Author: Joseph Kangethe

I am a journalist who is an enthusiastic tech, business and investment news writer from across Africa. There is always something good happening in Africa but most gets lost in the stereotypes. I tell the stories that matter to the Africans for Africa. Have a tip? You can contact me at [email protected]

Songela Mafuta Bora in Tanzania is made from sunflower. www.theexchange.africa

The programme aims at empowering extension officers who would, in turn, train farmers through expert guidance. Chemba district targets to produce 100,000 tonnes of sunflower in the 2022 season to increase the production of edible oil in the country.

President Samia’s administration has plans to improve cotton farming, among other crops. The government has taken measures to improve sunflower production through an increased budget allocation for the Agricultural Seed Authority, up from Tsh.5.42 billion (US$2.3 million) in 2020-2021 to Tsh.10.8 billion (US$4.7 million) in 2021-2022.

In 2021, the government boosted the capacity of the Tanzania Agricultural Development Bank (TADB) by providing Tsh.208billon (US$90 million) to the bank to reach more farmers and finance them. It also empowered the National Food Reserve Agency (NFRA) to purchase 95,000 tonnes of maize from farmers.

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Serena williams and Nestcoin looking to increase crypto adoption in Africa. www.theexchange.africa

The companies that led the seed round were capital firms Distributed Global and Alter Global. Distributed Global invests mainly in blockchain companies, while Alter Global focuses on startups in emerging markets. Other firms that participated include Serena Ventures, Alameda Research, A&T Capital, MSA Capital and 4DX Ventures.

Serena Williams invested in Nestcoin to drive crypto adoption in Africa as the Nigerian startup is building products to help Africans understand and adopt crypto. Yele Bademosi and Taiwo Orilogbon co-founded Nestcoin.

According to Chainalysis, Africa’s cryptocurrency market grew by 1,200%, to US$105.6 billion, between July 2020 and June 2021. High inflation rates, weak currencies, increased unemployment rates and economic instability have supported the exponential growth of crypto in the continent.

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Total's Philippe Groueix and Energy Minister Ruth Nankabirwa sign MOU agreement for crude oil production in Uganda. www.theexchange.africa

TotalEnergies CEO Patrick Pouyanne said that the memorandum of understanding will see the French firm produce Liquefied Petroleum Gas (LPG) and also deploy large-scale renewable energy technologies to identify areas of commercial investment.

Uganda’s Minister of Energy and Mineral Development, Ruth Nankabirwa said in a speech ahead of the signing that the agreement would put the country on the path to first oil in 2025. She added that EACOP would create approximately 160,000 jobs during the project’s development.

The agreement dictates TotalEnergies will develop solar, wind, geothermal, and other renewable technology power projects in Uganda to add a combined installed electricity output capacity of 1 Gigawatt by 2030 to the current 1.2-Gigawatt production.

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KQ codesharing deal

The agency also asked people to stay away from the missing monkeys and immediately call 911 whenever they saw any of them.

Animal rights activists in the US heavily criticized the crash. People for the Ethical Treatment of Animals (PETA) and an animal rights group contacted Kenya Airways chief executive, Allan Kilavuka, and the chairman, Michael Joseph, showing dissatisfaction over the treatment of monkeys.

PETA prompted KQ to reconsider subjecting the monkeys to long flights and immediately taking them to laboratories for experiments because that could cause them torture and even lead to their death.

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Insects could feed all the population in the World. www.theexchange.africa

World Bank reports that insect farming could provide over 14 per cent of the crude protein needed to rear all the pigs, fish, poultry and goats in Africa Dorte Verner, a Lead Economist at World Bank, says that it is possible to feed all people in the world with nutrient-rich insects and decrease the environmental impact of food and agriculture The population of Africa could hit 2.53 billion people by 2050, and the demand for food and protein would increase significantly, which the current linear food system might not satisfy Most people see insects as ugly, dirty and irritating creatures…

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Solar Power Africa event is set for 16 to 18 February 2022. www.theexchange.africa

The South African solar photovoltaic (PV) market is increasing exponentially.

Solar Power Market outlook expects the solar market to register a CAGR of over 10 per cent from 2021 – 2026, reaching an installed capacity of more than 3.6 GW by 2026, up from 1.48 GW in 2019.

Solar power production in South Africa comes when the country is aligning to reduce carbon emissions through a transition from coal to other clean energy sources. This step is not an easy fit.

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Technical and vocational colleges in East Africa supported by the World Bank-funded EASTRIP Project have recorded fourfold increase in student enrolment. www.theexchange.africa

Total students enrolled in the sixteen Regional Flagship TVET Institutes (RFTIs) increased from 6,971 students at baseline to 30,776 students at mid-term The project has surpassed its initial target to enrol 20,000 students annually in long-term and short-term training programs. According to the World Bank Enterprise Survey of 2015, over 25 per cent of firms surveyed in sub-Saharan Africa reported an inadequately educated workforce as a significant hindrance. Education in Africa Student enrolment in Technical and Vocational Education and Training (TVET) colleges in East Africa has quadrupled from the baseline data. In February, the Inter-University Council of East Africa (IUCEA)…

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Binance says the 281 accounts banned in Nigeria will be resolved in two weeks. www.theexchange.africa

Recently, many Nigerians trading on the Binance platform complained about initiating or completing transactions.

Some of the affected persons have taken to social media calling out crypto for “targeting Africans, especially Nigerians”, as their accounts have been suspended for reasons oblivious to them.

Some users say that they have been told to contact the Federal Bureau of Investigation (FBI) and New York Police Department to resolve transactions issues, a situation they claim to be absurd.

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Africa Price for Engineering Innovation entrepreneurs. www.theexchange.africa

The programme will facilitate access to the Royal Academy’s global network of experienced, high-profile and business experts, in addition to access to the alumni network upon completion of the programme.

Moreover, 2022 is the programme’s second consecutive year to render a digital experience, with rigorous support provided through person-to-person and group discussions.

Four finalists will pitch their revised and improved innovations and business plans to the judges in the presence of a live audience.

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African governments prioritizing themselves over their people. www.theexchange.africa

The recent leaked Pandora papers have shown how African leaders have directed their investments towards other countries and kept the investments a secret to avoid taxation and hide their wealth.

Leaders exposed by the papers include Presidents Denis Sassou-Nguesso of DRC, Uhuru Kenyatta of Kenya, and Patrick Achi of Cote d’Ivoire, among 46 other politicians.

The papers showed that Sassou owned a company that controlled diamond mines. Seven members of the Kenyatta family were linked to at least seven offshore companies and foundations. Through Union Banque Privée (UBP), the Kenyatta’s set up three foundations to avoid inheritance tax and hide their extensive wealth.

The foundations were suspended after failing to pay annual taxes, law firm Algocal says.

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