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Presenting the 2020 Partech Africa Report: The African Tech ecosystem is still accelerating with 359 equity rounds (+44% YoY) to a total funding of US$ 1.43B (-29% YoY)


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Today, Partech Africa publishes its annual report on VC Funding for African Startups. It appears that, in the middle of the global pandemic, the African tech ecosystem is still growing fast, with more deals closed, and is getting a boost from the accelerated digitalization of foundational economic sectors.
More equity rounds in a challenging year
In 2020, more startups have closed deals than in any previous year: 359 deals were closed by 347 startups, compared with 250 rounds in 2019, i.e., a +44% growth YoY. Another very positive signal is the number of seed deals which massively accelerated, reaching 228 deals (+80% YoY). Venture stages (Series A B) are continuing to grow (+11% deals YoY) despite a general erosion of round sizes. Growth stage sees a low deal count and a marked drop in ticket size (-60% YoY). ....

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Travel, Tourism & Hospitality Dubai Airshow to demonstrate role of new tech in accelerating growth


February 2021
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Dubai Airshow 2021 will serve as a platform to showcase the role of cutting edge technologies in bolstering the recovery of the aviation, aerospace and defence industries following the impact of the Covid-19 pandemic on those sectors.
 
The impact of the pandemic has accelerated the use of new technologies, including artificial intelligence (AI), machine learning, cybersecurity, touchless solutions, 5G, robotics, and automation. These solutions serve as a means to drive new opportunities within the industry and enhance safety, operations, productivity and profitability.
 
A recent report shows that 69 per cent of aerospace and defence executives say they have prioritised anticipating and responding to supply-chain events in order to protect the customer experience. Covid-19 has emphasised the need for more resilient, flexible and adaptable supply chains for the industry. Executives overwhelmingly agree emerging technologies like A ....

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Welcome To IANS Live - INTERNATIONAL - China's catering industry recovers in December 2020: Ministry

The industry s revenue rose 0.4 per cent year on year in December last year, up 1 percentage point from the figure for November 2020, according to the Ministry of Commerce, the Xinhua news agency reported.Cate ....

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