Africa needs leaders who can rise to the challenges of our times By Yann Gwet

Yann Gwet, a Cameroonian essayist

The tragic events impacting the continent bear witness to a deep-seated leadership crisis. African leaders with the wherewithal to rise to the challenges of our times must step into the arena and enact radical change. On 6 November, Paul Biya celebrated the 38th anniversary of his first election as president of Cameroon. His supporters were decidedly enthusiastic about the event, while his opponents, both in the media and in the general public, openly expressed their anger at an event which for many people marks the start of the country’s downward spiral.

Yann Gwet, a Cameroonian essayist
Yann Gwet, a Cameroonian essayist

I’m on the side of those who feel the Biya era has been to Cameroon’s detriment. But the Cameroonian President’s political track record wasn’t on my mind on 6 November. Sooner or later, he’ll be replaced and a new era will begin. But will President Biya’s successor, whoever he or she may be, be up to the challenges of our times?

Read also:African pay-TV Subcribers To Hit 51 million By 2026 — Digital TV Research

This question applies beyond Cameroon’s borders. The latest news out of Africa is particularly grim, with the continent experiencing everything from an economic crisis to political repression, civil unrest, terrorism, armed conflict, mass killings, etc.

These tragic events bear witness to a deep-seated leadership crisis impacting the entire continent. What’s more, they give us pause to reflect on how we should go about changing our countries and also on what kind of leaders will be able to prioritise Africa’s pressing need for radical change.

Anti-corruption crusaders

Corruption is something I hear other Africans complain about time and time again. It’s pervasive, often accepted and always has disastrous consequences for our economies, the cohesion of our communities and the social contract on which our societies are built. In her book Fighting Corruption Is Dangerous, the Nigerian economist Ngozi Okonjo-Iweala tells the story of her mother’s 2012 kidnapping.

The abductors took the trouble to confirm that their victim was indeed “the mother of the finance minister” before shoving her into their car, and told her son, tasked with the negotiations, that they would free his mother if Okonjo-Iweala publicly announced her resignation as well as her return to the United States, a country she had recently left after accepting a job in Nigeria. When the kidnappers realised that the finance minister had no intention of yielding to their extortion stunt, they demanded a ransom instead.

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

In the end, they released her mother, who told investigators that she had heard the perpetrators say they had targeted her because her daughter had “refused to pay oil importers” during a campaign to clean up the Nigerian oil sector, a segment of the economy plagued by endemic corruption. The rest of the book recounts a long list of direct threats, attempts at intimidation and pressure directed at a minister “guilty” of leading a war against corruption.

The courage of conviction

The book reveals the exorbitant cost of implementing major reforms in Africa. It also serves as a reminder that courage is the essence of leadership – the courage to act, as illustrated by Okonjo-Iweala’s experience, but also the courage of one’s conviction and vision.

When Singapore won its independence, it would have been easy for its leader, the renowned Lee Kuan Yew, to yield to the demands of the Chinese community. It wanted its language, spoken by 80% of the population at the time, to have a special status. Many of our African leaders would have given in to the siren song of tribalism so as to reap its political dividends, but the same can’t be said for the former leader of Singapore.

Read also:Why your small business should deploy MDM solutions

Aware of the importance of equality in a multiethnic society and the need to unite diverse communities and preserve his country’s chances of success in a changing world, this descendant of Chinese immigrants asserted – despite pressure from his own community – that all of Singapore’s official languages (Tamil, Malay, Chinese and English) would enjoy an equal status, and he gradually supported English as the lingua franca.

It’s hard to say where these kinds of leaders find their courage. It’s equally hard to know whether the virtue of courage can be taught or cultivated. There is an abundance of theories, but it’s clear that the courage to act, against all odds, comes from having strong convictions.

If an individual is not firmly convinced of both the rightness and the absolute necessity of the cause to which he or she is committed, then it’s impossible to show the necessary courage in the face of inevitable adversity.

Change the world

While the source of courage may be up for debate, things are less hazy for convictions, or what some used to call ideology. Thanks to a certain experience of the world, a relationship to ideas and a particular temperament, some of us develop strong convictions, embrace a vision of the world and demonstrate a willingness to defend it.

Those of our leaders who, in the words of Karl Marx, want to “change” the world rather than just “interpret [it] differently” are those whose courage is underpinned by a politically infused vision of Africa’s future and the certainty that Africans deserve and can do better, and that they must assert their right to better leadership.

