A delegation of Ricoh Company Limited executives, including CEO Yoshinori Yamashita, met with @iLabAfrica department heads and director Joseph Sevilla on Wednesday 15th September to discuss partnership between Ricoh and @iLabAfrica.
Ricoh a Japanese imaging and electronics company with a worldwide influence on technology and industry visited @iLabAfrica to understand opportunities available in Kenya and Africa with the hopes of establishing a foundation for sustainable growth on the continent. The multinational has a worldwide workforce of approximately 97,000 employees and a turnover of over 2 billion Yen.
Part of Ricoh’s Sustainable Development Goals strategy is its policy of leveraging the strengths of manufacturing technology to make breakthroughs in technology and industry. A primary actuator of this endeavour is the company’s strong commitment to leading research and development across multiple markets around the world. Ricoh has technology and customer research groups in roughly 200 countries across the world and sees investment in Kenya as a gateway to connecting East, Central and South Africa to its expansive network.
Ricoh already has presence in the East African market through its ubiquitous imaging and printing devices, and through its partnership with The Copycat Limited—Ricoh’s authorised service provider in the region. The Copycat Limited is also a partner of @iLabAfrica and this connection made the meeting between Ricoh Co. Ltd and @iLabAfrica possible.
David Mills, CEO of Ricoh’s operations in Europe, the Middle East and Africa, expressed the company’s desire to digitise workspaces in Africa through partners such as The Copycat Limited. @iLabAfrica Director Joseph Sevilla pointed to the challenge-based learning programme that @iBizAfrica has recently launched. These programme is developed to have small teams of tech-centric entrepreneurs working on specific organisation challenges using the resources, networks and mentors that are available in the @iBizAfrica learning space.
A partnership between Ricoh and @iLabAfrica could assist entrepreneurs and developers, introduce novel solutions for the East African, Japanese, and global markets. Ricoh’s expertise in printing and imaging technology could be a springboard for innovations in 3D and textile printing such as the ongoing Fundamentals of IoT and 3D Printing Course run by @iBizAfrica in partnership with Kuunda 3D.
Standard Chartered in partnership with @iLabAfrica has launched a search for the second cohort of women-led technology startups which will see five entrepreneurs win Sh1 million each.
The program combines world class startup support with local and international experience to provide Africa’s most competitive and attractive startup incubation program focusing on immersive learning, mentorship, building and growing Africa’s next iconic startups taking on the continent’s most relevant challenges and opportunities.
- be a woman
- be the CEO with equal or majority ownership in the company
- 18 and above
- of Kenyan nationality
- Three months incubation at Strathmore University’s leading businss and innovation incubator
- Mentorship from world class mentors
- Coaching by top business, technology and legal professionals
- Immersive, world-class entrepreneurship curriculum
- Networking and exposure to expand your business networks
- USD 10,000 or KES 1,000,000 equity-free grant seed funding for the top 5 winners
- 9 months ongoing support from Standard Chartered and @iBizAfrica to assist with go-to market and scale.
- Participants must be physically available to attend the program over the three months incubation
- Participant accommodation costs are not catered for
|Application deadline||October 31|
For more information Click here
To Apply click here
Hosted by Strathmore University, @ilabAfrica this year hosted the MIT Open Mic Africa Summit, is an annual summit that celebrates the goals championed by the Legatum center in MIT alongside the Mastercard Foundation.
The peak of the summit is the award of the Zambezi prize, an annual prize for two hundred thousand dollars in in cash prizes and a chance to attend an entrepreneurial boot camp hosted in MIT. The prize is awarded to an entrepreneurial venture that incorporates financial inclusion through both financial technology but also creates social change. Megan Mitchell, who appeared on behalf of the Legatum center emphasised that the end product of the venture had to be impactful on the society. Over 500 applications were received for the Zambezi prize and in narrowing down the applicants, certain criteria, as explained by Ashley Onyango, the program manager for the Mastercard Foundation had to be met. This included the combination of problem solving with economic growth in Africa, providing accessible, affordable financial inclusion to the unemployed and underemployed, and assisting in lifting people out of poverty. The boot camp, a part of the prize, is instrumental in shaping the leadership and entrepreneurial skills of the prize winner as well as enable them to create a network to better scale their venture.
This year’s event was marked with vison talks, short pitches and of course, the promotion of the ten finalists in the running for the Zambezi prize and its award, at the conclusion of the event.
The vision talks focused on entrepreneurs that discussed not only their successes, but also their losses and the lessons that stemmed from them. Rachel Balshan, the Deputy CEO of MFS Africa, detailed her experience in building the company and learning how to make decisions that better shaped the future of MFS Africa and led them more clearly to their goals.
In addition, up and coming entrepreneurs were given a chance to pitch their ideas for ninety seconds, enabling them to get a platform and potential connections to drive their entrepreneurial ventures.
The finalists of the prize included agricultural ventures that targeted smallholders and enabled them to access services such as investment capital, access to small loans and micro finance, real time agricultural education, access to household goods for women and the opportunity to infuse waste collection with a redeemable point system.
The winner of the prize was WALA, a venture set up to bring digital banking to underbanked consumers in Africa using a combination of cryptocurrency and artificial intelligence.
In all, the summit exemplified the overarching goals of the prize and spurred discussion about how to create innovative, financially inclusive technology that will spur the growth of smallholders in Africa.
