Author: Joseph Kangethe

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…

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.

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”, “keep oil in the ground”, “fossil fuels must disappear” while shouting protests against fossil fuels funding.

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.

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.

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.

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.

The 11th edition of AIM 2022, held in Dubai, UAE, from 28th to 31st March 2022, aims to achieve the smart cities objective through one of its six pillars, the Future Cities Pillar.

The Future Cities Pillar rallies up government and investor support to maximize the potential of innovation, technologies, and smart city solutions. This pillar will enable all stakeholders, including governments and investors, to foster innovation in the urban planning and development arena that replaces traditional services.

AIM 2022 is leveraging through the Future Cities Pillar to create a secure environment that gives real value and benefits to all participating providers of such innovative city services.

Rural Farmers Hub will receive financial support worth US$15,000. It is a precision management solution for crop health and soil quality assessment created for small farmers, extensive plantations, and industrial out-growers.

Rural Farmers Hub provides intelligent maps to plan precise fixation of defects in soil and crops and develop various AI algorithms for agricultural application in Africa, showing how data can significantly impact the agriculture sector.

The company works with an extension worker network of over 200 members and have since reached over 25,000 smallholder farmers. They target ten vital corporate customers and an estimated 250,000 smallholder farmers within 24 months.

At the Foreign Direct Investments (FDIs) and Foreign portfolio investment (FPIs) Workshops, the countries’ representatives, governments, and cities will gain new insights from renowned industry experts from across the globe that will enrich their experience, thereby enabling them to establish themselves as lucrative opportunities for investment.

At the Foreign Direct Investments (FDIs) and Foreign portfolio investment (FPIs) conference sessions, participants from countries and government departments will be sharing expert insights, best practices, and ideal investment policies. They will also be taking part in the fruitful discussions that specialists from the investment community will lead to explore relevant topics about AIM’s first pillar – Foreign Direct Investment FDI.

At the AIM 2022 exhibition, the best local and international exhibitors across the globe, including the representatives of countries and investors, will gather to achieve economic growth for their respective countries and regions.