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AFRICA: A Digital Colony

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Look! Africa is fast becoming a digital colony without her realizing it.Am deeply afraidwith the way we are going,that one day if nothing is done, we will wake up and see one smart kid in say China remotely controlling the economies of nations in Africa!Yes,it is as bad as that, if you have keenly followed trends of events happening especially in the cyberspace.And frankly this demands a state of emergency by African Union. In my opinion; this is the new war we need to fight in Africa withcode warriors for digital independence! Africa,one of the largest continents of the world,blessed with great human and material resources no doubt,it becomes unfortunate that even with these abundant resources,our nations are still very poor,underdeveloped and living in the third world. When i look at emerging economiesand the vintage role Africa should play, i say to myself, why is Africa still sleeping. Are we really ready for the coming wealth and power transfer? How are we positioned? We seem to become eternally clueless about technology, its place in African development and what the future holds. My fear is that in thisnew knowledge economy driven by technologies,Africa has started playing the same ignorant and i –dont- care role they played during the Agricultural and industrial age which left us with hunger, poverty and lack. It even took our self esteem away.In this digital age,the consequences cannot be imagined because of the speed associated with digital advancement and if nothing is done now, Africa might never recover from this digital colonisation. I am writing this with the mind that if Africa can realize what she has, find ways to develop the continent using technology as the driving force,we will be the next continent to beat in the global arena of technology competitiveness and overcome this digital enslavement!It isclear that any nation or continent that cannot develop and grow its own technologies has no future and will depend on others.They will hardly regain their freedom. Our over dependency and consumption of technologies(with none made in Africa)have left us as a digital colony while we plough the fields of other smart nations making them Digital giants and singing their songs in Africa. Digital colonization enslaves Africa in her domain making her fully dependent on the global IT savvy nations for all her technology needs, thereby compromising her critical resources and her sovereignty without her knowing. Chris Uwaje in his book-e-Knowledge-Time is running out!aptly captures the entire scenario of a digital colony,he said”some shortsighted nations will wake-up at midnight one day,in the early decades of this century and suddenly realize that they have been digitally colonized. The resultant effect of this will seriously impact on the future generations to come. It simply means that the entire life,culture and sovereignty of a nation and her citizenry have been unknowingly to the people traded off and taken over by IT-smart, powerful and knowledge- centered information force and/or forces on the globe.” The following points to the fact that we have been digitally colonised:Technology Products Consumption in Africa,Technology and Security in Africa,Data storage and management in Africa,Technology Entrepreneurship in Africa. I look around Africa and i see no technology product of African origin that is serving the tech needs of the people ,not to talk of ones for export,still our technology consumption is very high in Africa.Our countries have turned into a digital dumping ground for used and out dated tech stuffs. Right now as you are reading this, if you are in Africa, look around where you are,can you identify any Made in Africa Tech Product?That is how deep the truth of the matter is.From the websites we visit daily to thecars we drive,the computers and laptops,servers, our mobilephones with the sim cards,you name them, to even the smallest of gadgets. They are shipped to us from other nations. None is made in Africa and yet we take so much delight in promoting and associating ourselves with the Global brands of other continents; have you ever given this a thought? It’seven a bigger shame when you find out that most times it is Africans in diaspora that drive those tech developments around the world, why can’t we use our knowledge and experience to develop our Africa viatechnology. I see many African intellectuals all over the world, with PhDswith no invention to their credit, no contribution whatever to the development of Africa. All they do is speak and give speeches at forums without any thought of how to move the continent forward. I see them as academic derelicts of African descent!I began to imagine-What do Africans use their PhDs for?To suppress their brothers and sisters? While others improve the lives of their brothers and sisters in other continents. Yes,i know there are several reasons why no one should live in Africa,from bad government to bad policies but those are the same reasons that keep bringing investors(oyibos) into Africa to explore what the people do not know exist with them. True development in Africa can only be done by Africans. Let’s briefly look at Security and Technology in Africa,since we cannot develop our technologies in Africa;our technology needs for National security and critical information management in Africa like inour central and commercial banks,stock exchanges,Government information system,Military and defenseinformation system, other vital information of the state,who handles them?Whatsoftwarerunsthem? Many interesting questions that can come out of this.These important aspect of security in Africa are always outsourced to India,China, US or other tech savvy nations. For example,Nigeria launched her second satellites with critical information management outsourced to China because we don’t have what it takes to handle such. That has clearly put us at the mercy of China and the government seems not to know the implications of such in time to come.It has very graveconsequences and cracks on thesovereignty and the ability of Africa to really protect,control and manage herterritories. The Governments have failed to make the needed investment to grow her local technology, at last they lose control of their countries and at the end everyone is asking why African nations arewar-torn. I watch with keen interest the controlling effect of technologies in developed economies ,this have made the government of such tech savvy nations fully interested in these technology companies and their well being. They are seen as a national pride and they represent the future of those countries. Their government goes ahead to protect them against international influences, i remember vividly when Google was having issues in China, itwas not only a fight for Google but American government plays key role in that.We have also witnessed theCanadian government throw her full support at RIM/Blackberrry as their national pride.Across the African countries, where lies our national pride in technology?Which brand can we export to the world that can stand as a global brand in technology,that’s what am talking about.We have no pride in Technology all over the world,we are all dependants and that is digital slavary. In recent times following the exponential growth in Mobile related businesses in Africa,We have all agreed that the future of Africa lies in Mobile,yes,I agree but how many African companies will benefit directlyfrom these mobile boom.It is clear that the people that will directly benefit are the equipment manufacturers(like Nokia, Samsung,Blackberry and others), Software and application developers then the network providers.Which among these have Africa entrepreneurs positioned themselves to benefit from? A deeper look into this subject brings us to the question:How is the Internet exchanges in Africa developed?Do we have efficient Internet exchangePoints (IXPs) to route our internet traffic and data carrying our critical resources and information?The Internet Exchange Point is an important infrastructure to be considered in national development. The most worrisome is that this negative effect is handed down from generations to generations;the young generation of African Youthsare the ones to lead the change and make things right despite the daunting challenges. We cannot leave Africa the way we met her,We need to take our destinies in our hands. I applaud several tech based initiatives being powered by Young people across Africa,from Kenya,Ghana,South Africa,Egypt,Nigeria, Zambia,Cameroon to other nations in Africa. In all of these, we should understand where we are now,where we need to be and how to get there. We should also know the type of Start- ups we need in Africa right now to make the needed impact.Startups that can put us in the world map among the comity of nations like Facebook,Google, Twitter etc they are not there to fight their government. I have full conviction that African youths have great potentials that can change the world if harnessed and given the right environment. We need to start encouraging more young people to study Physics, Mathematics, Engineering, Software development, ComputerScience and related courses.We have dearth of competent professionals in these areas. I won’t conclude this without suggesting a few things that we need to do now to avert this perpetual digital enslavement. Africa urgently needs her own technologies,technology companies of global repute and a technology work force to handle all her tech needs. The African Union should see technology as a tool that will leapfrog Africa’s development and therefore develop a pragmatic roadmap for its achievement. The governmet of African nations should develop policies aimed at developing their nations through technology. They should make special preferences for Africa owned technology businesses and give them the support,protection and encouragement to grow into a global brand. Investment in technology development should be a deliberate and conscious effort by all Africans. Our leaders and people in government who have stolen public funds should also have the mind to invest in Africa in the area of technology development rather than stash the money in faraway Swiss boosting other economies. There should be several organisations,government,individuals and businesses who will provide grants,venture funds to young Africans to help them grow their ideas.This is really lacking in Africa.And there lies our furture. And finally our orientation about ourselves should change,we are not inferior in anyway!Viva Africa!!


