Orbit Dive

2021-09-05 12:30:00 Wazo Challenge East Africa

Wazo Challenge East Africa is aimed at young entrepreneurs in the 18 – 30 age group, who are residents of countries from the UN designated Eastern Africa region. They are looking for entrepreneurs who have an idea to solve a local business / social problem, by leveraging technology.

Takeaways from the challenge
1. Venture bootcamp
10 high-potential founders will be selected for a 4-week venture building mentorship and leadership development bootcamp and will get access to $150,000 worth of technology credits from our partners, that will help the selected Founders to build fast, and at scale.
2. International demo day
3. Cash prizes - USD 10,000 grant

1 week left. Apply Now

#opportunityoftheday @OrbitEt Open / Comment

2021-09-05 06:30:00 Small and Medium Enterprises in Ethiopia

As per Directive No. AABE 804/2013, Small and Medium Enterprises will be required to submit annual audited financial statements prepared in accordance with the International Financial Reporting Standards applicable for Small and Medium Enterprises.

#morningdose @OrbitEt Open / Comment

2021-09-04 12:30:00 SECOM ANSHIN Innovation Challenge – Perfect for #startups

Can your startup contribute to the safety and ANSHIN (peace of mind) of society? Can you improve today’s security systems and services?

Winning and shortlisted teams are eligible for the following prizes:

• Grand Prize of $30k SGD Startup SG Grant
• Grand Prize of $10k SGD from SECOM
• Fast-track to SLINGSHOT 2021 Top 100 Global Startups and participation in the SLINGSHOT 2021 Grand Finals! Winners can take away over $1M SGD in grant and cash prizes.
• Top 20 Startups: Discussions for collaboration with SECOM
• Top 5 Startups: Possibilities of Pilot testing with the SECOM

Categories:
• Physical/Cyber Security Innovation:
• Healthcare Innovation:
• With/After Covid-19 Innovation:
• Wild Card:

1 week left. Apply Now

#opportunityoftheday @OrbitEt Open / Comment

2021-09-04 06:30:00 #Ethiopia has been allocated 288.2 million dollars of SDR by the IMF on August 23, 2021.

What is an SDR? Is it money?
Special Drawing Rights (SDRs) are an asset, though not money in the classic sense because they can’t be used to buy things.

If SDRs are not money, how can countries use them?
1. Countries can exchange their SDRs for hard currencies with other IMF members. This has historically been done on a voluntary basis, with countries in a stronger financial position agreeing to help others when needed.
2. They can use their SDRs in a range of operations with other countries.
3. It can also be used to settle financial obligations to the Fund.
4. Many member countries that don’t need the support have used SDRs to support concessional financing to low-income countries.

IMF

#morningdose @OrbitEt Open / Comment

2021-09-03 16:03:05 Albanian PM names new proposed cabinet, dominated by women

Albania’s prime minister announced his new cabinet in which women form the majority (65%).

Out of the 17 positions, 11 will be held by women.

Read more...

@OrbitEt Open / Comment

2021-09-03 10:30:00 South Africa retail store Game to exit East African market

South African retail giant Massmart that operates the Game Stores has revealed its plan to sell its stores in Kenya, Uganda and Tanzania, marking the latest of a string of retreats from East Africa by a southern African firm.

The East African
@OrbitEt Open / Comment

2021-09-03 08:30:00 Vaccines made in South Africa to stay in Africa

Vaccine doses produced by a plant in South Africa will no longer be exported to Europe following the intervention of South Africa’s government.

South African drug manufacturer Aspen Pharmacare, which has a contract with Johnson & Johnson to assemble the ingredients of its COVID-19 vaccine, will produce for the African continent and millions of doses that had been shipped to European countries but remain in warehouses will be returned.

@OrbitEt Open / Comment

2021-09-03 06:00:20 The Internet is 52 years old

Just how much data has been created since its invention in 1969?

One way to answer this question is to consider the sum total of data held by all the big online storage and service companies like Google, Amazon, Microsoft and Facebook. Estimates are that the big four store at least 1,200 petabytes between them. And that figure excludes other big providers like Dropbox, Barracuda and SugarSync. (BBC Science Direct)

To put that number in perspective, let us think of it in terms of episodes of a popular TV series. Storing 1,200 petabytes would mean having 6 billion episodes of ‘Game of Thrones’ stored.

#MorningByte
@OrbitEt Open / Comment

2021-09-02 17:30:00 Concerns are growing over global coffee supplies amid tough coronavirus travel restrictions imposed in Vietnam to tackle the spread of the aggressive Delta variant of Covid-19.

Supply chains are been disrupted after Vietnam, the world’s second-biggest exporter of coffee, tightened lockdown measures in the port of Ho Chi Minh City, as well as bringing in restrictions in some coffee-growing areas of the Central Highlands.

Vietnam exported 2.3 million 60 kilo sacs in December 2020 (whereas Ethiopia exported 194K 60 kilo sacs in December 2020)

@OrbitEt Open / Comment

2021-09-02 14:30:00 African countries continue to have the highest poverty rates in the world

In 2021, there are 490 million people in Africa living in extreme poverty, or 36% of the total population. At the current rate, 2.6 people escape poverty every minute whereas the required rate is 1.6 people/second.

Poverty by gender:
• 35%, or 241 million, of males in Africa, live below the poverty line which is down 1% from 2020.
• 36%, or 249 million, of females in Africa live below the poverty line.

Poverty by age:
• As in many other regions, poverty disproportionately affects children with 41% of children aged 14 and below falling below the poverty line.

• The most affluent age group seems to be those aged 25 to 34 with only 31% of individuals falling below the poverty line.

Development Aid
@OrbitEt Open / Comment