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Mastercard and Women Choice expand partnership to invest in women entrepreneurs
Women Choice - an international organization dedicated to advancing women's personal and professional development - launched the pilot cohort in 2023.The next cohorts will be participating in the new programs this year and will aim to impact 50,000 women.
[Column] Farai Bayai Ncube: Bridging gender gaps in Africa’s creative sectors
The Creative DNA programme, initially successful in Kenya with three completed cohorts, has expanded to Ethiopia, Senegal, and Uganda, and plans to launch in more sub-Saharan African countries.
[Column] Frida Frans: The African Cup of Nations (AFCON) - A Beacon of Unity Amidst African Challenges
Hats off to the Elephants of Cote d'Ivoire for securing the trophy of the 34th edition of the Africa Cup of Nations. What a host! It was a fascinating month as Africans united on the field of play.
Aramco expands global venture capital programme with $4 billion funds injection
It will take Aramco's overall venture capital allocation to $7.5bn, which also includes the $500 million venture capital fund Wa'ed Ventures that focuses on the start-up ecosystem in the Kingdom of Saudi Arabia.
[Column] NJ Ayuk: African oil and gas and the rest of the world: what changed in 2023?
It’s undeniable that the Russian invasion of Ukraine proved highly disruptive to world energy markets. This geopolitical clash led to the imposition of Western sanctions on the export of Russian oil and fuel and the imposition of a price cap on Russian crude by the G7 group.
[Column] NJ Ayuk: Oil market predictions and what they mean for Africa
The chaos certainly was felt in the oil industry, which saw record distortions during the pandemic era, especially during its first few months.
[Column] NJ Ayuk: Oil companies still have vital role to play in African energy
Behind every discovery, final investment decision (FID), and first oil announcement in our continent are companies of all sizes, advancing our energy industry and bringing Africans closer to realizing the energy security and prosperity that their petroleum resources represent.
[Free Webinar] Global Payment Strategies for Shipping & Logistics: Empowering Seamless Trade
Join this insightful webinar that delves into the world of global payment strategies tailored to empower seamless trade within the shipping and logistics industry.
Dalberg Advisors appoints Lillian Kidane as new Regional Director for Africa
Dalberg Advisors, a global impact consultancy committed to building a more inclusive and sustainable world, has appointed Lillian Kidane as the new Regional Director for Africa region.
[Free Webinar] Global Payment Strategies for Shipping & Logistics: Empowering Seamless Trade
In the rapidly evolving landscape of shipping and logistics, effective cross-border payment strategies have emerged as a critical driver of success. Join this insightful webinar that delves into the world of global payment strategies.
[Column] NJ Ayuk: More progress needed in African gas exploration and development
African gas consumption is slated to rise. Even as total production moves upward, commercial flows from the continent are likely to rise to about 27-28 bcf per day within the next few years and then remain at that level until the late 2030s.
Ghanaian actress, Yvonne Nelson, joins top YouTube MCN, Age Africa
Yvonne Nelson is the latest signee of Age Africa Agency, the top multi-channel network for YouTube creators, brands, publishers and artists in Africa responsible for the growth and management of YouTube channels.
[Interview] Yvonne Nelson, Actress and Entrepreneur, Ghana
Yvonne Nelson is a renowned Ghanaian actress and producer who has led a life filled with significant moments that illuminate her remarkable characteristics as a human being. Africa Business Communities interviews with her.
[Ghana] Actress Yvonne Nelson relaunches Heels & Sneakers TV series on YouTube
After seven years of launching the Heels and Sneakers drama series on TV, actress Yvonne Nelson’s YN Productions has relaunched the series on YouTube with a captivating plot twist.
[Column] Marlene Mutimawase: Promoting women's leadership for land restoration in Africa
African Union in partnership with the Government of Kenya and Africa Climate Summit brings together leaders from governments, businesses, international organizations, and civil society to showcase a diverse range of bold innovative climate actions taking place across Africa.
[Column] NJ Ayuk: African oil and gas exploration is going strong
Despite the call heard 'round the world commanding the global business community to divest from fossil fuels and shrink their carbon footprints in the name of net zero, international oil companies (IOCs) still recognize Africa as their next frontier.
