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General News

AfDB Names 25 Finalists for $140,000 AgriPitch Competition

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The African Development Bank, AfDB, has listed 25 youth-led agriculture sector companies from 14 African countries that have advanced to the finalist round of the bank’s 2022 AgriPitch Competition.

In a statement issued on the website of the AfDB on Tuesday, the bank announced the 25 finalists for the competition.

According to the statement, the finalists will be awarded 140,000 dollars in grants and business skills training.
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It made the announcement in collaboration with the implementing lead Private Equity Support and partner organisations Eldohub and the Private Finance Advisory Network.

The 25 finalists include 17 women-owned or led small and medium enterprises.

Thirteen of them are from francophone countries, while the other 12 are from anglophone countries.

The competition targets African youth aged between 18 to 35 years working in the agricultural value chain.

Edson Mpyisi, the Chief Financial Economist and ENABLE Youth Coordinator, AfDB said the youths showed potential and innovation that existed in Africa.

“These young agripreneurs show great potential and are a testament to the level of innovation that exists across Africa.

“The bank’s support, through the AgriPitch Competition, will boost the bankability of these projects and provide a tangible step toward enhancing agribusiness and food security on the continent,” Mr Mpyisi said.

Furthermore, Diana Gichaga, Managing Partner at Private Equity Support said it was to evaluate potential from across the region.

“Its reassuring to see and evaluate hundreds of great potential investment opportunities from across the region.

“It reaffirms the crucial role that the agricultural sector plays in the African economy and the continued efforts to bring these initiatives to the fore through platforms such as the AgriPitch Competition,” Gichaga said.

The competition received more than 1,000 applications from African “agripreneurs,” including about 250 entries from women-owned or led small and medium enterprises.

The 25 finalists would receive training to build business skills capacity with the requisite tools and knowledge to bolster their investor readiness, financial management, and help them pitch bankable business proposals.

The AgriPitch competition is a central and recurring activity of the AfDB’s ENABLE Youth Programme, sponsored by the Youth Entrepreneurship and Innovation Trust Fund of the bank.

The 2022 edition is expected to award three start-up categories.

They are: Early start-ups (zero to three years of operation), and mature start-ups (three or more years in operation).

Also included are women-empowered businesses (firms with at least 51 per cent share of women ownership or founded by a woman).

The finalists are expected to pitch their business plans to potential investors in the AgriPitch deal room and be eligible for one-on-one mentorship, as well as access to post-competition digital expertise.

 


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

General News

Nigerian Military Makes History with Africa’s First Attack Drones, Bombs

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Nigerian Military, in partnership with Briech UAS, a communications company, has unveiled the first and largest indigenous attack drones and bombs in Nigeria and Africa.

Nigerian Military Makes History with Africa’s First Attack Drones, Bombs

Briech UAS, alongside the Nigerian Army, demonstrated these attack drones and bombs at the company’s headquarters in Abuja on Wednesday.

General Christopher Musa, chief of Defence Staff (CDS), hailed the initiative as a significant milestone in Nigeria’s progress toward self-reliance in defence technology and a crucial step in enhancing national security.

Musa highlighted the importance of developing combat drones, particularly for intelligence gathering. He pointed out that these drones would play a pivotal role in addressing complex and asymmetric security threats.

“These force multipliers will greatly enhance the operational effectiveness of our military, especially in a world where global politics complicate the procurement of advanced military hardware,” he stated.

“Countries that do not produce these solutions face bureaucratic and diplomatic challenges when acquiring essential platforms. We are directly addressing this challenge.

“If we do not produce what we need, we will be at the mercy of others, even if we have the financial resources to acquire them.

“By manufacturing these drones locally, Nigeria reduces dependence on foreign resources, ensures faster acquisition, and strengthens its ability to respond to security threats swiftly.

“With the brilliant minds we have, particularly among our youth, we can create outstanding technology that competes on a global scale,” Musa said.

Plateau Governor Caleb Mutfwang underlined the importance of supporting indigenous products for Nigeria’s growth.

He stressed that the drones would be vital in safeguarding the country’s sovereignty, particularly in Plateau State, where some of these technologies have already been deployed to enhance the efficiency of ground forces.

