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 j.kangethe@theexchange.africa

Macron's re-election offers another chance to fix France's partnership with Africa. www.theexchange.africa

Along with his diplomatic efforts, the future French President loved the country’s rich culture and has previously danced in public to the music of Fela Kuti, Nigeria’s legendary performer.

Even before his famous Ouagadougou speech, Macron established the Presidential Council for Africa, which comprised African and French representatives from fields such as entrepreneurship, health, sustainable development, sport, and culture to advise him on general issues confronting the continent.

Emmanuel Macron did not hesitate when he was first elected President of France to recognize that France has genuine interests in Africa, which he wanted to pursue through a partner-based strategy based on transparency and reciprocity.…

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Angola: Huge Investment Opportunities in fossil fuels despite production decline in Africa. www.theexchange.africa
  • During the last three decades, Angola has established itself as a top-tier destination for big oil and gas companies.
  • Natural gas is an essential intermediary in the energy transition, generating fewer emissions than petroleum and coal products.
  • Angola’s regulator, the ANPG, aims to attract investment from sources other than the country’s traditional oil and gas producers.

While foreign oil firms steadily abandon African hydrocarbon resources and transfer capital spending to alternate energy sources, Africa is experiencing output reductions across significant assets. The fall in oil and gas output is primarily because Integrated Oil Companies (IOCs) are affected by lobbies urging them to withdraw from fossil fuels and invest in renewables.

Understanding the Decline in fossil fuel funding

Since loans are becoming more costly, it is becoming more difficult to borrow funds for investment in exploration, development, and production (E&P). Some financial firms are beginning to limit capital accessible for these

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Mozambique orders all food products to be labelled in Portuguese. www.theexchange.africa
  • The government of Mozambique has ordered retailers of food products to label in Portuguese all their products sold in the country before the end of July 2022
  • Portuguese is the official language of six African countries, including Mozambique, Angola, Cape Verde, Guinea Bissau, São Tomé and Príncipe and Guinea Bissau
  • Rita Freis said that this is the last year that the government will grant a tolerance for traders to label food products in Portuguese

The government of Mozambique has ordered retailers of food products to label in Portuguese all their products sold in the country before the end of July 2022.

Rita Freitas, the national inspector at the National Inspection of Economic Activities (INAE), announced this during a training seminar on the legal system of package labelling of food products.

Portuguese is the official language of six African countries, including Mozambique, Angola, Cape Verde, Guinea Bissau, São Tomé and Príncipe …

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Six African nations launch the Africa Green Hydrogen Alliance. www.theexchange.africa
  • The Africa Green Hydrogen Alliance targets accelerating the transition from fossil fuels overreliance that has made the continent reluctant, as fossil fuels drive most economies in the continent
  • Green hydrogen could provide Africans with new access to cleaner energy sources, employment opportunities, public health benefits due to cleaner air, GDP creation and export revenues outside Africa
  • Six African nations have formally launched the Africa Green Hydrogen Alliance. The countries include South Africa, Kenya, Egypt, Morocco, Namibia and Mauritania

Six African nations have formally launched the Africa Green Hydrogen Alliance. The Alliance aims to make Africa a pioneer in adopting cleaner energy sources by producing green hydrogen.

The countries include South Africa, Kenya, Egypt, Morocco, Namibia and Mauritania.

The countries formally launched the Alliance at the first-ever Green Hydrogen Global Assembly in Barcelona, Spain, with the support of the UN Climate Change High-Level Champions, the Green Hydrogen Organisation (GH2), …

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Kenya and Tanzania economic gains from friendly diplomatic relations. www.theexchange.africa
  •  The current president of Tanzania is actively pursuing a foreign policy distinct from the one pursued by the late Magufuli, who served as president before her.
  • Kenya and Tanzania agreed to boost their bilateral ties during the visit of President Samia, marking the conclusion of a challenging chapter marked by trade barriers and border tension.
  • One year after President Samia Suluhu took office, a “softening” of Tanzania’s borders with Kenya, a reduction in non-tariff hurdles, and resolution to bilateral issues have resulted in higher commercial growth in both countries.

