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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, …
The biggest challenge for Africa to produce thrilling global entertainment has been for a long time the lack of a realistic budget allocation to the creation, pre-and postproduction, and marketing of content.
However, the year 2022 bears a promise of the global media industry taking African content seriously.
Tony Maroulis, a principal analyst for London-based Ampere Analysis, says more than 1.4 million subscription video-on-demand (SVOD) users in Sub Saharan Africa. He projects the figure will grow to 2.4 million by 2026.…
According to SOS Children’s Villages, 3.2 million children under the age of five die every year because of hunger and drought in Africa. In other words, more than half the children who die of hunger-related causes come from the continent.
In the same breath, he said that there has also been inconsistency in the flow of funds to UNICEF to support humanitarian response.
UNICEF said more than 255,000 children received treatment for severe wasting in Somalia last year. On Tuesday, January 2022, the International Organization for Migration (IOM) said the widespread drought in the Horn of Africa has severely affected the country the most, forcing the government to declare a state of emergency in November.…
The gambling industry in Africa is experiencing significant growth, attracting economic interest and evolving regulations across various countries. With only a handful of nations enforcing outright bans on gambling, the industry is thriving, thanks in part to the widespread adoption of mobile money payment systems initially designed to reach the unbanked population in Africa. CMS proudly presents the second edition of “The African Guide to Gambling Laws,” a comprehensive expert guide exploring the legal landscape of gambling. This guide delves into key aspects such as regulatory frameworks, corporate governance, licensing, compliance, data protection, currency control, cross-border issues, and more.
Navigating African Jurisdictions
Covering countries like Algeria, Angola, Cameroon, Egypt, Ghana, Kenya, Nigeria, South Africa, and others, the guide provides valuable insights into the diverse regulatory landscapes of the African gambling scene. Legal experts from renowned law firms have contributed to this guide, ensuring a thorough understanding of the legal intricacies …
- On average, the continent’s billionaires are worth $4.7 billion now compared to the $3.4 billion in 2014
- Aliko’s wealth has been increasing exponentially, from $10.1 billion in 2020, $12.1 billion in 2021, and 13.9 billion in 2022
- Nigerian Abdulsamad’s worth has risen from $3.1 billion in2020 to $7 billion in 2022, arguably the best performer on the list.
The African economy is not doing so well. But that does not mean so are all the people on the continent!
Aliko Dangote, a business magnate in Nigeria, has topped the 2022 Forbes list of the richest men in Africa for the eleventh consecutive time.
Despite the Coronavirus pandemic, the continent’s 18 billionaires’ combined worth is 15 per cent more than it was in 2021, standing at roughly $84.9 billion.
On average, the continent’s billionaires are worth $4.7 billion now compared to the $3.4 billion in 2014.
Soaring stock prices across sub-Saharan …
