Tuesday, November 19African Digital Business Magazine

Senegal News

Senegal News

Accelerating the deployment of renewable energy will save West African countries hundreds of millions of dollars by the end of decade, says Wärtsilä
Energy, Guinea News, Mauritania, Senegal News

Accelerating the deployment of renewable energy will save West African countries hundreds of millions of dollars by the end of decade, says Wärtsilä

A strategy shift in favour of renewables will bring significant economic advantages as power systems are expanded. Speaking last week at the West Africa Energy Transition Forum in Dakar in the presence of key energy decision-makers, experts from Wärtsilä shared insights on the impact renewables will have on power system cost, flexibility, and stability in West Africa. They presented the results of their latest study which investigates Senegal’s optimal power system expansion. The study revealed that speeding up the deployment of renewable energy beyond what is currently planned will lead to a staggering $700 Millions of savings until 2035, primarily because of the massive decrease in fuel costs that it will generate. Significant cost savings are also expected in other West African countri...
Gender in Focus: Senegalese “Agripreneur” and African Development Bank AgriPitch Competition winner says digital marketing key to luxury tea startup success
Republic of Côte d'Ivoire (Ivory Coast), Senegal News, Startups

Gender in Focus: Senegalese “Agripreneur” and African Development Bank AgriPitch Competition winner says digital marketing key to luxury tea startup success

Senegalese businesswoman Adja Sembene Fall said she had no choice but to launch her start-up business online because her new Contanna fair-trade tea company only had $200 to its name. “Due to [lack of] finance, it was not possible to get a physical shop. We started out in the backyard of my brother’s house. We sold our teas via social media for three years,” said Fall. She says her line of luxury brand tea products is about more than taste. Fall says Contanna teas sell a “Senegalese experience” that promotes a women-owned, 100% locally sourced and processed product based on recipes infusing family and cultural traditions. “Digitizing our buying process was really important. We [were] also able to present and adjust packaging of our product online, [to emphasize] it was premium and differ...
MultiChoice Africa Accelerator Programme set to boost prosperity of African small and medium-sized businesses (SMME)
Angola News, Ethiopia News, Ghana News, Kenya News, Nigeria News, Republic of Côte d'Ivoire (Ivory Coast), Senegal News, South Africa News, Startups, Zambia News

MultiChoice Africa Accelerator Programme set to boost prosperity of African small and medium-sized businesses (SMME)

MultiChoice shortlists 11 start-ups to pitch for international funding and take their small businesses to the next level At a time when unemployment challenges and economic instability are high, small and medium-sized businesses (SMMEs) are proving to be the engines of economic growth and job creation throughout the African continent. In recognition of the critical role SMMEs play, MultiChoice launched the MultiChoice Africa Accelerator programme which trained 29 businesses across 9 African countries in key entrepreneurial skills. As the second leg of the programme, a panel of experts has selected 11 of the most promising small businesses and invited them to pitch to prospective international investors in Dubai. “There’s no denying the impact African SMMEs have on job creation and econ...
Presenting the 2022 Partech Africa Report: Resilient African Tech Ecosystem Still Growing with $6.5 Billion Raised in 2022
Fintech, Senegal News, Startups

Presenting the 2022 Partech Africa Report: Resilient African Tech Ecosystem Still Growing with $6.5 Billion Raised in 2022

Amid the drastic pullback in global VC funding, the African tech ecosystem stands out with +8% growth from 2021. Debt funding doubled in volume to $1.5B, accounting for nearly a quarter of the total funding. Fintech, still leading, attracted 39% of the total equity volume; Nigeria retained the top spot with 23% Partech Africa, the VC fund dedicated to technology startups in Africa, has issued its annual report on Africa Tech Venture Capital. The report, which aims to provide a practical picture of the state of the ecosystem, revealed that despite the global VC downturn, the African tech ecosystem grew faster than all other markets globally. Total funding invested into tech startups on the continent reached $6.5B, an increase of 8% vs 2021, spread across 764 deals - compared to 724 rounds...
11 Disruptive Startups Selected for Cohort 3 of the Africa Startup Initiative Program (ASIP) Accelerator Program powered by Startupbootcamp Africa
Senegal News, Startups

11 Disruptive Startups Selected for Cohort 3 of the Africa Startup Initiative Program (ASIP) Accelerator Program powered by Startupbootcamp Africa

