Browsing: microsoft

Under the African Development Bank’s Youth Entrepreneurship Investment Banks (YEIB) Initiative, Microsoft is expanding its relationship with the African Development Bank to support Africa’s youth entrepreneurs.

Microsoft will collaborate with the bank through its African Transformation Office (ATO) to promote youth entrepreneurship ecosystems, create jobs, and significantly scale impact in Africa through digital inclusion.

  • Under the African Development Bank’s Youth Entrepreneurship Investment Banks (YEIB) Initiative, Microsoft is expanding its relationship with the African Development Bank to support Africa’s youth entrepreneurs.
  • Through a public-private partnership model, the alliance aims to assist the creation of national institutions that will scale up financial and technical support for young entrepreneurs and increase their capabilities.
  • The Youth Entrepreneurship Investment Bank will implement a funding scheme, a loan guarantee scheme, and practical assistance programmes in collaboration with private sectors and partners to strengthen service providers to entrepreneurs.

By 2050, Africa’s young population is predicted to double, …

With tech giants like Google, Visa, Microsoft, and East Africa’s biggest telco Safaricom snapping up tech workers on the market, the tech skills gap in Africa is becoming a challenge.

This shortage has driven companies like Adanian Labs to come up with ways to close the gap. This is in addition to improving the digital and tech skills of the techies whom the multinationals are targeting.

Adanian teamed up with US tech company, Nvidia, last year to train 4,000 AI engineers in Africa (through AICE) over the next few years. The partnership would also see the two companies work on other projects together.

Adanian Labs has also recently teamed up with LBank, a cryptocurrency exchange, to build a community of crypto and blockchain developers in Africa. Through ABC, they will also run a crypto accelerator that will help African entrepreneurs build the next generation of start-ups.

The venture studio …

  • The Google product development centre in Nairobi has been launched weeks after Visa set up its first innovation centre in Africa
  • Google, Microsoft and Visa join Cisco and Philips in setting up innovation centres strengthening Kenya’s Silicon Savannah moniker
  • Visa’s innovation studio is the first in Africa and the sixth globally

The Google product development centre in Nairobi, Kenya has launched just two weeks after Visa set up its first innovation centre for the co-creation of payment and commerce solutions with partners.

Google, Microsoft and Visa join Cisco and Philips in setting up innovation centres strengthening Kenya’s Silicon Savannah moniker and as a tech investment hub in East Africa.

The tech giant’s facility, the first of its kind on the continent, is to create products and services that will have a significant impact on the African continent and beyond.

Besides the research and development centre, Microsoft has also …

2021 was a significant year for venture-backed companies worldwide, investing more than US$ 675B into startups globally, with more than US$5B allocated to African startups
VCs have been keenly eyeing a spectrum of sectors from fintech, edtech, biotech, health tech, insurtech, mobility, logistics, e-commerce, crypto, connectivity, proptech, software and mobile commerce
A report from Partech further reveals that more than 600 tech companies in Africa, raised US$5.2B from venture capitalists in 2021. 

Striking whilst the iron is hot, is the shrewd move that Venture Capitalists (VC) ...

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Over 30 million people from 249 countries and territories have been helped by Microsoft to acquire relevant digital skills owing to the evolving technological job market. Microsoft has surpassed its initial goal of helping 25 million last year in June. Microsoft is also extending the company’s commitment to help 250,000 companies make a skills-based hire in 2021.

Since the outbreak of Covid-19 many companies, state public departments to private owned factories saw many employers lose their jobs due to financial restraints brought about by the pandemic. From this laid-off factory workers to retail associates and truck drivers, millions of people worldwide have since turned to online learning courses from GitHub, LinkedIn, and Microsoft during the pandemic to help prepare for and secure the most in-demand roles, including customer service, project management and data analysis.

The announcement, detailed on the Official Microsoft Blog, builds on the company’s efforts to help people …

More start-ups across Africa will now have access to Microsoft software, services, funding, mentorship and technical support to help them scale and secure investment. Microsoft through its 4Afrika Initiative, has collaborated with SeedstarsGrowthAfricaAfriLabs and DEMO Africa to achieve this.

