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8B Education Investments Welcomes the Roots’ Lead Singer and Entrepreneur Tariq “Black Thought” Trotter to Board Position

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8B Education Investments closes $3m seed raise and adds Trotter alongside David Brown, Managing Partner of Impellent Ventures, to board, continuing the momentum for 8B, which announced a historic $30M debt partnership with Nelnet Bank as part of a broader $111.6M commitment at the 2022 Clinton Global Initiative to accelerate African students’ access to global universities

NEW YORK, United States of America, December 13, 2022/APO Group/ — 

8B Education Investments (8B.africa), the first fintech lender to African students attending global universities, announced two additions to its Board of Directors. Following the close of 8B’s $3 m seed round, Tariq Trotter, a general partner at venture capital firm Impellent Ventures, and the lead lyricist and front man of legendary hip hop group The Roots (bit.ly/3VMozkJ) known as “Black Thought”, will join David Brown, Impellent’s Managing Director, as 8B’s two new board members.

8B Education Investments has built a pioneering platform to connect high-potential African students with world-class colleges and universities, a financing marketplace to research scholarships and compare loan financing options; and a career support function to enable students to realize their highest potential.

With more than 100,000 users on the platform and an ambition to 10x the number of African students in global universities, 8B has built a vibrant community where African students engage with peers, mentors and university experts on all aspects of the highly fragmented and often confusing journey of studying abroad. Students currently visit the platform to identify right-fit colleges, financing options, and careers.

The impact of 8B’s work is in providing global universities and employers a gateway to the world’s fastest growing pool of diverse young talent, while creating a critical mass of African innovators equipped to participate, compete, and thrive in the knowledge economy of the 21st. century. The company plans to use the resources to grow its unique, non-cosigner loan program, expand its education finance marketplace, and build additional product capabilities.

Trotter’s appointment as an observer to the Board of Directors continues the artist, actor, writer, producer, creator and GRAMMY award-winning musician’s passion of supporting underserved entrepreneurs. A leader of the Tonight Show Starring Jimmy Fallon’s house band, and a composer and producer of the critically acclaimed off-Broadway musical Black No More, Trotter joined Impellent Ventures in May 2022.  8B is his first board position.

Through 8B’s work, the numbers of African students attending American schools will grow, especially at Historically Black Colleges and Universitie

“I am honored to join 8B’s Board of Directors and continue my passion in helping and investing in underserved communities,” said Trotter. “Brilliance is evenly distributed everywhere around the world, but for too long, the world has acted as though African brilliance is a rare commodity. Through 8B’s work, the numbers of African students attending American schools will grow, especially at Historically Black Colleges and Universities. This will enrich the university experience for everyone, strengthen the US-Africa relations, and change existing perceptions about the African continent and about people of African descent around the world more broadly.”

David Brown, Managing Director of Impellent Ventures, added: “Until now, talented and high-potential youth across the African continent have had limited access to global universities, depending almost exclusively on winning the scholarship lottery. I am proud that our investment in 8B creates the first scalable solution of its kind providing education financing to Africa’s aspiring and talented future leaders that will unequivocally result in long-term impact on Africa and the world.”

The market need 8B is addressing is clear: 8B estimates that less than 30% of African students accepted into American universities can afford to attend, creating a $25b annual financing gap. Scholarships are too few to meet demand and affordable loan programs focusing on African students do not exist. Yet, Africa’s population of 1.2 billion people is the youngest and fastest growing in the world, with a median age of 19. By 2050, Africa is expected to have the largest working-age population in the world.

“8B is thrilled to close our seed financing and have Tariq Trotter and David Brown join our Board,” said Dr. Lydiah Kemunto Bosire, 8B’s founder and CEO.  “This is Africa’s season, and 8B’s mission requires a scale of investment capital – not philanthropy – that has simply not been available to African students to date. That is why we are thrilled to have found like-minded investors to support us with the cutting-edge ideas, guidance and solutions we need to seize this generational opportunity of unlocking African potential.”

In addition to Trotter and Brown joining its Board of Directors, 8B’s investors in the round include New York Ventures, a division of Empire State Development, and Trueventures.org, the social impact initiative launched by venture capital firm True Ventures. The round also includes 11 experienced investors and operators in the education, finance, and impact ecosystems, including Debra Fine of Fine Capital Partners, Seavest Investment Group CEO Rick Segal, Amplify CEO Larry Berger, and Bryan Meehan, former CEO of Blue Bottle Coffee.

