The Trump administration countered Chinese investment in African tech. Will Biden continue?

“In January 2020, Nigerian healthcare startup LifeBank became the first company to receive investment under a new maternal care initiative introduced by the US International Development Finance Corporation (DFC). LifeBank’s 24/7 blood supply business met three criteria for a DFC-funded company; it is a revenue-generating enterprise filling a developmental gap in an emerging market. Using these investment criteria, the DFC has gone on to invest in multiple sectors across Africa. In addition to LifeBank, DFC’s Africa portfolio includes Twiga FoodsCopia (both Kenyan startups), and investments in Angola, Botswana, Chad, Egypt, Gabon, Morocco, Mozambique, Namibia, Senegal, South Africa, and Uganda. The DFC has a $75 billion investment target for people in less developed economies, through loans and direct equity funding into startups, funding VC funds, and providing technical support.  That alone makes its presence in Africa remarkable. Startups working on power generation, healthcare, agriculture, technology, and financial services could access really large tickets for massive scale. But America is changing hands to an ideologically different leadership. How will this influence the DFC’s future approach and impact in Africa?”

Article by Alexander O. Onukwue

Source: https://techcabal.com/2021/01/20/biden-trump-china-investment-africa/

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African Women in Technology Conference 2019

“Speaking with representatives of various tech organizations from all over Africa, the conference presented a great opportunity for women to be better versions of themselves. Speaking at the event, Laura Chite the CEO CIO East Africa noted, “This is an opportunity to be a better version of oneself not just in the technology careers but holistically. It is worth seizing.””

Source: https://bit.ly/2YakZSP

Two things are true: The leadership of women is critical to our survival. And technology has the potential to solve many social and economic problems that are pervasive on the continent. Looking forward to seeing many more similar events both at home and abroad.

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Why You Should Care That Nigeria Is In Silicon Valley

“To establish bilateral economic relationships between Silicon Valley, Nigeria and emerging countries in Africa, [the Silicon Valley – Nigerian Economic Development Inc.] identifies Silicon Valley Tech companies interested and able to hire Nigerian engineering, computer science and technology graduates utilizing H1-b Visa program… It introduces seasoned and emerging tech firms to Nigeria’s federal government to facilitate the creation of technology, manufacturing plants, and call centers to increase employment for Nigerian college graduates as skilled labor workforce.”

Source: https://bit.ly/32GUhod

The future is technology and Nigeria knows it. And what better way to become competitive globally than to create relationships with tech companies in Silicon Valley. And, as the world’s 27th largest economy, Nigeria has a lot to offer. If the future is tech, where do we fit in?

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Building mutual prosperity between African-Americans and Africa

“We propose strategies focused on three themes: tourism in Africa; trade and investment in and with Africa; and knowledge, innovation, and technology sharing to improve U.S.-Africa relations.”

Source: https://www.brookings.edu/blog/africa-in-focus/2019/02/14/from-wakanda-to-reality-building-stronger-relations-between-african-americans-and-africa/

Technology has not only made the world a smaller place, it has enabled the average American to learn more about business investment in African nations. Although this article discusses three themes, I imagine that there are myriad more opportunities out there. What’s the next step?

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Top African tech startups have solutions to some of the continent’s pressing challenges

“Africa’s top startups presented innovative proposals to tackle water, food and land security, healthcare, urban development and engineering challenges in Africa. The two-day summit… also included expert-led sessions looking at investment, food sustainability, smart cities and villages, drone testing, image analytics, aviation policy for sustainable growth and the role of women in the aerospace industry.”

Source: https://africanews.space/africas-top-aerospace-and-remote-sensing-startups-presented-solutions-to-some-of-the-continents-pressing-challenges/

We always knew Africans could solve their own problems, but now it’s evident. The image of starving Africans is being replaced with thriving African technology centers. African Americans have the capacity to do this as well. What is the blueprint for cultivating technology innovation and incubating technology startups in marginalized communities in America?

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Why it’s important that Ivanka was in Africa

“Ivanka Trump is in Addis Ababa, Ethiopia for a four-day tour to promote the Women’s Global Development and Prosperity (W-GDP) Initiative, a $50 million United States initiative launched by her father, President Trump in February. The initiative is aimed at advancing women’s economic empowerment through a whole-of-government approach to reach 50 million women globally by 2025.”

Source: http://venturesafrica.com/dangote-refinery-supports-nigerias-content-development-initiative-as-local-contractors-get-368-million-deals/

This initiative, on the surface, certainly looks like a bold, progressive move by the Trump administration. Let’s look under the hood to see what measures are in place to make sure that they’re not just creating a higher-skilled slave labor force of women. Sounds like a project to me!