Mutfwang also revealed that his state was collaborating with local bomb and drone manufacturers like Briech UAS to counter insurgency with domestically produced weapons.

“As a nation, we made a mistake by allowing non-state actors to acquire capabilities nearly on par with state actors,” he stated.

“We’ve entered into a partnership that has led to the deployment of these facilities in our state. We’ve seen substantial improvements in the effectiveness of our security forces.

“It was a mistake to let non-state actors gather capabilities that could almost overpower legitimate state forces. We must correct that imbalance.

“We must ensure no one within our borders has capabilities that surpass or match those responsible for protecting our national sovereignty,” he added.

Earlier, Dr Bright Echefu, chairman of Briech UAS, noted that insurgent groups like Boko Haram and ISWAP have been using commercial drones for reconnaissance and attacks.

“These drones have been used to track and attack our troops, coordinating ambushes and executing crude aerial strikes,” he said.


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General News

FG Trains 49 Persons with Disabilities in IT Skills

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David Daser, president and CEO, DBI,
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Digital Bridge Institute (DBI), has trained and graduated 49 persons with disabilities (PWDs) from a nine-month IT programme aimed at bridging Nigeria’s digital divide.

FG Trains 49 Persons with Disabilities in IT Skills

The graduates, comprising 24 from DBI’s Lagos campus and 25 from its Kano campus, acquired industry-recognized certifications and essential digital skills to enhance their participation in the tech sector.

The IT Bridge Academy, a federal government initiative designed to support PWDs, provides specialized training to help them access opportunities in the modern digital economy.

The programme was implemented in partnership with Sightsavers International and is only the second of its kind in Africa, after a similar initiative in Kenya.

At the Lagos graduation ceremony, David Daser, president and CEO, DBI, represented by Viola Askia-Usoro, institute’s head of special duties, described the initiative as a major step towards digital inclusion.

“This academy is not just about education; it’s about creating opportunities for PWDs to realize their full potential,” he stated, highlighting the programme’s role in tackling stigma, discrimination, and limited access to training.

Daser urged the graduates to advocate for digital accessibility and called on public and private sector stakeholders to support inclusive initiatives that empower PWDs in Nigeria’s technology space.

Speaking on behalf of the graduates, cohort 2 class governor Amos Adegboyega acknowledged the challenges they faced during the programme and expressed gratitude for the support received, saying, “There are abilities in disability, and this training has given us the confidence to achieve our dreams.”


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General News

Airbnb Community Fund Donates ₦13 Billion to Nonprofits Worldwide

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In a bid to strengthen communities worldwide, Airbnb has announced the recipients of its annual Community Fund grants for 2025. This year, the initiative will distribute over ₦13 billion ($8.5 million USD) to more than 160 nonprofits across 30 countries globally.

Among the beneficiaries are six organisations in Africa, where efforts focus on economic empowerment, environmental sustainability, and combating abuse and exploitation.

Launched in 2020, the Airbnb Community Fund is a ₦153 billion ($100 million USD) initiative aimed at directly supporting communities and residents globally. By 2030, the Fund is projected to disburse its full ₦153 billion commitment.

Each year, Airbnb collaborates with local hosts to nominate and select nonprofit organisations for funding. Hosts act as key contributors, leveraging their deep understanding of community needs to guide impactful donations.

African Recipients Leading Change

This year, funding was allocated to nonprofits tackling pressing social issues. Among the African beneficiaries are:

Digify Africa, South Africa: Empowering young people with digital skills for economic growth.

AfriLabs, Nigeria: Supporting entrepreneurs with funding and networks for scaling businesses.

Children of Africa, Kenya: Advocating for vocational training and education for underprivileged girls.

Global Give Back Circle, Kenya: Providing vulnerable girls and young women with opportunities for transformative community impact.

Qhakaza Mohare, Chief Operating Officer of Digify Africa, praised Airbnb’s contribution, emphasizing its role in expanding initiatives and creating sustainable impacts in underserved communities.

Global Impact

To date, the Airbnb Community Fund has distributed over ₦55 billion ($36 million USD) to nonprofits in nearly 70 countries, with hosts driving much of its success.


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