Why South Africa Suspended Use of AstraZeneca’s COVID-19 Vaccine

AstraZeneca

The South African health authorities have said that the government arrived at the decision to stop administering the AstraZeneca vaccine in the country because it showed less protection there than elsewhere because a SARS-CoV-2 variant that can apparently dodge key antibodies has become widespread. In the wake of the new finding, the country halted plans next week to launch the country’s first immunization campaign with the vaccine and may instead switch to a different one.

AstraZeneca
AstraZeneca

The stakes are high globally for this particular vaccine because its makers, AstraZeneca and the University of Oxford, hope it will be widely used in developing countries; they project they can produce 3 billion doses this year for about $3 each, far more product at a far lower price than any other vaccine shown to offer protection against COVID-19.

Yet the South African trial of the vaccine, conducted in about 2000 people, found such a low efficacy against mild and moderate disease, under 25%, that it would not meet minimal international standards for emergency use. But scientists are hopeful it might still prevent severe disease and death—arguably the most important job for any COVID-19 vaccine. That was impossible to tell from this placebo-controlled trial because it was small and recruited relatively healthy, young people—their average age was only 31. None of the subjects in either arm of the study developed severe disease or required hospitalization. The new results are a “reality check,” Shabir Madhi of the University of the Witwatersrand, the trial’s principal investigator, said at a Sunday evening press conference. “It is time, unfortunately, for us to recalibrate our expectations of COVID-19 vaccines, as well as how we go about deciding how to respond to the COVID-19 pandemic in South Africa as well as globally.”

Read also:African Governments Commends MTN for $25 Million to the African Union’s COVID-19 Vaccination Programme

COVID-19 vaccines made by Johnson & Johnson (J&J) and Novavax have also been shown to offer weaker protection against B.1.351 (also known as 501.V2), the SARS-CoV-2 variant that now causes the vast majority of all infections in South Africa, than against older variants. The vaccines’ efficacy against mild disease in South Africa was 57% for J&J and 49% for Novavax—lower than in any other country they were tested.

But the J&J vaccine, which was put to the test in the largest of the studies, convincingly protected against severe disease and death, even against the B.1.351 variant, and Madhi remains “somewhat optimistic” that the AstraZeneca-Oxford vaccine will, too; the results are not “all doom and gloom,” he said.

SARS-CoV-2–targeting antibodies triggered by the J&J vaccine were “very similar,” he said, to those elicited by the AstraZeneca-Oxford candidate, and the two vaccines are based on a similar technology: Both induce the body to make the spike surface protein of SARS-CoV-2 by delivering its genes in a harmless adenovirus. In a 44,000-person trial, the J&J vaccine prevented 85% of severe cases and completely protected people from hospitalization and death in several countries, including the 15% of the participants who were from South Africa.  

The AstraZeneca-Oxford vaccine has produced confusing results from the start. Earlier preliminary results from trials in different countries showed a wide range of success rates against mild and moderate disease, but researchers have had difficulty interpreting the data because of differences in dose, intervals between doses, and variants in circulation. Just on Friday, a study suggested the vaccine offered strong protection against a more transmissible variant, B.1.1.7, that exploded in the United Kingdom and is now spreading fast throughout Europe.

Read also:South Africans Get Free Data to Users for Downloading the COVID-19 Alert App

In South Africa, the vaccine was given in two doses spaced 21 to 35 days apart. Antibodies made by vaccine recipients can typically “neutralize” SARS-CoV-2, meaning they can prevent it from infecting cells in culture experiments. But lab studies show they have far less power against B.1.351. Madhi stressed that the vaccine may still trigger a powerful T cell response, which can target and eliminate cells the variant manages to infect. He presented a test tube study showing how the mutations in the spike protein that allow B.1.351 to dodge neutralizing antibodies have little impact on T cell responses. “We believe that those T cell responses will still remain intact despite the mutations that exist in a B.1.351 variant,” Madhi said.

