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- Inside Africa’s 2024 engineering innovation showcase eyeing £50,000 prize
- Tanzanian inches closer to clean cooking dream with a $1.7 billion plan roll out
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Africa
- Four innovators from Kenya, Côte d’Ivoire, and Uganda, selected from a shortlist of 16, vie for the £50,000 (over $62,000) Africa Prize.
- Their innovations encompass recycling in construction, AI tools for healthcare and farming, and reengineered waste collection, addressing crucial societal needs.
- The three runners-up will each receive £15,000 (over $18,000), while a £5,000 (over $6,000) prize titled ‘One to Watch’ will be awarded to the most promising business among the shortlist.
- Since 2014, the Africa Prize has empowered nearly 150 entrepreneurs across 23 African countries, creating over 28,000 jobs and positively impacting more than 10 million people with their innovative products and services.
The Royal Academy of Engineering is set to host the final showdown of the 10th Africa Prize for Engineering Innovation, the continent’s premier engineering accolade, on June 13, 2024, in Nairobi, Kenya. Out of an initial pool of 16 visionary innovators crafting sustainable, scalable engineering solutions …
- “Africa is like China 20 years ago, you see where China is now, so Africa is moving there,” Nael Hailemariam, Founder/CEO Chapa tells global leaders, and investors at AIM Congress 2024.
- Africa’s startup evolution is on, fueled by innovation and a youthful demographic dividend.
- This comparison of Africa to China’s meteoric rise serves as a compelling narrative for investors seeking untapped markets brimming with promise.
A panel discussion titled “The New Geographical Focus of Startups: Spreading Digital Innovation to Africa and Other Places” at the ongoing AIM Congress 2024 in Abu Dhabi has shed light on the startup evolution unfolding across Africa.
Expert speakers lifted the lid on the continent’s burgeoning potential, citing untapped opportunities that are ripe for investment. Nael Hailemariam, CEO/Cofounder of online payment gateway Chapa, captured Africa’s momentum, likening it to China’s trajectory two decades ago. “Africa is like China 20 years ago, you see where …
- Madagascar’s first gold refinery following a strategic partnership and support from the United Arab Emirates.
- Andry Rajoelina, President of Madagascar, terms the move “a major step in the development” of the country’s mining sector.
- At the AIM Congress 2024, Madagascar is marketing its rich potential as an emerging market and its pivotal role in regional trade dynamics.
Madagascar’s first gold refinery
Madagascar is set to join the elite club of countries with gold refinery plants in the world following strategic partnerships and support from the United Arab Emirates (UAE). In his keynote address at the opening ceremony of the 13th edition of the AIM Congress in Abu Dhabi, Andry Rajoelina, President of Madagascar, outlined his nation’s strategic vision for sustainable economic growth and development.
While highlighting the importance of strategic partnerships and investment, President Rajoelina noted Madagascar’s rich potential as an emerging market and its pivotal role in regional …
Technological advancements, financial sector innovations and recent health threats like the Coronavirus have fuelled a greater reliance and need for digital trade and online shopping. The surge in E-Commerce globally has resulted in the need for efficient payment and data management systems. The adoption of data centres provides a data management system solution that allows for efficient payment across e-commerce platforms.
What are data centres?
Data centres are ICT command centres used by various businesses to provide cloud storage, data processing and applications support services. These are useful to ensure safe, efficient and reliable online markets.
IT penetration in Africa is the major determinant of the growth and development of data centres. Economic and administrative prioritisation has not been directed towards investments in IT infrastructure. A norm that IT investments are concerns for the private sector and not for the government prevails throughout the continent. As such, the continent is …
Ghana is set to introduce a new policy aimed at curbing revenue leakages in online betting.
Speaking on Friday, March 12, 2021, while presenting the 2021 budget statement and economic policy on the floor of Parliament, Ghana’s Minister for Parliamentary Affairs and caretaker Minister for Finance, Osei Kyei-Mensah-Bonsu said gaming has become a major income earner all across the globe and a significant source of Government revenue.
Over GHs 300 million lost annually
He noted that the influx of online betting and automation of the once totally manual process has changed the character of revenue sources from that industry.
According to Mensah-Bonsu, Ghana loses an estimation of over GHs 300 million annually in revenue due to leakages in the sector.
He said the Ministry of Finance and the Ministry for the Interior will work with stakeholders to formulate a comprehensive policy to improve revenue mobilization from online gaming.
“The Ministry …
The government of Benin’s imposition of a duty regime targeted at goods from Anglophone West Africa has forced Ghana to petition the Economic Community of West African States (ECOWAS).
Ghana in its petition argues that the duty regime has presented an unfair advantage to companies operating from Francophone West Africa that still benefited from duty and quota-free on exports in Benin.
The duty regime took effect seven months ago. The move has also forced Ghanaian manufacturers dealing with plastic pipes, paints, aluminium products, cooking oil, among other products to halt exports to the Benin market until further notice.
According to reports by a local daily, the affected manufacturers, led by the Ghana National Chamber of Commerce and Industry (GNCCI) reported the situation to the Ministry of Trade and Industry (MoTI) and the Ministry of Foreign Affairs and Regional Integration (MoFARI).
Reports further indicate that Ghana petitioned the ECOWAS Commission for …
The presence of China in Africa has increased rapidly over the years, as measured by the number of Chinese living in Africa, or the quantity of trade, aid and investments.
However, the presence of the Chinese in Africa has caused an uproar, with some people claiming that they have been grabbing land in Africa.
This, according to reports, has been necessitated by the willing of African leaders to sell land to the Chinese, when Africans are not allowed to purchase the same in China.
A video posted on YouTube by one of the Africans has highlighted how the Chinese are easily owning property in Africa when Africans are prohibited from buying the same in China.
The video seen by this writer, on a YouTube channel dubbed United States of Africa, highlights some of the reasons why the Chinese own apartments in Africa, while Africans are not allowed to make a
… 
A precious stone known for its rarity and brilliance, this blue gem is found solely in one place in the entire world: Tanzania, the country it was named after. Now the Swiss luxury brand Bernhard H Mayer (BHM), which offers high-end handcrafted timepieces and precious jewelry through direct selling company QNET, features Tanzanite in its newest collection.
Described as ‘a geological phenomenon’, Tanzanite is considered a thousand times rarer than diamonds. The name reflects the gem’s limited geographic origin, as all the mines are located in an area of about eight square miles near the base of Mount Kilimanjaro.
As Tanzanite mining is under strict control, legitimate marketers such as QNET have stepped into partner with the Responsible Jewelry Council (RJC) to ensure that all their jewelry products are ethically sourced. The RJC seeks to reduce unlawful mining practices and improve greater efficiency in the mining supply chain traceability.
QNET …
Economic activities in Ghana are expected to strengthen faster after the rollout of Covid-19 vaccines, experts have said.
Boost confidence
Speaking in an exclusive interview with one of the leading local dailies, economic analysts noted that vaccinating people would boost the confidence of businesses and consumers.
This, according to them, will enable people to carry out their activities as they explore new business avenues for a faster recovery of the economy.
Professor Peter Quartey and Dr Said Boakye while giving their insights argued that Covid-19 vaccines rollout would also boost the confidence of business partners abroad to open up or increase trade to the country.
The government, the experts say, should set economic growth for this year to between 4.5 and five per cent on the back of the positive impact of the vaccine rollout on gross domestic product (GDP) growth.
They were giving their insights on the impact of …
