Connect with us

Uncategorized

Two Nigerian Startups Emerge Winners @ GITEX 2022 North Star Pitch Competition

Published

on

Kindly share this post

Two Nigerian technology start-ups, Pricepally.com and Paddy Cover, have emerged winners at the Lagos leg of the North Star and GITEX Global pitch tournament held on Thursday at the Eko Innovation Centre, Lagos.

Mr Victor Afolabi, founder Eko Innovation center; Mr Tunbosun Alake, Special adviser to the Lagos state Government on Innovation and Technology; Mr Abdulla Alqahtani, Head of visa and attestation section UAE consulate in Lagos; Dr. Aristotle, Director of corporate Research strategy, Dubai World Trade Centre; Ms Fatine Laaroussi Tribek, Executive secretary of the UAE consultate in Lagos; Mr Hamad Almansoori, Dubai World Trade Centre, Sales Manager- Govt liaison; Mr Zarko Ackovik, Director-commercial Events Management, Dubai World Trade Centre and Mr Akande Ojo, Country representative of the Dubai World trade centre at the GITEX Global Lagos pitch

The North Star Pitch Competition is part of GITEX holding in Dubai, UAE from 10-13 October 2022, aimed at giving African Startups opportunity of exhibiting their innovative products at the world’s most influential meeting places for the technology sector.

The two winners will go on an all-expense paid trip to Dubai to pitch their idea to over 400 investors and thousands of technology ecosystem players at the GITEX 2022 exhibition for a chance to win $200,000.

They all will converge at the Dubai World Trade Centre in Dubai, the United Arab Emirates (UAE) in October for the five-day business show, mentorship and networking with world technology business leaders.

The Gulf Information Technology Exhibition (GITEX) is annual consumer computer and electronics trade show exhibition and conference that takes place in Dubai at the Dubai World Trade Centre.

GITEX is one of the world’s most influential meeting places for the technology industry bringing together thought leaders, creators, innovators and so on.

The Africa roadshow is organised by GITEX Global and sponsored by Dubai North Star, which represents the UAE Government, and partnered locally by the Lagos State Government and the National Information Technology Development Agency (NITDA).

Addressing journalist at Eko Innovation Center, the Director General (DG) of the Nigeria Information Technology Development Agency (NITDA) Mallam Kashifu Inuwa Abdullahi, represented by Dr Aristotle Onumo, Director of Corporate Planning and Strategy for NITDA, pledged not to relent in giving support to young Nigerians with start-ups in various forms to catalyse the entire eco-system towards building a digital economy.

“As regards this particular programme, the North Star is trying to take advantage of the programme to expose our start-ups, while NITDA is partnering GITEX.

“What is happening now will happen in Dubai, but the Dubai World Trade Centre and the Dubai Government is represented here today.

They have come to Nigeria to be able to harness the innovative skills already within Nigeria to start early marketing of the two to be selected and connecting them with various investors across the globe, so that even before they get to GITEX proper, they would have had a kind of visibility.”

Similarly, the Special Adviser to Lagos State Governor on Innovation and Technology, Tumbosun Alake, said “the initiative is “to give opportunities to our ecosystem start-ups with better access to local and foreign markets.

“At the same time, Dubai and GITEX are keen to to be part of the start-up ecosystem in Lagos.

“This initiative is for us to explore opportunities together, so the finalists will be participating in the North Star programme in Dubai in October, and we hope they are able to get more international investors and access to the UAE market.”

According to him, “the number one objective is to grow our ecosystem,” and “in terms of accelerating the state as a tech hub, it gives us more recognition globally because of our partners in the UAE.

“If the UAE is here, it is a signal to other partners across the globe. It also helps our start-ups here to get access to their market internationally and with that they can expand their revenue base.

Explaining the Africa roadshow, the Director, Commercial Events Management, Dubai World Trade Centre, Zarko Ackovik, said the organisers “recognize that Nigeria obviously has the largest ecosystem in the whole Africa.”