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DLM Asset Management Partners Your Study Path on “School is an Asset” Webinar

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DLM Asset Management, a subsidiary of DLM Capital Group, in collaboration with Your Study Path, is excited to announce the “School is an Asset” webinar, scheduled for September 19, 2024.

This engaging virtual event will spotlight the crucial role of education as a foundation for a prosperous future and spotlight the Child Education Plan designed to help parents secure their children’s educational opportunities.

The “School is an Asset” webinar will emphasize that education is not just a path to personal success but a significant investment with lasting benefits for individuals, families, and communities.

As the world evolves, the importance of education in fostering personal and professional growth cannot be overstated. This event aims to inspire students and parents to fully embrace and leverage their educational opportunities.

We are pleased to feature an esteemed lineup of speakers, including Egunjobi Daniel Ololade, CEO of Your Study Path; ThankGod Ojabugbe, Portfolio Manager at DLM Asset Management; Goziem Nancy Idonor, Business Development Manger at DLM Capital Group; and Gbotemi Kolowale, Digital Marketer at DLM Capital Group.

Each speaker will provide valuable insights into the significance of education and discuss the Child Education Plan designed to assist parents in financially planning for their children’s education. Attendees will also have the opportunity to engage with the experts during live Q&A sessions to receive personalized advice and answers to their questions.

The webinar will take place on September 19, 2024, from 11:00 AM (WAT). It will be hosted virtually, and free registration is available here.  Join us for the “School is an Asset” webinar and take an essential step toward securing a brighter future through education.

 


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Vale Finance Unveils New Business Banking App to Empower Nigerian Businesses

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Vale Finance has launched a new business banking web app. The app is designed to provide innovative financial solutions to empower businesses to thrive amidst the current economic landscape.

According to Sola Adeyinka, Managing Director and Co-founder of Vale Finance Limited, the company has positioned itself as a key partner to Nigerian businesses by launching the new web app. He noted that Vale Finance Limited became fully operational in January 2022 and has since demonstrated its resolve to be a bank that truly pays its customers.

