AfDB woos Japanese investors to explore Africa

AfDB approves $7m

The African Development Bank (AfDB) says it is ready to support investments from Japan to initiate inclusive and sustainable development in Africa. Samuel Higenyi Mugoya, AfDB’s Director, Syndications, Co-financing and Client Solutions said this during a webinar for Japanese private sector, in a statement released on its website on Wednesday. The meeting was aimed at providing information to the Japanese private sector on doing business in Africa. “Africa’s challenge today is to attract more private investors who can join forces with local partners in order to create added value and…

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Regional Integration as a Tool for Wealth Creation in Africa

Africa

By Khaled Sherif The COVID-19 pandemic and its health and economic impacts has forced a global rethink of the current multilateral framework and what it means for the future. For Africa, COVID-19 has served as a wake-up call in many ways. The mitigation measures that were put in place by most countries, globally, to contain the spread of the pandemic, and particularly border closures and lockdowns, resulted in reduced economic activity and supply chain disruptions across the whole world, Africa included. Reduced economic activity has meant demand contraction in Africa’s…

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Facebook targets 20,000 Africans for digital literacy

Facebook targets 20,000 Africans for digital literacy

Social media platform, Facebook, has unveiled “My Digital World”, a programme designed to equip the youth and general public across sub-Saharan Africa (SSA) with digital skills needed to navigate the digital world. Facebook explained that My Digital World is a consolidation of all the platform’s digital literacy programs including Safe Online with Facebook, Ilizwe Lam, and eZibo, and will be offered virtually this year to adapt to the COVID-19 pandemic. The Mark Zuckerberg-led company has over the years trained thousands of people on digital literacy skills and is preparing in…

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ATU, Ericsson sign MoU to accelerate ICT growth in Africa

ATU, Ericsson, MoU, ICT Development, Africa

Ericsson and African Telecommunication have just inked a new pact to collaborate on acceleration of information and communication technology in Africa. The partnership will promote regional coordination and harmonisation of spectrum usage to decrease cost of technology by increasing economies of scale and maximising affordability in Africa The African Telecommunications Union (ATU) has signed a Memorandum of Understanding (MoU) with Ericsson to help fast track the roll out of technology across the continent. According to ATU, a specialised agency of the African Union in fostering the growth of ICT in…

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Kenya’s Raise launches end-to-end fundraising platform for African startups

Raise, Startups, Africa,

Kenyan company, Raise, has launched an end-to-end fundraising platform that allows founders and investors to open a private virtual deal room, run fundraising simulations, and issue compliant electronic share and convertible certificates. Founded in 2018 by Marvin Coleby and Eugene Mutai, Raise launched its alpha in 2019 at the Africa Tech Summit in Kigali and silently launched its private beta to a waitlist of companies in January of this year. Now public, the beta programme provides startups with fundraising solutions via a digital platform, designed to simplify the fundraising process…

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