Connect with us
Anglostratits

Business

Alibaba Netpreneur Training Welcomes 86 New Graduates from Africa

Published

on

Alibaba

The 86 graduates emerged following their successful completion of a series of classes, assignments and assessments

HANGZHOU, China, December 1, 2022/APO Group/ — 

Alibaba Global Initiatives (“AGI”) today announced the graduation of 86 African entrepreneurs from the latest edition of the Alibaba Netpreneur Training (“ANT”) Program. Held from mid-October to mid-November, the Africa-specific edition was rolled out with support from the Africa’s Business Heroes prize competition, a philanthropic initiative that aims to support and inspire the next generation of African entrepreneurs.

Amidst a growing pivot towards digital channels by companies worldwide, the ANT Program offers entrepreneurs an opportunity to learn and explore how to harness digital technology to expand their businesses and contribute to the local economy. Over a four-week period, the online program walked the participants through the latest trends and practices shaping China’s digital economy, as well as approaches and frameworks for entrepreneurs to build a successful and innovative business in today’s digital world.

The 86 graduates emerged following their successful completion of a series of classes, assignments and assessments, which demonstrates their understanding of the fundamentals of the digital economy and ability to apply their new-found insights in their respective businesses. Collectively, they represent various industries varying from agriculture, education, information & communication technology (ICT), and trading.

Among the graduates in this cohort was Ritalee Monde, Founder of Leemed Supplies Pvt Ltd from Zimbabwe, who started her own business in 2018 with a purpose of providing better access to medical supplies and equipment in her country, especially for women and children in rural regions. The initial years of Ritalee’s business were no smooth sailing, but that did not stop her from exploring new approaches and opportunities.

The ANT Program offers entrepreneurs an opportunity to learn and explore how to harness digital technology to expand their businesses and contribute to the local economy

“I enrolled for the Netpreneur training because I wanted to change the way I conduct business. I was looking forward to studying business frameworks and strategies that would improve my company’s capacity to promote innovation and deliver quality outcomes,” said Monde. “Attending webinars led by a group of people who had really made the journey was quite inspiring. My biggest takeaway is getting to know what business digitalization means. In the same way it has led to the success of many SMEs operating in Alibaba’s ecosystem, I believe a digital shift will help my company tap into new markets and clientele, enhance our productivity, reduce operating and marketing expenses, and lay a foundation to create new jobs and innovate.”

Already running a digital business that spans procurement and forwarding service as well as digital marketing and web development, Emmanuel Yao Agbodo, Founder of Engcando Logistics and Consultancy from Ghana also saw value in the Netpreneur program.

“I have long heard about Alibaba’s innovations and I was curious to learn how the company is able to make them happen. I have also been envisioning to export locally made products from Ghana one day through digital platforms,” said Yao Agbodo. “What I found most useful for my business was the modules about mission, vision and values as they are essential to the organizational development and strategic planning of any business, be it digital or traditional. The lesson has sparked new ideas that my company can adopt as we strive to become a leading digital platform in Ghana connecting the local and the international markets.”

Adesola Adetunji, Founder of Digital Education Management System World Academy from Nigeria, also benefited most from the lectures on business fundamentals provided by the training. His start-up, founded last year, is on a mission to provide education in and beyond Nigeria that bridges the gap between what is taught at school and what students nowadays actually need.

“I am ambitious, but I didn’t know how to turn my ambition into reality. With what I have learned from the Netpreneur training, I have acquired the key to formulating my own strategy, which gets me one step closer to realizing my ambition,” said Adetunji. “Among other learnings, I have learned to put my customers front and center, establish and maintain my own company culture, always bet on big ideas, and embrace failure.”

All participants who completed the course have been invited to join the AGI entrepreneur community, where they are able to continue to network with passionate and like-minded entrepreneurs, as well as enjoy access to post-program learning opportunities such as webinars and newsletters. Outstanding performers among the trainees will also be eligible to participate in offline immersion programs at Alibaba’s headquarters in Hangzhou, China once travel restrictions are lifted.

The Alibaba Netpreneur Training Program was first introduced in 2019 as an initiative to drive success for entrepreneurs in the digital economy. To date, it has successfully trained more than 1,800 entrepreneurs in Africa, Europe, Latin America as well as South and Southeast Asia.

Distributed by APO Group on behalf of Alibaba Group

Business

Afreximbank Posts Robust Q1 2026 Results with 25% Growth in Net Income and Improved Profitability

Published

on

Afreximbank

The results demonstrate continued resilience, disciplined balance sheet management and strong deal execution despite a challenging global operating environment

The growth in net interest income and profitability demonstrates the strength of our operating model and the continued relevance of our mandate

CAIRO, Egypt, May 22, 2026/APO Group/ –African Export-Import Bank (“Afreximbank” or the “Bank”) (www.Afreximbank.com) and its subsidiaries (the “Group”) announced its results for the three months ended 31 March 2026. The results demonstrate continued resilience, disciplined balance sheet management and strong deal execution despite a challenging global operating environment.