Read also:Ghanaian Fintech Startup ZeePay Secures $940k Seed Funding From VC GOODsoil

Ghana’s former president Jerry Rawlings, who passed away in November, was an exceptional leader in many ways. To be sure, he wasn’t perfect, but on top of being a soldier and a true revolutionary, he was a moralist (like any true revolutionary).

In his view, nothing justified letting evil flourish. It had to be eradicated, even if that meant resorting to violence, which was seen as legitimate so long as it was being carried out in the interest of the greater good. Obviously, this dialectic of good versus evil isn’t well suited for managing our inevitably complex human societies, but it provides the fuel needed to bring down fundamentally corrupt and unjust systems.  Ghana’s late former president left us at a time of history-making change. The liberal international order created in the wake of the Second World War is drawing to an end.

In a sense, things are going back to the way they were in the 19th century, in that we’re seeing a gradual return to the bygone era of great empires and great clashes: a world governed by “might makes right”, unilateralism and realpolitik. The world that’s slipping away was generally in our favour, whereas the one that’s on the horizon will be hostile to us. As the French poet Paul Valéry once wrote: “We are entering the future backwards.”

However, very often in history, tragic periods pave the way for great destinies. Hopefully we will witness the rise to power of African leaders who are up to the challenges of our times – times that call for moralists rather than relativists, sophisticated revolutionaries rather than reform-minded technocrats and people with a sense of history rather than people with business acumen.

Yann Gwet, a Cameroonian essayist is a graduate of Sciences Po Paris, he lives and works in Rwanda.

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

Prop-tech Startup Spleet, Expanding to Ghana, Rwanda and Kenya

Chief executive officer (CEO) Tola Adesanmi

Innovative prop-tech startup Spleet is expanding from its Nigerian base to Ghana, Rwanda and Kenya this year as it transitions towards an Airbnb-style self-hosting model for Nigerians travelling abroad. Spleet was founded three years ago inspired by the need to discover rentals with flexible payment options in Lagos as opposed to the usual one or two year upfront payment options, Spleet allows homeowners to rent out rooms to vetted individuals, while also helping people easily find places to stay.

Chief executive officer (CEO) Tola Adesanmi
Spleet Chief executive officer (CEO) Tola Adesanmi

Spleet recently launched a host product for homeowners with spare rooms to manage their spaces, which will allow Airbnb-style self-hosting on its platform, and is looking at moving into new markets. Chief executive officer (CEO) Tola Adesanmi told Disrupt Africa Spleet was planning to expand to Ghana in the second quarter of 2021, and Kenyan and Rwanda in Q3.

Read also:Business and UN leaders to chart the path forward for a sustainable Africa

“We intend to first seed those markets by initially working closely with property managers that currently manage spaces manually, with a focus on people visiting from Nigeria. This way we build a reputation before hitting the local market directly,” he said.

“The host product also gives potential hosts autonomy, and a sense of control over their earnings. Over the next few months, we’ll continue to iterate per customer feedback and our own product roadmap.”

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

In Nigeria, Spleet has seen positive uptake of its renters product, and currently has a 96 per cent retention rate with its long stay spaces, and an average stay of 11 months. “Metrics like our current waitlist signal potential for more growth now that we have the hosting product,” Adesanmi said. After bootstrapping for 18 months, Spleet closed a US$265,000 pre-seed round in 2019 and is currently raising a seed round.

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

Rwanda’s Karisimbi Helps Hospitals Go Paperless

Angelo Igitego founder Karisimbi

Leading Rwandan e-health startup Karisimbi Technology Solutions is helping hospitals go fully paperless, offering digital patient files that streamline service delivery and have so far been used to treat more than 30,000 patients. The Karisimbi journey began in 2016, when founder Angelo Igitego was accompanying one of his family members to a local hospital in Kigali.

Angelo Igitego founder Karisimbi
Angelo Igitego, founder, Karisimbi

“Wait times were very long and difficult. Being a systems thinker, I realised that there was an opportunity to innovate and automate repetitive tasks like patient file creation and retrieval, and billing,” he told Disrupt Africa. Igitego’s solution was IvuliroTech, software that helps hospitals go 100 per cent paperless, providing a locally-contextualised electronic medical record which he said really fits the Rwandan environment.

Read also:AstraZeneca delivers life-changing health access initiatives across African Continent in 2020

“Paper files are expensive to print, to store, to retrieve. They harm the environment. They cause delays in service delivery – imagine retrieving one paper file among 20,000,” said Igitego.  Karisimbi aims to solve this problem, and since releasing its MVP in September 2019 has onboarded more than a dozen hospitals countrywide.