The AstraZeneca-Oxford vaccine trial, which ran from June to November 2020, found that starting 2 weeks after the second dose—when participants presumably were fully immunized—19 cases of mild or moderate disease developed among the vaccinated, versus 23 in the placebo group, resulting in an efficacy of 21.9%. That is far below the 50% minimum required for emergency use authorization in many countries.

Researchers sequenced the viruses that infected trial participants and found a strong link between vaccine failure and B.1.351’s explosion in South Africa. In people who received one dose of the vaccine before the variant began to spread widely, efficacy against mild and moderate disease was still a respectable 75%.

Read also:Gijima Acquires South Africa’s T-system

South Africa last week received 1 million doses of the AstraZeneca-Oxford vaccine and had planned to start to offer it to health care workers next week, which would have made it the first COVID-19 vaccine available in the country outside of clinical trials. Epidemiologist Salim Abdool Karim, who co-chairs the South African Ministerial Advisory Committee on COVID-19, said at the Sunday press conference that the rollout of the vaccine in South Africa “needs to be put on temporary hold” in light of the disappointing results. Karim explained to Science that the J&J vaccine should be available in South Africa in roughly the same time frame, so there should be no delay in starting to protect health care workers.

Barry Schoub, who leads a government advisory subcommittee on COVID-19 vaccines, says, “We may need to look at combinations of the [AstraZeneca-Oxford] vaccine with other vaccines, which may in fact synergistically give a very good response.”

At a World Health Organization (WHO) press conference today that discussed the new findings at length, a chorus of scientists and public health experts emphasized that the AstraZeneca-Oxford vaccine may still play an important role in South Africa and elsewhere. “The retention of meaningful impact against severe disease is a very plausible scenario” for the product against the B.1.351 variant,” said Katherine O’Brien, who heads WHO’s Department of Immunization, Vaccines and Biologicals. The vaccine interval used in the trial was not long enough to build the most robust immune response, suggests Seth Berkley, who leads Gavi, the Vaccine Alliance and also helps run the COVID-19 Vaccines Global Access (COVAX) Facility that aims to increase access to COVID-19 vaccines for resource-limited countries. And Richard Hatchett, another co-leader of the COVAX effort who also runs the Coalition for Epidemic Preparedness Innovations, stressed a point made repeatedly: During an emergency, you use the best tools at hand. “Obviously there is a world full of the wild-type virus that the AstraZeneca vaccine is known to work against, so it is vastly too early to be dismissing this,” Hatchett said. “This is a very important part of the global response to the current pandemic and we need to find better vaccines, probably, against the variants that are emerging.”

Read also:Vodacom Business Helps Organisations to Digitise their Supply Chain Network

Karim, who also spoke at the WHO press conference, said South Africa is now evaluating a proposal to roll out the AstraZeneca-Oxford vaccine in a stepwise fashion, first assessing whether it impacts hospitalization rates in the first 100,000 people to receive it. “We don’t want to end up with a situation where we vaccinated a million people or 2 million people with a vaccine that may not be effective in preventing hospitalization and severe disease,” Karim said.

The Oxford team that originally designed the vaccine says it has already begun to work on a second-generation candidate that targets the mutated spike protein of the B.1.351 variant. Oxford’s Sarah Gilbert, who leads that effort, suggested in a press statement that a reformulated vaccine might be given as a booster shot to the existing one. “This is the same issue faced by all of the vaccine developers, and we will continue to monitor the emergence of new variants that arise in readiness for a future strain change,” Gilbert noted.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

Barely 2 Years Old, Kenyan Betting Firm Surebet Acquired By US-based Investor

Surebet, a Nairobi-based betting firm founded in 2019, has been acquired by Nevada-based investment company TransAtlantic Capital for an undisclosed amount, in a deal said to be the first acquisition made by a US company of an East African gaming platform. 

Julies Jenge CEO of TransAtlantic Capital
Julies Jenge CEO of TransAtlantic Capital

“SUREBET is a nice addition to our global platform of cannabis, psilocybin,” says Julies Jenge CEO of TransAtlantic Capital. “ …the 1.2 billion Africans on the continent are the fastest-growing segment of gamers.”

