Multimillion-dollar boost for small business as more African countries join MultiChoice Africa Accelerator Programme

Johannesburg, Nov. 23, 2022 (GLOBE NEWSWIRE) — November 2022 – Following the success of the MultiChoice Africa Accelerator Programme, which secured $16 million (USD) of funding for six emerging businesses last year, the programme has been expanded to eight more countries across Africa.

Many more small businesses in Africa’s technology sector now have the chance to benefit from the 2023 programme, which provides the skills and opportunities needed to attract transformative business funding.

“We’re really excited to be expanding the MultiChoice Africa Accelerator Programme to more African countries,” said Calvo Mawela, MultiChoice Group CEO, announcing the launch. “It’s part of our long-term commitment to growing and multiplying Africa’s technology potential, which is critical to our future growth.”

The MultiChoice Africa Accelerator Programme, which kicked off during Global Entrepreneurship Week,  is aimed at established start-ups and small enterprises in specific technology sectors – healthtech, agritech, fintech, edutech, the circular economy and the creative industries.

“There is such incredible business talent across Africa,” said Mawela. “MultiChoice Africa Accelerator is an opportunity for investors and small enterprise to collaborate to multiply the impact of this talent and scale it across Africa.”

Having started in South Africa in 2021, the MultiChoice Africa Accelerator is expanding to Ivory Coast, Senegal, Nigeria, Ghana, Kenya, Zambia, Angola and Ethiopia. The initiative equips emerging entrepreneurs to secure funding and scale up their businesses, and also provides opportunities to pitch to international investors.

African Development Bank President Dr Akinwumi Adesina has previously noted that, “the private sector is Africa’s growth accelerator”, and several African nations have backed small-business development as part of their economic strategy. The MultiChoice Africa Accelerator dovetails with these development objectives.

The MultiChoice Africa Accelerator Programme is an initiative of the MultiChoice Innovation Fund, in collaboration with Dubai-based business incubator Companies Creating Change (C3), which gives entrepreneurs access to the tools, skills and financial support to grow their business. MultiChoice has also partnered with EOH, a tech services company who will bring their expertise to the table especially in terms of tech advisory, development sprint and technical support.

The first phase of the MultiChoice Africa Accelerator Programme sees public and private-sector partners in each country nominating businesses or entrepreneurs for the programme. From there, 29 of the start-ups embark on an intensive virtual training course. The initiative is aimed at established businesses that are already operating and looking to scale up by attracting further investment.

“Start-up founders get to learn everything from how to properly research your business sector and your market, to how to create a niche for your business,” says Boitumelo Monageng, of Swypa, one of last year’s finalists. “During the workshops we were encouraged to dig deeper and I realised that we have the potential to compete on a much larger scale.”

The virtual training course takes place over several weeks, teaching start-up owners media skills, how best to market their businesses to investors, how to create attractive business plans, and to know what investors are looking for.

Later, the entrepreneurs will come together at a finals event, where 11 start-ups will be selected for the final pitch phase. They will attend a dedicated C3 boot camp to learn how to shape their story for international investors, and to get “pitch ready” before their big presentations.

“We believe SMEs in the technology, sustainability and creative sectors will be fundamental to the next phase of Africa’s growth,” says Mawela. “The MultiChoice Africa Accelerator is geared to finding the most promising start-ups, and empowering them to play this critical role.”

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Elizabeth Ferreira
MultiChoice Group Ltd
0834825241
fourie_elizabeth@yahoo.com

GlobeNewswire Distribution ID 8702451

OKX users can now verify that their assets are backed 1:1

OKX Proof of Reserves Page

OKX has launched a Proof of Reserves web page

  • OKX is rolling out both a Proof of Reserves page on its website that shows its latest reserve ratios and a Self-audit tool that allows users to verify that their assets are backed 1:1
  • The exchange is also launching an Independent Custodial Wallet that allows institutional clients to secure their assets separately from its reserves and hold the keys to their funds

VICTORIA, Seychelles, Nov. 23, 2022 (GLOBE NEWSWIRE) — OKX, the world’s second-largest crypto exchange by trading volume, has launched three new leading offerings that are granting its retail and institutional users greater visibility into their assets, and what is backing them, as well as greater control over their funds.