 Africa's leading tech Accelerator, Startupbootcamp AfriTech (www.Startupbootcamp.org), together with founding partner and leading telecom giant, Telecel Group (https://TelecelGroup.com) have selected the participants of the much-coveted Accelerator Program, the Africa Startup Initiative Program (ASIP) (https://ASIProgram.com). The intrinsic value of startups in Africa lies in their ability to build fast and effective solutions to pressing challenges. Over the years another key aspect has come to the fray; scaling across borders. The ASIP Accelerator has managed to help founders fine-tune their business models while also facilitating entry into new markets such as Senegal. This has been possible through a historic partnership with DER/FJ (https://DER.sn), which was established to adv...
Rolls-Royce: Sustainably Powering Africa’s Regional Connectivity
Africa Travel, Business, Senegal News

Rolls-Royce: Sustainably Powering Africa’s Regional Connectivity

By Lydia-Claire Halliday, Executive Director, Stakeholder Relations & Strategy, LCH Consultancy Ltd. Africa urgently needs a more extensive and robust aviation network, given the region's relative lack of alternative long-distance transportation infrastructure The African aviation market has been underserved for a long time. Before 2020, only 9% of Africa's air traffic was between African countries, the rest being intercontinental. And today, globally, the region accounts for less than 2% of total air traffic despite being home to around 17% of the world’s population. Africa urgently needs a more extensive and robust aviation network, given the region's relative lack of alternative long-distance transportation infrastructure. Indeed, unlike the United States and Europe, where there ...
Inaugural Africa Airforce Forum highlights the role of Air Force in bridging regional stability
Events, Senegal News

Inaugural Africa Airforce Forum highlights the role of Air Force in bridging regional stability

Day one prioritizes partnerships to build transnational capabilities and address security challenges in the region, particularly low-intensity conflict areas Panelists address the top 5 priorities for fleet modernization and capability building Focus placed on better human resource management for the African air forces Airforce industry leaders from across Africa and global defense experts gathered today to address security challenges and the necessity for regional Air Forces to enhance air operations to counter asymmetrical threats across Africa and highlight aviation in Low-intensity conflicts at the Inaugural African Airforce Forum at the King Fahd Palace Dakar in Senegal. Hosted by the Senegal Air Force, the two-day forum hopes to effectively empower the aerospace communi...
Senegal faces key technology decisions in its search for the optimal gas-to-power strategy
Energy, Senegal News

Senegal faces key technology decisions in its search for the optimal gas-to-power strategy

By Joonatan Huhdanmäki, Senior Analyst, Energy, Wärtsilä On the back of its recent and substantial oil and gas discoveries, Senegal is now preparing to ensure that its vast natural gas resources will help meet future electricity demand and put an end to the excessive electricity prices undermining its economy. Senegal’s domestic gas reserves will be mainly used to produce electricity. Authorities expect that domestic gas infrastructure projects will come online between 2025 and 2026, provided there is no delay. The monetization of these significant energy resources is at the basis of the government’s new gas-to-power ambitions. In this context, the global technology group Wärtsilä conducted in-depth studies that analyse the economic impact of the various gas-to-power strategies availabl...
Interview, Senegal News

The United Arab Emirates, a new strategic player in Africa

Created in 2014, at the initiative of President Macky Sall, the Dakar International Forum on Peace and Security will be held on December 6 and 7 in the Senegalese capital, in the presence of around a hundred decision-makers from the continent, including several dozens of Heads of State - notably those of Niger, South Africa, Guinea-Bissau - and Governments as well as Ministers, and internationally renowned experts. With the significant challenges that await Africa in this period of exit from the pandemic, the Forum will allow decision-makers to deepen themes such as new security threats in Africa, the impact of demography and climate change on security, the relationship between security challenge and emergence, or even the evolution of the balance of power and alliance games at work on th...
Business, Events, Senegal News

6th SIM Senegal happening on 2-4 November 2021

The Opening Ceremony will feature a keynote speech from His Excellency, Honourable Mr. Macky SALL His Excellency, Honourable Mr. Macky SALL, President of the Republic of Senegal will make a keynote speech at the Opening Ceremony of the 6th Senegal International Mining Conference & Exhibition, in Dakar. The two-day conference will focus on the theme “Promotion and development of Local Content, a lever for the optimization of socio-economic benefits in the extractive sector”, including dedicated sessions of debate.  The first day of SIM Senegal 2021 will bring together expert speakers that will discuss the Sub-regional, regional, and international visions and strategies on the local content, and the business opportunities for local suppliers to access in the extractive sector.  The se...