“Ninety per cent of them are paying clients. We are now in the process of working with the umbrella organisation of private medical facilities. This will increase our market share from five per cent to more than per cent in the next two years,” Igitego said.

The bootstrapped startup, which is looking to raise pre-seed funding, has growth on its mind. Karisimbi plans to expand into new countries in the East Africa region, and is also adding to its product.

Read also:Rwanda Coding Academy Receives $150,000 From AfDB

“In the next five months, we shall launch our pharmacy management systems that will help patients with NCDs to receive better treatment. The education sector is also very viable – given the recent changes caused by COVID-19 more people are demanding to shift the education online,” said Igitego. Karisimbi makes money from monthly subscriptions and upfront installation fees.

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

How Bitcoin Survived Covid-19 Pandemic, and Global Recession to Soar in 2020

Bitcoin

Analysts have come up with reasons behind the excellent showing of Bitcoin in a year that could easily be termed devastating as economies of countries took a dive for the worst while unprecedented job losses were recorded across the world. According to them, the reasons why the crypto economy ended the year on a high note are varied but all points to the future that is knocking on the door. The most prominent of the reasons are:

Ray Youssef, CEO, and co-founder of Paxful
Ray Youssef, CEO, and co-founder of Paxful

Emerging markets fuelled growth

The emerging countries are still driving growth despite the pandemic, which is especially notable with increasing crypto-transactions in the region. Bitcoin’s popularity across the emerging markets continues to grow rapidly, as people struck by the Covid-19 crisis are looking for a safe-haven asset they can trust.

Read also:South Africa Declares Dealing In Cryptocurrencies A Financial Service Which Must Be Regulated

What’s driving the appetite for Bitcoin in emerging markets? That’s simple: Easier, faster, more affordable financial transactions – which translate into greater access to global markets. And, with remittances being a massive part of the crypto use cases in the emerging world, Bitcoin remittances have all the potential to replace costly traditional money transfer operators, posing stiff competition to giants like Western Union.

Leading global peer-to-peer crypto trading marketplace, Paxful, for instance, witnessed the rise of emerging markets first-hand. Globally, transactions on the Paxful platform increased by almost 31% in 2020, compared to last year, while India and the African continent show exceptional growth.

“Nigeria, Ghana, Kenya, and South Africa are our main markets in Africa. There’s no question that emerging markets are the future of the crypto economy. That’s been clear to us for some time, as we see on a daily basis how tech-savvy Africans are using Bitcoin to invest, trade, send money abroad and accumulate wealth. Bitcoin helps improve lives and gives opportunities for personal and entrepreneurial development,” says Paxful CEO and co-founder Ray Youssef.

Read also:Paxful Adds Tether (USDT) to Its Platform in Bid to Expand Beyond Bitcoin

In South Africa and Ghana, the volumes on Paxful platform increased by over 100% compared to 2019, while Kenya demonstrated the most remarkable growth of nearly 390% in 2020. With indications that in regions like South Africa governments intend to provide greater guidance for crypto-industry operators in 2021, the company expects increased appetite for crypto in the next few years, as it becomes embraced by the public and institutions alike. 

The rise of Stablecoins

While Bitcoin remains the king of cryptocurrency, this year also saw explosive growth of stablecoins, which are a type of cryptocurrency pegged to fiat currencies like USD, for example. Stablecoins are designed to minimize the volatility of the coin and give an option to convert a highly volatile Bitcoin to a more stable digital asset.

In 2020, the total value of stablecoins exceeded $20 billion – nearly a 300% year-on-year increase. Many experts believe that consumers are flocking to stablecoins for its stability, as it gives them an opportunity to protect their assets during crypto-market turbulence.

Read also:Nigeria Goes After Cryptos, Now Requires All Traded Crypto Assets To Be Registered. What Does This Mean For Crypto Startups In The Country?

Meeting the demand for stablecoins, Paxful introduced Tether (USDT) to assist customers in expanding their portfolios. USDT has been very well received by users, especially in developing countries that often struggle with high inflation. Among African-based Paxful users alone, a 431% increase in trade volume has been recorded since the introduction of Tether. The addition of USDT came alongside the hedging option – or the ability to convert the Bitcoin to Tether, to lock in the price if there are price drops expected ahead. Once Bitcoin stabilizes, users can convert their Tether back to Bitcoin thus preserving it at the desired price. Stablecoins are an excellent tool in combating volatile currencies.