OKX today launched the new Proof of Reserves (PoR) page on its website. OKX has always maintained 1:1 reserves, and this page demonstrates that fact and explains why PoR is important. In addition to providing information on how proof of reserves works, the page provides instructions including how users can verify that their assets have become a “Merkle leaf” in the Merkle tree data structure. The page also provides information on OKX’s PoR audits and its latest reserve ratios across tokens.

To take transparency and user empowerment even further, OKX will this week be launching a self-audit feature that allows users to verify that their funds are backed by reserves based on data provided by the most recent snapshot. Currently, the self-audit feature supports Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), with more assets set to be added over time. OKX will conduct regular proof of reserves audits to update its reserve balances and the status of user assets within its reserves.

OKX is also set to become the first exchange to launch an Independent Custodial Wallet service for institutional and high-net worth clients1. In the coming weeks the company will roll out an independent custodial wallet that will allow users to secure their assets separately from its reserves, view and track their wallet balances in real-time, and hold the private keys to their funds. This will give users greater visibility and control over their assets.

Lennix Lai, Director of Financial Markets, OKX, said: “Our new proof of reserves page and self-audit feature give users the ability to verify that their assets are 100% backed. Third-party audits are also being conducted to provide additional reassurance on top of this. We believe that a far greater degree of transparency needs to be brought to our industry to allow us to build back stronger after recent events.”

OKX’s number one priority is to ensure that the funds of its 20+ million customers worldwide are safe and secure at all times. It has always maintained 1:1 reserves and prides itself on its long-standing reputation for best-in-class security.

For further information, please contact:
Media@okx.com

About OKX
OKX is the second biggest global crypto exchange by trading volume and a leading web3 ecosystem. Trusted by more than 20 million global customers, OKX is known for being the fastest and most reliable crypto trading app for investors and professional traders everywhere.

As a top partner of English Premier League champions Manchester City F.C., McLaren Formula 1, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new financial and engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

Beyond OKX’s exchange, the OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

To learn more about OKX, download our app or visit: okx.com

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1
Eligibility criteria apply

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7963fd20-7a8e-4558-a6ea-483b8c0c5bfc

GlobeNewswire Distribution ID 8702631

LambdaTest launches support for Samsung Galaxy Z Fold4 and Samsung Galaxy Z Flip4 phones on its continuous testing platform on the cloud

Users can now seamlessly run real-time and automation testing of the newly-launched series on real devices or emulators

San Francisco, Nov. 23, 2022 (GLOBE NEWSWIRE) — LambdaTest, the leading continuous quality testing cloud platform, has launched support for testing on Samsung Galaxy Z Fold4 and Samsung Galaxy Z Flip4 phones. Users, through real devices or emulators, can run real-time and automation testing on the latest series and ensure that they cover all bases and provide the best customer experience.

The Samsung Galaxy Z Fold4 and Samsung Galaxy Z Flip4 phones are among the latest phones out of the Samsung stable. Their unique design has already captured the minds of tech-savvy users, however, for digital enterprises, testing on these phones isn’t as straightforward as compared to the other phones.

“The Samsung Galaxy Z Fold4 and Samsung Galaxy Z Flip4 phones have become very popular among digital-savvy customers. However, for digital businesses, testing on these devices throws up unique challenges due to their design. One needs to think from a customer’s perspective and test a variety of new scenarios depending on the use case,” said Mayank Bhola, cofounder and head of product, LambdaTest. “We, at LambdaTest, are deeply committed to ensuring that we have the latest offerings— be it a new phone, OS, or browser version—ready for our customers to test on as soon as possible.”

LambdaTest has also recently launched HyperExecute, a next-gen smart test execution and orchestration platform that helps testers and developers run end-to-end automation tests at the fastest speed possible.

To know more, visit: https://www.lambdatest.com/test-on-galaxy-z-fold-4

About LambdaTest

LambdaTest is a continuous quality testing cloud platform that helps developers and testers ship code faster. Over 10,000+ customers and 1+ million users across 130+ countries rely on LambdaTest for their testing needs.

LambdaTest platform provides secure, scalable, and insightful test orchestration for customers at different points in their DevOps (CI/CD) lifecycle:-

Browser & App Testing Cloud allows users to run both manual and automated tests of web and mobile apps across 3000+ different browsers, real devices, and operating system environments.

HyperExecute helps customers run and orchestrate test grids in the cloud for any framework and programming language at blazing-fast speeds to cut down on quality test time, helping developers build software faster.

