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Industry and Trade
- Africa’s Digital and Technology experts are gearing up for the highly anticipated 8th edition of Digital and Technology Week (DTW), set to unfold from the 4th to the 6th of December 2023 in Nairobi, Kenya.
- The event, organised by Go Gaga Experiential, aims to provide unparalleled industry insights, explore emerging trends, and accelerate growth within the sector.
- This three-day conference will bring together Corporates, Agencies, Government entities, Media, and Technology companies, both local and international, to deliberate on the rise of digital technologies and their societal impact. Moreover, the event will culminate in an award ceremony celebrating the 7th Edition of the Digital Media Awards (DMA).
Africa’s Digital and Technology experts are gearing up for the highly anticipated 8th edition of Digital and Technology Week (DTW), set to unfold from the 4th to the 6th of December 2023 in Nairobi, Kenya. The event, organised by Go Gaga Experiential, aims to …
- IFAD together with governments, partners and stakeholders are exploring solutions to optimize the contribution of agriculture to nutrition in food systems.
- Africa still experiences a malnutrition burden among children aged under 5 years.
- The continent’s food security challenges are compounded by the war in Ukraine, by supply chain shortages, conflict, and drought.
A regional knowledge and experience-sharing workshop that addresses nutrition, rural development and food system transformation began today in Abidjan, Côte d’Ivoire. Improving food and nutrition security in West and Central Africa (WCA) is crucial. It is estimated that 29.8 per cent of the population of West Africa and 13.9 per cent of the population of Central Africa are undernourished.
For three days, representatives of rural development projects co-financed by the International Fund for Agricultural Development (IFAD) together with governments, partners and other stakeholders will explore solutions to optimize the contribution of agriculture to nutrition in the context …
- For African universities, governments and businesses, 5G Tech Spaces are part of the solution to enable Africa to leapfrog with clean innovation.
- Africa’s climate finance inflows remain very low, at 3 percent of global climate finance.
- The continent requires as much as $2.8 trillion through 2030 to implement its climate commitments.
Africa’s most renowned universities are keen to be at the forefront of Research, Innovation and Outreach (RIO) of technologies, products, services and operating models that reduce CO2 emissions and help attain Net Zero Emissions (NZE).
To achieve this, the gap between rhetoric and action needs to be reduced, if we are to have a fighting chance of reaching Net Zero by 2050 and capping the rise in global temperature at 1.5 °C in full attainment of the Paris Agreement.
Africa produces only about 4 percent of the world’s emissions, but is disproportionately vulnerable to the impact of climate change. …
- The Nigeria-Saudi Business Council could see the Middle Eastern country fund several sectors of the West African economy.
- Through the council, the Kingdom of Saudi Arabia plans to replicate various investments made in Pakistan, Indonesia, and India in Nigeria.
- Africa has increasingly become the subject of high competition between global economic powers.
Nigeria anticipates multi-billion-dollar “immediate” investment flows from the Kingdom of Saudi Arabia. This follows the signing of an agreement between the countries to establish a business council. The Nigeria-Saudi Business Council could see the Middle Eastern country fund several sectors of the West African economy. These include technological advancements, telecommunications, energy, oil and gas, and agriculture.
The two countries resolved to restore the Nigeria-Saudi Business Council. Crown Prince Mohammed bin Salman Abdulaziz proposed the Business Council in 2019. However, the former president of Nigeria, Mahammadu Buhari, resisted the council.
“We expect to see significant investment flow immediately,” Abubakar …
- African economies are susceptible to global shocks and liquidity constraints due to overreliance on natural resources, delegates at Trade and Investment Conference of IATF2023 told.
- However, the African Continental Free Trade Area (AfCFTA) has the potential to break the continent’s colonial legacy of exporting raw materials and importing finished goods.
- The trade plan offers huge trade opportunities in manufacturing, export development, SME promotion, and trade in services.
The African Continental Free Trade Area (AfCFTA) has the potential to break Africa’s colonial legacy of exporting raw materials and importing finished goods. This assertion is according to Jean-Louis Ekra, Deputy Chairperson of the Intra-African Trade Fair (IATF2023) Advisory Council and a former President of the African Export-Import Bank (Afreximbank). Ekra made these remarks as the Trade and Investment Conference of IATF2023 got underway in Cairo.
In his opening statement, Mr. Ekra highlighted the unsustainability of African economies relying on natural resources and …
- In Nairobi, delegates from 170 countries are convening for the initial discussion on a draft treaty released in September, outlining various approaches to address plastic pollution.
- Norway and Rwanda are spearheading the “high ambition coalition” that seeks to eradicate plastic pollution by 2040.
- Oil-rich Saudi Arabia is at the forefront of a coalition comprising countries with massive petroleum industries. This group is leaning towards setting priorities on recycling and waste management.
Delegates from 170 countries worldwide are gathering in Nairobi from November 13th to 19th to negotiate plans aimed at eradicating global plastic pollution. This assembly brings together petrochemical multinationals, environmentalists, and policymakers for their inaugural discussion on the draft language of the treaty. It is the third session within a condensed schedule of five meetings, all aiming to finalize negotiations by the conclusion of 2024.
“African countries should lead the way in fighting plastic pollution” remarked UNEP Executive Director …
- The Kenyan Government has announced plans to develop a circular economy strategy to guide the nation’s transition to circularity.
- With the circular economy, Kenya can drive the optimization of resources, reduce the consumption of raw materials, and recover waste by recycling or giving it a second life as a new product.
- However, Kenya is facing significant challenges in adopting circularity, including limited waste collection and recycling infrastructure.
The Kenyan Government has announced plans to develop a circular economy strategy to guide the nation’s transition to circularity. In a statement during the Annual Circular Economy Conference, the Cabinet Secretary for Environment, Climate Change, and Forestry, Soipan Tuya, said that with the circular economy, the country can drive the optimization of resources, reduce the consumption of raw materials, and recover waste by recycling or giving it a second life as a new product.
Strategy helps eliminate greenhouse gases
“Circular Economy is …
- Tanzania will export liquified natural gas through the pipeline to Uganda
- Tanzania will build several plants along the route for domestic use of the gas
- Uganda plans to use the gas for power generation, especially for its iron mining projects
Tanzania and Uganda signed a deal finalising the 2018 MoU on joint natural gas pipeline construction. Tanzania’s Deputy Prime Minister Doto Biteko and his Ugandan counterpart, Minister of Energy and Mineral Development Ruth Nankabiriwahe, signed the deal on November 9
The 1800-kilometre pipeline will run from Tanzania’s southern regions of Lindi and Mtwara to Uganda’s capital, Kampala. This will be the first trans-border gas pipeline in East Africa and is expected to boost economic growth in both countries significantly. The multimillion-dollar project will create jobs along the construction route in both countries.
No official figures have been made public regarding the project’s total value or where the funding will come …
