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- Africa’s new dawn: the rising role of digital and AI in agriculture
- Can Dangote Refinery Transform Africa Energy Ambition
- Gallup Survey: 80 per cent of Kenyan Workers Are Disengaged and Seek New Opportunities
- Madagascar Man Freed from 5KG Tumor After 15-Year Struggle
- How women in Africa are perceived and treated
- Sugar consumption in Kenya to Increase to 1.23 Million Tonnes
- Can Somalia and Turkey Oil deal Bring Change in Somaliland
- Remittances to Kenya dropped to $371.6 million in June, marking a six month low
Industry and Trade
- The construction took over 20 years and bears a processing capacity of 650,000 barrels per day 250,000 per day of gasoline and 100,000 of diesel.
- The Dangote oil refinery might halt the decades-long gasoline trade from Europe to Africa worth $17 billion each year.
Dangote Oil Refinery
Aliko Dangote, Nigeria’s and Africa’s wealthiest man ambition to foster energy reliance in his motherland and the region at large might be at risk. The giant oil refinery which is said to possess the potential to end decades-long gasoline trade from Europe to Africa worth $17 billion a year.
Concerns and tensions are high as a myriad of issues emerged before and since the $ 20 billion refinery came to life. According to various news reports, including the BBC and Reuters, the construction began in 2016 and started producing diesel and aviation fuel in January this year as petrol is expected to …
- Sugar consumption in Kenya is also expected to increase by 3.2 per cent this year driven by tourism and bakery
- Following the expiration of the ban in November 2023, production is expected to rebound significantly in 2024/25
- The survey also says that the growth in Kenya’s tourism sector will continue to create demand for sugar.
Kenya is expected to record a rise in sugar imports, as the effects of a ban on immature sugarcane processing kicks in, new findings have revealed. This is however expected to ease as millers ramp up their production
A report released by Fitch Solutions Company BMI and the United States Department of Agriculture shows that, the country should expect production to decrease by 32.9 per cent year on year in 2023/24 down to 530,000 tonnes from 790,000 tonnes in 2022/23.
This has majorly been attributed to the ban on sugarcane harvesting that was implemented in …
- According to the Turkish Energy Minister, Turkey will have exclusive rights for search and production when we find oil in these areas.
- Turkey and Somalia signed a defense and economic cooperation agreement during the Somali Defence minister’s visit to Ankara
- In March Somalia inked an oil and gas deal with Turkey which officials mentioned would foster cooperation in the exploration and exploitation of the deposits.
Somalia and Turkey Oil Deal
Despite being torn apart by civil war, Somalia’s geo-seismic studies have shown the war-torn country may have at least 30 billion barrels of oil and gas reserves.
Inching towards stability and fostering civil rest amid Islamic insurgents posing a threat to peace and harmony, Somalia’s newly discovered oil and gas deposits could be the nation’s breakthrough.
Although the resources take time to develop – exploration usually takes three to five years and production can only begin after the latter is …
- Burger Consumption in 2023 topped on March 10th recording the highest orders in Kenya
- Kenya ranks number in Sub-Saharan Africa for the highest number of burger orders delivered in the past 12 months.
- Chicken burgers remain the most popular, with ‘double’ burgers being the norm, and the Smash burger trend sweeping Kenya with a staggering 444 per cent growth.
Kenya has topped sub-Saharan Africa for the highest number of burger orders delivered in the past 12 months. Insights contained in Glovo’s annual report on burger consumption in Kenya show that Kenya saw a 35 per cent increase from May 2023 to April 2024.
This achievement makes Kenya the number one country in Sub-Saharan Africa for the highest number of burger orders delivered, with Nigeria and Uganda following respectively.
It also ranks Kenya second among all African markets in the number of customers with burger orders, just behind Morocco.
In total, …
- Kenyan Shilling drop to Sh100 against the dollar will mirror the pre-2020 levels
- A weak shilling means costly imports and the burden is often passed to the consumers.
