Eagles and Napoli striker, Victor Osimhen, has found himself in big trouble with Nigerian football fans following his outburst...

Metro12 hours ago

‘Your sacrifices will not be in vain, you will smile soon,’ Tinubu assures Nigerians

President Bola Ahmed Tinubu has, once again, assured Nigerians that the hardship and pains they have been made to go...

Video15 hours ago

Video: ‘History will judge you harshly’, South Africa’s far-left opposition accuses ruling ANC

In his speech in reaction to the parliamentary coalition which brought President Cyril Ramphosa back as president, Julius Sello Malema,...

VenturesNow16 hours ago

Nigeria’s inflation increases to a record 28-year high in May

According to official figures released on Saturday, Nigeria’s annual inflation reached a record 28-year high of 33.95% in May, exacerbating...

Culture1 day ago

UK returns looted historic Ugandan artifacts on a three-year loan

The University of Cambridge in the United Kingdom has agreed to return 39 traditional Ugandan artefacts which were looted from...

Metro1 day ago

Zambia: Apex Court sets July 8 to rule on Lungu’s eligibility for elections

Zambia’s apex court, the Constitutional Court, has reserved ruling on a petition challenging the eligibility of former President Edgar Lungu...

Tech1 day ago

Egyptian startup Potcast Productions raises funding to upscale offerings

Potcast Production, an Egypt-based innovative company that specializes in podcast production, has announced securing an an undisclosed pre-seed funding round...

Sports1 day ago

Lost to Europe: Players of African descent who will light up Euro 2024

Europe’s elite football tournament tagged Euro 2024, which kicked off on Friday, will see close to 50 players of African...

Trending