Southern Agricultural Growth Corridor of Tanzania (SAGCOT) on evolving the region’s agriculture potential has originated a project which will aid in the creation of 420,000 new jobs. Over the next 15 years, the project aims lift two million people out of poverty.
SAGCOT’s CEO, Mr. Geoffrey Kirenga broadcasted the launching of this project during the forum held in Dar es Salaam. It projects to convert around 350,000 hectares of land into profitable farmland, and will help 100,000 small farmers into commercial farmers.
The plan which encompasses various stakeholders from private sector as well is anticipated to generate the results by 2030. The various partners have committed to spend almost $1 billion dollar to facilitate the successful completion of the project. Read More…
Microsoft, fated as ‘Software Giant” is a multinational company commonly known for its expertise in computer technology that develops, manufactures, licenses and supports a diverse range of software products are looking forward to boost its ventures partnership programme in Africa. A programme was launched in June with an endeavor to offer tools, resources, expertise through partnerships around the world. Ventures partnership programme, an integrated global effort for expansion in Africa is one element of the Microsoft 4Afrika Initiative which was launched recently to initiate services in key sectors viz. agriculture, education and healthcare. Mr. Amrote Abdella, Director, 4Afrika Venture Capital and Startup programs articulated, “Through the 4Afrika initiative, we are deeply committed to fostering African innovation and to fueling Africa’s economic growth and competitiveness and we are very proud to see Microsoft Ventures extend its reach into the African continent”. He added, “We strongly believe that with the right support, African startups hold tremendous potential to impact both their local economies and the world’s perception of African-led innovation and entrepreneurship”.
To begin with, 88mph, a private seed fund with active work places in Nairobi and Cape Town was the first African accelerator to enter in partnership with Microsoft Ventures. The institution key intent is to offer initially set up web or mobile companies with a funding up to $100K through a 3-month startup accelerator programme. Microsoft in collaboration with 88mph is expected to present startups with mentorship, technology guidance, seed funding, joint selling opportunities and many more to explore. Mr. Nikolai Barnwell, Director, 88mph, Nairobi appreciated Microsoft in a statement, “Microsoft is a company that deeply understands the value of the ecosystem, and we believe that by working together, 88mph and Microsoft can offer a world class launch pad to African startups looking to achieve true scale”.
“I for Afrika” held on 3rd-5th October, 2013 at ITC Maratha, Mumbai presented an attractive platform for Africa & India to have exchange of business views and discussed current opportunities accessible for both these nations. The event mainly aspired to augment business partnerships amongst Indian and African entrepreneurs with its focus on sectors of high priority, enhancing capacity building initiatives and resources mobilization programs; thereby play a pivotal role as a facilitator for exchange of business. The three day event entailed cultural events, networking sessions, launching of their annual publication, B2B meetings and outdoor visits.