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Egypt-Based Healthtech Startup Chefee Secures $5.25M to Expedite Its Growth And Fuel Expansion

By
Ojukwu Emmanuel
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0

Chefaa, a prominent GPS-enabled health tech startup based in Egypt, has secured $5.25 million to expedite its growth and fuel its expansion into the Saudi Arabian market, where it currently operates in eight cities.

The investment round was Co-led by Newtown partners from South Africa and Global Brain from Japan. Other investors include GMS Capital Partners LLC from the United States, Verod-Kepple Africa Ventures from Nigeria, and M3 Inc. from Japan.

Following its recent launch in Saudi Arabia, Chefaa will use the funding to enhance its presence in the kingdom and scale all models designed to digitize the supply chain.

Also, this strategic funding will support Chefaa’s efforts to scale all models designed to digitize the supply chain and empower industry stakeholders, which inevitably reflect on users’ experiences and boost compliance with treatment.

Speaking on the investment round, Partner at VEROD-KEPPLE AFRICA VENTURES, Ryosuke (Rio) Yamawaki said,

“Chefaa is uniquely positioned to transform the retail pharmaceutical supply chain in Africa. We firmly believe that with their wide-ranging product offerings serving multiple stakeholders, Chefaa will become a critical business infrastructure for pharmaceutical supply chains in Egypt and the broader Gulf region”.

Also speaking, the CEO of Chefaa, Doaa Aref said,

“Chefaa continues to prioritize market needs in the face of continuous challenges. This has resulted in designing new services and features with our eyes on our mission and vision. We focus on measuring Chefaa’s impact as we grow. We are thrilled that our investors share our passion and believe in our vision and mission.”

Founded in 2017 by Dr. Doaa Aref and Dr. Rasha Rady, Chefaa is a female-led e-pharmacy startup with a patient-centric focus, offering an end-to-end healthcare experience.

Chefaa is designed to empower patients to live healthier and happier lives by providing compelling and comprehensive essential healthcare solutions for both individuals and entities, aiming to be the first one-stop-health solution for an end-to-end healthcare experience.

The startup enhances the quality of life for users by allowing them to easily order, schedule, and refill recurring non-insured and insured prescriptions. Chefaa’s free “Ask pharmacist” feature is available 24/7 for anyone, anywhere in Egypt, and the startup takes it very seriously to find users the medication that they need, and if not available, provide a suitable substitution.

By constantly developing its offering and business model, the startup is committed to prioritizing the health of users, while supporting local pharmacies in the process.

Chefaa currently connects over 1 million monthly active users to more than 1,100 pharmacies across Egypt & KSA and has +800K mobile app downloads.

Bangbet is the best place to bet and make money in Nigeria

By
TI Partners
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0

Unlocking the Income: Become a Bangbet agent and prosper!

Welcome to the land of infinite possibilities. With the Bangbet Agent System, you can turn your online influence into a revenue stream that is unstoppable. In today’s vast digital landscape media influencers such as forum moderators, passionate bloggers and media influencers can become potential agents. This journey will lead them from financial ground zero up to multimillion dollar earnings. Bangbet’s Agent System invites these digital enthusiasts, who are passionate about their passion for technology and social media, to use their engagement and reach in order to achieve unprecedented financial success.

Bangbet is aware of the value that media influencers bring to digital. Bangbet Agent System offers forum moderators a way to create and facilitate engaging content, while also facilitating discussion. Bangbet provides a platform for bloggers to earn money with their words. Promotions and Events also offer users other ways to earn bonus and money.

The bangbet agent system frontpage

The Bangbet Agent System does not simply provide a platform. Rather, it is a strategic alliance that believes in the potential inherent in each digital influencer. They are invited to join a platform where their work is not only appreciated but directly correlated to the income they generate. The more you invest in the relationship, the more benefits you will receive.

In the following sections we will explore the comprehensive steps which pave the path for your future success as a Bangbet representative. The entire process is carefully planned to empower you, from the easy registration process to an attractive commission plan. The Bangbet Agent System is aware that your success does not only come from signing up. It comes from creating a lasting and rewarding partnership. This partnership is a testimony to the platform’s determination to acknowledge, appreciate and reward each agent’s unique qualities and contribution.

