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- Africa poised for fastest growth in $8 trillion cooling systems market
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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, …
Even though the EU delegates admitted that; “We recognised, everybody, does, that there is an unbearable vaccination gap that has to be closed … between Africa and Europe,” the diplomats still said no vaccine patent waiver for Africa.
Also, despite scientists warning of the possibility of new Covid variants developing in Africa and the fact that just 5 per cent of Africa has been inoculated, the EU still said no to easing vaccine access to Africa.
The African Union (AU) had expected some sought of EU backing for targeted and time-limited Trips Waiver on vaccines. Trips stand for: Trade-Related Aspects of Intellectual-Property Rights and a waiver would have made it affordable for Africa to produce the vaccines in Africa.…
Pyypl uses advanced Artificial Intelligence (AI) and Machine Learning (ML) for regulatory compliance, Anti Money Laundering (AML), and Counter-Terrorism Financing (CTF).
The platform also conducts real-time Politically Exposed Persons (PEP) and sanctions (both country and individual) screening against the latest and historical UNSC, USDT, FATF, OFAC, and EUCFSF records, as well as all local databases.
Fintech startups in Africa have continued to gain a lot of attention from investors who have been pouring billions of dollars to support the industry. …
Strong demand for its commodities was the result of supply chain disruptions being experienced the world over. Nagle who succeeded long time chief executive Ivan Glasenberg stated that coal was the star of the show for the company. The high demand for coal was the result of little to no activity being done by mining companies worldwide in terms of building coal mines.
These days coal is not only a dirty commodity but “coal mining” is a dirty word so to speak. It borders on profane in a world that is now strongly driven by ESG to even mention the development of a coal mine. That being the case many players in the coal mining space are finding it increasingly difficult to secure funding for coal mine development projects.
This has played well into the hands of Glencore which has happily supplied the so-called dirty commodity to eager customers. Shareholders …
- Learning poverty is costing African young learners dearly
- Median international school fees in Africa span from US$4000 to US$10000 in Africa
- Free education in Africa is now available across most countries.
Education is the most valuable investment any country can have, but the COVID-19 pandemic places this priceless activity in a rather unprecedented position, threatening the fate of the next generation.
Various numbers and figures make the latter clearer. According to International Schools Database, Median international school fees in Africa span from US00 to US,000 in Africa. (https://artandhistory.org/) According to a 2020 based study on 14 countries, the average spending mark on education in Africa was 4.77 per cent.
Out of 53 countries, at least more than 40 provide free education to children in Africa. These numbers are a glimpse of how education is crucial to developing economies, Africa to be specific.
Read: World Bank invests in East …
In practical reality, it aims at creating a continental market for goods and services, with free movement of businesspeople and investments in Africa.
Several reports indicate that the summit strives to bring Africa and Europe closer together through strengthening economic cooperation and promoting sustainable development, with both continents co-existing in peace, security, democracy, prosperity, solidarity and human dignity.
It is against this backdrop that the two partners are determined to work together on a strategic, long-term footing to develop a shared vision for EU-Africa relations in a globalized world.…
Fitch has added that the impossibility to borrow on international capital markets has triggered further downgrades in the credit ratings of the Sub-Saharan countries.
Angola and Gabon have witnessed their credit ratings upgraded in recent months. The upward trend refers to the surge in oil prices globally, which has boosted the finances of the two countries.
Several countries projects to experience rapid economic growth as the tourism industry recovers from the pressure exerted by the COVID-19 pandemic and more mineral sources continue to be discovered in the continent.…
