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/

#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 #blackblueprint #afrofuturistagenda #afrofuturistnews

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.

#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 #blackblueprint #afrofuturistagenda

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

African ride-hailing app gets funding

“According to The Guardian, the African ride-hailing company raised more than US$1 million from Shell Foundation, Global Innovation Fund, Development Innovation Ventures, and a private tech company in 2016.”

Source: https://www.techinasia.com/allianz-go-ventures-back-african-ride-hailing

More and more innovative apps are coming out of African countries. How can we share technology and ideas across the ocean? Let’s discuss it in the solutions room on X Nubia Phi.

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