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Africa Business News

Africa Business News

News analysis from across 55 African Union member states

2020-02-24 06:45:22.0

WISCA is Mentoring 37 Young Professional Women - Fabia Ogunmekan

Fabia Ogunmekan is the Executive Secretary of Women in Successful Careers (WISCAR). She is a Lawyer and Corporate Executive with 20 years’ experience working in the fields of law and development across Corporate Organizations and the Nonprofit sector. She holds an MSc in Nonprofit Management from the Cass Business School, City University London, BL from the Nigerian Law School and LLB from the University College London. She has attended a number of capacity building courses in the areas of Law, Leadership, Corporate Social Responsibility and Management and is an Alumnus of the Lagos Business School's Senior Management Programme, SMP 36.

She has worked in Legal Practice as an Associate with the law firm of The Law Union in Lagos, As a Corporate/ Admin Secretary Pronatura Nigeria a sustainable development NGO in Port Harcourt focused on empowering communities in the Niger Delta towards achieving sustainable livelihoods, with Hygeia Group an integrated healthcare services company in Lagos where she spent 8 successful years in different management and executive roles, culminating in her role as Head of Group Legal and Regulatory Compliance; the Tony Elumelu Foundation as Alumni Engagement Manager where she was responsible for engagement programs and collaborative partnership opportunities for the Alumni network. She has consulted and is a facilitator at the Lagos Business School’s Nonprofit Leadership and Management Programme. In her spare time she volunteers as a mentor. She is a 2018 Rise Up Leader and is passionate about the pursuit of development in Africa and the role of women in enabling that happen.

2020-02-18 06:32:22.0

ARM is Improving Access to Financial Services Products in Nigeria - Henrietta Bankole-Olusina

LABS by ARM is an accelerator program designed to engage post-MVP FinTech startups in a series of activities aimed at exponentially advancing the growth of their companies within a short time frame, and ensuring their investment-readiness.

Our maiden edition was last year (2019), and this program has produced some of the most important businesses in the Nigerian FinTech space. The 2020 program will kick-off on the 10th of February, 2020 and we would love to have you around to witness and report this important event for us.

We will be introducing you to the Startups that have made it into the program this year, and more importantly, you will be able to ask questions - and have exclusive information - pertaining to the program, the market and our vision to enhance innovation in Nigeria by supporting the brightest and the most locally relevant technology ideas.
Mrs. Henrietta Bankole-Olusina (Managing Director, ARM Financial Advisers Limited)
Henrietta Bankole-Olusina is the Managing Director of ARM Financial Advisers Limited, the digital financial services business of the Group with the mandate to build the Group’s digital distribution platform for all retail products across the Group, including mutual funds, life insurance, trust and wills, stocks, pensions, and real estate products.

She also oversees ARM’s Corporate Transformation and Information Technology departments. Prior to joining ARM, she was the Management Consulting Lead for Financial Services and the Head of Mobility and Payments at Accenture. While at Accenture, she was also the Head of Finance and Performance Management. Henrietta holds a B.Sc. Biology from the University of Lagos and an MBA with a specialization in Corporate Strategy and Economic Policy from The Maastricht School of Management, The Netherlands.

2020-02-18 06:24:09.0

Sustainable and Scalable Innovation for Africa

Innovation in Africa

Here, we intend to look at the current innovation blocks and how incorporating the concepts of viability, sustainability, and scalability into the entire journey of innovation, from ideation to actualization, we can begin to leave a greater impact onto communities across Africa.

What innovation blocks are running in Africa?

For Africa there are three critical players and funnels that form the current innovation ecosystem:
1.Institutions of higher learning - universities, colleges, etc.
2.Incubators, co-working spaces, and hubs – the home of startups
3.Local enterprises – successful startups in the ecosystem

The funnels of innovation

At the very core of innovation lies ideas and methodologies that nurture and provide a framework for the creative process to take place. Institutions of higher learning provide this environment that helps build up the capacity of an ecosystem to create new solutions for its pains.

Institutions of Higher Learning

Innovation is heavily built around the education systems and supported by culture (both existing and nurtured). Here, ideas are prevalent and the support systems are present to make these ideas come to light. These institutions provide a platform where the private sector can synchronize and deliver industry-grade training to students.

Developer communities thrive in educational institutions that encourages industry level training and learning that helps incentivize innovative ideas. Training based initiatives to training young people, and more recently teens, looking to gain skills or pursue a career in technology are increasing. Moreover, funding options for students are increasing with organizations looking to enable the next great startups, not only from Africa but from across the world.

