Unemployment remains one of the biggest socio-economic challenges in current times. This has been made worse with the recent hit that countries have experienced due to the global pandemic that has significantly slowed down the growth of economies across the globe.  

Many people have lost their jobs while others have had their salaries reduced; all of this is putting pressure on employees to meet the expenses and demands of basic living. This is why people are now turning to entrepreneurship to make a living or expand their income by running a ‘business on the side’. Our Reporter Kawira Mutisya has researched and come up with several pointers on what makes an entrepreneur. These should play a role in guiding those just joining the bandwagon.   …

While insurers have been able to absorb the underwriting impacts of large loss events such as COVID-19, the impact on insurance companies’ profitability is still uncertain. 

This is according to a recent report by Deloitte, which states that despite the efforts put in place by governments to cushion the public from the adverse economic effects of the pandemic, the outlook on long-term impacts and recovery from the pandemic is still uncertain as it will take time for businesses to recover.  

“With stock markets showing declines in performance and flattening yield curves, insurers are set to experience poor performance in their investments and this will flow through to their bottom line results.”  …

Africa is poised to overtake highly populated continents like Asia in terms of population growth. Along with rapid urbanization, the burgeoning population creates an urgent need to find solutions for growing energy demands. As the population grows, demand for fuel and energy to power movement, urban lifestyles, cooking, heating, and refrigeration will catapult in tandem.

This positions the continent as a significant demand hub for energy solutions like gas, oil, and electricity, which has answered the needs and demands of home use. In addition to the demand for energy use in the home, there is a growing need for industrial and manufacturing energy solutions. The advent of Africa’s free trade area is set to propel industrial output by creating synergies and opening up the broader market.…

The African continent is wealthy with vast mineral resources, which are 30% of the world’s total mineral reserves. Ninety percent of the world’s platinum and chromium reserves are found in Africa.

Sixty percent of the world’s arable land is located in Africa, which spells much potential for agriculture. Africa also boasts of many tourist attractions, including the majestic Victoria Falls, World Heritage Sites such as the Egyptian pyramids, as well as the numerous game reserves, to mention a few. This is in addition to the rich African culture as well as the diverse ethnic groups with over 1500 languages. It is the world’s second-largest and second most-populous continent. 

Despite lying on a rich bed of resources, both natural and human, the narrative about Africa remains that of the poorest of the poor. 

Changing the narrative

For a long time, the narrative of Africa as an impoverished continent has …

The African Union (AU) has been conducting an initiative subbed ‘Silencing the Guns’ that is meant to fight illicit financial flows (IFFs).

Just so we are on the same page, illicit financial flows refer to the illegal movement of money from one country to other various channels including but not limited to tax fraud, money laundering, and other criminal activities.

Now, here is who, what, and how of the matter, but not in any particular order.

How grave is this IFF problem? Every year, Africa is robbed of a shocking $50 billion to IFF. Describing the annual illicit outflow as staggering losses to the continent, UN Deputy Secretary-General Amina Mohammed said;

“These flows pose a threat to stability and security in African countries, undermine institutions and democracy, and jeopardize sustainable development and the rule of law.”

The United Nations Conference of Trade and Development 2020 report placed the IFFs losses …

The third cohort of the One Planet Fellowship has been announced. The fellowship under investing in the next generation of African scientists, African Women in Agricultural Research and Development (AWARD) targets high potential scientists in a career acceleration process.

According to a statement from the firm, the US$19.2 million One Planet Fellowship seeks to invest in over 630 agricultural scientists, fostering their leadership expertise, strengthening their research skills, including integrating gender into their work, and catalyzing partnerships in Africa and between Africa and Europe. Since launching the inaugural call in 2019, AWARD has received over 2400 applications and, to date, 89 outstanding scientists from 14 African countries have been offered the One Planet Fellowship.

Selected candidates participate in an intensive, three-year non-residential, career acceleration process and those who complete it will become One Planet Laureates. “The One Planet Fellowship has made me appreciate the critical role of women in science …