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

Tanzania: Water shortage threatens endangered species in Africa. www.theexchange.africa
  • The effects of climate change and anthropogenic factors have adversely affected the availability of water for wildlife in Tanzania National Parks
  • Africa is the second driest continent globally, and millions of Africans face water shortages
  • Mkomazi National Park is one of the world’s largest and most ecologically essential networks of protected areas known as the Greater Tsavo Ecosystem.

Africa is the second driest continent globally, and millions of Africans face water shortages. But there is one point that we always miss! We talk about how important water is for humankind and the challenges we face with water security and forget that creatures in the wild are also feeling the same pressure, if not more. Clean water is critical for the survival of our species and every living creature on planet earth.

African Aqua Solutions (AAS) have for a long time been examining different ways to support our environment, our wildlife …

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DPO Group new partnerships to ease digital payments in Africa. www.theexchange.africa

The licensing follows a solid end to 2021, which saw DPO partner with a global leader in travel technology, Amadeus. Customers can now accept local payments, including via mobile money and card payments, allowing international airlines to operate locally and African airlines to expand globally. As a result of the partnership, DPO is connected to multiple regional and international airlines via Amadeus’s airline passenger system.

DPO Group plans to Further extend its growth in 2022, targeting new product innovation and territory launches.

The increased partnerships momentum follows the 2021 landmark acquisition by Network International, a globally renowned facilitator of e-commerce in the Middle East and Africa region.…

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Wind and fossil fuel power generators. Africa is primed for a shift to renewable energy which will provide access to energy to those who are cut off from the system. www.Wind and fossil fuel power generators. Africa is primed for a shift to renewable energy which will provide access to energy to those who are cut off from the system. [Photo/NYT]
  • Africa is facing a dilemma between mining fossil fuels and adopting cleaner sources of energy
  • Due to the Russia-Ukraine crisis, oil prices could jump even further than the US$129 a barrel
  • The IEA 10-point plan will open up job creation, skills transfer, technological development opportunities and new industries such as electric mobility

Africa is facing a dilemma between mining fossil fuels and adopting cleaner sources of energy. On one side, fossil fuels contribute immensely to the gross domestic products of most nations in the continent and stopping the mining of oil looks like “self-sabotage”. On the other hand, the world is experiencing harsh weather conditions due to climate change caused by the mining of these fossil fuels. There is a colossal force to mitigate and eventually halt these challenges.

How are African governments manoeuvering past this conundrum?

The decision appears like a mountain to climb, considering Africa is discovering new …

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Tewolde GebreMariam Globe News Net
  • Since he became the CEO in 2011 to his retirement in 2022, yearly turnover grew from US$1 billion to US$4.5 billion
  • Ethiopian Airlines’ fleet increased from 33 to 131 planes, and passengers grew from 3 million to 12 million passengers a year
  • Tewolde explained that his decision to resign came after advice from his doctors to concentrate on his health

Last week, Mr Ato Tewolde Gebremariam, The Chief Executive of Ethiopian Airlines, retired for undisclosed health reasons. The Airlines will remember the honourable man for the revolution he brought from the day he got the main man job. Since he became the CEO in 2011 to his retirement in 2022, yearly turnover grew from US$1 billion to US$4.5 billion. The fleet increased from 33 to 131 planes, and passengers grew from 3 million to 12 million passengers a year.

He started working for the Ethiopian in 1985 as a transportation …

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8th African Islamic Finance Summit. www.theexchange.africa
  • West Africa is the new emerging region for the Islamic finance industry
  • AlHuda CIBE has been in existence for 16 years and is the only consultancy firm that has worked in more than twenty-five African countries for Islamic Development Bank
  • There is solid evidence from major financial markets that Islamic finance has already been mainstreamed within the global financial system

West Africa is turning out to be yet another destination for Socio-Economic Development through the Islamic Financial System.

