Axum’s Post

𝐓𝐢𝐦𝐛𝐮𝐤𝐭𝐨𝐨 𝐀𝐟𝐫𝐢𝐜𝐚 𝐈𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞 (𝐓𝐀𝐈) 𝐧𝐨𝐰 𝐥𝐚𝐮𝐧𝐜𝐡𝐞𝐝 Expected to mobilize and invest US$1 billion of catalytic and commercial capital to transform 100 million livelihoods and create 10 million dignified new job, the Timbuktoo Africa Initiative (TAI) to be hosted in Kigali, Rwanda, was launched in Davos, Switzerland, yesterday Wednesday January 17, 2024, and President Kagame committed $3 million to the fund. #RwandaWorks #RwandaForAfrica « In a special session of the #WorldEconomicForum at its 24th Annual Meeting in #Davos, #Switzerland, President Kagame of #Rwanda🇷🇼, President Akufo-Addo of #Ghana🇬🇭, the secretary general of the #AfricanContinentalFreeTradeArea (#AfCFTA) Secretariat, #WamkeleMene and #UNDP administrator, Achim Steiner presented the TAI, which is positioned to be the world’s LARGEST financing facility bringing catalytic and commercial capital together to support Africa’s #startup #ecosystem. […] President Kagame committed $3 million to the fund which will be hosted in #Kigali, Rwanda. "We cannot accept that another generation of African young people do not have the tools to reach their full potential," Kagame said. “With #timbuktoo’s billion-dollar target, we can create more opportunities for Africa’s youth to put their #talent and #creativity to good use.” “For many African countries, our foremost challenge now is to ensure we put in place the right structures to enable young Africans to create innovative and compelling businesses that can contribute significantly to #jobcreation and sustainable economic growth,” highlighted Akufo-Addo. » 𝐒𝐨𝐮𝐫𝐜𝐞: Mark-Anthony Johnson’s post on LinkedIn <https://lnkd.in/d3wyrCa9>

Our dreams and abilities are heavily influenced by the experiences and exposures we've had. 🏌️ Here's a question: How many of your friends are good at playing golf? If you asked me, my answer would be zero. Why? Because there isn't a single golf course in my district, not even in the entire province. Let's leave golf aside and talk about business and innovation. 🌟 Our dreams are proportionate to the experiences and exposures we've had. This 50-second video by Alex Ntale speaks volumes to me. 🏡 I was born and raised in a district next to Nyagatare. 🕒 If you add up all the time I've spent in Nyagatare, it’s roughly 8 years. I spent half of my high school and college years there and worked in the district for almost a year. 📚 So, I know a thing or two about this largest district in Rwanda. 🤝 While I was there, I often interacted with ambitious talents and innovative individuals. Of course, in my spare time, I would simply sit and chug real milk 🥛 💬 From my experience, I can definitely support the saying Ntale mentioned in the video: "𝗧𝗮𝗹𝗲𝗻𝘁 𝗶𝘀 𝗲𝗾𝘂𝗮𝗹𝗹𝘆 𝗱𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗲𝗱, 𝗯𝘂𝘁 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆 𝗶𝘀 𝗻𝗼𝘁." 🚀 If we want to embrace innovation, creativity, diversity, and other vital elements to stimulate growth, then we must decentralize opportunities, especially for young people. I am truly moved by the #Hanga initiative that enables young people to build innovative solutions. 💡 Let's keep supporting talent by providing access to enabling infrastructures and exposing them to learning and acceleration programs. Can't wait to see more innovative entrepreneurs emerging from my home province. 👏 I proudly appreciate the people behind brilliant youth-focused initiatives like Hanga PitchFest, Ingazi, and #YouthConnekt. 📹 VC: Alex Ntale, CEO of Rwanda ICT Chamber #BusinessInRwanda