Previously strained relations between Kenya and Tanzania

Owing to their strained relationship, Kenya and Tanzania have not realized their goals of establishing a free trade zone for many years. The problems originated from several sources, including the closing of borders, the restriction of collaboration and the free movement of goods and services, the introduction of additional taxes, and the

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The highs and lows in Cameroon's telecommunication network. www.theexchange.africa

According to the most current known statistics, Cameroon had 9.15 million internet users in January 2021, representing an increase from 7.8 million users in the same month the year prior.

Although the fixed-line broadband industry appears to have stagnated, with only extremely sluggish growth in subscriber numbers, the national penetration rate has increased from 2 per cent in 2011 to 34 per cent in 2021. On the other hand, the number of mobile phone consumers in the country increased from 10 million in 2011 to 24 million in 2020, which encouraged growth in internet usage.

Camtel, despite its established position, was left behind by the growth in the telecom industry and is currently seeking to make amends for this lapse. It got 2G, 3G, and 4G licenses in 2020, and in April of that year, it inked a roaming contract with a rival called MTN, which allows it to utilize …

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Africans transforming the beauty and cosmetics market. www.theexchange.africa

In terms of hair care, things grow more difficult because African hair differs from Caucasian or Asian hair and from nation to country. It is common knowledge that the most challenging difficulty for many African women is brushing their hair, which may be unpleasant at times.

Given these distinctions, it is easy to understand why African customers, particularly women, place a premium on Africa-specific items. Product customization is critical to winning the African war, as long as the items stay inexpensive.

Africa now contains 54 nations, with the accession of South Sudan in 2011. In 2015, the urban population consisted of approximately 450 million people, accounting for 40 per cent of the overall African population. The statistics show that Africa has become more urban than India. More Africans are expected to live in cities for the first time in the continent’s history by 2030.…

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Rihanna's Fenty Beauty to touch base in 8 African Markets. www.theexchange.africa

Rihanna, the global pop singer, turned billionaire entrepreneur, has announced that her Fenty range of beauty and skincare items will now be available in Africa. As a result, the African debut of the Fenty premium cosmetics line will enhance the constantly demanding beauty and cosmetics business while also putting pressure on other luxury brands vying for a slice of the fast-growing multi-billion dollar beauty market pie.

According to the Barbados-born ” Diamonds ” singer, whose birth name is Robyn Fenty, the African debut of Fenty Beauty and Fenty Skin cosmetics products, funded by French luxury goods giant LVMH, will begin in eight African markets by the end of May 2022.

“I’ve been looking forward to this moment. “Fenty Beauty and Fenty Skin are finally available in Africa,” she said on her verified Twitter account. “On May 27, we will attack Botswana, Ghana, Kenya, Namibia, Nigeria, South Africa, Zambia, and Zimbabwe,” …

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Nigerian art firm, Looty, converts stolen African art into NFT sales. www.theexchange.africa
  • Chidi hopes that activism will eventually see European museums return all stolen artwork to Africa. However, he dreams of building a metaverse that comprises all the pieces Looty reclaims
  • The Looty project started operation in November 2021 but will officially launch its website on May 13. The upcoming website will only support the purchase of NFT art via cryptocurrency
  • Aside from Chidi, the project also involves two other Nigerians and a Somali, with each team member specializing in 3D design, NFT technology, or editing
  • The project has already created 25 NFTs, among them the famous “Benin Bronzes” in Nigeria that were looted 125 years ago

During the pre-colonial error in Africa, a wide range of valuable artefacts were taken away to the western countries. About 60 years later, Africans feel the need to get the artworks back to preserve their history. However, one Nigerian art firm called Looty has come

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Jet fuel shortage threatens to halt the aviation industry in Nigeria. www.theexchange.africa
  • According to the Airline Operators of Nigeria (AON), oil marketers have raised the price of jet fuel from 190 to 700 Nigerian Naira per litre in May since January of this year
  • Nigerian airlines use 1.6 million gallons of fuel per day, whereas foreign carriers and private jet operators demand around 800,000 litres per day
  • Stakeholders in the industry think that prompt intervention is required and everything should be done to prevent a potentially permanent disaster

Nigerian airlines have struggled to get aviation fuel, known as Jet A1, at the proper price and quantity required for the past four months. The growing cost and shortage of aviation fuel have threatened to halt the aviation sector in West Africa’s largest economy.

Lagos should be the West and Central African aviation hub due to its location and passenger flow. However, Nigeria is losing this to Accra, Ghana, because of high aircraft fuel

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