“The opportunity that 8B has identified has been unaddressed for too long,” said Christiaan Vorkink, VP and Director of Trueventures.org. “8B is the kind of world-changing company we are proud to support, and we believe Lydiah and her team have the lived experience and passion to solve an important problem that is too big and complex for charity alone. We look forward to working with the team to help level the playing field for future generations of brilliant young Africans to pursue world-class higher education, changing lives in Africa and beyond.”

This announcement comes a few weeks after the company unveiled a partnership with US-based Nelnet Bank during the 2022 meeting of the Clinton Global Initiative, through which Nelnet will provide $30 million of lending funds over a period of three years to African students looking to receive a higher education at the American universities.  During the Clinton Global Initiative meeting, 8B announced a total of $111.6 million in funding commitments from a range of partners, including the Education Testing Service, the President’s Alliance on Higher Education and Immigration, and World Resources Institute (Africa), unified in their purpose to enable world-class education for the next generation of African innovators, including for the new climate economy.

Distributed by APO Group on behalf of 8B Education Investments.

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Resilience: A Winning Strategy for Legacy-Building (By Ibukun Awosika)

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Theirs is a vital lesson: success is about the courage to show up, the willingness to learn and the determination to keep building despite setbacks

LAGOS, Nigeria, April 4, 2025/APO Group/ —By Ibukun Awosika (apo-opa.co/4jiBjuS), ABH Grand Finale Judge (www.AfricaBusinessHeroes.org)

The boldest entrepreneurs understand that resourcefulness, resilience and collaboration are essential – not only for overcoming challenges but also for sustaining success. These are not just assets in the toolbox of the average businessperson but the foundation upon which enduring enterprises are built. It’s time for Africa’s enterprises to rise beyond individual success, outlast their founders and carve a lasting presence on the global stage.

This message was at the heart of the opening keynote address I had the honor of delivering at the 6th Africa’s Business Heroes (https://apo-opa.co/3RnxMzz) (ABH) Summit and Grand Finale (https://apo-opa.co/3QZXfPl). As I stood on that grand stage before a sea of ambitious entrepreneurial minds, I realized that this was more than a platform to celebrate achievement; it was a testament to tenacity and the indomitable spirit of African entrepreneurship. As a judge privileged to witness the finalists’ journeys firsthand, I saw individuals embodying the very essence of what it means to be a business hero: the drive to do, to be, and to become the founders of resilient legacies.

The theme of African Intelligence (https://apo-opa.co/3RFuRSB) was one that resonated deeply with the stories of our finalists. Intelligence in the African context is not just about knowledge or innovation; it is about the wisdom to navigate challenges, the foresight to seize opportunities and the resilience to keep moving forward despite the odds. Nowhere was this more evident than in the journeys of our grand prize winner, Henri Ousmane Gueye (https://apo-opa.co/3RwSrB4) from Senegal, and second runner-up, Alexander Odhiambo (https://apo-opa.co/3YiCeDg) from Kenya.

 

As we turn our sights to 2025, it’s time for African entrepreneurs to step forward

 

Henri, after two previous applications, finally secured the top spot on his third attempt. Alexander, undeterred by his first application, came back even stronger, ultimately reaching the Top 10 and claiming a spot on the podium. Theirs is a vital lesson: success is about the courage to show up, the willingness to learn and the determination to keep building despite setbacks. This is what sets apart those who create lasting impact.

But resilience is not just about individual success. It is about the collective strength of a community like ABH which has flourished into a powerful ecosystem equipping entrepreneurs with tools to scale their business. It has been immensely rewarding to witness this process transform businesses, but more importantly, transform leaders.

As we turn our sights to 2025, it’s time for African entrepreneurs to step forward. To those who have applied before but fell short; your journey is far from over. Let Henri and Alexander’s stories remind you that perseverance is a winning strategy. To those contemplating their first application – it’s your time!.

Like anything that holds great promise, the pursuit of entrepreneurship is validated through action. If you have the drive to do, to be, and to become, then take your place and build a legacy that will shape Africa’s future.

2025 ABH Applications Are Now Open

African entrepreneurs interested in entering the 2025 edition of the competition for a chance to win a share of US$1.5 million can apply at https://apo-opa.co/3RnxMzzregister.