For more information, please visit, https://lambdatest.com


For further information please contact the LambdaTest press office: Bilal Mahmood on press@lambdatest.com or +44 (0) 20 3640 7759 and +44 (0) 771 400 7257.

GlobeNewswire Distribution ID 8702453

New cold spell hits northern and central regions

 

A new cold spell has hit the northern region since early November 23, according to the National Centre for Hydro-Meteorological Forecasting.

 

It is projected to cause rains and cold weather over the next days with the lowest temperature ranging from 19-22 degrees Celsius in the northern plain, and below 16 degrees Celsius in the mountainous region.

 

From November 23-24, northern and central Vietnam will start experiencing rainstorms with the lowest temperature in the plain and mountainous regions ranging from 19-21 degrees Celsius, and 16-19 degrees Celsius, respectively.

 

The northern plain and coastal regions are predicted to witness showers and rains, the centre said.

 

Meanwhile, heavy rains are forecast to hit the southern area of central Nghe An, Ha Tinh, and Quang Binh provinces in the next two days. The Central Highlands and southern regions will also see showers and rainstorms.

 

Experts warned of one or two storms or tropical depressions in the East Sea in late November and early December.

 

On November 23 night, the Gulf of Tonkin, the south region of the East Sea, including Truong Sa archipelago (Spratly), the territorial waters from Quang Tri to Ca Mau, Ca Mau to Kien Giang and the Gulf of Thailand will be struck by downpours and strong thunderstorms with risks of tornadoes and strong winds./.

 

Source: Vietnam News Agency

Reference exchange rate down 2 VND on Nov 23

 

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,672 VND/USD on November 23, down 2 VND from the previous day.

 

With the current trading band of +/-5%, the ceiling rate applicable to commercial banks during the day is 24,856 VND/USD and the floor rate 22,488 VND/USD.

 

The opening-hour rates at commercial banks fluctuated with rises seen in buying rate.

 

At 8:40am, Vietcombank listed the buying rate at 24,627 VND/USD, up 50 VND from the end of November 22 and the selling rate unchanged at 24,857 VND/USD.

 

Meanwhile, BIDV raised the buying rate by 35 VND to 23,655 VND/USD and cut 2 VND from the selling rate to 24,855 VND/USD (selling).

 

Source: Vietnam News Agency

 

85% of healthcare workers develop post-COVID clinical symptoms

About 85% of healthcare workers develop clinical symptoms after contracting COVID-19, with men having more symptoms than women, a study revealed.

 

The study, which was conducted on healthcare workers at the Hospital for Rehabilitation – Treatment of Occupational Diseases on the health status of healthcare workers after COVID-19, examines the proportion of medical staff with the presence of clinical symptoms following COVID-19 disease and related factors.

 

It also found that people with mental health problems are at a greater risk of developing post-COVID symptoms.

 

Phan Nhat Khanh, Deputy Director of the Hospital for Rehabilitation – Treatment of Occupational Diseases, said the study was conducted on 292 medical staff at the hospital from March to October 2022.

 

The results show that the COVID-19 pandemic has put a lot of pressure on medical staff. Up to 85% of healthcare workers develop clinical symptoms following COVID-19. In particular, the number of male medical staff showing clinical symptoms after contracting COVID-19 was 1.13 times higher than female healthcare workers.

 

At the same time, healthcare workers with underlying medical conditions are more likely to develop clinical symptoms following COVID-19 infection. People who are experiencing mental health problems such as stress, depression, anxiety, will have the possibility of showing post-COVID clinical symptoms from 1.13 to 1.22 times higher than the general population.

 

“The COVID-19 pandemic has put great pressure on the health system, in which the medical staff has been greatly affected,” Khanh said.

 

“The survey shows that the need for physical and mental health care for healthcare workers after the COVID-19 pandemic is essential, especially for high-risk groups.”/.

 

Source: Vietnam News Agency

Vietnam moves to conserve critically endangered ungulates

To restore the population of critically endangered ungulates, the Centre for Nature Conservation and Development and the Department for Nature Conservation and Biodiversity jointly held a consultation meeting on November 22 to finalise a project to receive and raise, and restore the populations of Indian hog deer (Cervus porcinus), Rucervus eldii, giant muntjac, and Truong Son (Annamite) muntjac.

