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Google and Facebook could be caught in the US-China trade war

There are reports that the Trump administration is considering tariffs on networking equipment from China. That could spell trouble for companies that buy Chinese components for their global cloud computing operations, such as Google (GOOG), Facebook (FB) and Amazon (AMZN), analysts say

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There are reports that the Trump administration is considering tariffs on networking equipment from China. That could spell trouble for companies that buy Chinese components for their global cloud computing operations, such as Google (GOOG), Facebook (FB) and Amazon (AMZN), analysts say.

And chip makers such as Intel (INTC) could face tariffs on computer chips. US companies often send mostly finished chips to China for assembly, testing and packaging. Those companies could pay a penalty when those chips are shipped back into the country.

So far, US tech giants have largely stayed out of the trade fight. The threat of tariffs on tech products from China could force Silicon Valley leaders to be more vocal about their concerns.

Read Also: An app that can find anyone anywhere is born

“[As you see] what types of products they’re hitting, I think it becomes a lot more tangible, and a lot more real” for tech companies, said Daniel Ives, chief strategy officer and head of technology research at GBH Insights.

Modems and routers are on a list of Chinese goods worth $200 billion that could face 10% tariffs in the United States after August 30. A tariff on those products could also hurt the tech industry, which uses huge IT networks to deliver products and services around the globe.

China accounted for almost half of the roughly $23 billion of IT network gear the United States imported in the 12 months through April, according to Panjiva, a global trade research company owned by S&P Global Market Intelligence.

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ADB launches mapping project for African women entrepreneurs

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The African Development Bank (ADB) has launched a mapping project targeting 160 women entrepreneurs’ associations in 16 African countries.

The mapping project which is supported by the Bank Group’s Affirmative Finance Action for Women in Africa (AFAWA) initiative and Gender Equality Trust Fund (GETF) will strengthen the associations’ visibility, improve their institutional capacities, and facilitate access to financing, according to ADB’s Vice-President for Agriculture, Human and Social Development, Beth Dunford.

In a statement issued by the Bank, the initiative is an important step in its commitment to supporting African women entrepreneurs, promoting women’s economic empowerment and boosting inclusive growth in Africa.

Dunford who officially launched the project at a ceremony in Abidjan which was attended by several associations, umbrella organizations and coalitions of women entrepreneurs, alongside about two hundred others who joined virtually, said it was the ADB’s plan to promote collaboration and networking with women entrepreneurs in the continent.

“The African Development Bank’s Action Plan for Engaging with Civil Society 2024-2028 illustrates our commitment to inclusivity, transparency and accountability,” stated Dunford.

Also speaking at the launching, Zeneb Touré, head of the Civil Society and Community Engagement Division at the Bank, said:

“Associations of women entrepreneurs are catalysts for reforms and innovations that support female entrepreneurship and facilitate women’s access to the economic resources they need to realize their full potential.”

Ms. Dagou Yvonne Nivine Gadji, representing the SEPHIS Foundation which facilitates access to Bank funding for women-led SMEs in sub-Saharan Africa, emphasized that the associations identified for the mapping project would be “catalysts for reforms, a boost to women’s empowerment and a crucible for building the capacity of several other networks of women entrepreneurs.”

“We are truly concerned about the issue of access to funding. However, it’s very difficult in Africa, because most women don’t have a guarantee for raising the funds they need.

“There are microfinance organizations that support women, but their interest rates are very high. We think that the AFAWA programme, through the Gender Equality Trust Fund (GETF), can help us,” she said.

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Bolt Kenya launches new campaign to celebrate its drivers

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Bolt Kenya has announced the launch of a new reward campaign dubbed, “Drive for a Prize”, aimed at celebrating its top-performing drivers in the country.

The campaign is part of an innovative Driver Reward Scheme designed to enhance driver engagement and empower the driver community by recognising and celebrating their outstanding contributions.

Bolt Kenya Country Manager,
Linda Ndungu, who made the announcement, said the reward campaign came following the success of a similar campaign last year, adding that the company is committed to making this year’s event even more memorable by “partnering with esteemed brands such as Oraimo, Total Energies, Naivas Supermarket, and Samsung Kenya to offer great benefits and rewards to the drivers.”

“Oraimo will offer top drivers premium phone accessories; Total Energies will provide fuel vouchers; Samsung will give them access to phones and Naivas will provide shopping vouchers for all the winners of the campaign,” she said.

“We are excited to launch the second edition of the “Drive for a Prize” campaign. Drivers are the heart of our operations, and it’s vital that we recognise and reward their dedication and hard work,” Ndungu said.

”We believe that initiatives like this will motivate our drivers to work harder, thus enhancing the quality of service for riders. This creates a win-win situation for both the drivers and the business as a whole.”

According to Ndungu, the campaign, which kicked off at the end of June, is set to run for eight weeks until the 23rd of August, during which drivers will have the opportunity to earn points based on their performance.

“The top performers will be feted at an award ceremony, where they will receive their well-deserved prizes and recognition,” she added.

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