Category : Other News

Other News / Education - 2020-01-20 12:29:16

Benue govt upgrades State Colleges of Education to Polytechnics

The Benue State Executive Council on Monday approved the conversion of Akawe Torkula College of Advanced and Professional Studies, ATCAPS, Makurdi to Akawe Torkula Polytechnic, ATP, Makurdi. The Council made this known in a statement signed by the Permanent Secretary of Ministry of Information, Culture and Tourism, James Agbo. It also approved the conversion of […] Benue govt upgrades State Colleges of Education to Polytechnics

Other News / Education - 2020-01-20 11:43:17

Kaduna govt approves free primary, secondary education

The Kaduna State government has approved free education for primary and secondary school students in the state. This was disclosed in a statement signed by the Permanent Secretary of the state ministry of education. The government said that students irrespective of gender and economic status are not expected to pay any form of fees in […] Kaduna govt approves free primary, secondary education

Other News / Science & Tech - 2020-01-20 05:09:19

Catalyst Fund gets $15M from JP Morgan, UK Aid to back 30 EM fintech startups

The Catalyst Fund has gained $15 million in new support from JP Morgan and UK Aid and will back 30 fintech startups in Africa, Asia, and Latin America over the next three years. The Boston based accelerator provides mentorship and non-equity funding to early-stage tech ventures focused on driving financial inclusion in emerging and frontier markets. That means connecting people who may not have access to basic financial services — like a bank account, credit or lending options — to those products. Catalyst Fund will choose an annual cohort of 10 fintech startups in five designated countries: Kenya, Nigeria, South Africa, India and Mexico. Those selected will gain grant-funds and go through a six-month accelerator program. The details of that and how to apply are found here. “We’re offering grants of up to $100,000 to early-stage companies, plus venture building support…and really…putting these companies on a path to product market fit,” Catalyst Fund Director Maelis Carraro told TechCrunch. Program participants gain exposure to the fund’s investor networks and investor advisory committee, that include Accion and 500 Startups. With the $15 million Catalyst Fund will also make some additions to its network of global partners that support the accelerato...

Other News / Education - 2020-01-19 10:32:24

Group threatens to sue Auchi Polytechnic, issues 14 days ultimatum

A civil society organisation, the Civil Empowerment and Rule of Law Support Initiative (CERLSI) has threatened to institute legal actions against the Management of Auchi Polytechnic, Auchi if they fail to repeal the decision to revoke admission of new students of the institution. The Management of the institution had earlier revoked the names of students […] Group threatens to sue Auchi Polytechnic, issues 14 days ultimatum

Other News / Science & Tech - 2020-01-16 19:30:12

What we know (and don’t) about Goldman Sachs’ Africa VC investing

Goldman Sachs is investing in African tech companies. The venerable American investment bank and financial services firm has backed startups from Kenya to Nigeria and taken a significant stake in e-commerce venture Jumia, which listed on the NYSE in 2019. Though Goldman declined to comment on its Africa VC activities for this article, the company has spoken to TechCrunch in the past about specific investments. Goldman Sachs is one of the most enviable investment banking shops on Wall Street, generating $36 billion in net revenues in 2019, or roughly $1 million per employee. It’s the firm that always seems to come out on top, making money during the financial crisis while its competitors were hemorrhaging. For generations, MBAs from the world’s top business schools have clamored to work there, helping make it a professional incubator of sorts that has spun off alums into leadership positions in politics, VC and industry. All that cache is why Goldman’s name popping up related to African tech got people’s attention, including mine, several years ago.

Other News / Education - 2020-01-16 14:33:34

Kwara Gov reads riot acts on exam malpractices, warns school heads

Kwara State Governor AbdulRahman AbdulRazaq, Thursday, threatened heavy sanctions against any school heads or officials caught aiding and abetting examination malpractices, saying such action in the 2019 WAEC has led to the blacklist of 165 schools in the state and financial penalties from the examination body. The examinations were held between 8th April and 31st […] Kwara Gov reads riot acts on exam malpractices, warns school heads

Other News / Education - 2020-01-15 16:00:33

2020 UTME: JAMB suspends registration in 243 centres

The Joint Admissions and Matriculation Board (JAMB) has announced the suspension of the ongoing registration exercise for the 2020 Unified Tertiary Matriculation Examination (UTME) in 243 centres across the country. The board’s Head, Media and Information, Dr Fabian Benjamin, who disclosed this to the News Agency of Nigeria (NAN) on Wednesday, in Lagos, said the […] 2020 UTME: JAMB suspends registration in 243 centres

Other News / Education - 2020-01-09 14:59:31

Buhari, ASUU leaders meet in Aso Rock amid IPPIS controversy

President Muhammadu Buhari on Thursday met with the leadership of the Academic Staff Union of Universities, ASUU. The meeting was held behind closed-doors at the Presidential Villa in Abuja. Disclosing this in a tweet, Buhari’s Special Assistant on New Media, Tolu Ogunlesi wrote: “ASUU meeting with the President this afternoon. Ministers of Education and Finance […] Buhari, ASUU leaders meet in Aso Rock amid IPPIS controversy

