Saturday, November 23African Digital Business Magazine

Nigeria News

Nigeria News

‘Green affordable power in Africa is a must’ says new Power Up coalition at COP27
Energy, Kenya News, Nigeria News, Togo News, Zimbabwe News

‘Green affordable power in Africa is a must’ says new Power Up coalition at COP27

More than 600 million African people go without access to electricity, and more than 900 million are without safe cooking facilities. At the COP27 climate summit now happening in Egypt, Power Up -  a new campaign with over 45 member organisations, is amplifying marginalised African voices in pursuit of funding for green affordable energy, particularly for frontline organisations powering up communities most affected by energy poverty to build resilience and upscale adaptation efforts. According to the IEA, bringing access to modern energy for all Africans calls for investment of US$ 25 billion per year, which is around 1% of global energy investment today. Using the hashtag #GreenPowerisaMust, the Power Up campaign is coordinated by Ashden, a charity working with organisations in the gl...
Energy, Nigeria News

Nigeria’s gas demand will continue to grow despite falling production and limited infrastructure, according to a new report

The future of Nigeria's natural gas industry looks promising, despite current production levels and limited infrastructure, according to a new report from African investment research agency Hawilti. While European markets are currently the main consumers of Nigerian gas, Hawilti's report highlights the potential for growth in the domestic market. With demand expected to rise, investing in the development of Nigeria's gas resources could pay off in the long run. The study found that there are several factors driving demand for gas in Nigeria, a country where most companies generate their own power to avoid relying on an inefficient grid. Initially, adoption was driven by large industries such as petrochemicals and fertilizers, and by multinationals seeking to decarbonise their operational ...
Egypt News, Energy, Ghana News, Kenya News, Morocco News, Namibia News, Nigeria News, South Africa News, Tanzania News, Uganda News

Africa: Energy transition policies and regulatory developments light up across the continent

Across the continent, countries in Africa are gearing up for the energy transition by implementing policy and legislative frameworks that take into account the energy crisis and the need for a renewable, decarbonized, decentralized energy supply that addresses climate change and the commitments made under the Paris Agreement. Ahead of the United Nations Climate Change Conference, COP 27, in Egypt in November this year, lawyers in Egypt, Ghana, Kenya, Morocco, Namibia, Nigeria, South Africa, Tanzania and Uganda have outlined the efforts taken by the governments in their countries to address this urgent need to harness renewable power. Such efforts are expected to provide exciting opportunities for investors in the African energy sector. Egypt Lamyaa Gadelhak, Baker McKenzie Cairo Partner ...
COP27: A unique opportunity to set the stage for Africa’s future in clean energy, according to Wärtsilä report
Energy, Mozambique News, Nigeria News, South Africa News

COP27: A unique opportunity to set the stage for Africa’s future in clean energy, according to Wärtsilä report

The climate change conference COP27 offers a unique opportunity to increase energy access and lay the foundations for decarbonisation across Africa, but wealthy nations must deliver on their climate finance pledges to unlock the continent’s potential, according to a new report. ‘Pathways for Africa’s Energy Future,’ a report from the technology group Wärtsilä, provides power system modelling of three African countries, Nigeria, South Africa and Mozambique. It finds that they can leapfrog some developed nations by not embedding inflexible fossil fuel-based systems. To enable such a massive transformation a combination of climate finance, effective planning and system reforms will be essential. The report demonstrates that replacing coal with renewable energy combined with flexibility from...
Building A Secure Digital Future
Nigeria News, Tech

Building A Secure Digital Future

The Nigeria Cybersecurity Summit is scheduled for 6-7 February 2023 at Lagos-Nigeria and will bring forth a C-level platform that will concentrate on Cybersecurity strategies and the evolving threat landscape. The summit will discuss cybersecurity solutions for various industries, including government and ministry, banking and finance, telecom and energy, healthcare, e-commerce, and IT. The main focus of this 2-day summit would be in Cybersecurity Leadership & Upskilling, Risk Mitigation, Cloud Security, AI for Enterprise Security, Critical Infrastructure, Biometrics and Identity, Threat Intelligence and Malwares. With the new normal of shifting to the digital world, the cybersecurity industry has not adapted to the countless new threats that we now face on the digital front. With bi...
Kenya News, Nigeria News, South Africa News, Tech

