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For tech to develop in emerging economies, the first obstacle is trust

The Next Web

industry in Tanzania. Riding the wave of global awareness for the need to stay competitive, Tanzania has taken some positive steps forwards, including government investments in a fibreoptic backbone as well as strategic initiatives around promoting start-ups.

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Philanthropy and Social Media: New Whitepaper from The Institute for Philanthropy

Amy Sample Ward

The real-time web has also revolutionized the way we support local communities in disaster. Their Tweetsgiving campaigns were fundraisers benefiting Mama Lucy’s school in Tanzania and connected the students to their supporters through Twitter. Philanthropy has been able to move into the real time web, too.

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Traveling the world, meeting startups: What We learned

The Next Web

The main observation of differences between Silicon Valley and emerging tech hubs in the rest of the world is access to early stage seed funding and international press. But startups are also solving local problems. Paul Bragiel, founder of I/O Ventures launched the Savannah Fund to invest in East african startups.

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Can love change the world? I hope so!

Amy Sample Ward

Regardless of what work you are doing – campaigning for political change, providing services to your local community, educating others, or anything else – would it look different, would it feel different, would it operate differently if love was the central message? Are you fueling with love? To Mama With Love.

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Seedstars launches second fund to invest in 100 startups in emerging markets

TechCrunch

Now it’s set a goal of investing in 100 more startups with the launch of its second emerging market seed-stage fund, called Seedstars International Ventures II (SIV), with a first close of $20 million. One difference between SIV II and the first fund is that it can writer bigger checks. Another criteria is to back local founders.

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Tanzanian fintech NALA raises $10M seed to build Revolut for Africa

TechCrunch

NALA , a Tanzanian cross-border payments company that recently pivoted from local to international money transfers, said Thursday it has raised $10 million in a new fundraising round. to East African countries (Kenya, Uganda and Tanzania), thus ushering the Tanzanian fintech into the remittance business. and the E.U., and the U.S.

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Nigeria’s Curacel raises funding to power insurance offerings and expand into North Africa

TechCrunch

According to a McKinsey report, most African countries have experienced double-digit insurance growth in CAGR in local currency over the last five years, thus positioning the region as the second-fastest growing for insurance globally after Latin America. As many as 2.8% Despite the abysmal number, there’s some good news.

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