- Tanzania’s Mining Act Amendments: Navigating Future Prospects and Challenges
- Food inflation: Zimbabwe, Egypt, and Malawi in top 10 list of hardest-hit nations globally
- Global unity in focus as 7000 delegates gather in Kenya for UNEA-6
- New, integrated initiatives aim to breathe life into plans to address climate and clean air
- Kenya’s Grey Listing Revives Calls for Tougher Anti-Money Laundering Legislation
- AfDB’s strategy to revive Lake Chad Basin gathers pace
- Remembering the legacy of President Hage Geingob, a true African giant
- d.light and Chapel Hill Denham ink $7.4M deal for solar projects in Nigeria
Author: James Wambua
James Wambua is a seasoned business news editor specializing in various industries including energy, economics, and agriculture. With a comprehensive understanding of these industries across Africa, he excels in delivering accurate and insightful news coverage that keeps readers informed about key developments and trends.
- Zimbabwe is the worst hit in Africa with food inflation at 26% YoY, followed closely by Egypt at 18%, Malawi at 9%, and Guinea at 7%.
- The persistent weakness of the Zimbabwe dollar has been a driving force behind the steep price growth throughout 2023.
- Real food inflation, calculated as the difference between food inflation and overall inflation, provides a dire picture of the strain on households’ budgets in these countries.
The economies of Zimbabwe, Egypt, and Guinea are facing significant challenges due to soaring food inflation, placing them among the top 10 countries globally most affected by this roiling crisis.
According to the World Bank’s February 2024 update, Zimbabwe leads the pack in Africa, with food inflation at a staggering 26 per cent year-on-year, followed closely by Egypt at 18 per cent and Guinea at 7 per cent.
Real food inflation, calculated as the difference between food inflation …
- Weeklong UNEA-6 talks in Nairobi will focus on negotiating resolutions on critical issues such as nature-based solutions, highly hazardous pesticides, land degradation, drought, and the environmental aspects of minerals and metals.
- UNEA-6 talks will see countries consider a total of 19 resolutions aimed at spurring more ambitious multilateral environmental action.
- The UN Environment Assembly plays a crucial role in setting priorities for global environmental policies and developing international environmental law.
Ministers of environment and leaders from over 180 nations gathering in Nairobi for the sixth session of the United Nations Environment Assembly (UNEA-6) are calling on the urgent need for environmental multilateralism to tackle the triple planetary crisis of climate change, nature loss, and pollution.
This year’s assembly, taking place between February 25 and March 1st, will focus on negotiating resolutions on critical issues such as nature-based solutions, highly hazardous pesticides, land degradation, drought, and the environmental aspects of minerals …
- Clean Air Flagship was launched to save lives and slow climate change by boosting cooperation and reducing pollutant emissions.
- UNEP and CCAC’s Used Heavy Duty Vehicles and the Environment report provides a roadmap to reducing the sector’s emissions through standardizing, monitoring, and greening strategies
- The launch of a significant cost of inaction study supports the economic case to act on short-lived climate pollutants to limit hazardous global warming and climate disasters.
Government Ministers and partners of the UNEP-convened Climate and Clean Air Coalition (CCAC) have this week put in place a raft of integrated climate and clean air initiatives designed to combat the triple planetary crisis of climate change, pollution, and biodiversity loss.
At the CCAC’s annual Climate & Clean Air Ministerial Meeting, which took place in Nairobi, Kenya, this week ahead of the sixth session of the UN Environment Assembly (UNEA-6), countries and partners launched a Clean Air …
- Statistics show that Lake Chad has shrunk in area by some 92 per cent in recent decades.
- This fast-shrinking waterbody, partly due to the worsening effects of climate change, is putting roughly 50 million people at risk.
- AfDB is championing a strategy to restore the lake’s ecosystem to counter the tide of loss and destruction of livelihoods.
Once considered the sixth-largest inland water bair jordan 1 element deuce vaughn jersey adidas yeezy boost 350 turtle dove smith and soul durex intense vibrations ring custom youth nfl jersey smith and soul decathlon bmx adidas yeezy boost 350 turtle dove custom kings jersey kansas city chiefs crocs college football jerseys jordan max aura 4 fsu football jersey inflatable kayak ody on earth for livelihood, Lake Chad Basin has shrunk in area by some 92 per cent in recent decades. The shrinking of the waterbody, partly due to the worsening effects of …
- d.light and Chapel Hill Denham have closed $7.4 million in securitized financing to fund off-grid solar expansion in Nigeria
- The financing by Chapel Hill Denham’s Nigeria Infrastructure Debt Fund aims to scale up d.light’s low-cost pay-go offering of affordable, solar-powered products targeted at low-income households.
