Development

The 3 winners of AfricaTech 2022 named

PARIS, France, 22 June 2022 -/African Media Agency (AMA)/- As part of its international outreach, and for the first time this year, VivaTech organised the AfricaTech Awards, in collaboration with the International Finance Corporation (IFC), a member of the World Bank Group. This pan-African initiative aimed at recognising and supporting the most innovative startups on the continent rewarded three high-potential …

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Ghana’s economy showing signs of rebound, but two challenges remain — report

A new report reveals signs of rebound in Ghana’s economy, but shows that COVID-19 and the Ukraine-Russia crisis will test its resilience and inclusivity. The report, Transforming Ghana, reviews the country’s development over the past ten years (2012–2021) and evaluates the African Development Bank’s contribution through its High 5 strategic priorities——— Ghana has enjoyed two decades of steady growth, but …

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Can technology be the driving force behind Africa’s development?

By Dumisani Moyo, Marketing Director, SAP Africa JOHANNESBURG South Africa, 27th May 2022 -/African Media Agency(AMA)/- The month of May is significant for the African continent because it is during this month that we celebrate Africa Day. Africa Day commemorates the formation of the African Union on May 25, 1963. It is a day when Africans celebrate the continent’s independence, …

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45 start-ups in Africa to compete for 2022 AfricaTech Awards

Viva Technology, IFC announce 45 emerging start-ups with biggest impact potential in Africa to compete for the 2022 AfricaTech Awards — Viva Technology and the International Finance Corporation (IFC) have announced the top 45 start-ups that have been long-listed for the first edition of the AfricaTech Awards. This pan-African initiative, supported by Proparco, aims to recognize and support emerging start-ups …

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$15 million fund for African women entrepreneurs launched

The Women Entrepreneurs Finance Initiative (We-Fi) has announced a new round of funding under which the African Development Bank’s Africa Digital Financial Inclusion Facility (ADFI) will receive $15 million to develop and extend digital financial solutions to women-owned small and medium businesses in Cameroon, Egypt, Kenya, Mozambique and Nigeria. This fourth round of financing of $54.8 million will benefit almost …

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AfDB chief garners strong global support for Africa

ABIDJAN, Ivory Coast, April 25, 2022/ — The President of the African Development Bank Group (AfDB), Dr Akinwumi Adesina, concluded a three-day official visit to Washington DC on Saturday. Alongside the Spring Meetings of the International Monetary Fund and World Bank, the visit included several bilateral engagements with stakeholders on African development. Adesina garnered broad strong support for a robust …

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Here’s How African Leaders are Creating a More Inclusive and Sustainable World

The World Economic Forum today unveils the world’s most promising 109 Young Global Leaders under the age of 40, involved in activities from advocating for the rights of refugees to the advancement of innovation to combat COVID-19Among the 42 countries represented, 12 leaders hail from Africa and their work brings the promise of a brighter outlook at a difficult timeThey …

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Germany, Orange open digital training centre in Madagascar

Orange and the German Development Cooperation inaugurate in Madagascar the 9th Orange Digital Center in Africa and the Middle East, to train young people in digital technology and enhance their employability. The goal is to fulfil their shared vision, fostering youth employability while supporting sustainable growth and the country’s digital transformation —— Orange, one of the world’s leading telecommunications operators, …

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Nigeria: NDDC’s achievements and challenges facing it under new leadership – Barrister Ekene Onwuka

Prince Anthony Ekene Onwuka, a Germany-based lawyer and project management consultant, is the Special Assistant, Project Monitoring and Special Duties, Presidential Monitoring Committee on the Niger Delta Development Commission (NDDC). The Commission, established in 2001, is saddled with the responsibility of redressing the historical neglect to which the oil and gas-rich region had been subjected by successive governments since independence. …

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Bayelsa Govt Partners AfricanTide Union on Skills Development

The Bayelsa State Government has said that it would partner with the AfricanTide Union, an international social development organisation, to train over 200 Bayelsans in various skills. The Commissioner for Labour, Employment and Productivity, Hon. Stanley Braboke, stated this on Monday during a meeting with the management of AfricanTide Union in Yenagoa. He expressed delight that the AfricanTide Technical Training …

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What Africa needs to do to make AfCFTA succeed

It is projected that under the African Continental Free Trade Area, extreme poverty will significantly decline across the continent, writes Zion Adeoye, Managing Director for Centurion Law Group’s AfCFTA Desk, and he lists what Africa has to do to realise the potential of the trade agreement — Established in 2018, the African Continental Free Trade Area (AfCFTA) represents perhaps Africa’s …

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Applications open for African tech startup support grant

African tech startups raised a record-breaking $4.42 billion in funding in 2021, with the investment in African innovation almost doubling since 2020. With this increase in funding, comes an increased demand for hands-on support and access to markets from startups in Africa. Therefore, the Telecel African Startup Initiative Program (ASIP) powered by Startupbootcamp (SBC) AfriTech, has opened applications for its …

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Opinion: Mauritius’ efforts to become plastic free through private-public collaboration

Mauritius is set to become a plastic free island that will help protect the nation’s wildlife and place the country on the path to a green economy. Early this year single use plastics were banned in and over the next three years the Mauritian government will be putting in place further regulations and restrictions to rid the island of plastics. …

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Ford Foundation, Open Society launch Fund against Sexual Violence in West Africa

With $3.75 million in seed funding, Kasa! hopes to raise $10 million in total to support sexual violence survivors and feminist and women’s rights organisations over the next five years LAGOS, Nigeria, December 3, 2021 -/African Media Agency(AMA)/- Today, the Ford Foundation and Open Society Initiative for West Africa, announced their commitment of $3.75 million to launch Kasa! Ending Sexual …

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Africa must bring down the institution of mediocrity – PLO Lumumba at 2021 G-PAD Forum

Prof Patrick Loch Otieno Lumumba, renowned Kenyan intellectual and founder of the PLO Lumumba Foundation, has opined that despite the paucity of public funds to finance development in most African countries, the situation was not dire as they’re generally believed to be. Speaking on the second day of the 2021 G-PAD Forum, the professor of law was of the conviction …

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