 

The Group continued to expand its lending activities in Q1 2026, resulting in total credit exposure growing by 2% to reach a portfolio of US$42 billion, up from US$41 billion as of 31 December 2025. This performance reflects Afreximbank’s leading role as a Development Finance Institution (DFI) in financing trade and trade-enabling infrastructure, and its strategic contribution to economic resilience across Africa and the Caribbean.

Average loans and advances for Q1 2026 stood at US$32 billion, up 8% compared to the same period in the prior year, driving the recorded growth in interest income. The Group’s liquidity position remained strong, with cash and cash equivalents of US$5.6 billion, representing 14% of total assets, consistent with FY2025 and above the Bank’s strategic minimum.

Asset quality also remained strong, with the non-performing loan (NPL) ratio at 2.40%, broadly in line with 2.43% at FY2025 and below industry average.

Shareholders’ funds increased to US$8.6 billion at 31 March 2026, up from US$8.4 billion at FY2025, supported by internally generated capital of US$268.9 million and new equity investments received during the quarter, underscoring the Bank’s continued ability to mobilise capital from its shareholders in support of its growth and development mandate.

The Group delivered strong profitability during the quarter.  Notwithstanding declining benchmark rates, total interest income rose by 14% year-on-year to reach US$813.6 million, while net interest income increased by 24% to US$510.0 million, compared with US$411.2 million in the first quarter of 2025. The Group’s cost-to-income ratio remained contained at 19%, well within the Group’s strategic ceiling of 30%. As a result, Profit for the period increased to US$268.9 million, up from US$215.4 million in Q1 2025.

The Group continued to maintain a strong capital position, with a capital adequacy ratio of 23% as at 31 March 2026, in line with the Bank’s long-term capital management targets.

During the quarter, Afreximbank continued to demonstrate its counter-cyclical role in response to external shocks. In March 2026, the Bank launched a US$10 billion Gulf Crisis Response Programme to help member countries mitigate adverse spillover effects from the Gulf crisis. The facility is designed to support liquidity, stabilise trade and payments, and address supply-side disruptions, particularly in energy, tourism and aviation, fertilisers, food and other critical imports.

The Bank also continued to deploy targeted financing and advisory support to strengthen trade flows, industrial capacity and economic resilience across Africa and CARICOM. Regional integration received further momentum following South Africa’s ratification of the Bank’s Establishment Agreement in February 2026, bringing one of Africa’s largest and most diversified economies into the Bank’s membership and giving the Bank full continental coverage.

Highlights of the results for Afreximbank Group are shown below:

Financial Performance Metrics

Q1’2026

Q1’2025

Gross Income (US$ million)

874.1

784.9

Net Income (US$ million)

268.9

215.4

Return on average equity (ROAE)

13%

12%

Return on average assets (ROAA)

2.62%

2.38%

Cost-to-income ratio

19%

16%

 

Financial Position Metrics

Q1’2026

FY’2025

Total Assets (US$ billion)

41.7

42.3

Total Liabilities (US$ billion)

33.0

33.9

Shareholders’ Funds (US$ billion)

8.6

8.4

Non-performing loans ratio (NPL)

2.40%

2.43%

Cash/Total assets

14%

14%

Capital Adequacy ratio (Basel II)

23%

          23%

 

Mr. Denys Denya, Afreximbank’s Senior Executive Vice President, commented:

“Against a backdrop of continued global uncertainty, heightened geopolitical risks and tight financial conditions, the Group delivered a resilient first-quarter performance, underpinned by disciplined balance sheet management, sound asset quality and strong capital and liquidity buffers. The growth in net interest income and profitability demonstrates the strength of our operating model and the continued relevance of our mandate. Our swift launch of the US$10 billion Gulf Crisis Response Programme further underscores Afreximbank’s counter-cyclical role in supporting member countries during periods of disruption. We remain focused on stabilising trade flows, easing liquidity pressures and advancing the industrial and economic transformation of Africa and the Caribbean.”

Distributed by APO Group on behalf of Afreximbank.

Continue Reading

Business

Via Licensing Alliance Expands Voice Codec Program with New Licensee, New Licensors, Publishes Comprehensive Pool Rate Structure

Published

on

Via Licensing Alliance

SAN FRANCISCO, CALIFORNIA, UNITED STATES – Media OutReach Newswire – 22 May 2026 – Via Licensing Alliance (Via) today announced continued momentum for its Voice Codec patent pool, including the addition of a new unnamed licensee and new licensors, NovaVoice Limited and Cordial IP, further growing the program’s patent stack and market penetration from its initial five, large global licensors.