However, “we don’t see too much of African and Nigerian start-ups coming up for expansion, so instead of just sitting there, we decided to come to the region to offer the opportunity for the start-ups.

“The show brings them the opportunity to network, to go into competition, the $200,000 cash price money and the opportunity to take their start-ups there.

“It is not only just to compete and meet investors but also the exposure comes with a lot of the big media as well, and they create partnerships and networks, because the show brings 700 start-ups from over 60 countries, and investors coming from all over the world as well.

Also speaking, Akande Ojo of the United States-based Pinnacle International Consulting – country representative of Dubai World Trade Centre, explained that they have decided on African focus, Nigerian focus going forward.

“A winner gets accommodation, space as a start-up to showcase yourself, they engage with investors, because technically you are part of their programme,” he noted.

“This is the first time we are dealing with them to ensure that they can bring the event close to sub-Saharan Africa – Nigeria, Ghana, Rwanda, among others,” he disclosed.

“The idea is that many of our start-ups are talented but they don’t have that bridge to connect with, because they don’t have the resources.

“So, they bring it close to you, we try to see the real talent, so the only thing it costs you is your car fare to come here, not flying to Dubai.

“Eventually they will pick the top two each from Lagos and Abuja to be fully sponsored, and the rest the Lagos Government initiative – the Eko Innovation Centre, and NITDA can also support.

“The idea is just to allow more tech-preneuers to create more jobs and in return increase the foreign direct investment.”

The judges at the event were: Akeem Hassan, TA to the special adviser to the Governor on Innovation and Technology, Segun Cole, Co-founder Fund the Gap Alliance, Amos Udok, Representative NITDA, Ireayo Oladunjoye, Head, Startups Lagos state employment Trust fund, Oguntade Adeseye, Unit head, Innovation and Entrepreneurship ONDI and Olorunnisomo Olaoluwa Co-Founder, Seedbuilders Innovation and Foundation.


Kindly share this post

Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

Continue Reading
Advertisement
Comments

Uncategorized

Remedial Health Unveils New App with Digital POS to power operations for Africa’s Neighbourhood Pharmacies

Published

on

Kindly share this post

Remedial Health, a health tech startup that develops solutions to make Africa’s pharmaceutical value chain more efficient has unveiled an updated version of its customer-facing app, designed to function as an operating system for neighbourhood pharmacies and Proprietary Patent Medicine Vendors (PPMVs) across the continent.

The new app comes with a digital POS terminal to support payment collection, virtual business accounts to receive payments, an in-built barcode scanner feature for recording product sales and store-switch functionality to enable the seamless management of multiple stores, as well as inventory management solutions for restocking and easily identifying short-dated products.

The app also offers comprehensive financial reporting to manage profit and loss, and data analytics to inform decision making.

Despite accounting for 85 per cent of retail medicines sold in Africa’s pharmaceutical industry (projected to reach $70 billion market size by 2030), the absence of bespoke digital tools to manage their unique sales and inventory management needs means neighbourhood pharmacies and Proprietary patent Medicine Vendors (PPMVs) are unable to run their operations as effectively and profitably as possible.

At the same time, the reliance on paper-based inventory and sales management processes means manufacturers have limited empirical insights into customer behaviour to inform their decisions on production and distribution.

The new Remedial Health app has been designed specifically for healthcare businesses in Africa, with tailored features that have been designed to support effective decision making to drive business growth and profitability.

Starting in Nigeria, healthcare businesses can access vetted medicines, and manage their sales and inventory on one easy-to-use platform, freeing up time and capacity to effectively serve their customers and communities.

The app also enables Remedial Health to provide consolidated, real-time data on market behaviour to manufacturers for increased profitability and better decision-making across the value chain.

According to Samuel Okwuada, CEO, and co-founder of Remedial Health, “Neighbourhood pharmacies and PPMVs represent the frontline of healthcare delivery in Africa but they have historically been left to their own devices to figure out how to be efficient and profitable.

