Tony Elumelu Entrepreneurs to Receive Microsoft’s Tech Support

The tech giant through its 4Afrika Initiative has collaborated with the Tony Elumelu Foundation (TEF) to provide entrepreneurs in the TEF Entrepreneurship Programme with tech-aligned tools, resources and mentorship. Through this support – which will benefit TEF entrepreneurs across the continent – the two organizations will help entrepreneurs effectively use ICT to digitalize their business venture, enrich their offerings and reach new customers.

African entrepreneurs receive N1 million from Jumia

Under its new startup initiative, the E-Commerce platform has launched an entrepreneurship competition and a “Super Startup campaign” until September 30 this month, targeted at all entrepreneurs to have equal opportunity to grow their businesses.

By aiming towards new startups and businesses, the competition encourages African entrepreneurs to develop unique digital applications and smart solutions that help to solve tangible business problems Nigeria.

What Trump got right from his meeting with African Leaders

In the past months, US President, Donald Trump has shown less concern for Africa in a number of ways. In July, he left the G-20 Summit on African Health and Immigration. This week, he repeatedly mispronounced the name of the Southern African nation, Namibia as “Nambia” at a luncheon with African leaders at the United Nations.

He also said Nigeria had faced a “horrifying” battle with Ebola. Nigeria hadn’t, but Liberia had. So, what is Trump getting right? Apparently, nothing.

Minpostel scouts top IT projects for funding

Last week, Cameroons Ministry of Posts and Telecommunication (MINPOSTEL) began its search for the most innovative IT projects around the country. According to MINPOSTEL, the best eight projects that will be selected shall benefit from a FCFA 10 million funding round and immediately start an incubation program.

This sum will be taken out of the special allocation of FCFA 150 million allocated to the business incubator to be incubated by the SUP’PTIC Business Academy in Yaoundé.

Cameroon’s banking sector exhibits resilience, yet vulnerable

Recently, an economic crisis affecting public finances and economic activities struck the CEMAC region, and Cameroon’s banking sector demonstrated signs of resilience. However, that show of resiliency isn’t lasting long enough. Its liquidity is on a decline and non-performing loans are on the rise, which has affected a couple of banking institutions in the region. This leaves us to think the resolutions taken by BEAC to revive the banking sector had no effects.

Its liquidity is on a decline and non-performing loans are on the rise, which has affected a couple of banking institutions in the region. This leaves us to think the resolutions taken by BEAC to revive the banking sector had no effects.

Crisis in Cameroon’s English-speaking regions are turning into detonations

The long-simmering crisis in its two English-speaking regions has taken a dangerous turn with small explosions targeting local security officials, even as ongoing protests become increasingly vociferous. Renewed mass protests broke out early morning on September 22 (Friday), in major towns and villages across the Northwest and Southwest.

The aggrieved population took to the streets with placards, whistles and flags of Southern Cameroons/Ambazonia; a country they clamor to create when they separate from the present-day Republic of Cameroon. Security forces responded with bullets and tear gas, injuring some protesters in the North West and South West Regions.


Tesla is building its own AI self-driving chips

The electric car maker might look to mimic Apple’s competitive hardware advantages in the autonomous car industry. Tesla is now working with AMD on designing its own silicon for artificial intelligence application processing as it pertains to its self-driving software.

Building a specific chip designed entirely for autonomous driving would help Tesla gain more control over a key aspect of its own supply chain and increase overall system efficiency and performance.

Microsoft plans to open its new flagship store opposite Apple’s

Shopping may be turning into an increasingly virtual experience, with people buying goods online and through apps, but there is no denying the power of a physical in-store experience — a lesson Microsoft is taking to heart.

The company recently announced it will be opening a new flagship store in London — just a stone throw from Apple’s flagship store. Meanwhile, London’s transport regulator has rejected Uber’s application to renew its license to operate in the city. According to the regulator, Uber is “not fit and proper to hold a private hire operator licence.”

Hurricane Maria Knocks out power in Puerto Rico

On Wednesday, the strongest storm to hit US territory in almost a century, made its way to Puerto Rico, shutting down its power completely.  Hurricane Maria comes just after its predecessors, Harvey and Irma wreaked havoc. Puerto Rico’s energy grid took such a severe blow from deadly Hurricane Maria that restoring power to everyone may take months, Gov. Ricardo Rosselló told CNN on Wednesday night.

In a similar development, US President Donald Trump announced new sanctions against individuals and companies that trade with North Korea. Trump’s new executive order gives the US treasury the power to sanction foreign banks that deal with the rogue nation. North Korea has plans to test its hydrogen bomb in the Pacific.

Silicon Times





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