Tech

Egypt’s Endeavor launches XceleRise to help startups raise funds

Published

1 year ago

September 3, 2023

Egyptian entrepreneurship venture, Endeavor Egypt, has launched a scale-up programme known as XceleRise aimed at helping startups in the country. Its goal is to help startups gain access to capital and market expansion.

The 15-month scale-up programme, according to the venture, is in partnership with GIZ Egypt and is specifically designed to “equip ambitious entrepreneurs with the industry knowledge, market insights, and invaluable connections necessary to successfully scale their operations internationally and raise capital.”

“XceleRise is specially created for startups that promote sustainability, and will provides an opportunity for entrepreneurs to tap into Endeavor’s global network of mentors, investors, and top industry professionals,” it said.

“By leveraging the expertise and guidance of key experts, participants will gain the necessary tools and strategies to navigate the complexities of international expansion and maximise their growth potential.

“Some of the highlighted sectors for the programme include green buildings, waste management, renewable energy, sustainable transport, and agriculture and water management.

“XceleRise places a strong emphasis on supporting companies that drive the emergence of competitive enterprises and job creation, particularly in ecologically relevant sectors.

“These sectors include fintech, ed-tech, and e-health, as well as companies in logistics and smart city sectors that promote fair supply chains and sustainable transformation of global supply chains,” it added.

Key features of the programme includes fundraising strategies where participants will learn best practices for effective fundraising and gain access to potential investors through strategic introductions.

Others include market expansion guidelines through which participants will receive comprehensive guidelines on market expansion, thus enabling them to make informed decisions and optimize their entry into new markets.

Related Topics:Endeavor Egypt Entrepreneurship Featured XceleRise

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Tech

Ghana partners with The Gambia to provide free roaming services

Published

1 day ago

November 21, 2024

Isaac Dachen

Ghana and The Gambia are in the process of launching free roaming services that will enhance a West African connectivity.

The plan which is a joint initiative of the Ghana Ministry of Communications and Digitalisation and The Gambian National Communications Authority (NCA) will see mobile users in both countries avoiding extra charges for calls, texts, and data, which in turn, is expected to boost trade, tourism, and economic integration across borders.

The collaboration, according to a joint statement by the two bodies, aligns with the Economic Community of West African States’ (ECOWAS) broader push for seamless regional communication.

“Ghana and The Gambia are forging new paths in West Africa’s digital landscape, implementing a free-roaming initiative,” the statement said.

“This move strengthens regional connectivity while highlighting the role of technological collaboration in fostering economic integration. The initiative enables mobile users travelling between the two nations to make calls, send messages, and use data services without additional roaming fees.”

It further noted that by reducing these costs, the program aligns with the ECOWAS Free Roaming Initiative, which seeks to eliminate barriers to communication across member states.

“It is a boost for trade and travel as the free roaming plan is expected to spur economic activities by streamlining cross-border communication.

“Businesses and individuals travelling between Ghana and The Gambia can now stay connected without worrying about exorbitant charges, facilitating smoother transactions and personal interactions. The initiative is also expected to attract more tourists by ensuring seamless digital access for visitors.

“This collaboration marks another milestone in Ghana’s commitment to expanding digital connectivity, following Ghana’s successful implementation of similar agreements with Côte d’Ivoire, Togo, and Benin, with talks of possible roaming partnerships with Liberia.

“By focusing on digital integration, Ghana and The Gambia demonstrate the power of technology to bridge gaps between countries. This step also serves as a model for other West African nations to join the free-roaming framework, contributing to the larger goal of a connected and economically integrated region,” it added.

Tech

Tanzania to host 6th Ocean Innovation Africa summit in February

Published

2 days ago

November 20, 2024

Isaac Dachen

Dar es Salaam, Tanzania, has been selected to host the sixth edition of the Ocean Innovation Africa (OIA) summit from February 24-28, 2025, as a flagship event within Regenerative Ocean Week.

The Ocean Innovation Africa is set to be Africa’s most significant platform for Ocean Innovation conservation, and sustainable development in the blue economy. OIA2025 will be co-organised with leading partners, including IUCN, GIZ, OceanHub Africa, Catalyze and the Ocean-Climate Platform.

With the theme, “Science-to-Solution”, the Regenerative Ocean Week will present a line-up of sessions designed to bridge the gap between scientific research, business innovation, policy, and community engagement.

According to the organizers of the event, it will bring together African ocean innovators, investors, researchers, policymakers, and community leaders to explore practical solutions that can be applied across the continent.

“These include the OIA Pitch Competition, which is a platform for Africa-based startups and entrepreneurs to showcase breakthrough ideas in ocean-impact solutions, allowing them to connect with investors and industry leaders and emphasizing Africa’s role in driving sustainable ocean initiatives,” the organizers said in a statement.