#afrofuturism #blackmusic #blackjesus #blackentrepreneur #blackfuturist #xnubiaphi #afrophysicist #afronaut #afroscientist #afrochemist #afrobotanist #afrotechnology #afroexplorer #afrohorticulturist #blackgenius #blackengineers #NSBE #afroengineers #blacktothefuture #darkmatter #darkscience #theblackvote #afropoliticians #blacksciencefiction #blackspeculativearts #blackownedbanks

Who will be the next big African tech startup?

“This April, the elusive and only occurrence of the rare African unicorn, Jumia, has been sighted in Wall Street for its IPO. The success story of Jumia has inspired a lot more to seek for their own unicorns by investing in the African continent’ startup scene. So much so, that in 2018 a little more than a billion dollars had been invested in Startups around Africa.”

Source: http://www.techinafrica.com/new-gold-rush-next-big-african-startup/

The growth of the amount invested in African tech startups by Chinese and European investors is, to say the least, phenomenal, and yet more investment is still needed. Who will be the next big tech startup? Who is best positioned for investment capital? Perhaps, people who have eyes and ears in the tech industry in Africa can connect with investors in America. Is there such a channel and how accessible is it? Thoughts?

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Red Bull connects technology innovators in 22 countries

“All this is done with the aim of enabling them to collaborate in using technology as a means to effect positive change in society. Hatches can take the form of interactive workshops and maker sessions, lectures by the industry’s current and future leaders, debates and mixes.”

Source: https://www.redbull.com/za-en/Red-Bull-Basement-Hatch-The-Chicken-and-the-Egg-in-SA-Tech-Innovation

Hatches and hatch-like technology and innovation centers, like the ones in Johannesburg and Sao Paulo, are growing like weeds in our communities. They say that “All this is done with the aim of enabling them to collaborate in using technology as a means to effect positive change in society.” I hope that’s true. Not long, however, before those who benefit from these opportunities are creating their own technology and innovation centers.

#afrofuturism #blackmusic #blackjesus #blackentrepreneur #blackfuturist #xnubiaphi #afrophysicist #afronaut #afroscientist #afrochemist #afrobotanist #afrotechnology #afroexplorer #afrohorticulturist #blackgenius #blackengineers #NSBE #afroengineers #blacktothefuture #darkmatter #darkscience #theblackvote #afropoliticians #blacksciencefiction #blackspeculativearts #blackownedbanks

Organizations partner with African women entrepreneurs

“APO Group (www.APO-opa.com), the leading media relations consultancy and press release distribution service in Africa and the Middle East, has been named Principal Partner to the Africa Women Entrepreneurship and Innovation Forum (AWIEF) (www.AWIEForum.org) Conference to assist in amplifying the forum’s message and core objective of empowering women entrepreneurs across the African continent.”

Source: https://www.africanews.com/2019/05/08/apo-group-and-africa-women-innovation-and-entrepreneurship-forum-awief-partner-for-deeper-impact-on-african-womens-entrepreneurship/

The AWIEF appears to be moving it’s agenda forward with a very powerful strategic partnership. Think about how much more progress our communities would make with such partnerships, especially with Black-owned businesses…

#afrofuturism #blackfuturist #xnubiaphi #afrophysicist #afronaut #afroscientist #afrochemist #afrobotanist #afrotechnology #afroexplorer #afrohorticulturist #blackgenius #blackengineers #NSBE #afroengineers  #blackfuturist  #blacktothefuture #darkmatter #darkscience

Digital Lab Announces Africa Pitch Competition Winners

From the 500 applications spread over 30 sub-Saharan countries, 10 creatives from countries such as South Africa, Kenya, Zimbabwe, Mali and Ghana were selected. These individuals stood out in the selection committee interviews based on their talent, creativity and ability to motivate their ideas…”

Source: https://www.entrepreneur.com/article/333219

The winners each receive a R42 000 ( about $3,000 USD) cash prize and “a tailor-made incubation programme to accelerate their project development. This includes mentorship by French and sub-Saharan creative industries experts, a residence period in France with a digital cluster/hub, and participation at industry events in France and/or in Sub-Saharan Africa.” What a novel idea! Let’s talk about how we can use this idea to support marginalized communities both domestic and abroad.

#afrofuturism #blackfuturist #xnubiaphi #afrophysicist #afronaut #afroscientist #afrochemist #afrobotanist #afrotechnology #afroexplorer #afrohorticulturist #blackgenius #blackengineers #NSBE #afroengineers  #blackfuturist  #blacktothefuture #darkmatter #darkscience