The Legatum Centre for Development and Entrepreneurship at the Massachusetts Institute of Technology, with the Mastercard Foundation, has announced a series of events in three cities across Africa to discover and support local entrepreneurs who are bringing their knowledge to bear on their continent’s greatest challenges. Techpreneur Africa, the host of the tour in Lagos, confirmed this in a statement by its Chief Executive Officer, Mr. Mobolaji Finnih. “In collaboration with the MIT Legatum Centre, TechPreneur Africa would like to inform you of the launch of Open Mic Africa Tour of Lagos, a week of events to take place on July 24-27, 2017 across Lagos. “Open Mic Africa is a cross-continent tour that seeks to find and showcase Africa’s top innovators while developing a dialogue am
At the 30th Anniversary celebration of the award-winning Transcorp Hilton Abuja, the Honourable Minister of Labour and Employment, Chris Ngige, commended the relentless efforts of the chairman, Transnational Corporation of Nigeria Plc, Tony O. Elumelu CON, towards job creation as a strategy for poverty alleviation in Nigeria and Africa. “ I am here because Tony Elumelu creates jobs. I take interest in those who create jobs and Tony is one of them,” the minister stated. The minister went on to share that the Labour statistics on Transnational Corporation of Nigeria show that 1500 to 2000 people are employed at the Transcorp Hilton alone. Elumelu’s commitment to poverty alleviation is perfectly expressed in a theory he continues to champion called Africapitalism. It is the belief that Afri
The rapid expansion of technology is opening new opportunities for savvy small and large businesses that get in on the ground floor. Just like those who embraced the web, social media and mobile, early adopters of virtual reality and augmented reality are set to be rewarded. For those living under a rock, VR is the use of headsets and/or mobile devices to provide people with a simulated lifelike environment. It’s not looking at the TV screen; it’s feeling like you’re inside it. AR brings virtual elements into the real world to change what people see and feel before them, such as a hologram. With revenue of $5.2 billion in 2016 and projections of $150 billion by 2020, everyone will be impacted by AR and VR to some degree. Embracing it early is the wise thing to do. Examples of VR and A
Competition Part of Company’s Eighty-Five Year Commitment to Supporting Entrepreneurs, Science Education Opportunities, and Health Systems across the Continent Johnson & Johnson (www.JNJ.com) today named the winners of the first Africa Innovation Challenge at the Global Entrepreneurship Congress. The initiative, which received nearly 500 submissions from innovators and entrepreneurs across the continent, sought the best ideas for new, sustainable health solutions that will benefit African communities. The Johnson & Johnson Family of Companies comprises the world’s largest healthcare business and its presence in Africa dates back to 1930, including business operations, public health programs and corporate citizenship. The Africa Innovation Challenge is part of the company’s compr
The Next Einstein Forum (NEF) (http://NEF.org) has launched the search for fifty-four science and technology Ambassadors, one champion from each African country. The selected NEF Ambassadors will join the NEF Fellows Class as part of the NEF’s Community of Scientists NEF Ambassadors attend the NEF’s signature event, the NEF Global Gathering, the second edition of which will be held in March 2018 in Kigali, Rwanda. They will have the opportunity to network with emerging and world renowned scientists and technology leaders as well as industry and policy leaders at an innovative gathering that will focus on how science and technology can solve global challenges, boost sustainable growth and accelerate human development. “The NEF Global Gathering 2016 held in Senegal was a resounding suc
As in previous years, the OSVPAM will be awarded to innovative projects which make use of information and communication technologies to improve living conditions for the peoples of Africa and the Middle East in fields such as health, finance, education and agriculture Applications for the 7th edition of the Orange (www.Orange.com) Social Venture Prize in Africa and the Middle East (OSVPAM) are being accepted until 6 June 2017 21:00 GMT in the “Orange Social Venture Prize” pages of the websitewww.EntrepreneurClub.orange.com. With a record 750 candidates in 2016, the success of the OSVPAM prize with entrepreneurs in Africa and the Middle East speaks for itself As in previous years, the OSVPAM will be awarded to innovative projects which make use of information and communication tech
The Federal Government will commence the construction of a standard gauge rail line from Lagos to Ibadan next month, the Managing Director, Nigerian Railway Corporation, Mr. Fidet Okheria, has said. The project, which has been awarded to the China Civil Engineering Construction Corporation, is being jointly funded by the Nigerian and Chinese governments, and will cost about $1.5bn (N458bn). Already, the Federal Government has made its counterpart funds available, while China promises to release its own by the end of this month, according to Okheria. This is coming about six months after the Federal Government and the CCECC signed an agreement for the project. The NRC helmsman, who spoke with our correspondent exclusively in Lagos on Friday shortly after receiving a leadership awa...