Saturday, November 23African Digital Business Magazine

Tag: funding

Energy, Green Energy, Kenya News, Startups, Tanzania News

Solar Cow- a Samaritan for the Children in Need

The relief of indigence is the primary goal in bringing about a positive change in the lifestyles of children in Africa. To this day, 1 in every 5 children in Africa is devoid of the right to education owing to child labor. Since electricity is a dire need of people even in the utmost rural areas, many low-income families rely on kerosene lighting and exorbitantly expensive charging stations (taking up to 15% of their monthly income) to meet their energy needs, forcing children to toil hard to contribute to their income. That’s why YOLK invented ‘The Solar Cow’ – one of Time Magazine’s 100 Best Inventions of 2019. It’s a solar charging system installed in schools in the backward regions of Africa, allowing children to charge portable batteries called ‘Solar Milk’ while they attend class an...
Angola News, Benin News, Kenya News, Main, Nigeria News, Republic of Côte d'Ivoire (Ivory Coast), Rwanda News, South Africa News, Startups, Uganda News, Zambia News

Demand for African Talent is Increasing

Strategies to share talent between Africa and France By Kiné Seck Mercier A young woman spends her youth in Nigeria, leaving to attend a university in London. She goes on to work in the United States, Ghana, South America, Kenya and Zambia, finally settling in Paris. In many ways, she is illustrating an increasingly common trend in younger generations—a desire to work abroad and to contribute to building the African economy. We wanted to examine this trend in more detail: What’s driving this new generation to work in Africa? What is the scale of this trend? What is the impact on other countries as rising leaders are drawn to opportunities in Africa? To answer these questions, we held a series of 10 Africa Leadership Dinners and conducted interviews to uncover what is at the root of this ...
Innovative funding models in EduTech help to eliminate skills shortages
Science, South Africa News, Startups

Innovative funding models in EduTech help to eliminate skills shortages

According to the latest figures released by Stats SA, South Africa’s unemployment rate jumped to a staggering 29% in the last quarter - the worst it’s been since 2008. The unemployment rate for the youth in particular is one of the highest in the world – currently sitting at 56.4%. With all eyes on government to curb the growing unemployment rates, President Ramaphosa has remained steadfast in his call to corporates to absorb more of the youth into the workforce. With the increased focus on how the country will lead the fourth industrial revolution on the continent, most notably in his last State of the Nation Address, Ramaphosa reaffirmed that skills and education was high on the new administration’s list of priorities. The high-tech industry is set to be expanded, by making sure that leg...
Ethiopia News, Main, Mauritius News, Senegal News, South Africa News, Tunisia News, Zimbabwe News

Funding Africa’s Infrastructure Gap

Key to enabling African economies to make the most of their opportunities is developing infrastructure in the region. Across the continent, new laws are being implemented and alternative sources of infrastructure funding are being sought in order to kick-start direly needed infrastructure projects. At the centre of it all is China, which is providing alternative sources financing to countries in Africa that have not been able to access funding in more traditional ways. The benefits are numerous, but African countries are also concerned about their growing dependence on China. Research released in 2018 from Baker McKenzie and IJGlobal (research) with data drawn exclusively from fully financed projects and excluding recent announcements of government funding commitments, shows that the value...