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]

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…

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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…

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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…

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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 MTN’s infrastructure in parts of the country where it does not currently operate.

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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,” she continued.

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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…

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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.…

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Zimbabwe: Mnangagwa's freeze on bank lending to save currency value. www.theexchange.africa

Before Mnangagwa’s statement, the Zimbabwean currency was officially valued at 165.94 to the US dollar, but it was trading on the black market at a rate ranging from 330 to 400 to the dollar Investigations found that many enterprises are simply borrowing significant sums of Zimbabwe dollars, which they then channel into the parallel market to acquire US dollars The president proposed issuing an order to compensate account holders who lost the value of their assets when the country de-dollarized in 2019 Zimbabwe ditched its depreciated currency in 2009, preferring to utilize foreign currencies, notably the US dollar. Mnangagwa’s administration…

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Is bitcoin the missing piece to the success of AfCFTA? www.theexchange.africa

African countries’ attempts to form a common regional currency have proven futile precisely because of all the frameworks of laws that need to be revised and harmonized in the different countries. For example, the eco in West Africa and the shilling in East Africa.

Ghana and Nigeria have even gone ahead to create their central bank digital currencies, indicating their lack of belief in the workability of the eco.

What does this mean? In the next 100 years or more, Africa cannot create a common currency acceptable throughout the continent.

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