Companies Boost Mentorship and Training for Young People in Sub-Saharan Africa
ACCRA, Ghana, October 30, 2019- Nestlé and its regional partners have joined forces to launch the Regional Alliance for Youth in Sub-Saharan Africa to promote employability for young people.
The alliance, which will focus on creating and implementing employability programmes, mentorship and training initiatives designed to equip young people with essential workplace skills, is part of the company’s business-driven movement Alliance for YOUth, launched in Europe in 2014.
Today’s youth is the largest the world has ever seen – young people aged 15-24 account for one out of every six people globally, with 20% of the total youth population living in Africa alone.
This demographic trend is also exacerbated by the 71 million youth worldwide who are unemployed, while over 500 million are under-employed or stuck in uncertain or precarious jobs. Unemployment among youth in Sub-Saharan Africa reached nearly 30% in 2016. Without concerted action, it is expected that nearly 50% of youth in the region will be unemployed by 2025.
“We believe that investing in youth is vital for thriving, resilient communities, and helps to build our business too,” said Rémy Ejel, Market Head for Nestlé Central and West Africa. “Young people are the next generation of employees who will keep our company competitive, the farmers who will grow the crops we need, and the entrepreneurs who will help us reach new markets, regardless of their field or level of expertise. This is just the beginning,” he added.
The Regional Alliance for Youth in Sub-Saharan Africa
The alliance was launched in Côte d’Ivoire today, October 30th. It will also be launched in Angola and South Africa on October 31st and November 4th, respectively.
With the support of the Government of Côte d’Ivoire through ‘Agence Emploi Jeunes’, a government agency that promotes youth employability and employment, and the International Labour Organization, the regional members of the alliance in Côte d’Ivoire also include Bolloré, Groupe NSIA, MTN, Nielsen, Publicis and Nestlé.
“Nearly 77% of the Ivorian population is aged under 35, which means that concrete actions must be taken to provide more opportunities and help to integrate these young people into the workplace,” said Zain Reddiar, General Manager for Human Resources at MTN in Côte d’Ivoire. “At MTN, we are ready to effectively contribute to this project, which we are sure will help a large part of that population.”
Similarly in Angola, the alliance will be launched in partnership with the Government of Angola, the Swiss Embassy, ADPP, Nestlé and other private companies from different sectors operating in Angola.
“The future can only be built with the next generation, the next sustainable competitive edge, especially on diversifying economies will have to rely on the youth. Young people will be better prepared than ever before for the next challenges, supporting the digital changes of the society we are living in, which at the end of the day will benefit all the stakeholders of the sub-Saharan region. Shaping the young people within our working context, in an inclusive environment, creating new capabilities, allowing within our domain to further develop technologies like Artificial Intelligence, Data Analytics, Smart Data, as many others, shall support the youth to create the world of tomorrow that they will be in. We from our side will support the next generation on this journey, creating the basis for tomorrows challenges”, says Sérgio Filipe, Siemens Angola CEO.
The alliance will combine the efforts of partner companies on hiring, skilling up and training young people by targeting tier three and four universities and vocational schools in and outside of capital cities.
These will be achieved through CV and interview skills-building workshops, identifying career opportunities and accessibility, and offering career-counselling sessions – reaching about 1,000 youths in Angola by 2020, and 5,000 youths in Côte d’Ivoire by the same period. In addition, about 10,000 youths will be reached every year thereafter in Côte d’Ivoire.
As part of the alliance, a flagship initiative will be identified and be jointly owned and implemented by members.
Join the business-driven movement
Nestlé founded Alliance for YOUth five years ago to help prepare young people to enter the professional world. In 2017, it was launched in Chile, Colombia, Mexico and Peru, and in Argentina, Brazil, Paraguay and Uruguay a year later. It was also recently launched at the World Economic Forum in Davos in 2019 with 20 other international organisations.
By joining the Regional Alliance for Youth, companies – irrespective of size or turnover – can help to create a long-lasting impact for young people, while also enhancing their business, staying competitive and reaching more consumers.
Fatura secures a $3 Million pre-series A investment round
Fatura co-Founders (Source: Hossam Ali)
Fatura round was co-led by Sawari Ventures and Arzan VC, with the participation of Egypt Ventures, EFG-EV, The Cairo Angels as well as Khwarizmi Ventures. The B2B marketplace was launched late 2019 and already crossed the 1 Billion EGP yearly GMV milestone, and that’s just in the FMCG sector. Fatura is a mobile application that connects wholesalers & manufacturers with retailers in different industries. The start-up has been operating in the FMCG industry and it is currently piloting in other industries.
During the past year the start-up also extended its reach to more than 25,000 retailers and more than 500 wholesalers and manufacturers across 20 governorates, exchanging more than 10,000 SKUs. Fatura also cracked the surface of financial services by introducing digital lending with focus on retailers financing, aiming to add more services in that area in the near future.