Next steps for institutions of higher learning

However, despite these numerous channels of opportunity, these institutions need to do more to spur viable, sustainable and scalable innovation across the board. Such steps include:

1.Providing an ecosystem of technology aware investors who can financially support innovative ideas coming out of these institutions.
2.Strategic partnerships with the industry working together creating synergy between the two parties and insight on both ends
3.Updated technical knowledge through training facilitated by the enterprises in the industry ensuring that academic institutions are training for industry needs
4.Encouraging multidisciplinary collaboration with regards to building solutions. Healthcare innovation with input from healthcare experts allows for more robust solutions.
5.Setting the social, cultural and intellectual tone of their local areas and ecosystems – having deep roots in the community they’re in, academic institutions can play a critical role in creating more STEM-based cultures where children are encouraged to take on the sciences.
6.Contributions to government and industrial decision making. Once academic institutions are on the table, it’s much easier to push for innovation as an agenda.

Incubators & Hubs

The training provided in the universities and colleges goes a long way in creating the foundation of co-working spaces, hubs, and incubators. Hubs or co-working spaces thrive on young entrepreneurs who are interested in building solutions for their communities. Currently, according to a 2018 GSMA report, there is 442 number of hubs located in major cities across Africa.

From these hubs, come some of the most exciting ideas and business models that are unparalleled anywhere else in the world. MPESA is the brainchild of a campus undergraduate while ideas such as Tanda and Mellowcab are based in co-working spaces.

There are 6,300+ startups currently running and operational in Africa currently according to Angel List and...

2020-01-23 12:11:13.0

"Women Are Ready to Bend-Over Backward to Help Other Women Within a Structured Framework" - Amina Oyagbola

In her words, Women are ready and willing to bend over backward to accommodate and help other women, this is been the story of WISCA, says the founder Amina Oyagbola.

Amina Oyagbola is a Philanthropist and Global Business Leader in Lagos, Nigeria. She is also the founder of WISCAR (Women in Successful Careers). WISCA runs a mentorship program for young female professionals in Nigeria. The program matches the mentor with the mentee after the mentee has articulated what her career aspirations are and has also chosen to pursue a career as a corporate professional. According to Amina, she has been on this journey for 11 years and they have proven that the methodology works and now they are working on scaling the program globally. Mentoring 37 Mentees this year and hopefully will be doubling the number in 2021.

to make a donation, please visit www.wisca.ng

2020-01-23 12:11:13.0

"Women Are Ready to Bend-Over Backward to Help Other Women Within a Structured Framework" - Amina Oyagbola

In her words, Women are ready and willing to bend over backward to accommodate and help other women, this is been the story of WISCA, says the founder Amina Oyagbola.

Amina Oyagbola is a Philanthropist and Global Business Leader in Lagos, Nigeria. She is also the founder of WISCAR (Women in Successful Careers). WISCA runs a mentorship program for young female professionals in Nigeria. The program matches the mentor with the mentee after the mentee has articulated what her career aspirations are and has also chosen to pursue a career as a corporate professional. According to Amina, she has been on this journey for 11 years and they have proven that the methodology works and now they are working on scaling the program globally. Mentoring 37 Mentees this year and hopefully will be doubling the number in 2021.

to make a donation, please visit www.wisca.ng

2019-12-13 03:20:10.0

Young People Can Fix This World - French Minister of State, Gabriel Attal

Visiting Nigeria and the City of Lagos for the first time, Gabriel Attal, the Minister attached to the French Ministry of National Education and Youth branched at Africa Business Radio Studio and had a chat with our CEO about Entrepreneurship and African Youth. In his words, "Young people are currently very aspirational and they want to change the world"

2019-12-11 01:36:28.0

The Art of Tech Lagos 1.0. is a Game Changer - Michelle Omoregha

Michelle is a member of the organizing committee, she speaks about the impact of the Art of Tech Lagos 1.0.

2019-12-11 01:23:11.0

Art of Tech 1.0. - Nigerian Farmers Are Going Techy

The Farming Prophet, Jareed Ibrahim speaks to Shepheard about How Nigerian farmers are using technology.

2019-12-11 01:16:33.0

Art of Tech 1.0. - It's Now Clear to Everyone That The Future is Digital - Babajide Asegbeloyin

Babajide Asegbeloyin Speaks on What FCMB is Doing on Agric-Tech and he also elaborated on the current reality that the future will be digitally driven.

2019-12-10 05:13:47.0

Art of Tech 1.0: Weyimi Eribo Shares Her Entrepreneurship Experience

At the just-concluded Art of Technology 1.0 in Lagos, Weyimi Eribo Shares Her Entrepreneurship Experience.

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News Updates

  • G20 leaders pledge to inject 5 trillion into the global economy

  • China offers help to US against Coronavirus

  • United State surpass China and Italy with new cases of Coronavirus

  • Toyota Motor Corporation in Asia seeks credits line

  • Asian shares continues stock rally

  • European shares falls to 1.8%

  • UK Prime Minister tests positive for COVID0-19.

  • Africa Development Bank seeks record 3-billion-dollar debt issue to fight coronavirus;

  • National bank of Ethiopia makes plan to inject 15 billion birr into private banks

  • South Africa records more than 1,000 cases of COVID-19