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How Africa is building a better ecosystem for entrepreneurs
How Africa is building a better ecosystem for entrepreneurs

Zawya

time3 days ago

  • Business
  • Zawya

How Africa is building a better ecosystem for entrepreneurs

The Future Studio incubator in Cotonou has developed a successful coaching programme, propelling four startups to success. The Beninese innovation center is now expanding, while business support organizations across West Africa are increasing their collaboration. The NTF V FastTrackTech project has nurtured these developments. The ITC project brought together major players from Benin, Niger and Mali to share their experiences and build together a stronger, more inclusive entrepreneurial ecosystem. Future Studio: a catalyst for innovation and entrepreneurship in Benin Since opening a year ago in Cotonou, the Future Studio innovation center has aimed to propel Beninese innovation and digital entrepreneurship. As a partner of the Epitech school and a member of the African Education&Innovation Group, the innovation center fosters the growth of young, innovative companies, providing structured support and networking. With the support of the NTF V FastTrackTech project, the Future Studio has set up a support programme tailored to Benin's digital ecosystem. 'We can't claim to support entrepreneurs without being supported and empowered ourselves. Thanks to the recommendations of the NTF V FastTrackTech project expert, we have gained in vision and methodology,' said Future Studio project manager Yoann Agbo. 'This is what enabled our Start program to take shape and achieve its first successes. We're very proud today to see ideas become solid projects as teams grow.' After six months in the incubation program, four startups have made significant progress: they have perfected their pitch, established commercial collaborations, and intensified their discussions with potential investors. One gained international visibility by taking part in Gitex Africa. 'Our intention is to provide ongoing support for the startups we have supported, and we are actively engaged in preparing a second cohort of entrepreneurs. At the same time, we plan to develop a targeted offering for more mature companies seeking accelerated growth or diversification of their offerings,' said Yoann. This expertise recently earned Future Studio a contract with telecom operator MTN Benin to take charge of the operational side of a new incubation program. 'Since supporting the NTF V FastTrackTech project, Future Studio has shown what it can do. This new partnership testifies to the trust placed in our activities,' he added. Better support for African entrepreneurs Like the Future Studio, business support organizations walk with entrepreneurs at every stage of their journey, contributing to job creation and more sustainable, inclusive economic development. NTF V FastTrack Tech believes the creation of synergies makes African organizations more efficient by optimizing their resources. The project initiated an exchange session on 30 April between the Bussiness Support Structures Network of Niger (Réseau des Structures d'Appui du Niger – RESAEN), the Federation of Innovative Business Support Organizations in Benin (Fédération des Structures d'Appui à l'Entrepreneuriat Innovant – FedSAEI) and the National Council of Incubators of Mali (Conseil National des Incubateurs du Mali – CNSIM). Rabia Moussa is vice-president of RESAEN and co-founded the Développe-les organization in Niger. 'Regular exchanges and lasting cooperation create a network of mutual support between BSOs, strengthening the entrepreneurial ecosystem as a whole. Financing issues are often at the heart of concerns,' she said. 'In this respect, RESAEN shared its experience and roadmap.' The session concluded with the formalization of several ideas and recommendations, including the need to set up a working group dedicated to the question of financing, the monitoring of new opportunities and the prospecting of new partners. Rabia also stressed the need for BSOs to clarify the roles and commiments of their governance members, so that tasks are properly assigned. 'I can only encourage the holding of an annual general meeting with the publication of an activity report. By also adopting transparent and participative governance practices, support structures can consolidate their internal functioning and increase their impact in the service of a flourishing entrepreneurial ecosystem,' she said. The nascent collaboration between Benin, Niger and Mali is just the first step towards continental synergy. 'Tomorrow, the dialogue could even be extended to Burkina Faso. It is this growing synergy that will enable African talent to flourish and contribute fully to the continent's economic development,' she added. About the project The Netherlands Trust Fund V (NTF) program (July 2021 – June 2025) is based on a partnership between the Netherlands Ministry of Foreign Affairs and the International Trade Centre. NTF V supports SMEs in the digital technology and agribusiness sectors in Benin, Ivory Coast, Ethiopia, Ghana, Mali, Senegal and Uganda. Its ambition is to contribute to an inclusive and sustainable transformation of agri-food systems partly through digital solutions, to improve the international competitiveness of local tech start-ups and to support the implementation of the export strategy of IT&BPO companies. Distributed by APO Group on behalf of International Trade Centre.

Stolen history returns: Netherlands hands back 119 Benin Bronzes to Nigeria
Stolen history returns: Netherlands hands back 119 Benin Bronzes to Nigeria

