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Kenya’s Apollo Agriculture Closes $1m Debt Funding, Two Other Things And A Trivia

This line-up of stories will help you discover the latest happenings around the tech world, today.

1. Kenya’s Apollo Agriculture closes $1m debt funding

Apollo Agriculture, a Kenyan agri-tech startup, has announced closing US$1 million in debt funding from the Agri-Business Capital Fund (ABC Fund).

The startup uses machine learning and automated operations technology to help small-scale farmers access the resources they need to maximise their profitability.

According to local media, the startup is based in Nairobi, helping farmers access things like financing, insurance, farming products and optimised advice.

Last year, the startup raised a US$6 million Series A funding round while working on tripling the size of its customer base.

Apollo is expected to use the cash scale its solution to reach more smallholder farmers who are unable to access microfinance and commercial bank lending.

Eli Pollak, the startup’s chief executive officer (CEO), who spoke on the development, noted that its tech-driven initiative aims at helping farmers globally.

He said: “This funding will support our strong continued growth, enabling us to help more small-scale farmers access high-quality farming inputs, advice and insurance on credit, significantly increasing their yields and income.

“Apollo’s automated, tech-driven approach is designed to help millions of farmers make the transition from subsistence to commercial farmer sustainably. We are excited to have ABC Fund as a strong partner as we continue to scale.”

Tech Trivia: Which of these materials is the best conductor of heat?

A. Diamond
B. Copper
C. Aluminium
D. Silver

Answer: See end of post.

2. SA’s HyperionDev raises $3.5m Series A funding round

HyperionDev, a Cape Town-headquartered ed-tech startup, has raised ZAR50 million (US$3.5 million) in Series A funding.

The new raiser is expected to help the startup expand its offering to thousands of students globally.

HyperionDev was founded in 2012 as an online course platform for computer science education.

The startup allows anyone to take online courses in coding with a personal computer or mobile phone.

Before now, the startup has been backed by the likes of Facebook and Google.

According to Riaz Moola, founder and chief executive officer (CEO), the new raiser will see the company through a growth phase and directly benefit its students.

He said: “This incredible milestone will directly benefit thousands of students across the globe who are looking for an accessible and affordable way to learn job-ready, practical developer skills in months rather than years. In the past 12 weeks, we’ve welcomed over 1,500 new stakeholders.”

3. Golden Ventures adds $100M as funds to portfolio

Being its fourth fund, Canadian early stage venture firm Golden Ventures has raised a $100 million pool of capital that it will use to invest in between 20 to 25 companies.

This comes as the startup celebrates its 10th anniversary which coincides with a period when the Canadian startup ecosystem looks healthier than ever.

According to the company, the new funding also comes with another $20 million ‘Opportunities Fund’ that it will use to make follow-on investments in standout performers among its portfolio.

Golden Ventures Founder and Managing Partner Matt Golden, and General Partner Ameet Shah noted that there is a recent surge in institutional LPs.

He said: “Over time, we’re certainly seeing more and more interest in institutional LPs, more and more interest in the Canadian ecosystem, which I think is a net positive.

“Whereas before, the Canadian ecosystem was largely funded by Canadian institutions, so I think that’s really positive, because you have to sort of be judged on the on the world stage. And we’re starting to meet that bar as both an ecosystem and as a fund.”

Tech Trivia Answer: Diamond

Aluminum and copper have the highest thermal conductivity among common metals (205W/mK and 401W/mK versus say 50W/mK for steel) and are easily the most frequently used materials in the making of computer heatsinks. Although copper is superior at conducting heat, aluminum performs respectably while being cheaper, lighter and easier for manufacturers to work with.

There are better heat conductors but they aren’t practical materials for producing computer heatsinks: silver exceeds copper’s thermal conductivity at 429W/mK (hence Arctic Silver thermal paste), diamond brings that into the thousands at 2300W/mK (and likewise hence IC Diamond thermal paste), while early measurements of graphene puts it at 5300W/mK.

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Rivers: Police detain 5 over CDC chairman’s death

The Police Command in Rivers has apprehended five suspects over the alleged killing of Chief Ndidi Livingstone, a former Community Development Committee (CDC) Chairman, Mgbuoshimini, Rumueme, Obio/Akpor Local Government Area.

The Commissioner of Police, Mr Disu Olatunji, told newsmen in Port Harcourt that after the killing, the command launched a nationwide manhunt to apprehend the perpetrators.

It would be recalled that Livingstone was murdered in front of his wife and son during a church service in his community on Jan. 13.