Microsoft, African youth to benefit from Microsoft and AfDB coding platform through its Microsoft for Start-ups initiative, has announced the launch of its Global Social Entrepreneurship programme at a plenary session of the Sankalp Africa Summit 2020.

The Global Social Entrepreneurship programme has benefits aimed at elevating start-ups addressing an important social and environmental challenge through their products, services or operations. As a platform for innovation, entrepreneurship and impact investing, the Sankalp Forum was the ideal place for Microsoft, a strategic partner of the forum, to make this important announcement.

“Solving global social and environmental challenges requires synergy of the right technology, partners, conducive environment and …

The U.S. Department of State gathered a group of private sector representatives to explore investment and collaborative business opportunities in Ethiopia, during the Global Entrepreneurship Week.

A week was spent by the Partnership Opportunity Delegation (POD) engaging with government leaders, private sector entities and Ethiopian entrepreneurs to understand the challenges and opportunities facing Ethiopian innovators and share expertise on how the country can better provide an enabling environment for tech and startups. The delegation included more than 15 companies representing Japan, United States and Sweden.

Also Read: Awash Bank, USAID to help small Agribusinesses in Ethiopia

The Office of Global Partnerships led the POD in exploring opportunities in various sectors of the Ethiopian economy such as digital connectivity, Fintech, creative industry and startups. From these first-hand engagements, several delegates committed to supporting Ethiopia’s economy in tangible ways through workforce development, social entrepreneurship, startup investment, exploring opportunities for telecom privatization …

The world top-notch technology firm Microsoft and African Development Bank (AfDB) have launched the digital training platform for African youth, named –Coding for Employment.

The platform is expected to provide digital skills to youth.

According to the a statement from the AfDB, the platform was launched during the 2019 African Economic Conference in Sharm El Sheikh- Egypt, with the sole aim of promoting a continuous learning culture among young people and build their capacity to share the future of the continent.

Africa has nearly 420 million youth, which almost one-third of them are unemployed and 10 to 12 million youth enter the workforce every year to find only 3.1 million jobs created, hence—AfDB data show that, by 2050 youth in Africa will double to 830 million.

The African Development Bank Group is Africa’s premier development finance institution, with a rather strong foothold in supporting African nation’s development initiatives. It …

Microsoft has appointed Harvard trained Jack Ngare as the managing director Africa Development Centre in Kenya that the company launched in May 2019.

With more than 15 years of experience in various business functions, Ngare joins Microsoft from Finserve Africa part of Equity Group where he served as managing director.

Ngare brings a wealth of in-depth knowledge around topics like management, telecommunications, financial services and emerging technology. Prior to his work at Finserve Africa, Ngare held the position at Stanbic Bank, NIC Bank, as well as spending seven years at British Telecom with assignments in the UK, Saudi Arabia, Peru and Japan.

He holds a Master’s degree in management from Harvard University, a Master’s degree in advanced computer science and a Bachelor’s degree in computer science from the University of Leicester.

“The ADC is unlike any other existing investment on the continent, helping us better listen to our customers, develop …

Microsoft has unveiled plans to set up a technology development centre in Kenya.

The American technology giant Microsoft Corporation unveiled its plans during a meeting hosted by President Uhuru Kenyatta at State House Nairobi.

Top executives of Microsoft led by Vice President for Gaming Phil Spencer said the Africa Development Centre will serve the Eastern Africa region.

According to a statement from Strategic Communication Unit (PSCU), the technology centre, the seventh globally, will not only be the corporation’s gateway to the region, but carries huge potential for jobs and business opportunities for tech-savvy Kenyan youth in the various ICT specializations.

Mr Spencer said, as a start, the corporation will soon absorb 100 local engineers, vacancies that were announced in March.

President Kenyatta welcomed the new initiative and assured Microsoft of his full support.

“You can count on my 100 per cent support. I want this to be a transparent partnership …