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- Wärtsilä Energy offers tips on how Africa can navigate energy transition and grid reliability
- Powering Africa: Africa’s Path to Universal Electricity Access
- Global investment trends at AIM Congress 2024: a spotlight on the keynote speakers
- South Africa’s deepening investment ties in South Sudan oil industry
- 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
Industry and Trade
- South Africa’s Strategic Fuel Fund (SSF) operates Block B2 in South Sudan in collaboration with Nilepet.
- The company has just completed a major phase of its oil and gas exploration in Jonglei state.
- SSF recently completed undertaking the largest geophysical survey ever done in South Sudan, covering 47,000 square kilometres.
In a move marking the strengthening bilateral relations between South Africa and South Sudan, the Strategic Fuel Fund (SFF), South Africa’s state-owned petroleum company, convened a key meeting with South Sudan’s national oil company, Nilepet, in Juba last week.
The meeting was a highlight of South African President Cyril Ramaphosa’s state visit, underscoring the growing economic ties between the two nations.
The SFF, which operates Block B2 in South Sudan and collaborates with Nilepet through the Nile Orange joint venture, has recently completed a major phase of its oil and gas exploration campaign in Jonglei state. The initial aerial survey …
- Africa’s agribusiness sector is undergoing significant transformations driven by population growth, urbanisation, technological advancements, and shifting consumer preferences.
- Alongside their role in stimulating economic growth, agribusiness and agro-industrial development have the potential to reduce poverty and foster social and economic growth.
- Technological advancements and digital transformations are revolutionising agribusiness in Africa, offering transformative opportunities.
Africa’s agribusiness sector potential
Agribusiness in Africa is undergoing significant transformations driven by population growth, urbanisation, technological advancements, and shifting consumer preferences. As a continent with abundant agricultural resources, Africa holds immense potential for agribusiness development.
African economic growth remains commodity-based, mainly on commodity exports, with minimal processing and value addition involved. To foster sustainable and inclusive growth and development in Africa, there is an urgent need to promote a new development approach based on exploiting the continent’s full agribusiness potential.
Some pressing issues call for a reorientation to support agribusiness and agro-industrial development, namely, poverty …
- The key highlight of the AIM Congress 2024 is the Investment Awards, scheduled for the opening day, May 7th.
- These awards celebrate top direct investment (FDI) projects from around the globe.
- The awards underline the diverse ways investment can contribute to economic progress with categories ranging from Innovation and Research to Sustainability and Local Linkages.
As the global investment contours keep evolving, the AIM Congress 2024 is taking shape as a critical platform to foster global investment innovations and sustainability.
Set to convene in Abu Dhabi from May 7-9, the Annual Investment Meeting (AIM) Congress promises to be a crucial gathering for driving the new dynamics of economic resilience and growth.
This year’s congress theme, “Adapting to a shifting Investment Landscape: Harnessing New Potential for Global Economic Development,” aptly captures the current global challenges and the opportunities they present. Under the banner “Resilient Sustainable Economic Growth–Creating a Healthy and Prospective …
- AfDB signs a risk facility worth over $150 million to boost financial inclusion.
- Survey shows risk-supported Commercial Banks in Africa can play a key role in poverty eradication.
- Increased access to capital loans will help lower-income families increase their household earnings
To boost intra-Africa trade in line with the aspirations of the African Continental Free Trade Area (AfCFTA), the African Development Bank Group has approved a $150 million risk facility.
The funding will be through the Trade Finance Unfunded Risk Participation Agreement, a deal which has been entered between the African Development Bank (AfDB) and the Trade & Development Bank (TDB).
Under this agreement, “the AfDB will provide guarantee cover of 50 per cent and up to 75 per cent for transactions in low-income countries and transition states on a risk share basis with TDB to a number of qualifying local and regional banks,” the bank states.
In this first …
- Expensive loans remain a significant issue across populations engaged in agriculture in Nigeria, Tanzania and Zambia.
- A report by the Alliance for Green Revolution in Africa (AGRA) says capital injection is a significant strategy agribusinesses use to survive.
