Posts

STEMINA COMPETITION REGISTRATION

Image
STEMINA COMPETITION REGISTRATION  We are pleased to announce that registration for STEMINA COMPETITION December Edition has started Registration fee is ₦1,000 only  HOW TO REGISTER 1. Notify your parents or patron to sponsor your registration. 2. Complete your registration by contacting admin or the Merifech Scholarship delegate in your school that introduced you to this program  3. Once payment and registration is made, you will receive registration acknowledgement letter from Merifech Scholarship confirming your registration. BENEFITS OF PARTICIPATION 1. A chance to win Merifech Scholarship Prize of ₦10,000 every month  2. Merifech Scholarship competition has enabled students to pass their subjects in WAEC and NECO examinations with "A1", including Mathematics, Computer Studies and English Language 3. Peer- to peer- learning  4. You receive Free 1G (30 days) Data Subscription after your registration. This Free data is to enable you participate in...

How Ikenna Discovered His Business Idea and Turned it Into a $10.6 million Backed Releaf

Image
Ikenna Nzewi and his team started Releaf  to facilitate the availability of  high-quality raw materials needed by FMCGs and manufacturers. Releaf is an Agrictech company that develops proprietary hardware and software solutions to drive large scale processing and availability of PKO for manufacturers in Africa. Ikenna Nzewi  (CEO), Isaiah Udotong (CGO), and Uzoma Ayogu (CTO), started Releaf as a marketplace  by visiting more than 20 States in Nigeria, buying and selling various agricultural commodities to get clear understanding of how specific value chains function and to  investigate opportunities to develop technology to catalyse their industrialisation.  Their discovery that there are big factories in Nigeria that  are using only  about 30% of their capacity, due to inability to get access to high-quality raw material, such as PKO,  and that many of the companies rely on imported raw material, inspired the team to pivot the di...

How Samuel Discovered His Business Idea And Led Remedial Health To Raise $17.4 Million Funding

Image
Samuel Okwuada and his team created Remedial Health to make it easier for healthcare providers to easily access affordable and genuine retail medicines, consumables and medical devices from manufacturers and distributors.  Remedial Health is an e-health startup that develops solutions to make Africa’s pharmaceutical value chain more efficient and reliable.  Samuel got his business idea through the discovery that every  year, 100,000 deaths  in Africa are linked to counterfeit drug trade and that over 30 percent of medicines sold in Africa are counterfeit. This led him to launch Remedial Health with his co-founder, Victor, to help address the challenge, starting with Nigeria.    The company's technology helps pharmacies and hospitals  to order pharmaceutical products sourced from reliable and trusted manufacturers and verified distributors, so as to stem erratic prices, and the supply of fake and substandard products. Store owners can access...

How Adebowale Banjo Discovered The Business Idea of MyCover.ai

Image
While   at  AutoGenius, Adebowale Banjo saw the exposure offered by the digital insurance project his team was working on as an opportunity to learn more about the insurance industry in Nigeria.  Despite Nigeria being Africa's most populous country, its insurance penetration rate is among the lowest in the region, currently standing at just 0.5% as of March 2022. His discoveries  inspired him to initiate a solution for enhancing access to insurance products. That marked the birth of MyCoverai, an embedded insurance startup, which seeks to drive the adoption of insurance by building Africa's digital insurance infrastructure.  The company has attracted more than 10,000 active users, including 4000 first-time buyers of insurance products. It has over 30 distributors on its platform,  and offers integration to 9 leading insurance companies with more than 30 insurance products, Banjo and his team won a seat at  Techstars Toronto 2022, for t...

MyCover.ai: How Adebowale Banjo Discovered His Business Idea And Raised $1.25 Pre-Seed Funding

Image
Adebowale  and his team created MyCover.ai to improve access to insurance services by enhancing the  distribution of insurance   products more quickly and affordably  MyCover.ai, is an insurtech platform which  provides open insurance API that enables businesses and innovators to embed and distribute insurance to anyone in Africa. Banjo Conceived the business idea of MyCover.ai while working on a digital insurance project with his friends at  AutoGenius. His work at AutoGenius made him to start learning deeply about the insurance industry Despite Nigeria being Africa's most populous country, its insurance penetration rate is among the lowest in the region, currently standing at just 0.5% as of March 2022. In contrast, South Africa's insurance penetration rate is much higher, at around 14%, while Kenya's is around 2.8%. And  according to the African Insurance Barometer 2021, insurance penetration in Africa as a whole is only 2.8%, which...