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- Agribusiness could drive Africa’s economic prosperity
- Dawood Al Shezawi: Why AIM Congress 2024 is the epicenter of global economic and cultural dialogues
- d.light’s 600,000 cookstoves project verified as top source of quality carbon credits
- Artificial intelligence (AI) could create a turning point for financial inclusion in Africa
- AIM Congress 2024: Catalysing global investments with awards
- Kenya’s economic resurgence in 2024
- The most stressful cities to live in 2024 exposed
- Tech ventures can now apply for the Africa Tech Summit London Investment Showcase
Africa
- Global verification body Verra certifies d.light’s clean cookstove projects in Kenya, Uganda, and Nigeria.
- Initiative to distribute 600,000 clean cookstoves, which are now verified by leading certifiers as a trusted source of high-quality carbon credits.
- Launched in 2022, these projects have already positively impacted over one million lives and are on track to transform the lives of three million people by 2025.
d.light’s clean cookstove initiatives
In a landmark move that helps advance the journey towards sustainable development and environmental health in Africa, d.light, a firm that provides innovative solutions for low-income households, has achieved a milestone with its projects receiving certification from Verra as a trusted source of high-quality carbon credits.
This certification marks d.light’s clean cookstove initiatives in Kenya, Nigeria, and Uganda as crucial players in the voluntary carbon markets (VCMs), aiming to reduce carbon emissions, combat indoor air pollution, and curb deforestation.
Addressing environmental challenges, and earning
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- Exclusive pre-congress workshop launched to elevate startups for the global stage
- This year’s startup competition has attracted entrants from 53 countries.
- With cash prizes amounting $60,000, the stakes are high for participants to showcase their innovations.
As the global business community looks forward to the AIM Congress 2024, an exclusive startup workshop has been announced to prepare tech entrepreneurs for the grand stage.
Scheduled for May 7-9, the AIM Congress is set to be a pivotal gathering for industry leaders, policymakers, investors, and innovative startups under the theme “Adapting to a shifting investment landscape: Harnessing new potential for global economic development.”
In preparation for this landmark event, AIM Startup, in partnership with Bloom, is organizing a preparatory workshop designed to hone the skills and strategies of promising tech entrepreneurs. The workshop, aimed at empowering participants to maximize their impact at the congress, is part of a broader initiative by …
- In 2024, diversification of your crypto portfolio remains a fundamental principle for managing risk and maximizing returns.
- Understanding how to build an optimal investment portfolio and monitor its effectiveness is crucial for both experienced investors and newcomers.
- A well-diversified crypto portfolio typically includes a mix of traditional and alternative assets such as stocks, crypto assets, real estate and cash.
Diversification in the crypto world is not just a smart move; it’s a necessity. As the digital currency market evolves rapidly, its risks multiply. Understanding how to build an optimal investment portfolio and monitor its effectiveness is crucial for both experienced investors and newcomers. Here’s a guide to crafting a well-balanced crypto portfolio in 2024.
Diversification in the Crypto World
In today’s dynamic financial environment, investing in cryptocurrencies offers enticing opportunities but also carries inherent risks. Diversification, a fundamental concept in risk management, plays a pivotal role in safeguarding investments against …
- Kenya is among the top three countries receiving the most international remittances across sub-Saharan Africa, after Nigeria and Ghana. Overall, the US, Saudi Arabia and UK account for nearly three-quarters of total annual inflows into Kenya.
- Kenyans living abroad sent home $357 million in March 2023, a 15.5 percent increase compared to February.
- As a whole remittances from the African diaspora are estimated at $95.6 billion annually, making it a key foreign exchange earner.
Diaspora remittances have risen to become Kenya’s largest foreign exchange earner, surpassing the country’s key exports such as tourism, tea, coffee and horticulture. According to Central Bank of Kenya (CBK) data, diaspora remittances rose by 8.34 percent to $4.027 billion in 2022. In the same period under review, tea exports earned the country $1.2 billion, horticulture $901 million, chemicals $521 million, coffee $301 million and petroleum products $77 million. The widening disparity highlights the crucial role …
- Artificial Intelligence (AI) has the potential to revolutionize Africa’s climate-smart agriculture initiatives.
- Nigeria’s Data Science Centre in Lagos projects to train over one million Nigerians in data science by 2027.
- Rwanda is looking to invest $76.5 million over the next five years in setting up comprehensive AI ecosystem.
Across Africa, an increasing number of countries are embracing Artificial Intelligence (AI) investments. AI is programming that provides machines the ability to think, learn and act on their own.
In 2014, Africa Heads of State from 32 countries signed what has now become known as the Smart Africa Alliance. The deal was dedicated to identifying priorities and stimulating investment in AI-powered investments.
Through the alliance and with the backing of Facebook and Google, the African Institute of Mathematical Sciences has launched a master’s degree in AI. Since then, all around Africa, nations are embracing and investing in AI technologies.
African countries are
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- Grey’s expansion in the East African Market follows $2 million seed funding of the West African company.
- Grey CEO AIdorenyin Obong says the Kenya office will help the firm navigate its planned operations across East African Community.
- The company has also privately launched Grey Business, a borderless business banking for startups.
Nigerian Fintech startup Grey has picked Kenya as its East African hub as it expands operations into the largest economy in the East African Community. The move follows $2 million seed funding the West African company raised as it eyes Uganda and Rwanda in the near future.
Already, the firm’s platform is live in Tanzania and Kenya with over 300,000 users. Grey CEO AIdorenyin Obong says opening offices in Kenya will help the firm navigate the markets in the East African Community.
“Kenya’s Diaspora remittance is very vibrant as remittance inflows to Kenya have increased tenfold in the last …
- DR Congo’s top government officials woo UAE investors at the Annual Investment Meeting 2023 in Abu Dhabi.
- From mining to agriculture to energy DR Congo is the global centre of billion-dollar focus sectors.
- In February 2022, logistics giant DP World started the construction of Banana Port, near Kinshasa.
DR Congo is inviting investors from the United Arab Emirates to bet big on the country’s vast investment opportunities. From mining to agriculture and fishing, to health, DR Congo is the global centre of billion-dollar focus sectors. DRC is the second-largest country in Africa with vast deposits of natural resources.
Speaking at the ongoing Annual Investment Meeting 2023 in Abu Dhabi, top government officials from DR Congo said the country’s ongoing legal and tax reforms are making the country ready for business.
The Annual Investment Meeting has attracted participants from 170 countries for its 12th edition in Abu Dhabi city, UAE.
At …
- A new $273,716 Growth for Jobs Tourism Challenge Fund seeks to grow South Africa’s tourism numbers by engaging SMEs.
- The fund will support regional and local tourism organisations, industry associations, and district and local authorities
- The target SMEs are expected to grow and expand their tourism product offerings.
South Africa has lined up a $273,716 fund to empower small businesses in the tourism sector to enhance their offerings. The $273,716 Growth for Jobs Tourism Challenge Fund will grow South Africa’s tourism numbers through local small businesses.
Minister of Finance and Economic Opportunities Mireille Wenger said the fund will power the sector’s future growth by removing barriers.
“Our tourism and hospitality sector was hit hard by the COVID pandemic. But, it has seen a remarkable recovery with international arrivals reaching 100 percent of their 2019 figures in February this year,” she noted.
Wenger added that this would be achieved by helping …
In the last 20 years, Africa’s external debt has grown fivefold to about $700 billion. According to Chatham House, a policy centre in London, Chinese lenders account for about 12 per cent of that amount. As of November 2022, the International Monetary Fund (IMF) and the World Bank considered 22 low-income African countries to either be in debt distress or facing potential external debt distress.…
