The economy of Angola mirrors that of Nigeria. Both are oil basket nations. They do well when there is boom and suffer when there is bust.

Nigeria has been trying to diversity into technology by giving money to entrepreneurs vi YouWin! and other initiatives at state levels. In these cases, the government runs the show with no sustainability. Angola has a private sector vehicle which does better.

FACRA is one of Africa’s largest VC Funds with assets in excess of $250 million. As an Angolan Government-backed organization, the Fund’s objective is to encourage innovation in Angola by supporting local entrepreneurs.

FACRA’s objectives involve helping to facilitate the launch and expansion of new businesses, boosting entrepreneurship, supporting the development of business skills, and promoting innovation and efficiency in Angolan small and medium enterprises. The fund also aims to build competencies, innovation and technological capabilities in businesses with which it invests.

As a government-backed venture capital fund, FACRA is a powerful instrument for the diversification of the Angolan economy. The Fund plays a particularly important role due to the current macro-economic environment, where access to financing by SMEs is difficult and the relatively small pool of skilled local workforce often impedes business expansion.

FACRA provides alternative, stable long-term equity funding to local and foreign entrepreneurs looking to enter the Angolan market. Organizations that FACRA invests in also benefit from expert business support in both a strategic and financial capacity during the business life cycle.

Kenya wants the IT techies to get licenses – the way lawyers, doctors and dentists do. It has a bill in the parliament for that. Welcome to the death of ICT in Kenya where growth will be driven by degrees instead of results.

The following are the 2016 Quartz Africa Innovators. According to the online publisher, the innovators have been chosen for their groundbreaking work, thought-leading initiatives, and creative approaches to problems.

 Amrote Abdella ? Iyinoluwa ‘E’ Aboyeji ? Bilikiss Adebiyi-Abiola ? Ally Angula ? Mantse Aryeequaye & Sionne Neely ? Patrick Awuah ? Edwin Bruno ? Evelyn Gitau ? Marie Githinji ? Danai Gurira ? Joseph Hundah ? Cyrus Kabiru ? Wanuri Kahiu & Nnedi Okorafor ? Agosta Liko ? Rafael Marques de Morais ? Dada Masilo ? Given Mkhari ? Matsi Modise ? Isaac Nabwana ? Wilfred Ndifon ? Axel Ngonga ? Okechukwu Ofili ? Diana Opoti ? Yusuf Randera Rees ? Winnifred Selby ? Laolu Senbanjo ? Gbenga Sesan ? Smockey (Serge Bambara) ? Kola Tunbosun ? Ciiru Waweru

Neuroscientists say multitasking literally drains your energy.Try carving out different times for specific activities instead.

Studies have found that people who take 15-minute breaks every couple of hours end up being more productive, says Levitin. But these breaks must allow for mind-wandering, whether you’re walking, staring out the window, listening to music or reading. “Everyone gets there a different way. But surfing Facebook is not one of them,” he says. Social networks just produce more fractured attention, as you flit from one thing to the next.

Samsung Electronics delivered strong results. Thanks to cost-cutting and solid sales of its latest flagship smartphone, the Galaxy S7, the world’s top handset maker beat estimates and had its biggest operating profit in more than two years. An overhaul of its low- and mid-end handset lineup also helped.

The South Korean electronics giant — also the world’s top handset maker — predicted an operating profit of 8.1 trillion won ($7 billion) in April-June, up 17 percent from a year ago.

It is the company’s biggest operating profit since the first quarter of 2014 and beat the average estimate of 7.4 trillion won from analysts surveyed by Bloomberg News.

Analysts attributed the figures to the firm’s aggressive cost-cutting efforts and brisk sales of the Galaxy S7, the latest version of its high-end, flagship smartphone.

Samsung ecosystem is expanding to add canvas photo prints.