BUSINESS

Regardless of your notion about Windows phone, the camera features specifically for Lumia devices have been pretty standout. However, the need for a “panorama mode” feature should be inclusive on the device by default.

It’s sort of uninteresting trying to snap with a Lumia 950 or 950 XL and having to download a separate app before you can use the Panorama mode. Well, there’s sign of improvement in the air!

Microsoft’s upgrading the Windows Camera app will simply provide the panorama app integrating with multiple devices. Industry analysts had a feel of the new updated feature for over a month, giving hopes of happiness to the Windows phone users. Continue Reading... 
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The power of sport is gradually embracing the potential of the smartphone. The Olympic priceless treasure – “The Medals” which has been the aim of athletes over the years may experience a new twist in design.

The medals for the 2020 Olympic Games in Tokyo will likely be designed from discarded smartphones. Organizers of the next Olympic are sourcing for a unique way of creating the gold, silver and bronze medals, according to Nikkel Asian Review’s Ken Sakakibara – Japan’s powerhouse renowned for its “urban mine” houses millions of discarded smartphones and other electronics.

The Verge reveals, Olympic organizers in Tokyo have a blueprint analyzed way back in June, to specially create the 2020 Olympic medals from tons of discarded electronics devices. Continue Reading...

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It’s a breath of fresh air in the making. When Uber – the renowned transportation startup and Volvo agrees to a partnership for a business venture, you know its definitely bound to re-define success.

According to Bloomberg report, Uber and Volvo have signed a $300 million agreement to develop autonomous vehicles which will firstly take off in Pittsburgh, Pennsylvania later this month.

An autonomous car is a vehicle that is capable of sensing its environment and navigating without human input. Autonomous cars can detect surroundings using a variety of techniques such as radar, lidar, GPS, odometry, and computer vision.

With this development, the Swedish-based carmaker owned by China’s Geely and ride-hailing service – Uber have visualize the potentials of developing the autonomous driving with an initial plan of launching the Volvo’s XC90 SUV model to commence the ground-breaking partnership. The investment resources are motivated to be shared equally by both companies involved.

This deal is in a bid for Uber to attract and team up with vehicle manufacturers at Silicon Valley, and largely plan to discard its minicabs drivers. Continue Reading...

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Intel has officially bought Nervana Systems, a two-year-old machine startup in a bid to expand and dominate its data center business.

Artificial intelligence is definitely the next big thing, which is innovating like a speed of light among the Corporate data centers.

Recode reports the deal is valued within $350 million, but Intel declines to share the financial details of the deal.

Nervana System boasts of quality proved technology leadership, with Naveen Rao – former Qualcomm researcher recording great success in $25 million raised in venture funding.

Rao said that the deal didn’t reflect any hurdles in getting more capital to stay independent. Continue Reading...
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Apple is officially offering their customers in Korea, Asia free streaming services on Apple Music. The offer is up for three-month, it's a free trial its devices on iTunes and the dedicated Music app on iOS. 

Apple made the announcement via Apple Music's official Twitter account and the company's regional website both social platforms contain links to sign up for a three-month trial. Continue Reading...

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Its a creamy nice payday for Jeff Bezos.

Amazon reports that, in his most valuable stock sale ever, the Amazon founder and CEO sold about 1 million shares of his company this week. That's more than $755 million worth of stock.

The sale itself is routine; Bezos sells a huge number of shares every year on a predetermined schedule — but the sheer bounty is pretty extraordinary.

Amazon just posted its third-straight record-breaking earnings, and the stock is up almost 44% since his last big sale, according to Yahoo Finance. Continue Reading...

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This is great joyous news for consumers of Nike products. Today, the US sporting manufacturing company in a press release re-launches its presence on Android and on the Google Play store with Nike+ app. Nike previously withheld its app for a very long time but has finally rescinded its decision to fully start afresh. 

The new Nike+ app creamy savors the heart of what the company focuses on; which is pure selling its products. Continue Reading...

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If your interest level has been high from the onset in getting Microsoft's HoloLens but you are not a developer, you are in luck as it can now be yours if you have $3000 to purchase it if you live in US and Canada. It seems as though now Microsoft will give everyone the opportunity to own their augmented reality headset, because the developer trial has finished, at least for now. 

Again, anyone can buy the augmented reality headset if you have a Microsoft account, reside in the USA or Canada and you have $3,000 (£2,250) to spare. 

