The TECH25 Roundup (Jan. 25 – Feb. 7)
Every fortnight we compile a list of important news updates and events covering the African FINTECH, MFGTECH, CLNTECH, and AGRTECH sectors.
Sh 1.5 billion funds to back Kenyan fintech start-ups, via Business Daily
A Bill & Melinda Gates Foundation backed funds worth USD 15 million to help and connect Fintech start-ups especially those with no access to basic financial services like Banks in Kenya.
Sound fintech infrastructure to boost Kenya’s diaspora inflows-IMF, via The Star.
A report by the International lender attributed the growth to Kenya’s fintech especially in the mobile money which is expected to continue growing to ease financial cost of cross border transaction.
Top 5 instances that undermine cashless payments uptake in Rwanda, via The New Times.
Rwandan Government, through the Central Bank, has been calling on Rwandans to adopt cashless payments, but still a few sectors in the local economy make it hard for the general public to adopt cashless payment.
Azuri of Uganda makes Global Cleantech 100 list for 2020, via Eagle online.
In the Annual Cleantech Forum in San Francisco, Azuri technologies of Uganda was named among the 100 leading companies in sustainable innovation.
How to make clean cooking technologies available to all Kenyans, via Standard media.
The Ministry of Energy and other stakeholders in Kenya, plan to require sustained actions to make it is possible to deliver modern and clean cooking solutions for all Kenyans .
Ugandan Startup, Emata Selected for ENGIE Challenge, via Pctech Magazine.
Uganda’s AgriTech startup has been selected to join other four start ups in Africa to participate in ENGIE Challenge that will take place in Kigali, Rwanda.
Kenyan AgriTech startup Taimba gains access to $277k funding, via Disrupt Africa.
Through its operation of mobile based cashless platform, Taimba funding, which comes as a mixture of equity and grant financing, will enable the startup to integrate cold logistics within its value chain, expand its product offering, optimize its operations and significantly grow its market.