Other News / Science & Tech - 2020-01-06 06:45:35

Into Africa: tech leaders weigh in on Jack Dorsey’s planned move to the continent

It’s not every day that the CEO of a large Silicon Valley tech company decides to relocate to a different part of the world in order to learn more about it — particularly when it has been frequently maligned and often overlooked by big business. But Jack Dorsey, the American tech entrepreneur who co-founded and leads not one, but two publicly listed companies (Twitter and Square) is not your typical CEO. Dressed down, bearded, often wearing a wooly hat and speaking in a slow, quiet voice, you might even call Dorsey the anti-CEO. He eschews many of the stereotypical trappings of the executive life and mannerisms in favor of taking silent retreats and traveling to countries like Burma. In November 2019, Dorsey’s itchy feet took him to Africa, where he visited Nigeria, Ghana, South Africa and Ethiopia on a listening tour. He had meetings at incubators in Lagos and Addis Ababa, and talked to a number of African tech leaders, including Tayo Oviosu, the CEO of Nigerian payments startup Paga, and Yele Bademosi, the director of Binance Labs. And before he departed back for the U.S., he did something more: he announced that he would return in 2020 to live somewhere on the continent for up to six months. “Africa will define the future (especially the bitcoin one!)....

Other News / Education - 2020-01-05 19:59:29

2020 UTME: JAMB announces exam day, date to begin sale of forms

The Joint Admissions and Matriculation Board (JAMB), says over 650 Computer Based Test (CBT), centres have so far been accredited for its upcoming 2020 Unified Tertiary Matriculation Examination (UTME). The board has fixed this year’s examination for March 14 to April 4, while an optional mock examination for candidates is scheduled for Feb. 18. Similarly, […] 2020 UTME: JAMB announces exam day, date to begin sale of forms

Other News / Science & Tech - 2020-01-01 17:30:21

Jumia, DHL and Alibaba will face off in African e-commerce 2.0

The business of selling consumer goods and services online is a relatively young endeavor across Africa, but e-commerce is set to boom. Over the last eight years, the sector has seen its first phase of big VC fundings, startup duels and attrition. To date, scaling e-commerce in Africa has straddled the line of challenge and opportunity, perhaps more than any other market in the world. Across major African economies, many of the requisites for online retail — internet access, digital payment adoption, and 3PL delivery options — have been severely lacking. Still, startups jumped into this market for the chance to digitize a share of Africa’s fast growing consumer spending, expected to top $2 billion by 2025. African e-commerce 2.0 will include some old and new players, play out across more countries, place more priority on internet services, and see the entry of China. But before highlighting several things to look out for in the future of digital-retail on the continent, a look back is beneficial. Jumia vs. Konga The early years for development of African online shopping largely played out in Nigeria (and to some extent South Africa). Anyone who visited Nigeria from 2012 to 2016 likely saw evidence of one of the continent’s early e-commerce showdowns. Nigeria had its o...

Other News / Science & Tech - 2020-01-01 17:30:21

Jumia, DHL, and Alibaba will face off in African ecommerce 2.0

The business of selling consumer goods and services online is a relatively young endeavor across Africa, but ecommerce is set to boom. Over the last eight years, the sector has seen its first phase of big VC fundings, startup duels and attrition. To date, scaling e-commerce in Africa has straddled the line of challenge and opportunity, perhaps more than any other market in the world. Across major African economies, many of the requisites for online retail — internet access, digital payment adoption, and 3PL delivery options — have been severely lacking. Still, startups jumped into this market for the chance to digitize a share of Africa’s fast growing consumer spending, expected to top $2 billion by 2025. African e-commerce 2.0 will include some old and new players, play out across more countries, place more priority on internet services, and see the entry of China. But before highlighting several things to look out for in the future of digital-retail on the continent, a look back is beneficial. Jumia vs. Konga The early years for development of African online shopping largely played out in Nigeria (and to some extent South Africa). Anyone who visited Nigeria from 2012 to 2016 likely saw evidence of one of the continent’s early e-commerce showdowns. Nigeria had its ow...

Other News / Science & Tech - 2019-12-30 09:53:09

2019 Africa Roundup: Jumia IPOs, China goes digital, Nigeria becomes fintech capital

2019 brought more global attention to Africa’s tech scene than perhaps any previous year. A high-profile IPO, visits by both Jacks (Ma and Dorsey) and big Chinese startup investment energized that. The last 12 months served as a grande finale to 10 years that saw triple-digit increases in startup formation and VC on the continent. Here’s an overview of the 2019 market events that captured attention and capped off a decade of rapid growth in African tech. IPOs The story of the year is the April IPO on the NYSE of Pan-African e-commerce company Jumia. This was the first listing of a VC-backed tech company operating in Africa on a major global exchange —  which brought its own unpredictability. Founded in 2012, Jumia pioneered much of its infrastructure to sell goods to consumers online in Africa. With Nigeria as its base market, the Rocket Internet-backed company created accompanying delivery and payments services and went on to expand online verticals into 14 African countries (though it recently exited a few). Jumia now sells everything from mobile phones to diapers, and offers online services such as food-delivery and classifieds. Seven years after its operational launch, Jumia’s stock debut kicked off with fanfare in 2019, only to be followed by volatility. The onli...

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