Here Is What You Need To Know

  • In a statement, TransAtlantic said the acquisition of Surebet was inspired by the fact that in 2018 players across Africa’s largest gaming markets of Nigeria, Kenya and South Africa wagered $40bn. It noted that while this was mainly on football and horse racing, there was growing interest in US sports such as American football, basketball and baseball.
  • TransAtlantic estimated that 5 million daily active mobile players in the Kenyan market spend on average $20 per day on betting. 
  • The acquisition is a shift in focus for TransAtlantic, which had previously focused on investments in housing, shipping and agriculture.

Read also: One Year After Shutting Down, Kenya’s Leading Betting Firm SportPesa Is Back

A Tense Regulatory Environment

  • Betting entities have faced significant government opposition in Kenya.
  • In 2019, Uhuru Kenyatta, the country’s president, called on lawmakers to ban gambling. His call came after the country’s Betting Control and Licensing Board ordered telecommunications companies to suspend the shortcodes and paybill numbers the sportsbooks used to exchange funds with their customers.
  • The lawmakers took up the president’s call. Part of their worries stemmed from social concerns. One lawmaker noted a rise in suicides from young men who took up betting on sports through their mobile devices.
  • They then followed it up by hiking gambling tax rates from 7.5 to 35 percent under a new legislation. 
  • As though that was not enough, Kenyan officials expelled nearly 20 foreign business leaders who were working for sportsbooks in the East African nation.
  • SportPesa and Betin then joined forces to file a lawsuit against the government, but the country’s Supreme Court dismissed the legal challenge. In doing so, Justice John Mativo noted SportPesa’s license had expired, which meant the company could no longer operate legally until it reapplied for one.
  • Meanwhile, in the country’s 2020 Finance Bill, the excise tax on betting stakes was repealed, but the government has since promised to reintroduce the levy.

Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer

Surebet acquired

AstraZeneca Launches Initiative to Redefine Asthma Care in Africa

Barbara Nel, AstraZeneca Country President for African Cluster

Global pharmaceutical manufacturing firm AstraZeneca has announced the launching of its new Africa PUMUA Initiative across six countries in the continent. The initiative will be launched initially across Ethiopia, Ghana, Kenya, Ivory Coast, Cameroon and Senegal, and then expand to other countries. The partnership with the Ethiopian Federal Ministry of Health and The Ethiopian Thoracic Society, is part of their new Africa PUMUA Initiative, aimed at redefining asthma care in Africa.

Barbara Nel, AstraZeneca Country President for African Cluster
Barbara Nel, AstraZeneca Country President for African Cluster

The Africa PUMUA Initiative was designed in consultation and collaboration with government, healthcare societies and respiratory health experts to strengthen local health systems and centres to improve paediatric and adult asthma management across both the public and private sectors.  The Africa PUMUA Initiative will support fundamental changes needed to advance clinical practice aligned to the Non Communicable Disease (NCD) service decentralisation programme roll-out by the Ethiopian Federal Ministry of Health. 

Read also:How AI is Changing the Dynamics of Healthcare

Globally, more than 339 million people are living with asthma, with an estimated over 40 million people with asthma in Africa.The World Health Organisation (WHO) cautions that over 80% of asthma-related deaths occur in low-and lower-middle income countries.

AstraZeneca has launched the Africa PUMUA Initiative to highlight its commitment to improving the health outcomes of patients in Africa. By providing support of infrastructure, increasing awareness of the symptoms and risks of asthma, and building the capacity of all role players across the patient journey, the Africa PUMUA Initiative looks at addressing the barriers currently preventing access to care for patients with asthma.

As part of the partnership signed today, 27 January 2021, with The Ethiopian Federal Ministry of Health and The Ethiopian Thoracic Society, AstraZeneca will provide 150 nebuliser machines to various hospitals within Ethiopia, as well as establish 47 nebulisation stations. The nebulisers will be allocated in consultation with the Ministry of Health and the Ethiopian Thoracic Society.