- This transaction signifies a pivotal stride in sustainable infrastructure investment in Nigeria, says Bolaji Balogun, CEO of Chapel Hill Denham.
d.light, a global provider of household products and affordable finance for low-income households, and Chapel Hill Denham, Nigeria-based alternatives asset manager, have sac à dos eastpak jordan proto max 720 yeezy boost 350 v2 hyperspace yeezy shoes under 1000 inflatable kayak sit top kayak custom kings jersey nike air max 90 futura sac à dos eastpak deuce vaughn jersey nike air max 90 futura 8 ft kayak kansas city chiefs crocs nike air jordan 1 elevate low kansas city chiefs crocs announced closing a …
- Startups seeking to scale across Africa face a unique set of communication challenges.
- While culture, infrastructure woes, and regulations pose significant challenges, innovation offers opportunities to overcome these hurdles.
- Players in the industry such as Beem are developing effective enterprise communication products that firms can tap into to scale their operations across Africa.
Africa is emerging as a hotspot for entrepreneurial activity, with startups acrborsa prima classe jock strap deuce vaughn jersey latex hood air jordan 1 low flyease air jordan 1 low flyease uberlube luxury lubricant 8 ft kayak oregon football jerseys inflatable kayak yeezy shoes under 1000 nike air jordan 1 elevate low custom sublimated hockey jerseys 8 ft kayak decathlon bmx oss various industries in different economies scaling up. However, as these startups expand across economies, they are encountering a unique set of communication challenges that often jeopardize their success.
From navigating the maze of cultural …
- Africa continues to grapple with food insecurity exacerbated by climate change and inadequate access to financing for both startups and food producers alike.
- In response, innovators and bold entrepreneurs are going digital, devising modern solutions to enhance food production.
- At the Africa Tech Summit in Nairobi, agri-innovation startups Homemade by Dropp, Koolboks, Samalife, BWS, Hello Tractor, Seabex and ReNile shared their entrepreneurial journey and reasons why they need financing to create value for farmers and consumers.
A number of startups with a focus on digital agricultural innovation in Africa are seeking fresh financing to scale and accelerate their growth across the continent, which is curradidas yeezy boost 350 turtle dove yeezy shoes under 1000 air max 270 women asu football jersey sac eastpak brock purdy jersey penn state jersey custom sublimated hockey jerseys 8 ft kayak dallas cowboys slippers mens custom nfl football jerseys johnny manziel jersey dallas cowboys …
- The energy crisis in South Africa has significantly impacted the nation’s economic growth, potentially reducing it by up to 3.2 percentage points in 2022.
- President Cyril Ramaphosa declares that the end of load shedding in South Africa is “finally within reach.”
- This president’s assertion is a ray of hope for millions of citizens who have endured the disruptive effects of load shedding for far too long.
South Africa has long grappled with the scourge of load shedding, a term that has become synonymous with power cuts and energy instability.
However, this week, President Cyril Ramaphosa during his 2024 State of the Nation Address (SONA) sparked optimism across the continent’s most advanced economy, suggesting that an end to frequent load shedding may finally be within reach.
President Ramaphosa’s Optimistic Proclamation
During his SONA in Cape Town, President Ramaphosa expressed confidence that South Africa is on the brink of overcoming its …
- Japan’s Toyota Tsusho Corporation will invest $5 million (KES800 million) in the Kenya Thika Vehicle Manufacturing initiative.
- A total of $93.7 million (KES 15 billion) will go towards the Meru Wind Farm Energy project, while $49.9 million (KES8 billion) will be invested in the Isiolo Solar Energy initiative.
- Japan is also readying $468.5 million (KES75 billion) for Kenya’s Menengai Geothermal Plant, as the Asian country promotes clean energy solutions.
In a move poised to reshape Kenya’s industrial landscape, Kenya and Japan have jointly announced plans to invest an estimated $617.2 million in East Africa’s largest economy, with a focus on bolstering key sectors of vehicle manufacturing and renewable energy.
This investment initiative marks a pivotal moment in the bilateral relations between Kenya and Japan, promising to unlock new opportunities for economic growth, employment for the youth, and sustainable development.
The cornerstone of this investment endeavor was laid this week with …
- According to authorities, tapping into DRC’s mineral wealth will yield significant returns for investors and contribute to the Congolese population’s socio-economic advancement.
- This strategic approach resonates with President Félix Antoine Tshisekedi’s agenda to foster job creation and entrepreneurial opportunities.
- Canadian mining giant Ivanhoe Mines is cited as an example of a “modern investor” doing business in DRC.
The Democratic Republic of Congo (DRC) is embarking on a bold mission to harness its untapped mineral wealth, valued at $24 trillion, by courting “modern investors” to drive its mining-powered development plan.
At the forefront of this initiative is Mr. Miguel Kashal Katemb, the Director General of the Regulatory Authority for Subcontracting in the Private Sector (ARSP), who articulated the nation’s aspirations at the 30th annual Mining Indaba in Cape Town, South Africa.
In his address to the audience of investors, Mr Katemb underscored the DRC’s openness to all investors while emphasising the …