Thor Explorations Limited Wins 2018 Investment Battlefield Award

Thor Explorations Limited (also known as Segilola), a gold mining company operating in Osun State, Nigeria has emerged winner of the 2018 Investment Battlefield award for their gold exploration project in Osun State.

Thor Explorations Limited was selected as the most promising of the 22 junior mining companies that participated in the battlefield, after beating Algold Resources, a Mauritanian gold explorer company.

The CEO of Thor Explorations Limited, Segun Lawson, accepted the Investment Battlefield award after pitching the project to a panel of judges made up of leading analysts and investors, in Cape Town, South Africa.

The award came just as Nigeria was named among the top ten mining designations for 2019.

The company, which has considerable interest in some West African countries is also listed on the Toronto Stock Exchange. Thor’s flagship asset is its 100 percent owned Segilola Gold Project in Osun State.

Thor has been developing the Segilola Gold Project since it acquired it 15 months ago and aims to break ground this year by commencing construction.

The Segilola Gold Project was presented by Thor to a number of investor panels at the 2018 Mining Indaba in the extremely competitive Investor Battlefield Competition, which ran over the course of three days. Thor and Segilola emerged victorious over all participants with Segilola being declared the “Best Emerging Mining Project in Africa”.

In the words of Segun Lawson:

“The economic robustness of the project, the progressive Mining Code of Nigeria and the regulatory framework of the Ministry of Mines and Steel Development as well as the potential to increase its size through further exploration were the key critical factors considered by the panel.”

General Manager, Global Business Report, Alice Pascoletti, said Nigeria’s inclusion among the top mining destinations for 2019, was premised on factors such as legal and regulatory framework, ease of doing business, risk profile as well as experiences of operators in the country.

Thor’s CEO, Segun Lawson, 39, a geologist who was educated in the United Kingdom, had a brief stint in investment banking before venturing into mining, when he founded the company some eight years ago.

Thor Explorations currently employs 52 people in three West African countries, but Lawson said this would rise to about 250 once production starts at the Segilola Gold project, which is its flagship.

Placements.ng Wins 2018 Techpoint Build Pitch Storm Competition

Placements.ng also referred to as Placements has emerged as the overall winner of the 2018 Techpoint Build Pitch Storm competition.

Placements, a platform that allows job seekers find paid internship opportunities in Nigeria, receive an equity-free cash prize of ₦1 million and, along with other finalists, will gain the necessary exposure for their business and possibly investments too.

Acounteer, and Legitcar also emerged as the first and second runner-up respectively.

The maiden edition of Techpoint Build is an annual convergence of startups, innovators, makers, technical entrepreneurs and all industry stakeholders across Nigeria.

After a stringent screening process, nine of the over 200 applicants for the Techpoint Build Pitch Storm competition emerged finalists.

The nine finalists;  Accounteer, Wemove, The Footwear Academy, SmartTeller, myPadi, Legitcar, Gerocare, Loystar and Placements had been part of an intense 3-day Bootcamp to help them prepare them for the finale.

The judges for the event include; Nick Dixon (Founder, Cloud Cover), Aima Nwafor-Ohiwerei (Fellow, Singularity Investments), Adetunji Eleso (Head, Growth Capital CChub), Deepankar Rustagi (CEO, Vconnect), Yele Bademosi (Founder, Microtraction), Olanike Jagun (MTN), Jason Njoku (Founder, Spark), Leonard Stiegeler (GM, Ringier Africa), Kola Aina (Founder, Emerging Platforms), Chika Nwobi (CEO, L5 Lab) and Martin Karanji (GSMA).

Techpoint Build aims to foster increased local investment in Nigeria’s local startup ecosystem.

Winners Of Phillips Consulting 2017 Web-Jurist Assessment Ratings

Winners have emerged in the Phillips Consulting annual Web-Jurist assessment for 2017.

The Web-Jurist ratings aims to accurately gauge the effectiveness and usefulness of customer facing websites and online web service platforms in Nigeria taking into consideration the customers need.

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Winners Of 2017 Nigeria Technology Awards (NiTA)

Winners have emerged in the 2017 Nigeria Technology Awards (NiTA) organized to recognize, celebrate and reward technology entrepreneurs, innovators, academicians, inventors and policy makers (Government) in Nigeria.

Nigeria Technology Awards (NiTA) is aimed at building a large scale and internationally recognized technology awards in Nigeria.

