Connect with us

Tech

African climate-tech startup, Amini announces raising $2m in pre-seed funding

Published

on

African climate-tech startup, Amini has announced raising $2 million in pre-seed funding aimed
at solving the continent’s environmental data gap through Artificial Intelligence and satellite technology.

The funding was led by Pale Blue Dot, a leading European Climate Tech fund, along with other investors including Superorganism, RaliCap, W3i, Emurgo Kepple Ventures, and a network of angel investors from the global technology community.

Kate Kallot, the CEO and founder of Amini who announced the funding on Friday, said the startup has also become the first African company to be accepted into the highly selective Seraphim Accelerator program, which scouts from the top 2% of global early-stage space companies.

She boasted that the funding was secured following a decade of leadership experience in driving global innovation in artificial intelligence and machine learning at renowned technology companies like Intel, Arm, and NVIDIA.

“We are building the single source of truth for environmental data across Africa,” she said.

“Data has the potential of transforming livelihoods by enabling everything from climate resilience to sustainable value chains,” Kallot said.

The Amini platform provides access to valuable environmental data analytics, including drought, flood, soil and crop health.

The data can also be processed to forecast crop yields for millions of smallholder farmers in mere seconds, as well as measuring the impact of natural disasters across the region.

While the company initially focused on the insurance industry, they are now experiencing rapid expansion into supply chain monitoring, specifically at the “last mile,” or the initial stages of the global supply chain.

Tech

Flutterwave partners Token.io to provide seamless bank transfer to users in UK, EU

Published

on

Pan-Africa’s payments technology company, Flutterwave has entered into a partnership with Europe’s account-to-account (A2A) payment infrastructure provider, Token.io to power “Pay By Bank” transfer capabilities using its platform.

Flutterwave’s Chief Executive Officer, Olugbenga Agboola, who made the announcement at the ongoing “Money20/20 Europe fintech conference in Amsterdam” on Wednesday, said the A2A payments would be a fast and secure way to move money between bank accounts, especially for Africans.

“Our partnership with Token.io will make it even faster and easier for individuals and businesses to pay and receive money,” Agboola said.

“By partnering with Token.io to provide Account-to-Account payments to our customers, Flutterwave will advance its mission of connecting Africa to the global economy,” he added.

According to the Flutterwave CEO, open banking-powered A2A payments do not require registration or error-prone data entry, making them a seamless payment method.

“End-users would have authenticate A2A payments directly with their bank for a frictionless experience that also delivers higher success rates than market standards, thereby offer merchants cost savings compared to traditional payment methods and settle instantly to improve cash flow”, he said.

Also speaking on the partnership, Todd Clyde, the CEO of Token.io said it underscored the platform’s commitment to enabling payment providers to grow with open banking-powered A2A payments.

“We’re confident that Token.io’s infrastructure will help Flutterwave offer its customers a more comprehensive payment solution, with A2A payments being a key part of this for UK, Europe, Middle East and Africa corridors,” said Clyde.

Continue Reading

Tech

Samsung Electronics launches e-waste program in Kenya

Published

on

Samsung Electronics East Africa has entered into a partnership with Kenya’s home appliances store, Housewife’s Paradise, to commence the collection of e-waste for recycling aimed at providing a joint-effort on environmental conservation.

According to Samsung East African Head of Service Division, Ronald Mitei, the collection of e-waste would begin in Nairobi before scaling to the rest of the country by the end of the year.

Under the e-waste management program, Housewife’s Paradise will collect Samsung brand-only e-waste at a customer’s preferred time and date, with the waste delivered to WEEE Centre, the official Samsung recycling partner in Kenya and then be discarded.

“We have been dedicated to responsible e-waste management for the last few years and we now want to scale it up to ensure that we minimize any negative environmental impact of our products,” Mitei said.

“This includes taking responsibility for the end-of-life phase of our products to prevent environmental harm. Our e-waste program and recycling program are an important part of this commitment,” he added while addressing a press conference on Tuesday.

Samsung Electronics is strongly committed to proper e-waste disposal and we believe in safeguarding our environment through responsible disposal and recycling of electronic waste, transforming it from being hazardous to beneficial.

“Working together with our partners, we can ensure that waste is not just discarded, but transformed into reusable materials.

“This collaboration embodies our shared dedication to sustainable practices, conservation, and the health of our planet,” Mitei added.

Also speaking during the press conference, Managing Director of Housewife’s Paradise, Zul Jamal, said:

“As a responsible home appliance retailer, we understand the importance of proper e-waste disposal.

“It’s not just about selling new appliances; it is also about ensuring that the old ones are retired in a way that is safe for our environment.

“That is why we are devoted to providing our customers with easy access to responsible recycling options, and encouraging the sustainable disposal of electronic products.”

Continue Reading

EDITOR’S PICK

VenturesNow13 hours ago

Kenya: Parliament approves appointment of Kamau Thugge as central bank governor

Months after throwing open the position for the country’s top banker, Kenya’s parliament has approved the appointment of Kamau Thugge...

VenturesNow13 hours ago

Ghana presents ‘working proposal’ for debt restructuring— IMF sources

West African country, Ghana has made a major move at resolving its debt crisis as the country has presented debt...

Metro14 hours ago

Rwandan President, Kagame sacks over 200 military personnel in major shake-up

Rwandan President, Paul Kagame has sacked over 200 soldiers including top military brass and commanders from the Rwanda Defence Force...

Tech15 hours ago

Flutterwave partners Token.io to provide seamless bank transfer to users in UK, EU

Pan-Africa’s payments technology company, Flutterwave has entered into a partnership with Europe’s account-to-account (A2A) payment infrastructure provider, Token.io to power...

Culture15 hours ago

Kenyan govt to convert ‘evil cult’ forest into a memorial site

The Kenyan government says it plans to convert the Shakahola Forest, where bodies of over 250 members of a Christian...

Metro15 hours ago

UN war crimes court declares Rwandan genocide suspect, Felicien Kabuga unfit to stand trial

An 88-year-old Rwandan genocide suspect, Felicien Kabuga has been declared unfit to stand trial by judges at a United Nations...

Sports15 hours ago

FIFA honours Osimhen after amazing season with Napoli

Following his record-breaking season with Napoli where he scored 26 goals to win the Serie A top scorer award, Nigerian...

VenturesNow16 hours ago

Despite revenue crisis, World Bank projects faster growth for Kenya  

The World Bank on Wednesday said progress in the agricultural sector would likely lead to Kenya’s economic growth at a...

Musings From Abroad1 day ago

Angola, Portugal sign 13-point pact spanning finance, law, others    

Angola and Portugal have signed a Memorandum of Understanding including 13 different agreements that cut across financial, legal and other...

VenturesNow2 days ago

Congo DR, Angola advance talks over decades-long oil block dispute

Discussions are on to end a decades-long dispute between the Democratic Republic of Congo and Angola over an off-shore oil...

Trending