Natasha Atirene, Head of Strategy, Innovation, and Products, emphasized that the Vale Business Banking app is designed to address the challenges faced by Nigerian businesses, particularly the lack of accessible financing options with competitive interest rates. She highlighted that the platform offers quick and easy access to low-interest loans, enabling businesses to secure the necessary capital for growth.

Ayodele Adebayo, Business Development Lead at Vale Finance Limited, stated that the company’s mission has always been to leverage technology to bring financial freedom to businesses and individuals. He added that the launch of Vale Business Banking is a crucial step towards empowering business owners across the country.

Segun Ojo, Chief Technology Officer and Co-founder, spoke about the app’s capabilities, stating that Vale Business Banking offers seamless transaction capabilities, ensuring that every business owner can manage their finances and customer interactions efficiently. He added that the web app provides a user-friendly interface, allowing businesses to easily register and set up accounts.

Patrick Osadebe, Director of Business Banking at Vale Finance Limited, concluded by saying that the launch is a testament to the company’s commitment to supporting Nigerian businesses. He emphasized that Vale Business Banking is providing businesses with the tools they need to overcome challenges and achieve sustained growth.

The Vale Business Banking web app is now available for registered businesses, marking a new era of financial empowerment for entrepreneurs across Nigeria.


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Field Launches Service to Tackle Maternal Mortality Crisis in Africa with $11M Backing

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Field, African healthtech company, has today announced the launch of a route-to-market service that will introduce emerging therapies to tackle the urgency of maternal mortality, newborn and child health, along with nutrition.

The initiative will leverage Field’s proprietary technology, distribution, and financing services, which today powers a network of over 40,000 private and public healthcare providers in rural and urban areas across Kenya and Nigeria.

The initiative launches with an initial $11m in support from the Bill & Melinda Gates Foundation, in recognition of Field’s commitment to introduce emerging therapies and supply chain transformation in combating Africa’s most urgent health priorities.

Since its inception in 2015, Field’s streamlined infrastructure has facilitated over 800 million health interventions across more than 60 therapeutic areas, such as family planning, HIV and Tuberculosis. Starting in Kenya and Nigeria, with scope to expand to other regions.

Field will advance on its unique capabilities within complex distribution channels to create an accelerated route to market for emerging therapies and technologies.

This is to include an extensive digitisation overhaul for private healthcare providers, hospitals and healthcare bodies at State and Federal level, with financing options to strengthen operations and purchasing capabilities.

Additionally, healthcare providers stand to benefit from last-mile delivery to improve day-to-day health services and the installation of pharma-grade refrigerators.

In its entirety, the service will be reinforced by the establishment of a coalition to include governments, manufacturers and other key stakeholders for one of the continent’s most ambitious maternal health programs to-date.

Maternal mortality is one of the continent’s most pressing healthcare challenges. The likelihood that a woman will die in childbirth in Africa is 45x higher than in Europe.

According to the World Health Organisation (WHO), Africa accounted for 69% of global maternal deaths, with Nigeria alone representing 29% of all maternal deaths worldwide in 2020.

Field’s service will provide expectant mothers in Africa access to emerging therapies such as heat-stable carbetocin and calibrated drapes, which detect and treat postpartum haemorrhage, the leading cause of maternal mortality in Africa. The platform will accelerate these new interventions, support established therapies, and address related complications like preeclampsia.

The consequences of poor or non-existent maternal health services will affect the most vulnerable sections of Africa’s population. Speaking on the initiative, Michael Moreland, CEO & Founder of Field, says, “This is public health powered by technology and today’s news recognises the products and services that Field has built over the past eight years scaled and integrated into large-scale public health programs; this is what we believe health technology companies should be doing; joining innovative, impactful coalitions between private and public entities”.

“Digitally powering, networking, and financing health systems at scale will have an overwhelmingly positive effect on access to quality care. With funding from the Bill & Melinda Gates Foundation we are set to rapidly improve mother and child survival in every setting .’’

A number of global pharma and health companies have exited the continent in the past 18 months. Moreland adds, “We’ve seen genuine, meaningful gains being made in healthcare delivery outcomes, however in this current tough economic climate, without coordinated systems and processes, the progress will slow or slip.

Alongside our funders, our role is to ensure this doesn’t happen because the problems the healthcare space is facing will not be solved on its own. This is where Field, and its funders, come in and we’re excited to get to work on this technology-powered infrastructure blueprint for public health services”.

In addition to this new initiative, Field continues to grow and scale its technology solutions across the continent. In Field Supply, it has created the largest pharmaceutical supply chain platform in Africa.

Its distribution service Shelf Life distributes over 3,000 quality products across more than 50 therapeutic areas, reaching over 2,500 pharmacies and hospitals in 24 cities in Nigeria and Kenya, including government facilities, large hospital systems, retail chains, insurance companies and family-operated drug stores.

The platform also provides trade financing solutions for priority therapies and equipment that addresses working capital constraints that often hinder investment in new medical interventions.


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