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AFRICA POISED TO BECOME THE ENGINE OF ECONOMIC GROWTH – TONY ELUMELU

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8 years ago

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At the 51st Annual meeting of the board of governors of the African Development Bank (AfDB), African philanthropist Tony Elumelu, urged the private sector to tackle unemployment among African youths on the continent.

Mr. Elumelu, the Chairman of United Bank for Africa (UBA) and pan-African investment company Heirs Holdings said during a panel session at the event on Jobs for African Youths that “The solution to the problem of unemployment is going to come first from within and then from all of us working collectively. I believe entrepreneurship can solve the problem of job creation.”

Other speakers at this session include H.E. Professor Yemi Osinbajo, Vice President of the Federal Republic of Nigeria; H.E Hailemariam Desalegn, Prime Minister of the Republic of Ethiopia; Akinwunmi Adesina, President, African Development Bank; Carlos Lopes, Executive Secretary of the United Nations Economic Commission for Africa; Mo Ibrahim, Founder of the Mo Ibrahim Foundation and Thomas Silberhorn, Parliamentary State Secretary, Federal Ministry for Economic Cooperation and Development(BMZ).

Mr. Elumelu charged the audience and co-panelists: “If we are serious about cultivating jobs, let Africans who want to help deal with this issue. The Tony Elumelu Foundation Entrepreneurship Programme (TEEP), is my foundation’s 10-year, $100 million commitment to empowering the next generation of African entrepreneurs and surely, there are more private sector leaders that are willing to invest in our continent’s future.”

“I see great entrepreneurship potential in many of the 45,000 applicants that applied for TEEP this year alone, but the level of training, mentoring and networking that we offer means that we can only select 1,000 each year. I call on everyone here to support those who missed the cut. This is a clear path to sustaining African economic growth.”

Also contributing to the panel discussion, the AfDB president, Akinwunmi Adesina, noted that Africa has a job crisis.

“Unemployment rate is a crisis. Africa is in a job crisis. I believe the solution is right here in Africa” Akinwunmi, who is also Nigeria’s immediate former Minister of Agriculture, emphasized that the future of Africa lies in a more “prosperous and inclusive Africa.”

The panelists were focused not only on creating jobs for the youths but also harnessing the skills available on the continent to ensure good use is made of the natural resources available. Thomas Silberhorn wants the world to take note of the fact that “$150bn worth of goods is exported each year outside the continent(of Africa) which is much more than the aid given” as Elumelu opined that “International Aid organisations need to re-evaluate the way they engage Africa in the 21st century”.

 

According to Mo Ibrahim “We are wonderful at wasting natural resources. The same way we waste our youth. We send our natural resources overseas where they add no value until they are refined’. In support of this, Lopez added that “African migrants, if properly trained, can return to the continent to add value just like the entrepreneurs being trained by the Tony Elumelu Foundation”.

 

“Young people need a helping hand, the kind that will make them self- reliant and self- confident so that they can add their quota to the development of the continent” said Tony Elumelu. He commended the AfDB for launching the New Deal on Energy for Africa initiative.

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A Glimpse Into Tomorrow: Tingo AI Radio Leads the Way

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4 hours ago

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March 4, 2025

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Tingo AI Radio, acclaimed as Africa’s first AI radio, hosted a transformative meet and greet event in Lagos that showcased the wonders of AI innovations and mind-blowing robotic automations. Indigenous community members, tech experts, and curious citizens gathered at a bustling venue to witness live demonstrations that brought futuristic technology into everyday context. Robots were seen performing tasks such as digital storytelling and automated craft production, sparking discussions on the integration of technology with cultural heritage. “It’s truly a glimpse into tomorrow, where our traditions coexist with innovation,” said community elder Mr. Olanrewaju. Expert panels explored the applications of AI in education, agriculture, and local business, stressing the importance of ethical practices and community empowerment. Interactive workshops offered hands-on experiences with digital interfaces, reinforcing the potential for technology to uplift indigenous communities. With Tingo AI Radio at the helm—as the first AI radio on the continent—the event underscored a commitment to blending modern advancements with time-honored traditions. Enthusiasm filled the air as plans for ongoing digital literacy programs and collaborative initiatives were announced, marking a significant step toward a digitally empowered future in Lagos.

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Tingo AI Unveils the Future: Students Experience Cutting-Edge Robotics Innovation

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6 hours ago

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March 4, 2025

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Tingo AI opened its doors to students of Lagos State Model School College, Meiran for an immersive excursion into the future of robotics and artificial intelligence, showcasing groundbreaking innovations that will define Africa’s technological landscape.

 

Inside our state-of-the-art robotics lab, students watched in awe as small, intelligent machines designed and produced everyday objects from plates and cups to intricate mechanical components all with precision and automation. With just a few commands, these robots crafted items that once took hours to manufacture, proving that the future of AI-powered automation is here.

“Robotics isn’t just about machines, it’s about building Africa’s self-sufficiency in technology and manufacturing,” said Abraham, at Tingo AI. “With the power of AI, we are demonstrating that Africa can design, build, and scale robotic solutions that revolutionize industries, reduce costs, and accelerate production.”

Beyond robotics, Tingo AI is pioneering advancements in AI agent development, automation, and digital transformation, with a fully operational AI-powered radio station that redefines media in the digital age.

Today’s event is only the beginning. Tingo AI is shaping the future, and the world is watching

Stay connected with us @tingoai_ for more groundbreaking innovations and educational experiences.

 

#TingoAI #AIinAfrica #FutureLeaders #ArtificialIntelligence #TechRevolution #DozyMmobuosi #Tingo1025fm #NextGenTech #InnovateAfrica #FutureOfBroadcasting

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Tingo AI Radio: The First and Only AI Radio in Africa

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1 day ago

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March 3, 2025

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Tingo AI Radio, Africa’s first and only AI-powered radio station, was thrilled to welcome students from CrystalCliff School at A4 Greenhaven Estate, Alatunse Town, Lagos to an exclusive Tingo AI School Meet and Greet. This groundbreaking initiative aims to introduce young minds to the vast opportunities artificial intelligence offers and how they can be part of this technological revolution.

 

During the visit, students experienced the power of AI-driven broadcasting firsthand through live demonstrations and interactive discussions. Victor Simeon, an enthusiastic student, expressed his amazement: “I had no idea AI could do all this! This visit has inspired me to learn more about technology and maybe even create something that can change the world.”

From live AI broadcasting to cutting-edge automation, these students witnessed the future of media unfold before their eyes. At Tingo AI, we’re not just creating technology—we’re shaping the future. Stay tuned as we continue to lead Africa’s AI revolution!

 

Together, we are shaping Africa’s tech-driven future, and today’s students are the pioneers of tomorrow! #TingoAI #AIInnovation #FutureLeaders #ArtificialIntelligence #TechRevolution

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