💰IFC's €100m Support for OCP Group |🔋Kofa Tech £6.15m battery network

Today’s Menu ☕️

🚙 Nigerian vehicle manufacturer Innoson rolls out 4 electric vehicle models
🔋 Kofa Technologies and PASH Global Launch £6.15M Battery Swapping Network in Ghana with Shell, UK Support
📱Kenyan Court Ruling Opens Door for Facebook Content Moderators’ Legal Battle
💰 IFC Supports OCP Group with €100 Million Loan to Enhance Water Sustainability in Morocco
🪙 Hamster Kombat Season 1 Snapshot: What’s Next After the Airdrop?

If you haven't subscribed, join over 7,000 people curious about Innovation, New Products, New Technologies in Africa.

🚙 ELECTRIC VEHICLES

Nigerian vehicle manufacturer Innoson rolls out 4 electric vehicle models

Innoson Vehicle Manufacturing (IVM) has unveiled Nigeria’s First Locally-Made Electric Vehicles. Cornel Osigwe, Innoson’s Head of Communications and Corporate Affairs, first announced this some days ago but he did not show us images of the electric vehicles.

Now the company has shown us images of the electric vehicles on its website. The company explained the reason for going electric:

“Electric vehicles aren’t just the future—they’re the present. With increasing global awareness of environmental impact, reduced emissions, and a need for more efficient energy use, switching to an EV is one way to contribute to a greener world. But it’s not just about being eco-friendly. EVs also offer lower running costs, reduced maintenance needs, and a quieter, smoother ride. Innoson is here to give you the best of both worlds: sustainability and luxury in one package.”

Here are the 4 Electric Vehicle Models:…....continue reading

🔋 CLEAN ENERGY

Kofa Technologies and PASH Global Launch £6.15M Battery Swapping Network in Ghana with Shell, UK Support

Kofa Technologies Ltd., a Ghanaian clean energy company, and impact investor PASH Global have joined forces to expand Kofa’s battery-swapping network across Ghana. Backed by a £2.35 million investment from Shell Foundation, co-funded by the UK Government through its Transforming Energy Access (TEA) platform, this initiative aims to improve energy access with clean, portable battery solutions.

An additional £1.4 million will support Kofa’s e-bike asset financing, battery technology research, and operational expenses. This initiative is designed to replace petrol-powered motorcycles with electric alternatives, significantly reducing air and noise pollution in urban areas.

Kofa will focus on managing the battery-swapping network, while PASH Global oversees the deployment and maintenance of swap stations. With a target of 6,000 batteries and 100 swapping stations across Ghana, the network will ensure access to clean energy and promote the adoption of electric vehicles (EVs). PASH also plans to eventually power these stations with solar energy, making the project even more sustainable...…....continue reading

📱SOCIAL MEDIA

Kenyan Court Ruling Opens Door for Facebook Content Moderators’ Legal Battle

In a significant ruling delivered on Friday, Kenya’s Court of Appeal upheld the Employment Court’s decision allowing 187 former content moderators to sue Meta, the parent company of Facebook, WhatsApp, and Instagram. This landmark case marks a pivotal moment in holding multinational corporations accountable for the treatment of workers, particularly in emerging economies like Kenya.

The moderators, previously employed by Sama, a contractor for Meta, allege unfair dismissal and are seeking $1.6 billion in compensation for their treatment while working in Nairobi. This lawsuit is notable as it is the first known challenge against Facebook outside the United States concerning the conditions under which content moderators operate. The decision means that Meta can now be held liable for the treatment of these moderators, potentially paving the way for a settlement after previous negotiations stalled in October.

The judges—D.K. Musinga, Asike-Makhandia, and J. Mativo—asserted that the primary dispute regarding the moderators’ claims of unfair termination remains unresolved, paving the way for a potential trial if an out-of-court settlement is not reached. The court’s decision contradicts Meta’s argument that, as a foreign entity, it could not be held liable under Kenyan law. The ruling thus reinforces the jurisdiction of Kenyan courts in matters concerning labor rights and corporate accountability..…....continue reading

💰 FUNDING

IFC Supports OCP Group with €100 Million Loan to Enhance Water Sustainability in Morocco

In a move to bolster Morocco’s water supply for agriculture and industry, the International Finance Corporation (IFC) has granted a €100 million loan (approximately US$108 million) to the OCP Group, a global leader in plant nutrition and phosphate-based fertilizers. This funding will support the construction of a 219-kilometer water pipeline designed to transport desalinated water to OCP’s production operations in central Morocco.

The project aims to secure a sustainable water source for fertilizer production, local communities, and farmers, reflecting OCP’s commitment to sustainability and food security in Africa..…....continue reading

🪙 CRYPTOCURRENCY

Hamster Kombat Season 1 Snapshot: What’s Next After the Airdrop?

As Hamster Kombat continues to gain momentum, the developers have officially taken the Season 1 snapshot, marking a major milestone in the game’s journey. With the upcoming September 26, 2024 airdrop in sight, the game’s followers are eagerly anticipating what lies ahead. This snapshot, taken to determine player rankings and participation levels, has set the stage for the game’s next phase—post-airdrop plans that promise even more excitement and engagement.

The Snapshot: Why It Matters

The Season 1 snapshot serves as a crucial checkpoint in the Hamster Kombat universe. It captures player data, performance metrics, and in-game achievements, which will be used to determine rewards for the upcoming airdrop. Players who have participated in the game’s daily challenges, completed missions, and reached high leaderboard positions stand to benefit the most. This event isn’t just a recognition of player dedication but also a stepping stone for the distribution of HMSTR tokens, rewarding the game’s most engaged players......continue reading

OPPORTUNITIES

• Ecobank Kenya incurs multi-million dollar losses due to card operation vulnerabilities leading to fraud……read more

• Foodpreneurs Hub raises $500K in pre-seed funding to combat food insecurity across Africa…..read more

• Egyptian edtech startup Farid secures $250K pre-seed funding to enhance children’s mental health education……read more

Do you know you can join and follow us with Innovation Village on our WhatsApp Channel?