The World Bank Group has committed to supporting the growth of Africa’s digital economy with the launch of XL Africa, a business acceleration initiative that will provide a raft of benefits for the 20 most promising startups in sub-Saharan Africa over the next five months. African digital entrepreneurs will have an opportunity to be mentored by various global specialists, increase their visibility on the continent and receive access to corporate partners and investors.
Education: Latest News
Staff, 1:01 am
Halima Aliko Dangote, daughter of Nigerian cement magnate Aliko Dangote, is trying to raise money in Africa to open an African art and policy institute in New York. She hoped to raise up to $5 million at a recent fundraiser in Nigeria, and said she planned similar events in Morocco and Kenya. The building that houses the Africa Center was completed several years ago but the center itself hasn’t opened yet for lack of funds.
Dana Sanchez, 4:58 pm AFKI Original
African exploration took a hit the last two years. Eni’s success shows it’s not over. Eni is Africa’s leading gas producer. With an oil sector less than 10 years old, Ghanaian companies have limited experience providing tech services to offshore operators. GE says it plans to provide training and support for the local oil and gas supply chain, and SMEs. GE’s new Ghana facility is already supporting Eni. Eni’s exploration success rate is the envy of its peers. Most of Eni’s oil finds were discovered in the last decade, mainly in Nigeria, the Congo, Ghana and Angola.
Ann Brown, 1:04 pm AFKI Original
When a coup in Madagascar sent her father into bankruptcy, 24-year-old Hanta Tiana Ranaivo Rajaonarisoa was forced to abandon her business administration studies in the U.S. She took over the family’s unused essential oil-making machine, and now supplies insect repellants to 40 pharmacies in Madagascar. Malaria is one of the country’s top 5 causes of death. Rajaonarisoa says she’s helping protect Madagascar’s amazing biodiversity — up to 90 percent of the country’s plant species are endemic — by using green waste recovery in her products.
Peter Pedroncelli, 11:22 am AFKI Original
The idea of funding a venture by raising money through many small contributions on the internet strikes a chord among Africans. It’s ubuntu at its finest. When Media 24 closed Ideas magazine in South Africa in 2016, former editor Terena le Roux took it upon herself to resurrect the publication. Thanks to support on social media, she launched a crowdfunding campaign via Thundafund. The money continues to come in, and she was able to relaunch the magazine.
Dana Sanchez, 11:34 pm
Angola has pushed Egypt out of second place in Africa for number of hotel rooms under construction. Angolan tourism is thriving internally, but the former Portuguese colony isn’t attracting many international tourists. Education is one way African professionals can add value to hospitality and tourism, and carve out a niche that reflects national character, tradition, and culture. Angola’s College of Hospitality Management train locals as game reserve and safari lodge managers. This is how Africa’s hospitality sector should mature. Private equity investors should take notice.
Tom Jackson, 11:20 am AFKI Original
President Paul Biya promised to increase technology jobs by investing in infrastructure, but Cameroon had been slow in its digital transformation. Stakeholders believe investors will be reluctant to back local companies there as a result of the internet shutdown. The government shutdown is expected to damage the many startups that were getting themselves investment ready in the country. By restricting internet access, “the government is sending the wrong messages to investors … they are undermining the future of its people.”
Staff, 1:01 am
Visas are routinely denied by U.S. embassies without explanation. With the heightened attention on foreign travelers coming to the U.S., there have been stories of more visas being denied to people from countries not named in the Trump administration’s travel ban executive order. If there has been an increase in the number of visas rejected under the new administration, it’s hard to verify. The State Department data made available to the public ended in late 2016.
Ann Brown, 12:48 pm AFKI Original
There is no Silicon Valley in Cape Verde. The government sells a lot of tech services that independent companies could be providing, acting as both regulator and provider. This limits the private market, says Pedro Fernandes Lopes, a local who is bringing the first TEDx talk event to the island nation. It took a local Cape Verdean tech startup months just to register an app because Google didn’t recognize Cape Verde, Lopes told AFKInsider. “We need to raise the global visibility of Cape Verde and its tech innovators. And I think TEDx Praia will play a part in that.”
Dana Sanchez, 6:25 pm
Google launched an online learning portal a year ago offering digital skills courses free to anyone in Africa, designed to use up as little data as possible. Many people who took the courses had limited internet access and high data costs. The US tech giant is now turning its attention to web-focused skills training for small businesses across Africa. In addition to skills and workforce training, Google is laying fiber optic cable, easing access to Android phones as it expands on the continent. Google was valued at $109.5 billion in 2016.
Dana Sanchez, 10:15 am
Many migrants who make it to Italy don’t tell friends and family about the hardship. A campaign that exposes the realities is now targeting potential African migrants on social media in 15 West and Central African countries — where most arrivals in Italy originate. Posts on Facebook, Twitter, YouTube and Instagram give testimonials created by migrants in multiple languages. All end with the warning, “Be aware, brother” and “Be aware, sister.” A record 181,000 migrants crossed the Mediterranean in 2016 on flimsy boats operated by smugglers. Of those, 25,000 were mostly unaccompanied children. Arrivals in Italy are up 66% so far in 2017.
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