Category Archives: ideaexchange

Idea Exchange: Anzisha, Obama, Elumelu, HEVA

EDIT The African Banker Awards that will take place during the African Development Bank Annual Meetings on 11th June in Malabo, Equatorial Guinea are now accepting entries for the awards of African Bank of the Year, African Banker of the Year, Investment Bank of the Year, Best Regional Bank in Africa, Best Retail Bank in Africa, Innovation in Banking, Infrastructure Deal of the Year, Deal of the Year (Debt), Deal of the Year (Equity), Award for Financial Inclusion, and Socially Responsible Bank of the Year. All financial institutions (banks, micro-financiers, investment banks, DFIs and others) are invited to compete. Completed entry forms should be submitted by Monday 1st of April.

Edit Africa CEO Forum Awards recognizes outstanding business leaders and this year includes a  “Gender Leader of the Year” prize and “Disrupter of the Year” award to go with other existing awards for CEO of the Year, African Champion of the Year, and International Company. Some nominees include Mohamed El Kettani – Attijariwafa bank and Tewolde Gebremariam – Ethiopian Airlines for “CEO of the year”, Banque Centrale Populaire, Ethiopian Airlines, OCP Group and Royal Air Maroc for “company of the year”, Absa Group, Access Bank, First Bank of Nigeria and Unilever for “gender leader” and Africa’s Talking, Baobab+, InTouch, Jumia and Kobo360 for the “disruptor” award. The awards will be given during the 7th Africa CEO Forum on 25 – 26 March 2019 in Kigali, Rwanda.

Africa Netpreneur Prize Initiative (ANPI) will officially open its call for applications starting from the 27th of March 2019. The ANPI is a US$10 million Prize competition for African entrepreneurs, founded by the Jack Ma Foundation, where ten finalists from across the continent will compete for US$1 million in total prize money. Deadline for applications is 30th June 2019

EDIT Class 5 of the Alibaba Global Initiatives eFounders fellowship is open to founders/co-founders of digital ventures from Botswana, Cameroon, Chad, Kenya, Rwanda, or Uganda. It is jointly organized by Alibaba Business School and UNCTAD and the deadline is March 17. Note that the fellowship does not cover air tickets and transportation/pick-up services to and from Hangzhou, China.

The Anzisha Prize is Africa’s biggest award for her youngest entrepreneurs and hands out over USD $100,000 every year in funding to entrepreneurs from all over the continent.  Details here.

EDIT  The British Council Future Leaders Connect, is a global network for emerging policy leaders seeking to connect to a long-term network of emerging leaders from around the globe, who want to change the world through policy making. To take part you must be aged 18-35 and live in one of our participating countries – Canada, Egypt, India, Indonesia, Kenya, Mexico, Morocco, Nigeria, Pakistan, Poland, Tunisia, UK and USA. Applications from Egypt and the USA are by invitation only. Applications close on Monday 6 May 2019.

EDIT Cities Alliance a global partnership supporting cities to deliver sustainable development, hosted by the United Nations United Nations Office for Projects Services (UNOPS), is offering grants up to USD 50,000 to people working on innovative and accessible solutions for improving tenure security and land and property rights in any African country. It is open to Innovators, microenterprises, social entrepreneurs, community-based organisations, and national and local NGOs working in African cities.  Deadline to apply for the Cities Alliance is  March 14, 2019.

Edit Coca-Cola Beverages Africa and PETCO have launched an innovation challenge, dubbed the Beyond Baling Innovation Challenge (BBIC), that aims to provide innovative solutions to bale post-consumer PET plastic in order to ease their transportation for recycling and manufacturing.

DRC Innovation for Financial Services 2019:  The Central Bank of Congo, in partnership with FSDA Africa and Elan DRC, has launched Innovation for Financial Services 2019, a competition for businesses and entrepreneurs aimed at promoting the development of innovative and relevant financial services and payment solutions in the DRC. The winner of each category will then have access to FSD Africa’s investment process with the possibility of raising up to US$130,000.

