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Facebook’s Chief Product Officer storms Ghana to learn from its tech, creative talent

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Chris Cox, Chief Product Officer at Facebook, visited the Meltwater Entrepreneurial School of Technology (MEST) in Accra, Ghana yesterday  to meet with Ghanaian entrepreneurs and see how they are working to build sustainable technology businesses. Later in the day he witnessed the force of Ghana’s creative talent in an event at ANO Gallery, which was co-hosted by ANO Gallery and Bless the Mic.

Chris’s visit is part of a week-long trip to Nigeria, Ghana and Senegal where Chris is keen to understand how creatives, developers and entrepreneurs are using mobile technology to create services, content and businesses that address local needs.

Says Cox: “With Facebook and its family of apps, we aim to give people around the world the ability to connect with each other, grow their businesses and tell their own stories. I am excited to see how Ghana’s entrepreneurs are using mobile, video and other technologies to build products and services that empower the community and that address local needs or solve local problems in innovative ways.”

The Meltwater Entrepreneurial School of Technology and the MEST Incubator program provide training, investment and mentoring for aspiring technology entrepreneurs with the goal of creating globally successful companies that create wealth and jobs locally in Africa. Each year top graduates from Ghana, Nigeria, Kenya and South Africa are selected to receive comprehensive training across the spectrum of skills required to build successful tech businesses, including computer programming, software development and product management.

Jorn Lyseggen, CEO of Meltwater and Founder of MEST, says: “We’re excited to host Facebook at MEST and to share how we can work together to drive innovation in Africa. Mobile technology is giving people in Africa new opportunities to become entrepreneurs and content creators – and we were proud to show the Facebook team how young companies and entrepreneurs on our programme are making a difference.”

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Nana Opoku Agyeman-Prempeh, CEO, Asoriba, says: “Churches are one of the oldest and most powerful forms of social networking. Platforms such as Asoriba and Facebook help them give their congregations access to more information and stay in touch with churches and congregation members worldwide, especially in the diaspora.”

“I’ve been honoured to meet some of Ghana’s top talent today and here how they are using technology to share their stories and perspectives within Ghana and around the globe”.

Edwin Tsatsu Selormey, CEO, Devless, says: “Thanks to the cloud, African startups can get to market with solutions tailored to the needs of their own territories as well as target a global customer base. We are pleased that companies such as Facebook are investing in and supporting Africa’s growing technology industry.”

Cox later attended an event at the ANO Gallery where he was part of a panel discussion with art, music, food and fashion design entrepreneurs, discussing how they use the Facebook and Instagram to tell powerful and engaging stories to audiences in Ghana and beyond.

Director of ANO Institute of Contemporary Arts Nana Oforiatta-Ayim, says: “I was very happy to introduce some of Ghana’s talented artists to the team at Facebook. I am passionate about showcasing Ghana’s art and cultural narratives to the world and platforms like Facebook offer powerful new ways do that.”

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The event brought together a host of local talent including Bless the Mic, a platform for local and international artists to showcase their talent in Ghana. Bless the Mic began in 2006 where they organised weekly small scale open-mic nights in bars and pubs across Accra for young poets and hip hop artists to rhyme and battle. In 2017 things are now on a larger scale, Bless The Mic has graduated to big concert events whilst helping to launch the careers of many of Ghana’s now leading musicians.

PY Addo-Boateng Creative Director of Bless The Mic said: “Facebook and Instagram have given music fans new ways to interact with their favourite artists and bands – from behind the scenes photos to LIVE videos from gigs. For Bless the Mic it’s been one of the ways we’ve been able to to take Ghanian music to people across the world. But more than that, it has enabled us to be part of a global community that is truly passionate about creativity and music.”

Ghanaian musician M.anifest appeared on the panel and said, “We have some really compelling stories to share in Ghana, not just with other Ghanaians but with audiences around the world. The remarkable thing about Facebook is that it gives us cutting-edge and exciting new ways to connect with people and to tell our stories ourselves and in our own way.”

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Chris Cox said: “Stories matter, whether it’s the stories of our lives or the story of Africa’s growth and ascendance. We want Ghana’s storytellers — the musicians, the filmmakers, the bloggers — to take their stories to the rest of the world. I’ve been honoured to meet some of Ghana’s top talent today and hear how they are using technology to share their stories and perspectives within Ghana and around the globe.”

