Connect with us

Tech

Kenyan bitcoin startup, Gridless, secures $2m seed funding for expansion

Published

on

Kenyan bitcoin mining startup, Gridless, has successfully secured a $2 million seed funding to support its plans to expand its bitcoin mines beyond East Africa to the rest of the continent.

Making the announcement on Saturday in a statement, the Chief Executive Officer of Gridless, Erik Hersman, said the company’s aim is to “serve as the anchor tenant, financing the construction and managing the operation of data centres in rural communities where traditional industrial or commercial customers are not available.”

Founded in early 2022 by a team comprising of Hersman and a couple of “veterans of the connectivity, infrastructure and software space in East Africa,” Gridless designs, builds, and operates bitcoin mining sites alongside small-scale renewable energy producers in rural Africa where excess energy is not utilised.

Gridless’s aim is to serve the needs of energy producers in Africa as they seek to electrify the continent and create more affordable power for people in rural communities,” the CEO said.

“Africa needs affordable electricity. Our work in supporting renewable energy mini grid developers fills a gap, helping developers expand faster, be more sustainable, and serve thousands of households.

“This investment, and the high calibre of partners that are coming alongside us, means that we can accelerate our rollout knowing that we have both the capital and strategic support required,” he added.

Tech

DR Congo sues tech giant Apple over illegal mineral exploitation

Published

on

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

Continue Reading

Tech

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

Published

on

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.

Continue Reading

EDITOR’S PICK

Politics10 minutes ago

Ghana: President-elect Mahama appoints anti-corruption team

According to a statement released by his transition team on Wednesday, Ghana’s President-elect, John Dramani Mahama, has designated an anti-corruption...

Metro1 hour ago

Nigerian woman trafficked to Iraq cries out for help, begs to return home

A young Nigerian lady identified as Odunayo Eniola Isaac, who is a victim of human trafficking, has cried out for...

Tech17 hours ago

DR Congo sues tech giant Apple over illegal mineral exploitation

The Democratic Republic of Congo (DRC), has filed a criminal case against the European subsidiaries of tech giant, Apple, accusing...

Culture17 hours ago

UNESCO lists Ghana’s Kente cloth as cultural heritage

The iconic Ghanaian Kente, a piece of clothing, has been recognized as a cultural heritage on UNESCO’s Representative List of...

Metro17 hours ago

Zambia: FOX report highlights persistent media harassment, calls for reforms

A new Freedom of Expression (FOX) report by the Media Institute for Southern Africa (MISA) Zambia, has raised concerns over...

Politics22 hours ago

Egyptian court upholds ex-presidential candidate Ahmed Tantawy’s sentence

Former presidential candidate, Ahmed Tantawy, and his campaign manager, Mohamed Abou El-Diar, were found guilty of faking election paperwork, and...

Politics23 hours ago

Court orders Uganda to compensate LRA war crimes victims

Uganda’s tribunal has ordered the government to pay up to 10 million Ugandan shillings ($2,740) to each victim of Lord’s...

Metro1 day ago

Nigeria: 614,937 killed, 2.2m abducted in 1 year— Report

A new report released on Tuesday by the National Bureau of Statistics (NBS) has revealed that over 614,937 Nigerians were...

Musings From Abroad1 day ago

Seeking to expand ties in Africa, Indonesia’s Prabowo attends D-8 economic meeting in Egypt

According to the government, Indonesian President, Prabowo Subianto, travelled to Egypt on Tuesday to attend meetings of the D-8 Organisation...

Politics1 day ago

M23 Angola peace talks break down as Congo, Rwanda dash hopes

Hopes of an agreement to end Congo’s M23 rebel conflict, which has displaced over 1.9 million people, were dashed when...

Trending