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Standard Chartered Kenya selects 15 women-led startups for Cohort 6 of ‘Women-in-Tech’ program

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Standard Chartered Kenya has selected 15 women-led startups for its 2023 “Women-in-Tech” business incubation program where the final seven will recieve $10,000 each to grow their businesses.

This year’s edition, which is the sixth cohort of the business programme, according to Standard Chartered’s Head of Corporate Affairs, Brand and Marketing East Africa, Ms Joyce Kibe, is in partnership with @iBizAfrica— Strathmore University and will “support female-led entrepreneurial teams with business management training, mentoring, and seed funding.”

“Standard Chartered Women in Tech (WiT) has selected top 15 teams from a pool of over 250 startups that applied for the program from different sectors, such as agritech, fintech, the healthcare industry, mobility tech, disability tech, and the construction industry. This is an increase from the previous cohorts, where 10 businesses were incubated and 5 startups per cohort each received funding,” said Kibe.

“Our continued funding of this program is as a result of research that indicated that female-led startups in Africa attracted less funding in 2022 compared to male-led startups in the region.

Women-led enterprises were more challenged by societal bottlenecks and financing limits, so we are pleased to contribute to closing the gap through increased capacity building and focused funding toward female-led enterprises.

”I, therefore, encourage the beneficiaries to maximize this opportunity as we empower them to champion more diversity in technology and advance entrepreneurial and leadership excellence.” she added.

Kibe said since inception, the program had trained more than 10 small and medium businesses leveraging on technology by offering mentorship, advisory, coaching, networking opportunities, access to seed capital, and investor forums that help mould their businesses to international standards.

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Again, Starlink raises prices of its services in Nigeria

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Elon Musk’s satellite internet service provider, Starlink, has again jacked up the prices of its services in Nigeria after an earlier increase caused uproar among customers.

The service provider, in a statement released on Friday, informed its Nigerian customers that it would raise its monthly subscription prices, with the new rates set to take effect on January 27, 2025.

Under the new pricing regime, the lowest subscription tier will increase significantly from ₦38,000 to ₦75,000 per month, while mobile global roaming service will now cost ₦717,000 monthly.

The company stated that new subscribers will immediately pay the adjusted prices while existing customers will see the changes reflected in their upcoming bills.

In an email sent to users, Starlink said:

“To continue enhancing the Starlink network and provide reliable, high-quality service across Nigeria, we are adjusting our monthly subscription prices.

“These changes are part of our ongoing commitment to investing in the infrastructure needed to improve your experience with Starlink.”

This is the second time Starlink has attempted a price hike in Nigeria. The Nigerian Communications Commission (NCC) has rejected its previous increase in October on the grounds that the company had not sought the necessary regulatory approval.

However, insiders believe the NCC is set to approve an increase in the first quarter of 2025, which gives credence to insinuations that Starlink may have gotten an approval for the price increments.

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Safaricom Ethiopia launches 4G network in Gambella

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Ethiopia’s second largest telecom provider, Safaricom Telecommunications Ethiopia P.L.C., has announced the official launching of its 4G network services in Gambella and other surrounding areas.

The launching of the 4G network in the region, according to Safaricom Ethiopia CEO, Wim Vanhelleputte, highlighted the significant impact that enhanced telecommunications infrastructure could have on the region’s social and economic progress.

“In line with our commitment to digital education, Safaricom Ethiopia donated 20 laptops and 4 routers, including six months of free internet, to two high schools in Gambella City, supporting digital literacy and educational opportunities for local students,” Vanhelleputte stated.

Vanhelleputte reaffirmed Safaricom Ethiopia’s commitment to expanding its reach and ensuring that more regions gain access to reliable and high-speed internet.

“The introduction of the 4G network in Gambella is designed to deliver significant advantages to the local community,” he said .

“Enhanced connectivity will open doors to better access to information, education, and healthcare services. Additionally, it will create new opportunities for businesses and entrepreneurs, driving economic growth and development within the region.

“Safaricom Ethiopia’s move into Gambella aligns with its broader strategy to extend 4G coverage to more areas, furthering its mission of fostering nationwide connectivity,” the CEO added.

Alemitu Oumud, President of the Gambella Region who also spoke at the event, stated that, enhanced infrastructure is driving positive social and economic growth in our region.

“We commend Safaricom Ethiopia for its contributions to job creation, improving connectivity, and making Gambella a more attractive destination for investment,” Oumud said.

He stressed the potential of the new 4G network to drive business activities, attract investments, and foster entrepreneurship in the region.

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