Author: Ken Mutuku

• Milk processor Brookside Dairy Uganda was forced to let go of 200 workers to maintain its financial stability for 2023.
• The East Africa Dairy Development strategy is a reform set to transform the lives of farming families with improved market access. 
• By 2013 over 82 farmer-owned dairy enterprises prospered and reflected $8.3 million in equity investments.

On June 23rd, Brookside Dairy Uganda laid off at least 200 workers citing intensifying Kenya-Uganda milk trade war that has seen Nairobi block dairy products imports from Kampala.

Brookside Dairy Uganda has said that the Kenya-Uganda milk trade, a key income stream, was suffering significant damage. While the extent is still unclear, its effects are starting to get clear by the day. 

Kenya-Uganda milk trade war a risk to dairy sector

Kenya is Uganda’s largest export market within the region, and both are part of the East Africa Dairy Development initiative. This strategy aims …

• The Africa Fintech Accelerator program will remain open until August 25th, and the first cohort will debut in September. 
• Plug and Play, the world’s leading innovative platform will partner with Visa to ensure the program’s success.
• Visa committed to invest $1 billion in Africa by 2027.

Africa’s fintech Industry is the continent’s most rapidly growing economic activity. Its growth to fame has attracted plenty of investors and international organizations, each trying to promote the adoption of digital money globally. In recent news, Visa is accepting applications to its Africa Fintech Accelerator Program, urging blockchain-based and fintech startups to sign up.

Africa’s fintech accelerator program

To further the continent’s digital transformation, Visa took an active role in supporting Africa’s fintech industry. This global payment technology company has officially opened applications for the Africa Fintech Accelerator Program. The main aim of this endeavour is to revive the adoption rate of digital money …

• Nigeria’s telecommunication sector has attracted a total investment of $75.6 billion since 2021.
• Kenya’s Safaricom is also among the success stories highlighting Africa’s true potential in the telcom industry.
• Today, there are over 270 million active mobile users in Africa.

Experts in Africa’s mobile industry are ready to crown a new king of the continent after investments in Nigeria’s telecommunication industry hit $75.6 billion since 2021. Aside from dominating Africa’s blockchain ecosystem, Nigeria is leading Africa’s steady digital transformation given its high adoption rate.

Africa is undergoing digital transformation, often times trailblazing the world. Todays era is bringing in innovations in several industries, but none have profited like Africa’s telecommunication industry. During the early stages of Africa’s “Digital” era, many telecoms embraced new technology that would connect and support new talent in Africa.

Africa’s growing telecom industry

According to Mordor Intelligence, Africa’s telecommunication industry will register 11.2 percent growth between …

Bizy Tech Limited took centre stage at the renowned GITEX Africa 2023 to present a new agri-fintech solution. While attending the largest digital innovation gatherings in Africa, Biz Tech Limited finally showcased its ability to transform Africa’s agricultural sector.…

Africa’s digital transformation has recently propelled the flames of a growing economic sector; its gaming industry. Senegal recently became one of its top pioneers as its French Embassy partnered with the Masseka game studio to establish a new gaming hub.…

• In the past 10 years, DP World has solidified its presence in over 40 countries, including in nearly 10 ports in Africa, boosting the continent’s blue economy.
• Senegal is one of the biggest beneficiaries of DP World overseas investments in ports.
• In June, Tanzania engaged DP World to run two berths in the Port of Dar es Salaam.

DP World, one of the largest marine terminal operators is assuming a bigger role Africa’s blue economy. In the past 10 years, the Dubai based multinational has solidified its presence in over 40 countries, including nearly 10 ports in Africa. 

With every eye gunning for Africa’s vast natural resources, what role is DP World playing in advancing Africa’s blue economy? The blue economy is one of the oldest economic activities by human beings. Blue economy encompasses a wide range of sectors, including fisheries and aquaculture, maritime transport, renewable energy (such as offshore …

Nigeria’s blockchain space has significantly influenced the continent’s tech transformations within the last decade. With Nigeria starting to settle down with its new government, attention will be drawn to its development as Africa’s Crypto leader. President Bola Tinubu expressed great interest in the rapid crypto adoption in Nigeria during the presidential campaigns. Moreover, Nigeria is the first African country to launch its CBDC and stands tall in developing the crypto industry. President Tinubu promised additional plans to improve this idea.…

• Seven African leaders have visited Ukraine and Russia in an effort to put an end to the almost 16-month-old war.
• The Ukraine-Russia war is negatively affecting production and supply of food in Africa and across the globe.
• The African peace mission coincides with Ukraine’s counteroffensive to drive out Russian forces out of occupied lands.

Stung by worsening negative effects of the Russia-Ukraine war on their economies, seven African leaders have visited Kyiv and Moscow in an effort to put an end to the almost 16-month-old war.

African Peace Initiative Mission

In an initiative dubbed African Peace Initiative Mission, the seven were the presidents of Comoros, Senegal, South Africa, and Zambia, as well as Egypt’s prime minister and top envoys from the Republic of Congo and Uganda.

The ongoing war between Ukraine and Russia is increasingly negatively affecting Africa’s economic development. Continued loss of lives, higher economic costs to trade and …

Africa’s digital transformation has caught the entire world by storm. Various countries from all four regions of the continent are each pioneering to attain dominance within the advancing digital economy. However, despite numerous inventions, one category stands out: Africa’s blockchain ecosystem.

Blockchain technology has ushered in a new industrial revolution and forever changed the continent’s trajectory. From introducing a new financial system, fintech, to operating medical databases and providing new voting systems, this new technology has broken barrier after barrier of innovation.…

Seychelles’ economy has taken a positive turn, with its blue bond economy roadmap drawing attention from international organizations. Nuveen, a global asset manager, has expressed interest in purchasing Ecuador’s new $656 million blue bond. If Nuveen can acquire this economic goldmine, it would significantly bolster the African island’s overall trajectory through its primary source of revenue.…