Distributed by APO Group on behalf of Africa’s Business Heroes (ABH)

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YOFC Unveils Game-Changing Hollow-Core Fibre Advances at OFC 2025

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SAN FRANSICO, USA – Media OutReach Newswire – 3 April 2025 – At the OFC Conference, from March 30 to April 3, 2025, at San Francisco’s Moscone Center, Yangtze Optical Fibre and Cable Joint Stock Limited Company (YOFC) (stock tickers: 601869. SH, 06869.HK) highlighted several new developments in hollow-core fibre technology. During a workshop entitled “How will future submarine systems look like”, Dr. LUO Jie, YOFC’s Chief Technology Officer, presented groundbreaking advances in the field of hollow-core fibre technology.

YOFC’s presentation focused on its latest strides in reducing attenuation to a record-low of 0.05dB/km and extending the manufacturing length of single fibres to over 20 kilometers—achievements that not only set new global benchmarks but also starkly outperform traditional solid-core fibres. These technological advancements were demonstrated through a 21.7 km long hollow-core fibre with a proprietary supporting tube structure (ST-HCF). This drew considerable attention at the exhibition for its potential implications in optical communications.

Hollow-core fibre technology represents a paradigm shift in optical communications, enabling light to be transmitted through an air core. The design facilitates a 47% increase in transmission speed and a 31% reduction in latency compared to conventional fibres, showcasing the significant potential for applications requiring rapid and efficient data transmission such as in data centers, AI models, and financial trading. Additionally, the technology’s exceptionally low attenuation and nonlinearity could potentially address the capacity bottlenecks faced by submarine communication networks and long-distance terrestrial communication lines.

In his presentation, Dr. LUO Jie explored both the practical and theoretical enhancements that hollow-core fibres could bring to submarine cable systems, emphasizing their ability to increase data throughput and reduce transmission times in future deployments.

YOFC has been at the forefront of hollow-core fibre technology development, leveraging its comprehensive research capabilities and autonomous raw material research system to overcome significant industrial challenges. As the digital economy grows, YOFC’s continued innovation in hollow-core fibre technology is set to play a crucial role in supporting the evolution of global digital infrastructure, ensuring it is robust, efficient, and equipped to meet future demands.

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Campaigns with a 50:50 split between performance and brand building drive the strongest impact in Asia

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● Landmark study proving that brand building works in delivering growth in dynamic Asian markets

● Campaigns that have a 50% brand investment proven to boost performance now – not just in the future

● Brands that invest time into cultural connection are twice as effective

WARC releases new research in The Pace Principle

4 April 2025 – WARC, the global authority of marketing effectiveness, has today released The Pace Principle, a landmark Asian evidence-led and mythbusting guide for marketers providing evidence of what works in Asia.

Until now, most evidence underpinning core advertising effectiveness principles has come from Western markets. This ground-breaking research is built on consistent data from across Southeast Asia, Greater China, and India, to address common misconceptions that hinder businesses from maximising returns – specifically the perceived barrier that “Asia moves too fast for long-term brand building to work” due to the speed of changing market dynamics and innovation.

A key insight from the research is that “speed” is a defining feature of Asian marketing, thereby the study uses the language of “pace” to make marketing science principles more applicable to the region. The race for growth operates at “twin paces”. The “Sprint” pace uses performance tactics to secure short-term wins at speed; and the “Long-distance” pace, sees investment in brand-building to sustain long-term growth.

To cut through in a competitive marketplace and amplify positive customer associations, brands need to operate at both levels of pace equally.

Rica Facundo, Managing Editor, WARC APAC, says: “In a highly pressurised, fast-changing and competitive atmosphere, a “sprint” mindset that focuses on short-term wins is understandable, but growth is hard after maxing “easy” wins. To win, brands need to be able to operate at both levels of pace by layering in brand-led advertising to supercharge performance and unlock more value. This enables brands to not only run faster, but further.”

“Helping prove what works in Asia, The Pace Principle is packed with robust evidence and actionable insights, which we hope will be used as a model for the future of advertising in Asia and help marketers build stronger brands in our thriving region.”

Addressing legacy assumptions and challenges

To boost sustainable performance and unlock enduring value, marketers should address the following legacy assumptions and challenges:

· Speed vs effectiveness: brands are conflating the need for operational agility with a short-term approach to marketing, assuming that long-term brand investment will be undermined by market changes.

· Short-termism: In dynamic markets where change feels constant, trying to sell in the prospect of long-term results is a challenge in organisations prioritising short-term wins due to the focus on quarterly and annual performance.

· Brand payback: marketers need to get away from the perception that the payback of investing in brand-building takes years to show.

