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Kenyan payment platform, BudPay launches fintech hackathon with $1000 prize money

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Kenyan payment platform, BudPay has launched a fintech hackathon competition targeting tech developers looking for opportunities to showcase their coding skills, learn new technologies, and network with other developers.

The payment infrastructure company, in a statement on Saturday, said the hackathon dubbed “FINTECHATHON”, would be hosted on May 6th, 2023 from 9 am to 6 pm, at the Nairobi Game Development Centre, Diamond Plaza, with a prize money of $1000 for the winner.

“The fintech hackathon will be hosted under different themes including Payments, Money transfers, Public finances, open API, and e-commerce among others,” the statement said.

“Winning teams will also walk away with $1,000 for the 1st place, $700 for the 2nd place and $500 for the 3rd winning team.

“The fintech hackathon is for entrepreneurs interested in exploring new business ideas and partnerships, and financial professionals interested in developing new tools and technologies to improve their work and help their clients are also encouraged to apply.

“Others include designers looking to showcase their skills and collaborate with developers and entrepreneurs, students, data scientists, Innovators, and enthusiasts interested in exploring new technologies and solutions and looking for opportunities to work on exciting projects with like-minded individuals,” it added.

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RepAir, Cella partner to launch carbon capture in Kenya

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Global Direct Air Capture (DAC) firm, RepAir, has entered into a partnership with carbon storage technology company, Cella, to launch a first-of-its-kind innovative Carbon Capture and Storage venture in Kenya.

In a statement on its website on Friday, RepAir said the venture will see a replication of its “cultivating partnerships” with storage firms in Europe, U.S. and Africa.

“This storage agreement will streamline the sale of high-quality carbon credits to off-takers, enabling corporations to meet evolving ESG standards, manage offsets and advance towards net zero goals,” the statement issued by RePAir CEO, Amir Amir Shiner, stated.

“Our solution sets a new standard, requiring only 600 kWh per ton of CO2 captured, marking the lowest energy consumption on the market.

“This agreement is perfectly aligned with the launch of our commercial demonstrator in 2025, empowering RepAir to offer high-quality carbon credits to our customers.

“It will see to the establishment of a storage partnership with Cella aimed at creating dedicated value chains for extracting CO2 from the atmosphere and permanently storing it underground through in-situ mineralization.

Corey Pattison, CEO, Cella, who also issued a statement on the partnership, said “by partnering with Cella at our first demonstration site, RepAir can capitalize on two critical resources: the potential for truly permanent, highly verifiable carbon storage via mineralization combined with Kenya’s abundant renewable energy sources.

“Together these resources provide a comprehensive solution for capturing and storing CO2 for off-takers. This collaboration represents an extraordinary opportunity to nurture mutual growth.”

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Intel Liftoff Hackathon 2024 calls for applications from African AI startups

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Applications for the 2024 cohort of Intel Liftoff Hackathon has opened for African AI startups designed to bring together aspiring tech entrepreneurs, software developers, and AI enthusiasts to collaborate, innovate, and create solutions to concrete African challenges.

In its second edition, the hackathon welcomes pioneering early-stage AI startup teams from the African continent, delving into experiments with LLM technology, a statement on the website of the organiser stated.

It added that the Intel Liftoff Hackathon for African AI Startups, which will be held online on May 27-31, is themed “Hack and Connect”, and will take place in partnership with Modus Africa, University Mohamed VI Polytechnic, Morocco

Other partners include TUT Hub of Artificial Intelligence Institute of South Africa, Prosper Africa, UM6P Ventures, FAST Accelerator, Innov8 Technology Hubs, and Open Startups International.

“The hackathon will feature hands-on workshops that will allow learning of AI essentials; three days of challenges with mentors to test skills; exhibition opportunities to showcase startups and forge partnerships with industry leaders; and networking opportunities to engage with fellow startups and gain insights from domain experts in the AI ecosystem,” the statement said.

“Winners will be invited to join the Intel Liftoff for Startups programme, and receive unique mentoring sessions with ecosystem partners and marketing opportunities with blog articles,” it concluded.

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