This line-up of stories will help you discover the latest happenings around the tech world, today
1. Women-led startups to benefit from Seedstars’ EWEA program
Women-led startups in Africa are set to benefit from Seedstars’ Enhancing Women Entrepreneurship in Africa (EWEA) program.
This was contained in a statement from Malado Kaba, director of gender, women, and civil society at the African Development Bank on Tuesday.
EWEA is focused on women-led small to medium enterprises as well as community enablers and entrepreneurship support programs.
The funding for the startups is pulled from the collaboration of the African Development Bank’s AFAWA initiative with GrowthAfrica.
According to Kaba: “The project’s grants are expected to support 88 organizations reaching 540 women-led small to medium enterprises with access to 6 000 mentoring hours and 90 investors through this program across 11 countries.”
Ripples Nigeria gathered that community enablers in Cameroon, the Democratic Republic of Congo, Kenya, Malawi, Morocco, Mozambique, Senegal, South Africa, Tanzania, Rwanda, and Zambia will benefit from the funding.
Tech Trivia: What is a “backdoor” attack on a computer system?
A. It is an exploit that bypasses typical authentication methods.
B. It is a hacking attempt performed over a network.
C. It is malware installed by a device connected to an I/O port.
D. It is a security breach caused by a leaked password.
Answer: see end of post
2. After Meta’s fine, Uber Eats, agrees to pay millions for listing Chicago restaurants
Online food ordering and delivery platform, Uber Eats, has agreed to pay a $10 million settlement to the City of Chicago for listing local restaurants in the Uber Eats without consent.
Mayor Lori Lightfoot confirmed the fine in a statement on Tuesday.
According to the statement, over $5 million will go toward paying damages to Chicago restaurants that were affected, and $1.5 million will go to Chicago for the costs incurred during the city’s two-year investigation into the matter.
Uber Eats now joins Meta Platforms, slammed with a fine of 265 million Euros ($275M) by the Irish data regulators, as one of the tech giants hit with fines for breaching rules.
“Today’s settlement reflects the City’s commitment to creating a fair and honest marketplace that protects both consumers and businesses from unlawful conduct,” said Mayor Lori
Cohen Milstein Sellers & Toll is the law firm that represented the city.
3. Berlin-based logistics company secures $22 million to expand footprints
Onomotion, a Berlin-based logistics company, has secured $22 million to expand its footprints.
Beres Seelbach, co-founder and CEO, disclosed the Series A debt and equity fund in a media release on Tuesday.
The German company uses cargo e-bikes with built-in cover from the elements and attachable containers for logistics.
Ripples Nigeria gathered that the startup secured $6.3 million in equity and $15.7 million in debt.
The equity comes from Proeza Ventures, Zu na mi GmbH, the European Innovation Council, and existing investors; while the debt, in the form of a bond, is operated by GLS Bank.
“We want to go to international markets in Europe like Paris or Brussels and then to North America, United States, and Canada,” Seelbach stated.
Trivia Answer: Backdoor
A backdoor is a security vulnerability in a computer system, such as a web server or home PC. It is a hidden way to access a system that bypasses typical authentication methods. The term may be used as a noun or an adjective, such as “backdoor hack” or “backdoor access.”
By Kayode Hamsat
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
INVESTIGATION: 4 yrs after completion, Kwara PHC facility inactive, rural dwellers in pains
In the middle of the night sometime in September 2019, Fatimah Ballah struggled with severe pains as she tries to...
INVESTIGATION: How Oyo State, contractors spent N1.1bn on water projects, but communities don’t have a drop
Multimillion naira water projects largely initiated by the late Abiola Ajimobi-led state government in Oyo State to benefit over 40...
INVESTIGATION: In Cross River, civil servants retire into poverty as govt looks away, squanders funds on frivolities
Thousands of civil servants in Cross River State struggle to stay alive as they are denied their gratuities and monthly...
Students suffer as contractors abandon Kano school projects after receiving over N70m
In 2019, to improve the condition of public schools in Kano State, the Federal Government disbursed millions of naira to...
SPECIAL REPORT: World Bank road projects go bad in Enugu, as state govt fails to fulfill promise
Counterpart funded road projects between the world Bank and Enugu State government have started to fail, as the state government...