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As Africa’s role in the global economy continues to garner prominence, it’s imperative for the continent to seal the gaping hole in its power supply.
Lack of universal power access remains a major roadblock that has retrogressed industrialization and socio-economic development. Statistics from the World Bank indicate that Africa remains the least electrified region in the world, with 568 million people lacking access to electricity.
The Bretton Woods institution, further notes that the Sub-Saharan Africa’s share of the global population without electricity, jumped to 77 per cent in 2020 from 71 per cent in 2018, whilst most regions saw declines in their share of access deficits. It has become a Hobson’s choice for African governments to prioritize the power sector, which is the epicenter of industrialization, working towards Goal 7 of the UN SDGs; which advocates for universal access to affordable, reliable and modern electricity services.
Currently, Africa’s power is …
- Banking industry in South Africa staged a strong come back in 2021 in report by PWC.
- Banks enjoyed supportive credit conditions in the economy of South Africa.
- Banking industry is widely seen as a proxy of the general economy in South Africa
- South African economy has returned to pre-pandemic levels as evidenced by the financial performance of banks according to PWC
The banking industry in South Africa is in for good times according to a report by PWC. The banking industry sector analysis and report by the global management consulting firm published in March 2022 reports that the major South African banks delivered strong financial performance against what PWC described as “supportive conditions”.
The banking industry had combined headline earnings of ZAR 86.8 billion which represented a 99% increase from 2020 financial year levels. Banks had a combined return on equity (ROE) of 15.9% compared to 8.3% achieved in 2020, …
- Smart Africa represents over 815 million people and more than 40 Private Sector members committed to Africa’s vision and advancement.
- The Annual Investment Meeting (AIM) tops in platforms offering a powerful and flexible combination of virtual and live environments in the world.
- The International Telecommunication Union reports that an increase of 10 per cent of broadband connectivity results in an increase in the GDP per capita by 2.5 per cent.
Smart Africa and the United Arab Emirates’ Annual Investment Meeting (AIM) have reached a Memorandum of Understanding to stimulate Africa’s digital transformation investment.
The signed partnership opens an avenue for Smart Africa and AIM to collaborate on future core events to promote dialogue that will create progressive development agenda.
Who is Smart Africa?
Smart Africa is an association created by the head of States in Africa, global organisations and international private sectors that target revolutionising Africa’s digital platform. …
According to the Business Wire report of 2021, South Africa generates up to 108 million tonnes of annual waste, about 90 per cent of this which ends up in landfills. The problem is that landfills are projected to be full in a few years to come.
The national waste management strategy gazette by the government in 2020 gives a clear direction on how to acquire raw products for metal products and how to even trade the final products.
The producer’s responsibility scheme hold the manufacturers responsible for their products and packaging to the end of their life cycle.…
The South African solar photovoltaic (PV) market is increasing exponentially.
Solar Power Market outlook expects the solar market to register a CAGR of over 10 per cent from 2021 – 2026, reaching an installed capacity of more than 3.6 GW by 2026, up from 1.48 GW in 2019.
Solar power production in South Africa comes when the country is aligning to reduce carbon emissions through a transition from coal to other clean energy sources. This step is not an easy fit.…
The company, founded in 2012, launched its online food ordering platform in 2013. In 2015, it launched its on-demand fast-food delivery app, becoming the first in South Africa to offer this service.
However, in 2020, Orderin officially shut down its consumer business. The brand relaunched last year as a B2B service, following successful projects helping other businesses develop their own delivery services.
The firm has provided delivery services for the likes of McDonalds and Pick n Pay.…