“Fatura’s existing infrastructure has enabled them to expand their offerings to new customers,” commented Hany Al-Sonbaty, Managing Partners at Sawari Ventures, adding that, “the team has demonstrated that they have the vision to identify new opportunities and the prowess and agility to implement and deliver. We are excited to become part of their journey.”
Hossam Ali, Fatura’s CEO, commented on the news saying: “There is a great opportunity in the B2B space in Egypt, that is growing as the players are becoming digitally mature and ready. Collectively, the digital B2B players in the FMCG space capture less than 5% of the market and there is a long way to go. Our conviction is to stay asset-light, be inclusive to all the industry stakeholders and to attract the best on-ground acquisition force across the country”
Fatura has built a strong foundation and infrastructure that enables it to monetize its data and services. The company’s future plans include new services that support the different players in its ecosystem including manufacturers, wholesalers and retailers, multiple digitization initiatives with focus on digital payments and regional expansion into new markets.
“Being part of Fatura’s success story is exciting for us. The FMCG industry is in need of Fatura’s product, which will solve many challenges faced by small retailers. Also, its fintech angle complements the core product and enables retailers to scale their business further with less working capital constraints.” – Hasan J. Zainal, Managing Partner of Arzan Venture Capital
This investment will gear Fatura to extend its services beyond e-commerce and digital lending to optimize the exchange of goods, money and information in the B2B context while focusing on convenience and the different users’ experience.
Business Africa Online, InnoPower and Afrigrants to Host some of the best African, USA Innovators and Investors
Business Africa Online, InnoPower, LLC (USA) and Afrigrants Foundation are set to Host some of the best Innovators, Investors, Business Consultants and Industry Experts in the world at the Going Global Summit with the theme, “Africa: The Next Global Frontier”. The summit is a part of InnoPower Minority Business Week (IMBW) hosted by Innopower, LLC (USA) scheduled to hold from Monday, June 14 to Friday, June 18, 2021 and currently ongoing.
The Going Global Initiative intends to boost a stronger pipeline of awareness, access to Africa’s talent and solutions with these focus areas; Entrepreneurship, Connection and Advocacy. The InnoPower Going Global Summit 2021 is a digital summit and intends to connect Africa to the global economy, starting with the USA. It will attract global business leaders, entrepreneurs, investors, decision and policy makers around the world, especially from Africa and the United States of America (U.S.A). The Summit will feature panel sessions, virtual pitch, awards and networking.
Panel Discussion Topics will cover:
- Positioning African entrepreneurs for global exposure and impact.
- Raising Global Capital: Understanding the Why, When and How.
- Post COVID-19: Exploring US-Africa Investment Opportunities.
Esteemed Guests include:
- Dr. Akintoye Akindele (Nigeria) – Executive Chairman, Platform Capital
- Lawrence Walter (USA) – Vice President, Entrepreneurship at IEDC
- Ayodeji Balogun (Nigeria)– Founder and CEO of Premier Credit
- Lydia Idem (USA) – Founder & Managing Director of FM Capital Group
- Adesuwa Okunbo Rhodes (Nigeria) – Founding Partner & CEO, Aruwa Capital Management
- Nike Anani (Nigeria) – Founder, Nike Anani Practice Ltd
- Ali Hussein Kassim (Kenya) – Tech Executive and Advisor
- Mohamed Aboulnaga (Egypt) – Tech Entrepreneur
- Shila Nieves Burney (USA) – Founder, Zane Venture Fund & Zane Access
- Segun Abiona (Nigeria) – Founder & Innovation Director, Nicole & Giovanni
- Manisha Dookhony (Mauritius) – Economist & Senior Advisor
- Sherif Nessim (Egypt) – Founder & Managing Director, Jedar Capital
- Linda Wayoe (Ghana) – Director, AM Group & Board Member UK-Ghana Chamber of Commerce
- Mariam Kamel (Egypt) – Manager, AUC Angels
- Horesia Nyawade (South Africa) – CIO & Co-Founder, Vuuqa
- Muhammida El Muhajir (Ghana) – Global Brand Strategist
Conceptualised by Afrigrants Foundation, Pitch School Africa is an annual youth entrepreneurship event that trains young entrepreneurs on how to pitch their business ideas to potential investors. Over 200 students across Africa participated in the Pitch School Africa 2021 stream, which has now been narrowed down to just 4 BIG ideas that will be featured at the Grand Finale. The 4 Finalists that will pitch their business ideas at the 2021 InnoPower Going Global are; Gualo Confidence (Nigeria) – Gualocian fish processing, Budani Bulayani (Botswana) – Budzi Products, Favour Adeleke (Nigeria) – Qiqi Farms and Oluwatomilola Mustapha (Nigeria) – Raytreat.
