Friday, March 29

Africa

if oil disappeared tomorrow
  • If oil disappeared tomorrow, thousands of petroleum-based products would vanish with it.
  • If oil disappeared tomorrow, it would be catastrophic for health services everywhere.
  • If oil disappeared tomorrow, millions of jobs would be lost. Tax revenues would be depleted, and industrial production would crimp.

If oil disappeared tomorrow, there would be no more jet fuel, gasoline, or diesel. Internal combustion engines, automobiles, trucks, lorries, and coaches would be stranded. Airplanes powered by jet fuel would be grounded. Freight and passenger rail powered by diesel would halt. People could not get to work; children could not get to school. The shipping industry, transporting both freight and passengers, would be devastated.

There would be no point in calling emergency services. Most ambulances, fire engines, police cars, rescue helicopters, and other emergency vehicles would be stationary. Most phones and computers would also vanish as their plastic components derive from oil, so it would

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Uganda's Diaspora Remittances
  • Uganda’s diaspora remittances have seen 13.4% jump, reaching $1.42 billion.
  • Remittances continue to outshine foreign direct investment and official development assistance as the primary source of external finance for low and middle-income countries.
  • Economies are leveraging diaspora remittances through innovative financial instruments such as diaspora bonds and policies aimed at financial inclusion to enhance their impact on development.

Diaspora remittances from Ugandans living and working abroad increased by 13.4 per cent in the 12 months ending January 2024. This surge, as reported by the Bank of Uganda’s Executive Director of Research, Mr. Adam Mugume, highlights the increasing role of diaspora inflows in the nation’s economy, reaching $1.42 billion, up from the previous $1.25 billion.

Such growth underscores the essential contribution of the Uganda’s diaspora remittances amidst a challenging global financial landscape.

Globally, remittances have emerged as a critical source of external finance for low- and middle-income countries (LMICs), overshadowing foreign …

Hormuud Telecom
  • Hormuud Telecom has launched the 5G network across Somalia, enhancing the speed of internet and communication.
  • This marks a significant leap towards a digitally inclusive society with reliable internet connectivity in the country.
  • A 5G networks is set to stimulate economic growth, create jobs, and revolutionize public services such as healthcare and education.

Hormuud Telecom has unveiled its 5G network, marking a historic moment for its main market Somalia, which now enters into the elite group of African nations such as Kenya and Ethiopia that have embraced this cutting-edge technology.

Hormuud Telecom 5G signal is now present across 30 cities and towns, promising to revolutionize the speed of the internet and communication and transform Somalia’s digital economy.

Enhancing Communication with 5G Technology

The introduction of the 5G network by Hormuud Telecom signifies a monumental leap in improving internet connectivity’s speed and reliability across Somalia. President Hassan Sheikh Mohamud, along …

Chinese Influence on the African

China has a well-established presence on the African continent. On the positive side, a lot of infrastructure development taking place is a direct result of Chinese funding. In addition, several big Chinese companies have taken root in Africa becoming significant contributors to employment and GDP. Examples include Citic Constructions, Sunshine group, and FAW. Mckinsey and Company research group estimates that in 2012 there were over 10000 Chinese-owned companies operating in Africa, the number has since increased. 

However, there has long been suspicion around Chinese funding, especially through debt as most deals are shrouded in mystery and hidden behind closed doors. One example is Zambia’s current debt conundrum, in which reports indicate the country owes China large sums of money but circumstances around the debt are unclear in terms of the duration and the cost. 

Additionally, indications are that some of the debt facilities come with collateralized arrangements in which Africa

satellite technology

Satellite technology is an integral part of modern communication networks. The world has evolved from the postal age and centred on a more fluid digital approach to information distribution. Organisations, governments and individuals all require and depend on consistent and timeous availability of information.

Satellite technology provides linkages in telecommunications, broadcasting and data communication. 

The telecoms industry has grown significantly, with more people accessing mobile phone services. Cellular and wireless companies such as MTN, Econet and Vodacom have expanded reach across the continent. This has dramatically improved connectivity and improved livelihoods. Cellphone penetration is on the rise, which has managed to catapult Africa into the communication age.

Broadcasting services have also improved significantly, especially in the quality of service. Radio and television services alike have improved notably. 

fibreoptic cables

Access to connectivity

African countries along the coast like Nigeria, South Africa and Kenya benefit from using submarine fibres. 

In June 2017, 52.1%

Women Farmers The Exchange www.theexchange.africa

Across the Global South, agriculture is essential to livelihoods for the majority of women at the base of the pyramid (BOP). Modernising agribusiness value chains in climate-smart ways will be a key element in building emerging economies, combating food and income insecurity, and mitigating the impacts of climate change. This modernisation must take a gender-progressive approach, which requires a shift in the investment landscape to better integrate gender, from capitalising women-led companies to ensuring women farmers are empowered across the value chain. Not only are such approaches vital to SDG 5 (Gender Equality), they are directly relevant to climate action and building sustainable economies.

The impact of climate change on agricultural production has been well-documented, from the shifts in average temperatures and rainfall patterns to ozone and mineral concentrations in the atmosphere and soil – but the relationship goes both ways. Agriculture is a significant driver of climate change, with …

agrekko

Global data centre spend was expected to reach an impressive total of $208 billion by the end of 2020.

Demand, thanks to expanding business footprints and the move to the cloud and alternative infrastructure solutions, has pushed the market into overdrive with an estimated 628 hyper scalers expected to rise by 2021.

The edge, artificial intelligence, cloud IT infrastructure investment, machine learning, and the rise of emergent technologies are shifting the data centre into high gear, and centre stage.

But what if the data centre fails? What if demand overtakes infrastructure? Downtime can incur huge costs, put an organisation’s reputation on the line, and can have unexpected knock-on ripple effects throughout the company and its infrastructure.

Therefore, it is essential to tick two particularly important boxes when investing in a robust data centre strategy – reliable power and comprehensive loadbank testing.

As data centre usage continues to rise exponentially alongside …

Ngozi Okonjo Iweala

Nigeria’s Ngozi Okonjo-Iweala was on Monday, February 15 confirmed as the World Trade Organization (WTO) director-general.

Her appointment came after the last remaining rival candidate, South Korean trade minister Yoo Myung-hee, withdrew from the race, allowing her to become the first woman and the first African to lead the global trade body.

She will take up her post on March 1, initially for a term that runs until August 2025.

The Geneva-based body has been without a permanent director-general since Roberto Azevêdo stepped down a year earlier than planned in August.

However, as she takes over, much is expected from her.

Trade spats

Despite WTO being established in 1995 with the aim of promoting open trade for the benefit of all, the organization has struggled to prevent trade spats among member states, most notably the United States and China.

The organization negotiates and administers rules for international trade and tries …

900total oil

FurtherAfricaOil and gas projects are very complex due to a variety of challenges that need to be overcome. Risk management and financial burden are some of the hottest issues currently on these projects.

Now imagine you add Covid-19 and insurgent movements near the project area.

“The French oil and gas company Total is considering setting up a logistical base for its Mozambican operations, not only in part of Mozambique, but on the French Indian Ocean possession of Mayotte, according to a report (…)” as per the digital news portal Club of Mozambique.

It shouldn’t come as a surprise at all.

Being part of the French territory, Mayotte offers the best option for Total as a preferential hub for their project in Mozambique. France operates a military base in Mayotte, in the form of a detachment of its Foreign Legion, making the island a super safe place.

Mayotte is very well …

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