- The exchange rate affects how much we earn from exports.
Kenya Shilling strengthening against the US dollar to the pre-2020 level of about 101 can only be realised sometime in September, according to market analysts.
The latest monetary update by the international research body, Economic Intelligence Unit (EIU), shows the US dollar will remain bullish against the local currencies for much longer amid the high Fed rate which will be maintained for much longer.
“The Fed cuts will come later than we previously expected,” the report reads.
“We have pushed the forecast for the date that the Fed will begin reducing its policy rate to September, from June previously, and now expect a 50-basis-point reduction before year end (from 75 basis points …
- USAID commits $4 million to fertilizer use project in Africa
- OCP Group commits another $3 million to the Rock Phosphate Amendment Project
- African Leaders sign 10-year Action Plan to revive soils through fertilizer application
Africa’s Food Security
Africa’s food security relies on fertilizer access as the answer; the population is exploding, and climate change among other factors affecting food production, will more fertilizer solve this life-threatening puzzle?
The USAID seems to think so, more fertilizer, better-improved fertilizer, more affordable (questionable), all in all, the USAID is proposing fertilizer as a key solution to Africa’s food security.
“In a landmark move for African agricultural advancement, USAID and OCP Group, the world leader in plant nutrition solutions and phosphate-based fertilizers, have partnered to tackle critical barriers hindering Africa’s agricultural potential,” announces a recent press release from USAID.
The announcement comes on the heels of a visit by USAID Administrator Ms. Samantha …
- Sustainable Agriculture Farming Practices have been identified as the only way to ensure food security in the future
- Crop Life International launched its flagship commitment, the Sustainable Pesticide Management Framework (SPMF) program in 2021
- Kenya has made significant strides in pesticide management by integrating global best practices into its new pesticide law.
Kenya is among the nine countries in the world undertaking a $13 million (Sh1.7 billion) agriculture funding program over the next five years. The funding is aimed at supporting sustainable agriculture farming practices in the selected member states mostly targeted towards reducing harm caused by pesticides.
According to Crop Life International, Kenya is among the countries that have done well in Integrating global best practices into the new pesticide law, enhancing the national poison control center, and establishing an industry-wide pesticide container management scheme with 310 collection sites.
In its latest Annual Report for its Sustainable Pesticide …
- Green Student Housing in Kenya has not received much traction in the past few years.
- Stanbic Bank Kenya and South Sudan Chief Executive Dr Joshua Oigara said that the facility is at an advanced stage.
- The lender has so far mobilised about $122 million for green or sustainability-linked facilities
Stanbic Bank and MiDA Advisors will be partnering with real estate developer Acorn Holdings, to mobilise $700 million in long-term blended finance commitments for green student housing in Kenya that are affordable.
If successful the blended finance deal would mark one of the largest impact investment transactions in Kenya, with long-term impact on job creation, sustainable housing, and education.
Upon approval, the transaction will comprise a $180 million commitment from the United States Development Finance Corporation (DFC) that will secure over $380 million in equivalent Kenyan shilling financing arranged jointly by Stanbic Bank Kenya and MiDA Advisors, and $315 million in …
- Africa must invest in human development to catch up to the Fourth Industrial Revolution (4IR).
- There is a need for policy commitment to developing Africa’s human resources.
- Investing in education is the only way Africa will catch up to the 4IR.
With the majority of its workforce unskilled, Africa is again left behind. At the same time, the rest of the World moves forth in the fourth Industrial Revolution (4IR).“African countries must support skills training and put in place the right policies to tap the benefits of the fourth Industrial Revolution,” advises Raymond Gilpin.
The economist believes that by investing in its most significant resource, Africa can strategically catch up with the Fourth Industrial Revolution (4IR).It requires dedicated policymaking focused on raising a generation of skilled labour capable of participating in and innovating digital revolutions in all sectors. By investing in transforming its human skills, Africa can …