[Column] Thandi Moticoe: Driving change through economic empowerment of South African women
One of the keys to overcoming the challenges faced by women is economic empowerment. By providing women with skills training, microfinancing, and entrepreneurial support, we are helping women break free from the shackles of dependence and vulnerability.
ECOWAS moves to empower women through cross-border women in development networks
The ECOWAS Commission through the Directorate of Free Movement of Persons and Migration organised a meeting for Needs Assessment and Project Identification for Cross-Border Women in Development Networks (WID). The event took place in Accra, Ghana.
[Chronique]Frida Frans: L'impact des coups d'État sur les accords de commerce et la stabilité économique en Afrique de l'Ouest
La récente série de coups d'État en Afrique de l'Ouest a entraîné des bouleversements politiques dans la région. Ces coups d'État survenus au Mali, en Guinée, au Burkina Faso et au Niger se caractérisent par des changements soudains et souvent violents à la tête du pays.
[Column] NJ Ayuk: Nigeria must fully implement the petroleum industry Act
Nearly two years from its passage into law, implementation of the PIA and its initiatives has been slow for numerous reasons, but not without progress, and signals from Nigeria’s new administration indicate that these conditions will not remain the status quo.
[Column] NJ Ayuk: The promise of Angola’s growing natural gas industry with a ready-made market
From exploration to production and export, the Angolan oil and natural gas industry is bustling with new initiatives. This past year alone, international oil companies and the Angolan government partnered to award numerous regional operators with service contracts.
[Column] Wayne Glossop: Gas power solutions for South Africa
While to date our society has been heavily reliant on coal, it's not able to keep pace with the energy and environmental aspirations of the nation currently.
[Column] NJ Ayuk: Natural gas represents tremendous opportunities for Africa — we must seize them now
For Africa to move forward and grow its natural gas output, a two-pronged approach is required: Gas producers must continue to pump from existing fields while countries with new discoveries must get these undeveloped projects to the final investment decision (FID) stage as quickly as possible.
How does African women’s health compare to women’s health around the world?
In Africa, however, according to the World Health Organization, a woman’s life expectancy is just 54 years.
[Column] Gawie Kanjemba: The state of play of African oil and gas
Historically, oil and gas projects are known to experience delays ranging from 5% to 20% of the project duration owing to project complexity, significant capital requirements and the multi-faceted nature of developments.
[Column] NJ Ayuk: The outlook for African oil in 2023 is promising
Several years ago, the African energy industry was in survival mode. The COVID-19 pandemic had practically eliminated demand for crude oil, and African exports dropped sharply.
[Column] NJ Ayuk: Natural gas is key to addressing South Africa’s energy needs today and tomorrow
As the country’s fleet of mostly coal-powered plants struggles to keep up with electricity demand, South Africans are enduring daily power outages that last six to 10 hours a day.
[Column] NJ Ayuk: Time to break the deadlock on TotalEnergies’ offshore gas deal
There’s another complication at hand, in that South Africa’s government has pledged to reduce the power sector’s carbon emissions intensity.
[Column] NJ Ayuk: How domestic gas production can help mitigate South Africa’s energy crisis
The country’s fuel and energy sector is truly in trouble, with power shortages and blackouts worse than ever before.
KFC appoints Akhona Qengqe General Manager for Africa
Akhona’s experience, spans across multiple industries including petroleum, property, marketing, operations and convenience retail. She has also served as the Chairperson of the Board of the Franchise Association of South Africa.
[Nigeria Business Week] Andrea Ayemoba: Investors bet on fintechs, startups
The past couple of weeks have seen a flurry of activities in several sectors of the Nigerian economy. Startups are receiving increasing financial backing from VCs for the growith of SMEs.
[Nigeria Business Week] Andrea Ayemoba: 2022 statistics outline Nigeria's economic status quo
Despite all the setbacks plaguing economies the world over, Nigeria’s GDP for 2022 is projected to be north of $500billion, the largest in Africa. All eyes are now turned to what these next 12 months could bring Africa’s largest economy.
[Column] Givemore T. Chiwanza: How has the Russia-Ukraine crisis affected Africa?
This Ukraine crisis escalated on 24 February 2022 and has tremendously impacted the global socio-economic terrain. The situation has and will continue to affect the African continent's financial system and food and energy security.