Olatunji said that the FID-Intelligence Response Team and personnel of the command later identified nine suspects, including the mastermind of the killing.

He said that five of the suspects died from gunshot wounds sustained after attempting to resist arrest.

“Peter Chukwu, who masterminded that operation, was tracked down in his hideout in Ibusa, Delta, on April 5. His attempt to resist arrest led to his death,” he said.

The commissioner listed other suspects linked to include, Adebayo Adebayo, 48; Success Oge, 39, Nnamdi Emmanuel, 35, John Lucas, 34, and Sunday Godspower, 33.

Others are, Ifeanyi Nwadike, 30, Chigemezu Anochirimoyeanya, 29, Chimezie Adiele, 29, and Ogolo Promise, 25.

He further said that four of the suspects, Adebayor, Emmanuel, Lucas and Promise, led the police to the gang’s hideout in Aluu Village, where their cache of weapons were recovered.

“While approaching the camp, our personnel came under heavy gunfire from hoodlums suspected to be members of the gang.

“The four suspects attempted to escape during the ambush but were caught in the crossfire, they died in the process.

“There bodies have been deposited at the University of Port Harcourt Teaching Hospital morgue for autopsy,” he clarified.

Olatunji said that two AK-47 refiles, two SMG rifles, an assault rifle, a shotgun rifle, a pistol, 10 magazines, and 150 rounds of live ammunition were recovered from the gang.

He said that efforts were ongoing to apprehend other suspects that were linked to the criminal syndicate.

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Police arrest 9 suspects over communal crisis in Kogi

The Police Command in Kogi State has arrested nine suspects in connection with a communal crisis in Itamah area of Kogi.

The crisis occurred after the assassination of the community traditional ruler, Onu Itamah Job Shagari.

The Commissioner of Police in the state, Mr Bethrand Onuoha, said this in an interview with the News Agency of Nigeria (NAN) in Lokoja on Thursday.

The late Chief Job Shagari was on Aug. 12 assassinated by some gunmen who invaded the community.

The traditional ruler’s death had created rift between two families — the Okenyi Abu-Atika and Shagari-Ebijegor, resulting in communal crisis.

But the police said they had arrested nine suspects and they were trailing other suspects.

“What the police are calling for now is for peace to be allowed to reign in Itamah community.

“The destruction done in that community is very unfortunate and uncalled for.

“We want a situation where the aggrieved families should come to round table for dialogue toward finding a lasting solution.

A situation where the community members are involved in an eye for an eye, the whole community will be blind and there won’t be peace there at all,” he said.

Onuoha denied the allegation that the command did not respond to petitions brought before it on arson and hostilities that left some houses and other property razed destroyed.

Mr Akoh Jonah, spokesman of the Okenyi Abu-Atika, claimed that more than 40 houses were burnt during the crisis, alleging that the police arrested 11 members of his family

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Police arrest two suspects with AK-47 rifle in Bauchi

The Bauchi State Police Command has arrested two suspects with a fabricated AK-47 rifle and ammunition in the Tafawa Balewa Local Government Area of the state.

Spokesperson of the command, SP Ahmed Mohammed Wakil, disclosed this in a statement on Thursday, September 12, 2024. He said the suspects were nabbed by operatives of the Anti-Kidnapping Unit while trying to sell the rifle for N580,000.

“The Bauchi State Police Command is unwavering in its efforts to combat the proliferation of small and light arms within the state. In furtherance of this commitment, the Taskforce operatives, led by the Anti-Kidnapping Unit attached to the Command, have successfully apprehended two suspects in possession of a fabricated AK47 rifle and ammunition at Boto Market in Tafawa Balewa Local Government Area of Bauchi state,” the statement read.

“Preliminary investigations indicate that the suspects, who travelled from Plateau State to Boto market, negotiated the sale of the rifle for N580,000.

“The apprehended suspects are: Abdulgafar Mohammed, male, 18 years old, from Barkin Ladi, Plateau State and Yusuf Isa, male, 25 years old, from the same address.

“A discreet investigation is ongoing, after which the suspect will be charged to court upon completion of the investigation.

Under the stewardship of the Commissioner of Police, CP Auwal Musa Mohammad, psc, Anipr, the Command has escalated efforts to locate and apprehend the manufacturers of such weapons, irrespective of their location. Ultimately, the Command aims to assure the public of its dedication to eliminating illegal firearms in the state and urges the citizens to understand that.

“Mankind must put an end to organised crime, or organized crime will put an end to mankind”, and on the “ keyboard of life, let us as citizens always keep a finger on the escape key to survive.”

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