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

Road traffic accidents constitute a significant health and development problem in Kenya. www.theexchange.africa

Currently, Kenya has one of the world’s highest rates of road-related deaths, with 26.6 deaths per 100,000 people, which is likely only to increase as it is believed that by 2030, road traffic accidents will account for more deaths than AIDS in low- and middle-income countries.

Motorcycles have also been linked to crimes. Lax regulations have seen contract killers, drug peddlers, robbers, rapists, con artists, and petty thieves establish a home in the sector.

The Government of Kenya has suspended the violent police operation against all boda boda riders after the horrible Forest Road attack on the lady driver who was involved in an accident with a boda boda.

President Uhuru Kenyatta directed a security crackdown across the country to wipe out rogue motorcycle operators from the boda boda sector following the recent assault of a motorist along Wangari Maathai Road, Nairobi.…

Read More
GALVmed and Elanco Animal Health's new initiative to combat the epidemiology of ticks in Africa. www.theexchange.africa

In Uganda alone, the annual loss caused by tick-related animal complications amounts to US$1.1 billion, with the East Coast Fever being the most prevalent and economically bruising tick-borne disease (TBD).

The Global Alliance for Livestock Veterinary Medicines (GALVmed) has partnered with Elanco Animal Health, a global leader in animal health, to launch a new initiative to manage ticks and tick-borne diseases in Africa.

The Bill and Melinda Gates Foundation supports the initiative.…

Read More
Africa Private Capital Deals

The application for this programme went live on March 8 and will be processed on a rolling basis until the deadline on May 1, 2022, at 11:59 GMT.

The rigorous and immersive Investor accelerator programme will launch in June 2022, running for 20 weeks until late October.

Participants in this programme will be taught actively, with multiple live sessions every week, occurring on evenings and weekends to engage them. Investor accelerator guarantees over 800 hours of content, distributed across strategic block-based learning and complemented by a team of panels with leading industry professionals like GPs and Executives in many Venture Capital firms actively investing in or based out of Africa markets.…

Read More
Renewable energy outdoes oil, coal and gas in Foreign Direct Investment. www.theexchange.africa
  • In 2020, the capital investment in the renewable energy sector was at US$8.72 billion, outshining oil and gas for the first time
  •  Despite the damage caused to the climate, gas and oil are at the core of the energy sector, which is concerning
  • The United Arab Emirates (UAE) topped in the Middle East, attracting foreign direct investment (FDI) in renewable energy close to US$2.4 billion in 2020

One of the conclusions of the 26th United Nations Climate Change Conference, which was held in Glasgow, Scotland, is that the climate change effect caused by fossil fuels on the earth might be irreversible by 2030.

The COP 26 conference emphasized the cutting down subsidies granted for coal and fossil fuels to low- and middle-income countries. However, there is no amicable consensus arrived on the above emphasis.

It appears that global financial firms are reluctant to curtail the direct and indirect financing of …

Read More
eWaka EV Mobility promoting e-mobility in Africa. www.theexchange.africa.

Over-reliance on fossil fuels and current geopolitical tensions have reemphasized the need to rapidly adopt alternative sources of sustainable, reliable and affordable mobility.

As oil prices continue to pump every day, attributed to the intensifying fight against climate change by 2030 and the current war between Russia and Ukraine, the adoption of electric vehicles appears inevitable.

eWAKA EV Mobility is spearheading sustainable mobility to enhance Africa’s economic prospects by harnessing the power of electric vehicles. eWAKA’s services address frustrating and disruptive mobility experiences by offering a sustainable solution that will increase connectivity, improve efficiencies and offer safe, environmentally-friendly transportation.

The Electronic mobility market in Africa is intensifying in Africa, specifically in Kenya, Egypt and South Africa.…

Read More
The UK government has provided over US$1.15 billion through UKEF to facilitate the extraction of Mozambique's offshore liquefied natural gas project. www.theexchange.africa

Judge Stuart-Smith said that the UKEF was entitled to view that supporting the project under consideration was in line with obligations under the Paris Climate Change Agreement. He supported the judgement by adding that the UKEF’s view was that the project was in general alignment with Mozambique’s stated climate change policies and was acceptable and not shown to be wrong.

A spokesperson for the UK government was cited by UKEF on March 16, replying to the first judgement by Justice Thornton, saying: “We welcome the judgment and remain confident that UKEF follows robust and internationally recognized due diligence before providing any support for overseas projects.”

Considering that the judges reached no consensus, the Friends of the Earth organization, which mobilized several activists near the court on March 17, said it is awaiting a court order determining the outcome.

The activists and protestants had placards reading “Stop gas funding in Mozambique”, …

Read More
Climate change causes natural disasters in Africa. www.theexchange.africa

According to a Fair Tech Institute whitepaper by Access Partnership, a global public policy firm for the technology sector, the annual number of natural disasters is set to increase by 37 per cent from 442 to 541 occurrences by 2025.

The whitepaper highlights the urgency with which national governments and the private sector must attach satellite technology to implement more effective disaster management efforts in Africa and globally.

The whitepaper comes after several organizations agreed that climate change would make weather-related disasters more frequent and widespread in coming years.…

Read More
AIM 2022 seeks to find alternative sources of funding for SMEs. www.theexchange.africa

The exhibition will hold a discussion where the panellists will highlight how SMEs were, are, and will always be critical to the growth of the global economy.

The majority of small and medium-sized enterprises account for most businesses worldwide and are significant contributors to job creation and global economic development. Small and Medium Enterprises represent about 90 per cent of businesses and more than 50 per cent of employment worldwide.

Formal SMEs in developing countries contribute up to 40 per cent of GDP, with the percentage getting significantly higher when informal SMEs are included. Experts say that over 500 million jobs will be needed by 2030 to absorb the growing global workforce caused by the increasing population.…

Read More
The Harambeans are young entrepreneurs transforming the innovative African ecosystem. www.theexchange.africa

In the latest fundraising led by B Capital Group, Flutterwave raised US$250 million, with participation from Alta Park Capital LP, Whale Rock Capital and Lux Capital.

Flutterwave said in an emailed statement on Wednesday. “The investment has enabled the company to become the highest valued African startup,” a Flutterwave email read.

Flutterwave has processed transactions worth more than US$16 million in over 50 million transactions across dozens of countries in Africa, facilitating cross-border transactions in multiple currencies for companies, including Uber Technologies Inc., Booking.com and Alibaba’s Alipay. It has evolved beyond payments products to an online marketplace and a lending channel to small and medium businesses.

With operations from the Nigerian commercial hub of Lagos to Nairobi, Kenya, the San Francisco-based company will continue to grow in East Africa. According to Flutterwave’s software engineer, the company also plans to expand its Francophone African nations such as Senegal and Cameroon.…

Read More
Ghana allocates US$105 million to rehabilitate irrigation schemes. www.theexchange.africa

There are twenty-two irrigations projects under GIDA, covering 6,505 hectares. Additionally, there are twenty-two schemes constructed under the Small Scale Irrigation Development Project (SSIDP) and six schemes under the (Small Farms Irrigation Project) SFIP.

The SSIDP and the SFIP projects are all less than 1,000 hectares in size, except for the Tono and Kpong Irrigation Projects, which have about 2,500 hectares and are overdeveloped.

The primary beneficiaries of the irrigation projects have been indigenous small-scale farmers. However, the outputs have not been very encouraging, and the lack of maintenance of the projects has rendered most of the schemes unproductive.

Moreover, 14 companies have been enlisted and have taken up more than 3,000 hectares of land to cultivate commercial farming operations.…

Read More