“Our mission is to empower these essential service providers with the tools they need to manage day-to-day operations and seamlessly run their practices effectively. We spent a lot of time interacting with our customers in the process of delivering this product and the feedback has been great.

“We are excited by the opportunity to get the app into the hands of pharmacies and PPMVs across the country to support their ongoing success, as well as the health and wellbeing of the nation”.

In 2023, Remedial Health sold more than 300 million individual packs of medicines to 7,500 hospitals, neighbourhood pharmacies and PPMVs across all 36 states of Nigeria.

Its customers also improved their profits by 30 per cent on average, with access to more than 8,000 vetted products at the same, or better than, open-air medicine market prices.

They can also access same-day delivery and leverage inventory financing to minimise cash-flow friction for routine orders and maximise sales opportunities.


Kindly share this post
Continue Reading

Uncategorized

EnterpriseNGR Expands Financial Centres to Three African Countries

Published

on

Kindly share this post

EnterpriseNGR has signed a Memorandum of Understanding to set up the Africa Roundtable of Financial Centres – a chapter of the World Alliance of International Financial Centres, in Mauritius, Morocco and Rwanda.

The MoU, signed recently in Mauritius, brought together EnterpriseNGR, the Economic Development Board of Mauritius, Casablanca Finance City Authority, and Rwanda Finance Limited to foster collaboration, promote investment opportunities, and drive sustainable development within the financial centres of its member countries and Africa at large.ort the exchange of best practices between members, enhance visibility regionally

A statement from EnterpriseNGR said that it was joining forces with the three countries to specifically pursue five key objectives.

These objectives include “Jointly strengthen the competitiveness of financial centres in Africa. Collaborate through projects, research papers, communiques, and events to position the African Continent, demonstrate the myriad of investment opportunities, and showcase the role that financial centres play within the African Continent.

“Conduct joint initiatives to supp and internationally, and provide African financial centres with a unified voice regionally and internationally.

“Facilitate the development of dialogue with major financial centres outside the African Continent and build communication channels with African institutions, including regulators and policymakers, as well as African financial services industry associations, and advocate for regulatory coordination amongst members of the Africa Roundtable to promote cross-border investments and financial services.”

Commenting on this collaboration, the Chairperson of the Africa Roundtable, Mr Ken Poonoosamy, said, “The signing of the Memorandum of Understanding for the Africa Roundtable of the WAIFC represents a pivotal stride in fostering synergy among financial hubs within the African sphere, with the shared objective of catalysing economic advancement across the continent.”

Ms Obi Ibekwe, the Chief Executive Officer of EnterpriseNGR, represented by the Director of Policy & Public Affairs, Mr Lami Adekola, expressed her excitement over the development.

She said, “It is a historic achievement, and EnterpriseNGR fully endorses the Africa Roundtable of the WAIFC and is excited for the immense opportunities it represents for Nigeria and the African continent. Our collaboration with the four African countries promises to bolster financial competitiveness on the Continent and amplify Africa’s global presence.

We will leverage this Roundtable to unlock the full potential of African financial centres to drive prosperity and development for our nations and beyond.”

EnterpriseNGR became a member of WAIFC in 2023 during the WAIFC board meeting hosted by TheCityUK in London.

The MoU, which was signed recently in Mauritius, brought together EnterpriseNGR, the Economic Development Board of Mauritius, Casablanca Finance City Authority, and Rwanda Finance Limited, to foster collaboration, promote investment opportunities, and drive sustainable development within the financial centres of its member countries.

A statement from EnterpriseNGR said that it was joining forces with the three countries to pursue five key objectives.

According to the group, these objectives include “jointly strengthen the competitiveness of financial centres in Africa. Collaborate through projects, research papers, communiques, and events to position the African continent, demonstrate the myriad of investment opportunities, and showcase the role that financial centres play within the African continent”.