HACKING INCLUSION THROUGH FINANCIAL INNOVATION AND PRINCIPLED ENTREPRENEURSHIP
@iBizAfrica and Legatum Center for Development and Entrepreneurship at MIT (MIT Legatum Center) is pleased to be hosting the 2018 Open Mic Africa Summit. The theme of the 2018 Summit is “Hacking Inclusion Through Financial Innovation And Principled Entrepreneurship.” Supported by Strathmore University’s iBiz Africa and Go Gaga.
The Open Mic Africa Summit is an annual two-day summer event that is produced by the
Legatum Center for Development and Entrepreneurship at MIT (MIT Legatum Center) and that brings together leaders from the MIT and the African entrepreneurship communities to celebrate Africa’s vibrant and rising entrepreneurial scene. The event takes place on a different African country every year: the 2017 inaugural edition took place in Lagos, Nigeria, and the 2018 edition will take place in Nairobi on August 28th-29th .
The event will serve as the award ceremony for the Zambezi Prize for Innovation in Financial Inclusion, MIT’s flagship competition on financial inclusion in Africa. The event will also unveil and celebrate the winners of the African region of the MIT Inclusive Innovation Challenge (IIC). The event will kick off on the evening August 28th with an exclusive VIP reception at Radisson Blu Nairobi with government officials, university scholars, investors and the MIT alumni community.he reception is followed by a full day conference at Strathmore University on August 29th that is open to all local
entrepreneurs, students, investors,
The goal of the event is to inspire, celebrate and honor the local entrepreneurial ecosystem through principled entrepreneurship, engage MIT’s African community and a create meaningful dialogue among all stakeholders. The event consists of a VIP networking cocktail evening reception for the MIT alumni community and selected leaders and entrepreneurs, followed by a full day conference that is open to all local entrepreneurs, students, investors, change agents and stakeholders who believe in improving lives through principled entrepreneurship. The conference features entrepreneurial keynote speeches, vision talks, fireside chats and MIT workshops led by MIT’s leading Entrepreneurs-In-Residence.
This year, the agenda includes vision talks by previous Zambezi finalists; fireside chats and speeches led by MIT faculty; a discussion on building an inclusive ecosystem in Kenya; and an MIT workshop that provides a hands-on approach to addressing some of the main challenges to financial inclusion. The winners of the Zambezi and IIC competitions will have an opportunity to attend an MIT faculty-led leadership boot camp on campus in late November.
Collaboration Opportunity with Strathmore University – @iBizAfrica
The Legatum Center seeks to to collaborate with@iBizAfricato host the August 29th conference of the Open Mic Africa (OMA) Summit on Strathmore’s campus and to make the conference available to Strathmore’s students and to the local entrepreneurial community.
The OMA Summit will strengthen the collaboration between @iBizAfrica and the MIT Legatum Center while providing local and international stakeholders with a forum to network and to interact with MIT leaders and with Africa’s leading entrepreneurs who are working on advancing financial inclusion through principled entrepreneurship.
The Summit agenda includes vision talks by previous Zambezi finalists; fireside chats
and speeches led by former MIT students; a discussion on building an inclusive ecosystem in Kenya with Ms. Sarah-Jane Maxed, Executive Director of the MIT Regional Entrepreneurship Acceleration Program (REAP); and an MIT workshop led by Dr. Anjali Sastri, Faculty Advisor of the MIT Legatum Center.
For more information, Click here or contact Funke Michaels on firstname.lastname@example.org or Linda Kwamboka on email@example.com
iLAB Africa, through Strathmore University, and ISACA Kenya have recently partnered up to bring information and resources in areas of cybersecurity, ICT implementation, IT risk and IT audit. These areas are contemporary discussion points in IT and imperative for the management and protection of data within corporations especially in today’s technological climate.
In 2017, Kenya lost 21 billion shillings through cyber security crime, making it one of the biggest losses in Africa, second only to Nigeria. This loss was largely attributed to cybercrimes committed in financial institutions through online fraud, social engineering, ransomware, banking malware and ATM-skimming. The magnitude of this loss and others spurred the enactment of the Computer Misuse and Cybercrimes Act, signed into law in May 2018, which seeks to provide stiffer punishments to cyber criminals. The Act, however, faces the challenge of implementation of anti-cybercrime strategies which require knowledge and experience in cybercrime and IT risk management in order to protect information and hold individuals accountable for violating the established laws. It is this information gap which the collaboration intends to fill through conducting evening and breakfast talks, trainings and assistance with research on the aforementioned areas. In addition, the collaboration seeks to improve and initiate the formulation of ICT strategies, policies and their transformation and adoption of best practices in ICT implementation and cyber security, areas which are the purview and expertise of ISACA Kenya.
Founded in 2000, ISACA Kenya is the Kenyan chapter of the larger international Information Systems Audit and Control Association (ISACA). A key hallmark of ISACA is the development of the Business Model for Information security which takes a business approach to managing information security as well as the internationally recognized COBIT, Val IT and Risk IT frameworks that help IT professionals and leaders fulfil their governance responsibilities while delivering value to their business. iLAB Africa is a centre of ICT innovation and development based at Strathmore University and is involved in interdisciplinary research, students’ engagement, collaboration with government, industry and other funding agencies. It is this specific skill set that forms the basis of the collaboration between ISACA Kenya and iLAB Africa and its focus on Cybercrime, IT risk and IT Audit.