Tech

Nigeria’s talent growth startup alGROWithm secures funding to upscale accelerator programme

Published

10 months ago

February 3, 2024

Nigerian talent growth startup, alGROWithm, has announced securing funding to scale up its “Growth Talent Accelerator Programme” so as to take in more people across six African countries.

According to the CEO of alGROWithm, Bili Sule, the programme which is aimed at providing ed-tech solutions to growth hackers, secured the funding from Digital Africa, which it will use to offer scholarships for aspiring growth hackers to join its programmes, as well as fuel the expansion of its training programmes into new African markets.

Sule noted that apart from applicants from Nigeria, the startup has had applicants from Ghana, Kenya, Rwanda, Uganda, and South Africa who want to be part of the accelerator programme.

“Since our pilot in 2022, we’ve identified two critical needs in the ecosystem. There’s a persistent demand for more growth hacking talent, demonstrated by the swift employment of our past trainees,” Sule said.

“Secondly, we observed that many companies also sought to up-skill their existing teams instead of starting from scratch with new talent.

“We ran the Pro model with companies like Paga, Figorr, and Kebble last year, with great results. This fueled our decision to offer both propositions moving forward.

“This year alone, we aim to train over 150 growth leads across East, West, and Southern Africa, which is a testament to our ongoing commitment to bridging the growth talent gap in the ecosystem, and propelling African businesses to new heights.”

Related Topics:Accelerator Programme alGROWithm Featured

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Tech

MTN launches 5G network in Benin Republic

Published

3 hours ago

November 25, 2024

Isaac Dachen

MTN Benin has officially launched its 5G network which will position the country as a technological leader in West Africa.

The company, in a statement, said the launch of Benin’s first commercial 5G network will not only position the country at the forefront of technological advancement in the West African region but also set the stage for a more competitive and dynamic telecommunications market.

“The advanced network promises faster speeds, ultra-low latency, and enhanced reliability, driving industry productivity and innovation,” the company said.

“This strategic investment aims to revolutionize Benin’s digital ecosystem, boosting business operations and reshaping user experiences. MTN’s 5G rollout underscores its commitment to advancing technology and supporting the nation’s digital transformation,” it said.

The launch of the MTN 5G will further intensify competition in Benin’s telecom industry and aligns with MTN’s broader strategy to expand 5G services in Africa and is expected to significantly influence the nation’s economy.

“Enhanced connectivity can lead to increased efficiency in industries such as agriculture, healthcare, and education. For instance, farmers could utilise real-time data to optimise crop yields, while healthcare providers can implement telemedicine solutions to reach remote areas,” it said.

“Educational institutions could also benefit from improved access to digital resources, facilitating e-learning opportunities. Moreover, the 5G network is expected to attract foreign investment by providing the necessary infrastructure for tech startups and multinational companies seeking to establish operations in Benin. This influx of investment could lead to job creation and contribute to the overall economic growth of the country.”

Tech

Fintech startup DigMo launched in Zambia to gamify financial planning

Published

1 day ago

November 24, 2024

Isaac Dachen

DigMo, a gamified fintech startup which helps users to build wealth tools from low to middle-income earners, has been launched in Zambia.

CEO of the DigMo Group, Sylvia Brune, who made the announcement, says the platform which is licensed by the Bank of Zambia to operate a wallet, offers a secure, free digital money account with a special account for users to play a financial planning game which incentivises customers to get started putting money away for the future.

“By giving customers the chance to win big rewards, DigMo is encouraging sustainable habits,” said Brune.

She stated that with an initial rollout in Zambia, DigMo wallet’s first offering, Save to Win, will make putting money away regularly, easy and rewarding with no fixed costs or fees.

“DigMo Save to Win allows users to start with small amounts – from just ZMW10 (US$0.37) – for the chance to win prizes of up to ZMW500,000 (US$19,000).

“We are committed to financial planning innovation for low and middle-income earners across Africa. To achieve this meaningful impact, we approach this like a game studio – where we constantly create and test many new products until we find those with an outsized impact,” Brune said.

“If we just take existing products and make them more affordable or accessible, it is unlikely that we can dramatically change behaviours.

“To succeed, we have engaged directly with users, observing and learning from them to develop DigMo, a solution that will dramatically improve their financial well-being and meet their unique needs,” she added.