Hello and welcome to a brand new edition of the Big 5 daily.
Have a good read!
The TechMoney Africa Summit event which was held in the University of Lagos, Nigeria, commenced on the 10th of June 2019 and ended on the 11th of June 2019. The event aimed to buttress the ways through which technology could leverage investments and capital to solve Africa’s problems. The event was organized by Unicorn Group and hosted by the University of Lagos. It hosted The Vice President of the Federal Republic of Nigeria, Prof. Yemi Osibanjo and a host of others. Read more here
The first gist of the day is from Multichoice. ShowMax, an on-demand video company owned by Multichoice is test-running its live TV sports streaming service. The feature is available on trial to restricted subscribers across Africa.
Careem a ride-hailing company, has acquired Cyacle to offer yet another transport option for customers in the Middle East and Africa. This acquisition will result in an increase in the availability of bike-sharing service and job creation in the region.
Inlaks, one of Africa’s leading system integration companies, has launched “the hatch” innovation lab. The lab will help scale up Fintech startups by providing access to resources, financial support, and collaborations. They are also taking in entrants for an Insurance-based Hackathon. If you have an innovative insurance solution, click here to apply.
South African startup company, MyLifeLine provides personal safety wearable devices for people in an emergency. The IoT enabled wearable devices are monitored 24 hours from security control rooms. The product provides security officers with the number of 5 people you would contact in an urgent situation.
Finally, Huawei has canceled the launch of its new PC due to issues surrounding the US ban. They indefinitely postponed the launch of their computer because they no longer have access to Microsoft’s Windows Operating System and Intel’s processors.
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