Read also:Plotting Africa’s Startup Funding Landscape: A List Of Over 500 Active Investors In The Last 5 Years

Barbara Nel, AstraZeneca Country President for African Cluster said: “We are unwavering in our commitment to improve care for asthma patients across Africa.  People living with asthma should have the ability to live normal lives and deserve the best care. Through our Africa PUMUA initiative we aim to strengthen local health systems and centres. By working together to boost local medical knowledge and expertise and building an infrastructure for Asthma Patients, through the donation of nebulisation machines, nebulisation stations, spirometers and peak flow meters, we believe we will be able to redefine asthma care in Ethiopia.”

Dr Dereje Duguma , Ethiopian Federal Ministry of Health, said : Through this important Public-Private Partnerships with the AstraZeneca Pharmaceutical and the Ethiopian Thoracic Society we will bring immense transformation to Asthma care. The partnership also goes in line with the Government of Ethiopia’s National Strategic Action Plan for Non-Communicable Diseases, effective diagnosis and enhanced referral systems. PUMUA will be a great tool in decentralization of these efforts. We hope this will be a good start to collaborating with AstraZeneca and look forward to seeing more endeavours. MOH supports pharmaceutical companies investing in the country as it is one of the key strategic areas in developing industries in the country.”

Read also:Ethiopia’s New Law Will Also Allow Ethio Telecom Go International

“It is estimated that more than 5 million people in Ethiopia are living with asthma, and to date there has been no national treatment guidelines for the diagnosis and treatment of Asthma. The Ethiopian Thoracic Society strongly believes that the implementation of the Africa PUMUA initiative will contribute significantly to the effective diagnosis and management of Asthma. The capacity building activities and the update and alignment of treatment guidelines and protocols for chronic asthma to GINA (Global Initiative for Asthma management) guidelines, will help to improve outcomes for asthma patients in Ethiopia. Cascading the treatment protocol and guidelines throughout the country will enable us provide standardised Asthma diagnosis and treatment in Ethiopia,” said Ethiopian Thoracic Society President, Dr Tewodros Haile Gebremariam.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

Africa, stop ruining your future by exporting needed human capital!

David Himbara is a Professor of international development based at Centennial College, Toronto, Canada

By David Himbara

Africa must stop aiding the developed world by exporting the human capital which is needed to drive the continent’s own social and economic transformation.

Nigeria is a case in point. Its immigrants are the most educated group in the US labour force. Yet Nigeria ranks dismally at 152 out of 157 countries in the World Bank’s Human Capital Index (HCI).

David Himbara, a Professor of international development based at Centennial College, Toronto, Canada

Launched in 2018, the index ranks countries’ gains in economic growth and human capital outcomes from investments in health and education. HCI is a composite measure based on survival rates, the quantity and quality of schooling and health status, all of which leads to a productive workforce. It conveys the productivity of the next generation of workers against a benchmark of complete education and full health.

Read also:Access Bank to Embark on Massive African Expansion

Africa’s performance in HCI is dismal — no country from the continent is ranked in the top 50. Africa’s largest and second largest economies, Nigeria and South Africa, rank 152 and 126, respectively. The economic powerhouse of East Africa, Kenya is at 94, while in North Africa, Egypt stands at 104.

Nigerians in the US

While denouncing immigrants, the Trump administration is currently promoting a brain drain of doctors and nurses from countries with weaker healthcare systems. In reaction to the COVID-19 crisis, the administration began to encourage, in March 2020, medical professionals to move and work in the US.

Read also:Business Now Registered In Just Ten Minutes In Benin, Making It №1 In The World

African immigrants, especially from Nigeria, have already made a significant impact in the US labour market. Nigeria is the largest source of African immigration to the US, numbering about 376,000 from which significant numbers of professionals have emerged.

According to the US government census data, the Nigerian diaspora is overall the best educated, while its members are more than twice as likely to have secured an advanced degree. Nigerians are also more likely than the general American population to work in professional or managerial occupations.