- Moreover, agribusinesses face high operational costs from fuel prices and low-profit margins driven by currency devaluations.
The lack of agriculture-friendly financial systems saw agribusinesses turn down expensive loan options in the market, with only 15 per cent taking on commercial capital in 2023 and the rest sourcing capital from friends, family and their business savings.
The incentives by the government channelled towards agriculture failed to adequately cushion Agribusinesses from economic shocks, a new report by Alliance for Green Revolution in Africa (AGRA) has revealed.
The African Agribusiness Outlook survey is conducted annually to gain insights into the sector’s top priorities, how they address challenges, and what SMEs see as opportunities.
A reflection …
- Mastercard and the Uganda Ministry of ICT and National Guidance have signed an MoU that will support digital innovation
- The agreement will accelerate the adoption of digital solutions in the country aimed at enhancing government services.
- The deal is aligned with Uganda’s push for digital Innovation
Mastercard and the Uganda Ministry of ICT and National Guidance have signed a Memorandum of Understanding (MoU) to accelerate digital innovation and transformation across the country.
This collaboration marks a significant milestone in the implementation of the ‘Digital Uganda Vision’, aimed at driving socio-economic development, enhancing services, and driving financial inclusion.
The signing of the MoU was witnessed by Chris Baryomunsi, Minister of ICT and National Guidance in Uganda, and Victor Ndlovu, Director and Business Development Lead for East Africa at Mastercard.
The agreement is aligned with Uganda’s digital transformation goals laid out in their Digital Uganda Vision. This vision will empower …
- Less than half of media industry CEOs are optimistic that 2024 will be a good year
- 12 per cent of the media industry CEOs expressed low confidence
- Slowing in subscription growth – as well as increasing legal and physical harassment also tops media industry CEO’s worries
Less than half of media industry CEOs are optimistic that 2024 will be a good year for the industry reeling from the changing business models.
An estimated 47 per cent of editors, CEOs, and digital executives say they are confident about the prospects for journalism in the year ahead, with around four in ten (41 per cent) uncertain, and 12 per cent expressed low confidence.
The rising costs of running media organisations, declining advertising revenue, and a slowing in subscription growth – as well as increasing legal and physical harassment, are among the top concerns of media executives.
The report titled Journalism, Media, and …
- The ambitious Dubai Real Estate Vision 2040 is set to propel the UAE real estate sector towards a revolutionary expansion period.
- The International Property Show stands at the vanguard of this dynamic market, offering a platform for local and international exhibitors to unveil their latest projects and forge connections.
- Through improvements to transportation and social infrastructure, the Master Plan is anticipated to open up numerous economic opportunities, especially in the real estate sector.
Dubai Real Estate Vision 2040 Going Global
Dubai’s International Property Show (IPS) marks its 20th edition, indicating the city’s unyielding allure in the global real estate arena. This prestigious event, inaugurated by His Excellency Engineer Marwan bin Ghalifa, is a showcase and a confluence of innovation, opportunity, and vision, reflecting Dubai’s ambition and strategic trajectory towards the Dubai Urban Plan 2040.
Dubai’s real estate sector is experiencing a vibrant upswing, characterized by robust growth across all domains—residential, …
- Tanzania’s Mining Act, which governs the exploration, extraction, and processing of minerals, is crucial in shaping the industry’s landscape.
- Since gaining independence, Tanzania’s approach to mining legislation has evolved significantly.
- The Mining Act in place today in Tanzania was designed to create a conducive environment for mining investments while safeguarding the nation’s interests and promoting sustainable development.
Tanzania’s mining sector is a significant pillar of the economy, contributing to the country’s GDP, employment, and foreign exchange earnings. The Mining Act, which governs the exploration, extraction, and processing of minerals, is crucial in shaping the industry’s landscape.
Over time, evolving challenges and the dynamic global mining environment have necessitated periodic reviews and amendments to this legislation. The latest proposed bill seeks to amend the Mining Act to address current issues, enhance sector governance, and ensure the sustainable development of Tanzania’s mineral resources.
Historical Context and Evolution of Mining Legislation in Tanzania
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