Called the ‘Amazon of Africa,’ the Africa Internet Group just raised $326 million in funding, reports TechCrunch.[Related: Join Black Women “Getting in Formationâ€ to Advance Nutrition and Agriculture for International Women’s Day]With a valuation of over $1 billion, AIG is Africa’s first ‘tech unicorn.’ AIG is the parent company of e-commerce platform Jumia that includes over 71 companies in over 8 different verticals, including food delivery, retail, real estate and travel.AIG is backed by Rocket Internet, a German-based Internet company. With this backing, AIG has been able to provide many goods and services to Africans in even the most remote regions. In addition, the AIG platform has created a lush environment for creating and nurturing African entrepreneurs.An example of one such entrepreneur, is Bankole Cardoso, the founder of Easy Taxi, Nigeria. Easy Taxi is a rival of Uber’s and is the world’s most downloaded taxi app, with more than 20 million users in 420 cities across 30 countries.Jumia said it intends to use the funds to support its continued growth, and to execute on attractive development opportunities in Africa, along with AIG’s other e-commerce platforms, reports the Premium Times.AIG investors see the African continent as a prime area for e-commerce growth. From TechCrunch:Unlike some of Rocket Internet’s vertical plays, Jumia covers fashion, electronics and more. The idea is to put a tent pole down in Africa’s emerging online commerce early on, and then reap the rewards as increased Internet access and growing middle classes increase demand for e-commerce. That’s the same blueprint Rocket Internet companies employ in Latin America, Asia and other places, but Africa is a more extreme testbed.Jules Frebault, of the special situations group at Goldman Sachs, London, said in a statement, “We are impressed by AIG’s pan-African operations and execution capabilities, and believe the combination of strategic partners and management’s demonstrated expertise uniquely position the company’s ecosystem to play a leading role in the development of Africa’s online economy.â€African technology innovation has been capturing a lot of attention, as of late. VC4Africa, a startup funding platform, reported last year that invested capital for African startups doubled since last year to $26.9 million. The average amount of investment also increased, from $130,000 to more than $200,000 in the last year.The organization cited three key factors for the growing interest in African tech investment: an increased interest from members of the African diaspora to invest in startups in countries of their origin; the increase in angel investors; and a widespread appetite for cross-border investing in Africa.The continent also holds 15% of the world’s population–a sizable consumer base that any business (and its investors) would covet. What’s New in TechnologyLatest News for EntrepreneursOur Best Videos be_ixf; php_sdk; php_sdk_1.4.18 https://www.blackenterprise.com/nigerian-startup-africa-internet-group-raises-326-million-in-funding/ https://www.blackenterprise.com/nigerian-startup-africa-internet-group-raises-326-million-in-funding/
By FFWPU/WFWP Italy, Elisabetta Nistri: On October 12, at the Peace Embassy in Rome, we had a meeting entitled: “Building Peace: from the Peace within yourself to World Peace”.The meeting was organized by Dr. Evaldo Cavallaro, a psychologist, psychotherapist and peace ambassador, together with Elisabetta Nistri, WFWP president for Italy and Giuseppe Cali, UPF president for Italy.The participants were: Chiara Gambino, Adriana Vitale, Sandra Siciliano, Laura Lombardozzi, Umberto Angelucci and Victoria Chioma, plus about 20 guests.It was an informal meeting, where every speaker expressed their own experiences on the theme, opening their heart, sharing their difficulties, struggles and realizations on the path towards conquering inner peace and peace among people.Umberto Angelucci, UPF director for the Middle East, spoke about the difficulty to speak about peace in countries where people have been suffering for many years and bear deep wounds that are hard to heal. Nevertheless the only solution is to overcome the resentment and reach peace.Elisabetta Nistri presented the goals and activities of WFWP and shared her personal experience saying that sometimes even in the family there might be confliction, tension and misunderstanding. In such moments, she has found great help by praying, talking to God, understanding that God is the greatest psychologist.Dr. Evaldo Cavallaro led the meeting very well with humour and sympathy! The meeting went on with lots of chatting and good company during dinner.
Shirley Ann Jackson Highest Paid College President7 Simple Facts About Saving MoneyFun Facts About Millennials and Banking On last weekend’s episode of Saturday Night Live, comedian Leslie Jones performed a “Weekend Update” skit that made a great point–we’re not taught enough about the contributions of African Americans to society. Some of Jones’s dialogue from the sketch:I thought [Hidden Figures] was going to be “The Help” in space. I’m so glad I watched the movie; it taught me something I never knew. Black women helped astronauts go to space. We should learn black history all year round and teach it to everybody. Like did y’all know a black man invented the traffic light? I just learned that [..] and get this, a black person invented the mailbox…Guess what else a black person invented? Caller I.D. and Call Waiting! It was invented by Dr. Shirley Jackson. Here are seven interesting facts about Shirley Ann Jackson:She is currently the president of the prestigious Rensselaer Polytechnic Institute. She’s also the highest-paid president of a private college.She is a theoretical physicist and held senior leadership positions in academia, government, industry, and research.She has a B.S. in Physics and a Ph.D. in Theoretical Elementary Particle Physics, both from MIT.She is the first African American woman to receive a doctorate from MIT, and the first African American woman to serve as president at a top-ranked research university.Her invention of the technology responsible for Caller ID and Call Waiting stems from days at AT&T Bell Labs where she conducted research in theoretical physics, solid state and quantum physics, and optical physics.She has been awarded 53 honorary doctoral degrees.She was awarded the National Medal of Science, the nation’s highest honor for contributions in science and engineering by President Obama in 2015.Jackson was also a past Black Enterprise’s Women of Power Legacy Award Winner. She is a strong advocate of diversity not only in technology and the sciences but also at the corporate executive levels and in boardrooms.“I think one can obviously say the diverse perspectives are very important to the functioning of a great company and particularly one that accesses diverse markets,” she said in the July/August 2016 edition of Black Enterprise magazine. be_ixf; php_sdk; php_sdk_1.4.18 https://www.blackenterprise.com/seven-facts-shirley-jackson/ https://www.blackenterprise.com/seven-facts-shirley-jackson/
photo via AP Get a compelling long read and must-have lifestyle tips in your inbox every Sunday morning — great with coffee! By Spencer Buell· 5/25/2017, 9:04 a.m. Sign up for Boston Daily. News. Commentary. Every day.* Print Watch Joe Biden’s Speech at Harvard The former vice president addressed graduates, wore some shades. 066 Former Vice President Joe Biden spoke to soon-to-be Harvard grads Wednesday at the college’s 2017 Class Day ceremony, where he urged students to pursue careers in public service and to be proud of their accomplishments at the prestigious Cambridge institution.“Don’t fool yourself into thinking that disengaging from the system that you think is broken will hold you harmless from the system’s failures,” Biden said in his speech, according to a summary in the Harvard Gazette. He also cited a recent study from the Harvard Crimson that showed undergrads were not hopeful about the direction the country is headed and are steering away from jobs in government. “[O]ne thing I’m absolutely certain — absolutely certain — of is this graduating class, this generation, is fully and completely capable of changing the trajectory of this country today. You’re better equipped to tackle the challenges that lie ahead than my generation was. You’re the best educated, most talented, most engaged generation this country has ever, ever produced. That is not hyperbole. That is a fact.”Biden, who has embraced his status as the most-memed vice president in American history, also sported a pair of aviators and grinned for a selfie with College Dean Rakesh Khurana. “Let’s break the internet!” he said.The Class of 2017 will hear from Mark Zuckerberg, the Harvard dropout who founded Facebook, on Thursday afternoon.