| | | | | Today's Menu ☕️
💰 Go Time AI: Resilience17's Accelerator Offers Up to $200,000 to African AI Startups
🤖 OpenAI Unveils 'Deep Research' AI Tool for Advanced Report Generation
☕️ Actis Exits as Java House Gets New African Owners
🛒 TradeDepot expands into food manufacturing with its new brand, Mangrove
💵 Foundation Ventures Secures $25 Million to Fuel Egypt's Startup Ecosystem |
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| | | | | If you haven't subscribed, join over 7,000 people curious about Innovation, New Products, New Technologies in Africa. | |
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| | | | | 💰STARTUPS | Go Time AI: Resilience17's Accelerator Offers Up to $200,000 to African AI Startups | | As artificial intelligence continues to shape the future of technology, Resilience17, the venture fund and studio founded by Flutterwave CEO Olugbenga "GB" Agboola, is taking bold steps to accelerate AI innovation in Africa. Through its newly launched Go Time AI accelerator, the firm is offering African startups working on AI-driven solutions up to $200,000 in funding, along with mentorship and technical support. | Launched in 2024, the accelerator aims to bridge critical gaps in funding, infrastructure, and expertise that many African AI startups face. Startups selected for Go Time AI receive an initial $25,000 investment, with the opportunity to secure up to $175,000 in additional funding based on performance and progress......…continue reading |
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| | | | | 🤖 ARTIFICIAL INTELLIGENCE | OpenAI Unveils 'Deep Research' AI Tool for Advanced Report Generation | | OpenAI has introduced a new AI tool, Deep Research, designed to produce detailed, research-level reports within minutes. According to OpenAI, Deep Research can complete in minutes what would typically take hours for a human researcher. The AI-powered tool analyzes, synthesizes, and consolidates information from hundreds of online sources, providing comprehensive insights at the level of a professional research analyst. | Deep Research is an AI agent, meaning it can autonomously perform tasks on behalf of users. It is powered by a version of OpenAI's latest O3 model, optimized for web browsing and data analysis. The tool can search through vast amounts of text, images, and PDFs to generate a structured and fully documented research report......…continue reading |
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| | | | | ☕️ FOOD & BEVERAGES | Actis Exits as Java House Gets New African Owners | | Kenya's renowned coffee and casual dining chain, Java House, is set for a new chapter as Actis, its current owner, exits the company, selling it to Africa-focused private equity firms Alterra Capital and Phatisa Group. This marks Java House's fourth ownership change in 12 years, reflecting the continued investment interest in East Africa's food and beverage industry. | According to a notice from the COMESA Competition Commission, Mauritius-based Alterra Capital will hold a majority stake in the company, though financial details of the deal remain undisclosed....…continue reading |
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| | | | | TRAININGS FROM TENTH CODE MEDIA | | Data is the lifeblood of modern organizations, driving decisions, strategies, and innovation. Come explore the fundamentals of data analytics, equipping you with the knowledge and tools to derive insights, solve problems, and support informed decision-making. | 👉🏽 Click here to register - (Starts 08 February 2025) |
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| | | | | 🛒 ECOMMERCE | TradeDepot expands into food manufacturing with its new brand, Mangrove | | TradeDepot, a leading B2B e-commerce platform, is entering food manufacturing with its new brand, Mangrove, aiming to provide affordable, high-quality food products such as sardines, rice, flour, and canned fish. Traditionally focused on connecting FMCG manufacturers with retailers, the company is now producing its own goods to combat rising food costs and inflation in Nigeria, which has reached 34.8%. | With shrinking consumer purchasing power, Mangrove seeks to eliminate the "brand tax", the premium paid for well-known food labels, by sourcing quality ingredients at lower costs. Although not officially launched, Mangrove has already attracted distributors via TradeDepot's online platform......…continue reading |
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| | | | | 💵 INVESTMENTS | Foundation Ventures Secures $25 Million to Fuel Egypt's Startup Ecosystem | | Egypt's startup ecosystem just received a major boost as Foundation Ventures, a Cairo-based venture capital firm, successfully closed the first round of its $25 million fund, FVFII. The fund aims to nurture Egypt's entrepreneurial landscape, providing early-stage startups with the capital and support needed to scale both regionally and globally. Additionally, a portion of the fund will be directed toward promising African startups, reinforcing Egypt's role as a growing hub for innovation across the continent. | The new fund has attracted high-profile investors, including the Egyptian American Enterprise Fund (EAEF), the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), and renowned investor Onsi Sawiris. Their backing signals a shared commitment to building disruptive businesses, strengthening Egypt's venture capital sector, and propelling local innovation onto the global stage.....…continue reading |
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| | | | | OPPORTUNITIES | Applications are now open for the latest edition of the Tony Elumelu Entrepreneurship Programme (TEEP), designed to support startups through comprehensive training, mentorship, and a funding opportunity of US$5,000 Deadline = 1st Mar 2025……..continue reading Global payment card network Visa has announced the opening of applications for the fourth edition of its biannual Africa Fintech Accelerator. Deadline = 15th March 2025…….continue reading Applications are now open for the Timbuktoo MineTech Accelerator programme, a groundbreaking initiative by the Timbuktoo MineTech Hub aimed at driving innovation in mining technology, empowering startups, and scaling transformative technologies within the African mining sector. Deadline = 13th February 2025…..continue reading
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Innovation Village |
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