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Nigeria’s billionaire business mogul donates 150 cars to Nigeria’s crime fighters
Alhaji Aliko Dangote, one of Nigeria’s biggest business moguls, has donated 150 cars to the Nigerian Police Force. This presentation was made in the name of the Dangote Foundation on May 31, 2018, at the Eagle Square, Abuja.
According to Dangote, this rare gesture comes in “because security is essential to economic development.” Dangote, who is chairman of the Foundation, pledged to make additional donations as part of his contributions towards crime fighting and prevention.
This marks the single biggest number of operational vehicles ever donated to the law enforcement agency by a private organization.
Disagreements over President Buhari’s performance
Political stakeholders and opinion leaders in Nigeria are heavily divided over Buhari’s performance as president of the country. The President on Tuesday celebrated his third anniversary in office during the commemoration of democracy day in Nigeria.
In presenting his scorecard in an early morning speech, President Buhari noted that his administration has successfully incapacitated the Islamic insurgent group, Boko Haram, and is doing everything possible to end the present spade of killings by Fulani herdsmen. He also mentioned that more Nigerians are confirming an improvement in their electricity supply, as compared to when his administration came to power.
The opposition has, however, debunked the claims of the president as absolute force, adding that there is more insecurity in Nigeria under the Buhari administration, a situation that had improved under the last administration. As the arguments and counter-arguments continue between the two camps, 2019, being an election year, shall however decide.
Cameroon is modifying taxation payments for companies
Presently, most African countries are facing revenue setbacks and Cameroon is on the list. However, GICAM has proposed the modification of companies’ taxes, as the group believed it would help boost the country’s revenue.
According to GICAM’s President Celestin Tawamba, the proposal is as a result of a working group set after the new administration board was elected.
Taxing companies based on their profit is a great idea, as it will boost the country’s coffers. However, it might reduce the production and profits of the companies. Also, it will reduce the rate of investors in the country.
Is Cameroon gradually plunging into a civil war?
It would appear the once ‘peaceful’ Central African nation of Cameroon is gradually sliding into a full-blown civil war. Why do we say so? There is growing tension between Paul Biya’s government and separatist rebels in the English-speaking regions of the country. The separatists have, however, vowed to defend the independence of the former British Southern Cameroons, now called Ambazonia, declared on October 1, 2018.
A general strike of teachers and laws that started in late 2016 with the demand for basic reforms has snowballed into a violent armed conflict, after government’s mismanagement of the crisis. Just last week, more than 30 civilians were massacred by government forces in Pinyin, a North Western village of Menka.
While government describes the victims as terrorists, the Anglophone community and the chairman of the opposition SDF party say they were innocent citizens framed up and summarily executed by government forces.
UberEats is footprinting into Nairobi
On Tuesday, Uber in Kenya launched UberEats, a food delivery app that will allow customers buy food from various restaurants and have it delivered right to their doorstep. This is after tying up a deal to acquire orderTalk, a leading provider of online ordering software just last week.
UberEATs teams up with restaurants in the cities they operate in and customers are able to order food from their apps on Android and iOS. They can even order food from their website if you’re on a PC.
According to Amal Devani, UberEats Kenya General Manager, the app has partnered with over 100 restaurants in Nairobi. As such, orders can be made on the app for delivery by hundreds of countries who have signed up.
Nairobi becomes the fourth city in sub-Saharan Africa in which UberEats is available after Johannesburg, Durban and Cape Town.
Tanzania receives $64.4m grants from China for two major infrastructure projects
In its usual act of benevolence, China has signed a $64.4m grant with Tanzania for two major infrastructure projects in the country. The deal was closed between the Finance and Planning Ministry Permanent Secretary Dotto James on behalf of the Tanzanian government and China’s ambassador to Tanzania Wang Ke.
China has in the past, assisted the country in many projects including the Chalinze Water Project and the National Stadium.
According to Wang Ke, China will keep cooperating with Tanzania in implementing various development projects that would benefit the country and sustain bilateral relations between the two.
Is there a way to effectively seal the mouths of Social Media gossipers?
Ugandan President is introducing a new and profitable method of fighting fake news and gossips on social media. Ugandans with social media accounts will now have to pay 200 shillings [$0.05, £0.04] as a daily levy. This includes people using Internet messaging platforms like Facebook, WhatsApp, Viber, and Twitter. The president claims that this is a way of fighting social media gossips and fake news.
The measure also imposes other taxes, including a 1% levy on the total value of mobile money transactions. Civil society groups are however kicking against the law with reason that it will affect poorer Ugandans who rarely use banking services. Nevertheless, State Minister for Finance David Bahati maintains that the social media taxes are necessary to help Uganda pay off her growing national debt.
