The first of its kind Women in FinTech Hackathon is currently underway in Kampala with 15 women led and dominated teams taking part. The participants are conceptualizing and developing different financial inclusion products with special focus on women in areas such as payments, lending, saving, e-commerce, e-education and e-agriculture among others.
As part of the project, all teams are interacting with a pool of facilitators, mentors and assessors pulled together from all over the world but mainly accessible remotely via ID8, Slack and other virtual platforms.
Organized by HiPipo under its Include EveryOne program in partnership with Crosslake Tech, ModusBox, Mojaloop Foundation and Level One Project, this women focused hackathon will culminate in to the Women in FinTech summit on Friday 18th September.
“We are excited to deliver this. Day One had all teams get introduced to latest financial inclusion tools, detailed discussions around level one principles, submission of each team’s problem statement and business case,” Nicholas Kalungi, the COO of HiPipo, noted on Saturday 12th September, the first day of this Hackathon.
He added; “The next four days are very crucial to the success of each team. The teams are doing their work and getting continuous guidance from facilitators, mentors and assessors both on site and remotely. We are convinced that this is the start of something amazing for all of the participants.”
The Women in FinTech Hackathon and Summit come at the back of the great success of the recently concluded 40 Days 40 Fintechs initiative and the FinTech Landscape Exhibition that attracted over 100 financial sector organisations from all over the world, between May 13 and July 30th 2020.
12 September: Women in FinTech hackathon kicks off.
14th to 17th September: Women in FinTech hackathon underway.
18th September: Women in Fintech summit.
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15 Teams shortlisted for Women in FinTech Hackathon
As part of its on-going Financial Inclusion efforts in Uganda and across Africa, HiPipo is implementing the Women in FinTech hackathon and summit this month. 15 women-led teams have been announced for the Women in FinTech hackathon slated for 12th to 17th September at Hive Colab, Kamwokya, with the exception of Sunday 13th.
The participants will for 5 days conceptualize and develop products for enhancing women financial inclusion in Uganda and across Africa. They will network with fellow Developers and Facilitators from across the World, receive Mentorship from Industry Players and Business Leaders, get access to latest infrastructure and technology in addition to taking home a variety of prizes.
Organized by HiPipo under its Include EveryOne program in partnership with Crosslake Tech, ModusBox Mojaloop Foundation and Level One Project, this women focused hackathon will culminate in to the Women in FinTech summit on Friday 18th September.
“We received close to 30 team entries for this first of its kind women focused hackathon. Unfortunately, we couldn’t accommodate all of them this year. We thus shortlisted 15 teams that ticked all the project boxes,” Nicholas Kalungi, the Chief Operating Officer of HiPipo noted while announcing the teams, adding;
“Registration was the easier part of the project. The hard work will start on Saturday 12th as the teams will get down to developing ‘would be world changing and lifesaving products and services’. The 15 teams’ leaders and majority of their members are women. This is part of our contribution to addressing the huge gender diversity challenge that currently exists in the financial technology space.”
The Women in FinTech Hackathon and Summit come at the back of the great success of the recently concluded 40 Days 40 Fintechs initiative and the FinTech Landscape Exhibition that attracted over 100 financial sector organisations from across Africa, between May 13 and July 30th 2020.
The 15 Teams shortlisted for Women in FinTech Hackathon
Yo Uganda Limited
Kanzu Code Ladies
Ephrance Eunice Namugenyi
17th August to 4th September: Online Registration.
4th to 8th September: Eligible participants announced.
12 September: Women in FinTech hackathon kicks off.
14th to 17th September: Women in FinTech hackathon underway.
18th September: Women in Fintech summit.
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Author: Editor15 Teams shortlisted for Women in FinTech Hackathon
Hilda Kabushenga appointed new ROAM Africa Jobs MD
Ringier One Africa Media (ROAM Africa) has announced the appointment of Jobberman Nigeria CEO, Hilda Kabushenga Kragha as the new Managing Director of ROAM Africa Jobs.
ROAM Africa’s Jobs brands are the dominant recruitment solutions platforms in Africa, including BrighterMonday in East Africa (focusing on Kenya, Tanzania and Uganda) and Jobberman in West Africa (focusing on Nigeria and Ghana). Hilda takes over from Kwaku Agbesi, who chose to fully focus on his role as CEO of Jobberman Ghana and give his undivided attention to unearthing the big potential in his home country. Hilda will also join ROAM’s ExCo Team, making her the fourth woman on the seven person team.
