Monday, November 25African Digital Business Magazine

Tag: africa

Energy, Green Energy, Kenya News, Startups, Tanzania News

Solar Cow- a Samaritan for the Children in Need

The relief of indigence is the primary goal in bringing about a positive change in the lifestyles of children in Africa. To this day, 1 in every 5 children in Africa is devoid of the right to education owing to child labor. Since electricity is a dire need of people even in the utmost rural areas, many low-income families rely on kerosene lighting and exorbitantly expensive charging stations (taking up to 15% of their monthly income) to meet their energy needs, forcing children to toil hard to contribute to their income. That’s why YOLK invented ‘The Solar Cow’ – one of Time Magazine’s 100 Best Inventions of 2019. It’s a solar charging system installed in schools in the backward regions of Africa, allowing children to charge portable batteries called ‘Solar Milk’ while they attend class an...
Main

New report outlines shifting patterns of infrastructure funding in Africa

Baker McKenzie’s latest report - New Dynamics: Shifting Patterns in Africa’s Infrastructure Funding - shows the state of the African infrastructure market, and how the major global players’ approach infrastructure lending on the continent is changing. While the IJ Global data shows a decline in the value of infrastructure lending, it is expected that as economies recover, new types of financing will be unlocked. The data The report’s data shows that multilateral and bilateral lending into Africa has declined - with investment levels falling successively in 2019 and 2020 compared to peak levels seen after the financial crisis. In 2019, bilateral and multilateral lending into Africa amounted to USD 55 billion, which drops to USD 31 billion in 2020. Over the last six years, the decline is sig...
African News

African Development Bank, IFAD and partners redouble efforts to stop hunger in Africa and strengthen food security

Download logoThe African Development Bank (www.AfDB.org) and the International Fund for Agricultural Development (IFAD), in partnership with the Forum for Agricultural Research in Africa (FARA) and the CGIAR System Organization, today pledged to work closely with African leaders to address rising hunger on the continent and shore up adequate financing to transform and modernize Africa’s food production. The impact of climate change, rising fragility and conflict, and locust invasions in East and Southern Africa is taking a toll on the continent. A two-day high-level dialogue will focus on modernizing food production, making African agriculture more business oriented, and strengthening agriculture value chains. Finding solutions will require strong backing from governments, develo...
African News

Banker-turned-poultry farmer becomes champion for African agriculture

Download logo“If we must satisfy Africa’s food security with our growing population, then there must be high commercialization of agriculture. That is modern farming.” – Ayotomiwa Yinka Ogunsua, poultry farmer When Ayotomiwa Yinka Ogunsua got a job as a loan officer at a microfinance bank in Ibadan, Nigeria, after graduating from university, he thought he’d done well for himself. Then, he spotted an online advertisement for a youth agricultural training program and signed up, owing to his interest in farming as a hobby. Selected to interview for a place in the poultry rearing course, Ogunsua promptly quit his bank job and, he says, prayed he would get in. “I knew I wanted to follow my passion for agriculture full-time,” the 29-year-old Nigerian sa...
African News

Generation Africa is back with the third annual US$100,000 GoGettaz Agripreneur Prize Competition looking for young, agrifood change makers with business models that can revolutionize food systems across the African continent

Returning for its third year, the ground-breaking US$100,000 GoGettaz Agripreneur Prize Competition (http://GoGettaz.africa) continues to inspire agrifood entrepreneurs from Cape Town to Cairo to use their energy, courage and creativity to solve the biggest problems facing Africa’s food systems. Launching on 19 April 2021, this year’s competition aims to expand the GoGettaz community of agripreneurs, providing them with access to education, mentorship and investment networks as they launch, grow, or scale their agrifood ventures. The GoGettaz Agripreneur Prize Competition is open to African citizens between 18 and 35 years old who are founders or co-founders of social or commercial agrifood businesses headquartered in Africa. After a challenging selection process ending in a g...
African News

International Conference on the West African Food Security Storage System: ECOWAS to build a multilateral partnership around its experience