[Nigeria Business Week] Andrea Ayemoba: Local fintech spreads to East Africa, oil and gas find major milestone
Nigeria, like other countries of the world, is going through some economically turbulent times. Inflation is on the rise (recently pegged at 21.9%) and local startups are directly impacted by financial crises on the other side of the world.
[East Africa Business Week] Bob Koigi: Investing in women-led businesses
Small and medium-sized enterprises (SMEs) account for an estimated 90% of all businesses in Africa and women own about a third of all registered African SMEs.
[Column] Khethiwe Nkuna: Why investing in women is a smart economic policy
There is a growing body of evidence around the world that shows that gender diversity is linked to innovation in business. An innovation mindset is six times more likely in more gender-equal cultures than in the least equal ones.
[Column] Mary Ngechu: Placing women at the center of development discourse works
Any conversations around increasing our competitiveness as a country without looking at women’s involvement are echoes in a hollow chamber. This is no longer a ‘good conversation to have’; it is an urgent measure that needs to be taken.
[Interview] Dr. Mohamed El Sahili, CEO, Medland Hospital, Zambia
Dr. Mohamed El Sahili is the Chief Executive Officer of Medland Hospital, Zambia. As a medical doctor and entrepreneur, Dr. Sahili also serves on the board of key economic international organizations like the African Business Roundtable, the American Chamber of Commerce, Zambia, Olympic Youth Development Center and the Africa CEO Forum.
[Interview] Dr. Mohamed El Sahili, PDG, Hôpital Medland, Zambie
Le Dr Mohamed El Sahili est le directeur général de l'hôpital Medland, en Zambie. En tant que médecin et entrepreneur, le Dr Sahili siège également au conseil d'administration d'organisations économiques internationales clés, telles que l'African Business Roundtable et l'American Chamber of Commerce.
[Nigeria Business Week] Andrea Ayemoba: Nigeria battles odds to maintain productive economy
According to the International Monetary Fund, Nigeria is being pushed to the brink by inflation. Banks however, one of the pillars of the economy, have remained in good standing.
[Nigeria Business Week] Andrea Ayemoba: Gas price triggers ripple effect across industries
Nigeria’s inflation as of the month of May stood at 17.71%, but economists are now predicting just a month later a new figure we can expect at the end of this year.
[Nigeria Business Week] Andrea Ayemoba: Nigeria scores big in budget transparency
The infrastructure of Nigeria is such that for meaningful progress to be made, there must be give-and-take on the parts of the government and the people.
[Nigeria Business Week] Andrea Ayemoba: Government, Industries move to expand women enterprise
With plunging profits in its prized sector, oil and gas, and an ever-climbing inflation, Nigeria is increasingly turning to what most of the world has been blind to – the potential of women in business.
[Nigeria Business Week] Andrea Ayemoba: Banks move into East Africa, telecom pushes NSE profit
The telecom industry this week recorded a peculiar development – the massive registration of Nigerian SIM card holders.
[Nigeria Business Week] Andrea Ayemoba: Banks rally behind women-led SMEs
The NNPC has an approximated value of 50 trillion naira. With oil and gas infrastructure in Nigeria constantly plagued by mischief and vandalism, an ECOWAS expert has profferred a very interesting solution to this persisting problem
[East Africa Business Week] Bob Koigi: West meets East
West African companies have particularly been keen to expand their operations in the East African region. This has been through mergers, partnerships or takeovers.
[Nigeria Business Week] Andrea Ayemoba: Telecoms slide into banking, Central Bank ups interest rates
The last few days have shown us developments and setbacks, statistics that show growth on the one hand and room for improvement on the other.
[East Africa Business Week] Bob Koigi: Harnessing the potential of African intermediary cities
Africa’s urbanization rate has reached a record high with the continent being the most urbanized globally.
[Nigeria Business Week] Andrea Ayemoba: Clean energy gets funding amid inflation and trade deficits
Oil and Gas has been a pillar supporting the Nigerian economy for a very long time. Rich in this natural resource, Nigeria may be guilty of neglecting other promising sectors, like Agriculture and even Insurance.
[Nigeria Business Week] Andrea Ayemoba: Digitization set to penetrate capital market, investment
Given the economic situation spreading across the globe in the last couple of years, it is with some optimism we can take the modest increase in Nigeria’s GDP.