The Tony Elumelu Foundation, the leading African-funded and founded philanthropy committed to empowering African entrepreneurs, has announced its last call for applications into its prestigious 2019 Entrepreneurship Programme. Selected beneficiaries will join 4,470 current alumni and will receive $5,000 seed capital, access to mentors, bespoke training and numerous opportunities to impact policies at the local and global level.

The programs is a 10-year, $100 million commitment to identify, train, mentor and fund 10,000 African entrepreneurs, the Programme’s objective is to generate at least 1,000,000 new jobs and create at least $10 billion in new business revenue across Africa. Applicants can apply on TEFConnect, the largest digital networking platform for African entrepreneurs by March 1.

HEVA Fund: HEVA has launched a Growth Fund in collaboration with Agence Française de Développement (AFD), targeting mature businesses in the creative economy – fashion, apparel and accessories; live cultural events (music, shows, venues, festivals); and digital media content production and distribution. – that have been in operation for at least 5 years, with annual revenues exceeding KES 10 million. The targeted businesses are in the following creative economy value chains:  HEVA will be investing a minimum of KES 5 million and a maximum of KES 10 million in each successful enterprise. Deadline is 13th March 2019. HEVA is also receiving applications for its Cultural Heritage Fund and for a Young Women in Creative Enterprise Fund.

The Inter Region Economic Network (IREN) has launched the IREN Technologies and Innovations Platform 2019 (ITIC 2019) to promote the best mix of technology and innovation to processes along the agribusiness value chains. Innovators are expected to address the region’s challenges in value addition, energy, storage, logistics and marketing. The Lake region is known for fish, grain, vegetable, cash crop, dairy and livestock production. IREN welcomes Institutions and established companies to participate in the final ITIP 2019 Trade Fair to be held later in November 2019.

Edit MEST: Five promising start-ups from across Africa have been chosen as regional winners in MEST Africa’s annual Pan-African pitch competition, moving one step closer to winning $50,000 in equity investment, a place in the MEST Africa incubator of their choice and global mentorship to help their company scale. The winners who were chosen from over 1,000 applicants are AMPZ.TV – a ‘LinkedIn for Sports’ (Nigeria), OZÉ – a financial data insights company (Ghana), Snode – real-time cyber security (South Africa),  WayaWaya – a fintech company (Kenya) and Seekewa – an agricultural financing platform (Cote d’Ivoire).

Obama Founder Leaders Africa Applications are live for the Obama Foundation Leaders Africa Program which aims to identify a group of emerging African leaders from all sectors—government, civil society, and entrepreneurs—who have demonstrated a commitment to advancing the common good. Apply by February 28, 2019.

Edit  Pivot East: East Africa’s premier entrepreneurs’ program is back for its 6th year after a two year break with a call for applications opening on 11th March 2019 and the startups pitching competition and conference event happening on 27th June 2019. Applicants can be in software and hardware in five categories of finance, enterprise, entertainment, social Impact and utilities.

Sanofi, the global pharmaceutical company, extended the registration deadline for entries to this year’s edition of the VivaTech innovation conference. 17 Kenyan start-ups have registered so far and are expected to participate in the conference.

Twitter Business Voices from every African Country

Compiling a list of African voices on @Twitter who write about business with a bias to residents who live in the countries and actively tweet or write about finance, economics, investments, technology and other similar business topics.

Diaspora (marked as ‘d’), and government (marked as ‘govt’) writers are included and marked accordingly, but this is not to de-emphasise their ability to create authentic unique local content. There is also a  bias for people who tweet in English, and for individuals, not media or financial organizations, but these are not criterions for selection or exclusion. Feel free to suggest other names in the comments, by country, and to complete the gaps.

