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Mastercard partners Ethiopian oil corporation to digitize e-commerce platform

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Global payment network processor, Mastercard, has entered a partnership with Ethiopian Minerals Petroleum and Biofuel Corporation (EMBPC), aimed at solidifying the digitizing of the corporation’s mineral e-commerce platform.

The partnership, according to Mastercard’s President of Eastern Europe, Middle East, and Africa, Dimitrios Dosis, was part of the EMPBC’s strategic objectives to provide access to market and officially tunnel the available minerals to the international market.

While announcing the deal, Dosis said through Mastercard’s innovative Payment Gateway Solutions (MPGS), EMBPC could diversify and expand its offering.

“The partnership between Mastercard and EMPBC is the first implementation of an e-commerce platform solely focused on minerals in Ethiopia,” he said.

“This is proof of our ongoing commitment to collaborate with governments, providing world-class digital solutions to partners’ in-market, and scaling up our relationship with financial institutions,” Dosis said.

The CEO of EMPBC, Rahel Getachew, who also confirmed the development, said it would provide EMPBC with the solutions required to digitize their e-commerce platform, as well as collaborate on product development and standardization, promotion and marketing, training and capacity development, and technical advisory support.

“Despite various factors such as traditional methods of mining, Ethiopia’s present gemstone trade generates an estimated 20 million dollars in annual export transactions.

“With the digitization of EMPBC’s minerals marketplace, the gemstone sector is expected to triple in less than two years and grow to $500M in five years through the new e-commerce platform,” said Getachew.

“In addition to the above, partnerships of this nature create vast opportunities for fintech to participate in in-country e-commerce platform development, of which Eaglelion is the e-commerce platform developer for EMPBC,” he added.

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Egyptian AI-powered ed-tech startup Sprints raises $3m to scale up platform

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Egyptian AI-powered ed-tech startup, Sprints, has announced raising $3 million bridge round of funding to help it scale up its platform with the aim of “redefining education for the future”.

Co-founder and CEO of Sprints, Ayman Bazaraa, who made the announcement on Thursday, said the platform which is on a “mission to educate one billion learners in 10 years” raised the $3 million bridge round of funding led by Disruptech Ventures with investments from EdVentures and CFYE, among others.

“Our team is the beating heart of this success. We’re a proud force of passionate trailblazers, consisting of over 100 employees and 300 trainers from 12 countries, united by a single mission, to revolutionise education through AI,” said Bazaraa

“This investment is a resounding validation of the team’s tireless efforts and unwavering dedication.

“Today, I stand proud of what we’ve collectively accomplished, and brimming with anticipation for the future we will pave together,” Bazaraa added.

Founded in 2020 by Bazaraa and Bassam Sharkawy, Sprints is the first end-to-end platform in the MENA region to bridge the tech talent gap, spanning talent assessment, customised learning journeys, and top-paying job guarantee.

The startup delivers world-class, agile-based learning journeys that empower organisations to build top-notch tech teams in all tracks, including AI, data science, mobile, web, IoT, cloud computing and cybersecurity, according to a citation on its website.

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Radisson Group targets 25 hotels in Morocco by 2030

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The Radisson Hotel Group says it has set a goal of setting up 25 hotels in Morocco, which will expand its current portfolio of 11 hotels in operation to 36 by 2030.

Erwan Garnier, Senior Director, Development, Africa at Radisson Hotel Group, who disclosed this in a statement, saidMorocco continues to be a crucial market for the group’s development, while also accelerating its expansion in the country which is part of its vision of redefining the group’s expansion strategy for the country.

“I am delighted to lead our expansion efforts in Morocco and take them to new heights. Leveraging our success in the country thus far, our expansion strategy will concentrate on targeting the major cities in Morocco,” Garnier said.

“Our focus will be on strengthening our presence in Casablanca and Marrakech, where we currently operate the conveniently located Radisson Blu Hotel, Casablanca City Center and the highly acclaimed Radisson Blu Hotel, Marrakech Carré Eden.

“Additionally, we plan to establish our presence in the key cities of Rabat, Tangier, Agadir, and Fez.

“In light of Radisson Hotel Group’s strategic 5-year plan and the 2030 FIFA World Cup in Morocco, we have identified significant potential within these cities to establish a diverse portfolio consisting of ideally located business hotels, efficient serviced apartments, premium mixed-use projects, and expanding our portfolio of exceptional resorts.

“The introduction of the Radisson brand with the imminent opening of the Radisson Hotel Casablanca Gauthier La Citadelle in the vibrant Gauthier district of Casablanca, marks a notable development.

“This new establishment will be the flagship of the Radisson brand in Morocco, marking the entry of a new brand for the group in the country and underlining our commitment to quality and diversified expansion,” he added.

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