Bitcoin as humanitarian aid

NGOs and charities also played a part in the boosting of the crypto industry, by accepting Bitcoin to support humanitarian causes. In Nigeria, for example, during the protests against police brutality #EndSARS, crypto donations became a preferred mode of providing financial support to the communities involved. In October 2020, one Nigerian advocacy organization is said to have collected around 40% of the $387,000 in donations it raised to assist the protestors. Similar developments have been observed in Venezuela, Chile, and even Zimbabwe.

Read also:South African Crypto Startup Luno Acquired By World’s Largest Blockchain Investor

For its part, Paxful launched #BuiltWithBitcoin charitable initiative in 2017, with the goal to build 100 schools, water wells, and community gardens for sustainable agriculture funded entirely by Bitcoin all across emerging markets. Paxful also recently launched the Africa Fund to assist communities fight the impact of COVID19 and provided thousands with food, personal protection equipment and more. With this project, Paxful aims to show the world the true philanthropic capabilities of Bitcoin, as they strive to change lives one Bitcoin at a time.

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

Bitcoin Price Could Surge Past $146,000 — JPMorgan

Bitcoin

The surge in bitcoin price may not be over any time soon. Latest forecast by investment banking giant JPMorgan has called a long-term bitcoin price target of over $146,000 based on the speculation that the cryptocurrency will grow in popularity as an alternative to gold, Bloomberg reports.

Bitcoin
Bitcoin

“A crowding out of gold as an ‘alternative’ currency implies big upside for bitcoin over the long term,” strategists led by Nikolaos Panigirtzoglou wrote in a note on Monday. “Bitcoin’s [current] market capitalization of around $575 billion would have to rise by 4.6 times – for a theoretical Bitcoin price of $146,000 – to match the total private sector investment in gold via exchange-traded funds or bars and coins.”

JPMorgan bitcoin price JPMorgan bitcoin price

Read also: African pay-TV Subcribers To Hit 51 million By 2026 — Digital TV Research

According to the analysts the convergence of bitcoin and gold volatilities is a “multi-year process” and suggests that the $146,000-plus target is a long-term objective. 

Bitcoin price increased by 300% to $29,000 in 2020 and extended gains to a new record price of $34,420 in the first three days of the new year. The cryptocurrency has gained over 160% in the last three months alone, helped along by increased institutional participation.

However, while the crypto community expects the price volatility to continue, JPMorgan sees signs of “speculative mania” and believes further big gains towards the region of $50,000-$100,000 may be unsustainable in the near term.

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

Temenos Tapped by Arab Investment Bank to Drive Digital Growth and Financial Inclusion in Egypt

Temenos Infinity

Temenos Infinity has been selected by the Arab Investment Bank to drive digital growth and financial inclusion in Egypt. The software offers differentiated digital customer experience and grow digital customer base; Temenos Infinity enables Arab Investment Bank to bring new products to market faster, accelerate digital customer onboarding and increase front office efficiency to achieve market-leading cost-income ratio; Supports bank’s mission to boost economic development and financial inclusion for 44 million Egyptians.

Temenos Infinity
Temenos Infinity

Temenos , the banking software company, announced today that Arab Investment Bank has selected Temenos to power its digital customer experience. Arab Investment Bank chose the market-leading capabilities of Temenos Infinity and Temenos Payments to improve performance, drive its digital growth strategy and provide a boost to financial inclusion for millions of Egyptians.

Read also:Egypt’s Source Beauty Secures Six-figure Seed Round Led by Geneva-based ACE & Company

Temenos Infinity accelerates time-to-market for new products and delivers a seamless, multi-experience digital journey for its customers. With Temenos Infinity, Arab Investment Bank will offer a seamless digital experience to its customers across digital touchpoints for all retail banking products, reducing client onboarding to just minutes.

With its deep analytics, Temenos Infinity is the leader in driving customer acquisition and digital banking engagement and enables banks to increase digital revenues 5x and cut customer onboarding time by 75%. Built on a microservices architecture, Temenos Infinity is the most open and agile SaaS product allowing banks to continuously extend and expand their solution for all or portions of the customer lifecycle.