From overcoming adversity as a dropout raised by a single mother, she founded her company to empower youths with transformative opportunities Meet Dr Noeline Kirabo (PhD), the founder of Kyusa, Uganda. Launched in 2014, Kyusa is an organization that empowers and enriches the lives of marginalized youth and women through enterprise development. Kyusa is a game-changer that offers a unique solution to the problem of supporting young entrepreneurs in low-income communities through its three key strategic pillars: - Adopt - Build - Connect Through its financing programs, Kyusa provides in-crisis small or micro-businesses led by youth entrepreneurs with the operational capacity they need to increase production and access financing options that enable them to scale. As an Entrepreneur Support Organization (ESO), they offer a comprehensive suite of business training, coaching, and incubation services to micro and small businesses in underprivileged communities, including urban slums, rural areas, and refugee camps.   Their mission is to cultivate and support entrepreneurial growth, enhancing the survival rate and accelerating the expansion of micro and small enterprises (MSE). Their business support services are designed to foster personal and professional growth, building valuable business competencies, expanding networks, and providing access to market opportunities.   Noeline and her team are driven by a vision of creating a better future for young people by identifying and nurturing their passions and turning them into profitable, scalable, and sustainable enterprises. To learn more about Dr Noeline and her company, click the links in the comment. #uganda #africa #todayafrica #africanstories #africanentrepreneur #storytelling

AEG’s star portfolio company, Panda Africa, is welcomed by the Deputy National Youth Chairman of Zambia’s current presidential party to Foster Youth Entrepreneurship in #Zambia. In a pivotal meeting between Mr. Stephen Chikota, Deputy National Youth Chairman for Administration, and a delegation from Panda Africa Solutions Investment, the stage has been set for a groundbreaking collaboration aimed at empowering Zambian entrepreneurs, both seasoned and budding. Panda Africa specializes in providing money lending services and is eager to extend its support to Zambian entrepreneurs, particularly focusing on the youth and women. The meeting, held with the purpose of exploring opportunities for partnership, unfolded with the delegation's leader outlining Panda Africa's vision for fostering entrepreneurship in Zambia. Panda Africa stands poised to offer funding ranging from 0 to 100% on a profit-sharing basis, a unique approach that distinguishes it from conventional lending institutions. The delegation leader emphasized that Panda Africa is committed to the success of its partners, opting for a profit-sharing model rather than imposing interest rates. This model is designed to ensure a symbiotic relationship where both parties benefit from the success of the venture. As Panda Africa expands its operations across all districts in Zambia, the collaboration holds the promise of reaching and uplifting a broader spectrum of entrepreneurs. The focus on youth and women entrepreneurs further underscores the commitment to inclusivity and empowerment, addressing societal imbalances and fostering a more dynamic and resilient economic landscape. The meeting between Mr. Stephen Chikota and Panda Africa represents a beacon of hope for Zambian entrepreneurs. The prospect of accessible funding and a unique profit-sharing model opens new doors for those seeking to bring their business ideas to fruition. As this partnership unfolds, it has the potential to not only transform individual lives but also contribute significantly to the economic prosperity of Zambia as a whole. #Africa #africainvestment #africaninvestors #africansmes #africanbusiness

𝗙𝗡𝗕𝗕 𝗜𝗡𝗧𝗥𝗢𝗗𝗨𝗖𝗘𝗦 𝗡𝗘𝗪 𝗣𝗥𝗢𝗚𝗥𝗔𝗠𝗠𝗘 𝗧𝗢 𝗕𝗢𝗢𝗦𝗧 𝗦𝗠𝗘 𝗦𝗘𝗖𝗧𝗢𝗥 This morning, First National Bank Botswana (FNBB) unveiled the FirstPreneur Development Programme, an innovative collaboration with The Neo Hub. This strategic initiative aims to stimulate growth and foster innovation within Botswana's Small and Medium Enterprise (SME) sector. FNBB's objective is to nurture, support, and accelerate entrepreneurship, focusing particularly on empowering youth and women to build sustainable businesses. "Our collaboration with The Neo Hub represents a powerful synergy, a union of vision and purpose. This initiative leverages the strengths of both organizations to create a synergistic force that will undoubtedly accelerate the development of SMEs across Botswana," stated FNBB Chief Executive Officer Steven Bogatsu. Karabo Gare, the Minister of Entrepreneurship, underscored the centrality of entrepreneurship in Botswana’s economic strategy, highlighting its role in driving economic expansion and innovation. "Entrepreneurs are pivotal drivers of our economy, making substantial contributions to our GDP and strengthening value chains in critical sectors such as mining and agriculture," emphasized Gare. #weekendpost #Insightful

