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Huawei teams up with Xinghe Intelligent network to build digital-intelligent Africa

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Chinese owned technology company has teamed up with Xinghe Intelligent network to build digital-intelligent Africa
based on Net5.5G.

The deal which was signed at the Northern African leg of Huawei Network Summit 2024 was held in Marrakech, Morocco, on Saturday, according to Leon Wang, President of Huawei’s Data Communication Product Line, is aimed at accelerating intelligent transformation.

The summit which attracted over 400 customers and partners from Egypt, Cote d’Ivoire, Ethiopia, Morocco, and other countries, also saw Huawei announcing the launch of an all-new upgrades to its IP Club member program, including gaining fresh insights into the latest technological innovations, connecting with top industry experts and opinion leaders, and participating in an elite member brand plan.

Wang who spoke at the summit, said:

“All industries are accelerating intelligent transformation, and networks are evolving to all intelligence. As such, we fully upgrade our data communication solutions from Intelligent Cloud-Network to Xinghe Intelligent Network based on Net5.5G, thereby building a network foundation for the intelligent era.

Huawei has launched more than 10 innovative products and solutions to best suit diverse scenarios such as campus networks, wide area networks (WANs), data center networks, and network security.

“Examples include all-scenario Wi-Fi 7, the industry’s highest-density 400GE modular data center switch (a total of 640 400GE ports), the industry’s unique switch with flexible cards from GE to 400GE, the industry’s first 220 mm deep 400GE router, an all-in-one intelligent converged gateway, and Net Master, a network large model application.”

The Chinese company also unveiled nine industry-specific solutions and flagship distribution products for customers in public services, finance, electric power, and education sectors, reaffirming its efforts to dive deep into the commercial and small- and medium-sized enterprise (SME) markets.

“By the end of 2024, Huawei Data Communication plans to provide 73 models of distribution products for markets outside China, joining forces with partners to help numerous enterprises easily go digital.

“Local customers in Northern Africa also shared their best practices with Huawei’s data communication products and solutions,” Wang added.

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Mastercard Foundation expands EdTech Fellowship to Egypt

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The Mastercard Foundation has extended its EdTech Fellowship Egypt following earlier programmes in South Africa, Kenya and Nigeria.

The EdTech Fellowship, which was launched in 2019, is an entrepreneurship acceleration programme that supports promising African ed-tech ventures.

According to the tech giant, the Fellowship provides critical business, financial, and educational support to help ed-tech companies scale, achieve sustainability, and increase impact.

“The fellowship has already supported dozens of companies in countries like Nigeria, South Africa, and Kenya, and has now expanded to Egypt in partnership with EdVentures, the investment arm of Nahdet Misr Group and a leading ed-tech venture capital firm in the MENA region,” Mastercard said while announcing the launch.

“Twelve startups have been chosen for the initial eight-month programme, comprising specialised training, mentorship, workshops, networking, and access to courses.

“Each startup will receive $60,000 in equity-free funding. Over the next three years, the fellowship will support a total of 36 ed-tech startups, driving positive change in the education sector,” it said.

The inaugural Mastercard Foundation EdTech Fellowship cohort are 5 Quarters, a dental student learning application; Armstrong, an interactive STEM e-learning platform; Business بالعربي, an Arabic self-development and business skills podcast.

Others are Career 180, a career development and job placement solutions for youth; Deaf Gain, consulting services for the deaf and hard of hearing; and Fednee, a platform for networking, career development, mentoring, and collaboration.

The cohort is completed by iSchool, which is teaching AI and coding for kids ages 6-17; Mharet Tefl: a speech therapy programme for children; Nafham by Tayro, an online learning application; OTO Courses, an online one-on-one English and other courses; Science Street, which promotes science literacy; and Bayt Alkhyata, which fosters social development for women and their communities.

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Ecobank Group launches $50,000 Fintech Challenge

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Pan-African financial services company, Ecobank Group, has opened applications for its 2024 Fintech Challenge with a whopping $50,000 prize money up for grabs.

The annual competition which is in its 7th edition, invites early-stage and mature fintech startups to partner with Ecobank, with the winner taking home the princely sum and a chance of scaling their solutions across Ecobank’s extensive network spanning 35 African countries.

Jeremy Awori, Chief Executive Officer of Ecobank Group who made the announcement in a statement on Tuesday, said the Ecobank Fintech Challenge provides a unique opportunity for Fintech entrepreneurs to address their challenges by not only offering financial rewards but by also providing Ecobank’s expertise in diversified markets operations and the right solutions to scale across its pan-African footprint and international presence such as France.

“Building partnerships with fintechs is a catalyst for driving financial inclusion in Africa. At Ecobank, we prioritize fintechs in our Growth, Transformation, and Returns strategy “, said Awori.

“We have enhanced this new edition of the Ecobank Fintech Challenge to continue to provide fintech entrepreneurs with a premier platform to showcase groundbreaking solutions, while creating unparalleled opportunities for growth and expansion across 35 markets in Africa,” he added.

The Ecobank Group CEO noted that despite the fintech eruption in the African continent, a McKinsey report reveals that fintech start-ups in Africa are still facing several challenges such as reaching scale, navigating an uncertain regulatory environment, or managing scarcity of funding.

“Last year’s competition attracted 1,490 entries of real quality, which underscores the significance of this pan-African challenge.

“Successful applicants reaching the Grand Finale and Awards Ceremony in October 2024 will have the chance to join the highly coveted Ecobank Fintech Fellowship programme, with the overall winner receiving a cash prize of US$50,000.

“Ecobank Fintech Fellows will gain access to numerous opportunities through collaboration with Ecobank and its partners, potentially including:

“Other multinational product rollout include an opportunity to integrate their solutions with Ecobank, opening doors to potential product launches within Ecobank’s expansive 35-country Pan-Africannetwork.

“Selected fintechs may become Pan-African service partners within the Bank’s ecosystem while Fellows will receive exclusive access to Ecobank’s cutting-edge APIs, enabling them to test and develop their products for the Pan-African market.”

The Ecobank Fintech Challenge is designed in partnership with international advisory firm, Konfidants, and is supported by various partners.

Applications for the 7th Ecobank Fintech Challenge are now open to fintechs and developers from across Africa, as well as global Africa-centered fintechs.

Interested parties can find out more about the competition and submit their applications through the official website: EcobankFintechChallenge.com.

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