Best Use of Technology Winners
Category Winner
Best Use of Technology TV Station Channels Television
Best Use of Technology Radio Station Inspiration 92.3 FM
Best Use of Technology Vehicle Automation Courteville Business Solutions Plc
Best Use of Technology Signage Designs Aris Designs Limited
Best Use of Technology Insurance Service Cornerstone Insurance Plc
Best Use of Technology Courier & Logistics DHL Express Nigeria
Best Use of Technology Road Transportation God Is Good Motors
Best Use of Technology Agriculture Agrited Nigeria Limited
Best Use of Technology Cinemas Entertainment Genesis Deluxe Cinemas
Best Use of Technology Digital Billboard Advertising Afromedia Plc
Category Winner
Best Use of Technology Federal University University of Lagos
Most Innovative Federal University University of Nigeria, Nsukka
Best Use of Social Media Federal University University of Calabar
Federal University Website of the Year www.unn.edu.ng
University of Nigeria, Nsukka
Federal University Website of the Year www.unical.edu.ng
University of Calabar
Best Use of Technology State University Ambrose Alli University
Best Use of Social Media State University Kwara State University
State University Website of the Year www.uniosun.edu.ng
Osun State University
Best Use of Technology Private University Covenant University
Best Use of Social Media Private University Covenant University
Private University Website of the Year www.covenantuniversity.edu.ng
Covenant University

Silas Adekunle Builds World’s First Gaming Robots

Silas Adekunle, the founder and CEO of Reach Robotics, has developed the world’s first gaming robots called MekaMonsters, a multi-functional connected battle bots with augmented reality capabilities.

Adekunle was born and grew up in Nigeria before moving to the UK with his family when he was 11. He graduated from the University of the West of England, Bristol, with a first class degree in Robotics. He stated that he got the idea to build the robots while studying there, teaching maths and science in local schools on the university’s partnership scheme.

Continue reading Silas Adekunle Builds World’s First Gaming Robots

Olusegun Arowolo Invents Cocoa Pod Breaking Machine

Olusegun Arowolo, has invented a cocoa pod breaking machine to boost the production of the commodity as well as encourage more Nigerians to take into cocoa farming.

Mr. Olusegun Arowolo said the idea of inventing the machine was conceptualised to complete the mechanisation of cocoa plantation so as to take cocoa farming to large scale industrial dimension.

According to Mr. Arowolo:

“This machine was invented in order to encourage people, both young and old, especially school leavers to have interest and fun in going into cultivation of cocoa thereby reducing unemployment rate among the populace. The machine is to ease the hardship being encountered by farmers on cocoa plantation and boost production as well as increase internally generated revenue of the state.

The cocoa pod breaking machine was invented by me and it is the first of its kind worldwide and can break 20,000 to 30,000 pods per hour. Also, it is important to state that the cocoa season is around the corner and so the machine will complement the already available spraying and moving machine in the market.”

Arowolo in Abuja stated that his aim of developing the machine was to also encourage all segments of the populace to partake in cocoa farming, as this would reduce unemployment, boost the economy.

Emmanuel Owobu & Misan Rewane granted $100,000 each by Expo Dubai 2020

Dr. Emmanuel Owobu co-founder of OMOMI and Misan Rewane, CEO of WAVE are among the 16 innovators granted $100,000 each by Expo Dubai 2020 live to participate in the 2020 event.

The grant of $100,000 each is to aid the innovators (Dr. Emmanuel Owobu and Misan Rewane) to expand their project and impact the lives of rural dwellers.

The organisers said:

“A Nigerian doctor who co-launched a mobile app and website to help save children’s lives after watching a baby unnecessarily die in an emergency room has won an Expo Live grant from organisers of the next World Expo, being held in Dubai in 2020.

The OMOMI application helps expectant mothers and parents of under-five-year-olds monitor the wellbeing of their children from home, which can be life-saving for families living in remote areas or who cannot afford to attend a medical facility.”

Since it was launched in Benin City in 2015, more than 30,000 parents have used the platform. The funding from the Expo Live programme will help it reach even more families.

Expo 2020 Dubai’s Expo Live programme has an allocation of $100 million to back projects that offer creative solutions to pressing challenges that impact people’s lives, or help preserve the world – or both. Organisers are looking for projects that would not reach their full potential without its support. The programme will grant up to $100,000 per initiative for its Innovation Impact Grant Programme – to be made available incrementally depending on progress and results.

