Wednesday, November 20African Digital Business Magazine

Tag: Senegal

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...
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...
Energy, Green Energy, Senegal News

A Just Energy Transition as advocated by President Macky Sall, will benefit Senegal’s economy, and create jobs for its young people

African oil- and gas-producing countries have been facing increasing pressure this year to abandon oil and gas activities and begin relying instead on green energy sources like wind, solar, and hydrogen to help prevent climate change. Many of these African countries are pushing back, however, and rejecting the notion that their energy transitions should follow the same pattern as Western ones. In Senegal, where the development of oil and gas fields has put the country on the precipice of tremendous economic growth, Minister of Petroleum and Energy Aissatou Sophie Gladima has pushed and worked for a tempered and balanced approach to protecting the environment, one that considers the pressing needs of Senegalese people and businesses and the African Energy Chamber believes it is a step in t...
Senegal News, Startups

Inaugural Telecel ASIP Accelerator Demo Day powered by Startupbootcamp AfriTech to be held in Dakar

All roads lead to Dakar, Senegal this month for the first cohort of the Telecel Group Africa Startup Initiative Program (ASIP) Accelerator Demo Day. After a grueling three months of pivots and business development facilitated by leading tech accelerator, Startupbootcamp Afritech, the Top 11 startups will showcase their work to a live audience on 30 September 2021. Taking place at the Dhub – a space commissioned by the General Delegation for the Rapid Entrepreneurship of Women and Youth (DER/FJ) and established by the President of the Republic of Senegal, His Excellency Mr. Macky Sall – the live demo day will see participating startups demonstrate their pivotal journeys on a global stage and pitch products to interested stakeholders in breakout rooms afterward. The live demo day will als...
Energy, Mozambique News, Senegal News, Tanzania News, Uganda News

African Energy Developments Demand Sustained Investment with new projects in Mozambique, Tanzania, Uganda, and Senegal

A recent uptick in direct investment activities in Africa’s energy sector sheds light on the role of sustained investor interest in catalyzing socio-economic growth. In the past twelve months, the African energy sector has seen several encouraging developments – in the form of both Foreign Direct Investment (FDI) and strategic partnerships – that have advanced the sustainable development of its natural resources. In fact, despite a global downturn in investment in 2020, FDI flows to developing economies accounted for 72% of global FDI, the highest share to date. Given the magnitude of Africa’s oil and gas reserves – not to mention its abundant renewable resource wealth – the continent remains a highly attractive market for inbound investment, which is vital for its growth. Take Ugan...
Ethiopia News, Main, Mauritius News, Senegal News, South Africa News, Tunisia News, Zimbabwe News

Funding Africa’s Infrastructure Gap

Key to enabling African economies to make the most of their opportunities is developing infrastructure in the region. Across the continent, new laws are being implemented and alternative sources of infrastructure funding are being sought in order to kick-start direly needed infrastructure projects. At the centre of it all is China, which is providing alternative sources financing to countries in Africa that have not been able to access funding in more traditional ways. The benefits are numerous, but African countries are also concerned about their growing dependence on China. Research released in 2018 from Baker McKenzie and IJGlobal (research) with data drawn exclusively from fully financed projects and excluding recent announcements of government funding commitments, shows that the value...
African News, Senegal News

IBM Helps Senegalese City of Thies Plan for Economic Growth

THIES, Senegal, Nov., 2012 /PRNewswire/ -- A team of experts from IBM (NYSE: IBM) presented recommendations to the City of Thies to grow the economic sector through measures to bolster entrepreneurialism, agricultural exports, and education. (Logo: http://photos.prnewswire.com/prnh/20090416/IBMLOGO ) The 14-member IBM team of experts, with members hailing from ten countries, are completing a month-long engagement as part of IBM's pro bono Corporate Service Corps program, which provides problem-solving assistance to educational institutions, small businesses, non governmental organizations (NGOs), and governmental agencies in emerging markets.  Since the launch of the Corporate Service Corps in 2008, over 2,000 IBM employees based in 50 countries have been dispatched on mor...
African News, Senegal News

Africare to outline essential role of civil society, small-scale farming and best practices at this year’s AgriBusiness Forum

Agri2012 - AfriCare (Microsoft Word) Leading American NGO spotlights small-scale farming for a result-driven future for Africa’s Agri-Food sector. “Across Africa it is the small entrepreneurs and businesses that drive community livelihoods and national economic development. Yet without adequate financing or access to buyers, producers associations are not able to sell their products to increase their incomes and bolster their livelihoods. Furthermore without knowledge of the markets, they are unable to secure the inputs and technology needed to increase production,” explains Gwen Young Senegal Country Director for Africare who will be presenting Africare’s vision at this year’s AgriBusiness Forum taking place in Dakar, Senegal from 25-28 November 2012.   Focused on establishing s...
African News

Former President of the African Development Bank Babacar Ndiaye to lead Investment Day at this year’s AgriBusiness Forum.

African expert calls on everyone involved in agriculture to step up to the fore for the sake of the entire continent’s development and in the fight against poverty. 12th November 2012, Brussels, Belgium With the AgriBusiness Forum 2012 just around the corner, Babacar Ndiaye, former President of the African Development Bank and founder of the African Business Roundtable (ABR), outlines his demands towards the African and international community to act and establish basic and fundamental financial policies to create real change, after years of debates and establishing potential visions and objectives. “Africa’s agricultural potential cannot induce people into a self-righteous optimism, but should instead incite a responsible and pro-active approach from the sector’s various players because ...
African News, Senegal News

The Government of Senegal to officially host this year’s AgriBusiness Forum

  The Government of Senegal and EMRC International partner to spotlight Africa’s agricultural and Agri-Food sector potential. Organised under the patronage of the President of the Republic of Senegal and the Prime Minister and hosted by Senegal’s Ministry of Agriculture and Rural Equipment, this year’s AgriBusiness Forum will highlight the importance of Africa’s agricultural potential under the theme “Boosting African Agriculture through Partnership, Investment and Technology,” bringing together over 400 people from across the world linked to the global Agri-Food industry.   The Forum will take place from 25-28 November 2012 in Dakar, Senegal announced the Ministry of Agriculture and Rural Equipment and Idit Miller, EMRC International Vice President, at a joint press confer...