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, …

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  • Guinea has announced a single-use plastic ban, signalling the growing momentum of the African plastic ban movement.
  • Guinea prohibits the production, import, sale, and use of single-use plastics, including plastic bags and oxo-degradable plastics.
  • The country now joins trailblazers Rwanda, Kenya and Somalia, who banned single-use plastics in their jurisdictions.

Africa is experiencing a vital environmental wave with the increasing rollout of tough measures on single-use plastics. With trailblazers Rwanda and Kenya having banned single-use plastics, Guinea has joined the elite club, announcing a sweeping ban on single-use plastic products and packaging.

Early this year, Somalia joined this movement, banning the use of single-use plastics beyond June 30, 2024. Authorities in the Horn of Africa country urged individuals and businesses to explore using environmentally friendly alternatives to meet their packaging needs.

This move by the West African country signals a historic moment for the continent's push to counter the…

  • 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, …

  • More than 677,000 have fled Ukraine to Poland, Romania and other countries
  • African students in Ukraine are facing racial discrimination at the border, reports say
  • Around 20 per cent of student studying in Ukraine are African citizens
  • Russia invaded Ukraine on 24 February

Ukraine—as occupied with the war against Russian invasion, the European nation has been an investment partner to Africa for a while. Sadly, that relationship could be at risk as the ongoing crisis unearths troubling events detrimental to both sides, as Africans in Ukraine face hell.

The first in Europe in proven recoverable reserves of uranium ores, Ukraine is not new to African business landscapes nor productive interaction with Africa and its citizens through trade and education.

Unfortunately, the European nation broiled into war holds around 20 per cent of African citizens as international students.

Read: Corporate Apartheid Real in South Africa?

Most of the students from Africa …

UNCTAD argued that in the fourth quarter of 2021, all major trading economies saw imports and exports rise well above pre-pandemic levels of 2019.  Moreover, the report pointed out that trade in goods increased more strongly in developing countries than in developed ones. 

It is essential to realize that Africa has more to tap into the intra-African trade, standing at around $21.9 billion, according to UNCTAD. 

Further, exports of developing countries were about 30 per cent higher than during the same period in 2020, compared with 15 per cent for wealthier nations. 

The UNCTAD report argued that growth spiked in commodity-exporting regions as commodity prices increased. …

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Ethiopia is the biggest Wheat producer in Africa, producing about 5.1 million tonnes in the 2020/2021 financial year. Russia’s restriction on the importation of Wheat has created a business gap in the African market and all over the globe.

Russia and Ukraine account for more than 70 per cent of Egypt’s imported wheat demand. In 2019, wheat imports from Russia to Egypt were worth US$2.55 billion, and Nigeria’s imports amounted to US$394 million. Other countries that import Russian Wheat include Sudan, Senegal, Tunisia and Morocco. Ethiopia will hold talks with Egypt and Sudan in March 2022 over the Nile waters’ use. Both countries are importers of Wheat, and production in Ethiopia could fulfil the demand from these two countries without exerting pressure on their production.…

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  • Top five priorities for the African Union 
  • Building Nutrition and Food Security top African Union Agenda
  • Africa requires an equitable representation at the United Nations

The Assembly of African Union Heads of State and Government held its 35th Ordinary Session early February this year and listed the continent's top five priorities. The Assembly meeting saw the handover of the rotating leadership of the Union from H.E. President Antoine Tshisekedi of the Democratic Republic of Congo who was Chairperson in 2021, to President Macky Sall of Senegal.

The Heads of State and Government launched the African Union Theme of the Year 2022 as Year of Nutrition: “Strengthening resilience in nutrition and food security on the African continent: Strengthening agro food systems, health and social protection systems for the acceleration of human, social and economic capital development”.

Five priorities were listed: Resilience to Covid-19 and Africa manufacture of vaccines, action against

  • African Union hosting eight events at the Expo 2020 Dubai
  • The world sees Africa as the new frontier for business, trade and investment
  • How the UAE is setting itself up as the launchpad for doing business in Africa

The African Union (AU) is hosting eight events at Expo 2020 Dubai. With one event each week, the AU hopes to highlight the continent’s investment opportunities and reshape the general world view of Africa, the least not being, science and technology development on the continent.

“From the onset, we set our sights on showcasing the incredible and continued opportunities that lie across the African continent,” remarked Dr. Levi Uche Madueke, the AU Expo Commissioner General.

“We are hitting the ground running.  Our Expo 2020 Dubai activities further advance the cause of fulfilling the aspirations of Agenda 2063,” he said reassuring all visitors of ‘a great show of marvel and awe.’

As part

Unreported mergers and acquisitions, false advertising, or aggressive marketing tactics all place the farmer, the common trader, at odds with the market. 

A farmer in rural Tanzania incurs high costs of production particularly on the agro inputs used to grow, store and transport a given product. When this product gets to the market, it is put to competition with similar products produced by large corporate syndicates that can afford mass production at marginal cost. 

What it all means in simple terms, is the rural farmer’s prices are higher than the syndicated prices and so the farmer cannot sell and is forced to lower prices to meet the competition. In the long run, suffering high costs of production and minimal returns, the farmer is forced into a perpetual cycle of poverty.   This is simply not fair.

A consumer unwittingly buys a box of milk under the assumption it is pure cow

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