Emmanuel Owobu Osayi, a doctor and co-founder of OMOMI, said:

“OMOMI, which means ‘my child’, was inspired by painful memories. While I was a medical doctor, I had a very painful experience. A young mother came into the emergency room crying and holding a baby. Looking at the baby, I knew he was severely dehydrated, and looking into his history, I saw he had been suffering from diarrhoea for some time, so I asked the mother why she took so long to bring him into the hospital. She said she thought she could wait until the morning. We tried to resuscitate the baby and give him fluids, but we lost him. The mother, crying, picked up her phone and called her family members. I asked her why she hadn’t used her phone to get information or help online, and she said she didn’t know how; she didn’t have a platform to help her do that. A few months later a friend called and told me about a very similar situation. We talked and decided we needed to find a solution.”

OMOMI was developed by MOBicure Integrated Solutions. Its information and interactive features are based on the Childhood Survival Strategies set by the World Health Organisation and UNICEF. Parents can track their child’s immunisation status, monitor their growth, manage diarrhoea with an interactive do-it-yourself platform, and communicate with doctors and other parents. The app also provides a fun educational quiz that gives parents basic health information, including nutrition advice, as well as other useful tools such as an ovulation calculator, GPS hospital locator and information about breastfeeding.

Emmanuel Owobu Osayi said:

“The Expo Live grant will help us further build on the OMOMI platform, providing more features and health information, as well as bring it to the attention of more parents in Sub-Saharan Africa.”

World Expos, which trace their origins back to the 1851 Great Exhibition in London, have always celebrated the latest in innovation and technology. The Expo Live programme was launched in January 2017, following a pilot phase last year. It aims to stimulate innovation that has a social benefit, by supporting winning projects with funding, business guidance and promotion. Successful applicants will also have the chance to showcase their work to many millions of visitors to Expo 2020 Dubai.

To date, the programme has attracted more than 1,100 applicants from 107 countries around the world. Following a rigorous evaluation process, which included live presentations in Dubai in August, 16 grantees from 14 countries have joined Expo Live’s community of Global Innovators. With these new members from the second cycle, the community now comprises 45 Expo Live Global Innovators from 30 countries. The second Nigerian is Lagos-based startup West Africa Vocational Training (WAVE), which prepares young people in Nigeria for employment opportunities in the expanding hospitality and retail sectors.

According to the organisers, in major West African economies, youth unemployment ranges from 40 to 85 percent. Education in the region often does not provide young people with the skills needed to participate and compete in the job marketplace. WAVE works with unemployed youth to train them with the skills that they require to get their first job to start a career and build a brighter future.

Since its launch in 2014, WAVE has trained 1,200 unemployed young people and connected 60 percent of them directly to entry level work. The average income of a young person in West Africa is just USD 2 a day. Those who go through the WAVE programme earn more than twice that – USD 4-6 a day in their first jobs. For those taking part, WAVE is their first step to getting into the formal economy and giving them access to building a brighter future.

Misan Rewane, CEO of WAVE, said:

“This news comes as a big vote of confidence in our vision, and a big sign of Expo 2020 Dubai’s commitment to supporting young people and creating a meaningful social legacy. Africa’s youth are an untapped resource.

Through our home-grown approach education, training, and skills provision we hope to help thousands of young Africans into work – creating a demographic dividend for our region. The Expo Live grant will help us replicate our model by opening new academies. We will use this funding to begin working formally with the school system, with educators, with other training providers in the social impact space, with employers who are looking to grow their talent.

By 2019, we aim to train 25,000 young people a year, helping them into stable jobs that give them a boost in income of up to 400 percent. This grant helps to make this possible.”

The list of the latest Expo Dubai 2020 live Programme recipients are:

Afghan Institute of Learning (Afghanistan)

The institute is using mobile phones in the classroom to educate and empower illiterate women. The course teaches women and older girls how to read and write with the help of mobile phones rather than pen and paper, as well as education on topics such as health and hygiene, values and human rights. Expo Live’s grant will help the institute hold more literacy classes in rural and urban areas.

Atollo (Canada)

The firm produces Talking Stickers, an initiative that has taken a generations-old activity and turned it into a ‘smart’ early language development tool for children in locations where it is difficult to access education. The project currently runs in India, however Atollo will use the Expo Live grant to test and develop business and distribution models further, before expanding to other countries – including Lebanon, Mozambique, Afghanistan and Chile.