 

In Vietnam, these ungulates, which only live in the central and southern Truong Son mountain range, are in danger of extinction due to illegal hunting and capture and loss of habitat.

 

However, there have been to date no conservation proposals or intervention measures to restore populations of these species in the country.

 

They are in danger of quietly disappearing and becoming extinct, if no actions are taken in the next five years, stressed Hoang Thi Thanh Nhan, deputy head of the Department for Nature Conservation and Biodiversity under the Ministry of Natural Resources and Environment.

 

Nguyen Manh Ha from the Centre for Nature Conservation and Development said that the project aims to build a programme to receive, breed, release and monitor four species of the deer family. From experience collected in the implementation of the project, more lessons are expected to be drawn to apply in the conservation of other endangered species./.

 

Source: Vietnam News Agency

 

Vietnam must specify target markets for organic farm produce

Vietnam needs to specify target markets and control the implementation of standards in organic agricultural production to meet the needs of the domestic and foreign markets.

 

At a forum on the development of organic farm produce held by the Ministry of Agriculture and Rural Development (MARD) on November 21 in Ho Chi Minh City, Deputy Minister of Agriculture and Rural Development Tran Thanh Nam said that organic agricultural production must be associated with the development of the consumption market.

 

Organic products with specific characteristics must comply with strict standards and often have low yields and high costs. These products are for the high-end market segment.

 

According to Nam, organic agriculture development must be the right way to approach potential customers at home and abroad.

 

Along with reasonable planning, standards and management for the production and certification of organic agricultural products must be strictly implemented to improve the quality of Vietnam’s certified organic products.

 

Vietnamese organic farming products are exported to about 180 countries and territories, with an export turnover of 335 million USD per year. The exported organic farming products are tea, shrimp, rice, cashew nuts, pepper, cinnamon, anise, essential oils, and spices.

 

The main export markets of those products include France, Denmark, Switzerland, Sweden, China, Cambodia, the US, Italy, Germany, the UK, Russia, Canada, Belgium, Thailand, Malaysia, Netherlands, Hong Kong (China) and Taiwan (China).

 

According to MARD, market research companies believed that the demand for organic food is on a strong upward trend and even exceeds the supply on the world market.

 

The scale of the global organic food market is forecast to have an annual growth rate of 14% during 2021-2026, from 227.19 billion USD in 2021 to 259.06 billion USD by 2022 and 437.36 billion USD by 2026. The regions having the fastest growth are North America and Europe.

 

The Government has issued Decree 109/2018/ND-CP on organic farming regulations and a scheme for developing organic agriculture from 2020 to 2030, creating a foundation for the development of Vietnam’s organic agriculture industry, according to Nguyen Quoc Toan, Director of the Department of Agricultural Product Processing and Market Development.

 

As a result, the area of organic agricultural production is increasing rapidly and has so far reached 174,351 ha, 47% higher than that in 2016. The variety of organic farming products is also increasing though output is lower than expected.

 

Most localities produce organic farming products. In addition, the number of organisations and individuals doing organic agricultural production is increasing.

 

Organic agricultural products are mainly consumed in big cities such as Hanoi, Da Nang and HCM City at modern distribution channels such as trading centres, supermarket chains, and convenience stores. Organic farming products on the domestic market are mainly rice, vegetables, fruits, meat, tea, coffee, pepper and cashew nuts.

 

However, the supply still needs to meet the demand, and many certified organic farming products are for export.

 

Toan said that developing organic agriculture in Vietnam had faced many difficulties and obstacles and had not had significant results.

 

There were difficulties in awareness, production costs, input materials, human resources and technology application. Some other major areas for improvement needed more specific support mechanisms and policies to encourage investment and development for organic agriculture. The support scale was small compared to real needs.

 

Le Trong Kha, CEO of LeKhaMart, said that Vietnam’s organic agricultural production was still fragmented, and the production area was still modest and not concentrated.

 

The planning and linkages among regions and enterprises in rural areas still needed to be improved. In addition, the organisation of production chains had yet to be implemented on a large scale, so the development of organic agriculture had not gained significant results.

 

The development of organic agricultural products follows the trend but needs to meet strict standards under the standard organic certification, however, according to Kha, the maintenance of organic standards after being certified has yet to be taken seriously.

 

Vietnam should have strict sanctions to create fairness and transparency in organic farming development, he said./.

 

Source: Vietnam News Agency