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African startups get set for 3rd OceanHub accelerator programme

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OceanHub Africa, an ocean-impact accelerator which helps existing African ocean-minded initiatives grow, is launching the third edition of its eight-month acceleration program to support up to 10 of Africa’s most promising impact for-profit startups focused on preserving and restoring the health of the ocean.

The accelerator programme, according to the Cape Town, South Africa-based firm on its website, is meant to support ocean-minded start-ups with the express aim of nurturing an environmentally conscious and profitable economy that effectively mitigates the effects of global warming as well as the overexploitation and pollution of the oceans.

Leveraging its highly qualified network of stakeholders and facilitators, the programme will deliver to the accelerated start-ups an online program that seeks out sustainable pathways yielding stable profits and avenues for scalable growth throughout Africa, it said.

The OceanHub Africa which was launched in 2020, has supported a total of 16 African ocean-minded startups in various sectors of the Blue Economy, such as aquaculture, fisheries, shipbuilding, marine renewables and biotechnologies, coastal tourism and ocean sports, awareness and education, data.exploration, and ocean plastic circular economy, according to a statement by the organisers.

Participants in the programme which will run from mid-July until the end of February 2023, are guaranteed networking with of leading ocean experts, mentors entrepreneurs, investors, innovation experts, impact experts, scientists, lawyers, as well as impact investors and potential clients.

Participation in the programme is expected to be an in-person training bootcamp in Cape Town where tailored business skills, business coaching and personal development will be the main focus for the duration of the camping.

At the end of the programme, the selected startups will take part in an OceanHub Africa’s alumni programme through which they will benefit from fundraising, business development and networking support.

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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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