[Nigeria Business Week] Andrea Ayemoba: An economic overview for Q1
As we have seen over time, when one sectors hits a low point, another is seen hitting high notes. Such is the situation as we’ve seen it lately.
[Nigeria Business Week] Andrea Ayemoba: FG targets unidentified sim cards, CBN targets non-compliant banks
Events this week have taken an interesting turn – investors have in the last few days demonstrated a lack of confidence in the banking sector, otherwise known for its resilience in the face of economic instability.
[Nigeria Business Week] Andrea Ayemoba: Telcos break new ground, digital loans gain momentum
Instant loans, sometimes called digital loans, are gaining speed in the country and the telecom sector took some giant steps forward this week.
[Column] Mary Ngechu: Making space for the next generation of women in manufacturing
Pivotal moments in history have brought manufacturing to where it is today, and women have played an important part in the sector’s evolution over the years.
[Nigeria Business Week] Andrea Ayemoba: Government, experts look to non-oil exports for economic recovery
The math is really simple – a rise in fuel prices leads to a rise in price in everything on the market because it costs more to transport it.
[Nigeria Business Week] Andrea Ayemoba: A call for exports diversification for higher market gains
Agriculturists and entrepreneurs are working harder than ever to address food sufficiency, but energy rests firmly on the government’s shoulders.
[Nigeria Business Week] Andrea Ayemoba: State to digitize tourism, FG takes on efficient mobility
Banking is one of the most thriving sectors in Nigeria. The reason for this success has been attributed to the efficiency with which this industry has leveraged technology to modernize its operations.
[Nigeria Business Week] Andrea Ayemoba: Economic conditions returning to pre-pandemic levels
The startup movement has picked up pace in Nigeria over the last decade, with the government and responsible agencies ramping up efforts in motivating the burgeoning industry.
[Nigeria Business Week] Andrea Ayemoba: Government, Central Bank turn focus to the startup movement
There’s an ongoing comparison in Nigeria's status quo that is causing some rift – the national statistics and reports are showing a promising and stable economy, but the situation on-ground reflects a different reality.
[East Africa Business Week] Bob Koigi: Heightened oil and gas activities inspire more investments
As the East African nations continue to make oil and gas discoveries, investors and multinationals are pitching tent in the region on an exploration binge with governments betting on the newfound resources to grow national and regional economies.
[Nigeria Business Week] Andrea Ayemoba: 5G becomes national security policy, industries seek sustainability in technology
The one thing the current global pandemic has unilaterally effected in all nations is a rearrangement of priorities, both for people and for governments. Survival elements – food and healthcare – have taken lead position.
[Nigeria Business Week] Andrea Ayemoba: Nigeria sets course to unify industry benefits, lead Africa's 5G
Following a turbulent year of stock market fluctuations, restrictions related to an ongoing pandemic and varying economic instabilities, predictions on Nigeria’s performance last year ranged from inferior to mediocre to excellent.
[Nigeria Business Week] Andrea Ayemoba: Industries unanimously look toward renewable, sustainable practices
The Covid-19 crisis has been cause for numerous economic slumps round the world; companies were shut down, production halted, industries crippled and prices skyrocketed the world over.
[Nigeria Business Week] Andrea Ayemoba: A 5G promise looms, global trade predictions show winning numbers
Nigeria’s tactic is one of sharpening the sectors that have shown promise (such as technology, agriculture and banking) while throwing resources at those that have been in a work-in-progress mode for years.
[Nigeria Business Week] Andrea Ayemoba: Nigeria enters green market, takes on AfCFTA implementation
The collaboration of government with industries is crucial for economic progress, be the market large or small. Nigeria knows this and is taking steps to work closely and create better transparency in one of the country’s most robust industries.
[Column] Lizelle Strydom: How the BPO sector is giving African women a platform to grow
While training programmes can help bridge the skills gap for women from disadvantaged communities, it is vital that organisations develop a culture of mentorship to help women progress in their careers.
[Column] Phyllis Wakiaga: Invest in women entrepreneurs to improve livelihoods
The resilience of women in entrepreneurship and business does not go unnoticed. It is their agility to overcome archaic beliefs and tough situations that have proven their worth.