This here is Mellanie. And this photo was taken this afternoon as we capped a year of hard work and achievement in celebration with our entrepreneurs in Nairobi. At the office, we fondly address her as Mama AFAWA. And there is a big-little story to it. The African continent has the highest percentage of women entrepreneurs in the world. Through its flagship program, AFAWA (Affirmative Finance Action for Women in Africa), The African Development Bank retained Transformational Business Network Africa to support (by way of training, mentoring and access to capital) 100 women-owned businesses. AFAWA is a pan-African initiative to bridge the $42 billion financing gap facing women entrepreneurs in Africa. Once I signed the dotted line, I effectively handed “the project” to Mellanie, and walked away - amidst obvious protest. But my oh my, has Mellanie outdone herself! To date, we have more than doubled the number of women entrepreneurs we support. In fact, the ratio of male to women entrepreneurs in our fold is now 1:1. It is a documented fact that women in leadership roles increase team productivity by a whooping 20 percent. And that women reinvest up to 90 percent of their income in the education, health and nutrition of their families, and wider community. (Men only re-invest 40 percent). Helping these women-led businesses to grow and scale by way of training, mentoring and providing access to capital is therefore not just the right thing to do. It is, in fact, the profitable thing to do. And thanks to the leadership of Mellanie, this is a growing reality for us. #impactinvesting #entrepreneurship #africa

From overcoming adversity as a dropout raised by a single mother, she founded her company to empower youths with transformative opportunities Meet Dr Noeline Kirabo (PhD), the founder of Kyusa, Uganda. Launched in 2014, Kyusa is an organization that empowers and enriches the lives of marginalized youth and women through enterprise development. Kyusa is a game-changer that offers a unique solution to the problem of supporting young entrepreneurs in low-income communities through its three key strategic pillars: - Adopt - Build - Connect Through its financing programs, Kyusa provides in-crisis small or micro-businesses led by youth entrepreneurs with the operational capacity they need to increase production and access financing options that enable them to scale. As an Entrepreneur Support Organization (ESO), they offer a comprehensive suite of business training, coaching, and incubation services to micro and small businesses in underprivileged communities, including urban slums, rural areas, and refugee camps.   Their mission is to cultivate and support entrepreneurial growth, enhancing the survival rate and accelerating the expansion of micro and small enterprises (MSE). Their business support services are designed to foster personal and professional growth, building valuable business competencies, expanding networks, and providing access to market opportunities.   Noeline and her team are driven by a vision of creating a better future for young people by identifying and nurturing their passions and turning them into profitable, scalable, and sustainable enterprises. To learn more about Dr Noeline and her company, click the links in the comment. Follow Today Africa for more content on Africa. #uganda #africa #todayafrica #africanstories #africanentrepreneur #storytelling

Let’s talk about entrepreneurship during the #GEW

#GLOBALSOUTHALERT: #MORTGAGEE (TYPICALLY A LENDER SUCH AS A #BANK) NOT A #TRUSTEE FOR THE #MORTGAGOR (#BORROWER) –"It is well settled that a mortgagee is not a trustee of a power of sale for the mortgagor. Once the power has accrued, the mortgagee is entitled to exercise it for his own purposes whenever he chooses to do so. It matters not that the moment may be unpropitious and that by waiting a higher price could be obtained. He has the right to realize his security by turning it into money when he likes. [ See: Cuckmere Brick Co. Ltd Vs Mutual Finance Ltd [1971] Ch. 949 ] ; FOR FURTHER DETAILS, CLICK LINK: https://lnkd.in/egccdq4d TAGLINE: "#TREASURE THE #PEARL , RIDE #SPECIAL #MOBILITY." LINK: https://lnkd.in/dQeAywjs VISION STATEMENT: "WHOLE BUSINESS SECURITIZATION (#WBS) FOR #AFRICA AND #BEYOND."

Africa’s urban population has increased by 500 million – that’s more city dwellers than in all European cities combined 🌅 But there’s much more – Africa’s industrial output has doubled in the last two decades, Kenya’s M-PESA Africa has been doing branchless banking before “fintech” was even a word in Europe or in North America 😎 There are so many things we can learn from Africa – and so many opportunities that can flourish with more exchange and cooperation 🌱 Let’s do it 💪