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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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?

#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