A New Nigerian VC is Trying to Democratize Startup Funding for Everyday Investors

AfricaBusinessNewsA New Nigerian VC is Trying to Democratize Startup Funding for Everyday Investors

PilotnewsApril 19, 2020

The subject of funding is nearly always top of mind in Nigerian startup and venture spaces. But while founders and startups looking to raise funding have typically had to look to the US and Europe for venture capital, there’s an increasing number of options back home. The latest addition to that growing list is the Future Africa Collective, launched by Iyin Aboyeji, who made his name as a early co-founder of Andela and then Flutterwave....

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If Covid-19 is Not Beaten in Africa it Will Return to Haunt Us all

AfricaCoronavirusOpinionIf Covid-19 is Not Beaten in Africa it Will Return to Haunt Us all

PilotnewsApril 17, 2020

Only a global victory can end this pandemic, not a temporary rich countries’ win. By Abiy Ahmed The writer is prime minister of Ethiopia and the 2019 Nobel Peace prize laureate There is a major flaw in the strategy to deal with the coronavirus pandemic. Advanced economies are unveiling unprecedented economic stimulus packages. African countries, by contrast, lack the wherewithal to make similarly meaningful interventions. Yet if the virus is not defeated in Africa, it will...

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Africa Records 60 Percent Increase in COVID-19 Deaths – WHO

AfricaCoronavirusAfrica Records 60 Percent Increase in COVID-19 Deaths – WHO

Chris UlasiApril 16, 2020

The World Health Organisation (WHO) says the number of Coronavirus (COVID-19) cases in Africa has increased by 60 percent. WHO Regional Office for Africa in Brazzaville, Congo gave the update in a “COVID-19 Situation Report” posted on its official twitter account @WHOAFRO on Thursday. “Over the past week, there has been a 51 percent increase in the number of cases and a 60 percent increase in the number of deaths reported in the WHO African...

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France pushes for Global Moratorium on African Debt in Virus Crisis

AfricaEconomyFrance pushes for Global Moratorium on African Debt in Virus Crisis

Chris UlasiApril 15, 2020

French President Emmanuel Macron on Wednesday called for a global moratorium on debt payments by African countries to help them cope with the COVID-19 pandemic. Macron told Radio France Internationale (RFI) that he hoped a virtual meeting later on Wednesday of finance ministers from the G20 group of countries could agree to the moratorium. It should involve all major Western powers – China, Russia, and the Gulf states, as well as multilateral lenders, Macron said....

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China fails to convince anyone videos of Africans being evicted is just a “misunderstanding”

AfricaNewsWorld NewsChina fails to convince anyone videos of Africans being evicted is just a “misunderstanding”

PilotnewsApril 14, 2020

China has spent the last few days trying to manage a damaging story about how local authorities in the city of Guangzhou have been targeting black African migrants for eviction and forced coronavirus testing. The story rapidly went global after numerous videos and images of Africans being evicted, blocked from hotels or even being barred from a local McDonald’s went viral on social media platforms including Twitter, Facebook and WhatsApp. Beijing had tried to downplay...

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UPDATE 2-African Ambassadors Complain to China Over ‘Discrimination’ in Guangzhou

AfricaForeign PolicyUPDATE 2-African Ambassadors Complain to China Over ‘Discrimination’ in Guangzhou

PilotnewsApril 13, 2020

African ambassadors in China have written to the country’s foreign minister over what they call discrimination against Africans as the country seeks to prevent a resurgence of the coronavirus. Several African countries have separately also demanded that China address their concerns that Africans, in particular in the southern city of Guangzhou, are being mistreated and harassed. Having brought under control the original outbreak centred on the city of Wuhan, China is now concerned about imported...

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UPDATE 1-China in the Driver’s Seat Amid Calls for Africa Debt Relief

AfricaEconomyWorld NewsUPDATE 1-China in the Driver’s Seat Amid Calls for Africa Debt Relief

PilotnewsApril 13, 2020

* G20 likely to endorse debt moratorium this week-sources * African nations pushing for broad debt relief * China now Africa’s largest bilateral creditor * Beijing finds itself in an unfamiliar role (Adds comment from Chinese foreign ministry) April 13 (Reuters) – Support is growing for debt relief to help the world’s poorest, indebted nations – most of them in Africa – confront the economic havoc wreaked by COVID-19. But there is one big question...

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UPDATE 2-Child Labour Still Prevalent in West Africa Cocoa Sector Despite Industry Efforts -Report

AfricaLabourSpecial ReportUPDATE 2-Child Labour Still Prevalent in West Africa Cocoa Sector Despite Industry Efforts -Report

PilotnewsApril 11, 2020

The use of child labour on cocoa farms in top producers Ivory Coast and Ghana has risen over the past decade despite industry promises to reduce it, according to a draft of a U.S. government-sponsored report seen by Reuters. More than 2 million children worked in the sector last season in the West African countries that produce about two-thirds of the world’s cocoa, according to the draft of a report funded by the U.S. Department...

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Chad Army Says 52 Troops, 1,000 Jihadists Killed in Offensive

AfricaNewsPoliticsChad Army Says 52 Troops, 1,000 Jihadists Killed in Offensive

PilotnewsApril 10, 2020

N’Djamena (AFP) – The Chadian army said Thursday it had wound up an offensive against Boko Haram jihadists in the Lake Chad border region in which 52 troops and 1,000 jihadists were killed. Army spokesman Colonel Azem Bermendoa Agouna told AFP that the operation, launched after nearly 100 soldiers were killed last month, ended Wednesday after the Nigerian jihadists were forced out of the country. “A thousand terrorists have been killed, 50 motorised canoes have...

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Facebook expands COVID-19 Information Centre to Nigeria, 16 Other African Countries

AfricaCoronavirusNewsFacebook expands COVID-19 Information Centre to Nigeria, 16 Other African Countries

PilotnewsApril 9, 2020

Facebook says it will be expanding its Coronavirus Information Centre to 17 more countries in sub-Saharan African, including Nigeria Kojo Boakye, Facebook’s Head of Public Policy, Africa, who made the disclosure on Thursday, noted that the information centres form part of Facebook’s effort to help the global fight against the Coronavirus pandemic. According to him, Facebook will be providing people with the latest news and information from trusted health authorities. “The COVID-19 Information Centre features...

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