It is however not clear how the government intends to implement these tax measures. But it is evident that Uganda’s own way of fighting fake news and gossips is by reducing the daily presence of citizens on social media. The poor are certainly going to suffer more than the rich. Gossips on social media are often promoted by those who have enough Internet data to waste and this can only come from those who can afford.
South Africa may be about to surrender its status as the home of Africa’s biggest motor industry
Morocco has overtaken South Africa in vehicle production and is aiming to become the home of Africa’s biggest motor industry. The country’s corporate taxes are as low as 8.75% but has succeeded to attract several investors in both car components fabric and car manufacturing.
The North African nation is determined to make the sector a growth engine of its economy. The rapid turnover of the country’s automotive sector has given great hope to its inhabitants, as it will give jobs to the unemployed.
By developing the sector, Morocco aims to raise the number of manufactured and exported vehicles from Morocco abroad to 800,000 by 2020. This will generate MAD 100 billion and create 160,000 jobs. Low labor prices, regional stability, security, and competitiveness, are among the aspects that turned Morocco into an automotive hub.
Angola in the wake of expanding its economy
Known as Africa’s second largest oil exporter, Angola still struggles with the arms of poverty across her waist. However, the country’s President, Joao Lourenco is seeking partners for investment.
“We want to strengthen our relationship with France and somehow become a member of the International Organization of the Francophonie, which plays an important role in Africa,” said Joao Lourenco.
South Africa is bridging the wide gap between the haves and have-nots
South Africa is known for inequality between the rich and the poor. No doubt Julius Malema, leader of the Economic Freedom Fighters (EFF) has in the past years maintained his quest for an economic balance in the country.
After a month of parliamentary debates, therefore, the South African parliament finally approved the new national minimum wage bill. The bill which will see South African workers receive R3 500 a month. An overwhelming majority of lawmakers approved the bill on Tuesday.
The SA President Cyril Ramaphosa is expected to sign the bill into law, which is expected to address financial inequality in South Africa.
President Lourenco step is that which cannot be ignored, as it draws investors into the country, it will also create jobs for Angola citizens.
Central Bank demands regulation of financial technology lending in Kenya
Kenya’s central bank governor has demanded regulation of the financial technology (fintech) sector. This is due to an increase in exploiting lending practices by institutions that take advantage of the unbanked.
Last week, the country’s Finance Minister prepared a draft bill in a bid for the public to review and comment. The bill which stipulates that digital lenders will be licensed by a new Financial Markets Conduct Authority Lenders. They will also be bound by any interest rate caps the Authority sets.
However, it is not clear whether digital lenders are subject to this current government cap on banks’ interest rates which has slowed private sector credit growth since its introduction in 2016.
This Egyptian Court ruling depicts Egypt as a theocratic State
A top administrative court in Egypt has ordered a blockade of YouTube for a period of one month over a blasphemous video. The decision came after a years-long legal saga over the 2012 trailer for Innocence of Muslims, an anti-Islamic film which disparages the prophet, Mohammed.
The lower administrative court first passed the ruling in 2013 and ordered the country’s ministry of communications to block the video-sharing website. It also ordered the blockade of all links that broadcast the film. However, the ruling stayed after the case was appealed in the courts.
It is not yet certain how the verdict is to be implemented but every indication, YouTube was still accessible in Egypt as of May 28, 2018. This verdict presents Egypt more as an Islamic theocracy than a circular state.
PayPal acquires AI prediction platform Jetlore
Fresh from its largest acquisition of payments firm iZettle for $2.2 billion, PayPal is on the investment hunt once more. It has now acquired Jetlore, an AI-powered prediction platform for some of the world’s top retailers. With Jetlore’s talent and AI-powered tech, PayPal believes it will enhance and accelerate PayPal Marketing Solutions, adding new capabilities that continue to expand PayPal’s value proposition for merchants beyond the online checkout experience.
With this purchase, PayPal seems to address another segment for its future, which is working with marketplaces and major online retailers.
To date, Jetlore did not position itself as a solution for smaller or micro businesses. PayPal may develop a future for this segment with Jetlore’s technology, but that won’t be in the immediate short term.
Will Apple and Google grant Russia’s request to take down Telegram?
Earlier in March this year, Telegram got into a legal tussle with the Russian government for refusing to hand over encryption keys of its users. Consequently, a Russian court issued a ruling in April for the country to ban Telegram until it provided those repugned keys. But the government didn’t. The Russian government has now turned to Apple and Google to pull the app from their stores.