The Pitch Jury are;
- Ronda Taylor, PhD Department Chair Entrepreneur Program, Ivy Tech Community College-Central Indiana.
- Dr. Kristin Burton Asst. Professor, Entrepreneurship, College of Business, Purdue University.
- Joe Albano, Principal Logika International LLC.
The winner will be awarded the grand prize of $5000 with a one year mentorship from the finest business developers across the world.
Over the past 12 months, businesses have faced remarkable challenges due to global economic meltdown and the COVID-19 pandemic crisis. Many ventures were forced to shut their doors through legislation and other circumstances. Some managed to survive by thinking out of the box and adapting to the changing and dire times. Business Africa Online (BAO) with the support of InnoPower, LLC (USA) will be recognising and awarding three (3) African resilient startups that have pulled out all the steps to grow back better through the pandemic in Africa. The awardees will get a support grant of $500 each with an acceleration program led by global business developers.
“Our strategic partnership with InnoPower, LLC (USA) is to support and further drive its Going Global Initiatives here in Africa. Also to reaffirm our commitment to connect African entrepreneurs and businesses with US-based investors. We are inspired and motivated everyday by the incredible African (Social) entrepreneurs and investors within our community and their desire to impact the world positively.” says Alaba Ayinuola, Founder & CEO of Business Africa Online
To register for this virtual summit, please visit bit.ly/InnoPowerGoingGlobal2021
AI for Good Global Summit founder Stephen Ibaraki confirmed as AI Expo Africa 2021 keynote speaker
AI for Good Global Summit founder, Stephen Ibaraki (Source: AI Expo Africa)
AI for Good Global Summit founder, Chairman of the AI for Good Outreach Committee, industry analyst, venture capitalist and serial entrepreneur Stephen Ibaraki has been confirmed as a keynote speaker for AI Expo Africa 2021 ONLINE which takes place 7th to 9th September.
Ibaraki is the first VIP keynote speaker to be confirmed for AI Expo Africa 2021 ONLINE. In his keynote address, entitled, “5th Machine Age Driving Digital Reshaping” he intends to explore the “Society 5.0” and “Smart Humanity”.
Ibaraki who is a 16 time recipient of the Microsoft Most Valuable Professional (MVP) award, most recently in the Artificial Intelligence (AI) category, is also the chairman and managing general partner of REDDS Capital. In addition to more than 300 awards and recognitions as well as over 300 global engagements impacting over $100-trillion in sustainable investments, Ibaraki is also a contributor for IT World Canada and Forbes on issues around AI.
Ibaraki’s keynote abstract states, “In popular stories about Chaos Theory, the wing beats of a butterfly in Geneva, are connected to the violent storms in your hometown in Africa. Global ecosystems, all interconnected thus force multiplied and amplified, are at an historical inflection point. These are founded on technology acceleration, with more disruption in 5 years, than the last 10,000 years. This Digital Reshaping will forever change governments, industry, academia, education, investments, startups, media, society, culture, our lives and our children’s future. What will the world look like, advanced by Smart Humanity, Society 5.0, 5th Machine Age, AI and innovation trends addressing global challenges and opportunities? What are the exponential change making innovations you must track, implement, and resources you must use to ensure success and not failure during these chaotic next five years?
Now entering it’s fourth successful year, AI Expo Africa is Africa’s largest B2B / B2G AI, RPA and 4IR smart tech trade event and conference, with the 2021 edition building to be the biggest yet with over 5000 delegates registering interest and expected to join the three-day online event.
Dr Nick Bradshaw, founder of AI Expo Africa and CEO of AI Media Group commented, “It’s a real honour to welcome Stephen as one of our VIP keynote speakers. We have been working with the ITU, Geneva since 2019 around partnering with the global AI4Good movement and the Africa region and this is another great commitment towards growing collaborations around AI4Good in our region. This announcement follows the recent conclusion of the first African focused ITU AI4Good Innovation Factory Challenge that received 44 applications from 12 African countries & 5 finalists using AI-powered innovation for diverse sectors in Africa covering Fintech, Agritech, Cleantech, and Insurtech.”
Over 30 organisations have so far signed up to exhibit at the expo. These include headline event partner Intel, Darktrace, Future Tech, Automation Anywhere partner 1ai, The Embassy of Switzerland in South Africa, InstaDeep, Aizatron, IBA Group, Zindi, Versus, Comparisure, Robotiq AI Africa, ecosystem Ai, Cognizance, Inspired Testing, Atura, Amathuba AI, COGO People Analytics, Elzware, WizzPass, Fliptin, Kosa AI, Learning Machines, Social Lab, Ashanti AI, and Curacel. In all about 80 speakers will make up the speaker list at AI Expo Africa 2021 ONLINE, with more keynotes set to be announced in the coming weeks.