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Facebook’s Investing $57 Billion in Africa’s Economy

http://demo3.goodvibeswebsitedesign.co.uk/corporate-creative-news/ Facebook released findings from The Impact of Facebook’s Connectivity Initiatives in Sub-Saharan Africa, a study conducted by Analysys Mason that highlights how Facebook investments in infrastructure and connectivity across the region will deliver over $57 Billion in Economic Benefits over the next five years (2020–2024). According to The Economist Intelligence Unit – Inclusive Internet Index 2020, over 800 million people in Sub-Saharan Africa are unconnected to the Internet. Facebook’s infrastructure investments and connectivity initiatives include the following: Investing in Infrastructure that supports Internet connectivity Submarine cables – Will enable an increase in the supply of international bandwidth, reduction in costs for ISPs and resulted in a combination of more connectivity and...

Daily Digest Friday 24 July 2020

Funding In North Africa Tunisian telecoms VAS content aggregation startup Galactech raises 6-figure investment Tunisian startup Galactech, a telecom VAS content aggregator, has raised a six-figure funding round to help it further develop its product and expand internationally. Launched in 2016, Galactech Read more 10 Tunisian Cultural Ventures Awarded Up To $300k In Grant Funding By Tfanen-Tunisie Créative Tfanen-Tunisie Créative has awarded grant funds to 10 Tunisian private cultural companies that have proposed projects within the framework of the Local Cultural Engagement Fund in Tunisia 2020. Read more Funding In Southern Africa Impact Amplifier, Google.org launch $1m Africa Online Safety Fund South African social impact advisory firm Impact Amplifier has partnered Google.org and...

Impact Amplifier, Google.org launch $1m Africa Online Safety Fund

South African social impact advisory firm Impact Amplifier has partnered Google.org and the UK-based ISD to launch the Africa Online Safety Fund, a US$1 million initiative that seeks innovative solutions to online safety challenges. Over 500 million people have access to the internet in Africa, and while the huge increase in internet, smartphone and mobile network usage has created many new opportunities for socio-economic development on the continent, it has also led to a range of safety concerns. These include identity theft, bullying and harassment, sex trafficking, hate crimes, terrorist recruitment and promotion, misinformation and disinformation, and financial scams. The Africa Online Safety Fund has been established...

Tunisian telecoms VAS content aggregation startup Galactech raises 6-figure investment

Tunisian startup Galactech, a telecom VAS content aggregator, has raised a six-figure funding round to help it further develop its product and expand internationally. Launched in 2016, Galactech offers content creators and startups the opportunity to sell their products in gaming, VoD, and utility to mobile network operator (MNO) clients. The startup, which recently took part in the Orange Fab Tunisia accelerator and previously raised US$200,000 in seed funding, has now raised a six-figure investment from the Oman Technology Fund (OTF) and other business angels. Galactech, which allows content creators and startups to provide value added services (VAS) to African and Middle Eastern MNOs, will use the funding to enter...

10 Tunisian Cultural Ventures Awarded Up To $300k In Grant Funding By Tfanen-Tunisie Créative

Tfanen-Tunisie Créative has awarded grant funds to 10 Tunisian private cultural companies that have proposed projects within the framework of the Local Cultural Engagement Fund in Tunisia 2020. The projects aim to enhance social and cultural diversity, participation citizenship and the socio-cultural integration of minorities and / or support for access to culture in neighborhoods, rural areas, or remote regions. Each company will benefit from a grant ranging from 30,000 to 300,000 TND. Here Is What You Need To Know The call for projects was launched on February 14, 2020, and closed on March 12, 2020 with the receipt of 63 application files, but following the coronavirus pandemic, applicants...

AfricaCom 2020 Symposium Day 1

Date: Tuesday, August 18, 2020 Time: 11:00 AM South Africa Standard Time Duration: 3 hours Summary Join AfricaCom and Connecting Africa for a special two-day digital symposium that will discuss the most impactful issues driving the continent’s tech and innovation ecosystems. DAY ONE - Session 1 @ 11:00 AM SAST African Telecoms Outlook 2020 Speakers: Paula Gilbert, Connecting Africa editor This year did not begin the way most people expected it to, so what does the future of the telecoms sector look like in Africa in 2020? In this Connecting Africa online event, local analysts and industry stakeholders will discuss what African operators’ priorities for the year should be and the most significant market trends expected to dominate in 2020. Will...

Daily Digest Thursday 23 July 2020

LBS Faculty Eugene Ohu Wins $234K Grant For Virtual Reality Research Dr. Eugene Ohu, a faculty at Lagos Business School (LBS), Pan Atlantic University, has won a grant from Templeton World Charity Foundation, Inc (TWCF) to conduct a two-year virtual reality (VR) research. Read More Institutional Investors Are Yet To Show Real Interest In African Music Businesses Africa’s unemployment crisis is a melange of confusing figures, low-paying jobs, seasonal low mean of livelihoods and the push to survive nonetheless. With the job market a lot smaller than the readily available labor force, many Africans have found respite in the creative industry. From music to comedy and acting to...

Institutional Investors Are Yet To Show Real Interest In African Music Businesses

Africa’s unemployment crisis is a melange of confusing figures, low-paying jobs, seasonal low mean of livelihoods and the push to survive nonetheless. With the job market a lot smaller than the readily available labor force, many Africans have found respite in the creative industry. From music to comedy and acting to stand-up performance, the African entertainment industry, especially music, has ballooned over the years. Yet, institutional investors hardly back core African music businesses. Music Streaming Is Exempted The owner of a small business in the logistics sector can easily walk into a financial institution and ask for a loan to either scale or expand the enterprise. All things...

LBS FACULTY EUGENE OHU WINS $234K GRANT FOR VIRTUAL REALITY RESEARCH

Dr. Eugene Ohu, a faculty at Lagos Business School (LBS), Pan Atlantic University, has won a grant from Templeton World Charity Foundation, Inc (TWCF) to conduct a two-year virtual reality (VR) research. The grant was awarded under TWCF’s Global Innovations for Character Development (GICD) initiative. Dr Ohu intends to use the grant to explore the potentials of VR for character development in his research project title “Teaching Children Empathy and Compassion through Virtual Reality Games” Dr Ohu runs a Human-Computer Interaction (HCI) Lab at Lagos Business School, where he explores the implications of the immersive, interactive and perspective-taking characteristics of technologies like computers, mobile devices and virtual reality (VR)...

In Ghana, African Development Bank-funded training builds skills for the economy of the future – report

A six-year project to develop industrial skills among Ghana’s workforce has improved the engineering and manufacturing skills of young people, promoted economic competitiveness and contributed to an improvement in the quality of life of beneficiaries and a reduction in poverty, according to an African Development Bank report issued on 15 July 2020. The Development of Skills for Industry Project (DSIP) was implemented between 2013 and 2019 with $95.2 million in financing from the African Development Fund of the African Development Bank. Its goal was to support the Ghanaian government’s efforts to reform the Technical and Vocational Education Training (TVET) sector and enhance technical and professional schools’ capacity...

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