The regulatory environment is changing based on a society that is more health conscious, advocating for the preservation of life. Increasing of taxes on products such as tobacco, alcohol and now sugar-sweetened beverages are a result of increased lobbying from non-profit organisations who are pushing governments to penalize consumers to protect themselves from themselves by making it relatively unaffordable to purchase these products. By increasing taxes it is assumed that the consumers will use less of the good based on a higher pricing point. The fewer units that are consumed, the less strain on your body and ultimately the longer you live. Raised taxes also benefits the tax man because, from a human nature standpoint, it takes a lot of willpower to kick a habit, let alone reduce your utility threshold. We live in an increasingly stressful world and the products we are told to consume less and less of, sometimes provide the temporary relief we need to get by. A rather controversial but true state of affairs based on our daily trials and tribulations.
The African Innovation Foundation (AIF) announced the top 10 nominees who will be contending for the 2017Innovation Prize for Africa (IPA), to be awarded in Accra, Ghana on 18th July 2017. Innovators from nine African countries including Democratic Republic of Congo, Egypt, Kenya, Liberia, Morocco, Nigeria, South Africa, Uganda and Zimbabwe have been shortlisted for the prestigious Prize.
The new government of Ghana is aiming to turn the tables around for agricultural development in the country. This includes the new project ‘Planting for Food and Jobs’ which seeks to support farmers with some basic necessities including fertilizers. In view, regional Government heads and international industry leaders to gather in Accra to discuss opportunities for West African fertilizer and agribusiness trade. The event which is organized by CRU Events and the African Fertilizer and Agribusiness Partnership (AFAP – an organization committed to providing services to the public private sectors on sustainable development programs and policies focused on market-driven business solutions in the agriculture inputs and agribusiness value chain) is scheduled for 10-12 July at the Movenpick Hotel in Accra.
Ghana will be witnessing the development an industrial business center officially unveiled as The WestPark which will be a center for industries to manufacture products locally and also engage in business comfortably to aid in the development of West Africa’s growing market. The WestPark was officially announced during the G20 Africa Partnership Conference in Berlin by the developers, BlackIvy – company that build and grows logistics and infrastructure solutions for emerging economies and businesses that serve the needs of the growing middle class. The project is estimated to cover an area of 405 acres and situated in Takoradi, along with the coast of Ghana. Germany’s Robert Bosch GmbH and Kärcher GmbH & Co. KG, America’s sports apparel manufacturer DTRT Apparel Ltd. and Ghana’s Quantum Group are strategic partners of the WestPark project. The partners are positive that this project will increase employment opportunities and ease trade growth within the West African region.
Zambia’s economy is looking bright after the recent IMF visit to the country to further discussions on the 2017 Article IV consultation. The country has grown in foreign investors towards Zambia’s government securities market and also a good climatic condition – marked by moderate rainfall to support the agricultural sector. The country has also requested for an IMF-Supported program. According to the IMF team, the Zambian economy has witnessed a positive growth which could possibly allow the country to be supported by IMF’s Extended Credit Facility (ECF). The ECF provides financial assistance to countries with protracted balance of payments problems. As it stands now, the IMF seeks to reach more understanding of the country and based on that grant Zambia’s ECF request.
Southern Africans seem to be living a dream within the healthcare system. Realities of the healthcare sector within the region is far from what the region exhibits and perceive to have. This discovery came to play when a local Future Health Index, authorized by Philips, showed that only 33% of healthcare professionals in South Africa believe the overall health of South Africans is positive while 80% of the population grade their current health system to be positively; 46% of the South African population think the health system in the country is unintegrated, while 74% of healthcare professionals feel even more strongly about this. The reason for the difference in response between the population and health professionals is related to access to health care. Health professionals largely disagree that their patients have access to care across all phases of the continuum compared with the 19-country average.
Up and down Africa’s coasts, major seaports with bunkering facilities play a key strategic role in keeping sea traffic flowing, and industries growing. It is big business and includes the storage of bunker (ship) fuels and the provision of fuel to vessels. Bunkering includes the shipboard logistics of loading fuel and distributing it among bunkers.
The Sustainability, Enterprise and Responsibility Awards, otherwise known as The SERAS CSR Awards Africa, have announced the call for entries for the 2017 edition, and in 2017, for the first time, East African businesses and organisations are also invited to enter, making the event truly pan-African for the first time.
ENGIE (www.ENGIE-Africa.com) and eleQtra (www.eleQtra.com), a developer of power and transportation projects in sub-Saharan Africa, signed a Joint Development Agreement that defines the terms and the schedule for the development and construction of the 50 MW Ada Wind power project in the Greater Accra Region in Ghana. The project is expected to require an investment of approximately $120 million and to start operations early 2019. ENGIE will enter as a 40% partner in the project.
A delegation of the Canary Island Government led by its president, Fernando Clavijo, traveled to the United States to promote the Africagua Forum, the international meeting on Water and Renewable Energies held in Fuerteventura on the 6th and 7th of November.
This year’s winner of the international Swedish Steel Prize is Kiruna Wagon from Sweden. The prize is awarded for the company’s innovative wagon solution, the Helix Dumper. Kiruna Wagon has used high-strength steel to develop a highly durable and far more efficient wagon solution than other ore wagons on the market.
High profile data breaches are regularly in the news and, seemingly, businesses and are losing the battle to protect their intellectual property (IP), corporate, and customer data from the threats posed by professional cyber criminals.
While mining companies continue to be pressured by the uncertainty that looms over the global economy, the industry is on a quest to introduce innovation to help improve important business practices. Despite the challenges that remain, the mining industry is increasingly turning to digital technologies to streamline business models, capture reliable data and improve production and safety.
Three African renewable energy projects announced as winners of the US$7million Access Co-Development Facility competition
The three winning projects, hailing from Tanzania, Rwanda and Ghana, were selected from a technologically and geographically diverse pool of 82 entrants from 23 countries after having presented to a live panel of industry expert judges. The panel based their final selection on the commercial, technical and environmental merits of the projects presented, as well as the local regulatory environment and capability of the project teams. The winners will share the US$7 million pot provided by the Access Co-Development Facility as well as technical support and expertise.