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News 24: Five UCT graduates stand to win R18m for their energy solution for rural communities

OMNIVAT, a renewable energy startup founded by five University of Cape Town (UCT) graduates, is in the running to win an R18 million prize for its solution to tackle energy shortages and lack of clean water in rural communities.

The startup also has ties to Tanzania and the Democratic Republic of Congo (DRC) and uses a combination of solar panels, batteries, and hydrogen – all pre-packaged in a shipping container – to provide reliable power to users, even when the sun isn’t shining.

Read the full article here.

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Africa Business: Driving Financial Inclusion in Nigeria: Adeshina Adewumi of Trade Lenda on Empowering Small Businesses

Adeshina Adewumi, founder of Trade Lenda and a semi-finalist in the Milken-Motsepe Prize in FinTech, delves into the inspiration behind his team’s mission to enhance financial inclusion for small businesses in Nigeria. In this revealing interview, Adewumi explains how Trade Lenda’s solution uniquely addresses challenges faced by underserved communities and differentiates itself from other innovations in the fintech space.   Read and watch the full interview here.

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February 4, 2025
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Africa Business: Redefining Financial Systems: Meghan McCormick of Oze on the Power of African-Led FinTech Innovations

Meghan McCormick, co-founder of Oze and a semi-finalist in the Milken-Motsepe Prize in FinTech, discusses the transformative potential of African-led fintech innovations in reshaping global financial systems. In this exclusive interview, McCormick highlights inspiring success stories from the competition, sharing insights into how these standout innovations can serve as blueprints for the future of fintech. She also emphasizes the importance of sustainability and long-term economic impact, explaining how the competition supports participants beyond prize funding.   Read and watch the full interview here.

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February 4, 2025

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