The two tech juggernauts haven’t officially commented on this yet. But it appears the messaging app hasn’t updated some of its key features in Apple’s new operating system update.
It’s unclear if Apple and Google will comply with the request. But if they do, they would likely only pull the app from their Russian app stores. This means the app will, however, still be available in the app stores of other countries, which Russian citizens could still presumably access.
Trump and Kim are still working on a meeting
Despite the cancellation of the planned meeting between Kim Jong-un and President Donald Trump, there are still ongoing efforts for the meeting to take place. It’s on this light that consultative talks are currently ongoing to that effect.
The right-hand man to the North Korean leader Kim Jong-un met the US Secretary of State Mike Pompeo in New York within the week to discuss a historic summit. General Kim Yong-Chol met with Mr. Pompeo after flying in from China. The two leaders meet again on Thursday to talk about the meeting. Kim Yong-Chol is the most senior North Korean to visit the US in nearly 20 years.
The US President had canceled the meeting earlier scheduled for 12 June 2018 in Singapore but both sides have been making fresh efforts to ensure that the meeting takes place. The historic meeting between Mr. Trump and Kim Jong-un would be the first between sitting US and North Korean leaders.
Uber’s major rival in Africa is now a billion-dollar unicorn
Taxify’s battle to win the ride-hailing market in Africa and Europe has received a major shot in the arm. The Estonian startup that battles with Uber across Europe and Africa has raised $175 million in a funding round which values it at more than $1 billion–the coveted unicorn status. German car giant Daimler, led the round alongside, other VCs and a Chinese ride-hailing giant known for backing Uber’s rivals around the globe.
The investment is Daimler’s latest foray into the ride-hailing transport business after prior investments in European car transport companies. As part of the deal, Daimler joins Taxify’s board. And Daimler could also offer it access to Moovel, its transport-booking app, with a user-base of 2.5 million.
Taxify currently operates in 40 cities–11 of them, in Africa. The firm intends to use the new funding to power its expansion into more cities. Its expansion strategy will likely target only cities where the ride-hailing business has “proven” itself.
Given Daimler’s interest in mobility, it makes sense that they would back Taxify. The ride-hailing app launched in 2013 but already boasts 10 million customers in over 25 countries globally, making it the fastest-growing ride-hailing company in the world. Uber, which has faced a range of struggles in its businesses over the past two years, however, remains the world’s largest player in the online taxi-hailing market outside China.
China’s SenseTime is now the world’s highest-valued AI startup
The future of artificial intelligence (AI) is widely acknowledged to be a war between tech firms in America and China. In a notable side-note to that battle, China now has the world’s highest-valued AI startup after SenseTime, a company founded in 2014, announced a $600 million Series C investment round. According to SenseTime, the company will invest this new fund into research and development and acquiring talent.
This round values the company at over $4.5 billion. What this means is, SenseTime is now standing as one of the most valuable AI startups in the world. Last year, SenseTime raised $410 million in funds. In total, the startup now has capital of more than $1.6 billion.
Its AI-based technologies can recognize faces, characters, and images as well as provide video analysis. Chinese authorities use SenseTime’s technology to carry out surveillance to identify persons of interest during criminal investigations. China has previously said it wants to become the world leader in AI by 2030–a goal that’s led to rapid developments in the country. SenseTime could be a springboard for China to realize its dream of outsmarting the U.S. in the AI war.
Malian “Spiderman” chooses French Citizenship over Army General position
An illegal Malian immigrant in Paris, stunt the world last Monday, after he scaled the balconies of a story building from the ground, to save a four-year-old child in danger at the fourth floor. Mamoudou Gassama, 22, risked his life to rescue the child clinging to a railing and glancing at the ground below, as a horrified crowd watched.
While receiving the Gassama at the Presidential Palace, French President Emmanuel Macron congratulated him for “an exceptional act” and promised him a French nationality and a job in the emergency services. “We’ll obviously be setting all your papers straight and if you wish it, we will start the process of naturalization so that you can become French,” he said.
Soon after the French President received him, Gassama received a phone call from the President of his home country Mali, requesting him to come back home and take up the position of a General in the Malian army. The young Malian who is now a French Citizen, however, rejected the offer from his home president and has since started his new job with the fire department in Paris. He will earn about 600 euros in the job.
Many have been asking whether a French Nationality and a firefighting job is worth the risk Gamassa took. Others have blasted the Malian President for the army General offer. Would he have offered Gamassa such a position if the heroic move to save the child was done in Mali?