[Interview] Victoria Nannozi, CEO, The Association of Real Estate Agents, Uganda
The Association of Real Estate Agents, AREA-Uganda, is an umbrella institution of real estate agency/brokerage companies, consultancy real estate firms, and real estate agency /brokerage professionals in Uganda that have key interests in real estate agency/brokerage.
[Interview] Naike Moshi, Country Director, CVPeople Tanzania
CVPeople Tanzania is a talent acquisition and recruitment company that has for 6 years established itself as a frontrunner in the executive search and headhunting for clients across banking, telecom, and NGO sectors.
[Column] Phyllis Wakiaga: Nurture technical skills to revolutionize manufacturing
Countries all over the world have prioritized manufacturing in their economic rebound strategies, following the adverse effects of the COVID-19 pandemic.
[Column] Titilayo Adewumi: Building greater sustainability, climate resilience in West Africa
Across Africa, urban centres are rapidly expanding as the continent’s large – and growing – youth population seek better fortunes in the city.
[Column] Grace Goodrich: Driving deal making in Mozambique post-COVID-19
While overall transactions dropped by eight percent in sub-Saharan Africa in 2020, in Mozambique, the number of transactions rose, with 12 deals reported compared to only four deals in 2019, according to a Baker McKenzie analysis.
[Column] Phyllis Wakaiga: Increasing participation of women in the manufacturing sector
The increased participation of women in manufacturing is the inevitable change we need to achieve our industrialization goals.
[Column] Neil Ford: South Sudan government bets on marketing to bolster oil reforms
The government of South Sudan is seeking to greatly change the way it markets its oil in order to boost revenues and make the process more transparent.
Mauritius oil spill puts spotlight on ship pollution
Often close to world shipping lanes, small island and coastal nations are at particular risk from oil spills.
[Column] C. Derek Campbell: Stakeholders engagement and security will be key to ensure success of Mozambique’s LNG projects
The scale and enormous economic potential of Mozambique’s LNG projects constitutes a seminal effort with national, regional and global implications and visibility.
[Column] Leoncio Amada: Economic recovery must go through a reform of forex regulations in Central Africa
The health and economic crisis caused by the Covid-19 pandemic is devastating the productive, economic and financial systems throughout the entire planet.
[Column] Andiswa Bata: What it entails to support women entrepreneurs
Whilst female entrepreneurship is on the rise globally, The World Bank's research shows that female entrepreneurs tend to encounter a unique set of challenges in starting and running their businesses.
[Interview] Marieme Esther Dassanou, Coordinator, AFAWA programme, AfDB
Marieme Esther Dassanou is the Coordinator of Affirmative Finance Action for Women in Africa (AFAWA) the African Development Bank’s flagship pan-African initiative
Protecting trade in Nigeria, how DFIs are responding to COVID-19
With the COVID-19 pandemic continuing to devastate economies around the world, Africa is set to experience its first recession since the 1990s, threatening to undo two decades of growth and development.
[Column] NJ Ayuk: African lives matter, too; Energy Policy decisions should consider their needs
As African oil and gas countries struggle with Covid-19’s devastating impact on demand, two international groups seem to be celebrating it.
African Development Bank delivers on a decade of transformative commitments to reduce poverty
For the past five decades, the African Development Bank Group has been at the forefront of driving Africa’s economic transformation, leveraging its diverse resources and unique know-how as an indigenous development finance institution.
Tough future for women small-scale and informal cross-border traders
As the economic effects of the coronavirus pandemic continue to unfold, it becomes clear that some will be hit harder than others.
Industry downturn in Angola presents opportunities for local content and marginal players
With an economic recession expected at -1.4 per cent by IMF this year, Angola is expected to be less hit than its immediate neighbours or than the rest of African oil-producing countries.
[Column] [Column] Phyllis Wakiaga: Home-grown solutions are key for sustainable development
Necessity is the mother of all inventions. We are witnessing an increase in innovations as the world races to develop a vaccine to treat COVID-19.
[Column] NJ Ayuk: How Africa can make a comeback from the oil and gas downturn
Stunning drops in crude oil prices—the result of COVID-19-related declines in demand and an oil price war between Saudi Arabia and Russia—have been taking their toll around the globe this spring.
