Egyptian SaaS e-commerce startup Awfar has secured six-figure US dollar funding from Saudi Arabia-based venture studio Value Maker Studio (VMS) to expand its presence in the latter country. VMS, meanwhile, is a venture studio that brings together a diverse range of talents, resources, and ideas to transform innovative concepts into thriving businesses. The company is launching its “Bridge Programme” early next year, to help Egyptian tech startups seamlessly expand to Saudi Arabia. It is through this that it has invested a six-figure sum in Awfar, while Disrupt Africa reported last month it had invested in Egyptian ed-tech startup OBM Education under the same programme. In less than a month, we were able to secure contracts and establish partnerships with major chains in Saudi Arabia,” said Galal.

We believe that together with Maghrebnet, Ondas' Optimus System will provide value as an infrastructure solution for aerial data capture in governmental and commercial applications. In 2022, Maghrebnet took a strategic step to better cater to its clientele by establishing specialized Business Units aligned with its various sectors of operation, namely: Maghrebnet Energy, Maghrebnet Multimedia, Maghrebnet IT & Security, and Maghrebnet Support. For additional information on Ondas Holdings, visit www.ondas.com or follow Ondas Holdings on X formerly known as Twitter and LinkedIn. For additional information on Ondas Networks, visit www.ondasnetworks.com or follow Ondas Networks on X and LinkedIn. Contacts:IR Contact for Ondas Holdings Inc.888.350.9994 x1019ir@ondas.comMedia Contact for OndasPreston GrimesMarketing Manager, Ondas Holdings Inc.preston.grimes@ondas.comSOURCE: Ondas Holdings Inc.View source version on accesswire.com:https://www.accesswire.com/801365/ondas-holdings-expands-into-north-african-market-through-a-strategic-partnership-with-morocco-based-maghrebnet

Through this partnership, Ondas expands into the Moroccan and broader North African market, offering advanced drone infrastructure for cities, industrial, and strategic facilities. Under the leadership of King Mohammed VI, the Moroccan government is clearly committed to national economic and industrial development. We believe that together with Maghrebnet, Ondas' Optimus System will provide value as an infrastructure solution for aerial data capture in governmental and commercial applications. As part of the MOU, Ondas and Maghrebnet have agreed to jointly explore a multi-faceted business partnership. Maghrebnet will introduce Ondas' systems to potential customers in the region and will handle the manufacturing and sales of Onas' automated Optimus Drone-In a-Box systems in Morocco and Senegal.

How U.S. racehorses end up on dinner platesHow U.S. racehorses end up on dinner plates

Organisers of the annual Africa Tech Festival, taking place in Cape Town on November 14-16, have announced the top 10 finalists of the AfricaIgnite Pitch Competition, who will battle it out to represent the continent in the Startup World Cup on December 1 this year. The AfricaIgnite Pitch Competition Final takes place at Africa Tech Festival on November 16, and will see selected ventures pitch in front of a crowd of founders, tech leaders and investors. The winning venture will be selected to represent Africa at the Startup World Cup in San Francisco in December, which will bring together more than 70 regional winners. Five of the selected ventures are from Kenya, namely payments platform AsaanaPay, beauty startup Tausi App, VR-based educational content provider Ukwenza VR, homecare platform BenaCare, and payments service Kyanda Africa. The list is completed by Nigeria’s Bus54, a mobility technology company providing a platform to aggregate intercity bus transportation in Africa, allowing passengers to search, compare, book, and manage their journeys online.

The aim of instruction is to “neutralize the departure of emigrants from the national territory”, Fofana added. The Cabinet decision comes in the wake of the death of 13 Senegalese migrants on Saturday November 4 off Mauritania’s coasts. In October 2023, Fernando Grande-Marlaska, Spain’s Interior Minister, indicated the country’s civil guard will step up surveillance operations on the coasts of Senegal and Mauritania to curb illegal migrations from the two African countries. Some 12,500 migrants had been prevented from making the journey so far this year as part of cooperation with Senegal and Mauritania. The number of arrivals by sea to the Canary Islands has increased 80% compared to the same time last year, Interior ministry figures indicated.

