Tech

Egypt’s home-tech startup Ostafandy launches app to make home ownership affordable

Published

4 months ago

December 30, 2023

Egypt’s home and building startup, Ostafandy, says it is repositioning to help homeowners and engineers estimate and finish home renovations, maintain and finishing projects through its newly launched app.

The app, according to Ostafandy’s co-founder, Mohamad Fouad, also has a
patent pending smart quotes and algorithmic pricing engine.

Fouad adds that Ostafandy app allows homeowners and construction professionals to get their estimates right and finish building projects within their budgets.

“As Africa’s population explodes, an estimated 150 million homes need to be finished within the next five years, more than two times the number that exist today,” Fouad said.

“Ostafandy aims to reinvent the home finishing industry with a scalable and automated business operating system.

“Our business model is very easy. More quotes mean more money. Our service providers use our quotation app to serve their own customers, not only ours. So we can also get insights and analytics from transactions,” added Fouad.

Ostafandy was recently selected to take part in the fourth edition of Startupbootcamp AfriTech’s ASIP Accelerator Programme, ending up with $18,000 in funding and three months of mentorship, access to resources, and networking opportunities.

The startup currently operates in Egypt, but plans to expand to Senegal, Kenya and Nigeria, as well as Saudi Arabia, Fouad said.

Related Topics:Building Egypt Featured Home-Tech Ostafandy Startup

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Tech

RepAir, Cella partner to launch carbon capture in Kenya

Published

2 hours ago

April 27, 2024

Akanimoh Etim

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.”

Tech

Intel Liftoff Hackathon 2024 calls for applications from African AI startups

Published

1 day ago

April 26, 2024

Akanimoh Etim

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.