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OPPORTUNITY: Alibaba’s Jack Ma offers $1m to African entrepreneurs

Calls for entry has begun for the 2019 Africa Netpreneur Prize initiative (ANPI), a fundraising programme created by Chinese billionaire and co-founder of Alibaba Group, Jack Ma. Click to see how you can apply.

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Africa Netpreneur Prize Initiative

Calls for entry has begun for the 2019 Africa Netpreneur Prize Initiative (ANPI), a fundraising programme created by Chinese billionaire and Co-Founder of Alibaba Group, Jack Ma, to support African businesses.

The initiative was created by Jack Ma to identify Africa’s entrepreneurs from all sectors and age groups, and support traditional and tech-driven businesses across the continent with a total grant prize worth $1 million.

Successful applicants who make the final ten will also have the opportunity to pitch their stories to the world-renowned businessman, Jack Ma, and several other business leaders around the world.

Who can apply?: Entry is open to citizens of 54 African countries and entrepreneurs of any age group and operating in any business sector. The applications process opened on March 27, 2019, and will close on June 30, 2019.

Selection process

In August, the top 50 applicants will be shortlisted and announced after a series of screenings at different levels. The next announcement in October will unveil the 10 final businesses to compete at the grand finale.

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The Prize, which is led by the Jack Ma Foundation, will host a grand finale pitch competition in November 2019, involving the ten finalists who will jostle for $1 million.

The ANPI objective is to create a community of about 100 young African entrepreneurs who will receive a total of about $10 million grants by 2030.

Among the advisory board are: Graca Machel, Chair of the Graca Machel Trust Board, and Ban Ki-moon, 8th Secretary-General of the United Nations.

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How to apply?

To partake in the funding programme, prospective applicants should click on the link: 2019 Africa Netpreneur Prize initiative.

Four Nigerian entrepreneurs have already benefited from Alibaba initiatives

Jack Ma created eFounders Fellowship Programme, another initiative to support and empower 1,000 entrepreneurs from developing countries in five years. Among the beneficiaries are four Nigerians.

List of the Nigerians:

  • Tochukwu Uwakeme is the founder of KemResource, an e-commerce company that connects farmers to potential buyers around the globe
  • Chijioke Dozie is the founder of OneFi, a financial technology (fintech) company that provides customers in West Africa access to loans, using machine-learning to assess the credit-worthiness of customers in realtime.
  • Malik Babalola from Gloo, an online supermarket that sells variety of groceries and foods.
  • Olugbenga Agboola from Flutterwave, a company that drives growth for banks and businesses across Africa through digital payment technology.

Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ). In the era of media convergence, Olalekan is a valuable asset, with ability to curate and broadcast news. His zeal to write was developed out of passion to shape people’s thought and opinion; serving as a guideline for their daily lives. Contact for tips: [email protected]

5 Comments

5 Comments

  1. Mukhtar Sani Abubakar

    April 2, 2019 at 2:55 pm

    Comment:Very Good

  2. Mukhtar Sani Abubaoar

    April 2, 2019 at 2:59 pm

    Comment: This effort is excellent .Thanks

  3. Vignonfodo leon

    April 3, 2019 at 6:34 pm

    To be part of entrepreneur

  4. dlamin lindokuhle

    April 11, 2019 at 10:42 am

    Comment:sir can you show me really where I hv to apply coz I’ve been searching for de platform bt I can’t find

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Business

Just-in: NLC, TUC suspend nationwide strike, as FG defers hike in electricity tariff

Hike in electricity tariff to be suspended for 2 weeks, while new pump price of petrol remain unchanged.

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Ayuba Wabba, Why the FG should reverse 6% tenancy, lease stamp duty - NLC

The Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) have suspended the planned nationwide strike and protest that was to commence on Monday, September 28, 2020, over the recent hike in electricity tariff and petrol pump price.

This follows the agreement reached between the Federal Government and the organized labour during the meeting held by both parties which started on Sunday night and dragged on till the early hours of Monday morning.

The disclosure was made by the Minister of State for Labour and Employment, Festus Keyamo, through a tweet post on his twitter handle.

In the agreement between the Federal Government and organized labour, the hike in electricity tariff is to be suspended for a period of 2 weeks, while the new pump price of petrol is to remain unchanged.

According to the agreement, which was seen by Nairametrics, both parties agreed to set up a technical committee on Electricity Tariff reforms, comprising Ministries, Agencies, Departments, NLC and TUC, which will work for a duration of 2 weeks with effect from Monday, September 28, 2020, to examine the justification of the new policy in view of the need for the validation of the basis for the new cost-reflective tariff.

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This is due to the conflicting field reports which appear different from the data presented to justify the new policy by NERC, metering deployment, challenges, timelines for massive rollout.

The technical committee is to be headed by the Minister of State for Labour and Labour, Festus Keyamo.

The terms of reference for the technical committee include;

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  • To examine the justification for the new policy on cost-reflective electricity tariff adjustments.
  • To look at the different Electricity Distribution Companies (DISCOs) and their different electricity vis-à-vis NERC order and mandate.
  • Examine and advice government on the issues that have hindered the deployment of the 6 million meters.
  • To look into the NERC act under review with a view to expanding its representation to include organized labour.