Step 1: Simple Registration

Registration is easy and convenient. Navigate Bangbet’s partner program registration to the dedicated agent platform, which provides an intuitive interface. This portal is designed to ensure an easy onboarding, and prepare you for your adventure into the world Bangbet.

Bangbet agents can easily confirm and register your mobile number

When you arrive at the platform, start the sign-up procedure by entering the details necessary to create an account for your agent. It is important to confirm your phone number. This will enhance the security of your account by ensuring a trust-worthy registration process. This confirmation confirms your status as a Bangbet-certified agent. It opens up a world of possibilities.

Step 2 – Commission Plan Unveiled: Maximizing your earning potential

Bangbet’s commission plan is one of the most lucrative in the industry. It’s a great way to reward your hard work and to show that they value it. The commission structure was carefully designed to ensure that Bangbet agents receive fair compensation and are rewarded for their important role.

Bangbet offers a 30 percent commission on gross gaming revenue (GGR) for sport betting within Nigeria and African countries. Casinos and esports are also exciting areas that yield a 20% competitive commission. This tiered structure ensures that you get a fair share of online gaming revenue.

Step 3: Reaping rewards – A transparent payment process

As a Bangbet representative, you aren’t alone on this journey. betsure.com helps thousands of agencies flourish in Nigeria. Your success depends on your ability to maximize your rewards.

Bangbet provides a transparent and effective payment process that ensures your hardwork will not only be recognized, but will also be compensated quickly. Secure payment mechanisms turn your success into a tangible income. Bangbet has a commitment to maintaining a positive relationship with its agent by providing an easy payment system.

Step 4 – Diverse platforms, endless possibilities

Bangbet is an example of a program that embraces diversity. By extending its net, it has welcomed a multitude of websites into its network. Bangbet offers a warm welcome to all its affiliates, regardless of whether they run a vibrant blog, a forum, an extensive general news platform, a sports news site or a betting review website.

Bangbet’s Affiliate Program is not limited by industry niches. It thrives instead on its rich variety. Bangbet is looking for people who are passionate about online gaming and want to share the excitement. This isn’t merely an invitation. It’s a way to acknowledge the unique strengths of each website type.

Bloggers get to integrate gaming content seamlessly into their existing narratives. Forum moderators have a new platform to complement their interactive spaces and provide engaging content for members of their communities. By including the latest trends in gaming online, sports news websites can increase their appeal and diversify their coverage.

Several media types can join bangbet

Websites that provide general news find an opportunity to connect with the gaming community, adding dynamism and excitement to their articles. Review platforms for betting find a natural synergy when they align their expertise and insights with a platform who values and rewards them. Bangbet’s affiliate program allows gambling prediction websites to take advantage of their analytical abilities and explore new horizons.

Bangbet is a company that embraces diversity and embraces voices from all over the world. This is much more than an Affiliate Program; it’s a collaboration where the unique talents of each participant are used to create a collective success. As an Affiliate, you’re more than a partner. You play a key role in Bangbet’s efforts to redefine online gaming. Join this vast network, where diversity not only is celebrated, but it is the essence of our thriving community.

Conclusion

Bangbet Agent System – it’s not just a platform. This system is the catalyst for you to achieve financial freedom. You will not only be able to earn a substantial amount of money, but you’ll also be helping create an informed and active community of gamers by becoming a Bangbet associate. Bangbet has launched your new exciting adventure.

Bangbet can help you start your journey towards prosperity.

Nigerian Producers Need Confidence and Authenticity To Advance Our Economy

By
Ndubuisi Ekekwe
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0

Chief Gabriel  Igbinedion, the Esama of Benin Kingdom,  requested for a brilliant young Nigerian to deliver the 10th year anniversary lecture of Igbinedion University. Amazingly, yours truly was selected and they flew me from the United States to Benin.

Behind that support was a bold woman leader, Prof Dora Akunyili, the peerless fighter for clean food, medicine, etc in Nigeria, through NAFDAC. I took this picture as we marched to the podium in Benin for the university anniversary lecture. There were many ministers, business leaders, professors, etc that day. And a village boy from Ovim lifted up the spirit in a historic event for the university.

