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Palestinians accuse Israeli forces of executing 19 civilians in Gaza

Around The Globe - Sat, 01/20/2024 - 12:10
Footage, witness accounts shared with Al Jazeera reveal how Israeli soldiers carried out executions in Gaza last month.

‘We cannot trust the Janjaweed’: Sudan’s capital ravaged by RSF rule

Around The Globe - Sat, 01/20/2024 - 11:11
After nine months of war, Khartoum under RSF control has turned into a lawless and violent capital.

Oil supply tightens in Europe over Red Sea disruptions

Around The Globe - Sat, 01/20/2024 - 11:00
The volume going to Europe from the Middle East has nearly halved amid continuing attacks by Yemen's Houthi rebels.

Hijacking truth: How OSINT in Gaza fell prey to groupthink

Around The Globe - Sat, 01/20/2024 - 10:09
Open source research is essential to Gaza coverage, but pressure to conform plays into the hands of propagandists.

IRGC says 4 members killed in Israel strike on building in Syria’s Damascus

Around The Globe - Sat, 01/20/2024 - 09:35
Iran confirms killing of Islamic Revolutionary Guard Corps members as tensions flare up amid Israel's war on Gaza.

Argentina arrests, deports family of Ecuador’s most-wanted fugitive

Around The Globe - Sat, 01/20/2024 - 09:35
Drug boss Jose Adolfo Macias is at large after escaping from an Ecuadorean prison, triggering wave of gang violence.

Nigerian Startups See Rough Financing Road Ahead

Technology - Sat, 01/20/2024 - 09:03
ABUJA, NIGERIA     — Nigeria's tech startups are facing reluctance from investors, stemming from the shutdown of some prominent young companies last year. Kingsley Eze co-runs Nairaxi, an e-Commerce, on-demand logistics startup in Abuja, Nigeria's capital. Despite its record of handling tens of thousands of successful requests, the firm has been largely funded by Eze, as well as family and friends.  Eze told VOA that even though he is ready for expansion, it has been difficult to secure financing, amid the tales of failing startups in the country.  "It's been very difficult to raise funds, investors are cautious, the interest rate hikes in the Western economy is also a contributing factor to that, coupled with a lot of disappointing or not so good outings for a few startups that were like a beacon of hope for the Nigerian startup ecosystem," said Eze. Nigeria has been leading growth in African startups. Nevertheless, the sector faced a significant blow in 2023. Prominent startups such as 54Gene, Lazerpay, Vibra, Payday, and Hytch went out of business — largely over their inability to raise more capital to keep the companies running — losing more than $70 million of foreign investors' funds.  Abuja-based economist and investment expert Paul Alaje told VOA he blames the collapses on neglect of business principles.  "Assumption is the major bane to startup development in Africa, especially Nigeria," said Alaje. "That the idea worked at first and is technology-driven does not mean the fundamentals of traditional business or a growing business, economic principles behind traditional business, should be neglected when it comes to startups."  A recent report by Briter Bridges, a London-based business intelligence and research firm, showed a 54% drop in funding for startups between January and October of last year in Africa compared to the same period in 2022.  Eze said he believes this will make it even harder to navigate the funding terrain.    "The last statistics we had projected a 60% failure rate for Nigerian startup companies which is not a good bet for most investors," said Eze. "When everyone is succeeding in the market, it encourages more investors."  Alaje said Nigeria's business ecosystem needs an overhaul.  ((ACT Paul Alaje, Senior Economist (Male, in English) ))  "Change policy, bring new policies that make it difficult for people who don't have an idea regarding how business should be properly run," said Alaje. "Two, show examples of people who got it correctly, including Paystack. We need to become more deliberate at all levels."  Paystack, a successful Nigerian payment processing company, was acquired by an Irish-American company for $200 million in 2020.  According to venture capitalists in Nigeria, poor infrastructure, lack of accountability by business owners, and the foreign exchange crisis aided the collapse of many startups.  For his part, Eze said he will continue to build his business from the revenues it generates. 

Israel’s war on Gaza: List of key events, day 106

Around The Globe - Sat, 01/20/2024 - 08:42
Footage and witness accounts reveal how Israel carried out summary executions in Gaza. Here are the other updates.

Russia-Ukraine war: List of key events, day 696

Around The Globe - Sat, 01/20/2024 - 08:36
These are the main developments as the war enters its 696th day.

US Senator Tim Scott endorses Trump for president in blow to Nikki Haley

Around The Globe - Sat, 01/20/2024 - 08:11
Trump holds commanding lead in polls ahead of key New Hampshire primary on Tuesday.

‘Low-trust’ ties: What’s next for Pakistan, Iran after tit-for-tat attacks?

Around The Globe - Sat, 01/20/2024 - 06:36
The neighbours appear to be de-escalating tensions but their border security concerns will have deepened, say analysts

Popcorn and curfews: India gets ready for Ram temple with frenzy and fear

Around The Globe - Sat, 01/20/2024 - 06:17
The stock market will be shut, movie halls will show the launch live. But it's joy for some, pain and anxiety for others

Purges in China’s military allow Taiwan some respite – for now

Around The Globe - Sat, 01/20/2024 - 01:37
Turmoil in China's senior ranks raises questions about morale and whether the chaos reduces the threat to Taiwan.

Actor Alec Baldwin charged again over fatal film-set shooting

Around The Globe - Fri, 01/19/2024 - 22:03
Grand jury indicted Baldwin for involuntary manslaughter over 2021 shooting on set of, Rust, that killed Halyna Hutchins

New Hampshire primary: Haley and the anti-Trump movement’s last best hope

Around The Globe - Fri, 01/19/2024 - 21:57
A Haley win could lay the bedrock for a Republican challenge to Trump. But a loss would likely be fatal to her campaign.

South Africa seeks to stop auction of historic Nelson Mandela artefacts

Around The Globe - Fri, 01/19/2024 - 21:22
About 75 items are to go under the hammer in a deal between Mandela's family and a New York-based auctioneer.

Namibia’s president to undergo treatment after ‘cancerous cells’ found

Around The Globe - Fri, 01/19/2024 - 20:30
Hage Geingob, 82, will continue to carry out his presidential duties while seeking treatment, his office said.

‘Until Israel stops!’: Yemenis rally for Houthis, Palestinians in Sanaa

Around The Globe - Fri, 01/19/2024 - 20:18
Thousands took to the streets to express their solidarity with Gaza and to protest against US attacks on Yemen.

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