The addition of the new licensee, unnamed at this time, reflects growing industry adoption of the collaborative licensing pathway Via’s Voice Codec program creates for accessing IP rights to critical voice technologies. This addition reflects a growing market uptake of advanced voice technologies, including EVS and IVAS, driven by rising demand as 5G and 5G-Advanced technologies are adopted worldwide.

Additionally, Via continues to prioritize transparency and has published its full rate structure for the Voice Codec pool, providing further clarity and predictability for implementers and to the broader market. For implementers, the full rate structure allows for complete visibility as they consider the appropriate royalty structure to choose from to meet their product level costs, evaluate future growth paths for their product lines, or plan their geographical expansion plan needs. This level of disclosure not only reduces uncertainty in licensing decisions but also enables more consistent benchmarking, reinforcing confidence in fair, market-aligned SEP licensing practices. The program’s royalty rates are listed on Via’s website at https://www.via-la.com/licensing-programs/voice-codec/#license-fees.

The addition of the new licensors indicates increased interest from patent holders in licensing their voice technology SEPs through highly efficient, aggregated licensing vehicles such as patent pools. Future growth in both the licensor list and the number of patents consolidated through the pool license will continue to enhance the value of the Voice Codec License for implementers. Via’s Voice Codec program licensors are listed here: https://www.via-la.com/licensing-programs/voice-codec/#licensors.

Via’s Voice Codec pool covers Enhanced Voice Services (EVS), which supports voice communications across more than one billion and growing active devices globally, as well as Immersive Voice and Audio Services (IVAS), which will play a central role in next-generation voice and spatial audio applications.

“We are pleased to welcome these new entrants to our pool, which signal continued growth and momentum our Voice Codec program,” said Kevin Mack, President of Via Licensing Alliance. “This pool license offers strong value relative to other market options and represents the only collaborative licensing solution for EVS and IVAS technologies, making it a smart and efficient pathway for companies seeking to license critical voice capabilities.”

EVS remains a foundational technology for high-quality voice communications in 5G and 5G-Advanced networks, with adoption continuing to expand as 5G, 5G-Advanced and future network iterations reach global scale. As spatial audio and advanced voice technologies expand into 6G and a broader range of non-cellular devices, the importance of IVAS technologies is expected to increase, with Via’s pool offering an early and effective licensing pathway.

For more information about the Voice Codec patent pool, including information for prospective licensees, please visit https://www.via-la.com.

About Via Licensing Alliance:
Via Licensing Alliance is the collaborative licensing leader, dedicated to accelerating global technology adoption, fostering participation, and generating return on innovation with balanced licensing solutions for innovators and manufacturers of all sizes around the globe. Via has operated dozens of licensing programs for a variety of technologies. Via is an independently managed company owned by industry-leading participants with over 25 years of intellectual property licensing leadership. For more information about Via, please visit https://www.via-la.com.

 

Continue Reading

Business

Joint statement welcoming the Republic of Togo’s announcement on Visa facilitation for African nationals

Published

on

Togo

The AfCFTA Secretariat and Afreximbank commend the Government and people of the Republic of Togo for hosting Biashara Afrika 2026 and for their continued commitment to advancing Africa’s economic integration agenda

LOMÉ, Togo, May 21, 2026/APO Group/ –The AfCFTA Secretariat and African Export-Import Bank (Afreximbank) (www.Afreximbank.com) welcome the announcement by the Government of the Republic of Togo, under the leadership of H.E. Faure Essozimna Gnassingbé, President of the Council of the Republic of Togo, regarding measures to facilitate visa-free entry for all nationals of African States holding valid passports, as announced by the Minister of Security on 18 May 2026.

The announcement was made in Lomé on the sidelines of Biashara Afrika 2026, the continent’s premier trade and business platform, which has brought together policymakers, private sector leaders, investors, and stakeholders from across Africa to advance dialogue on intra-African trade, investment, and regional integration.

Throughout the engagements, participants underscored the importance of facilitating the movement of African citizens, entrepreneurs, and investors as an important enabler of intra-African trade and economic cooperation. Against this backdrop, the announcement reflects the growing continental momentum towards strengthening connectivity and deepening African integration.

The AfCFTA Secretariat and Afreximbank, to which Togo is a State Party and a Member State, envision a continent where goods, services, capital, and people move more freely across borders in support of an integrated African market. Measures that facilitate mobility and connectivity continue to contribute towards advancing the broader mandate of both institutions; the attainment of the aspirations of Agenda 2063.

The AfCFTA Secretariat and Afreximbank commend the Government and people of the Republic of Togo for hosting Biashara Afrika 2026 and for their continued commitment to advancing Africa’s economic integration agenda.

Distributed by APO Group on behalf of Afreximbank.

Continue Reading

Trending