Hilda joined Jobberman Nigeria as CEO in June 2019, bringing a wealth of consulting and human capital development experience to the role. Under her leadership, Jobberman Nigeria has strengthened its position as Nigeria’s largest jobs platform, with over 2 million job seekers and 68,000 employers.
Commenting on her new role, Mrs Kragha said, “I am really excited to be taking on this role within the ROAM family. ROAM Africa’s Job brands have long been industry leaders in their markets; harnessing the power of technology to increase workplace productivity by supporting employers to place the right person in the right role and I feel privileged to be leading the BrighterMonday and Jobberman brands to the next level. With Africa’s growing youth population and all the other employment-related challenges the continent is facing, ROAM Africa is well-positioned to bring transparency to Africa’s labour markets all while connecting Africans to work opportunities that will improve their livelihoods.
Clemens Weitz, CEO of ROAM Africa, added, “Hilda’s passion and concise vision made her the ideal person for the role and a fantastic addition to the ExCo team. She brings a wealth of experience and capability to the role, and I am looking forward to seeing her drive the ROAM Africa Jobs brand forward.
“I am also especially proud to have the majority of the ExCo team now chaired by female leaders – certainly an exception in Africa. I am looking forward with optimism and excitement to work together to transform the Jobs market across Africa.”
Hilda’s main focus will remain in Nigeria until the end of the year, whilst recruiting a successor in Nigeria, starting from January 2021.
Read About: Jobberman, Mastercard to place 3 million Nigerians in employment by 2025
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Author: EditorHilda Kabushenga appointed new ROAM Africa Jobs MD
Charlette N’Guessan wins the 2020 Engineering Innovation prize
Charlette N’Guessan, a Cote D’Ivorian technology entrepreneur in Accra, was announced winner of the Royal Academy of Engineering’s prestigious 2020 Africa Prize for Engineering Innovation. She becomes the first-ever woman to win the Africa Prize, and the first based in Ghana.
The 26-year-old N’Guessan and her team developed BACE API, a software that uses facial recognition and artificial intelligence to verify identities remotely. The software can be integrated into existing apps and systems and is aimed at financial institutions and other industries that rely on identity verification when providing services.
The BACE API software uses a phone or computer’s built-in camera and does not need special hardware, and in contrast to global AI systems, has been developed specifically to identify Africans.
N’Guessan won the first prize of £25,000 at a virtual awards ceremony where four finalists delivered presentations, before Africa Prize judges, and a live audience voted for the most promising engineering innovation.
The other three runners up, who each receive £10,000, are:
Farmz2U, Aisha Raheem from Nigeria – a digital platform that provides farmers with tailored agricultural data to improve their experience and efficiency.
PapsAI, Dr William Wasswa from Uganda – a low-cost digital microscope that speeds up cervical cancer screening diagnosis, and systems to improve patient record management.
Remot, David Tusubira from Uganda – a system that manages off-grid power grids by monitoring the condition of solar arrays.
The Africa Prize for Engineering Innovation, founded by the Royal Academy of Engineering in the UK in 2014, is Africa’s biggest prize dedicated to engineering innovation and has a proven track record of identifying successful engineering entrepreneurs.
Now in its sixth year, it supports talented sub-Saharan African entrepreneurs with engineering innovations, that address crucial problems in their communities in a new and appropriate way.
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Author: EditorCharlette N’Guessan wins the 2020 Engineering Innovation prize
List of the 2020 Africa’s Business Heroes top 20 finalists
The Africa Business Heroes competition has announced the top 20 finalists for its 2020 prize. It is from these that they will be selecting the top 10 startups among them to pitch at the grand finale.
The competition, a flagship philanthropic program established by the Jack Ma Foundation’s Africa NetPreneur Prize Initiative (ANPI), says the 20 entrepreneurs have a chance to become one of the ten entrepreneurs entering the grand finale, and competing for their share of the US$1.5 million prize pool.
The 2020 Africa’s Business Heroes top 20 finalists
These are from the pool of over 22,000 applications that came in from all 54 African nations earlier this year. They represent 11 key sectors and industries of the African economy, such as agriculture, fashion, education, healthcare, manufacturing, e-commerce, renewable energy, financial services, food & beverage services, retail, transportation, and span 14 countries.
