Technology

Africa’s Youth Poised to Drive Innovation

Africa’s Youth Poised to Drive Innovation

Technology
Technological innovation is becoming a major economic and social development accelerator on the African continent. The world’s population is set to increase from the 7.6 billion people we currently have. According to the UN, the world population will increase by another four billion people by 2100. What is the main reason for this? It’s not because more children will be born, It’s because there will be more adults. The youth of the world are set to mature. How these young people will be distributed around the world is even more interesting. Africa’s demographics are unique from the rest of the world in the sense that we are continent of young people. It is predicted that within a period of three generations, 41 per cent of the world’s youth will be Africans. It is also expected t
AfriLabs extends reach to 6 new countries

AfriLabs extends reach to 6 new countries

Technology
AfriLabs has announced the admission of 40 new hubs; its largest hub admission to date into its network making it a total of 100 hubs across 30 African countries. This also extends the company’s reach to 6 new countries; Morocco, Algeria, Somali Land, Cote D’Ivoire, Angola and Mali. The new members of the AfriLabs network across the 5 regions are: Central Africa Altoufikh International Chad, NexGen Technology Center Cameroon, Kivu Hub Congo-Kinshasa. West Africa iCODE Ghana, Founders Hub Nigeria, Innovation Growth Hub Nigeria, Passion Incubator Nigeria, Civic Foundation for Innovation Nigeria, Honode Hub Ghana, Aiivon Innovation Hub Nigeria, Uplift Hub Nigeria, Roothub Accelerator Systems Nigeria, Tentmaker Ghana, CoLab Nigeria, Tribe Nigeria, Digital Development Hub Nigeria
World Bank Encourages Women Entrepreneurs to Apply for the SDG’s and HER Competition

World Bank Encourages Women Entrepreneurs to Apply for the SDG’s and HER Competition

Technology, Women
SDGs&Her is an online competition for women entrepreneurs to showcase how they are carrying out business operations in support of supporting the Sustainable Development Goals (SDGs) through their business operations. The objectives of the initiative are to: – Recognize women implementing the Sustainable Development Goals, including women business owners of microenterprises; – Increase knowledge about the Sustainable development goals and their potential impacts on women among non-traditional audiences; and – Collaborate with private sector partners on all SDGs, but SDG5 in particular; to share best practices and innovative ideas. The competition is open to women who own and/or lead microenterprises (1-9 employees; under USD $10,000 loan eligibility OR annual sales under $100,
Fintech may have a more profound impact on financial services in Africa

Fintech may have a more profound impact on financial services in Africa

Technology
Fintech may have a more profound impact on financial services in Africa than in Europe or the US. This is according to the more than international fintech pioneers who gathered at the Radisson Blu Gautrain, Johannesburg for the Finnovation South Africa 2018 summit. The fintech pioneers who included African digital pioneers, investors, policymakers, entrepreneurs and leading bankers also explored how the major banks and financial institutions in South Africa and across the continent are addressing the digital transformation of financial services; and how their own digital innovations are being shaped and accelerated as a result of the gathering momentum of Fintech disruptors. The impact of Blockchain, Digital Wallets, Cryptocurrency, ICOs, Open Banking, Mobile Money and Payments i
First Bank partners WorldRemit for digital money transfers to Nigeria

First Bank partners WorldRemit for digital money transfers to Nigeria

Business, Technology
Digital money transfer service WorldRemit has joined forces with First Bank of Nigeria Limited (First Bank) for instant money transfers to all First Bank accounts in Nigeria. The new strategic partnership considerably expands WorldRemit’s footprint in the country and allows its customers in over 50 countries to send money to First Bank accounts directly from their phones. The deal supports WorldRemit’s plan to serve 10 million customers connected to emerging markets by 2020. First Bank is collaborating with WorldRemit in a bid to drive convenience and ease of banking for its customers as well as provide the much-needed push for financial inclusion initiatives. With a diaspora of over 15 million people living in countries such as the United States, the United Kingdom and German