Arab Investment Bank, which is among one of the fastest growing banks in Egypt, provides personal and business banking products as well as investment and Islamic banking services. With Temenos Infinity, the bank has embarked on a digital transformation journey to make banking and financial services easier, faster and more accessible for all Egyptians. Egypt has an adult population of over 67 million and while over 90 per cent [1] have a mobile phone, only 1 in 3 has a bank account and less than 6 per cent made digital payments in the last year.

Read also:Africa-focused Digital Banking Startup Umba Raises $2m Seed Funding For Its African Market

Arab Investment Bank already uses Temenos Transact as its core banking technology. Now, with Temenos Infinity, the bank benefits from the leading omnichannel digital banking product covering customer engagement from acquisition, to account servicing, through to long-term retention. Using both products, the bank is able to achieve an end-to-end digital banking transformation and market-leading cost-income ratio. The performance benefits will be seen in higher customer growth, lower cost of marketing, improved front office efficiency with increased STP rate and reduced asset write-offs with Explainable AI lending.  

Digital payments is also a strategic growth area for Arab Investment Bank and with Temenos Payments, the bank benefits from a truly comprehensive, universal platform for efficient payment execution and distribution – removing the need for a different system for different payment types.

Arab Investment Bank Board of Directors, stated: “Based on Arab Investment Bank strategy, we chose to partner with Temenos to lead our digital transformation, not only because it has the most advanced technology, but also for its strong presence in the region and its reputation for rapid implementation and time to value. With support from Temenos, Arab Investment Bank is on a path to becoming a world-class digital bank. Digital channels are vital to achieving our growth goals and Temenos’ advanced technology will enable us to design and execute a holistic model to support digital acquisition, onboarding, engagement and cross-selling.”

Read also:Ghanaian Fintech Startup ZeePay Secures $940k Seed Funding From VC GOODsoil

Jean-Paul Mergeai, Managing Director – Middle-East & Africa, Temenos, commented: “Internet and mobile banking are key to unlocking economic development and financial inclusion and so Temenos is proud to support Arab Investment Bank in its bold mission to improve access to digital banking services in Egypt. The suite of Temenos products deployed by Arab Investment Bank provides an agile platform to move forward at speed with its digital ambitions. By making it easier to open a bank account, receive and make digital payments, our technology is helping Arab Investment Bank dramatically improve the lives of 44 million Egyptians who currently do not have a bank account.”

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

How Enhanced Connectivity Sets the Foundation for Digital Economies By Mohammed Amin

Mohammed Amin, SVP of MERAT at Dell Technologies

Over the past few months, we’ve seen the world transform. It’s clear that cities will be affected in the long-term, which is why it’s critical to reflect on how emerging technologies can shape the future.

The emergence of 5G networks and boundless broadband deployment has the potential to change the way cities define their digital future. The promise of mobile gigabit connectivity, low latency and unprecedented device density offers new and exciting developments that affect every aspect of public life, from intelligent transportation to public safety and waste management.

Mohammed Amin, SVP of MERAT at Dell Technologies
Mohammed Amin, SVP of MERAT at Dell Technologies

Additionally, the COVID-19 pandemic is shining additional light on the need for greater connectivity speeds and broadband access, that not only allows organisations to drive business continuity, but to also bridge the digital divide and enhance a country’s digital infrastructure.

Read also:A new COVID-19 strain found in Nigeria

According to a report produced by the GMSA titled “5G in Sub-Saharan Africa: laying the foundations”, 5G will pay a pivotal role in shaping the digital landscape of the region, however mass adoption is not imminent due to the cost of the infrastructure that needs to be developed.

Nonetheless, the report goes on to document how the positive impact of 5G is acknowledged in the region, however, the implementation will be lagged, and most respondents alluded to wanting it to be tested in other regions, before adopting the technology, allowing for economies of scale for equipment and devices to drive the costs down.

South Africa is leading the way in terms of implementation with 5G available in major cities through an increasing number of operators.

Over the past few months, the global pandemic has further impacted the perceived value of 5G in Sub-Saharan Africa and has illuminated equity issues and opportunities to address them. Government leaders know that inequalities will continue to grow should they not solve the problem right now.

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

As these governments look to rebuild their economies and invest in technology infrastructure, enhanced broadband deployment provides communities with an opportunity to close the digital divide by shrinking the gap between constituents who have access to high-speed connectivity and those who don’t.

Enhanced connectivity: will form the backbone of smart cities and a new era of tech innovations.

African cities are in a good position to accelerate into Smart City stature due to the rapid urbanisation their cities are experiencing, lessons learnt from other first world countries as well as the economic opportunity many African cities hold.

