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The Africa Tech Summit returns to Nairobi for its 4th Edition

15 March 2022 Comments (0) Business

 In February 2022, the Africa Tech Summit returned to Nairobi with over 500 delegates, 150 guest speakers, and more than 350 companies, with the aim of bringing African Tech leaders and international players together across three key summits.

February 2022 marks the 4th Africa Tech Summit

On February 22nd and 23rd 2022, the Africa Tech Summit returned to Nairobi for the 4th edition of the exposition. This two-day event will bring together over 500 delegates, 150 guest speakers, and more than 350 companies to share their insights on technology on the continent. Attendees, both companies and investors, had networking and business opportunities in the FinTech, Startup, and Mobile sectors. The goal was to connect startups and visionaries with industry leaders from across the world and there were opportunities for startups to pitch live on stage, along with attending workshops, use a deal room, and join venture showcases. Previous Africa Tech Summits have been held in Kigali, London, Washington DC, and Shanghai, all with the aim of bringing African Tech leaders and international players together.

Getting the necessary funding at the Startup Summit

Despite the Covid-19 pandemic, 2021 saw over $4.27 billion invested into African startups, a huge increase on 2020. In such a fast-moving ecosystem the Africa Tech Startup Summit is the perfect place for companies to pitch to investors. This summit, a recurring component of the Africa Tech Summit, will encourage collaboration and showcase investment opportunities with the aim of developing entrepreneurship and innovation in Africa. Industry leaders, corporations and startups will all have the opportunity to connect at the summit.

Crypto was prominent at the summit

FinTech (Financial Technology) solutions have become massively important across the continent, illustrated by the $200 million acquisition of Paystack and Beyonic by Stripe and MFS Africa, respectively. FinTech companies work with digital identity, remittance, cyber security, and payment and banking systems to offer services previously only available from traditional brick-and-mortar banks. This year’s summit focused on Decentralized Finance, a term for various financial applications of cryptocurrency or blockchain that has the potential to disrupt traditional financial intermediaries in Africa. This was continuing the theme set in the previous years where a Money and Blockchain Summit was held.

This year’s summit was supported by Celo and VerifyMe, and featured African Fintech leaders as they deep-dive into the opportunities offered by FinTech, Crypto and Decentralized Finance (DeFi) in Africa through conferences, panels, and organized sessions.

Tapping into Mobile Technology in Africa

Nearly 800 million people in Africa lack a mobile internet connection, but the sector is expanding quickly. By 2025 over 425 million people will be using mobile services on the continent, and the data center market in Africa and the Middle East attracted over $6.55 billion of investment in 2021. Opportunities are plentiful, and the Africa Mobile Summit featured keynotes, panels, and breakout sessions from across the sector. MarTech (Marketing Tech), gaming, connectivity, cyber-security, cloud computing, and application development were focused on during the mobile summit, which was supported by Ethiopian startup, Gabeya, a pan-African source for freelance professional talent that recently launched its talent mobile application. The 2022 Mobile Summit is the evolution of 2020’s Future Summit, which focused on new technologies across the African digital landscape.

Photo : resilient.digital-africa.co

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Mashal Waqar: Beyond the Glass Ceiling

13 November 2020 Comments (0) Leaders

Mashal Aqar is another female leader breaking the glass ceiling and showing the way for the next generation of female leaders. 

In the last two decades, we have seen a dramatic and heartening increase in the number of women breaking through the corporate glass ceiling to take up top executive positions within many of the world’s leading companies as well as female entrepreneurs building their own companies. 

Two sectors where we are seeing lots of strong women executives are the fields of technology and digital media. Within digital media, many of the sites and companies are not only women-led, but also women-focused, and one such company is The Tempest, an American company aimed at millennial and Gen Z women. And sitting close to the top of The Tempest’s corporate tree is Mashal Waqar, co-founder (with Laila Alawa) and COO. 

Background

Waqar was born in Saudi Arabia on 18th January, 1995. Her parents are Pakistani and she is the oldest of three children. She majored in computer security and international business at Rochester Institute of Technology and was awarded a BS (Bachelor of Science) degree.

While at Rochester, she founded the WRITERS magazine and acted as editor-in-chief for the duration of her time at the university. She was also the president of the student government and acted as a tutor and mentor to younger students. Waqar co-authored a research paper examining the challenges faced by female entrepreneurs. 

Her primary residential base is Washington D.C., but she also spends time in Dubai and Toronto. 

Career

Along with Laila Alawa, Waqar co-founded The Tempest in August 2016. They state that their purpose is to be: “…the destination for diverse women to share, inspire, and celebrate life through storytelling, experiences, and a global community.”

Their target audience is the female leaders, entrepreneurs, and creators of tomorrow. The team comprises more than 30 full time staff based around the world as well as a contributory team of more than 1,500 writers. The company has a presence in several major cities, including New York, Dubai, London, and Toronto. Waqar has served as COO since the company was founded. 

Since January 2018, she has served as a mentor for the Techstars Startup Weekend events, a 54-hour event held in many cities where everyone from developers to designers to marketers come together to network, discuss innovative ideas and products, and even form startups during the event. 

Since March 2018, she has also worked as a mentor for Sheraa, a civic organisation in Sharjah, United Arab Emirates, aimed at creating the city’s next wave of entrepreneurs. 

Achievements

Waqar was named as ‘Young Leader of the Year’ at the 19th Global WIL (Women in Leadership) forum in 2017. In 2019, she was named in Forbes’ Middle East ’30 under 30’ list. She regularly gives talks on the cyberbullying and trolling women experience online and is also an active disability rights advocate. 

With women like Mashal Waqar not only breaking through the glass ceiling but guiding and mentoring the next generation of female leaders and entrepreneurs, the future’s looking bright. 

Photos : moose-jaguar-7xk3.squarespace.com and Facebook

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