The company released an ad for the headset, to aid companies and business customers to try the hardware. It includes added security and features like device management and "kiosk mode", which lets companies limit users to not to go beyond the currently running apps handy for demos or showcases. Continue Reading...
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Tech giant Samsung Electronics Co Ltd said on Thursday its second-quarter operating profit likely rose 17.4 percent from a year earlier, its highest in more than 2 years as Galaxy S7 smartphone sales propelled mobile earnings.

The world's top maker of smartphones and memory chips said its April-June profit was likely 8.1 trillion won ($7 billion), better than the average forecast of 7.8 trillion won tipped by a Thomson Reuters survey of 16 analysts. It was the highest since a 8.5 trillion won profit in the first quarter of 2014.

The mobile division likely was the top earner for the second straight quarter, raising the question of whether the South Korean company can sustain this strong momentum in the face of competition from Apple Inc and cheaper Chinese rivals.

"At this point it appears unlikely that we'll see stronger competing devices emerging (in the second half)," IBK Asset Management fund manager Kim Hyun-soo said.

Apple's new iPhones - likely to launch around September - would not offer any dramatic new features, Kim said.

While Samsung will not disclose detailed results until late July, its shares rose on the guidance. They were up 1.7 percent as of 0132 GMT, compared with a 1.1 percent rise for the broader market. Continue Reading...
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Naira Plummets Against Dollar
Nigeria's currency, the naira, has has fallen 23% against the US dollar in the first morning of trading after the removal of the currency peg, Reuters News reports.

Bloomberg's Africa reporter has tweeted a graph of the naira's fall this morning:

"#Nigeria's #naira devalues to 254 against the dollar as it floats for the 1st time. That's a drop of 22%."

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The decision by Nigeria’s central bank to float the embattled currency, the naira, comes into effect today.

The bank will now deal directly with 10 primary dealers who may then offer services to any organisation, individual or company seeking foreign exchange in the country. 

This ends the months-long peg against the dollar by the apex bank. 

Some experts believe that the naira's value will drop significantly and the inflation rate will increase as the new policy kicks off. 

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Nigeria's Senate has accused the government of "short-changing" the country by reducing the fine of mobile phone giant MTN from an original $5.2bn (£3.4bn) to $1.7bn, according to Vanguard newspaper reports

The Senate had summoned top government officials, including the communications minister and attorney-general, to explain the "ridiculous settlement payment plan", according to a letter sent by the chairman of the senate's communication committee.

Government officials said the fine had been reduced to protect the jobs of some 500,000 Nigerians working for MTN, and not to deter foreign investors.   

The fine was imposed over MTN's failure to disconnect unregistered Sim cards, a measure aimed at preventing militant Islamists and criminal gangs from going under the radar.
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As part of their expansion programme into Africa, Uber has announced that it will be branching out into other areas in order to build its logistics business. This involves introducing UberEverything, a service that handles food delivery and courier transportation, into Africa. 

UberEverything will be made up of UberRush, a personal courier service, and UberEats, a food delivery service. According to Uber’s General Manager for sub-Saharan Africa, Alon Lits, UberEverything will pilot in South Africa before the end of the year.

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Reid Hoffman, 48, co-founder of social network LinkedIn Corp, added almost $1 billion to his fortune today, Monday after the company’s value soared on news that Microsoft Corp. will buy the business for $26.2 billion. 

According to the Bloomberg Billionaires Index, His net worth has risen almost 60 percent since it’s low point of $2.4 billion on Feb. 9. Hoffman, whose investments include Zynga Inc. and Facebook Inc., has a net worth of $3.8 billion.

>>Bloomberg
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Nokia has signed a 1.36 billion euro ($1.5 bn) one-year framework deal with China Mobile, the Finnish company said on Monday, easing fears that it would lose market share while it merges operations with Alcatel-Lucent.

Shares in the company were up 0.2 percent as of 1120 GMT versus a Helsinki bourse down 1.42 percent.

Nokia's network equipment sales fell more than expected in the first quarter as buyers held off due to the Alcatel integration process.

China Mobile is Nokia's biggest customer in China.
"In the light of this announcement, China is not the market which one should be very worried about this year. They've managed to hold on to the positions of old Nokia and old Alcatel," said Nordea analyst Sami Sarkamies, who holds a 'buy' rating on the stock. Continue Reading....
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Microsoft has acquired LinkedIn for $26.2 billion, marking one of the biggest tech mergers in recent memory and giving the software giant a firm foothold in the online professional world.

