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- Africa poised for fastest growth in $8 trillion cooling systems market
- Rwanda-based Bboxx eyes generating $100M worth of carbon credits in Africa
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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, …
- Save the Children has found that about 262,500 acutely malnourished children may have died between January and November 2021
- The organization used data compiled by the UN and evaluated mortality rates for untreated cases of severe acute malnutrition in children under five across eight countries in East Africa
- Health centre admissions of children suffering acute malnutrition have risen dramatically in 2021, with a 16 per cent increase in the first half of this year from an already high baseline
A new report has found that more than 260,000 children aged under five may have died from extreme hunger or related diseases in East Africa since the start of the year.
Save the Children used data compiled by the UN and evaluated mortality rates for untreated cases of severe acute malnutrition in children under five across eight countries in East Africa.
Using a conservative estimate, the humanitarian aid agency discovered that …
- Kenya has committed to fast-track the deployment of renewable energy as a driver for economic development in the country
- KenGen is East Africa’s largest electricity producer and among the top 10 leading geothermal energy producers in the world
- About 86% of KenGen’s installed capacity of 1,818MW comes from renewable and clean energy sources, namely hydro, geothermal and wind
East Africa’s largest economy Kenya has committed to fast-track the deployment of renewable energy as a driver for economic development in the country.
This commitment was made by Monica Juma, Cabinet Secretary, Ministry of Energy during her inaugural visit to Olkaria, Naivasha to inspect and assess KenGen’s geothermal power facilities.
CS Juma said renewable energy is the preferred option for Kenya adding that the move would also help attract foreign investments in Kenya’s energy sector. She was accompanied by Gordon Kihalangwa, the Principal Secretary of the Ministry of Energy.
The CS lauded …
Who decided that omicron is ‘African’? Omicron, the new COVID variant is not “African”, plain and simple. Isolating South Africa and the region for identifying the variant is simply wrong!
These travel bans are based on politics, not on science. It is wrong on so many levels that I find myself in a shocking state of disbelief.
It is wrong for economic reasons, for humanitarian reasons, for scientific reasons but above all for actual health reasons. What I mean is that perhaps only the most naive of individuals could possibly believe that isolating the region from the rest of the world would have any significant impact on preventing the virus from spreading.
I can only speculate that these may be the same people attending record-breaking premier league (1) games with other 40,000 unmasked fellas in the UK or even European governments such as the one in Portugal who think to …
This deal makes South Africa the only African country to have come out of COP26 with a tangible, actionable and financed plan to make it climate change resilient. The energy embattled country has signed the deal with all the big boys, the UK, the U.S., Germany, France and the European Union.
The pact is considered the first of its kind, where the so-called ‘Global North Countries’ are funding a ‘Global South Country’ to transition to renewable energy. Granted in this case there is the interest in coal since South Africa is heavily reliant on coal and so the deal is considered a …
Senior policy experts have advised Russia to make its Africa policy a derivative of the country’s overall foreign policy objectives taking into account the continent’s human capital and natural resources.
The ‘Situation Analytical Report’, as it is titled, was prepared by 25 policy experts, as part of a programme sponsored by the Russian Foreign Ministry. It was headed by Sergei A. Karaganov, Dean and Academic Supervisor of the Faculty of World Economy and International Relations of the National Research University’s Higher School of Economics (HSE University). Karaganov is also the Honorary Chairman of the Presidium of the Council on Foreign and Defence Policy.
With its about 1.3 billion people, Africa is a potential market for all kinds of consumable goods and for services. In the coming decades, there will be an accelerated competition between or among the external players over access to the resources and for economic influence in Africa.…
Africa is a land of opportunity, and over the past few years, many young entrepreneurs and investors have become millionaires by starting businesses and investing in lucrative sectors. This year is no different, and there are several startup ideas in Africa that have the potential to make even more millionaires in the coming years.
In this article, we will share with you some of the top startup ideas that are making millionaires in Africa. These startup ideas include agribusiness, healthcare, tourism, and technology startups.
Mobile Payments and Fintech
Some of the top innovations in Africa include mobile payments, e-commerce, agribusiness, health care, and tourism. These businesses are thriving because of the continent’s growing economy and burgeoning middle class. In addition, they are benefiting from innovative technologies that are making it easier for people to do business across borders.
Mobile payments is one of the most exciting startup ideas in Africa …
