Saturday, January 20

Int. News

Shithole Countries” By Trump : Africa Leaders Responds

Shithole Countries” By Trump : Africa Leaders Responds

Editorial, Whats Hot, World
In bluntly vulgar language, US President Donald Trump has questioned why the US accepts more immigrants from “ shithole countries ” in Africa rather than places like Norway, as he rejected a bipartisan immigration deal, according to people briefed on the extraordinary Oval Office conversation. Trump’s comments came as two senators presented details of a bipartisan compromise that would extend protections against deportation for hundreds of thousands of young immigrants — and also strengthen border protections, as Trump has insisted. According to the Washington Post, Trump specifically said; Why are we having all these people from shithole countries come here? The Los Angeles Times similarly quoted Trump as saying: What do we want Haitians here for? Why do we want all these peo
Masiyiwa-First Billionaire In Zimbabwe Worth $1.7billion

Masiyiwa-First Billionaire In Zimbabwe Worth $1.7billion

Africa, Editorial, Int. News
ZIMBABWEAN telecoms, media and financial services tycoon, Strive Masiyiwa, is now worth US$1.7 billion and ranked 14th on Forbes' list of African billionaires. According to the US-based business magazine, Masiyiwa becomes Zimbabwe's first billionaire and the country's only representative on its list of Africa's super rich. Masiyiwa, a globally respected business leader and philanthropist, is executive chairman of the Econet Group which was founded in 1993 with the launch of mobile phone company Econet Wireless Zimbabwe after a five-year legal battle against the Harare government. His telecoms venture has since expanded internationally with operations now spanning Africa as well as in Europe, South America, North America and the East Asia Pacific Rim. Listed on the local stock market,...
UNCTAD Secretary General Mukhisa Kituyi Pushes for Investments in Off Grid Technology to Boost Electrification in Least Developed Countries

UNCTAD Secretary General Mukhisa Kituyi Pushes for Investments in Off Grid Technology to Boost Electrification in Least Developed Countries

Africa, Int. News
The United Nations Conference on Trade And Development  (UNCTAD) has made a renewed call for investment in renewable energy, this time targeting the world’s least developed countries (LDCs). Forty seven countries, most of which are in Africa, are currently designated by the United Nations as LDCs. They include Afghanistan, Angola, Bangladesh, Benin, Bhutan, Burkina Faso, Burundi, Cambodia, the Central African Republic, Chad, the Comoros, the Democratic Republic of the Congo, Djibouti, Eritrea, Ethiopia, the Gambia, Guinea, Guinea-Bissau, Haiti, Kiribati, the Lao People’s Democratic Republic, Lesotho, Liberia, Madagascar, Malawi, Mali, Mauritania, Mozambique, Myanmar, Nepal, the Niger, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, Solomon Islands, Somalia, South Sudan, the
Female-focused angel investment fund launched in Africa

Female-focused angel investment fund launched in Africa

Int. News, Whats Hot
Rising Tide Africa, a female-focused angel investment fund, has launched, aimed at allowing female investors to back innovative startups run by women across the continent. The angel investment fund was announced at last week’s African Angel Investor Summit in Cape Town, and follows successful programmes in Europe and the United States (US) that have involved hundreds of women. Rising Tide Africa is an early-stage investment programme that will invest in between six and 10 innovative and fast-growing African startups over a 12-18 month period. The lead investors will be women, with each participant committing between US$10,000 and US$1 million. It will also offer angel investing training, best practice sharing, and networking opportunities. Investments of between US$50,000 and US$5
Google opens applications to Launchpad Accelerator in Africa

Google opens applications to Launchpad Accelerator in Africa

Africa, Int. News
Google has opened applications to its Launchpad Accelerator to startups from a host of African countries, aimed at boosting business growth through mentorship and funding. Disrupt Africa reported in February Google was bringing the Launchpad Accelerator to Africa, aimed at assisting startups in leveraging Google’s latest technologies to scale their businesses through mentoring. It was subsequently expanded, with startups from Kenya, Nigeria, South Africa, Algeria, Egypt, Ghana, Morocco, Tanzania, Tunisia, and Uganda now covered. The initiative will operate from a new Google Launchpad Space in Lagos – the first onsite location for the programme outside the United States (US) – and provide African startups with over US$3 million in equity-free support, working space, and access
Nigeria is Open for Business – Afrinvest

