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High Remittance Costs to Sub-Saharan Africa and the Role of Technology

Sending money to sub-Saharan Africa remains costly, with senders incurring an average fee of 8.37% per transaction as of the second quarter of 2024. CNN This figure significantly exceeds the United Nations' Sustainable Development Goal 10 target, which aims to reduce remittance costs to less than 3% by 2030. High Remittance Costs in Sub-Saharan Africa…

23 hours ago0Comments

Byrwandatechnews

Startup

StarkWare Launches $4 Million Fund to Empower African Blockchain Startups

StarkWare, an Israeli blockchain infrastructure firm valued at $8 billion, has introduced a $4 million fund to invest in pre-seed and seed-stage startups across Africa. This initiative aligns with the continent's growing embrace of blockchain technology, offering a timely boost to innovation in the sector. About StarkWare Established in 2018 by Eli Ben-Sasson, Uri Kolodny,…

February 9, 20250Comments

Byadmin

Startup Top Story

DeepSeek AI challenges Silicon Valley

Chinese AI start-up DeepSeek has captured global attention by unveiling the technical blueprint for its groundbreaking AI model, R1. This move has positioned the company as a major player in artificial intelligence, challenging US tech giants like OpenAI and Google DeepMind. DeepSeek's success highlights China's growing AI capabilities, even amidst US sanctions restricting access to…

January 27, 20250Comments

Byrwandatechnews

Startup

Africa: The New Frontier of Fintech Innovation

The Rise of Fintech in Africa: A Digital Revolution Africa is experiencing a financial revolution, and fintech is at the forefront. As traditional banking struggles to meet the needs of a rapidly growing population, innovative fintech solutions are stepping in to fill the gap. From mobile money to digital lending, African fintech companies are reshaping…

October 27, 20240Comments

Byadmin

Startup Top Story

Why Investors are Eyeing Rwanda’s Tech Scene

Rwanda's tech scene is buzzing with potential, catching the attention of global investors seeking the next big opportunity. This East African nation, once known primarily for its tragic history, is now making headlines for its rapid technological advancement and investor-friendly policies. But what's driving this surge of interest in Rwanda's digital landscape? From cutting-edge drone…

October 9, 20240Comments

Byrwandatechnews

Global News Startup

Can Africa’s Manufacturing Keep Pace with the Global Beauty Industry?

The global beauty industry, valued at over $500 billion, is experiencing rapid growth, with projections indicating continued expansion in the years to come. As global beauty brands race to innovate and meet demand, manufacturing capabilities, particularly in emerging markets like Africa, are under scrutiny. By 2030, business-to-business manufacturing spending in Africa is expected to reach…

September 23, 20240Comments

Byrwandatechnews

Startup Women In Tech

Zoho growth in Nigeria

Zoho, a global technology company, has announced a 31% growth in Nigeria in 2023, marking a significant milestone in one of its key African markets. Zoho’s commitment to supporting local businesses through its 55+ apps, available in Naira, has helped companies navigate fluctuating dollar rates. In addition to its growth, Zoho prioritises community initiatives, focusing…

September 22, 20240Comments

Byrwandatechnews

Global News Startup

Lionsgate AI collaboration

Lionsgate, the studio behind blockbuster series like The Hunger Games and John Wick, has announced a groundbreaking collaboration with artificial intelligence (AI) company Runway. The deal will allow Runway to train a new AI model on Lionsgate's extensive film and TV archive, potentially reshaping content production. AI Integration in Film Production The partnership aims to…

September 20, 20240Comments

Byrwandatechnews

Startup Top Story

Incredible Opportunities for Startups at Africa Tech Festival 2024

The 2024 Africa Tech Festival will take place in Cape Town from 12-14 November, offering startups unparalleled opportunities to grow and thrive. One of the standout events this year is AfricaIgnite, designed to showcase the continent's most innovative startups and connect them with potential investors, partners, and customers. AfricaIgnite: A Platform for Innovation Building on…

September 19, 20240Comments

Byrwandatechnews

Startup

A Comprehensive Guide to Securing Startup Funding in Rwanda and Globally

Starting a business in Rwanda presents a unique set of opportunities and challenges. Funding is critical in turning a startup idea into a successful venture. Here's a comprehensive guide to help Rwandan startups access local and global funding sources. 1. Local Funding Options a. Government Grants and Programs The Rwandan government offers various grants and…

June 23, 20240Comments

Byrwandatechnews

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