Last week, I shared a tweet of a founder who advised other African founders to buy bitcoin with money from investors after they made about $650,000 in profits from the $110,000 they invested in January.
The price of one bitcoin was close to $60,000 when he tweeted two weeks ago, yesterday it was worth $35,000, today it looks like it’s rebounding back above $40,000.
Egyptian logistics company Bosta raises $6.7 million Series A
European Union announces support for African businesses
The effects of the pandemic have been hard on many countries, especially developing countries in Africa.
In light of this, the European Union has announced it’ll be rolling out initiatives focused on boosting youth entrepreneurship and supporting small businesses.
The first is the ‘Investing in Young Businesses in Africa’ initiative focused on helping micro, small and medium-sized companies across the continent take off and create jobs.
It will do so by (1) increasing financial and technical support to small companies at pre-seed stage as well as to micro-companies; (2) supporting access to finance for startups at seed and early stages, and (3) supporting financial intermediaries, digital finance, the general entrepreneurial ecosystem and the investment climate.
Big Picture: Over the next seven years, the EU expects to invest €29 billion in Sub-Saharan Africa.
The Launch of the biggest incubation campus in Africa is coming soon -The Unicorn Incubation Hub, Yaba!. The Unicorn Campus will set a new standard and address the challenges being faced by entrepreneurs, early startups, and early stage-stage companies across Africa. It will provide African startups with unparalleled access to the tools, talents and funding needed for success. Get ready. For more info visit www.unicornmaking.com
Every tech ecosystem has a dream team.
On Tuesday, May 25th, the Afrobytes 5th Edition will gather tech and business leaders from Ghana, Nigeria, and Morocco to speak about what they are building in their home countries. The Pitch my Country virtual panel will hold from 1 PM – 2 PM (WAT). TechCabal will moderate Nigeria’s session of the panel.
Last year, for the first time ever Google cancelled its annual developers/product launch event (Google I/O) due to the pandemic. To the delight of many, it’s back this year.
The tech giant has so far announced over 15 new products launches/updates at the event.
Here are some of them:
A preview of Android 12
The latest version of the android operating system, Android 12 will offer more color and customisation. This feature is called a “Material You” design. It also offers some new privacy features, including a new privacy dashboard.
Google and Samsung are joining forces
After many years of operating separately, Google and Samsung have teamed up by merging their smartwatch operating system into a unified platform. This should lead to apps launching faster and longer battery life.
Change compromised password
Hackers are working overtime to gain access to your passwords but Google is working harder as Google announced that it’s adding a way to change a stored password for a website right from inside Google’s password manager.
Unlock your car with your phone
Google just turned your phone into a car key. Select Pixel and Samsung Galaxy phones will be able to lock, unlock, and start cars starting with Android 12. This feature will be available in new BMW models and other carmakers eventually.
Health tool to identify skin condition with Camera
I guess Google read that post and said we can do that too. The result: a new health tool that lets you take a photo of a problem skin area and answer questions about their skin type and symptoms to help you better identify skin conditions.