The 2016 American Community Survey found that African immigrants led by Nigerians are professors at top universities; they are entering medical fields at increasing rates; they are becoming entrepreneurs and CEOs in private sector companies. With a median household income of $62,351, compared with $57,617 nationally, as of 2015, Nigerian professionals are a significant human capital factor in the US economy.

Read also:How Small Businesses Can Get Maximum Value From Mobile

The factors that push African professionals to the developed north are well known. But they are rarely acted on. The push factors include poor governance which hinders meritocratic career-advancement, political unpredictability and instability, and poor prospects for education, including for the children of the professional class.

Doctors, engineers, scientists, professors and managers would rather settle abroad. In the case of Nigeria, seeking a better life—especially for children’s education—has overtaken other reasons for seeking job opportunities in the developed north.

Decades of neglect destroyed the quality of educators at primary, secondary and tertiary levels. The country’s learning infrastructure and educational system are a shambles. Poor investment in publicly-funded education led to the rise of expensive private schools and universities that are largely unaffordable except for the super-rich.

Fixing the education sector in Nigeria would be the building block for arresting the country’s devastating human capital loss. Attracting back the exported human capital would next on the agenda.

Paying the Price

While Nigerian healthcare professionals are excelling overseas, lack of these professionals are costing Nigeria dearly.

Read also:Founders Factory Africa Is Looking To Invest In African HealthTech Startups

Nigeria’s healthcare is in crisis — the densities of doctors, nurses, and midwives are too low to effectively deliver essential health services currently at 1.95 per 1,000. Nigerians with financial means seek medical care outside the country. It is estimated that Nigeria loses more than $1 billion annually to medical tourism because the domestic healthcare system is in shambles. Tens of thousands of Nigerians travel abroad in search of treatment.

The super-rich, including Nigerian President Muhammadu Buhari — with access to the best health care in Nigeria — travel to Europe for medical care. Buhari has made no less than five trips to Britain for medical care, staying in London for months. The majority of Nigerians seeking medical care go to India, as do other African middle-class nationals. India aims to make its medical tourism a $9bn industry, and is targeting Africa as a source of medical tourists.

African leaders collectively issue regularly strategies and action plans to address the fact that Africa has the worst health indicators in the world. The African Union’s Africa Health Strategy (AHS) 2007-2015 was replaced by Africa Health Strategy 2016-2030. Much of this is rhetorical and remains on the drawing board.

Bottom line

Africa must stop sabotaging its own development by giving away its human capital. Our continent is impoverished because it squanders the most important form of wealth and creator of prosperity  — its people.

David Himbara is a Professor of international development based at Centennial College, Toronto, Canada.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

Kenyans Abroad Defy Covid-19 To Send $3bn Home In 2020

CBK governor, Patrick Njoroge

In 2020, Kenyans living abroad defied the pandemic to send Sh337 billion ($3bn) home, according data released by Central Bank of Kenya (CBK). The figure represents a significant increase from the Sh305 billion recorded in 2019.

CBK governor, Patrick Njoroge
CBK governor, Patrick Njoroge

“This remarkable growth of remittances has been supported by financial innovations that provided Kenyans in the diaspora more convenient channels for their transactions,” read a statement from CBK. 

Here Is What You Need To Know

  • According to the data from CBK, the month of December 2020 recorded the highest diaspora remittances to the tune of Sh32.5 billion, while remittances slowed the lowest in April and May 2020
  • The release of the official figures follows a mooted plan by CBK to introduce a Diaspora Remittances Survey in partnership with Kenya National Bureau of Statistics, the Ministry of Foreign Affairs and other stakeholders. The survey, which will be conducted in February and March, is targeted at collecting valuable information on remittance inflows to Kenya, the efficiency and cost of alternative remittance channels. It will also help in informing Kenyans in the diaspora on the investment opportunities in the country and the usage of remittances received.
  • Nigeria leads Africa’s remittance market, also doubling as the sixth-largest beneficiary among low- to middle-income countries, with an estimated $23.8 billion (Sh2.5 trillion) received in 2019 alone. 
  • Ghana and Kenya came a distant second and third in sub-Saharan Africa, with $3.5 billion (Sh374 billion) and $2.8 billion (Sh299 billion) received up to September 2019.
  • Notwithstanding the increased foreign remittance, the Kenyan shilling has, however, continued to weaken under the blows of Covid-19. 

Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer

Kenya 2020 remittances Kenya 2020 remittances

InstaNovella, Startup for Social Platform for African Writers Launched

A Nigerian startup has launched a social community to help African writers connect with readers and opportunities to monetise their skills. The startup, InstaNovella was founded last year by Dandy Jackson Chukwudi and Awaji-Itimikpang Abadi, who had run a Facebook community of writers that reached 2.1 million members, InstaNovella is aiming to create social communities around stories from both amateur and established writers in Africa. According to Chukwudi, “Africa is growing and we need to be entertained. Some people look for where to display their talents in writing, but have no notable place for that, and that is why InstaNovella is here.”

Dandy Jackson Chukwudi, cofounder, InstaNovella
Dandy Jackson Chukwudi, cofounder, InstaNovella

The platform helps Africans publish and read stories, and at the same time interact with each other. It also hopes to help writers monetise, and is attempting to secure partnership deals with companies that make films. The platform currently monetises through advertising.

Read also:How Technology is Recreating the Offline Retail Experience Online

“We fill the reading gap. The reading of books in Africa has been declining, and we want to keep this in check. To the best of my knowledge, there hasn’t been an0y social network platform for reading and writing stories in Africa – we have no competitor,” Chukwudi said. InstaNovella, which is hoping to secure early-stage funding, claims to already have 100,000 users, making it the “number one reading platform in Africa”.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

Turkish Power Generation Company AKSA Expands into Africa

One of the top five power generation manufacturing companies in the world, Aksa has commenced an expansion drive across Africa as it sees the continent as an essential source of growth to increase the sales power. Aksa Power Generation which is a part of Kazancı Holding operates in manufacturing, technology development, marketing, and distribution fields in power generation and energy systems. Aksa is selling diesel generators, portable generators, marine generators, natural gas generators, control panels, sound proofed canopies and lighting towers to 173 countries. The production zones are located in Turkey, China (The biggest gen-sets production plant of the world) and the USA. Aksa has also recently opened its trade center in the Netherlands.

Aksa Power Generation
Aksa Power Generation

Presently, Aksa has eight offices in Africa, from North (Algeria Office) to South (South Africa Office) and plans to increase its sales force by focusing on new countries which are high potential and ready for investment. Currently, new offices Kenya and Sudan have just opened, the Senegal Office will be soon.

Read also:Lead Afrique Outlines Strategy as First GrowthWheel International Certified Business Advisor in Ghana

R&D facilities are located in Istanbul-Turkey and Changzhou-China by employing the highest calibre engineers and developing hardware and software solutions to provide world-class high-quality products. Being an expert in synchronised projects, Aksa’s R&D team is the first in Turkey to develop proprietary product designs and Aksa is one of the first natural gas generator manufacturers in the world. Aksa meets the power requirements periodically and continuously, meanwhile providing its clients with the Remote Monitoring System which provides technical control and monitoring of the generators from anywhere in the world. In addition to standard product range; Aksa also manufactures tailor-made products which can ensure the specific requirements of customers. The key element of Aksa’s marketing strategy is to create value with high-quality, energy-efficient, low noise level and low emission products including features which offer maximum benefits to customers with internationally competitive prices, fair payment terms and short delivery times.

