Connect with us

Tech

Nigeria’s commodities exchange firm, AFEX, expands to Uganda

Published

on

A Nigerian commodities exchange firm, AFEX, has expanded its business to Uganda after establishing its presence in Kenya in June last year.

The company which leverages on commodities like farm and agricultural producers as well as farmers, according to Abdul-Hafeez Odusanya, the Managing Director, AFEX Uganda, will build on the same model it created in Nigeria and Kenya to make sure Ugandans will benefit from its tech-enabled services.

“I’m thrilled to be leading the next stage of growth for AFEX in East Africa and eager to see how Uganda’s success contributes to AFEX’s portfolio of innovative food system interventions,” Odusanya told journalists at the unveiling of the company in Kampala.

“I’m confident AFEX Uganda will contribute massively to building an inclusive and efficient market system, giving Ugandan farmers the support and infrastructure they need to improve efficiency and access bigger markets,” he added.

Odusanya said going by its estimation, in its first year of operations in Uganda, the firm aims to reach 10,000 farmers and aggregate 15,000 metric tons of commodities, while extending its aggregation, storage, and financial inclusion services to Ugandan farmers and processors.

“This is in continuing our pan-African expansion plans, which we will be implementing by scalable model that combines advanced technology and infrastructure with a unique understanding of Africa’s food systems and local markets to replicate its successes in Nigeria and Kenya to Uganda.

“By working closely with local and international partners, the operation will focus on maize, sorghum, soybeans, barley, and coffee, with maize being the initial priority,” Odusanya said.

Tech

Civil society group says planned online regulation under IBA Act, an affront on media freedom (Video)

Published

on

Chapter One Foundation Executive Director, Linda Kasonde, says the planned online regulation under the new Independent Broadcasting Authority (IBA) Act is an affront to media freedom and freedom of expression.

Kasonde said most of the countries which have regulations in place for online content like Podcasts are well known for dictatorship type of governance.

She said this during the Foundation’s public forum on the IBA Act titled the new IBA Act: “Are media freedoms under threat” in Lusaka on Friday evening.

“It’s worthy listing the countries that regulate online broadcasting and these area as follows China, Eriteria, Cuba, Iran, North Korea, Belarus, Burma and Tagministan and if you pay attention to this list you will notice that these are well established dictatorship,” Kasonde stated.

She urged government not to join such countries which do not respect freedom of expression and in the end deny people access to the right information.

She added that the Cyber Security Act also aggravated the situation in Zambia of inhibiting democratic values and media freedoms.

Kasonde advised that government should not create unnecessary barriers to information that would inhibit the market place to ideas from freely being allowed to flow.

“So if Zambia does decide to enact the new IBA Act what would be the potential consequences to freedom of expression in our country,” she asked.

Kasonde noted that with the existing IBA Act, the country had seen the law weaponised and used to shut down private or independent broadcasters such as Prime TV, Komboni Radio and KBN News.

She said the proposal on regulating public broadcasters which had been getting away with a number of issues as a result of politics was welcome and would be supported and not the regulation of online broadcast.

Continue Reading

Tech

Village Capital partners Norad to launch climate-focused programme in Africa

Published

on

Accelerator programme facilitator, Village Capital, has struck a partnership with Norwegian development agency, Norad, to launch an an ecosystem-building programme aimed at strengthening the capacity and impact of Entrepreneur Support Organisations (ESOs).

The programme known as “Empowering Sustainable Entrepreneurship Africa”, is a climate-focused project which will test-run in Ghana, Kenya, Malawi, Mozambique, and Tanzania, before spreading to other countries in Africa.

According to Rachel Crawford, the Leads Special Projects Director at Village Capital, the initiative will adopt a dual-track approach, firstly equipping community-led ESOs with the technical expertise and resources necessary to foster sustainable growth within their organisations.

She added that the programme will “directly support climate-focused ventures in the priority countries while cultivating a long-term pipeline of high-growth, investable startups advancing solutions in critical areas such as the blue economy, climate adaptation, food security, and renewable energy.”

“ESOs play a crucial role in the entrepreneurial ecosystem, serving as the first line of support for entrepreneurs, acting as both trainer and convener of essential networks such as investors and talent, especially in emerging ecosystems,” Crawford said.

“However, these same ESOs typically operate as the startups they support and often lack the final piece of the puzzle – capital to deploy directly to startups.

“Village Capital aims to address each of these three needs through our unique initiative design by leveraging ecosystem development, enterprise support, and catalytic capital.”

Also speaking on the collaboration, Per Fredrik Ilsaas Pharo, director of Climate and Environment at Norad, said his organisation was excited to partner with Village Capital on Empowering Sustainable Entrepreneurship Africa.

“Entrepreneurs and startups with innovative ideas and services have an important role to play in contributing to the Sustainable Development Goals.

“Today such actors often lack access to financing and technical support due to a number of barriers. We hope that by strengthening the entrepreneurial ecosystem through ESOs, some of these barriers will be overcome.

“This partnership is also exciting for us in that it is multi-sectoral, working on blue economy, renewable energy, food security, and climate adaptation, to deliver the best possible total contribution to innovation and entrepreneurship in Africa,” he said.

Village Capital has operated in Sub-Saharan Africa since 2012, running over 14 accelerator programmes and serving entrepreneurs in 15 countries in the region, while Norad, works with partners across the world to help achieve the UN’s Sustainable Development Goals.

Continue Reading

EDITOR’S PICK

Culture53 mins ago

South African Jazz great Abdullah Ibrahim to embark on world tour at age 90

Renowned South African jazz master and pianist, Abdullah Ibrahim, is set to embark on an unprecedented world tour to celebrate...

Sports1 hour ago

Kenya unveils ‘killer-squad’ for Paris Olympics marathon Ahead of the 2024 Paris Olympic

Ahead of the 2024 Paris Olympic Games kicking off in July, Kenya has unveiled a “killer-squad” for the marathon event....

Tech4 hours ago

Civil society group says planned online regulation under IBA Act, an affront on media freedom (Video)

Chapter One Foundation Executive Director, Linda Kasonde, says the planned online regulation under the new Independent Broadcasting Authority (IBA) Act...

Metro4 hours ago

Clergyman raises concern over abuses associated with digital rights and freedom of expression

Emmanuel Kalulu, a clergy member from the Brethren Christ Church in Choma, has expressed concerns about the misuse of media...

Politics6 hours ago

Nigeria’s Dangote refinery set to get valid operating licence

The Nigerian government has revealed that the 650,000 barrels per day Dangote Petroleum Refinery will soon receive a full operating...

Musings From Abroad6 hours ago

US wants UAE, others to cease support for Sudan’s warring parties

The United States wants all countries, including the United Arab Emirates, to stop helping the warring sides in Sudan, the...

Musings From Abroad6 hours ago

W’Bank chief Banga expects rich nations to meet Africa’s donation expectations

Ajay Banga, President of the World Bank, has said that he thinks donor countries will follow through on African leaders’...

VenturesNow6 hours ago

Kenya: President Ruto assured of fresh IMF disbursement

This would help the economy, which is getting better after avoiding a debt problem earlier this year. Since the government...

VenturesNow7 hours ago

In 30 years, half of Nigerian biscuit companies went out of business— Manufacturers

The Manufacturers Association of Nigeria has claimed that in the last 30 years, half of the companies in the biscuit...

Metro10 hours ago

Nigeria: Expect nationwide blackout for three months if electricity tariff increase is not implemented— Power Minister

Nigeria’s Minister of Power, Adebayo Adelabu, has warned that there would be a nationwide power outage for three months if...

Trending