In these environments, enhanced connectivity forms the backbone for smart city communications and applications, enabling networks to carry the real-time information that makes cities ‘smart.’ These connections between almost every type of smart device, appliance or machine, will allow cities to reduce traffic congestion and vehicle emissions, manage waste disposal, conserve energy and optimise the efficiency of utilities.

Emerging 5G capabilities will even facilitate communications between smart, and eventually driverless, cars that will connect to the larger smart city network. With 5G networks touted as having latency rates of under a millisecond, near-instantaneous delivery of information will support rapid responsiveness needed by autonomous vehicles when confronting an imminent danger like a pedestrian.

Read also:MTN, Vodacom Launches 5G Networks in Sub-Saharan Africa in 2020 – GSMA Report

Today, service providers are introducing software that incorporates artificial intelligence (AI) and machine learning (ML) technology, which can be as smart and dynamic as the smart cities themselves. New software innovations can analyse data patterns and identify anomalies, spikes of traffic or congestion and instruct the city’s traffic control systems to take appropriate action.

The impending 5G transition, with significant advances in bandwidth and improved latency and quality of service (QoS), will enable a new wave of services including enhanced mobile broadband, connected cars, drones, smart retail, industrial robots, and much more. This new era of 5G networks will see not only technology innovations, but also business model innovations that result in intelligent devices and applications consuming and generating data like never before.

Imagine the future – what used to be possible only in science fiction movies – flying drones, driverless cars and planes, machine-to-machine interactions, seamless communication around the globe – is fast becoming a reality.

Looking ahead: this is a transformation journey, not an overnight upgrade.

As cities and countries across Africa look to capitalise on the benefits of enhanced connectivity through broadband deployment, their journey may include obstacles. 5G is not simply an evolution of 4G – it requires massive transformation, demanding new distributed architectures using software-defined infrastructure.

When government invests in this new software-defined world, it is imperative to remember that it’s constructed upon common building blocks of compute, storage and networking. For example, 5G requires multiple ecosystems driven by use cases and end-user experiences, a highly distributed infrastructure and workload agility in a cloud native environment.

Establishing this baseline on open, interoperable standards will set governments up for innovation and flexibility as they continue on their connectivity journeys. As we leverage enhanced connectivity to enable new use cases as part of wider smart city initiatives, networks must be equipped to deal with the extensive usage variations associated with everyday life in a major city. As bandwidth use shifts with traffic patterns, day-and-night cycles and major city events, IT leaders need to focus on how these stressors are affecting networks.

Read also:The Role Of Artificial Intelligence In Enhancing Cybersecurity

We cannot accept the status quo when we’ve seen what technology and data can do when needed most. As populations grow, government services must be effective, efficient and equitable. Moving forward, remember that this transformation is a gradual architectural evolution, and an opportunity for communities and governments to close the connectivity divide to bring to fruition the next wave of technology-led, human progress.

Mohammed Amin, SVP of MERAT at Dell Technologies

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

African pay-TV Subcribers To Hit 51 million By 2026 — Digital TV Research

Simon Murray, Senior Analyst at Digital TV Research

According to Digital TV Research, by 2026 there will be 51 million pay-TV subscribers in Africa. So a total of 17 million new consumers are expected over the next six years. In its study, Digital TV Research determined the players and markets that will see things happen the most at their level.

Nigeria alone will have 11 million subscribers. They will be 9 million in South Africa. Simon Murray, Senior Analyst at Digital TV Research, mentioned the Multichoice group’s leadership:

Simon Murray, Senior Analyst at Digital TV Research
Simon Murray, Senior Analyst at Digital TV Research

“Multichoice had 15.51 million subscribers on the DStv satellite TV platform and the TNT GOtv platform at the end of 2020. This total will increase to 19.67 million by 2026, with a slowdown marked by the growth of satellite television,” he said.

Digital TV Research Africa

Read also: Telecom Operator Moov Benin Becomes Moov Africa

The most impressive growth will be observed with the Chinese Startimes. Its customers will increase by 10.11 million. As for the French Vivendi, its Canal Plus and Easy TV platforms will accumulate a total of 7.9 million subscribers, notes the report. 

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

Universal Music Group announces Strategic Leadership Appointments in Africa

Sipho Dlamini, CEO, Universal Music South Africa and Sub-Saharan Africa

Universal Music Group, the world leader in music entertainment has strengthened its position as the leading music company in Africa by announcing a strategic expansion of its Sub-Saharan Africa leadership team. These appointments underscore UMG’s ongoing commitment to support and grow Africa’s domestic music ecosystems, while also creating new opportunities for African talent to reach new audiences globally.

