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Spatialedge, an AI Startup Based in South Africa, Secures $3.1 Million in Funding
Spatialedge, a South African startup providing data and applied artificial intelligence (AI) solutions, has raised ZAR60 million (US$3.1 million) to further its goal of revolutionising the retail sector.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Comparing Business Models for Scaling Access to Productive Use of Energy Appliances in Agriculture: The Advantages of Pay-Per-Use
Productive Use of Energy (PUE) appliances — including solar refrigerators, water pumps and more — can boost productivity, income and quality of life in vulnerable communities. But as Ankur Singh, Argha Ghose and Clementine Chambon at Oorja explain, challenges like high upfront costs, lack of financing and poor after-sales service hinder their adoption among these consumers. They explore several business and end-user financing models that can support PUE uptake in agriculture, and explain why the pay-per-use model is uniquely suitable for low-income consumers.
- Categories
- Agriculture, Energy, Finance, Technology
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Rwanda Gets €100 Million from European Investment Bank For Sustainable Agriculture
This initiative aims to transform rural Rwandan agriculture by making credit more accessible to agritech startups and agribusinesses.
- Categories
- Agriculture, Technology
- Region
- Sub-Saharan Africa
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Fship Ties up With India Post for Last-Mile Delivery of E-commerce Products
The collaboration will benefit Direct-to-Consumer (D2C) startups as well as small and medium businesses across India by enhancing last-mile delivery services for e-commerce products, the company said.
- Categories
- Technology
- Region
- Asia Pacific
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Microsoft Announces US $2.2 Billion Investment to Fuel Malaysia’s Cloud and AI Transformation
Today, Microsoft announced it will invest US$2.2 billion over the next four years to support Malaysia’s digital transformation – the single largest investment in its 32-year history in the country.
- Categories
- Investing, Technology
- Region
- South Asia
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Norrsken22 Invests $205 Million in Africa’s Growing Fintech Sector
Lexi Novitske expects a rebound beyond pre-2020 levels despite a dip in 2023.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Taking Stock of India’s Fintech Landscape: A Venture Capital Firm Shares Six Insights from One of the World’s Most Vibrant Investment Markets
The global team at Quona Capital — a venture capital firm focused on inclusive fintech — recently concluded a visit to India, during which they immersed themselves in the local fintech ecosystem. Michel Zaidler at Quona shares six insights they gathered from several of their Indian portfolio companies, and from these companies' customers and other fintech thought leaders. He highlights some of the groundbreaking business models these fintechs are using, and explains why the Indian market offers unique opportunities to investors.
- Categories
- Agriculture, Finance, Investing, Technology
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Analysis: AI in Africa Opens up New Battlefront for China, US
The US and China are in a new race to shape the development, use and governance of artificial intelligence in Africa, even as African countries scramble to devise their own AI policies.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa