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Orange launches 13th edition of Social Venture Prize in Africa

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Global telecommunications network operators, Orange, has called for applications for the 13th edition of its Social Venture Prize in Africa and the Middle East (POESAM), with cash prizes of €25,000 up for grab.

The competition which is open to candidates from the 17 countries within the Orange footprint, will see winning projects take home mouthwatering prizes and mentorship by experts from around the world.

The leading provider of global IT and telecommunication services to multinational companies, in a statement on Monday, said the competition has two stages which opens with a national stage which involves collecting applications between March and May 2023 in Orange’s 17 subsidiaries in Africa and the Middle East and an international stage.

A final jury of African tech influencers will select the 3 winners of the POESAM International Grand Prize in October/November 2023. The winners will receive €25,000 for 1st place, €15,000 for 2nd place, and €10,000 for 3rd place, it said.

“Since 2011, the prize has been awarded to innovative projects by startups, based on information and communication technologies that have a positive social impact in Africa and the Middle East,” the company said.

“As equal opportunities are a key aspect of Orange policy, the International Women’s Prize will be awarded for the fourth consecutive year.”

“This prize will be awarded to a woman who offers a technological solution to improve the living conditions of women (women’s independence, job creation or preservation, gender data collection, digital and financial inclusion, etc.). The winner will receive €20,000,” it added.

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DR Congo sues tech giant Apple over illegal mineral exploitation

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The Democratic Republic of Congo (DRC), has filed a criminal case against the European subsidiaries of tech giant, Apple, accusing them of illegal mineral exploitation and allegedly using “blood minerals” in its supply chain.

In the suit filed on Tuesday, the DRC alleges that Apple has bought contraband supplies from the country’s conflict-ladden east and Rwanda, zones in which it allege the materials are mined illegally and then integrated into global supply chains before ending up in tech devices.

The DRC suit specifically mentioned Apple subsidiaries in France and Belgium, accusing the tech giant of using conflict minerals in its supply chain.

The DRC is a major source of tin, tantalum, and tungsten which are used in electronic devices, with some mines controlled by armed groups responsible for human rights violations.

International lawyers representing the African country’s government have accused Apple’s local subsidiaries of taking these minerals from conflict areas and laundering them through international supply chains, with one lawyer telling journalists that Belgium had a moral duty to act given its history of exploiting the country’s resources under colonial rule.

However, in its response, Apple claims it conducts supplier audits and does not directly source primary minerals.

https://www.thenews.com.pk/print/1262670-dr-congo-sues-apple-over-alleged-illegal-mineral-exploitation

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Moroccan retail-tech startup Z raises $1.5m to drive intense growth

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Morocco-based B2B retail-tech marketplace, ZSystems, has announced closing a $1.5 million seed funding round which will see it carry out its ambitious expansion dreams.

In a statement by co-founder and CEO, Meriem Benabad, the funding round was led by Morocco-based Venture Capital firms, MNF Ventures (through its MNF II fund), Witamax (through Fund II and III), Cash Plus Ventures, and Kalys Ventures.

“This funding marks a pivotal moment for Z, as we aim to scale operations and bring cutting-edge solutions to traditional retail.

“Our vision is to empower small businesses and unlock growth across Morocco and Africa,” Benabad said.

According to Benabad, the newly acquired capital will support Z’s technology development, product catalogue expansion, and preparation for its next growth phase.

“Z is reshaping the retail landscape by integrating technology and innovation across the value chain. Its scalable platform empowers traditional retailers and brands with direct access to consumers, reviving competitiveness in traditional trade (hanouts), which accounts for 85% of the FMCG market,” he added.

Founded in 2022 by the trio of Benabad, Samer Choumar and Youssef Ait-Haddouch, Z’s platform empowers traditional retailers and brands with direct access to consumers, reviving competitiveness in traditional trade (hanouts), which accounts for 85% of the FMCG market.

Since launch, the startup has helped over 15,000 active retailers, and seen more than 800,000 orders placed.

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