 

 

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Coronavirus

COVID-19 Update in Nigeria

On the 27th of September 2020, 126 new confirmed cases and 2 deaths were recorded in Nigeria

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The spread of novel Corona Virus Disease (COVID-19) in Nigeria continues to record increases as the latest statistics provided by the Nigeria Centre for Disease Control reveal Nigeria now has 58,324 confirmed cases.

On the 27th of September 2020, 126 new confirmed cases and 2 deaths were recorded in Nigeria, having carried out a total daily test of 3,011 samples across the country.

To date, 58,324 cases have been confirmed, 49,794 cases have been discharged and 1,108 deaths have been recorded in 36 states and the Federal Capital Territory. A total of 505,556  tests have been carried out as of September 27th, 2020 compared to 502,545 tests a day earlier.

COVID-19 Case Updates- 27th September 2020,

  • Total Number of Cases – 58,324
  • Total Number Discharged – 49,794
  • Total Deaths – 1,108
  • Total Tests Carried out – 505,556

According to the NCDC, the 126 new cases were reported from 12 states- FCT (30), Lagos (24), Rivers (23), Ogun (13), Katsina (9), Plateau (9), Ondo (6), Kaduna (4), Kwara (4), Imo (2), Bauchi (1), Edo (1).

Meanwhile, the latest numbers bring Lagos state total confirmed cases to 19,239, followed by Abuja (5,674), Plateau (3,388), Oyo (3,254), Edo (2,624), Kaduna (2,397), Rivers (2,347), Ogun (1,836), Delta (1,802), Kano (1,737), Ondo (1,631), Enugu (1,289), Ebonyi (1,040), Kwara (1,032), Abia (891), Gombe (864). Katsina (857), Osun (827),  Borno (741), and Bauchi (698).

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Imo State has recorded 568 cases, Benue (481), Nasarawa (449), Bayelsa (398),  Jigawa (325), Ekiti (321), Akwa Ibom (288), Niger (259), Adamawa (237), Anambra (234), Sokoto (162), Taraba (95), Kebbi (93), Cross River (87), Zamfara (78), Yobe (76), while Kogi state has recorded 5 cases only.

READ ALSO: COVID-19: Western diplomats warn of disease explosion, poor handling by government

Lock Down and Curfew

In a move to combat the spread of the pandemic disease, President Muhammadu Buhari directed the cessation of all movements in Lagos and the FCT for an initial period of 14 days, which took effect from 11 pm on Monday, 30th March 2020.

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The movement restriction, which was extended by another two-weeks period, has been partially put on hold with some businesses commencing operations from May 4. On April 27th, 2020, Nigeria’s President, Muhammadu Buhari declared an overnight curfew from 8 pm to 6 am across the country, as part of new measures to contain the spread of the COVID-19. This comes along with the phased and gradual easing of lockdown measures in FCT, Lagos, and Ogun States, which took effect from Saturday, 2nd May 2020, at 9 am.

On Monday, 29th June 2020 the federal government extended the second phase of the eased lockdown by 4 weeks and approved interstate movement outside curfew hours with effect from July 1, 2020. Also, on Monday 27th July 2020, the federal government extended the second phase of eased lockdown by an additional one week.

On Thursday, 6th August 2020 the federal government through the secretary to the Government of the Federation (SGF) and Chairman of the Presidential Task Force (PTF) on COVID-19 announced the extension of the second phase of eased lockdown by another four (4) weeks.

READ ALSO: Bill Gates says Trump’s WHO funding suspension is dangerous

 

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Entertainment

Laycon wins Big Brother Naija, to go home with N85 million worth of prizes

Laycon wins N85 million worth of prizes from Big Brother Naija, Season 5.

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Laycon wins Big Brother Naija, to go home with N85 million worth of prizes

Laycon has emerged winner of the Big Brother Naija Lockdown Season.

The talented rapper/singer beat 19 other housemates to win the coveted N85million worth of prizes after spending 71 days in the Big Brother house and entertaining millions of viewers across Africa.

Laycon and four other housemates – Vee, Neo, Nengi and Dora, after series of evictions made it to the final week of the season’s reality show.

READ: Multichoice may have raked in N5.1 billion from voting on Big Brother Naija

Getting into the house as the 19th housemate and initially assumed as an underdog in the first two weeks, the 26-year-old UNILAG undergraduate came to be admired by fellow housemates and a lot of viewers, including top celebrities for his intelligence, humility and philosophical quotes.

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Weeks into the show, the young man became the first housemate in the current season to be verified on Twitter and Instagram, and also the first-ever housemate to gain over a million followers on Instagram while in the house.

Winning tonight makes Laycon the 5th winner of the reality TV show since its inception.

READ: Africa may lose $4.8 billion in crop exports due to Coronavirus

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N85 million worth of prizes

  • For winning the show, Laycon will be rewarded with
  • N30million cash prize; an SUV from Innoson Motors;
  • a two-bedroom apartment courtesy of Revolution Plus;
  • a trip to Dublin, Ireland, courtesy of Guinness Nigeria Plc;
  • amazing home appliances courtesy of Scanfrost and other mouthwatering prizes.

Explore Economic and Financial Data on the Nairametrics Research Website

 

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