Group items tagged

Lumkani is a social enterprise known for its fire detector and system designed to overcome the shack-fire challenge in urban slums in South Africa and across the globe with the use of a heat detection technology. It measures the incidence of harmful fires and alert families inside the shack of the danger, using the rate-of-rise of temperature

Through Xpress Money’s extensive agent partner network, WorldRemit customers will be able to make secure, instant money transfers to be collected as cash. Initial countries in the rollout will include Algeria, Egypt, Ethiopia, Fiji, Lebanon, Pakistan, Sri Lanka and Tonga. Over the next few months, customers will also be able to receive money transfers in their bank accounts, mobile wallets, etc. 

tance as easy as sending an instant message.Xpress Money is one of the fastest growing instant money transfer com

Ismail Ahmed, founder and CEO at WorldRemit, comments: “We want to offer our customers the widest and most convenient choice of payout options. Xpress Money is a trusted and dependable money transfer brand with a fantastic network of agents across the world. Our partnership will extend our footprint into new territories and will enable even more people to make secure, instant money transfers.”

Developer of a peer-to-peer investment and insurance platform designed to offer cost-effective crop insurance to farmers

Over the last decade, there has been a global increase in the focus on climate change and the risks and dangers associated with it. And for good reason. Damage from climate-related disasters was in the billions of dollars in 2019 alone. California wildfires caused $25 billion in property damage, while Typhoon Hagibis in Japan cost an estimated $15 billion. Other extreme weather events, including rampant brush fires in Australia, widespread droughts in East Africa and severe flooding in South Asia, have had devastating consequences.

Like Kin, NYC-based WorldCover was created in response to climate-related disasters. It works to provide drought insurance to farmers in Africa. When first launched, WorldCover was available only in Ghana and covered only one crop: maize. Since then, the company has expanded to multiple markets in East and West Africa, covering four categories of crops: cereals, legumes, root vegetables and perennials. WorldCover uses a combination of satellite imagery and on-the-ground sensors to understand local weather patterns in order to create insurance options for farmers facing some of the world’s worst droughts. The company uses its satellites to monitor rainfall patterns and trigger payouts immediately.

Lumkani is commercialising an early-warning system to reduce the damage and destruction caused by the spread of shack fires in urban informal settlements. Many cooking, lighting and heating methods used by people living in informal settlements produce smoke.

Compared to existing empirical evidence on the impacts of digital technologies on African firms, the quantitative analysis hereafter presented incorporates various novelties.