News & Events

Zambia’s Premiercon Starch Company Limited manufactures starch from cassava and sweet potato in the Kalumbila District. Founder Lubasi Yuyi had to quit his job to set up a business that would integrate household communities into the mining supply chain by finding something they could grow and sell back to the mines. He came up with a business plan, identifying all the technology and equipment needed to facilitate starch production from cassava for the mines with a capacity of 48 tonnes a day. Today, Premiercon have a dedicated laboratory at the facility to study all the uses of starch and possible ways of industrial applications.

Read the original article here: https://www.1africafocus.com/zambia-businessman-taps-into-cassavas-industrial-potential-how-we-made-it-in-africa/

Singapore’s Subx Finance Lab listed an initial exchange offering and was over-subscribed – filling their hard cap of $1.2 million in a few minutes. The firm is a blockchain service provider for businesses that integrates web3 technologies into their products and services. The firm also provides businesses with tools to innovate with blockchain, metaverse and decentralised finance (DeFi) technology.

Read the original article here: https://www.globenewswire.com/news-release/2021/12/06/2346167/0/en/Singapore-blockchain-startup-raised-USD-1-2-million-in-under-3-minutes.html

Nigerian tech startup TeamApt is about to raise its third round of funding at a value of more than $1-billion. The funding will result in the Lagos-based banking services software firm joining a spate of African fintech startups and becoming so-called unicorns. The founder and CEO Tosin Eniolorunda stated that the raised money will be used for the expansion to Egypt, Ghana and Cameroon.

Read the original article here: https://techcentral.co.za/nigerian-tech-start-up-teamapt-targeting-1-billion-valuation/204834/