Read also:Somalia Receives $8.5 Million Grant in Support of Clean Energy Businesses

Aksa Power Generation is Turkey’s market leader and one of the Top-5 gen-set manufacturers in the world. Aksa positions customer satisfaction at the top of all its corporate values by making new investments in line with the goal of being one of the Top-3 gen-set manufacturers in the world by 2025. In this manner, Aksa is going to take a big portion from the African market and have an expressive market share in a short term with its long-term & strong partners. Aksa has a good reputation, brand value in diesel gen-sets markets and finished lots of significant success stories in Africa.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

Nairabox Restructures Leadership Appoints Sole CEO

Adetokunbo Adetona, CEO, Nairabox

Nigeria’s leading lifestyle concierge platform Nairabox recently announced changes to its leadership structure which sees Ugochukwu ‘Jay’ Chikezie, the startup’s Co-founder and CEO step down from the executive role while Adetokunbo Adetona takes the reins as the sole CEO. The decision which took effect on January 1, 2021 was made public by the weekend.  Founded by Chikezie and Damilola Jegede in 2015, Nairabox has grown to become one of Nigeria’s largest lifestyle concierge platforms providing event and food services to customers.

Adetokunbo Adetona, CEO, Nairabox
Adetokunbo Adetona, CEO, Nairabox

Nairabox has grown to become Nigeria’s largest aggregator of cinema houses bringing the likes of Filmhouse, Viva, and Genesis into its fold. It has secured partnerships and clients with Mastercard, Quickteller, and 13 major banks across the country in the same vein. Before this restructuring, Adetona came into Nairabox in 2016 as Managing Partner and Chief Financial Officer (CFO). In 2018, he was the Director, Finance and Technology at the company until he joined Chikezie as the helm of affairs in August 2019. Since then, Nairabox has maintained a dual CEO structure with both Chikezie and Adetona serving as Co-CEOs.

Read also:Taaply, Cameroonian startup To Digitise Business Cards

Inspite of his new role in the company, Chikezie will support implementing Nairabox’s 2021 growth plans as a member of the Board of Directors, JORG Technologies — Nairabox’s parent company. In essence, he remains Nairabox’s Co-founder and a Director on the company’s Board. In a message posted on his  LinkedIn page, Chikezie described his journey at Nairabox as a fulfilling one, commending the impeccable understanding  he had with Adetona, saying, “In the last three years, Tokunbo and I have worked together as co-CEOs leading the company to what it has become today. I believe there has been no better pair as we did this with so much respect for each other and not once did our ego get in the way of our goal.”

He further speaks on providing guidance to the Nairabox team and playing his part in ushering the company into a phase of “unprecedented growth.”

Speaking on the new structure, Adetona first recognised his and Chikezie’s pivotal roles in Nairabox’s story saying that “I am honoured to be taking on the role as sole CEO of Nairabox at a transformational time in our story. I remain grateful to Jay for his exceptional leadership on our journey thus far,” he said.Going into his fifth year at Nairabox, the stakes are high for the sole CEO with a mandate to lead the company into the next phase of growth. However, Adetona knows what needs to be done to achieve this. The world’s current business environment better suits companies with just one CEO: think Musk, Zuckerberg, and Bezos. He opines that while the co-CEO structure was fundamental for Nairabox to get to where it is now, the swift changes in today’s world makes it imperative to have a single CEO leading a business.

Read also:TruQ, Nigeria’s on-demand Logistics Startup Plans for Quick Uptake After Launch

“With this move, we will be better able to consolidate on the gains of previous years, increase our investments in business innovation, and introduce more products and services to meet stakeholders’ needs,” he added. That said, a major factor for this change in structure is the pair’s commitment to telemedicine company, Tremendoc. Chikezie founded Tremendoc in 2017 as CEO. Adetona, on the other hand, has been the startup’s CFO. Except for a stalled growth in 2018, Tremendoc is witnessing astonishing progress at the moment, partly owing to the increase in telemedicine use as a result of the COVID-19 pandemic.

Read also:Education, Technology and Finance To Dominate Africa’s Investment Landscape In 2021 — African Venture Capital Chair

Therefore, Chikezie is shifting his focus to the healthtech startup, running it full-time as CEO. Similarly, Adetona is dropping his CFO responsibility at Tremendoc to focus on Nairabox; however, he remains a non-executive board member at the healthtech startup. To steer Nairabox’s boat alongside Adetona is General Manager, Toyin Emmanuel, who moves a step higher in a senior leadership role as the company’s Chief Operating Officer.

