Author: Joseph Kangethe

According to the Future Market Insights report, around 9.2 billion tonnes of plastic have been manufactured globally, out of which only 9 per cent is recycled!

The technology helps to protect manufacturers and consumers against food and drug counterfeits. 

 With the plastic waste menace causing unprecedented damage globally, there has been an ongoing movement to discover and use alternative packaging materials, such as paper, glass, and metals.

The dilemma facing the world right now is that even the processes of creating plastic-free solutions often release more significant carbon emissions than conventional plastics.

The head of the Export Council for Engineering Industries, Sherif El Sayyad said that the highest hike in the sector’s history led the engineering industry’s exports to reach US$3 billion, compared to US$2.1 billion in the corresponding period in 2020.

The exports were distributed globally, with Europe accounting for 48 per cent (US$1.4 billion), Asia US$951 million, Africa $535 million, while South America and North America together contributed to a total of $77 million in exports.

Egypt’s engineering products have increased their exports to countries like the United Kingdom, Slovakia, France, Germany, Spain, the Czech Republic, Saudi Arabia, UAE, Iraq, Jordan, Kuwait and Lebanon. In Africa, Egypt’s engineering products importers include Morocco, Algeria, Libya, and Ghana. 

With the recent addition of the DRC to the East African region, landlocked countries have found an alternative port of entry in the Atlantic Ocean. The swiftness of trade with two ports of entry and the region’s strategic location will be incomparable to any other region on the continent.

The East African Federation would be the fourth largest country in both population and landmass, trailing after China, India and the United States. President Uhuru Kenyatta says that the federation would have over 300 million people.

The gross domestic product for the region will sum up to US$250 billion, the fourth-largest in Africa and the 34th biggest globally. Since the beginning of the last decade, East Africa has had the fastest growing economy globally. In 2019, the region’s economy grew by about 5 per cent. If the federation continues with this growth rate, the new country would quickly become the biggest superpower in Africa.

The EAF would become Africa’s largest superpower precisely because of the weaker nations surrounding the region. Among the languages official languages suggested in the region will be English and Swahili.

It is not easy to create a common currency since it needs the creation of a central monetary system for several nations The AU and ECOWAS should reconsider their approach—a common physical currency—and move their attention to building a common digital currency, as the EU is doing With the establishment of the Pan-African Payment and Settlement System (PAPSS), which allows for the simple conversion of numerous African currencies, some progress—or maybe too little—has been achieved When turned into digital money, Africa’s weak currencies have little chance against stablecoins backed by the US dollar It is not easy to create a…

Degan Ali, has been advocating for a movement dubbed “decolonizing aid”, which seeks to decenter the voices of Western decision-makers and shift more power to nonwhite and local leaders in the global south. Ali said they were going to try and turn the US$5 million Scott grant and other funds they get in the next few years and grow Adeso into a US$30 million to US$50 million endowment in the next ten years Adeso is also planning to launch a new online platform, a website called Kuja Link, that will allow organizations worldwide to create connections with philanthropists For the…

Afriex processes over US$5 million in monthly transfers. In comparison, Wise company transfers a monthly average of US$5.2 billion. However, Afriex has grown its customer base by 500 per cent in the last half a year, with half of its active users using the platform more than once a week.

Afriex makes money by arbitraging the currency and crypto exchange rates when a customer transacts. The startup raised a US$1.3 million seed round in May 2021 and has just closed a US$10 million Series A round at a $60 million valuation.

The financing was co-led by Sequoia Capital China and Dragonfly Capital, with participation from Stellar Foundation, Goldentree and Exceptional Capital, among others.

The Mining Indaba Professional conference 2022 is set to take place from May 9th to May 12th in Cape Town, South Africa The Indaba Conference will take at the Cape Town International Convention Centre, where African countries will lure investment into the mining sector that has remained resilient during the pandemic US Department of State will travel to the Indaba Conference 2022 with a delegation to reset and mend relationships between African countries and the United States The 2022 Mining Indaba Professional Conference The Mining Indaba Professional conference 2022 is set to take place from May 9th to May 12th…

The legal tender title of bitcoin in the country implies the acceptance of cryptocurrencies as a legal means of payment in any transaction through specific rules and regulations. This means that no vendor, trader or organisation can deny service payment through bitcoin as illegal.

This move comes after several countries in the continent have restricted trading in bitcoin, and most of them are lukewarm about the market.

The legalisation of bitcoin in the first African country will transform the country’s infrastructure and facilitate the blockchain technology and web3 applications to thrive. With legalising cryptocurrencies, the Central African Republic is moving towards a new path of technological development and economic performance. This dynamic field is popular among investors worldwide and ever-present as full-fledged assets in the portfolios of the world’s largest financial players such as Microsoft, Meta and Amazon.

Over the years, Morocco has been riding on its strategic position on Europe’s edge to build its success on low-cost production of low-cost goods, including textiles and food, through trade pacts with the European Union Automotive was among the first industries to establish itself in Morocco and has become one of its success stories.  Morocco’s aerospace exports, according to official estimates, increased by 21.9 per cent last year to $1.6 billion after plunging by over 30% in 2020 as a result of the global aircraft industry crisis prompted by the Covid-19 epidemic. Over the years, Morocco has been riding on…

Cryptocurrency mining appears to be going in a different direction from the larger part of the world to fight carbon emissions The United States- where 35.4 per cent of bitcoin mining takes place-releases over 40 billion tonnes of carbon emissions annually, the equivalent of 9 million cars The University of Cambridge states that bitcoin generates about 132.48 terawatt-hours every year However, the cryptocurrency industry is looking to reduce 100 per cent of its carbon emissions by the end of this decade There has been a debate about bitcoin mining facilities moving to Africa. The continent has the biggest potential to…