The 8th African Islamic Finance Summit (AIFS) kicked off in The Sir Dawda Kairaba Jawara International Conference Center, The Gambia, on March 23, 2022, with a two-day (24th  -25th  March 2022) post-event workshop. The primary purpose of this event was to explore and exploit the untapped African financial market for the Socio-Economic benefits of the region.

The summit was a platform for Africa’s think tanks to discuss innovative financial inclusion strategies for …

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African governments, Google addressing cyber insecurity in Africa. www.theexchange.africa

Google users in Africa are increasing exponentially. According to Statcounter, Google takes up 96.55 per cent of all the people using search engines in the continent.

To protect their users against cybercrime, Google has announced that it is buying the prominent cybersecurity firm, Mandiant in a deal that values the business at US$5.4 billion.

The deal is expected to complete late this year, and it comes at a time when the Russian-Ukrainian war has aroused a lot of concerns about the rising cyber threats. Google will acquire Mandiant at US$23 a share to represent a 57 per cent premium to the firm’s share price.…

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SMEs in Kenya account for 80 per cent of the jobs in the country. www.theexchange.africa

SMELink International is an SME networking platform that Links SMEs with opportunities both locally and globally. They have a database of resources for technical expertise, financiers, online training, market surveys, knowledge sharing and partnerships.

The TheSMELink conference will connect SMEs to opportunities within the Africa Continental Free Trade Area (AfCFTA) and global markets and hold discussions that will advocate for digitized trade and networking mechanisms that will excite youth inclusion Women in business.

Frida Owinga, the founder of SME Founders Association, explained that there was value in targeting SMEs with sustainable solutions to help their businesses scale, saying, “SMEs in Africa and across the globe form the largest contributors of employment and provide a source of income to the largest proportion of the population. SMEs also account for most businesses worldwide and are important contributors to job creation and overall global economic development.”…

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Dangote office raid investors in Nigeria

The global fertilizer market has been shaken, and the Governor of the Central Bank of Nigeria, Godwin Emefiele, said that the plant is timely and will help Nigeria solve a perennial fertilizer problem.

The new fertilizer plant will produce 3 million metric tonnes annually, with Buhari expecting a boom as fertilizer is now readily available in more significant quantities and better quality. The head of state encouraged Nigerians to take up agriculture as a business, saying that he expects the rise of a new breed of agropreneurs who will add value to farming and make the nation self-sufficient in food production.”

Dangote said that fertilizer from the plant would be exported to many countries, including the United States, Brazil, Mexico, and India.…

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Japan invests in Africa through the TICAD8 in Tunisia this year. www.theexchange.africa

Japan, through this meeting, targets to affirm the cooperation between Japan and African countries. The conference has been in place since 1993, co-hosted by United Nations(UN), United Nations Development Programme (UNDP), World Bank and African Union Commission (AUC).

TICAD8 will happen in the Republic of Tunisia, the second country in Africa to host the meeting after Kenya in 2016. During the TICAD6 meeting that was held at the Kenyatta International Convention Center in Nairobi, Kenya, Japan pledged to invest US$30 billion in Africa: US$10 billion in infrastructure growth, while an extra US$20 billion will be invested by Japan’s private sector.

In TICAD6, more than 6,000 people participated in the conference, including 22 presidents, two prime ministers, hosted by the Government of Kenya and co-organized by the Government of Japan, the United Nations Development Programme (UNDP), the World Bank, the African Union Commission (AUC) and the UN Office of the Special …

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Advanced industries driving the surfacing of Emerging Markets in Africa. www.theexchange.africa

Many, if not all, emerging markets have relaxed the regulations and restrictions related to FDI to encourage global investors to the continent.

The Business Insights on Emerging Markets 2021 also reported that the foreign direct investment in the emerging markets jumped from 15 per cent to 46 per cent over the last two decades.

The wave of technological advancements integrated with digitalization has captivated the globe and benefited the global economy in many unexpected ways. Developing countries in Africa need to embrace the fast pace technological revolution, which shall revamp the markets in the continent.

Emerging markets have been very active in creating the digital infrastructure for technological innovations accelerated by the onset of the Coronavirus pandemic.…

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