Download logoThe ECOWAS Commission is set to organize, from 28th April to 10th May 2021, by videoconference, an international conference to share with its partners and the other regions of the world, the experience of its regional food security storage system. The official opening ceremony, which is scheduled to take place on Wednesday 28th April 2021 at 12:00 GMT, will be broadcast live on the Facebook page of the ECOWAS Regional Agency for Agriculture and Food (RAAF) and those of the ECOWAS Commission and its Directorate for Agriculture and Rural Development. The overall objective is to lay the foundations for a renewed multilateral partnership to strengthen, in a sustainable manner, the resilience of the West African Food Security Storage System and its capacity to respo...
Energy, Green Energy, Tanzania News, Uganda News

Greenpeace and Western Anti Africa Energy Groups Take the Wrong Approach to East Africa Crude Oil Pipeline (EACOP) in Uganda and Tanzania

By NJ Ayuk, Executive President of the African Energy Chamber. If someone were to put me on the spot and ask me to name an environmentalist group, I’d probably blurt out the first thing that comes to mind, Greenpeace. There are obvious reasons for this: Greenpeace has been around for more than 50 years, and it has done a masterful job of bringing environmental concerns to the world’s attention and keeping them there. The group has a strong track record when it comes to advocacy and awareness, and it has a global reach. It’s truly one of the most visible non-governmental organizations (NGOs) in the world. And that’s why I see it as significant that Greenpeace’s African division has come out swinging for a major new oil pipeline slated for construction in Uganda and Tanzania. Let me explai...
Botswana News, Egypt News, Main, Mauritius News, Morocco News, South Africa News

Competition law in post-pandemic Africa a key driver for market participation, consumer protection and fair practices

 With the growth of economies across Africa, competition law has remained one of the key drivers for effective market participation, consumer protection and fair business practices. However, the global pandemic introduced new challenges for competition authorities in Africa and abroad, with each enforcer pursuing the most beneficial enforcement method for its national or regional jurisdiction. According to Lerisha Naidu, Partner in Baker McKenzie’s Competition & Antitrust Practice in Johannesburg, “These efforts were aimed at curbing the persistence of unjustified price hikes, anticompetitive cooperation between competitors and other harmful business practices that sought to undermine competition. In addition to the urgent responses to the unprecedented impacts of the global COVID-19 c...
Events, Tech

Demand surges for 4IR tech as 4,600 register for Africa’s largest AI trade event

AI Expo Africa — the continent’s largest annual gathering of buyers and suppliers of Artificial Intelligence (AI), Robotic Process Automation (RPA) and Fourth Industrial Revolution (4IR) smart technologies — is set to have its biggest edition this year as 4 600 delegates and several international and local sponsors have already registered to attend the trade show and conference which takes place between 7 to 9 September. AI Expo Africa 2021 ONLINE will mark the fourth edition of the annual trade event. Dr Nick Bradshaw, AI Media Group CEO and AI Expo Africa founder, pointed out that this year’s event will — like last year’s edition — also be held online to circumvent COVID-19 event restrictions. “Based on the early interest in AI Expo Africa 2021 ONLINE, we know our community likes the eve...
African News

ITFC and the Republic of Cameroon Sign a US$750 Million Three-year Framework Agreement to Support Cameroon’s Key Sectors through Integrated Trade Solutions

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank Group (IsDB) and the Republic of Cameroon have signed on April 12, 2021 two agreements in a virtual signing ceremony between H.E. Alamine Ousmane Mey, Minister of Economy, Planning and Regional Development (IsDB Governor) and Eng. Hani Salem Sonbol, CEO, ITFC. The first signing is a three-year framework agreement amounting to US$ 750 Million under which ITFC will provide to Cameroon a financing envelop of US $ 250 Million annually over a period of three years to facilitate the imports of key commodities in the strategic sectors of energy, mining, in addition to the health sector with medical supplies including healthcare equipment. It will also sustain its already strong...