Africa’s Development

Potential of renewable energy in Africa. www.theexchange.africa
  • Africa is heavily dependent on fossil fuels, which not only contribute to climate change, but also make the continent vulnerable to price fluctuations in the global oil market.
  • Renewable energy projects in Africa, such as solar and wind power, are starting to gain momentum and are showing great promise as a solution to these challenges.
  • Investing in renewable energy in Africa not only helps to address these challenges, but also brings a host of benefits.

As the world continues to shift towards a more sustainable future, Africa is emerging as a key player in the renewable energy sector. With vast stretches of land and abundant sunshine, Africa has the potential to harness the power of the sun and wind to generate electricity, creating economic opportunities and reducing dependence on fossil fuels.

Currently, Africa’s energy sector faces significant challenges. Many countries in the region lack access to electricity, with nearly 600 …

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  • The African diaspora is a diverse group, with communities found in countries all over the world, including the Americas, Europe, and Asia.
  • The African diaspora can contribute to Africa’s GDP and development through investment, remittances, and the transfer of skills and knowledge.
  • Diaspora investments also add significant value to African enterprise. The World Bank records over US$80 billion sent to and within Africa in 2020.

The African diaspora, the dispersal of people of African descent throughout the world, has had a significant impact on both Africa and the African diaspora communities. The transatlantic slave trade, colonialism, and other historical events have led to the dispersal of millions of people of African descent throughout the world. The experiences of people of Africans in diaspora communities have been shaped by these historical events and continue to be felt today.

The African diaspora is a diverse group, with communities found in countries all …

If fully implemented, AfCFTA could speed up wage growth for women and lift 30 million people out of extreme poverty by 2035, the World Bank report has found.

An article by Namibia Economist, dated July 29, 2022, suggests that achieving these gains will be particularly important given the economic damage caused by the COVID-19 pandemic, which is expected to cause up to US$79 billion in output losses in Africa from 2020.

  • Real income gains from full implementation of the AfCFTA agreement could increase by 7 per cent, or nearly US$450 billion by 2035.
  • AfCFTA would significantly boost African trade, particularly intra-regional trade in manufacturing.
  • Manufacturing exports would gain the most, 62 per cent overall, with intra-Africa trade increasing by 110 per cent and exports to the rest of the world rising by 46 per cent.

COVID-19 has caused major disruptions to trade across the continent, including critical goods such as…

  • Rwanda will receive two loans amounting to $180 million from the African Development Bank 
  • The funds will support a major energy project that will extend electricity access to rural areas and reduce greenhouse gas emissions
  • It entails the construction of over 1,000 km of medium voltage and 3,300 km of low voltage lines to boost last-mile access
  • The project is expected to connect 77,470 households to the electricity network for the first time and connect 75 schools, eight health centres and 65 administration centres

Rwanda will receive two loans amounting to $180 million from the African Development Bank (AfDB) to co-finance a major energy project that will extend electricity access to rural areas and reduce greenhouse gas emissions.

In a statement seen by The Exchange Africa, the AfDB said the new funding follows the approval for $84.2 million made in May 2021 for the same project.

According to the lender, …

Japan, through this meeting, targets to affirm the cooperation between Japan and African countries. The conference has been in place since 1993, co-hosted by United Nations(UN), United Nations Development Programme (UNDP), World Bank and African Union Commission (AUC).

TICAD8 will happen in the Republic of Tunisia, the second country in Africa to host the meeting after Kenya in 2016. During the TICAD6 meeting that was held at the Kenyatta International Convention Center in Nairobi, Kenya, Japan pledged to invest US$30 billion in Africa: US$10 billion in infrastructure growth, while an extra US$20 billion will be invested by Japan’s private sector.

In TICAD6, more than 6,000 people participated in the conference, including 22 presidents, two prime ministers, hosted by the Government of Kenya and co-organized by the Government of Japan, the United Nations Development Programme (UNDP), the World Bank, the African Union Commission (AUC) and the UN Office of the Special …

Another study by PureProfile, an advertising agency company, surveyed investors responsible for around US$700 billion assets under management. The results showed that twenty-five per cent of investor managers expect Africa’s internet industry to increase by 51 per cent in the next three years.

Over 71 per cent of professional investors expect the affordability of mobile phones in Africa to improve by 2025. Currently, the mobile phone economy accounts for an average of 6.8 per cent of monthly incomes. Ninety-seven per cent of all professional investors believe that the Coronavirus pandemic has accelerated the demand for mobile phones.

World Mobile is compounding its unique hybrid mobile network supported by low altitude platform balloons in Zanzibar, which it plans to roll out throughout the continent. The company is already in discussions with government officials in Tanzania, Kenya, and other territories underserviced by traditional mobile operators.…

Nairobi needs a few changes in transport. First of all, the Central Business District should be free of Matatus. This means of transport is as old as independent Kenya and on a good day, ferries 80 per cent of Nairobi dwellers. It also racks millions in income both for individuals as well as taxes. However, the industry makes the city lose more than it makes.

Matatus are known for breaking all transport rules including double parking, blocking lanes and sometimes harbouring criminals. It costs even more money to position policemen and county government officers to reinforce discipline.

Trams and light rails have always been mooted. However, the cost and time for this have made the idea be delayed. Creating circular high capacity-bus trips commonly known as Bus Rapid Transport (BRT) system in key roads around the CBD and fed by well-positioned termini from the estates will ensure that there is …

  • Tropical storm Ana in January 2022 affected 180,869 people, injured 207 people, killed at least 38 people and flooded a total of 70,982 hectares of land.
  • In two weeks, Madagascar, the most cyclone exposed country in Africa, experienced both Ana and Batsirai cyclones.
  • The strength of Cyclone Batsirai could increase and spread to other countries in the Southern Indian Ocean.

Several cyclones, from Cyclone Ana, Batsirai, Idai, Eloise, Kenneth and Tropical Storm Chalane, have tormented the southern part of the African continent – from South Africa, Mauritius, Madagascar, Mozambique, Malawi and Zimbabwe.
A cyclone is a tropical storm with heavy winds rotating inwards to an area of low pressure. An anticlockwise circulation occurs in the northern hemisphere, while a clockwise circulation happens in the southern hemisphere.
The frequent occurrence of these storms indicates the heightening effects of climate change in the southern region of Africa and the world at large. …

Findings show that increasing costs in every market due to a year of supply disruption did not deter data centre demand in most markets including Nairobi and Johanessburg.

The two African capitals were among 44 other locations that were surveyed. 

According to the study, despite the negative impact of the coronavirus pandemic, demand remained relatively steady when compared to other industries owing to governments’ decisions to make working and schooling from home mandatory. …