Tuesday, August 18

Africa

SUMMIT3

Even though the EU delegates admitted that; “We recognised, everybody, does, that there is an unbearable vaccination gap that has to be closed … between Africa and Europe,” the diplomats still said no vaccine patent waiver for Africa.

Also, despite scientists warning of the possibility of new Covid variants developing in Africa and the fact that just 5 per cent of Africa has been inoculated, the EU still said no to easing vaccine access to Africa.

The African Union (AU) had expected some sought of EU backing for targeted and time-limited Trips Waiver on vaccines. Trips stand for: Trade-Related Aspects of Intellectual-Property Rights and a waiver would have made it affordable for Africa to produce the vaccines in Africa.

GBN Pyypl 10022022

Pyypl uses advanced Artificial Intelligence (AI) and Machine Learning (ML) for regulatory compliance, Anti Money Laundering (AML), and Counter-Terrorism Financing (CTF).

The platform also conducts real-time Politically Exposed Persons (PEP) and sanctions (both country and individual) screening against the latest and historical UNSC, USDT, FATF, OFAC, and EUCFSF records, as well as all local databases.

Fintech startups in Africa have continued to gain a lot of attention from investors who have been pouring billions of dollars to support the industry. 

Strong demand for its commodities was the result of supply chain disruptions being experienced the world over. Nagle who succeeded long time chief executive Ivan Glasenberg stated that coal was the star of the show for the company. The high demand for coal was the result of little to no activity being done by mining companies worldwide in terms of building coal mines.

These days coal is not only a dirty commodity but “coal mining” is a dirty word so to speak. It borders on profane in a world that is now strongly driven by ESG to even mention the development of a coal mine. That being the case many players in the coal mining space are finding it increasingly difficult to secure funding for coal mine development projects. 

This has played well into the hands of Glencore which has happily supplied the so-called dirty commodity to eager customers. Shareholders should be glad that the company has done this. In the event they are not happy that the company is selling this polluting fossil fuel they are well-advised to remember the US$ 4 billion payouts.

In practical reality, it aims at creating a continental market for goods and services, with free movement of businesspeople and investments in Africa.

Several reports indicate that the summit strives to bring Africa and Europe closer together through strengthening economic cooperation and promoting sustainable development, with both continents co-existing in peace, security, democracy, prosperity, solidarity and human dignity.

It is against this backdrop that the two partners are determined to work together on a strategic, long-term footing to develop a shared vision for EU-Africa relations in a globalized world.

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