[Startup Interview] Josephine Pretorius, Founder, Consolidated Marketing Services, South Africa
Josephine Pretorius is the founder and CEO of Consolidated Marketing Services, CMS, a South African startup offering marketing and PR services to clients predominantly in the energy and power infrastructure sector.
East Africa’s oil industry: A new story in the making
The recent acquisition by Total of Tullow Oil's entire interests in the Lake Albert Development Project in Uganda marks the beginning of a new chapter for East Africa's energy industry.
Most commodity prices to drop in 2020 as COVID-19 depresses demand, disrupts supply, World Bank
The global economic shock of the COVID-19 pandemic has driven most commodity prices down and is expected to result in substantially lower prices over 2020, the World Bank said in its April Commodity Markets Outlook.
Should Africa consider the nuclear energy route?
Despite its advancements over the years particularly in the oil, gas and power industries, it is no secret that Africa is still plagued with the very real issue of inefficient energy supply.
COVID-19 affirms urgency for trade facilitation reforms in Angola, UNCTAD
The coronavirus (COVID-19) pandemic’s blow to global oil prices has re-emphasized the need for Angola to wean its economy off volatile fuel exports.
[Column] Bob Koigi: Of coronavirus crisis and the silver lining for Africa
As economies take a hit from the impacts of the Coronavirus pandemic, the crisis is birthing opportunities and continues to create crucial lessons on resilience and adaptation especially in Africa.
[Column] NJ Ayuk: The Mozambique gas promise and why it epitomizes the African dream
It has been almost exactly ten years since Anadarko drilled the well that would give Mozambique its first major gas find in over sixty years of mostly disappointing oil and gas exploration.
[Column] Rémy Ejel: International Women’s Day: What will it take to achieve gender equality?
“There should be equality for all – men and women – at all levels, and all ages” was the compelling call from Anna, one of our young female talents at Nestlé CWA Ltd, about gender equality.
[Column] NJ Ayuk: Opportunities for African oil producers post OPEC+
Sometimes it is easy to forget how interconnected human lives across the globe have become.
Offshore Network publishes Nigeria Well Intervention Forecast
See how to position yourself to take advantage of an uplift in activity as the Nigerian government puts well intervention at the forefront of production plans
[Column] NJ Ayuk: We must not jeopardize Africa’s future in the name of fighting climate change
Pressure is building to phase out fossil fuels in Africa to fight climate change.
[Column] NJ Ayuk: What Africa’s Future Liquefied Natural Gas producers can learn from Qatar
As I got into the process of writing my recent book Billions At Play, The future of African Energy and doing deal, the story of Qatar intrigued me.
[Column] Boris Ivanov: How global energy dynamics are shaping the outlook for African exploration
Africa is a continent rich in energy resources, but poor in supply. For most Africans energy is either unaffordable, unreliable or inaccessible.
[Startup Interview] Radwa Khairy, Founder, Talents Fit, Egypt
Radwa Khairy has over a decade's worth of experience in the Human Resources, Hospitality and Travels fields. In December 2018, she founded Talents Fit, a recruitment platform servicing human resourcing and employment needs in Egypt.
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COLUMNS.
[Column] Louis Avenant: Trends for African telcos in 2024
Africa’s vibrant telco sector is set for a bumper year in 2024 as it expands operations and broadens service offerings ...read full column here
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[Column] Virodh Sunderlall: What to expect from South Africa’s cybersecurity landscape in 2024
As widely reported last year, South Africa received the most cybersecurity threats on the continent by far ...read full column here
[Column] Stephen Bottger: The power of data analytics to revolutionise public safety
The use of applications, technology and data analytics can play a significant role in public safety globally ...read full column here
INTERVIEWS.
[Interview] Chester Wisniewski, Director of Global Field CTO, Sophos
Chester Wisniewski, the Director of Global Field CTO at Sophos, emphasizes several key trends and predictions for the cybersecurity realm in the coming year … read full interview here
[Interview]: Daniel Otu, Koa’s Production and Operations Director & the factory project lead
Daniel Otu, Koa’s Production and Operations Director & the factory project lead, touched on the challenges faced, the importance of sustainability, the role of local culture, and the lessons that shaped Koa’s future vision … read full interview here
[Interview] Oluwole Eweje, CEO-WATT Renewables Corporation
We provide sustainability for communities, especially communities that have very few businesses … read full interview here