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🔋UK’s SteamaCo acquires Nigeria’s Shyft Power Solutions

🔋UK’s SteamaCo acquires Nigeria’s Shyft Power Solutions

Plus:🚙 Jaguar rebrands as it resets for EV era

Innovation Village
November 20, 2024

Today’s Menu ☕️

Amenli Secures $2.3 Million to Revolutionize Egypt’s Insurance Landscape
Jaguar rebrands as it resets for EV era
Google Introduces Advanced Security Features to Protect Android Devices from Theft
UK’s SteamaCo acquires Nigeria’s Shyft Power Solutions and secures new funding
Telkom Halts Sale of Openserve: A Strategic Shift Towards Long-Term Growth and Enhanced Connectivity

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☂ INSURANCE

Amenli Secures $2.3 Million to Revolutionize Egypt’s Insurance Landscape

Amenli, a leading insurtech broker licensed by Egypt’s Financial Regulatory Authority (FRA), has raised $2.3 million in a new funding round aimed at accelerating its growth and redefining the insurance experience in Egypt. The investment, led by the European Bank for Reconstruction and Development (EBRD) Venture Capital arm with participation from Y Combinator (YC), signals strong investor confidence in Amenli’s innovative approach to expanding insurance access in emerging markets.

The insurtech broker has so far raised $5.7 million since inception. The last raise was $1 million in 2023 led by Alter Global, a distinguished international venture capital (VC) firm focusing on emerging markets.

The newly secured funds will be strategically deployed to enhance technology capabilities, expand distribution channels and invest in product development.....……continue reading

🚙 AUTOMOBILES

Jaguar rebrands as it resets for EV era

Jaguar, the iconic 90-year-old sports car manufacturer, is gearing up for a seismic transformation. The British automaker, a subsidiary of Jaguar Land Rover (JLR), has unveiled a comprehensive rebranding strategy as it prepares to pivot entirely to electric vehicles (EVs). This move, which marks a complete departure from its storied past, is designed to align Jaguar with the future of luxury, sustainability, and cutting-edge technology.

At the heart of this reinvention is Jaguar’s bold decision to abandon its recognizable “growler” logo, a symbol synonymous with the brand for decades. The growling jaguar face, once a hallmark of its sporty and powerful image, has been replaced by a minimalist sans-serif wordmark. The reimagined logo blends uppercase and lowercase letters in a geometric design, signaling a sleek, modern aesthetic. Complementing the wordmark is a maker’s mark featuring a mirrored “j” and “r,” along with a nod to the past via the elegant “leaper” logo, set against a striped backdrop........continue reading

📱DEVICES

Google Introduces Advanced Security Features to Protect Android Devices from Theft

Google has rolled out a cutting-edge suite of security features to protect Android users from phone theft and safeguard their data. These features, designed to leverage advanced technologies like artificial intelligence (AI) and biometric authentication, are now available globally on Android 15 and devices running Android 10+ through a Google Play Services update.

At the heart of this update is the Theft Detection Lock, an AI-powered feature that secures devices during theft attempts. Using on-device machine learning, it analyzes suspicious signals—such as unusual handling—and automatically locks the screen if theft is detected.……continue reading

🔋ENERGY

UK’s SteamaCo acquires Nigeria’s Shyft Power Solutions and secures new funding

Shyft Power Solutions, a pioneering Nigerian company specializing in digital energy solutions, has been acquired by SteamaCo, a UK-based leader in energy revenue management. This strategic acquisition aims to revolutionize Africa’s energy sector and has also brought in new funding to support its initiatives.

Shyft Power Solutions is renowned for its innovative Internet of Things (IoT) hardware and integrated software designed to intelligently manage energy services. The company offers a range of solutions, from turnkey metering systems to patented monitoring and control technologies, all dedicated to providing exceptional energy experiences and addressing real-world energy challenges.

SteamaCo, an Anglo-African technology company, empowers energy providers to deliver reliable, productive, and affordable power to communities in emerging markets. The merger between Shyft and SteamaCo coincides with a new funding round led by Equator VC, with additional participation from Praetura Ventures and KawiSafi Ventures.....……continue reading