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Senate Approves Tinubu’s $500m Loan for Power Sector Boost

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The Nigerian Senate has approved President Bola Tinubu’s $500 million loan request intended to bolster the operations of the Bureau of Public Enterprises (BPE) to enhance the financial and technical performance of electricity distribution companies, ultimately benefiting citizens.

The endorsement, announced on Tuesday, follows a thorough examination of the report presented by Senator Aliyu Wamakko, who heads the Senate Committee on Local and Foreign Debts overseeing the 2022 – 2024 External Borrowing (Rolling) Plan specifically for the Bureau of Public Enterprises (BPE).

During the presentation of the report, Senator Haruna Manu, serving as the Vice Chairman of the Committee, emphasised the importance for the Senate to duly receive and deliberate upon the report of the Committee on Local and Foreign Debts concerning the 2022 – 2024 External Borrowing (Rolling) Plan for the Bureau of Public Enterprises (BPE).

The $500 million loan constitutes a portion of the $7.94 billion loan originally requested by President Bola Tinubu on November 1st, 2023, within the framework of the 2022-2024 external borrowing plan. In addition to the $500 million, President Tinubu also sought approval for a €100 million loan.

However, during a special plenary session on December 30, the Senate greenlit the borrowing of $7.4 billion after careful consideration of the report furnished by the Committee on Local and Foreign Debt.

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Melinda Gates Resigns from Gates Foundation, Set to Receive $12.5 Billion

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In this file photo taken on September 26, 2018, Bill Gates and his ex-wife, Melinda Gates, introduce the goalkeepers event at the Lincoln Center in New York. Ludovic MARIN / AFP

Melinda French Gates announced Monday she was leaving the philanthropy mega foundation she established with her ex-husband, Microsoft co-founder Bill Gates.

The resignation, which becomes effective on June 7, will leave Bill Gates as the sole chair of one of the world’s most influential and powerful non-governmental organizations.

“After careful thought and reflection, I have decided to resign from my role as co-chair of the Bill & Melinda Gates Foundation,” Melinda French Gates wrote in a statement posted on social media.

The statement gave no reason for her departure, but noted that “under the terms of my agreement with Bill, in leaving the foundation, I will have an additional $12.5 billion to commit to my work on behalf of women and families.”

The couple married in 1994 but announced their divorce in 2021.

They had continued to co-chair the foundation which they established in 2001 with the vast wealth acquired through the success of Microsoft.

With a focus on child poverty and preventable diseases, the foundation has been heavily involved in fighting malaria and in providing toilets and sanitation in poorer parts of the world.

The foundation’s website says it has spent $53.8 billion since 2000, and claims the number of children around the world who die before their fifth birthday has halved in this time.

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Bill Gates thanked his ex-wife for her “critical contributions” to the organization.

“As a co-founder and co-chair Melinda has been instrumental in shaping our strategies and initiatives, significantly impacting global health and gender equality,” he said.

“I am sorry to see Melinda leave, but I am sure she will have a huge impact in her future philanthropic work.”

The organization’s chief executive, Mark Suzman, said its name would change to simply the Gates Foundation — it has been known as The Bill & Melinda Gates Foundation.

“I truly admire Melinda, and the critical role she has played in starting the foundation and in setting our values, she has played an essential role in all that we’ve accomplished over the past 24 years,” he said in a video posted to social media.

“I will miss working with her and learning from her. I look forward to seeing her continued impact.”

 

 

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EFCC calls on banks’ compliance officers to uphold confidentiality

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The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has urged Compliance Officers of Banks nationwide to refrain from unauthorised disclosure of EFCC’s investigative activities and requests made to banks’ customers.

Speaking through the Acting Zonal Director of the Ibadan Zonal Command of the EFCC, ACE I Hauwa Garba Ringim, during a stakeholders’ meeting with Compliance Officers of Banks in Oyo State on Tuesday, Olukoyede emphasised the detrimental impact such disclosures have on the investigation of financial crimes and the timely filing of corruption cases in court.

Olukoyede expressed concern over the tacit support fraudsters receive from the Nigerian banking sector, highlighting the challenges it poses to the Commission.

He urged Compliance Officers to promptly respond to EFCC’s correspondence with certified true copies of relevant documents, as this facilitates swift investigation processes.

Also, Olukoyede addressed the illegal trading of naira with Point-of-sale (POS) operators, stressing the need to curtail such practices for the benefit of Nigerians.

In response to the chairman’s directives, Compliance Officers assured the EFCC of their unwavering support and commitment to enhancing collaboration between the Commission and banks for more effective anti-corruption efforts.

 

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