Why this post? As we discuss the NAFDAC raids to clean Nigeria from fake products, some are making the arguments that our producers have inferiority complex, and the reason they produce and use foreign logos is because Nigerians would not patronize local brands. Kachi E. in the comment section delivered an absolute answer: 

“It’s the duty of the business to develop their brand – create awareness, build customer confidence and drive acceptance. You don’t hustle these things. It’s not a trading skill. It requires a certain level of thinking, intentionality and cost. Nigerian clothiers faced this and won. Nigerian musicians faced this and won. Nigerian movies faced this and won.”

Yes, no one gave the Burna Boy space in Madison, but he persevered, and today he sells all the seats.  Most said Nigerian movies were low quality, but today, they’re breaking records in Netflix and Prime. The very UN Conference where Madam Dora saw me speak “eloquently and confidently” was one I attended as America’s sponsor but made sure everyone knew this na Naija guy (lol). When I finished, she came over, and praised my authenticity and invited me to visit Nigeria. She was a minister then and put enormous efforts to mentor. Nigeria is yet to recover that Madam Dora is not here, but Heaven is more gracious. Yes, Nigeria misses Dora.

So, good people, whether you are making wine in Aba, or belt in Kano, or jar in Ibadan, we must be proud of being Nigerians, and be authentic with ourselves. If we keep improving quality, very soon, we will rise. There is no REASON and None for anyone to make and justify fake food and drugs. Period. Ndu-bu-isi [life is first before everything else] is my name and that means our food and healthcare systems must be safe in Nigeria, Africa and the world.

My Message to Aba Wine Producers And The Necessity of Boldness, Decency on Innovation

Binance and CFTC reach a $1.35 billion settlement, CZ to pay $150 million

By
Paul Ugbede Godwin
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0

Binance, the world’s largest cryptocurrency exchange by trading volume, has agreed to pay $1.35 billion to settle charges brought by the U.S. Commodity Futures Trading Commission (CFTC) over its unregistered derivatives trading activities.

The settlement, announced on Tuesday, marks the end of a long-running legal dispute between Binance and the CFTC, which accused the exchange of illegally offering futures, options, and swaps to U.S. customers without registering as a futures commission merchant or a designated contract market.

According to the CFTC, Binance allowed U.S. customers to access its platform through various means, such as using virtual private networks (VPNs) or third-party intermediaries and failed to implement adequate know-your-customer (KYC) and anti-money laundering (AML) procedures.

As part of the settlement, Binance has agreed to cease all derivatives trading for U.S. customers, cooperate with the CFTC in any ongoing or future investigations, and implement a comprehensive compliance program to prevent future violations.

Additionally, Binance’s founder and CEO Changpeng Zhao, also known as CZ, has agreed to pay $150 million personally to resolve allegations that he was responsible for the exchange’s unlawful conduct. The CFTC said that CZ was aware of the regulatory risks and failed to take appropriate steps to comply with U.S. laws.

In a statement, CZ said that he accepted the settlement as a way to “put this matter behind us and move forward with a clean slate.” He added that Binance remains committed to serving its global customers and expanding its product offerings in a compliant manner.

The SEC accused Binance of operating an unregistered securities exchange and facilitating illegal transactions involving digital assets. The SEC also alleged that Binance failed to implement adequate anti-money laundering and customer identification procedures, and that it misled investors about its compliance with U.S. laws and regulations.

According to the settlement agreement, Zhao will pay $100 million in civil penalties and $50 million in disgorgement of ill-gotten gains. He will also cooperate with the SEC’s ongoing investigation into Binance and its affiliates, and refrain from violating any federal securities laws in the future.

Zhao said in a statement that he accepted the settlement as a way to resolve the legal dispute and move forward with his business. He said that he respects the SEC’s role in protecting investors and maintaining market integrity, and that he is committed to complying with all applicable rules and regulations.

He also said that he is proud of what Binance has achieved in the past five years, and that he will continue to innovate and serve the global crypto community. He thanked his customers, partners, employees, and supporters for their trust and loyalty.

The settlement marks a major setback for Zhao, who founded Binance in 2017 and grew it into a crypto empire with millions of users and billions of dollars in daily trading volume. Binance offers a wide range of services, including spot trading, futures trading, margin trading, lending, staking, mining, and more.

However, Binance has also faced increasing regulatory scrutiny and pressure from various jurisdictions around the world. In recent months, Binance has been banned or restricted by authorities in the U.K., Japan, Germany, Italy, Singapore, Canada, Thailand, Hong Kong, and other countries. The SEC’s lawsuit was one of the most serious legal challenges for Binance and Zhao.