Abdulai Dasana from Ghana’s Amaati
Aboubakar Karim from Ivory Coast’s Investiv
Ahmed Adel from Egypt’s Mogassam
Amr Shawqy from Egypt’s ExpandCart
Axel Gbaou from Ivory Coast’s Le Chocolatier Ivoirien
Chebet Lesan from Kenya’s BrightGreen Renewable Energy
Chinedu Azodoh from Nigeria’s Metro Africa Xpress
Cyrille Nkontchou from Cameroon’s Enko Education
Ethel Mupambwa from Zimbabwe’s MoneyMart
Fatima Zahra from Senegal’s So’ Fatoo
Ifeoluwa Olatayo from Nigeria’s Soupah Farm-en-Market
Joan Rukundo Nalubega from Uganda’s Uganics Repellents
Diarra Bousso from Senegal’s Dakar Boutique
Myriam Fournier from Algeria’s Sungy
Naluyima Emma from Uganda’s MST Junior School
Oluwasoga Oni from Nigeria’s MDaaS Global
Samir Ibrahim from Tanzania’s SunCulture
Shannon Smuts from South Africa’s Pure Good Food
Vena Arielle from Benin’s Kea
Wuleta Lemma from Ethiopia’s Lalibela Networks
These will now progress to the semi-final stage of the competition where they will face scrutiny from a 7-judge panel.
Read About: SoO Listings App brings local businesses right at your fingertips
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Author: EditorList of the 2020 Africa’s Business Heroes top 20 finalists
SoO Listings App: Local businesses right at your fingertips
The world today dictates that everything ought to be online, or else you might miss out on potential clients. One innovation that keeps this in sight is the SoO Listings app.
SoO is an acronym for Society Organized. The app gathers a community of businesses and service providers beyond the normality of a business directory. The app is basically a revolutionary way for people to access services and products.
SoO Listings puts great local businesses right at your fingertips.
Whether you’re looking for a new pizzeria, a great coffee shop nearby, a new salon, or the best handyman in town, SoO Listings is the city and travel guide to finding the perfect places to eat, shop, drink, relax, visit and play.
You can read online reviews, browse photos and menus, order takeout from favourite spots, make reservations, see hours, locations, and other important information for any business you’re looking for. The app also lets you discover new foods, hot spots, places for shopping and local businesses near you.
SoO Listings app features
Find restaurants and food delivery near you
SoO Listings shows all the newest, hottest and top rated places to eat and bars to drink nearby. You get to read restaurant reviews from other SoO Listings users and scroll through photos to help you decide where to go. You can also get amazing food deals for dining and delivery places nearby, as well as plan dinner reservations for trips in advance.
Review, discover, and add photos
In the SoO app, you can discover local events, businesses and services by just looking up addresses and phone numbers for businesses nearby. Then, you can read and write reviews, check-in to local businesses, upload photos and add tips for other SoO Listings users. The app lets you easily browse photo galleries and add photos to share experiences.
Find shops, get quotes, and hire professionals
The app lets you find the coolest stores and top rated body shops complete with customer reviews and contact info. You can then be able to hire local professionals for home renovation, car repair, car transport, landscaping, moving, and other hiring services. The app also enables you easily get quotes from these professionals, message them, and book appointments online.
The app links professionals and freelancers to potential clients through a unifying platform where the former list and post their businesses for the app users to see. Some of the interesting features on the app is the ability to add story-like images to your profile which other users are able to view and check out.
Download the app here to get join the SoO community.
Read About: The 2020 Kampala Innovation Week is going virtual
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Author: EditorSoO Listings App: Local businesses right at your fingertips
Kampala Innovation Week (KIW) 2020, the fourth in the event series, will be held virtually for the first time. This has been announced by Startup Uganda, an association of Ugandan Innovation and Entrepreneurial Support Organizations (IESOs) that currently counts 20 members.
Under the theme “Recovery & Resilience: Innovation and Entrepreneurship as a tool for the youth” the event will be held virtually from 26th to 28th of November 2020.
The KIW 2020, supported by the UN Capital Development Fund (UNCDF), the International Trade Center (ITC), the United Nations Development Program (UNDP) and Enabel, aims to bring together startups, social innovators, investors, corporations, development partners and government ministries, agencies and departments to discuss the impact of the COVID-19 pandemic on entrepreneurship and innovation in Uganda.
More specifically, a range of innovative solutions related to the COVID-19 pandemic challenges as well as opportunities that have emerged will be discussed.
The three-day event aims to:
Explore the different ways in which SMEs can recover and thrive in a post COVID-19 economy.
Highlight the ways in which various eco-system stakeholders (ESOs, governments, academia, investors etc.) can contribute to these recovery efforts.
