ARM Labs Celebrates Rana Selection for Google for Startups Accelerator Africa

Google for Startups

The African tech ecosystem is a hub of innovation, driven by startups tackling local and global challenges with tenacity and creativity. This vibrant energy, marked by a new wave of tech-savvy entrepreneurs, drives economic growth and envisions a brighter future for the continent.

At ARM Labs, we are immensely proud of our cohort members who continue to embody this spirit of innovation. Today, we are excited to announce that Rana Energy, a standout from the Techstars accelerator program, has been selected to join the prestigious Google for Startups Accelerator Africa: Class 8.

Rana Energy is revolutionizing the clean energy sector by providing reliable energy solutions to SMEs and communities through a data-driven ecosystem. Their innovative approach is not only transforming how businesses access energy but also contributing to sustainable economic growth across the continent.

Since 2018, the Google for Startups Accelerator Africa program has been a committed ally to dynamic startups like Rana Energy. The program has played a vital role in supporting startups as they harness the power of technology to address some of Africa’s most pressing challenges.

Google for Startups

From July 29th to September 20th, 2024, Rana Energy, along with nine other exceptional startups from Kenya, Nigeria, Rwanda, and South Africa, will embark on a journey of accelerated growth. The program offers:

  • Mentorship: Direct access to the expertise of Google mentors and seasoned entrepreneurs who have navigated the startup path.
  • Technical Workshops: Opportunities to refine products, hone business strategies, and strengthen leadership skills.
  • Funding Access: Preparation for securing follow-on funding from Google’s global network of investors.

As Rana Energy takes this next step, we are reminded of the importance of nurturing and supporting innovative startups. At ARM Labs, our commitment to fostering groundbreaking solutions remains stronger than ever. We believe that by empowering startups like Rana Energy, we are investing in a future where innovation thrives and technology uplifts communities across Africa.

Sexual Assault Allegation

Lagos, July 31, 2024 – ARM Pension Managers (PFA) Ltd is aware of a serious allegation of assault involving our employees. We are deeply disturbed by this news and are committed to addressing the situation with the utmost seriousness and sensitivity.

First and foremost, our thoughts are with our colleague who has come forward. We want to express our deepest concern and support for her during this tough time. Sexual assault is a grave matter that has no place in our organization and society at large, and we stand firmly against all forms of harassment or violence.

This incident reportedly took place outside the office premises on the night of July 18, 2024, after an office team bonding event and involved two of our colleagues. We have initiated a thorough and independent investigation into the allegation, and we are fully cooperating with the law enforcement authorities to ensure that the investigation is comprehensive and impartial. The accused employee, an Executive in the Company, has been placed on administrative leave pending the investigation’s outcome. Additionally, we are offering support services to the complainant who has come forward, including counselling and any other resources she may need during this time.

We are committed to fostering a safe and respectful workplace for all employees with zero tolerance for sexual harassment or assault and will continuously strive to maintain a culture of integrity and respect.

We understand the gravity of this situation and the impact it has on all involved. Hence, we will handle this situation with the highest level of integrity and transparency.