  • Algeria @omarelmohri (d)
  • Angola @CaipLounge, @isabelaangola
  • Benin @yacinebtchane
  • Botswana @Emma_Wareus @SiyandaWrites @BogoloKenewendo (govt), @JacoBank
  • Burkina Faso @bachirismael (govt), @ocomar
  • Burundi @ThierryU(d), @mKabeya
  • Cabo Verde
  • Cameroon @mankangwafo @dibussi @Mimimefo237 @dibussi
  • Central African Republic /CAR
  • Chad
  • Comoros
  • The Democratic Republic of the Congo @congofriends (d), @Ley_Uwera @Noellacc @sindika_dokolo
  • Republic of the Congo
  • Cote d’Ivoire @nnenna? @nanaspio? @Laureenolsson @edithbrou @VictorOladokun @CandaceNkoth @kajenny @fayelle1 @ourmaninafrica
  • Djibouti @Ilyasdawaleh (govt)
  • Egypt @Gsquare86 @tchibota_fleur @G_Hammouda @Ibrahimsagna
  • Equatorial Guinea @GabrielObiang (govt), @Ameugn, @CesarAbogo(govt), @OscarBerniko
  • Eritrea @MesMehary(d), @MagdaBerheJ @tekerebanelim
  • Ethiopia @Zemedeneh @Kalkidafrique @deldeyoch @Mekmz @PreciseConsult @addisale @BethlehemAlemu @MuradAIssa @addis_fortune @GetachewSS ‏@EleniGabre @FlawlessinET
  • Gabon @Isdimak @caro_enilorac @prjeanping  @agueminia @mays_kinga @gloriamika
  • Gambia @fatimaj_j, @TheJamaJack @haddijatoujonga @Fatushow @maimuhyai
  • Ghana @MacJordaN, @ekbensah(d), @EFYA_Nokturnal @ethelcofie(d), @anasglobal
  • Guinea @diene_keita
  • Guinea-Bissau @raulcabr
  • Kenya @alykhansatchu @coldtusker @RookieKE @MainaT
  • Lesotho @mpolo_masenkane @BillyNtaote @charlesfogelman @Frank_Mothibe @Sthunya
  • Liberia @AxelAddy
  • Libya @MaryFitzger
  • Madagascar @lrakoto
  • Malawi @chiume
  • Mali @KamissaCamara (govt), @Si_Duchatelet
  • Mauritania @ahmed8687
  • Mauritius @mosesharding
  • Morocco @Startup_Morocco @MarieMarieNelly @helenranger
  • Mozambique @clubOmozambique @Casa_Barry @sandragaveta
  • Namibia @Dillish_lishy, @KalondoMonica
  • Niger @Aalyel @AmindehBlaise @SouleyMoutari
  • Nigeria @PaulWallace123 @NaijaFlyingDr @eggheader @toluogunlesi @tosinolaseinde @JasonNjoku @nonso2 @chikaoduah @elnathan_john @venerableladyB @OlufemiAwoyemi @BankyW @markessien @DrJoeAbah @LindaIkeji @toluogunlesi ‏@NuhuRibadu @eggheader @biolaa1 @rolakeakinkugbe @_yemia
  • Rwanda @LucyMbabazi @cakamanzi @DKarusisi @YolandeMakolo @RwandAnFlyer(d) @Fionambabazi1 @YvonneMakolo @Julio_Bizimungu @Contact_Makeda @mwasa @kayizarica  @TravelRwanda. Also President @PaulKagame, and in Rwanda, virtually all top government officials tweet as well.
  • Sao Tome and Principe
  • Senegal @AliouneSambGR(d), @gayeadama000, @babacarjdiop(d), @MameKharyDIENE1 @kadediha @YannLeBeux
  • Seychelles President @DannyFaure (govt), @ronny_jumeau @FinesseMf @SeychellesTrade @BarryFaure (govt), @SeyInvest
  • Sierra Leone @UmaruFofana @IamIshaSesay(d) @memuna @VickieRemoe @KYumkella
  • Somalia @Fatumaabdulahi, @DrBeileh (govt)
  • South Africa @MichaelJordaan @alechogg @RanjeniM ‏@TheSoloWandera @PhutiMahanyele @ThuliMadonsela3 @Sentletse @ElanaAfrika @christopherM @rafiq
  • South Sudan @siinchol
  • Sudan @NesrineMalik (d), @YousraElbagir (d), @MagnusGTaylor (d)
  • Swaziland / Eswatini
  • Tanzania @CRBarretto @joachimm3 @moodewji @Arden_Kitomari @zittokabwe @Makambas (d), @carolinekere, @iMashibe @AnnieTANZANIA @MsigwaGerson (govt), @JMakamba (govt) @MikocheniReport @aeyakuze
  • Togo @Farida_N, @cinalawson(govt), @CarlManlan
  • Tunisia @benyeoma? @Rana_J01 @benyeoma @nanaspio
  • Uganda @KigoziMaggie @UgInsomniac @whthome @echwalu @ssanyaug @tufre80 @whthome @RosebellK @jssozi @echwalu @Ruthaine
  • Zambia @Muloongo @MissZambia @mulumba @missbwalya @monicamusonda @GNdhlovu @ictjournalist @cholamukanga @Mweshi
  • Zimbabwe @TrevorNcube, @MthuliNcube (govt), @SirNige @VascoDaGappah @elishabuffet