Andreas Krasser, CEO, DDB Group Hong Kong, said: “Brand building has an image problem in Asia. It’s seen as slow, outdated, and out of sync with the region’s relentless pace. Many still associate it with big-budget TV spots, high spend with low tangible returns, and a distraction from performance goals. Even when the brief says “brand,” the KPIs scream performance.”

Key strategies for effective brand building in Asia outlined in The Pace Principle are:

Long-term brand building supercharges performance. The optimum split between brand and performance investment in Asia is 50:50

Advertising in Asia needs to operate at the two levels of pace – sprint (performance) and long-distance (brand-building) – to drive the biggest instant and long-term impact.

By allocating investment towards both brand-building and performance, brands can take advantage of a multiplier effect. It’s not “brand + performance”, but “brand x performance”

Brand investment is a growth multiplier in the Asian century that drives performance now and in the future. It provides a strategic platform that cuts through in a competitive marketplace, amplifying positive customer associations and scaling-up future demand.

The evidence from this study shows that campaigns with a 50:50 split between brand and performance investment deliver the strongest effect on both short- and long-term business metrics; and even delivers stronger instant impact than a split that over indexes on just performance.

Measure campaigns for the long game: the effects of shorter campaigns are four times stronger when measured for a month after the campaign finished

Campaign measurement should prioritize measuring for growth. Using short-term ROI as the primary measurement mindset overlooks the future effects of brand-building activities, such as strengthening brand memory and increasing demand for the brand.

For shorter campaigns (1-4 weeks of duration), the effects observed were, on average, four times stronger across all key business metrics, when measurement continued for a month or more after the campaign finished.

Win with cultural advantage: demonstrating a shared perspective and value with audiences is nearly twice as effective

Cultural connection is an under looked key driver of emotional engagement that drives positive business effects. Research shows that brands with high cultural resonance grow 25% more than their competitors, and 92% of respondents in McCann Worldgroup’s Truth about Global Brands study believe that Asia’s culture is its greatest source of wealth.

However, the pressure for speed and budget constraints can leave little time for brands to undertake the critical work of understanding the cultural context of its consumers.

The Pace Principle research shows that campaigns that demonstrate a shared perspective and values with audiences are nearly twice as effective compared to those that make minimal attempts at localisation.

Brands should dedicate time and resources to thoroughly understand the cultural nuances of their target audience to maximise effectiveness by going beyond outdated stereotypes and always investigating how audiences are redefining their identities in new and dynamic ways.

Shilpa Sinha, Chief Strategy Officer, McCann Worldgroup, APAC, says: “When culture is an unequivocal cornerstone of Asia’s consumer landscape, a ‘culture-first’ marketing approach cannot afford to remain a catchphrase. It needs to become a creed for any brand aiming to win in this thriving region.”

Accelerate with multichannel momentum. Effective campaigns in Asia use on average 6.5 channels to deliver large business effects

In a fragmented media ecosystem, highly effective campaigns leverage the momentum of using multiple channels to maximise the payback of all advertising.

Evidence from the study shows that effective campaigns use on average 6.5 channels to deliver large business effects, by utilising a smart combination of media to build multiple smaller exposures and positive brand associations across various touchpoints. Key to driving cross-media effects is understanding the most optimal media combinations to leverage the multiplier effect.

Questioning long-held channel assumptions and the “mobile first” depiction of Asian consumers will help marketers make more strategic decisions with the media mix.

And despite the popularity of using influencers in Asia, the study indicates that the most effective campaigns do not lead with influencers (8%) or celebrities (5%). However, when pairing influencers with other channels such as free-to-air Commercial TV, the content reaches far beyond the fan base and the digital environment, thereby becomes 1.5x more effective in driving results.

A sample of The Pace Principle is available here. WARC members can read the full report which includes practical insights, exemplary case studies and charts to help CMOs and marketers of every level apply these ideas to their own work. Accompanying podcasts will be available from 10th and 17th of April.

Methodology of the research

The research for the report is based on in-depth analysis of 150 advertising case studies in the WARC database sourced from across Southeast Asia, Greater China, and India, as well as an accompanying questionnaire submitted by participating agencies: BBDO India, BBH Singapore, BLK J Havas, DDB Group Hong Kong, DDB Mudra Group, Forsman & Bodenfors Singapore, Initiative, MBCS, McCann Worldgroup APAC, GroupM, Ogilvy, TBWA\Asia, TBWA\India, The Womb, UM, VML.

The Pace Principle is a companion report to the recent US report The Multiplier Effect, and builds on some of its key arguments and frameworks which have been tested to also apply to Asia.

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