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When it comes into effect, the African Continental Free Trade Area (AfCTA) is set to create one of the worlds largest markets with 1.2-billion consumers and a total gross domestic product (GDP) of $2.5-trillion. It is an entrepreneurs dream and provides an opportunity for the new crop of African businesses to deliver their solutions to a continental market. However, Africas very young entrepreneurs are worried that they may miss out on the opportunity brought forth by AfC
During these challenging times, where there is generally a lot of misinformation and information asymmetry around Covid-19 issues, the tech world has become a reputable solution ground to the widespread of infodemic regarding the novel coronavirus in Nigeria. Through technology, Nigerians have come to realise that an effective tool to get timely information and track the spread of the virus is already in their hands. Mobile applications and web platforms have emerged as s
Peer-to-peer learning is one of the best ways to understand any sector and the Anzisha Prize fellows are always sharing insights to ensure that other entrepreneurs grow and learn from their experiences. Bridgelabs co-founder and Anzisha fellow Kola Olajide who was the keynote speaker at this years Anzisha Prize Very Young Entrepreneur and Education Acceleration Summit shares some of the lessons hes learnt on his journey of entrepreneurship. Kola Olajide co-founded Bridgel
Africas high unemployment rate is one of the leading barriers to growth prosperity on the continent. As dire as the current situation is, it is set to worsen with growing numbers of job seekers entering a market that already lacks employment opportunities. According to the World Bank, the youth segment accounts for 60% of total unemployment numbers in Africa. The increasing youth population poses a serious challenge as it is projected to put additional strain on already p
Today, the Anzisha Prize — Africas premier award and fellowship for Africas youngest entrepreneurs — is excited to announce that the 2020 call for applications is now open. Every year, the prize celebrates 20 African entrepreneurs, aged 22 years and younger, each of whom have a chance to win a shared prize of $100 000. The grand prize winner receives $25 000, the first runner-up $15 000, and second runner-up $12,500. Every finalist receives $2500.
Very young African entrepreneurs could be left out of business opportunities expected to be created by the Fourth Industrial Revolution, because of the skills deficit among youth when it comes to new technologies. So, says Cover magazine relationship manager Nape Phaleng. Phaleng was speaking in October during a round-table hosted by the Anzisha Prize team during the Anzisha Prize Forum in October last year. Phaleng pointed out that there is a lack of skills t