Share case studies of entrepreneurs and startups who have demonstrated resilience and innovation in tackling the impact of the pandemic .
“The COVID-19 pandemic has had various effects on businesses. Businesses have had to reframe their models, repurpose their work streams, halt operations, or close to mention but a few. Going forward, the recovery and resilience of small and medium enterprises is critical in ensuring that lives and livelihoods are improved.” –Richard Zulu, Startup Uganda.
“COVID-19’s disruption to ‘normal’ ways of work and business across many sectors has made many more receptive to using digital solutions to address day to day challenges,” says Chris Lukolyo, the Digital Country Lead at UNCDF. “Supporting initiatives like the Kampala Innovation Week is one of the ways through which UNCDF promotes inclusive innovation to deliver services for the local digital economy.”
“We realized that we have a lot in common with Startup Uganda. Both our work involves supporting SMEs, tech hubs and startups within the Ugandan ecosystem to participate in profitable businesses through which jobs are created for the youth, men and women. The plan is to synergize the efforts of Startup Uganda and the Netherlands Trust Fund (NTF IV) Uganda project for the good of the Ecosystem by bringing together entrepreneurs, buyers, investors (both local and foreign) and policy makers to make a comfortable environment for business linkages and knowledge sharing” says John Ndabarasa, Startup Engagement Associate at NTF IV Uganda and #FastTrackTech projects of the UN – International Trade Centre
Due to the prevailing COVID-19 pandemic and the associated social distancing guidelines, the KIW will this year be primarily virtual, and will leverage robust online resources and learning opportunities across the global innovation space to meet the needs of the startup ecosystem in Uganda. This virtual experience will include provoking conversations from thought leaders on the latest in Ugandan innovations, and collaborative discussions on concrete next steps for the startup ecosystem.
Some foreseen discussion topics include the following: “Shifting from damage control to sustainable renewed methods of conducting business; “Policy and investment dialogue for ‘the new normal’”, and “Staying ahead of the curve in order to thrive and not just survive”.
Over the course of three days, over 2000 attendees will be able to engage and network with speakers and peers, attend sessions of their choice, and virtually browse through the exhibition halls in real time through the event platform, Whova.
To register or exhibit at the event visit the Kampala Innovation Week website.
Read About: These are the 2020 Ecobank FinTech Challenge winners
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Author: EditorThe 2020 Kampala Innovation Week is going virtual
These are the 2020 Ecobank FinTech Challenge winners
Ecobank Group has announced the winners of its 2020 Ecobank Fintech Challenge following a virtual event streamed live from Accra, Ghana. Nokwary Technologies, from Ghana, emerged the winners of the competition – with the first and second runner up spots were taken by Ukheshe Payment Solutions and Growth Factor Technologies respectively.
The 1st to 3rd place winners will receive cash prizes worth US$10,0000, $7,000 and US$5,000 respectively.
Nokwary, from Ghana, is a fintech that uses AI to promote financial inclusion. Its AI Powered banking solution offers an opportunity for users to carry out transactions in a language to which they are familiar to using popular social media channels like Whatsapp.
South Africa based Ukheshe, which came in second, provides a bridge between the card and the cash economy. It has created the world’s first card acceptance platform that allows unbanked merchants/traders to accept and make digital payments.
In third place, Growth Factor is a fintech company that provides trade financing solutions designed for Micro-Small/Medium Entities (MSMEs) in order to encourage financial inclusion and growth. Its Nvoicia solution solves cash flow issues caused by delayed payments for SMEs, by enabling them to get paid in 24hrs when dealing with credit clients.
This year’s Finalists made it through an extremely competitive pool of over 600 applicants across Africa, Europe, North America and Asia.
All ten (10) finalists have officially been inducted into the Ecobank Fintech Fellowship, a one-year program which will give them the opportunity to explore opportunities for commercial partnerships with the Ecobank Group, and to possibly launch and scale products across Ecobank’s 33 country markets in the continent.
Read About: 40 DAYS 40 FINTECHs: Simplifying payments interoperability
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Author: EditorThese are the 2020 Ecobank FinTech Challenge winners
NALA is turning into a personal finance management tool
For a while now, making transactions has been an easy job for anyone that has the NALA app installed on their smartphone. The Send button has made it easy for one to send out money to friends and family without having to worry about USSD codes and the memorization that comes with them. Unfortunately, this is now the past.