The move is easily the largest by Microsoft (it bought Nokia for $7.6 billion in 2013 and Skype for $8.5 billion in 2011), and marks its largest entry into the social media realm (it bought Yammer for $1.2 billion in 2012).

LinkedIn was founded in 2002 and grew into the largest professional social network, with 105 million active monthly users and more than 433 million accounts. 

Microsoft announced the deal in a blog post on Monday morning.

In an email to staff, Microsoft CEO Satya Nadella touted the pairing as a way to improve both companies by integrating LinkedIn's content and network with Microsoft's cloud computing and productivity tools. Continue Reading...
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The Facebook sponsored “CyberXchange Hackathon Conference” is finally coming to Africa for the very first time and Lagos, Nigeria has been chosen to be its first point of call.

CyberXchange 2016 Conference, is the largest cybersecurity hackathon competition to ever hit Africa. The hackathon is being hosted in partnership with Facebook who have set foot in Africa and are making even larger strides towards the global epidemic of cybersecurity.

The goal of the Hackathon during this conference is to bring the brightest university students and young professionals to come with amazing ideas and creativity. Continue Reading...

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Earlier today, Toronto officials proposed new rules to allow Uber (ride-hailing service) to operate in the city and let traditional taxis compete on fares. Other recommendations include; taxi companies would be permitted to offer lower rates for trips not hailed off the street.

According to Reuters, the proposed changes would create a separate license for private transportation companies, which use a smartphone app to connect passengers with private drivers who use their own vehicles.

Uber Technologies Inc's private-vehicle drivers are currently unregulated, and taxi supporters were pushing for them to be held to the same rules as taxis. Continue Reading...
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When planning your content marketing strategy, its important to decide what is worth creating and what you shouldn’t? Ensure every piece of content you create serves a clear purpose for your business marketing efforts.

The objectives of your content marketing strategy will guide you through the planning, execution , measurement and managing your content. Thus, reducing your workload over time and making your content much more effective.

Marketing leaders must sometimes say No, they need to hold the line and decide which social media platforms are ideal for their brand from a strategic and customer point of view.
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Nokia has begun cutting thousands (about 1,300) of jobs in its native Finland, following its acquisition of France's rival Alcatel-Lucent, the telecom network equipment maker said in a statement on Wednesday.

The Finnish telecoms equipment maker wants to save about €900m by 2018 in operating costs through combining its business with Alcatel, focusing on areas of overlap such as research and development, sales and corporate functions.

It's still unclear on the plans of Nokia on how many positions or how many jobs would be lost in total in other countries or globally.


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Rapper Jay Z is suing the former owners of his music streaming service, Tidal, claiming they gave him an exaggerated figure of subscribers ahead of the sale. 

According to reports, Jay Z filed paper work against Swedish venture capital company, Verdane claiming Aspiro and the music streaming platform WiMP, which would later become TIDAL, had far fewer than the 503k subscribers, the company had claimed they had at the time of the sale.


Jay Z bought Aspiro for $56 million in March 2015 and he is said to be seeking about $15m, according to Norwegian media.

Continue Reading...
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The Portuguese Professional Football League (LPFP) has announced it has teamed up with Samsung Electronics to allow its staff to compile and file official league match reports using Samsung tablets.

Until recently, official league staff had to fill out forms by hand and then fax copies to the league official board, meaning they reached their targets long after matches had ended. And when you consider that there are 42 teams in Portugal’s top two professional leagues, this process entailed a pretty significant amount of paperwork.

Continue Reading...
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Fiston Mwanza Mujila, Emerge Winner Of The Etisalat Prize For Literature 2015
The CEO Etisalat Nigeria, Matthew Willsher giving the welcome speech
The African literary space witnessed a fresh wind of fiction story telling. As Etisalat Nigeria held its third edition of the Etisalat Prize for Literature on March 17th at Four Points by Sheraton Hotel.

The Etisalat Prize for Literature is the first ever pan-African prize celebrating first time writers of published fiction books. The Prize aims to serve as a platform for the discovery of new creative talent out of the continent and invariably promote the burgeoning publishing industry in Africa.

The award ceremony this year embodied the theme: "Representing the Diversity of African Voices." It dwells on showcasing the richness of Africa and how our diversity converges into one unique voice of the continent. 


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Uber, a popular online taxi hailing service has announced it is trialing cash payments in Lagos, following users’ request for the payment option.