- Facebook is getting into the gig economy
- Google is quietly formulating a new strategy for China
- Trump’s visa restrictions aimed at Chinese STEM students to start in June
- An Alphabet spinoff company can cut a home’s energy bills by digging a deep hole in the backyard
- MoviePass is forging ahead with its grand plan, and starting a new production house
- A previously unthinkable US and EU trade war has begun
- Nigeria’s Piggybank.ng raises $1.1m seed round
- Customs IT Systems of Burkina Faso and Togo Interconnected
- Piggybank secures $1.1 million seed funding
- Introducing i-invest, West Africa’s first treasury bills App
- With its IPO, MTN makes the largest transaction on the local stock exchange
- Kenya: Central Bank wants more regulation for credits from fintech
- Viva Technology 2018: African start-ups make their show in Paris
- Lenali: The Malian Oral Social Network for the Illiterate
- Google launches an app for discovering your neighborhood through local experts
- Attend the event on Powering up at continent at POWER-GEN & DistribuTECH Africa 2018. From July 17-19, 2018 in Johannesburg South Africa.
- Make a date with Six African energy ministers to share success stories at 20th Africa Energy Forum. From June 19-22, 2018 at Mauritius.
- Don’t miss the East Africa Digital Construction November 14 -15, 2018, Nairobi, Kenya.
- Attend the Live Smart City Travel, Live, Work & Startup at Abuja-The World’s First. From November 23, 2018, 9:30 am to November 24, 2018, 6 pm at Sheraton Abuja Hotel, Ladi Kwali Street Abuja, Federal Capital.
- Don’t miss out on the Digital Africa Conference & Exhibition 2018. From June 5, 2018, starting at 9 am to June 7, 2018, 1 pm WAT. At Shehu Musa Yar’ Adua Centre, Abuja, Federal Capital Territory Nigeria.
- Grab an amazing opportunity to meet Human Resources Professionals in the Workshop on Writing HR Policies and Procedures, on November 12-16, 2018, 9am-5pm. At HCA Learning Centre. Acme Road, Ogba, Ikeja, Lagos or MAAS Central Hotel, Eastern Bye Pass, Old GRA, Port Harcourt.Nig.
- Attend the Africa Trade and Investment Global Summit: Conference & Exhibition on June 24, 2018, 7:30 am to June 26, 2018, 9 pm. At the World Trade Center-Ronald Reagan Building 1300 Pennsylvania Ave NW Washington, DC 20004 United States.
- Take part in the Global Conference on Applied Sciences, environment & Industrial Engineering from June 16, 2018, 9:00 AM to June 17, 2018, 12:00 PM KST at Seoul, Korea.
- Work as a Staff Counselor P3 at World Food Programme. Rome – Italy. Closing date: June 19, 2018.
- Africa Institute for Mathematical Sciences is in need of a Program Coordinator. Yaoundé – Cameroon. Deadline: June 08, 2018.
- Tearfund is in need of a Project Coordinator in the Republic of Congo. Deadline: June 10, 2018.
- Work as a Case Management Expert at INTERSOS. Cameroon. Deadline: June 06, 2018.
- Unrepresented Nations and Peoples Organization is in need of a Project Assistant in Brussels – Belgium. Deadline: June 06, 2018.
- Apply as a Construction Program Manager at Gulf Christian Services. Kapuna – Papua New Guinea. Closing date: June 18, 2018.
- Sign up for the General Electric (GE) Early Identification (EID) NYSC Program 2018 for young Nigerians. Application Deadline is unspecified.
- Apply for the World Bank Group IFC Recruitment Drive 2018 for sub-Saharan African Professionals. Application deadlines vary with position.
- Applications are open for the 2018 Google Impact Challenge Nigeria for nonprofits and social enterprises( $250,000 grant and training from Google). Application Deadline: July 4, 2018.
- Apply for Investec Bursary Programmes 2019 for Young South Africans. Application Deadline August 31, 2018.
- Western Union Moving Money for Better Scholarships 2018. Fully Funded to attend the 2018 One Young World Summit in The Hague, The Netherlands. Application Deadline: June 4, 2018.
- Participate in the Crick African Network’s African Career Accelerator ( CAN ACA) awards 2018 for African Post-Doctoral researchers. Application Deadline: August 1, 2018.
- Grab the amazing opportunity and apply for L’Oreal South Africa Digital Marketing Internship Program 2018.
- Don’t miss Southern Africa startup Awards 2018 for young Entrepreneurs, bringing together amazing ideas and entrepreneurs from all over the globe.
- Apply for the Ministry of Economy, Trade, and Industry ( METI) Government of Japan Internship Program 2018( Fully Funded to Japan). Application Deadline: June 30, 2018
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