E-commerce app marketers are spending billions of dollars on user acquisition, according to a new report from AppsFlyer

AppsFlyer, the global marketing measurement leader, has released the 2022 edition of its State of eCommerce App Marketing report. Within the report, AppsFlyer outlines key global trends, guiding marketers in building a mobile-first experience that will drive engagement and sales for the upcoming holiday season. Following the past few years of significant e-commerce growth resulting from the Covid-19 pandemic, e-commerce in general and app marketing, in particular, have entered into a natural slowdown. In 2022, e-commerce is no longer attracting the same volume of new users, and rising prices are starting to take their toll on marketing budgets and planning. Heading into the holiday season marked by an economic downturn, supply disruptions, and continuing privacy changes and data restricti...
Medicine, Nigeria News, Startups

30 African Startups in Healthcare Supply Chains Selected for Support from Gates Foundation, MSD, WHO-AFRO and More

The i3 program is excited to announce the selection of 30 African startups that are leading the way in innovative health solutions. These startups come from 14 different countries and are working on novel solutions for device and medicine distribution, stock management and financing, authentication, traceability, medical waste management and more. 47% of the companies are women-led, and 30% of the companies are operating in Francophone Africa. Ann Allen, Senior Program Officer at the Bill & Melinda Gates Foundation, comments: "Digitally-enabled, locally-led innovations have huge potential to help address the challenges of access to medicines for historically unserved patients in Africa. We are thrilled to see strong women leaders at the helm of many of these startups, as we know innov...
Bluechip Launches in Europe following Successful pan-African Expansion
Nigeria News, Tech

Bluechip Launches in Europe following Successful pan-African Expansion

Hires industry expert Richard Lewis to spearhead the new European division Lagos, Nigeria - 8th August 2022, Bluechip Technologies, Nigeria’s leading provider of business application and data management solutions, announces its European launch following growing demand for its products and services. The strategic expansion positions the company as a new competitive entrant in the EU market offering data warehousing and analytics products as well as highly experienced senior data engineers from its Nigeria team as consultants for European firms. Leading the European expansion is Richard Lewis who will be CEO of Bluechip EU Subsidiary across Europe. Founded in Nigeria in 2008 by Kazeem Tewogbade and Olumide Soyombo, Bluechip leveraged the technical skills and reputation of Kazeem Tewogbade ...
Ghana News, Kenya News, Main, Namibia News, Nigeria News, South Africa News, Tanzania News, Zambia News, Zimbabwe News

Indirect tax developments in Sub-Saharan Africa

By Jana Botha, VAT Consultant, Baker McKenzie Johannesburg There have been significant developments in indirect tax within Sub-Saharan Africa (SSA) in the past year. The vast majority of developments have been based around VAT amendments and policies, as well as general budget updates for 2022 across SSA. This article includes key developments from Ghana, Kenya, Namibia, Nigeria, South Africa, Tanzania, Zambia and Zimbabwe. Ghana The Parliament of Ghana passed the Value Added Tax (Amendment) Act, 2021 (Act 1072) to bring VAT proposals into effect. The Amendment Act came into force 1 January, 2022. The policy includes a revision of the VAT flat rate scheme (VFRS). Act 1072 has now revised the application of VFRS to only cover retailers of goods where the value of taxable supply  is betw...
Nigeria News, Startups

African health tech start-ups in supply chain show promise, prompting launch of $7 million innovator support program

The Pan-African “Investing in Innovation” program will provide grants and commercialization support to 60 healthtech companies over two years. Healthcare consulting firm Salient Advisory has launched its latest market intelligence report highlighting promising African healthtech start-ups in supply chain. Spurred by these findings, a consortium of global and continental organizations, with funding from Bill and Melinda Gates Foundation, are pleased to announce the launch of a pan-African initiative to support companies’ impact, access to markets and commercialization. Salient’s report, titled ‘Innovations in Digitising Distribution of Health Products’, highlights more than 80 healthtech innovators in Kenya, Uganda, Ghana, and Nigeria. Tech-enabled approaches to digitizing medicine distri...