This is how it works;

1. Open up the app and go to the menu in the top left corner and select Payment tab

2. Select ‘CASH’ as your payment option

3. Request for a ride

4. Confirm your pick-up location and payment method

5. Before you get out, pay the amount shown directly to the driver – No haggling required! Continue Reading...

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Business Entrepreneur Tips


Building a business is all about doing something to be proud of, bringing talented people together and creating something that's going to make a real difference to other peoples' lives.

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MTN Seeks Extension of Deadline to Pay U.S.$5.2 Billion Fine

MTN CEO, Phutuma Nhleko
Shortly after taking over the helm of affairs at MTN, the Executive Chairman, Phutuma Nhleko yesterday said that it hoped to resolve the lingering crisis around the $5.2 billion fine in two weeks.

Although, he has not asked for extension as a person, but industry analysts, yesterday, opined that his statement that he will resolve the issue in two weeks suggest that the telecommunications giant may not be able to meet the November 16 deadline (which is about five days from now), set by the Nigerian Communications Commission (NCC) for it to make the payment and as such may be running for an extension.

The NCC had on Monday insisted that MTN Nigeria must pay the fine no matter the challenges surrounding the telecommunications firm's management. Continue Reading...

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MTN Nigeria has announced the renewal of its operating spectrum and digital mobile licence by the Nigerian Communication Commission (NCC). Both were meant to expire in February 2016 but have been extended to August 31, 2021. 
We view this extension as a demonstration of confidence in MTN’s capacity to continue to provide ground-breaking and innovative services to its customers,” MTN’s corporate affairs executive, Akinwale Goodluck, said in a statement. 
The largest telecommunications organisation in Africa got the renewal at a cost of $94.2 million. Continue Reading...

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Although considerable progress can be said to have been made in the e-commerce world in Nigeria, trust has been identified as its greatest and biggest challenge.

This much was stated by the Managing Directors of Africa Internet Group - backed Kaymu, Lamudi, Carmudi, Hellofood and EasyTaxi at the Fireside chat event hosted by iDea Nigeria, a Lagos-based incubator and accelerator for techpreneurs.

Sefik Bagdadioglu, MD of Kaymu, stated that the issue of trust is commonplace in the world right now but said companies need to come up with ways to earn the confidence and loyalty of their customers. Continue Reading...

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MTN Nigeria has failed in its attempts to have its landmark N1,04 trillion (US$5,2 billion fine by the Nigerian Communications Commission (NCC) imposed on it lowered, it has emerged.

This follows a series of meetings between MTN management team from South Africa and Nigeria with the Vice President, Prof. Yemi Osinbajo.

An official of the telecommunications company, said the Presidency insisted the company must pay the sanction. The informant disclosed there were plans to pay in installments.
"There are plans that MTN Nigeria may stagger the payment of the fine," he said. 
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The Nigeria Communications Commission (NCC) has suspended all regulatory services to MTN Nigeria until its pays the N1.04 trillion ($5.2bn) fine for flouting its directive to deactivate 5.2 million incomplete subscriber identification module (SIM) cards on its network.

Consequently, the share price of MTN Group reacted failing by 12 per cent yesterday.

Nigeria's largest mobile operator with headquarters in South Africa is in for more trouble for 28 accumulated breaches. MTN Nigeria N1.04 trillion ($5.2bn) for not deactivating incomplete SIM cards on its network.

According to an NCC document which catalogued MTN's numerous infractions, the regulator decided to wield the big stick to beat MTN into line. Continue Reading...

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Founder Of Zara Was The Richest Person In The World Surpassing Bill Gates For Few Hours                                       
                           
Overthrowing Bill Gates for just a few hours is a big deal, don’t you think? At one point on Friday 23rd of October, Forbes put Amancio Ortega's fortune at $79.9 billion, putting Bill Gates’ at $79.5 billion. 

Later in the day, thanks to fluctuations in the euro as well as the surge in Microsoft, Gates had $79.3 billion and Ortega a mere $78.5 billion. 

Amancio Ortega is a Spanish self-made Billionaire and the founder of the world's biggest fashion retailer ZARA. Continue Reading...

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UBER Smiling At Ease With Yet Another Billion

                         

Yet another billion for Uber. American international transportation network company UBER is reportedly planning to raise to $1 billion in new investment according to New York times. Investors are looking at a valuation of between $60 billion and $70 billion for the 6-year-old startup.

I will update this story once I get a response from an Uber spokesman. Continue Reading..

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Google's Android One program has arrived in Africa with the launch of the Hot 2 from Infinix.

The Hot 2 is launching in six markets in Africa: Nigeria getting the nod will be first to get the device, followed by Ghana, Ivory Coast, Kenya, Egypt, and Morocco in coming weeks. The Hot 2 comes with a recommended retail price NGN 17,500 ($90).