WEF Davos 2019

The annual meetings of the World Economic Forum (WEF) take place in Davos Switzerland this week. The 2019 event will feature over 3,500 attendees from 115 “economies” (according to WEF) of who 118 are from Africa. Among this number, 57 are from South Africa, 16 from Nigeria, 13 from Kenya, 9 from Egypt, 6 each from Zimbabwe and Ethiopia, 5 Rwanda, 4 Cote d’Ivoire and 3 from Morocco.

This year Qz has drilled down the attendees by continent, and listed under Kenya are Jesse Moore (M-Kopa), Katie Hill (Liquid Telecom), Mohammed Hassan (Kakuma Refugee Camp), Patrick Njoroge (Governor of the Central Bank of Kenya), Dr. Githinji Gitahi (CEO, AMREF) Agnes Kalibata (AGRA President), Paul Okumu (AfricaPlatform), Peter Munya (the Cabinet Secretary in the Ministry for Trade, Industry and Cooperatives), Liz Muange and Kanini Mutooni (both of USAID), Kennedy Odede (CEO Shining Hope), Mohamed Al-Beity (Savannah Fund) and Winnie Byanyima (Executive Director Oxfam).

 

Other familiar attendees from the continent include Tony Elumelu (Chairman of UBA Group), Ahmed Heikal (Qalaa), Cyril Ramaphosa (President, South Africa), Abiy Ahmed (Prime Minister, Ethiopia) Yoweri Museveni (President, Uganda), Moussa Mahamat (Chairperson African Union Commission), Akinwumi Adesina (President, African Development Bank), and Paul Kagame (President, Rwanda), Elizabeth Rossiello (CEO BitPesa – now in Senegal), and Emmerson Mnangagwa (President, Zimbabwe) who may have withdrawn to deal with the latest chapter in the country’s economic crisis.

Others are Mthuli Ncube (Finance Minister, Zimbabwe), from Botswana President Eric Masisi and Investment Minister Bogolo Kenewendo, Kamissa Camara (Foreign Affairs Minister Mali) and from the DRC is Denis Mukwege, who won the Nobel Peace Prize in 2018.  Qz notes that the youngest attendee at Davos this year is the 16-year-old photographer Skye Meaker from South Africa. 

Also on the list is William Browder, CEO of Hermitage Capital, a now frequent attendee at Davos. In his fascinating book, “Red Notice: A True Story of High Finance, Murder, and One Man’s Fight for Justice”, he writes of his first visit to Davos – where in 1996, he gatecrashed the town of Davos with an investment banking friend. They did not have an innovation to the $50,000 annual summit, “an A-list party of the business world,” in which all hotel rooms are booked a year in advance. But they did mingle around the town and met a former finance minister of Russia in a group where they had an eerie conversation about investing in Russia.

“Don’t worry about the election, Yeltsin is going to win for sure.”
“How can you say that? His approval rating is barely 6%”
“These guys will fix that”

Large Bank Engagement Programs: Nigeria and Kenya

How do large banks engage with the public? Some have programs that go beyond the usual corporate social responsibility – and which go out to address unique national challenges or provide opportunities to large segments of the population who may also be customers of the bank

Kenya scholarships and training.