The NALA app has already shifted from enabling transactions into a financial management tool. With the new update, you should be in position to keep track of your mobile money and banking transactions.
Let’s take a look at the new features coming with the app update.
Full transaction history
You can now see the total amount of money coming in and out of your accounts. The app will relay a full list of all your transaction history – including the ones made using your mobile banking accounts, your cash flow, as well as a total balance across your accounts.
Categorization of transactions
The NALA app also now lets you easily add categories to all your transactions. This will give you better analytics – showing behaviours and patterns in your spending.
Spending pattern analytics
You should be able to analyze your spending patterns based on your transaction categories. With a smart transaction history and an analytics tool, you can track and monitor all your spending to help you budget better and achieve your goals.
NALA now lets you create personal as well as business/project profiles in the app. You can even tag specific transactions as either business or personal transactions. This will help you find patterns and make better business decisions.
Key to note is that the NALA app works even without an internet connection.
Update your app here to enjoy these new NALA features
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Author: EditorNALA is turning into a personal finance management tool
2Gule: The ultimate place to shop online and ship to Uganda
Have you tried to shop online from sites abroad such as Amazon, Fashion Nova, or even eBay for your favourite products but decided against it because the sites don’t ship to Uganda? Well, this is a common tale among Ugandans who have never been fans of importing goods because of the various red tape associated with it. Well, 2Gule is here to sort this out for you!
Basically, the 2Gule experience helps you buy all that you want, when you want it, at the best price, and have it delivered straight to you. You don’t have to give up, and worst of all settle for counterfeit products on the market because you can’t get what you want from the USA/ UK or Canada. The site gets you around shipping restrictions once and accords you with the quality products you need.
And you do not need to register for anything to use 2Gule, no! You just need to browse whatever you want from your favourite brands around the world, and easily take advantage of the sales and promotions that come with it.
How does 2Gule work?
It is simple and task free! All you have to do is go online and look out for the products you want from the USA/ UK & Canada. Then visit the 2Gule website or social media channels (@2guleofficial) and send in the link to your product, or just a simple description of the items you want to buy.
Afterwards, the 2Gule team will send you a quotation with the total cost including; Cost of product, shipping costs and taxes on arrival. Interestingly, you only have to pay just 60% of the total price for the item to be bought and shipped, after which you pay for the taxes on arrival. Did we mention that all this is done in under 14 -21 days. Yes, 14 – 21 days only!
You will receive an email from 2Gule as soon as your goods arrived at the company’s offices in the USA and you can then choose to either have them delivered to you when they get to Uganda, or to pick them up from their pickup point. You should be contacted the moment the goods are ready to be picked up. Here, you will be required to pay the remainder 40% as you receive your product.
In the event that you already bought your goods or have items still stuck in the USA/UK or Canada, 2Gule can still help you ship them into Uganda, pay the customs fees and deliver them safely to you. Their fees range from $8 to $9 per pound of weight including shipping fees and tax on arrival, the cheapest on market at the moment.
What do you stand to gain from 2Gule?
Basically, 2Gule was built to cater for the loopholes currently present in importation market space.
They promise a reliable and fast service with less shipping time. The company boasts of partnership agreements with various airfreight companies and airlines, which guarantee that your goods will always arrive on time within 14 – 21 days of your purchase/ order.
You also get to be provided with shopping assistants. Where have you experienced that? 2Gule can do the shopping for you if your payment method isn’t accepted by the platform from which you are buying or even if you are having trouble finding a verified seller online.
The company promises to offer you security, as you only have to pay 60% before purchase, and then the 40% upon delivery of your goods. They also help you pay for the import tax and duty plus any hidden fees at customs. Attractive, right?
If you make numerous orders here and there, you don’t have to worry about these coming in bits. 2Gule consolidates your orders by combining them under one tracking number. So, all your packages will be delivered together and you only pay once for all the orders. And this happens at the best rates on the market. You can be sure to enjoy the best shipping rates at 2Gule with weekly reviews of airfreight routes and partnership agreements.
Upon making your purchase, 2Gule gives you a tracking number off which you can track the progress of your order in real-time. This is done by going to the website, logging in with your details and inputting your tracking number so as to get updated with the progress of your order.
You can check out their YouTube channel, where they educate about everything to do with importation of goods into Uganda. This includes tutorials on how to use 2Gule to comparison videos showing the difference between original products obtained from verified sellers and the counterfeit products on market here in Uganda.
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Author: Editor2Gule: The ultimate place to shop online and ship to Uganda