PROJECT LATEST
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UGANDA
Tugende , the innovative FinTech platform for MSME credit and asset-financing in East Africa , closed in Q2 pre-Series B equity funding from existing shareholders led by Partech and two new investors , including Women ’ s World Banking . The new investors add to the diversity of Tugende ’ s shareholding and complement the experience and skills that each contribute to Tugende ’ s growth . Along with a recent debt closing , the combined US $ 10 million investment further strengthens Tugende ’ s balance sheet , allowing it to increase portfolio growth and address a significant credit demand amongst MSMEs , particularly after the strict lockdowns of 2020 and 2021 .
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2
RWANDA
Drug stock-outs and shortage of medical equipment in health facilities in Rwanda is becoming a thing of the past , thanks to an innovation that is addressing procurement constraints .
Viebeg Technologies , a venture capital backed HealthTech company , is helping to expand access to affordable health care in Central and East Africa by aiding healthcare facilities in procuring supplies in real-time . It uses Artificial Intelligence ( AI ) to manage supply chain processes ( from shipping to warehousing , distribution and inventory management ) to ensure that healthcare facilities have the precise medical supplies in stock .
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IVORY COAST
In alignment with the company ’ s dedication to introducing innovative and technology-led imaging solutions in Africa , Canon has brought its much-anticipated R-tour to Abidjan , Ivory Coast . The tour sheds light on its upcoming products , closer to customer strategy , the rise of content creation as an industry in the country , and much more . Canon plans to introduce its revolutionary mirrorless range of products – EOS R3 , EOS R5 C , EOS R7 and EOS R10 in an endeavour to introduce a much wider array of technology solutions in Africa . Canon Central and North Africa has embarked on the Canon R Tour journey in Abidjan , Ivory Coast that falls in line with the company ’ s vision to bring together the latest imaging technology solutions to the continent of Africa .
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SOUTH AFRICA
Liquid Dataport , a business of Cassava Technologies , is bringing much-needed access to affordable Internet in South Africa . Liquid Dataport has acquired a pair of fibre cables on Equiano , the new West coast submarine cable , capable of delivering up to 12 Terabytes of new internet capacity , providing the South African economy with the boost it needs to ensure the successful Digital Transformation of businesses and individuals . The additional capacity augments Liquid Dataport ’ s existing pan-African fibre network , global satellite connectivity and subsea cable backbone that ensures businesses on the continent have access to affordable and reliable high-speed connectivity .
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MOROCCO
SOREC has launched the first “ Made in Morocco ” central gaming solution in partnership exclusively with Moroccan companies and exploitable by all types of gaming operators . SOREC joins the very limited network of about 10 horse racing software developers and is now one of the few operators worldwide to possess its own digital solution . Gamma Systems by SOREC has completed a staggering 150 million transactions since its launch in March 2022 .
24 INTELLIGENTCIO AFRICA www . intelligentcio . com