Nigeria is Open for Business – Afrinvest

Africa, Int. News
Investors have been advised to take advantage of Nigeria’s ease of doing business drive and renewed business confidence as the country continues to recover from a prolonged period of economic recession. The Chief Executive Officer, Afrinvest West Limited, Mr. Ike Chioke, made this call at a media briefing in Lagos over the weekend, ahead of the launch of the investment bank’s Banking Sector Report titled: “Nigeria Re-opens for Business,” scheduled to hold in London this Friday. Mr Chioke noted that compared to the economic despondency of 2016 which saw the economy slip into a recession, business and investment confidence in Nigeria started to garner steam in the first quarter of 2017, as hope brightened that the business cycle had reached a trough and the economy was set to fully rev
IFC Partners AFC to Open Up Investment Opportunities for Africa

IFC Partners AFC to Open Up Investment Opportunities for Africa

Editorial, Opportunities, World
The Africa Finance Corporation (AFC), a pan-African multilateral development and lending institution, has signed a high profile agreement with the International Finance Corporation (IFC) that will expose the continent to lucrative investment opportunities. The AFC has this month become the 30th member of the Master Cooperation Agreement (MCA) at the World Bank’s Annual Meetings in Washington DC. Created by the International Finance Corporation’s in 2009, the MCA seeks to enhance cooperation among member development finance institutions (DFIs). Other MCA signatories include the United Kingdom’s financial institution, CDC Group; the Netherland’s private development bank, FMO and Sweden’s Swedfund. In addition to increased collaboration with other MCA signatories, AFC stands to b
Access to internet will drive Africa’s media and entertainment industry revenue growth – PwC

Access to internet will drive Africa’s media and entertainment industry revenue growth – PwC

Int. News, Whats Hot
Significant shifts are underway in how Africa’s entertainment and media companies compete and generate value, as the quality of the experience they deliver to consumers becomes their primary basis for strategic differentiation and revenue growth, a new survey reveals. This has forced companies to embrace strategies and build their capabilities to engage with consumers for them to thrive in the increasingly competitive and crowded marketplace, according to the ‘Entertainment and media outlook: 2017 – 2021: An African perspective’ report released by PricewaterhouseCoopers (PwC) on Thursday. The survey projects total entertainment and media revenue in South Africa to reach R177.9 billion by 2021, up from R132.7 billion in 2016. “Internet access remains the key growth driver and will
South African Startup ‘Mgolodela Wants to Challenge Twitter, Facebook’s Dominance

South African Startup ‘Mgolodela Wants to Challenge Twitter, Facebook’s Dominance

Africa, Editorial, Int. News
Queesnstown entrepreneur mgolodela launches anonymous social network emphasising that it is okay to be different and unorthodox. “Presently, people are under so much pressure to look, feel and think a certain way to impress their friends and their followers. As a result, people end up unconsciously communicating lies,” Mgolodela, the founder of Unorthodox, told Techfinancials in an interview over the phone. “Unorthodox is the alternative to existing platforms in that all that pressure is taken away”. Queenstown born entrepreneur Siviwe Mgolodela (Photo Credit” Siviwe) Mgolodela promises “freedoms” that he said were not available on social media platforms. Rather than worrying about what other people will think, Unorthodox wants its users to express themselves and talk about topi
Significance Of Google’s Investment In Africa’s Tech Ind.

Significance Of Google’s Investment In Africa’s Tech Ind.

Int. News, News
The International Monetary Fund (IMF) estimates that by 2035, Africa’s working age population (15-69) will exceed the rest of the world’s, reaching an estimated 1 billion. With an annual job creation rate of only 3 to 4 million, there is a crucial need to generate more opportunities. To maximise the economic dividends of its rising working-age demographic, Africa needs to shift from a mostly informal jobs sector to a service-based economy centred around technological innovation. This is why Google’s plan to empower Africa is important. On Thursday, July 27, 2017, Google held a “Google for Nigeria” summit in Lagos to outline its plans to create technology-based opportunities and foster Africa’s and especially, Nigeria’s growing startup culture. The company announced a broad digital s