The settlement does not resolve all of Binance’s regulatory issues, as it only covers its activities in the U.S. market. Binance still faces potential investigations and actions from other regulators and law enforcement agencies around the world. It remains to be seen how Binance will adapt to the changing regulatory landscape and maintain its dominant position in the crypto industry.

The settlement is the latest in a series of regulatory actions against Binance, which has faced scrutiny from authorities in several countries over its operations. Binance has also been sued by customers who claimed that they lost money due to technical glitches or market manipulation on the exchange.

Binance has maintained that it operates with high standards of compliance and security, and that it is willing to work with regulators to address their concerns. The exchange has also hired several former regulators and industry veterans to bolster its legal and compliance team.

Micromobility Delisted From Nasdaq Over Noncompliance With Stock Exchange Listing Rules

By
Ojukwu Emmanuel
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0

E-scooter company and leader in innovative urban transportation solutions Micromobility, formerly Helbiz, was on Monday delisted from Nasdaq as a result of the company’s noncompliance with the stock exchange’s listing.

Reports reveal that Micromobility delisting from Nasdaq, was as a result of the company’s failure to maintain a share price of at least $1 as required by Nasdaq Listing Rule 5550(a)(2), and for failing to comply with Nasdaq’s minimum stakeholder’s equity requirement for continued listing.

Accordingly, the Nasdaq Hearings Panel has determined to delist the company’s shares and warrants from Nasdaq. Nasdaq will complete the delisting by filing a Form 25

Notification of Delisting with the U.S. Securities and Exchange Commission SEC, following the expiration of relevant appeal periods. In a delisting letter issued to Micromobility, Nasdaq disclosed that the company may request a listing and hearing review to look into the delisting decision within 15 days from the date of the Delisting Letter.

Micromobility is currently carefully evaluating whether such an appeal of Nasdaq’s decision is warranted. The Company’s evaluation will consider various factors, which include the board’s assessment of the likelihood of the company regaining and maintaining compliance with the continued listing requirements.

Additionally, the evaluation will encompass an analysis of the benefits of continuing to list on Nasdaq compared to the substantial costs, including the extensive commitment of management’s time and resources for complying with various listing requirements.

Notably, Micromobility recently said it intended to seek approval for another reverse split at a special meeting of the stockholders scheduled for January 2024.

The company is firmly dedicated to meeting the Panel’s conditions and is strategically positioned to take further actions to ensure ongoing compliance and bolster investor confidence.

The Company estimates that its expenses related to maintaining its Nasdaq listing are expected to rise significantly in the coming years due to the compliance requirements of the Sarbanes-Oxley Act (SOX) and ESG initiatives, among others. In anticipation of realizing substantial cost savings, the Company sees potential opportunities to streamline operations through delisting and deregistration.

Micromobility removal from Nasdaq is coming after the company’s stock has struggled to remain in compliance since going public via a special purpose acquisition merger in 2021. In March 2023, the company issued a reverse stock split to bring the price back into compliance, the gains from which didn’t last long.

Before the final delisting of Micromobility, the company last month November, received a notice from the Nasdaq hearings panel, stipulating that the company must meet all the continued listing requirements, including the bid price and market value of listed securities requirements by the deadline of December 29, 2023.

The CEO Salvatore Palella at that time expressed appreciation to Nasdaq for the opportunity to continue executing the company’s strategic plan, stating that the team is fully committed to addressing the compliance issues identified by Nasdaq and is actively working towards enhancing its growth trajectory and maximizing shareholder value. However, all efforts seem not up to par, following the company’s recent removal from Nasdaq.

Electric scooter company Bird has filed for Chapter 11 bankruptcy. The six-year-old firm said in a press release that it will continue operations as it aims for “long-term, sustainable growth.” It’s been a tough couple of years for Bird, which went public in late 2021 but was delisted from the New York Stock Exchange after its share price tanked. It’s not the only startup of its kind struggling in recent months: Micromobility.com was delisted from the Nasdaq on Tuesday, and European scooter company Tier just laid offnearly a quarter of its workforce.

In the year after its NYSE debut, Bird’s market cap fell from $2 billion to $70 million.

The bankruptcy filing does not include Bird’s Canadian or European operations, which will continue as usual, the company said. (LinkedIn News)

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