Article: Nigeria’s Mono raises millions to power the internet economy in Africa

Money, Open Governance

Nigeria’s Mono raises millions to power the internet economy in Africa

In February, Nigerian fintech startup Mono announced its acceptance into Y Combinator and, at the time, it wanted to build the Plaid for Africa. Three months later, the startup has a different mission: to power the internet economy in Africa. It has closed $2 million in seed investment toward that goal.

The investment comes nine months after the company raised $500,000 in pre-seed last September and two months after receiving $125,000 from YC. Mono’s total investment moves up to $2.625 million, and investors in this new round include Entrée Capital (one of the investors in Kuda’s seed round), Kuda co-founder and CEO Babs Ogundeyi; Gbenga Oyebode, partner at TCVP; and Eric Idiahi, co-founder and partner at Verod Capital.

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Article: At ₹3.85, CERC Approves 7% Hike in APPC for Open Access Solar in 2020-21

Access, Energy, Open Provisioning

At ₹3.85, CERC Approves 7% Hike in APPC for Open Access Solar in 2020-21

In its order notified last week, the Central Electricity Regulatory Commission (CERC) has set the national Average Power Purchase Cost (APPC) for open access at ₹3.85/kWh. This implies that for wind or solar generators that are regional entities and selling power under open access, which is not accounted for RPO compliance of obligated entities, and for captive power plants where PPAs do not exist, settlement shall be done at APPC determined at the national level. It is part of CERC’s remit to determine the APPC for settlement of charges at national level.

The APPC would be applicable during the financial year (FY) 2021-22 or until further orders for deviation settlement regarding open access and captive wind and solar generators fulfilling regional entities’ requirements.

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Article: Skymet opens up a trove of satellite data to all

Access, Geospatial, Open Data, Open Decision-Support

Skymet opens up a trove of satellite data to all

Fertile opportunity for agri-tech entrepreneurs and businesses

Skymet is opening up a goldmine of information for students, researchers, farmers, entrepreneurs and businesses. The private weather forecaster is giving everyone free access to its 10-year geospatial proprietary farm-level data repository through a digital platform ‘SkAlgeo’.

“The idea is to throw it open to the public and see what all use cases can be developed. We have tried to expose the data so that people who don’t have that compute power or resources, can develop software on top of it,” said Vivek Singh, Deputy CEO and CTO of Skymet.

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