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Nigeria Launches $618 Million Tech Fund for Young Investors
Nigeria launched a $618 million fund on Tuesday to support tech and creative sectors for young investors who struggle to raise capital in Africa's largest economy.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- creative economy, failure, startups, youth
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African Development Bank, Partners Invest $618 Million to Grow Nigeria’s Creative Enterprises
The African Development Bank and some partners have officially launched a new Investment in Digital and Creative Enterprises (iDICE) programme.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Announcing NextBillion’s Most Influential Articles of 2022
NextBillion’s “Most Influential Article of the Year” contest has concluded, and after tallying the votes, we’re excited to announce the three winners, as selected by our readers. Congratulations to the winners and their organizations! And many thanks to the other contestants, to all our guest writers from the past year – and also to the unsung heroes: the comms teams that play a key role in facilitating many of our articles.
- Categories
- Finance, Technology
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How Art Indices Are Changing the Narrative of the Indian Art Market
What makes some works of art so pricey is a question that has intrigued many of us. Art indices solve this mystery to some extent and bring transparency and consequentially global exposure to the art market.
- Categories
- Investing
- Region
- Asia Pacific
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Bringing the Digital Media Revolution to Africa: How Innovative Local Publications are Positioning Themselves for Rapid Growth
In Africa, legacy media outlets – both foreign and domestic – are often criticized for being politically biased and racially tone-deaf, while overlooking topics of critical importance to the public. But according to Tomiwa Aladekomo at Big Cabal Media, a new generation of digital publications are highlighting the issues and perspectives that legacy publishers have avoided. He explores how these innovators are navigating the inherent difficulties facing the media industry in Africa, while linking the journalistic strengths of traditional media to the youthful energy and global reach of social media.
- Categories
- Technology, Telecommunications
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Big Cabal Media Raises $2.3 Million to Expand its Line of Digital Products in Africa
Big Cabal Media (BCM), a leading African digital media company, has announced a $2.3 million Seed funding round, emphasising its commitment to keep building exciting and authoritative media products and brands.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Where the ‘New Formal’ is the New Normal: Lessons on Innovation from India’s Artisan Economy
In India alone, over 200 million livelihoods are linked to the artisan economy, and the sector is a key source of employment for women and other marginalized groups. But according to Priya Krishnamoorthy and Aparna Subramanyam at 200 Million Artisans and Anandana Kapur at the Harvard Kennedy School, these largely informal creative businesses face systemic bias. They discuss the reasons for this lack of support, and explore a solution that leverages the advantages of informality and formality to empower these enterprises and the communities they serve.
- Categories
- Social Enterprise
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African Development Bank Approves USD $170 Million for Investment in Nigeria’s Digital, Creative Start-Ups
The Board of Directors of the African Development Bank (www.AfDB.org) has approved a loan of US$170 million to finance a digital and creative enterprises program in Nigeria.
- Categories
- Education
- Region
- Sub-Saharan Africa