Malay Mail

time6 days ago

  • General
  • Malay Mail

Stolen history returns: Netherlands hands back 119 Benin Bronzes to Nigeria

LAGOS, June 22 — The Netherlands yesterday officially handed back to Nigeria 119 precious ancient sculptures, stolen from the former kingdom of Benin more than 120 years ago during the colonial era. It is the latest return of artefacts to Africa, as pressure mounts on Western governments and institutions to hand back the spoils of colonial oppression. Nigeria celebrated the return of the priceless 'Benin Bronzes' — metal and ivory sculptures dating back to the 16th to 18th centuries — with a ceremony held at the National Museum in Lagos, showcasing four of them in the museum's courtyard. The selection included a bronze carving of a king's head, a carved elephant tusk and a small leopard. In the 19th century, British troops stole thousands of Benin Bronzes in the then-independent kingdom of Benin, in the south of present-day Nigeria. The sculptures were pillaged from the kingdom's royal palace and have since been held in museums and private collections across Europe and the United States. The four artefacts currently on display in Lagos will remain in the museum's permanent collection, while the others will be returned to Ewuare II, the Oba of Benin — the traditional ruler of the kingdom of Benin in southern Nigeria. 'These are embodiments of the spirit and identity of the people from which they were taken from,' said Olugbile Holloway, director-general of Nigeria's National Commission for Museums and Monuments. 'All we ask of the world is to treat us with fairness, dignity and respect,' he said at the ceremony, where he announced that Germany had agreed to return more than 1,000 additional Benin Bronze pieces. 'The German government has actually signed a transfer agreement to hand over a 1,000 Benin Bronzes back' to Nigeria, he said. In the 19th century, British troops stole thousands of Benin Bronzes in the then-independent kingdom of Benin, in the south of present-day Nigeria. — Reuters pic Dignity Nigeria's art and culture minister Hannatu Musa Musawa, who signed the handover document with the Dutch ambassador for international cultural cooperation, Dewi van de Weerd, said 'Nigeria needs to reclaim its history and its heritage'. 'The deal reached with Germany further underscores the growing international commitment to right historical wrongs and foster mutual respect,' she added. Van de Weerd said the Netherlands said the 'return of the bronzes which were stolen in 1897 by the British is historic' and would help to restore 'dignity'. She said her government was also working with other countries such as Indonesia and Sri Lanka for the restitution of artworks plundered by imperialist nations. Adebimpe Adebambo, a Lagos-based artist who has followed the repatriation of the Benin artefacts over the years, said she had paid 'top euro to see the works that were stolen from my country'. 'I'm happy that they have come home to us,' she told AFP at the ceremony. — AFP

The Netherlands returns 119 stolen sculptures to Nigeria
The Netherlands returns 119 stolen sculptures to Nigeria

Yahoo

time6 days ago

  • General
  • Yahoo

The Netherlands returns 119 stolen sculptures to Nigeria

The Netherlands has officially handed back 119 ancient sculptures stolen from the former Nigerian kingdom of Benin more than 120 years ago during the colonial era. Olugbile Holloway, director-general of Nigeria's National Commission for Museums and Monuments, said on Saturday that the artefacts were the 'embodiments of the spirit and identity of the people from which they were taken from'. 'All we ask of the world is to treat us with fairness, dignity and respect,' he said at a ceremony held at the National Museum in Lagos. Holloway added that Germany had also agreed to return more than 1,000 additional pieces. The artefacts, known as the Benin Bronzes, are the latest return of precious history to Africa as pressure increases on Western governments to return items taken during imperialism. Four of the artefacts are on display in the museum's courtyard and will remain in the museum's permanent collection, while the others will be returned to the Oba of Benin, Ewuare II – the traditional ruler of the Kingdom of Benin in southern Nigeria. The Benin Bronzes include metal and ivory sculptures dating back to the 16th to 18th items were stolen in 1897 when British forces, under the command of Sir Henry Rawson, ransacked the Benin kingdom – modern-day southern Nigeria – and forced Ovonramwen Nogbaisi, the monarch at the time, into a six-month exile. In 2022, Nigeria formally requested the return of hundreds of objects from museums worldwide. In the same year, about 72 objects were returned from a museum in London, and 31 were returned from Rhode Island in the United States.

Nigeria receives over 100 looted artifacts from the Netherlands
Nigeria receives over 100 looted artifacts from the Netherlands

Yahoo

time6 days ago

  • General
  • Yahoo

Nigeria receives over 100 looted artifacts from the Netherlands

The Netherlands on Saturday officially handed back to Nigeria 119 precious ancient sculptures, stolen from the former kingdom of Benin more than 120 years ago during the colonial era. It is the latest return of artefacts to Africa, as pressure mounts on Western governments and institutions to hand back the spoils of colonial oppression. Nigeria celebrated the return of the priceless "Benin Bronzes" -- metal and ivory sculptures dating back to the 16th to 18th centuries -- with a ceremony held at the National Museum in Lagos, showcasing four of them in the museum's courtyard. The selection included a bronze carving of a king's head, a carved elephant tusk and a small leopard. In the 19th century, British troops stole thousands of Benin Bronzes in the then-independent kingdom of Benin, in the south of present-day Nigeria. The sculptures were pillaged from the kingdom's royal palace and have since been held in museums and private collections across Europe and the United States. The four artefacts currently on display in Lagos will remain in the museum's permanent collection, while the others will be returned to Ewuare II, the Oba of Benin -- the traditional ruler of the kingdom of Benin in southern Nigeria. "These are embodiments of the spirit and identity of the people from which they were taken from," said Olugbile Holloway, director-general of Nigeria's National Commission for Museums and Monuments. "All we ask of the world is to treat us with fairness, dignity and respect," he said at the ceremony, where he announced that Germany had agreed to return more than 1,000 additional Benin Bronze pieces. "The German government has actually signed a transfer agreement to hand over a 1,000 Benin Bronzes back" to Nigeria, he said. - Dignity - Nigeria's art and culture minister Hannatu Musa Musawa, who signed the handover document with the Dutch ambassador for international cultural cooperation, Dewi van de Weerd, said "Nigeria needs to reclaim its history and its heritage". "The deal reached with Germany further underscores the growing international commitment to right historical wrongs and foster mutual respect," she added. Van de Weerd said the Netherlands said the "return of the bronzes which were stolen in 1897 by the British is historic" and would help to restore "dignity". She said her government was also working with other countries such as Indonesia and Sri Lanka for the restitution of artworks plundered by imperialist nations. Adebimpe Adebambo, a Lagos-based artist who has followed the repatriation of the Benin artefacts over the years, said she had paid "top euro to see the works that were stolen from my country". "Im happy that they have come home to us," she told AFP at the ceremony. sn/sbk

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