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Africa
- The market for sustainable cooling systems in developing economies is set to hit $600 billion by 2050. Research shows that sustainable cooling systems can cut cooling-related emissions by almost 50%.
- They can also help lower electricity bills, reduce equipment costs, and power sector investments by $8 trillion by 2050.
- Unlocking finance, in particular private finance, is essential to support the transition to sustainable cooling across developing economies.
Economies in Africa are projected to experience the fastest growth in cooling systems, a new survey by the International Finance Corporation and the UN Environment Programme (UNEP)-led Cool Coalition shows.
Globally, Africa is poised to see her cooling systems industry expand by a factor of seven closely followed by countries in South Asia which will see this market segment quadruple.
“The sustainable cooling market represents at least a 600-billion-dollar opportunity for the private sector, …
- Innovation is the route to business, company, industry and national success story.
- To realize this success, however, governments must create policies that encourage and support innovation at scale.
- For Africa, the jury is still out on the role of governments in driving innovation.
From the developed to emerging to the underdeveloped economies, one thing that policymakers agree is that innovation drives industrial and therefore national progress. It creates opportunity for individuals and investors, grows businesses, and powers a nation’s development agenda. For these reasons, policymakers are advised to place emphasis on innovation.
Matt Banholzer, an economics researcher and author of How innovation can accelerate industry momentum report explains that while macroeconomics concept of development correctly looks at the economy as a whole, policymakers must not be naïve to think policies of the ‘whole’ will foster development of the individual and vice vasa.
The researcher is of the view that policymakers, …
- Cross River State has invited investors into various sectors of its economy, as part of plans to grow its economic development
- The southern Nigerian state also has several opportunities in the green economy, mostly in agribusiness
- Cross River State also offers opportunities in the blue economy, including at the port, as well as shipping
The government of Cross River State has invited investors into various sectors of its economy, as part of plans to grow its economic development.
The CEA of Cross River State Francis Ntamu told The Exchange Africa exclusively that there were several opportunities including in the green and blue economies.
The southern Nigerian state also has several opportunities in the green economy, mostly in agribusiness.
“We have rich tropical rain forests and endangered species of butterflies which have been of keen interest to environmentalists,” Ntamu said, adding that such an environment is ideal for investors interested in …
According to the research finding, even though a minimum of 5%, of national health budgets, should be dedicated to mental health in low-income countries, most African countries still spend less than 1%.
Even though there is high-level policy commitment on paper in most African countries, however, allocation of appropriate budgets and human resources for mental health still lags woefully behind the rest of the world.
For example, in Ethiopia, Ghana, Nigeria and South Africa more than 90% of people living with mental illness do not receive any form of evidence-based care, the report points out.
Experts warn that the Covid-19 pandemic has had a worse impact on mental health. Due to the related economic impact of the pandemic which left millions without jobs and millions of others under-employed, mental health cases are worse due to elevated levels of stress, anxiety, social isolation and domestic disputes to mention but a few.…
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.…
