Africa and waxing stronger 💪🏾
Hello Venturer,
“Every challenge you face today makes you stronger tomorrow.” - Roy T Bennett
This is how we feel about the current difficulty with accessing our website at certain times. Rest assured, we are working tirelessly to get back to providing you with great and accessible content 24/7.
Wow, it's been two weeks. We missed you last week, as much as you missed us.
However, did you know that it is predicted that entrepreneurs will drive the digital economy of Africa in the nearest future?
According to the African Development Bank, 22% of Africa’s working-age population are starting businesses, making up for the highest entrepreneurship rate in the world. Although this figure can be tracked down to the high rate of unemployment on the continent, the impressive ways the people have adapted and turned the challenges into opportunities need to be acknowledged.
The continent is not without challenges, but like the rest of the world, innovators are standing up to the challenge. There is an Ivorian who is helping farmers generate an income from bio-waste, while there is an African continental free trade area to foster cross-border ties and promote economic integration on the continent.
While we talk about the many developments alongside the challenges in Africa, join us as we explore the future of Africa through digital skills and more.
Sheriff Oshin
Social Media Manager
What's New!
Meet Noel N’Guessan, the innovator helping farmers monetize bio-waste in Cote d'Ivoire
Noel N’guessan, the recent winner of the Africa Prize for Engineering Innovation, believes that waste can be used for good, which inspired him to develop Kubeko, a set of low-cost biowaste processing equipment. Kubeko, according to him, would assist Ivorians in generating income and providing organic fertilizers for farming. Read more about Noel’s innovation, product prospects, and winning the APEI.
Past investor experience may not bode well for Djibouti’s privatization drive
Earlier this month, the government of Djibouti announced it would sell off a “significant minority” of shares in its national telecoms company, Djibouti Telecom, to a “strategic partner” as part of an effort to open up its telecoms sector to foreign investors and reshape its economy. Here is why past investor experience may not bode well for the country’s privatization drive.
The 10 key provisions of the Petroleum Industry Bill
The petroleum or oil and gas industry has been Nigeria’s primary revenue generator for years and has received the most attention. This attention is accompanied by multiple challenges, challenges that have critically affected the country’s oil sector over time, prompting the need for effective solutions. A potential solution has been presented in form of the long-awaited Petroleum Industry Bill (PIB). Here are the 10 key provisions of the bill.
6 most in-demand digital skills in Nigeria
Technology is currently steering the compass of global development. The digital economy directly impacts every sector of the economy. And as a result of this influence in today’s world, Nigeria’s teeming young population is investing in diverse digital skills. Read more about the 6 most in-demand digital skills in Nigeria.
The African continental free trade area: The way to free trade?
Over the last decade, as nationalism has grown, there has been a significant decline in multilateral cooperation. Africa, on the other hand, appears to be defying the isolationist trend. While the rest of the world is moving in one direction, Africa is moving in the opposite direction, strengthening cross-border ties and promoting economic integration. The continent’s most recent move to strengthen multilateralism can be seen with the launch of the African Continental Free Trade Area (AfCFTA) on 1 January 2021. Read more.
Oando share price increases after settlement with the SEC
Months of court cases and counter-judgments later, the investment community was greeted on the evening of Monday, July 19, with news of an amicable settlement to the long-running dispute between the Securities and Exchange Commission (SEC) and the management of Oando PLC. Unsurprisingly, Oando has since become one of the top gainers on the Nigerian Stock Exchange (NSE), with its share price rising 9.87 per cent from N3.97 on to N4.36. Keep reading.
Nigerian content creators will benefit from the recently launched Youtube Shorts in the country
Last week, YouTube, the popular video-sharing and social media platform launched a beta version of a short-form video experience called “YouTube shorts” in Nigeria. Shorts is a new short-form video experience for creators and artists who want to shoot short, catchy, 60 seconds videos using their mobile phones. How will Nigerian creators benefit from this new feature? Keep reading.
Forest capital, a Farmforte subsidiary, acquires Kayvee Microfinance Bank
Forest Capital, the investment subsidiary of Farmforte Limited, has acquired Kayvee Microfinance Bank as part of its strategic imperative to create greater synergy between socio-economic empowerment, agriculture, and the finance sector. Keep reading.
What you need to know about CBN’s digital currency
The Central Bank of Nigeria (CBN) announced in June that it will launch its digital currency by the end of 2021. To reaffirm this development, Rakiya Mohammed, CBN director of information technology, stated in a private webinar that the apex bank would launch its digital currency pilot scheme on October 1, 2021. Here is what you need to know.
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