“In many African countries, debt service payments take up more place in the budget than investments in education, health or social security. Not only do they lack the financial leeway to effectively tackle the corona crisis in their countries, but in the worst case, they are even threatened with national bankruptcy”
Read More »Why Kenyan Diaspora Startup Bill 2020 is weak in practice
After Senator Johnston Arthur Sakaja’s recent brush with the law over flouting Covid-19 restrictions, the legislator has got back to doing what legislators do best. Drafting bills. His latest brainchild is the Kenyan Diaspora Startup Bill 2020. The bill has good intent but is weak in practice, argues David Monda. The Kenyan Startup Bill 2020 is an innovative bill that …
Read More »Germany: Group campaigns for more jobs for Blacks in Berlin’s tech industry
Employees of African origin in Berlin’s tech companies have started a group to promote diversity in the sector. Called “Black in Tech Berlin”, the group networks and shares ideas to bring change in the industry, where Black people are underrepresented. It counts six hundred members and was founded by Kave Bulambo, who is originally from the DR Congo but grew …
Read More »Germany: Business magazine for the African community launched
A new magazine, published bimonthly and bilingual in English and German to serve self-employed Africans in Germany, was launched at a colourful ceremony on Saturday in the western German city of Dortmund. The African Merchant (TAM) would support African entrepreneurship by focusing on opportunities and challenges of self-employment in Germany, Dr Rosalyn Dressman, publisher of the new magazine, said at …
Read More »Ghana: Why the Public University Bill Endangers Academic Freedom
The Public University Bill has been the cause for heated debate in Ghana, especially in academic circles. Germany-based journalist and scholar Tina Adomako explains how the new bill could herald the end of freedom of speech and research in government-owned institutions of higher learning in the country. While the global coronavirus pandemic has challenged educational institutions and universities around the …
Read More »Africa loses $89 billion yearly to theft by multinationals – UN report
“Illicit financial flows rob Africa and its people of their prospects, undermining transparency and accountability and eroding trust in African institutions”
Read More »Kenya’s president woos French investors in Paris, signs major contracts
Kenya’s President Uhuru Kenyatta is currently on a visit to Paris to sign major agreements with French companies on water, infrastructure and energy and attend events to further Franco-Kenyan economic and political ties.. President Uhuru Kenyatta kicked off his 5-day official visit to France on Wednesday evening at Elysee Palace where he was received by his host, French President Emmanuel …
Read More »New Launch Date: Magazine for African Entrepreneurs in Germany
The publication of the magazine is a response to the increasing numbers of Africans entering self-employment as a defensive response to difficulties in accessing jobs commensurate with their qualifications and experience. Many are also establishing businesses to respond to market opportunities.
Read More »Facebook to open new office in Lagos, Nigeria
"All across Africa we’re seeing immense talent in the tech ecosystem, and I’m proud that with the upcoming opening of our new office, we’ll be building products for the future of Africa, and the rest of the world, with Africans at the helm. We look forward to contributing further to the African tech ecosystem.”
Read More »Why Senegal’s President Macky Sall is right about African debt relief by NJ Ayuk
NJ Ayuk, founder of one of Africa’s most successful law chambers, supports the Senegalese leader's call on the G20 to help African countries balance their obligations to international creditors with their obligations to their own citizens in the face of the COVID-19 pandemic. He explains why debt relief is crucial to Africa's recovery from the economic fallout of the global health crisis
Read More »African makes history as first elected member of Cologne’s City Council
On Sunday 13 September, millions voters went to the polls in towns and cities across North Rhine-Westphalia, Germany’s most populous state, to vote for Lord Mayors, Mayors, Councillors and the Integration Councils. Many candidates of African origin participated at the elections. Results are now coming in. Dr John Emeka Akude, a Nigerian-born political scientist, was elected member of the …
Read More »What East Africa teaches rest of continent about economic growth – SAP boss
As Africa starts its recovery efforts against the immense challenges caused by the Covid-19 pandemic, Pedro Guerreiro, Managing Director for Central Africa at SAP – the global leader in enterprise software, takes a closer look at the continued economic success story of the East African region and argues why it is an example for how the rest of the …
Read More »ECOWAS postpones single currency launch, adopts gradual approach
The Economic Community of West African States has postponed the planned launch of its single currency, the Eco. The body agreed to maintain a gradual approach for the launching of the currency. ECOWAS explained that a new date for the launch would be announced later. This was contained in a communiqué issued at the end of the 57th Summit of …
Read More »AfDB to help Africa ‘build back boldly but smartly’ post-Covid, Adesina pledges
“Covid-19 also opens up new opportunities and a greater sense of urgency to build Africa’s manufacturing capacity, industrial development, and critically-needed industrial value-chains that must be supported by enabling infrastructure and policies"
Read More »Ecobank wins the Award for Innovation in Financial Services
The leading pan-African banking group Ecobank has won the Award for Innovation in Financial Services at the 2020 edition of the prestigious African Banker magazine Awards. The Awards, which reward banking excellence in Africa, were announced at a virtual ceremony held on 26 August. The African Banker’s judging process sought to recognise the African banks that have demonstrated original and …
Read More »Nigeria’s Akinwumi Adesina reelected president of African Development Bank
President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has been reelected to a second 5-year term by the Board of Governors of the international financial institution. The election took place at the bank’s annual general meeting held via video conferencing on Thursday. Adesina was the first AfDB president to be re-elected with 100% votes of both African and …
Read More »Stay away from Northern Cyprus, Nigerian government advises students
Hon. Abike Dabiri-Erewa, Chairman/CEO, Nigerians in Diaspora Commission (NIDCOM), has called on Nigerian parents to stop sending their children to study in Northern Cyprus. She made the call in Abuja on Monday while speaking on the sudden death of a 25-year-old Nigerian student in Northern Cyprus, Mr Ibrahim Khaleel Bello, and others who had died in similar mysterious circumstances in …
Read More »Ecobank Group announces 2020 Winners of Fintech Challenge
Ecobank Group, the pan-African banking giant, on Thursday announced the winners of its Ecobank Fintech Challenge 2020 after an exciting virtual event streamed live from Accra, Ghana. Nokwary Technologies, edged out the rest of the finalists to emerge winner of the competition. The first and second runner up spots were taken by Ukheshe Payment and Solutions Growth Factor Technologies respectively. …
Read More »‘Africa’s Business Heroes’ Competition Announces Top 20 Finalists
The Jack Ma Foundation’s search for Africa’s Business Heroes continues, with the top 20 finalists revealed on 19 August – representing over 50% female candidates, 11 key sectors and 14 countries: the twenty finalists have impressed the judges with their vision and entrepreneurial prowess, and are ready to progress to the semi-finale stage of the competition, for a chance to …
Read More »Berlin to rename Mohrenstrasse after African philosopher
In what could be described as a major victory for the Black community’s long struggle for the renaming of streets bearing names derogatory or disrespectful of Africans in the federal capital, the District Assembly (Bezirksversammlung) of Berlin-Mitte has approved the name change of the Mohrenstrasse (Moor Street). On Thursday evening, the assembly decided to rename Mohrenstrasse. In the future, the …
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