In Kenya, large banks have some education programs, offering scholarships and support to gifted primary and high school students in different counties. The largest of these has been Equity Bank, which has its “Wings to Fly” leadership program. In nine years, Wings to Fly has given over 15,000 scholarships to needy or financial challenged pupils, 8,000 of who attained the university entrance grade after secondary school.

There are also other entrepreneurship forums, training programs and business clubs.

KCB has a KCB2Jiajiri, a Kshs 50 billion program started in 2016 that aims to benefit 500,000 entrepreneurs in 5 years, thereby creating at least 2.5 million direct and indirect jobs. 

Barclays

Barclays Bank of Kenya launched Ready to Work, a free online training program to help college students and recent graduates get “job-ready” for a world of work. The bank also has a business club founded in 2003 that has supported over 9,000 companies and whose entrepreneur members have traveled to network and trade in over ten countries.

Nigerian bank do mega events:

Access Bank: In December, Access Bank had a huge year-end musical event.

The Bank also hosted a “Born In Africa Fest,” a musical event that was attended by over 25,000 guests.

Ecobank: The bank has a recurring fintech challenge to find financial technology companies with solutions and models that can scale across Africa.

GT Bank

GT Bank stages an annual fashion event called the GTBank Fashion Weekend that brings together fashion and business leaders from around the world to create the biggest fashion experience in Africa.

They also aim to showcase African art in different countries.

UBA: Unique among the banks is UBA, who in conjunction with their Chairman, and his Tony Elumelu Foundation have just launched the fifth year of a $100 million entrepreneurship challenge a philanthropic program that aims to find, train and fund 10,000 African entrepreneurs. So far, over 4,470 entrepreneurs have benefited, and, through UBA in Kenya, over 350 local entrepreneurs in Kenya have received the seed capital of $5,000 for their businesses, training and mentoring, and many of them have been to Nigeria to attend an annual congress of entrepreneurs.

The number of applicants has been increasing each year. Last year there were over 150,000 applicants, and this year applications are all being done via TEFConnect, which is billed as the largest digital networking platform for African entrepreneurs.

The TEF Entrepreneurship Program is open to citizens and legal residents of all African countries, who run for-profit businesses based in Africa that are no older than three years. The deadline for applications submission is March 1, 2019.

Zenith Bank

Zenith Bank held “Style by Zenith,” a flagship Lifestyle, beauty, fashion, accessories and entertainment fair, in conjunction with Fashion One, in the last weekend of December 2018.

Idea Exchange: Bloomberg and Reuters financial journalism training

Bloomberg: The Bloomberg Media Initiative Africa Financial Journalism Training program has resumed. After four years of training financial journalists in Kenya, South Africa and Nigeria, the BMIA now moves on to Ghana, Zambia, Tanzania, Cote d’Ivoire and Senegal.

In the first part of the new phase, participating universities are the Ghana Institute of Journalism and University of Ghana Business School in Ghana, and the University of Zambia and University of Lusaka School of Business in Zambia. That does not mean journalists from other countries are excluded, but they have to travel to physically attend classes at the local universities,  that run from January 2019 to June 2019, for two weeks in each month.

AMIB50 chart by Bloomberg

The program is worth about $22,000 and is greatly subsidized by Bloomberg Philanthropies and the Stavros Niarchos Foundation, with the students not expected to pay more than $250. Students must also have a laptop computer and commit to attending all the classes. For the duration of the class, they also get prized access to the Blomberg terminal, an invaluable information resource for researching global financial markets. The deadline for applications is November 30. 

Reuters: The Reuters Journalism Training Programme – EMEA targets early journalists, with not more than three years experience, to undertake a nine-month training program, that includes with one month in London, and on the job training in bureaus in Africa, Europe and the Middle East.

Applicants must have an interest in issues that affect companies, markets and economies and there seems to a preference for journalists with experience in areas like banking, financial analysis, accounting, law or computer science. The deadline for applications is November 30.