Connect with us

Tech

IFC to support 100 women-led startups through She Wins Africa

Published

on

The International Financial Corporation (IFC) has selected 100 women-led startup owners to support through the She Wins Africa program, an initiative led by the IFC aimed at accelerating access to capital for female-led startups across Africa.

The selected women, according to the IFC, a member of the World Bank group, will “participate in comprehensive interventions that will strengthen their companies’ investment readiness, including advice and mentorship, and provide access to potential investors, industry leaders, and peers through matchmaking and pitching opportunities across Africa.”

“The initiative is a part of IFC’s broader commitment to promote gender equality and empower women entrepreneurs in emerging markets,” Nathalie Akon Gabala, Director of Gender and Economic Inclusion at IFC, said in a statement.

She added that the 100 participants announced on Wednesday were drawn from almost 3,000 applicants comprised of women entrepreneurs across Africa in sectors ranging from ag-tech, climate-tech, e-commerce, ed-tech, health-tech and fintech etc.

“Sub-Saharan Africa has the highest rate of female entrepreneurs globally, with approximately 26% of female adults involved in entrepreneurial activity. However according to a 2021 World Bank report, women founders in Africa receive only about three percent of start-up finance,” she noted.

“In addition to the investment-readiness program for the 100 selected participants, She Wins Africa will roll out other initiatives, including a bootcamp to help lead 200 pre-seed women-led startups into acceleration phase

“An initiative to open up acceleration support for an additional 200 women-led startups in areas where such support is not easily available; and
a program to create a coalition of funds, venture capital firms and gender-lens investors to improve access to finance for women and their businesses across Africa.

IFC’s She Wins Africa empowers women entrepreneurs through coaching, training, and financing, accelerating their growth and investment readiness throughout sub-Saharan Africa.

“It’s time for investors to step up and fund women. A strong entrepreneurship ecosystem benefits us all,” she said.

Tech

How Nigerian online connection hub Workjeje helps with access to quality service providers

Published

on

A Nigerian online connection hub, Workjeje, has revealed how it is connecting individuals and corporate bodies to quality service providers in their vicinity, while catering to urban dwellers that prioritise quality and convenience in the services they seek.

The startup which was founded in 2021 by the trio of Fortune Nwankwo, Collins Onyebuchi and Ejike Anthony, who were students at the University of Nigeria, Nsukka, has evolved into one of the most sought after hub in major cities in the country.

According to Nwankwo, Workjeje, unlike other competitors in the Nigerian market, focuses on quantity of artisans with a strong focus on quality.

“It was really hard to get service providers, let alone reliable ones. They were so unserious, they’d tell you they would come in the afternoon and show up four days later, and worst of all might deliver mediocre services,” Nwankwo said in an interview.

“Collins called me one day into his house to share his proposed solution to me, so I called my friend Wisdom – who is a programmer – to build it, and that was how Workjeje started.

“We had customers asking if the artisans were pre-vetted, which of course is a pain point for them, especially for women who would love to feel safe when a stranger is in their home.

“We pre-vet our artisans by onboarding them ourselves, and still monitor their contracts and ratings to maintain optimum quality.

“Customer feedback has been really important to us. At the test phase, some customers believed our vetting process was not very thorough, and some artisans did not look the part.

“We listened, we churned a lot of unserious artisans, we made sure we vetted the artisans ourselves, and we prioritised service companies because they have more to lose,” he added.

Workjeje is currently operating in Abuja and Enugu as test markets, and is taking its growth plan seriously and slowly, he stated.

“We were funded twice by friends – first at the building stage and the second at the marketing phase.

“Getting 10 successful transactions was a major booster for us even though we were still in the testing phase. It showed us people actually were ready to pay for the convenience we provide. Right now we have processed over 70 transactions.”

Recently, Workjeje completed a new feature that its artisans had been asking for – an escrow service, primarily designed for delivery services to protect themselves against unpaid bills.