Egypt’s Supreme Council for Vehicle Manufacturing is set to sign four partnership agreements with various companies, within a few days to manufacture automobiles in the country, a statement from the office of Prime Minister Mostafa Madbouly said, without specifying the names of the concerned companied. The statement came following a Cabinet meeting on Tuesday November 7. The North African country launched in 2022 its national strategy for localizing the automotive industry in a bid to position itself as a key player in Africa’s emerging vehicle markets. The statement did not provide details on the future deals but the agreements will spur domestic manufacturing of vehicles which in return will help stabilize Egypt’s domestic automotive market. The domestic automotive market since March 2022 has reportedly been grappling with unprecedented stagnation largely due to a decline in imports and a shortage of foreign currency.

West African super app Gozem has acquired Benin-based fintech company Moneex to expand its financial services capabilities across its various markets. The startup has been pivoting towards a super app model, and now provides a suite of mobility, e-commerce, and financial services to consumers, drivers and retailers. The transaction will combines the strength of Gozem’s super app network with the breadth of Moneex’s fintech capabilities, creating what the two parties said would be an “unparalleled fintech starting point” for Gozem. With a lot of excitement the new fintech chapter of Gozem is officially open,” said Jean-Martial Moulaud, group director of Gozem. It is not the first acquisition made by Gozem as part of its transition into a West African super app.

We deliver cutting edge analysis and intelligence so you can stay ahead of the news. Take it from them: I can't emphasize enough my appreciation for you and the rest of the staff at Geopolitical Futures. Kevin G. Some times the politics and journalism of the world gets in the way of clear thinking (at my own peril). Full accessto our content With any paid subscription you get full access to our entire content. As the international community struggles to figure out what to do with Gaza after the war, Egypt is poised to play its biggest role there in more than 50 years.

ADVERTISEMENTShell is suing Greenpeace for millions in damages after activists boarded the company's oil production vessel in transit at sea this year. How did Greenpeace activists board an oil vessel? Greenpeace activists boarded the moving oil platform in January near the Canary Islands off the Atlantic coast of northern Africa. They travelled on it as far as Norway to protest the climate damaged caused by Shell's oil drilling. Four Greenpeace activists used ropes to hoist themselves onto the vessel from inflatable boats that chased the ship at high speed.

On Wednesday (Nov. 08), the International Criminal court Prosecutor updated the United Nations Security Council on the progress in human trafficking investigations. The update came 18 months after the implementation of a renewed Strategic Plan for the work of ICC in Libya. Ladies and gentlemen, history will record and there is no peace without justice.”The ICC investigations, opened in March 2011, focus on alleged crimes against humanity and war crimes committed in the context of the situation in Libya since 15 February 2011. The Office is reaching key benchmarks in its key lines of inquiry, in particular in addressing crimes related to the 2014-2020 operations. The ICC prosecutor asked an increased budget for 2024, the Council members were not unanimous on that.

The group of friends with wide-ranging interests and careers ranging from banking, education, technology and real estate, and also travel enthusiasts, saw an opportunity to use the lockdown to ignite their expedition. “We started traveling in Ghana because of Covid. We couldn’t get out of Ghana and one funeral to Tamale, in Northern Ghana, inspired the passion for traveling. We began to travel sometimes for funerals, other times for weddings and for work,” says Richard Osei-Anim, an education technology entrepreneur who is part of the group.

BELGRADE: Serbian police have detained thousands of migrants in two weeks of daily raids in northern and eastern areas of the Balkan country, as part of a nationwide operation launched two weeks ago after a shootout in which three migrants died. It said that eight smugglers and 119 people have been arrested on charges including human trafficking and illegal possession of weapons and drugs. “The Ministry of Internal Affairs will persevere until the problem of irregular migration is solved and the human smuggling chain is severed,” the statement said. The route runs via Turkiye, Bulgaria, North Macedonia and Serbia. Many migrants cross borders with the help of elaborate networks of smugglers who are sometimes armed, and shootouts between criminal groups are frequent.

blinking-dot Live updates Live updates,Israel-Hamas war live: Israeli air strikes hit areas near al-Shifa hospitalNew attacks hit close to Gaza’s main medical complex, Hamas says fighters engaged in battle against Israeli forces.

South African blockchain remittance app Minit Money has opened its first Southern Africa remittance corridor, enabling Zambians living in South Africa to easily and affordably send money home. Launched in 2019, Minit Money helps people send money across Africa in minutes. The easy-to-use Minit Money app provides secure and reliable money transfers at affordable rates, and is available free to download from all the app stores. The launch of its South Africa-to-Zambia corridor is set to create significant savings for users, improve sending speeds and provide a seamless user experience for Zambians living in South Africa. “We’re delighted to announce the launch of Minit Money’s ability to serve the Zambian diaspora community in South Africa.