“Her commitment and leadership displayed within the company over the last five years have been nothing short of exemplary. I look forward to achieving great things with her,” Adetona said of the appointment.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

90% Of Young People In Sub-Saharan African Are Without Internet At Home — UNICEF

Globally, nearly 2.2 billion young people under 25 do not have access to the internet at home. This is the main lesson from the latest report co-authored by Unicef ​​and the International Telecommunication Union. But obviously, regional disparities are strong.

Use of internet
Internet

“The most significant disparities in terms of home internet access are observed among children and young people in sub-Saharan African countries, particularly in terms of household wealth and residence in rural areas compared to urban areas,” the study noted. 

Here Is What You Need To Know

  • According to data provided by the document, 642 million young people under 25, or 90% of this entire age group in sub-Saharan Africa do not have access to the web from their homes.
  • When looking at West and Central Africa alone, this percentage rises to 95%.
  • According to the report, only about 16% of children in the wealthiest families of West / Central Africa zones have access to the internet against only 1% in the poorest families. In Togo, one of the countries in the zone offering the best access, the gap is widening to reach a ratio of 58%/12%.
  • The report also noted that in East and Southern Africa, urban youth have four times greater access than their peers living in rural areas.

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UNICEF AFRICA YOUNG PEOPLE INTERNET UNICEF AFRICA YOUNG PEOPLE INTERNET

A barrier to education and employment

“This digital divide significantly compromises the ability of young people from poor rural households to acquire the skills necessary to build a better future,” noted the report’s authors. 

And this is an even more problematic issue in times of pandemic, when the internet is seen as an education lifeline around the world. 

“The lack of connectivity among the most marginalized populations […] virtually eliminates any chance they might have to participate in the modern economy,” adds Unicef ​​Director Henrietta Fore.

Nevertheless, for more than the majority of 1600 professionals interviewed, the current pandemic is an opportunity for Africa to catch up in this area.

Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer

Kenyan Startup, Uncover Skincare Launches “One Stop Shop for Skincare”

Uncover Skincare, the Kenyan startup which was discovered during the Antler’s Nairobi incubator, has launched what it says is a “one stop shop for skincare”, availing knowledge and products from Korea to revolutionise the skincare experience in Africa. Uncover Skincare was founded by Sneha Mehta and Catherine Lee after they took part in the Nairobi-based Antler accelerator, which also subsequently provided the startup with a US$100,000 investment.

Uncover Skincare
Uncover Skincare

Speaking about the new launching, Sneha Mehta said that “Catherine and I bonded over our passion to empower women with confidence and we are starting with solving a problem in skincare.” The Uncover Skincare platform educates consumers by providing a skin quiz and short “skintertainment” videos to solve what it believes is the biggest customer pain point in the past few regions for skincare – knowledge.

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“Skincare is hard in Kenya, and beyond. Consumers are constrained by hard-to-find information and limited products,” said Mehta. The startup is also developing its own line of products in partnership with top Korean ODMs to sell skincare products through its Uncover’s e-commerce website and B2B partnerships.

“Our approach is data-driven and we launched a survey earlier this year and received nearly 1,000 respondents, making it probably the largest skincare survey in the region. Our products are directly responding to the pain points of the consumer to provide a solution that is catered to the local market,” Mehta said.

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Uncover has signed on a number of retailers to sell its products, and have secured a number of B2B partnerships. The startup’s initial focus is on Kenya, but it will expand after 2021 into East Africa and the rest of the continent. Mehta said its target customer is “anyone who cleanses their face”.

“Our primary target is 4.2 million urban Kenyan women between the ages of 15 and 44, with marketing focused on 25-34 year olds initially,” she said.

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“The total addressable market is US$2.9 billion in Kenya, Tanzania, Uganda, South Africa and Nigeria alone, out of which our immediate market of Kenya is US$250 million. The Kenyan skincare market is growing at 100 per cent. Kenya’s largest e-commerce site, Jumia, saw 400 per cent growth in skincare between 2018 and 19.”

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry