• Small scale firms in Africa urged to embrace technology, research, and development to power their growth at scale.
• African MSMEs have been challenged to tap opportunities presented by the African Continental Free Trade Area (AfCFTA) Agreement.
• Agriculture, manufacturing, ICT, minerals, and creative industries highlighted as sectors that have huge potential for MSMEs’ growth.

The African Union (AU) has called upon startups and micro, small, and medium-sized enterprises (MSMEs) across Africa to harness the power of innovation for their growth and sustainability. This appeal has been made by Albert Muchanga, the AU Commissioner for Economic Development, Trade, Tourism, Industry, and Minerals during the third African Union Micro, Small, and Medium-Sized Enterprises Forum, which is taking place between September 9 to 13 in Windhoek, Namibia, and virtually.

This forum, which is arguably one of Africa’s largest gathering of MSMEs, focuses on the theme: “Fostering Financial Empowerment and Educational Innovation for African …

• Namibia’s 100MW Rosh Pinah Solar PV project is poised to accelerate the nation’s pace in achieving renewable energy goals.
• The project will be built by an alliance of China Jiangxi International Economic and Technical Cooperation Co., Ltd. and China New Energy Development (Zhejiang) Co., Ltd.
• Namibia’s reliance on imported electricity has been a challenge to its energy independence.

The presence of Chinese contractors in Africa’s infrastructure journey continues to grow after Namibia on Monday entered into an agreement with contractors from China to develop the country’s largest solar plant.

For Namibia, the 100MW Rosh Pinah Solar PV project is poised to accelerate the nation’s pace in achieving renewable energy goals, while at the same time boosting the country’s energy generation capacity.

However, for analysts, the 18-month project is set to further project growing Chinese presence in the continent’s industrialization and renewable energy quest.

On Monday, Namibia’s state-owned power utility, NamPower, …

• Since late June, heavy rains have hit parts of Sudan, including South Darfur, Red Sea, River Nile, and Northern states, affecting around 500,000 people.
• In Chad, at least 340 people have lost their lives, and nearly 1.5 million people have been impacted, with over 160,000 homes destroyed by floods.
• Nearly a third of Lesotho’s population—about 700,000 people—are at risk of food insecurity in the coming months due to historic drought gripping the country.

Extreme weather patterns continue to batter Africa, plunging millions of people into a deepening humanitarian crisis. From the ongoing catastrophic floods in Sudan and Chad to the severe drought crippling Lesotho, and other economies in the southern Africa region the impacts of climate change are starkly evident across the continent.

As floods displace families, destroy homes, and disrupt agriculture, drought worsens food insecurity, leaving communities on the brink of disaster.

Sudan and Chad drenched by devastating floods

• Second Indonesia-Africa Forum (IAF) underway in Bali, Indonesia, almost clashing with the Forum on China–Africa Cooperation.
• Zanzibar President Mwinyi woos Indonesia investors to Zanzibar as he eyes a pie of the $3.5Bn in investment deals.
• The forum has, however, attracted far fewer participants from Africa compared to the 2018 meeting.

The Africa-Indonesia Investment Forum 2024 which is currently underway in Bali, Indonesia, is expected to generate a whopping $3.5 billion worth of investments. In attendance is the Zanzibar President and Chairman of the Revolutionary Council, Dr Hussein Mwinyi. President Mwinyi is representing the Tanzanian Union President Dr Samia Suluhu Hassan and is in the company of several other African Heads of State.

Present at this Second Indonesia-Africa Forum (IAF), include presidents from Zimbabwe, Rwanda, Ghana and Liberia among others. This High-Level Forum on Multi-Stakeholder Partnerships (HLF MSP) is been held concurrently with the IAF and has attracted well over 855 …

• Ahead of COP29, Africa’s climate finance strategy is based in three core pillars: scaling up adaptation funding, boosting mitigation efforts, and improving access to carbon markets.
• Without financial support, Africa could experience an annual loss of 5% of its GDP by 2040 due to adverse weather.
• While the stakes are high, populations across the continent will be watching to see how global powers will answer Africa’s plea.

As leaders from across the world ready to gather in Baku, Azerbaijan, for the 29th United Nations Climate Change Conference (COP29), Africa is rallying for a spirited push to secure climate finance deals at scale.

This agenda was unveiled at the 12th Conference on Climate Change and Development in Africa, hosted by Ivory Coast in Abidjan. This meeting was held on the sidelines of the 1oth Special Session of the African Ministerial Conference on the Environment (AMCEN).

Bringing together stakeholders such as …

• Leaders of Africa’s big economies such as South Africa and Kenya are in Beijing seeking loans for big infrastructure projects.
• Kenya, for instance, is eager to secure additional financing to complete stalled BRI projects.
• In return, analysts say China is keen on creating avenues for accessing minerals and market opportunities for their finished products.

This week, the city of Beijing will be hosting a gathering that could shape the future of Africa’s economic landscape for years to come. The Forum on China-Africa Cooperation (FOCAC) is set to welcome a delegation of African leaders eager to secure substantial financing for key infrastructure projects back home.

Amidst intensifying global competition and shifting economic dynamics, this year’s China-Africa summit promises high-stakes discussions.

The Beijing Summit comes at a critical moment not only for Africa but also for China and the broader international community. Over the past decade, China has solidified its position as …