Launched last year, the Android One initiative was intended to give Android a new edge in developing economies and allow Google more control over how the operating system is used in such areas. Android One phones have already been released in several countries in Asia as well as in Turkey.

Avoiding the mistake of only selling Android One devices online that it made in India, in Nigeria the Hot 2 will be sold both online, through Jumia, as well as through bricks and mortar stores. The device is also available at the stores of Nigerian operator MTN across the country. Continue reading...

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Google figured out something important: You can sell businesses the future, but they’ll show up with lots of the past.

The company on Thursday showed off changes it had made to Chrome, its operating system for business computing, aimed at enabling companies to run most of their legacy software applications. Dell announced new Chromebooks, as the system laptops are called, and management software to work with the product.

Not incidentally, the changes will make it easier to move a company that is currently using applications written for Microsoft’s Windows operating system. Continue reading...

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Anxious for the new iPhone? I feel the same way. You may not have to wait long before Apple unveils it. According to Business Insider, Apple will hold an event on September 9 to announce the new iPhone. Continue reading...

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#BeingFemaleInNigeria is no easy feat. Being a woman in business is even tougher. You have a lot to worry about, & then, to cap it all, you have to make sure you’re moving with the latest technological trends. 

It is not such a sad story though, because, honestly, many women are doing great things with technology, and using the Internet to grow their businesses.

For example, Abike started her business with only N5000, when the bead craze had just started. Everyone was doing the same thing, but only one thing made her stand out from the rest; the Internet. Continue reading...

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Samsung Electronics West Africa (SEWA) in strategic partnership with Rifugio Communications Ltd who is an accredited local partner licensed to operate Samsung Experience Stores in Nigeria has set up a state of the art experience store at the Nelle Mall on Admiralty Way Lekki phase 1. The experience store will boost Samsung’s retail market expansion drive as the store boasts of a wide display of various Samsung phones, tablets and accessories for consumers. Continue reading...

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With 120 Million Facebook Users in Africa, Facebook Officially Opens For Business



Facebook has opened its first office in Africa to further the company’s commitment to help businesses connect with people and grow locally and regionally.

The company’s Africa approach will see it partnering with governments, telecom operators, agencies and other stakeholders to deliver localised solutions to advertisers and users continent-wide.

Most especially, it will continue to focus on tailoring solutions, metrics and ad formats to the needs of customers and advertisers in the mobile-first, mobile-only African environment. Continue Reading...

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PayPal And eBay To Trade Separately Starting Next Month
John Donahoe of eBay
PayPal and eBay EBAY -1.04% are officially breaking up and will start trading as individual companies next month.

On Friday, eBay’s board of directors approved the completion of PayPal’s separation from the online retailer. After July 17, PayPal and eBay will function as two individual, publicly traded companies. The first day of regular trading for the duo as distinct companies is expected to be July 20, according to a company press release.

John Donahoe, president and CEO of eBay, said that the split will allow PayPal and eBay to “have a sharper focus and greater flexibility to pursue future success in their respective global commerce an payments markets.” Continue Reading..

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The proponent of African startups and Executive Producer of Demo Africa who have travelled the continent to identify innovative local companies at their earliest stages, have identified reasons African investors do not invest in technology companies.

Harry Hare, chief executive officer of African eDevelopment Resource Centre, franchise owner of Demo Africa, a technology launch pad for startups in Africa, averred that in the past few years of Demo Africa’s existence “we have noticed that Africa-based investors are yet to come to the table when it comes to investing in technology start-ups”. Continue Reading...

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Quote: Be Real!  

For me, that is correct in all facets of life! Does anyone disagrees with it?  

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Akinwumi Adesina of Nigeria Elected 8th President of the AfDB


Dr. Akinwumi Adesina, President African Development Bank



By the standards of global banks this one is a tiddler. With total assets of just $33 billion the African Development Bank (AfDB) is little bigger than the Bank of Oklahoma, America’s 38th-largest. The proposed Asian Infrastructure Bank, whose founding members met this week, will likely be larger at birth: it expects to start out with authorised capital of $50 billion. Yet the AfDB, a multilateral bank owned mainly by African countries, is the biggest financier of infrastructure on a continent that is desperately short of roads, rails and power plants. And since it is African, it has licence to criticise governments and suggest policies that may otherwise be shrugged off if they came from institutions such as the World Bank or IMF.

Read more.

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