It added that it would enable it to “Conduct joint initiatives to support the exchange of best practices between members, enhance visibility regionally and internationally, and to provide African financial centres with a unified voice regionally and internationally.

Facilitate the development of dialogue with major financial centres outside the African Continent and build communication channels with African institutions, including regulators and policymakers, as well as African financial services industry associations, and advocate for regulatory coordination amongst members of the Africa Roundtable to promote cross-border investments and financial services”.

Commenting on the collaboration, the Chairperson of the Africa Roundtable, Mr Ken Poonoosamy, asserted, “The signing of the Memorandum of Understanding for the Africa Roundtable of the WAIFC represents a pivotal stride in fostering synergy among financial hubs within the African sphere, with the shared objective of catalysing economic advancement across the continent.”

Ms Obi Ibekwe, the Chief Executive Officer of EnterpriseNGR, represented by the Director of Policy & Public Affairs, Mr Lami Adekola, expressed her excitement over the development.

She stated, “It is a historic achievement, and EnterpriseNGR fully endorses the Africa Roundtable of the WAIFC and is excited for the immense opportunities it represents for Nigeria and the African continent.

“Our collaboration with the four African countries promises to bolster financial competitiveness on the Continent and amplify Africa’s global presence. We will leverage this Roundtable to unlock the full potential of African financial centres to drive prosperity and development for our nations and beyond.”


Kindly share this post
Continue Reading

Uncategorized

5 Emails You Should Delete Instantly

Published

on

Kindly share this post

Amidst the daily influx of emails flooding into your inbox, it’s crucial to remain vigilant for signs of potential cyber threats. Keep a lookout for these seemingly innocent phrases that could spell trouble for your cybersecurity.

Trevor Cooke, the online privacy expert at EarthWeb, identifies five phrases you can search for in your inbox to weed out dangerous messages.

1. “Urgent Action Required”

Trevor advises, ‘This phrase often indicates an attempt to create a sense of urgency and pressure the recipient into taking immediate action without thoroughly considering the consequences.’ Cybercriminals may use this tactic to trick individuals into clicking malicious links or downloading harmful attachments.

Example: “Your account has been compromised. Urgent action required to secure your account. Click here to verify your login credentials.”

2. “Account Suspension”

Emails claiming that your account will be suspended unless immediate action is taken should raise suspicion. Cybercriminals often employ this tactic to coerce recipients into providing sensitive information or credentials under the guise of resolving a purported issue.

Example: “Your account will be suspended within 24 hours due to suspicious activity. To avoid account suspension, please confirm your account details by replying to this email.”

3. “Congratulations! You’ve Won”

Beware of emails proclaiming unexpected winnings or prizes, especially if you haven’t participated in any contests or lotteries. Trevor says, ‘Such emails often serve as bait to lure recipients into divulging personal information or clicking on malicious links.’

Example: “Congratulations! You’ve won a luxury vacation package. Click here to claim your prize by providing your personal details.”

4. “Click Here For A Special Offer”

Phrases enticing recipients to click on links for exclusive deals or offers should be approached with caution. Cybercriminals frequently use this tactic to redirect users to phishing websites designed to steal login credentials or install malware on their devices.

Example: “Don’t miss out on our limited-time offer! Click here to claim your 50% discount on all purchases.”

5. “Unusual Login Activity Detected”

‘Emails alleging suspicious or unauthorized access to your accounts aim to incite panic and prompt immediate action,’ notes Trevor. However, legitimate service providers typically communicate such notifications through their official platforms rather than through email.

Example: “We detected unusual login activity on your account. Click here to verify your identity and secure your account.”

How To Respond

Trevor recommends, ‘Upon encountering emails containing red flag phrases indicative of potential threats, the best course of action is to delete the email immediately and block the sender. Refrain from clicking on any links or downloading attachments to safeguard your personal information and maintain tight cybersecurity.’


Kindly share this post
Continue Reading

Trending