Daily Digest Thursday, 30 July 2020
Latest News
Top Nigerian banker Akinwumi Adesina cleared after corruption probe
The US, one of the bank’s biggest shareholders, insisted on a new inquiry in April after an internal review cleared Akinwumi Adesina. Whistle-blowers had accused the Nigerian of giving contracts to friends and appointing relatives at the bank. Read more
Funding In Southern Africa
Zimbabwe’s MoneyMart Finance are among 50 finalists in Jack Ma’s “Africa’s Business Heroes” initiative
Africa’s Business Heroes (ABH), is a competition set up by Alibaba Group co-founder Jack Ma under his African Netpreneur Prize Initiative (ANPI). ABH wants to identify entrepreneurs making an impact in their communities and to build an inclusive economy for the future.Read more
Opinion Corner
The Open Secret to Reopening the Economy
Anne O. Krueger argues that areas that eased their initial COVID-19 lockdowns and now have surging infection rates are a testament to all that has gone wrong in the pandemic. The lesson from day one still holds: until the virus is defeated, there can be no return to normal.Read more
Call For Entries & Other Webinars
TechCabal Live with Tokunboh Ishmael
This Friday, July 31st, for the 6th episode of “Building in tough times” we are interviewing, Tokunboh Ishmael – co-Founder and Managing Director of Alitheia Capital whose portfolio companies include MAX, Lidya and Tomato Jos. Alitheia Capital is one of the continent’s most prolific local investors. Read more
Venture Capital 4 Africa calls for African startups looking to raise US$150k – US$1M
VC4A is calling for African startups looking to raise between $150K and $1M. In collaboration with technical partner AWS Activate, and network partners AfriLabs and ABAN, VC4A will be hosting the exclusive Venture Showcase – Seed in November as part of a virtual gathering of Africa-focused early-stage investors. Read more
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Emerging Opportunities In Growth Sectors Amid Covid-19 Crises
With the Covid-19 pandemic pushing the global economy (Nigeria inclusive) to record decline, creativity and innovation in goods and services have become very imperative and necessary, perhaps the competitive advantage factor. Opportunities for productivity and economic optimization abound in sectors like healthcare, agriculture and food, manufacturing, ICT amongst others. Read more