Sipho Dlamini has been promoted to CEO, Universal Music South Africa and Sub-Saharan Africa
Sipho Dlamini, CEO, Universal Music South Africa and Sub-Saharan Africa

UMG’s holistic approach to expanding operations across the continent, opening new divisions in Nigeria, as well as becoming the first major music company to establish divisions in Kenya, Côte d’Ivoire, Senegal, Cameroon and Morocco to complement UMG’s longstanding operations in South Africa. This presence will continue to grow throughout 2021 and beyond, as UMG continues to further extend the company’s ability to support domestic artists across Africa and globally.

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

To help lead this expansion, Sipho Dlamini has been promoted to CEO, Universal Music South Africa and Sub-Saharan Africa, effective immediately. Dlamini will continue to oversee all of UMG’s operations within English-speaking Africa. Since joining UMG in 2016, he has been instrumental in solidifying and growing UMG’s African infrastructure, increasing the visibility of African music around the world and delivering unprecedented artist success in South Africa. During this time, UMG has also led the industry with new initiatives across live music, brand partnerships and the adoption of licensed and legal streaming platforms within Africa.

Sipho is a member of UMG’s Task Force for Meaningful Change (TFMC), which was created last year as a driving force for inclusion and social justice within the global music industry and serves as chair for the TFMC’s Global Committee. In 2019, Dlamini was named in Billboard’s International Music Power list, the first African-based executive to make their list.

Read also:Kenya-based music startup Mdundo raises $6.4m lists on Danish exchange

In his new role, Dlamini will continue to work closely with Adam Granite, UMG’s EVP, Market Development, to identify further opportunities for artists signed to Universal Music Africa to reach new audiences around the world, utilizing UMG’s unrivalled global network of industry-leading businesses spanning more than 60 countries worldwide.

Within South Africa, Dlamini has been joined by hugely experienced senior executive Elouise Kelly, who has been appointed Chief Operating Officer, Universal Music South Africa and Sub-Saharan Africa. She will be based in Johannesburg and will report to Dlamini. Kelly Joins UMG from global advertising and media agency Ogilvy, where she held the position of Managing Director, South Africa. With a proven and award-winning background in branding, marketing, communication and commercial business strategy, she will play an integral role in the further expansion of Universal Music Africa and its operations and label divisions. Prior to working at Ogilvy, Kelly held senior positions at SABC, Top TV, Viacom International Media Networks and M-Net.

Read also:How Startups Are Changing The Face Of Africa’s Music Streaming Service

In addition, Chinedu Okeke has been named Managing Director, Universal Music Nigeria and will lead the development and expansion of UMG’s existing operations within Nigeria, and further English-speaking markets in West Africa. He will be based in Lagos, Nigeria and will report to Dlamini. Okeke joins UMG having established himself over the last decade, as a successful business and live-music entrepreneur. He is the founder of Eclipse Live – A Live Entertainment Company focused on bringing live affordable entertainment to the youth of Africa and Eclipse Brand Agency, working with major clients, artists and commercial partners. He is also the founder and Executive Producer of Nigeria’s legendary Gidi Culture Festival, and a founding Trustee of Echo Music & Arts Foundation, and previously held positions at The Wicklow Group, Canvest Group & AP Moeller Maersk.

Announcing the changes, Adam Granite said, “I am thrilled to announce these strategic appointments, as we look to further develop our domestic infrastructure and label rosters within Africa. Most integral to achieving our long-term ambitions, is to build a strong leadership team on the ground, with deep foundations in each country to help grow a dynamic ecosystem for all to benefit in the future.

“Over the past few years, Sipho has shown great leadership, commitment and vision for music in Africa, helping UMG to introduce new talent to audiences around the world and identify opportunities to lead the industry in licensing and supporting new platforms to reach African music fans. Elouise and Chin both bring welcome new skills, proven entrepreneurship and important leadership experience that will only serve to bolster UMG’s position as the market-leader across Africa.”

Sipho Dlamini said, “There has never been a more exciting time for African music around the world, as it continues to influence and inspire culture and creativity, whilst reaching a wider audience globally each day through streaming. I am delighted to welcome both Elouise and Chin to the UMG family, their unique skills and experiences will only help to further establish UMG as a bedrock within the African music community, that will continue to put the interests and opportunities for artists first and help elevate African talent to new levels of success at home and abroad.”