On how the platform makes money for survival, Nwankwo said:

“The startup collects between five and 10 per cent from its artisans as fees, depending on its agreement with them, Workjeje also plans to incorporate advertisements on its platform in the near future.

“We plan on expanding to major states and cities across Nigeria, and in time Africa to limit the macro influence on our business.”

Continue Reading

Tech

Dubai’s cybersecurity firm CyberKnight sets up business in Africa

Published

on

Dubai-based cybersecurity company, CyberKnight, has expanded its business into Africa by opening an office in Egypt.

CyberKnight, a cybersecurity advisory and value-added-distributor (VAD), which has its international headquarters in Dubai with a strong presence across the Middle East, announced its expansion into Africa on Friday with the appointment of Naoufal Mzali as the Regional Sales Director for the continent to spearhead its business development efforts on the continent.

As the newly appointed Regional Sales Director for Levant, Egypt & Africa, Mzali will lead the charge in strengthening CyberKnight’s presence in the territory and fostering growth in the African cybersecurity market, the company said in a statement.

“With over 17 years of experience in technology and cybersecurity, his strong engineering background, coupled with a successful track record in sales, makes Naoufal an asset to the CyberKnight team.”

A statement signed by Mzali to welcome CyberKnight into Africa said:

“We are excited to enter this new chapter of growth with CyberKnight’s on-the-ground expansion into Africa.

“Since the company’s inception, we have been doing business opportunistically in multiple African countries from our HQ in Dubai.

“This underscores our commitment to delivering best-of-breed cybersecurity expertise to enterprise and government customers, as well as strategic partners across Africa.

“Moving forward, we will be building teams across the continent, starting with North Africa.”

Continue Reading

EDITOR’S PICK

Metro40 mins ago

Church in Northern Province cautions against cyberspace abuse, supports cyber security law

The church in Northern Province has issued a warning to Zambians regarding the misuse of cyberspace in the guise of...

Metro6 hours ago

Nigeria kicks as South African police torture citizen to death

The Nigerian Union South Africa (NUSA) has condemned the killing of another of its citizens, Prince Muoka Ebuka, who was...

Politics22 hours ago

Nigeria 2027: Opposition party chieftain Atiku vows to support Obi if …

In Nigeria, the 2023 presidential candidate of the Peoples Democratic Party, Atiku Abubakar, has hinted that he would support the...

VenturesNow23 hours ago

Nigeria: Court insists Binance executive can face trial on behalf of firm

In an ongoing tax evasion case, a Nigerian court decided on Friday that Binance executive, Tigran Gambaryan, may go to...

Tech1 day ago

How Nigerian online connection hub Workjeje helps with access to quality service providers

A Nigerian online connection hub, Workjeje, has revealed how it is connecting individuals and corporate bodies to quality service providers...

Sports1 day ago

Egyptian midfielder Elneny announces departure from Arsenal after eight years

Egypt and Arsenal midfielder, Mohamed Elneny, has announced his departure from the club at the end of this season after...

Culture1 day ago

Nigerian moviemakers Funke Akindele, Mo Abudu, Jade Osiberu named in Hollywood Reporter’s Powerful Women in Film list

Foremost Nigerian moviemakers, Funke Akindele, Mo Abudu, and Jade Osiberu have been named in the Hollywood Reporter’s list of the...

Politics1 day ago

Senegal: PM Sonko condemns French military bases on territory

Senegal’s Prime Minister, Ousmane Sonko, in a detailed speech on Friday, touched a range of national issues, including the euro-backed...

Metro1 day ago

Tinubu’s ‘Renewed Hope Agenda’ repositioning Nigeria as global investment hub— VP Shettima

Vice President Kashim Shettima believes the “Renewed Hope Agenda” of the President Bola Tinubu administration is gradually transformating Nigeria into...

Tech2 days ago

Dubai’s cybersecurity firm CyberKnight sets up business in Africa

Dubai-based cybersecurity company, CyberKnight, has expanded its business into Africa by opening an office in Egypt. CyberKnight, a cybersecurity advisory...

Trending