Geneva, April 17th, 2019 – Seedstars is partnering with First Growth Ventures to launch Seedstars Africa Ventures, a sub-Saharan Africa fund targeting $100mn to make early-stage minority investments from USD 250,000 to USD 5 million in the most promising and innovative ventures across sectors and countries. The fund is expected to make its first investments by the end of this year.
The partnership between Seedstars and First Growth Ventures was announced on April 4th, 2019 at the Seedstars Summit in Lausanne. Seedstars, the preeminent startup community for emerging markets active in over 80 ecosystems, offers unrivaled dealflow, market access and startup support programs. With activities in over 20 sub-Saharan Africa markets and physical hubs in key countries such as South Africa, Nigeria, Ivory Coast and Tanzania, the fund is being developed on strong foundations. The First Growth Ventures founding team brings investment and support experience covering tech startups and high growth enterprises in Africa, Europe and MENA. The partnership structure allows for independent decision making, enabling the fund to target both Seedstars accelerated start-ups and other companies.
Most venture funds focus on finding the next African tech unicorn in only a few ecosystems, but unicorns are rare on the African continent. Seedstars Africa Ventures will also be searching for “Gazelles”: post-commercialisation, scalable, high growth companies that are plentiful on the continent outside the three main VC markets. Some of Africa’s most successful companies have developed products and services addressing the needs of the entire population, beyond the digital frontier, and these ventures will also be on the radar for the fund.
Veteran Professor changed Makerere and Higher Education
When Professor John Ssebuwufu ambled up to receive a certificate of recognition for his ‘exceptional’ contribution to higher education from the Regional Universities Forum for Capacity Building in Agriculture (RUFORUM) at Makerere University (MU), he was thinking of many things, such as rewarding staff, that he could have done differently to impact university education more.
But he did what he could have done, under the circumstances.
He presided over MU (in 1993) when student enrolment was 5,000 and left in 2004 when the population was surging to more than 15,000.
He emphasised the use of information communication technologies in almost all the institutions he had been involved in and sent many academic staff on exchanges to boost research and innovation. Now, more African universities engage in ground-breaking research.
So, he proceeded to accept his recognition and make his acceptance speech, which was mostly about gratitude.
Ssebuwufu, 74, who is currently the chancellor at Kyambogo University and the vice-chancellor of the University of Kisubi, is credited for his exemplary leadership and pragmatic methods that have shaped higher education in Uganda and Africa as a whole.
Japan Africa Dream Scholarship (JADS) Program 2021/2022
The Japan Africa Dream Scholarship (JADS) Program is a capacity building project by the AfDB and Japan which was initiated in 2017 with the aim of providing two-year scholarship awards to highly achieving African graduate students to enable them to undergo post-graduate studies (i.e. a two-year Master’s degree program) in selected priority development areas on the continent and Japan. The overarching goal the AfDB and the Government of Japan seek to attain is to enhance skills and human resources development in Africa in under the Bank’s High 5s agenda (i.e. “Feed Africa”, “Light up Africa”, “Industrialize Africa”, “Integrate Africa” and “Improve the quality of life of the people of Africa”) and key Japanese development assistance initiatives. JADS core areas of study focus include energy, agriculture, health, environmental sustainability, and engineering. The program also seeks to promote inter-university collaboration and university-industry partnerships between Japan and Africa. Upon completion of their studies, the JADS scholars are expected to return to their home countries to apply and disseminate their newly acquired knowledge and skills in the public and private sectors, and contribute to national and continental socio-economic development.
About the JADS program
The JADS Program is open to applicants from AfDB member countries with relevant professional experience and a history of supporting their countries’ development efforts who are applying to a graduate degree program in energy development and related discipline. The program does not provide scholarships to any other graduate degree program.
The scholarship program provides tuition, a monthly living stipend, round-trip airfare, health insurance, and travel allowance.
Upon completion of their studies, the beneficiary scholars are expected to return to their home countries to apply and disseminate their newly acquired knowledge and skills, and contribute to the promotion of sustainable development of their countries.
Who is Eligible to Apply?
The program is open to those who have gained admission to an approved Masters degree course at a Japanese partner university. Candidates should be 35 years old or younger; in good health; with a Bachelor’s degree or its equivalent in the energy area or related area; and have a superior academic record. Upon completion of their study programs, scholars are expected to return to their home country to contribute to its economic and social development.
- Applicant requests for information and application forms and procedures from the chosen JADS partner university. For any inquiries, please contact JADS@AFDB.ORG
- Applicant completes required documents and sends them to the university.
- University evaluates and selects applicants.
- University sends selected candidates to the AfDB.
- AfDB reviews submissions from universities, prepares and approves the final list.
- AfDB contacts selected awardees, and informs the universities.
WHS Regional Meeting Africa 2021: Finance Chairperson’s Update
SOPs: Our plan is to have 200 sets of people in different spacious rooms…Prof. Tonny j. oyana, finance chairperson whs regional meeting africa
We are sincerely grateful to our sponsors…
Over 15 core sponsors…
Sessions: 60% Virtual, 40% Onsite…