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Nigeria launches $618 million tech fund for young investors

Nigeria launches $618 million tech fund for young investors

NIGERIA launched a $618 million fund to support tech and creative sectors for young investors who struggle to raise capital in Africa's largest economy. The fund - targeting 15 to 35-year-olds - comes at a time when there are concerns locally about the failure of U.S. startup-focused lender SVB Financial Group, which has supported startups in Nigeria. So far only Chipper Cash, a cross-border payments startup, has said it had $1 million in SVB. Some of the biggest startups, including e-commerce firm Jumia and Africa-focused fintech firm Flutterwave, told Reuters they had no exposure to the bank. Vice President Yemi Osinbajo…
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As cyclone nears, Mauritius and Madagascar brace for floods, storm surge

As cyclone nears, Mauritius and Madagascar brace for floods, storm surge

MAURITIUS grounded flights and shut its stock exchange as tropical cyclone Freddy approached the island in the Indian Ocean, while emergency teams braced for heavy rains, floods and landslides in four regions on Madagascar. The cyclone, packing wind gusts of up to 120 km per hour (75 miles per hour), posed a direct threat to Mauritius, its weather service said. "As Freddy approaches ... (a) storm surge is likely to cause coastal inundation in risk areas. It is, therefore, strictly advised" not to go to sea, the service's bulletin said. The cyclone could pass as close as 120 km (75…
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How Nigeria’s presidential election is galvanizing young voters

How Nigeria’s presidential election is galvanizing young voters

FIRST-time voter Amanda Iheme has made up her mind on her choice for Nigeria's next president - and it won't be a candidate from the two main political parties. Like many younger Nigerians, the 30-year-old clinical psychologist sat out previous elections because she thought the candidates were out of touch and assumed the vote would be rigged. She was tired of facing the same choice year after year, between two rich men who had been in politics for longer than she has been alive. On Saturday, that choice is on the table again. But this time round there is a…
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This Kenyan death tech startup is digitising mourning

This Kenyan death tech startup is digitising mourning

SETH ONYANGO, BIRD STORY AGENCY STARTUP Safiri Salama has ushered in an entirely new tech sector for Africa, with in an end-of-life, e-services platform that offers digital death notices, memorials, and a directory of funeral service providers. Safiri salama, Kiswahili for "Go in peace" or "Travel well," is a familiar farewell term used during East African funerals. The startup is taking an unexplored route in Africa, striving to fill a space between the burgeoning funeral industry and a lack of linking threads for grief-stricken families. "African communities typically avoid death and end-of-life discussions, leaving them vulnerable to exploitation as they…
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Meet the Nigerian designer turning plastic water sachets into high fashion

Meet the Nigerian designer turning plastic water sachets into high fashion

GABRIELLA OPARA AT only nine years old, Adejoke Lasisi began learning to weave aso-oke under the watchful eyes of her mother. It would take her another 15 years to master this traditional handwoven fabric of the Yoruba people of Nigeria. But as the young entrepreneur explains it, by the time she left university she had a useful source of income - and a great way to make new friends. "I began weaving aso-oke textiles professionally while serving as a corps member in the NYSC (Nigeria’s National Youth Service Corps). My clients were mostly couples preparing for their traditional wedding ceremonies.…
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From Egypt to Kenya, African countries are building their own vaccine factories

From Egypt to Kenya, African countries are building their own vaccine factories

BONFACE ORUCHO, BIRD STORY AGENCY A bid for self-sufficiency in the health sector is largely seen targeting vaccine imports and is elevating Africa's bio-manufacturing industry, according to numerous recent reports which also point to improved healthcare capabilities. “The COVID-19 pandemic highlighted the urgent need for Africa to accelerate its vaccine manufacturing capabilities,” said Olilo Patrick, a Genetic Engineer at the Kenya Medical Research Institute, Centre for biotechnology research and development. During the pandemic, vaccine access was almost impossible to most African countries, with wait times of months, as Western nations prioritised vaccine nationalism and profiteering around supply and demand. Having…
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Body of Ghana soccer player Atsu arrives home in Accra

Body of Ghana soccer player Atsu arrives home in Accra

THE body of Ghana winger Christian Atsu was flown home to Accra evening, the day after he was found dead under a collapsed building in southern Turkey. Atsu had been missing since the February 6 earthquake following the collapse of an apartment building in Hatay. He was 31. FILE PHOTO: Newcastle United's Christian Atsu inside the stadium before the match on February 1, 2020. REUTERS/Scott Heppell Draped in Ghana's national flag, Atsu's coffin was received at the capital's Kotoko International Airport by Vice-President Mahamudu Bawumia and a large military honour guard. "We hoped against hope, every day that passed, we…
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Meta appeals Kenyan court’s decision it can be sued in Kenya

Meta appeals Kenyan court’s decision it can be sued in Kenya

FACEBOOK parent company Meta has filed an appeal in Kenya challenging a ruling that said the company could be sued in the East African country even though it has no official presence there. A Kenyan labour court earlier this month ruled that Meta could be sued in the country after a former content moderator filed a lawsuit alleging poor working conditions. In the appeal, seen by Reuters on Tuesday, the U.S. company disputed the court's finding that Kenyan courts had jurisdiction over Meta. Meta outsourced its content moderation work via Sama, a U.S.-headquartered company with operations in Kenya. Sama said last month…
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Burkina Faso marks official end of French military operations on its soil

Burkina Faso marks official end of French military operations on its soil

THIAM NDIAGA FRANCE and Burkina Faso have officially marked the end of French military operations in the West African nation, the Burkinabe armed forces said, after a flag-lowering ceremony at the French special forces' camp a day earlier. In January, Burkina Faso gave France one month to withdraw its troops as it ended a military accord that allowed French troops to fight insurgents on its territory, citing a wish for the country to defend itself. Their departure marks a new chapter in Burkina's battle with Islamist groups linked to al Qaeda and Islamic State, which have taken over large swathes of land…
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France eyes Ivory Coast after Burkina Faso boots out French troops

France eyes Ivory Coast after Burkina Faso boots out French troops

ANGE ABOA and THIAM NDIAGA FRANCE'S defence minister pledged to boost military support to Ivory Coast, as Paris adjusts its strategy in West Africa after neighbouring Burkina Faso ordered French troops to leave and vowed to curb a worsening Islamist insurgency solo. Burkina Faso said on Sunday that France's military operations on its soil had officially ended - marking the start of a new chapter in the Sahel region's battle with Islamist groups linked to al Qaeda and Islamic State. The two jihadist groups have taken over swathes of land and displaced millions of people in Burkina, Mali and Niger. It is…
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