The Plastic Bank (Canada)

The Plastic Bank has established convenience stores in Haiti that accept plastic waste as currency, turning the product into what it calls Social Plastic. The plastic is then sorted, recycled and sold to companies to use in their manufacturing instead of new plastics. The Expo Live grant will help promote the concept in other parts of the world.

Be My Eyes (Denmark)

This start-up uses mobile technology to make the world more accessible for the blind and visually impaired. The Be My Eyes app connects a blind person with a sighted volunteer, who describes what they see through live streamed video. Through the Expo Live grant, Be My Eyes plans to increase the number of users and volunteers, and expand the complexity and diversity of features.

GoRaymi (Ecuador)

GoRaymi is a digital platform that connects tourists with off-the-beaten-track experiences in Ecuador, helping less prominent, regional destinations to benefit from the country’s tourism industry. Expo Live’s grant will help GoRaymi to improve technical aspects of the platform, as well as create enticing content about the destinations to attract a larger user base.

Paptic (Finland)

Finnish start-up Paptic Ltd impressed the Expo Live team with its innovative, wood-based alternative – PAPTIC – to plastic packaging and bags, which aims to reduce the amount of plastic waste that reaches the oceans. The funding will allow the firm to develop new applications for PAPTIC beyond its use in carrier bags, and it will also help it take the product to other markets.

CoolCrop (India)

CoolCrop has developed a prototype low-cost cold room for the storage of perishables, powered by solar energy that can be easily deployed to small-hold farmer cooperatives. It allows farmers to store produce for up to six months, depending on the item, allowing them to sell their goods at the best price and to build a more sustainable livelihood. The grant will help CoolCrop develop more cold rooms and make it available in more locations across India.

Kabadiwalla Connect (India)

The mission of Kabadiwalla Connect is to divert urban India’s waste away from landfill, helping to cut CO2 emissions as well as increase income opportunities for small scrap dealers (kabadiwallas). It uses technology to link key individuals that make up the informal waste ecosystem in Chennai, such as small waste pickers, small aggregators and material recovery facilities. The Expo Live grant will help fund the schemes and support more kabadiwallas.

Kitenergy Srl (Italy)

The firm is using kites to capture ‘high altitude wind’ to provide low-cost power in remote areas that have limited or no access to electricity. Expo Live’s grant will allow Kitenergy to conduct field tests on a remote island in Cape Verde, giving 200 residents access to electricity and powering a desalination plant.

 

CheeksUp (Latvia)

The CheeksUp face motion game combines 3D recognition with real-time motion tracking to motivate patients to learn to use their tongue and lips correctly for speech, as well as gamification to ensure the programme is enjoyable. It can be used by speech therapists, myofunctional therapists and physiotherapists. The funding will allow CheeksUp to help more children fast-track their therapy, as well as develop and implement new game elements, animations and graphics.

Liter of Light (Philippines)

My Shelter Foundation Inc has developed the ‘Liter of Light’ – an efficient and cost-effective solar lamp that uses immediately available materials, including plastic bottles and inexpensive, basic electrical components, to produce a reliable source of light. Expo Live’s support means that 20 permanent training centres can be built in the Philippines to boost production of the lamps.

CaribePay (St Kitts and Nevis)

This fintech start-up provides a 100 percent cashless payment service that allows transactions anywhere, anytime, without electrical power or internet access. It utilises cashcards, payment terminals and apps and is designed so that neither the seller nor the buyer needs a bank account. Funding from Expo Live will allow CaribePay to expand into other Caribbean countries, and later into Africa, the Middle East and Asia.

NOW Money (UAE)

NOW Money provides a mobile app for low income workers who struggle to access banking services. The app allows them to manage their finances as well as send remittances home with the touch of a button. Thanks to a grant from Expo Live, NOW Money will be able to expand its scheme to help low-income workers in other Gulf countries.

Ideabatic (UK)

The firm has developed a low-cost, battery-powered carrier that provides constant, cool storage for vaccines to prevent them from being damaged due to heat exposure in transit. Expo Live’s grant will help Ideabatic to fine tune prototypes and test them in the field.

KinTrans Inc (U.S.A)

KinTrans Inc is using technology to translate sign language accents between deaf and hearing people in real-time to help them better communicate. The funding will allow KinTrans to regionalise American sign language in the U.S. and the UAE, and Arabic sign language in the UAE by collecting user data.