The 8th Angel Fair Africa (AFA) will be held on 5th November 2020 in which the selected Africa tech ventures will pitch before a room of female and male investors.

The event gives entrepreneurs a chance to pitch their ideas to a host of investors from various sectors of the economy. This year’s AFA will be held virtually and it is only rightly so since the event is themed “The bold new normal in the new normal” doing deals in a virtual environment.

Having already amassed and distributed capital in the excess of USD 23 million in just 7 years since its inception in 2013, Angel Fair Africa has quickly gained popularity. The shortlisted finalists have been selected from various leading partners such as Google, Impact Hub Dakar, CTIC Dakar, MEST Africa, StartupBootcamp Africa, Viable, Adei Institute and iHub.

https://theexchange.africa/industry-and-trade/telcos/mastercard-vodacom-ink-a-cashless-system-deal/

With emphasis on gender balance in its representation of …

What Housing Act? Asks SA’s former Housing MEC 

In a most bizarre turn of events, the now-infamous Mosebenzi Zwane, former Free State human settlements MEC told a panel of jurors that he did not know the country had a Housing Act.

Mr. Zwane, baffled the commission and the world at large after he denied any knowledge of the existence of South Africa’s Housing Act, despite him running the government housing sector for one whole year.

Mr. Zwane is defending himself in a hot corruption scandal regarding ‘irregular use of funds and unlawful contracting processes in the Free State 2010 housing project.’

Read Also: Combatting Malaria in Rwanda

He also said he did not know how many houses were built during his time in office, but admitted that he personally oversaw the handover of at least 50 houses.

The unexpected answer from the former high ranking government official was described …

BRT Tanzania

With several 100 million dollars in investment^, the Dar es Salaam Bus Rapid Transit System (BRT) is an infrastructure that deserves as much awe as any other in the world.

The investment involves some19.3km of roadways traversed by over 100 buses. It has27 bus stations built with such style and elegance they do indeed give the city a facelift so to speak.

More than the aesthetic function, the infrastructure has indeed transformed the port city of Dar Es Salaam from the usual narrow roads dotted with vendors to 6 lanes and pave ways for passengers, it looks good.

The BRT system that was designed by a Brazilian international consulting firm called Logit ferries 1000s of passengers every day and given that its buses run on specialized lanes, they face no traffic and so it takes less time to complete the same routes that regular commuter …

As the World shakes off the effects of Covid-19, the global energy sector has a long way to go to recover, but the baby steps have begun.

In his remarks at the 20^th Meeting of the Joint Ministerial Monitoring Committee (JMMC), mid last month, the OPEC Secretary General, Mohammad Sanusi Barkindo, underscored the devastating impact of the Covid-19 pandemic and what he described as ‘…its complete disruption of daily life.’

 “These monthly meetings of both the JTC and the JMMC send a reassuring message that we are ready, willing and able to address shifting market conditions”, he said during the video conference.

The SG maintained that ‘…the historic actions taken by OPEC and its partners in the DoC have contributed to an improved balance in the oil market compared to the situation in April, however, the JTC and JMMC must remain vigilant in monitoring market conditions.”

While the global …

Who is Yasseen Mansour

Yasseen Mansour is one of Egypt’s richest men, born in 1962 born in one of the most prominent business families in Alexandria. He is part-owner of the Mansour Group and chairman of Palm Hills Developments, one of Egypt’s largest real estate developers.

Yasseen Mansour net worth

Yasseen Mansour net worth as of this year is at $2.3 billion ranking him among African billionaires and also as an Egyptian billionaire.
He is a shareholder in family-owned conglomerate Mansour Group, which was founded by his father Loutfy
Yassen is one of the five children of Loufty and the youngest brother of the two famous Egyptian billionaires, Mohamed Mansour and Youssef Mansour.
He attended George Washington University and received a bachelor’s degree of Art and Science in finance.

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Yasseen Mansour Career

In 1986 Mansour started his professional career with the Mansour Automotive Company. In 2005, he …

Tik-Tok and We Chat Now Banned in the United States.

The US has banned the popular video challenge App Tik Tok along with the mobile payment platform WeChat, citing home security threats.

In a move that was widely unexpected, despite the mounting Sino-US trade tensions. Tik Tok is very popular in the US (and around the world) and wracks in millions in advertisements and fees.

As of tomorrow (Sunday 20^th, 2020) We Chat will be shut down in the US but Tik Tok will have some leeway all the way to November. Should the supposed threat be neutralized before then, then the US will lift the ban, China has been informed.

Explaining the ban, Commerce Secretary Wilbur Ross said “The Chinese Communist Party has demonstrated the means and motives to use these apps to threaten the national security, foreign policy, and the economy of the US.”

Home security threat …

Who is Folorunsho Alakija

Folorunsho Alakija is one of the richest women in the world. she started her journey to wealth in the fashion industry and the entrepreneur spirit in her drove to oil prospectus, the rest is history, now Folorunsho Alakija is worth  $2.5 billion dollars making her one of the wealthiest Africans out there.

Born in Lagos, Alakija was schooled in the UK and attended Pitman’s Central College in London. As a passion, she was into the fashion industry and so she naturally also attended the Central School of Fashion.

When she returned back home, in Lagos Nigeria, she resolved to launch her own tailoring business and in no time became the National President and a Trustee for the Fashion Designers Association of Nigeria.

In fact, among Alakija’s customers included the wife of former Nigerian president Ibrahim Babangida.

That was just the beginning, in the early 90s, the …

Main contractors are pushing out specialised subcontractors from the industry by performing tasks that would otherwise be handled by the latter.

In an Exclusive interview with The Exchange, contractors from the Architects Association Tanzania (AAT) who attended the 10^th AAT Continuous Professional Development (CPD) Seminar that was held in Dar es Salaam said, the specialised contractors are not getting any work because when the main contractor is hired they push do perform work that would be done by the specialised contractors.

If you are wondering what am talking about it because you probably already got swindled by a main contractor.

Tanzania, Uganda finalize Africa’s longest oil pipeline deal

You see, the main contractor is the guy you give the ‘main’ job, lets say, to construct the house, the specialised contractor is the guy who comes to do the fine finishing after the construction is done. They handle the ceiling …

Before the dangers of lead were known, it was a common ingredient in house paint, where it acted as a pigment and increased durability. Though banned for use in paint in the U.S. in 1978, millions of homes, schools, and businesses still have lead based paint on their walls, both inside and out. According to the Environmental Protection Agency, lead paint can be found in:

• 24% of homes built from 1960-1978
• 69% of homes built from 1940-1960
• 87% of homes built before 1940

If the paint is in good condition and has been painted over, it usually doesn’t pose a problem. But if the paint is peeling or has been disturbed by scraping, sanding, or burning, it can pose significant health risks to people and pets, especially young children.

How Financial Exits have fared in Africa’s new normal

The case for Tanzania

Back in 2016, the Tanzania Bureau of Standards’ …

Will Zimbabwe Pay White Farmers Or Not?

The new government of Zimbabwe is hoping to make amends with its white citizens and investors but it may not be as easy as letting bygones be bygones.

While on the one hand, the government was hoping to apiece the said white communities by offering to compensate what they lost during the reign of the past regime that grabbed land and other properties from them, several functions in Zimbabwe will not have it.

As part of its deal with the US to have sanctions lifted, Zimbabwe was required to compensate the white farmers. And so earlier in August of this year, the government had announced that it intends to pay a whopping USD3.5 billion in compensation to white former landowners. Following the announcement, a group of ex-fighter gave the new government a 48 hours ultimatum to rescind the offer.

Also Read: Africa’s Debt