As part of UMG’s strategy, the company is helping African talent reach new audiences internationally. In 2018, UMG became the first major label to licence its catalog to Boomplay, Africa’s largest local streaming platform. Last year, UMG released several acclaimed albums by African artists globally, including: Celia from Nigerian Afrobeats star Tiwa Savage (released in partnership with Motown Records U.S.) and South African rapper Nasty C’s – Zulu Man With Some Power (in partnership with Def Jam Recordings in the U.S., Island Records U.K. and other Universal labels around the world); Midnight Train from Kenya’s Sauti Sol; and Old Romance, the debut album release from Nigerian singer/producer Tekno, who is signed to Universal Music Nigeria in partnership with Island Records in the U.K. and U.S.

UMG also agreed a strategic partnership between Nigeria’s Aristokrat Records and Universal Music France and launched Def Jam Africa as a standalone label on the continent, with resources across five countries, dedicated to discovering the best in African hip-hop, Afrobeats and Trap music.   

Under the new leadership structure, each territory will continue to focus on domestic A&R and talent development with a unique suite of services available to local talent including marketing, promotion, bespoke brand partnerships, recording facilities and live music promotion and booking through UMG’s ULive Africa division. In Africa, UMG has led the industry, working hand in hand with both domestic and international platforms and Telco’s to help bring the best in global music to music fans across Africa.

UMG remains committed to helping bolster the wider local ecosystem, with continued focus on building a fair and prosperous market for all through better understanding and management of copyright and royalty distribution, and through the development of strong partnerships with platforms throughout the region which will be integral to introducing African music to a wider audience in years to come.

All three will work closely with French-speaking operations in Côte d’Ivoire, Senegal, Cameroon and markets within the continent, which operate under the leadership of Franck Kacou, Directeur General, Universal Music Africa. UMG is also working closely in partnership with parent company Vivendi, and several of Vivendi’s divisions, including CanalOlympia, Olympia Production, Vivendi and Canal+ to support and develop the live music industry throughout Africa. Tekno’s Old Romance, Tiwa Savage’s Celia, Sauti Soul’s Midnight Train and Nasty C’s Zulu Man With Some Power’ are all available now.

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

China To Overtake US As World’s Biggest Economy By 2028: Report

 China will overtake the United States to become the world’s biggest economy in 2028, five years earlier than previously estimated due to the contrasting recoveries of the two countries from the COVID-19 pandemic, a think tank said. “For some time, an overarching theme of global economics has been the economic and soft power struggle between the United States and China,” the Centre for Economics and Business Research said in an annual report published on Saturday.

China
China

“The COVID-19 pandemic and corresponding economic fallout have certainly tipped this rivalry in China’s favour.”The CEBR said China’s “skilful management of the pandemic”, with its strict early lockdown, and hits to long-term growth in the West meant China’s relative economic performance had improved. China looked set for average economic growth of 5.7 per cent a year from 2021-25 before slowing to 4.5 per cent a year from 2026-30.

Read also:Ethiopian Airlines China Flight Ban Extended Until End Of The Year

While the United States was likely to have a strong post-pandemic rebound in 2021, its growth would slow to 1.9 per cent a year between 2022 and 2024, and then to 1.6 per cent after that. Japan would remain the world’s third-biggest economy, in dollar terms, until the early 2030s when it would be overtaken by India, pushing Germany down from fourth to fifth. The United Kingdom, currently the fifth-biggest economy by the CEBR’s measure, would slip to sixth place from 2024.

However, despite a hit in 2021 from its exit from the European Union’s single market, British GDP in dollars was forecast to be 23 per cent higher than France’s by 2035, helped by Britain’s lead in the increasingly important digital economy.

Read also:Morocco Signs Covid-19 Vaccine Trials Agreement With China

Europe accounted for 19 per cent of output in the top 10 global economies in 2020 but that will fall to 12 per cent by 2035, or lower if there is an acrimonious split between the EU and Britain, the CEBR said. It also said the pandemic’s impact on the global economy was likely to show up in higher inflation, not slower growth.

“We see an economic cycle with rising interest rates in the mid-2020s,” it said, posing a challenge for governments which have borrowed massively to fund their response to the COVID-19 crisis. “But the underlying trends that have been accelerated by this point to a greener and more tech-based world as we move into the 2030s.”

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