Thursday, April 25

Africa’s Development

Plastic pollution. Recycling funding does more to address the challenge. www.theexchange.africa
  • Leaders are meeting in Nairobi for the Eastern Africa ‘Waste is Wealth’ conference.
  • The inaugural Waste is Wealth Series is organised by Taka Ni Mali, East African Business Council, and Alliance for Science.
  • The three-day conference is themed: Promoting Effective Waste Management Practices for Environmental Conservation and Climate Change Mitigation.

The concept of a circular economy is fast gaining momentum in East Africa with both the private sector and government’s stuck on the drawing board shaping policies and regulations to help realise the shift.

World business leaders, policy makers, academics and NGOs have argued that a move towards a more circular economy is necessary to help solve global environmental and economic challenges.

Moving towards a more circular economy could increase competitiveness, and stimulate innovation. It will also boost economic growth and create jobs across economies.

Waste is Wealth

It is against this background that leaders are meeting in Nairobi for …

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Railways 1
  • Project Management Institute’s recent Talent Gap report shows 2.3 million people will be needed each year to fill all project management-oriented (PMO) positions that are expected to open by 2030.
  • To remain competitive, companies will need to hire problem solvers and relationship builders who can help drive change and deliver strategic value.
  • During this decade, sub-Saharan Africa will witness a 40 percent growth in PMO employment opportunities.

African economies could be headed to a severe shortage of skilled project managers to implement critical infrastructure investments across the continent.

According to Project Management Institute’s most recent Talent Gap report, 2.3 million people will be needed each year to fill all project management-oriented (PMO) positions expected to open by 2030.

To remain competitive, companies will need to hire problem solvers and relationship builders who can help drive change and deliver strategic value.

During this decade, sub-Saharan Africa will witness a 40 percent …

Vodafone-Group
  • Vodafone Group developed a business tailor-made to deal with Africa’s rising digital economy
  • Etisalat, Vodafone’s largest shareholder, is currently exploring options for investment in Vodacom Africa.
  • A decision to divest assets in a specific market or sell a stake in Vodacom Africa to fund new projects is also on the table

Vodafone Group is mulling strategies of extracting more value from its 65% stake in Vodacom Africa. According to Bloomberg, the telco is working with several advisers to evaluate the various strategic options available including mergers and acquisitions. A decision to divest assets in a specific market or sell a stake in Vodacom Africa to fund new projects is also on the table With the recent decline in Vodacom Africa and its market value in Safaricom, the organization is considering other alternatives.

This new take is crucial given that Vodafone has acquired new interested investors. Liberty Global, Xavier Niel,

Ongoing construction works of the Haya Karima project. www.theexchange.africa

According to the World Bank, Egypt has risen to become the richest country in Africa measured by GDP, which stands at US$1.38 trillion

Haya Karima, which means Decent Life, is a national project to develop the Egyptian Countryside.

The National Project for Developing the Egyptian Countryside is an initiative estimated to cost US$1.1 trillion

The Richest Country in Africa

The National Project for Developing the Egyptian Countryside is an initiative estimated to cost US$1.11 trillion. This project will impact at least 1,350,366 households. President Abdel Fattah al-Sisi said in January 2021 that the projects would be complete in three years.

US$ 519.28 million of the total funding will come from the International Fund for Agricultural Development (IFAD).

IFAD is an agency of the United Nations dedicated to alienating poverty and hunger in developing countries across the globe.

The government that took power in 2014 inaugurated a series of projects to …

A market place. www.theexchange.africa

With several elections in 2022, there is a possibility that some countries may become conflict hotspots. In addition, the threat of terrorism remains real.

Already, the ongoing conflict in Ethiopia remains a major cause of instability in the East African nation. Depending on how this is dealt with, countries in the larger Horn of Africa region remain sensitive.

In 2022, more than 25 of Africa’s fastest-growing economies will register more than 5 per cent growth as projected by the IMF.…

AUC Moussa Faki Mahamat. He has agreed with Sergey Lavrov on terms of helping with the necessary equipment, weapons and ammunition in the Sahel. www.theexchange.africa

By 2022, France plans to reduce and move its troops and will be restricted to regions that are not strategic for combating terrorism, which indicates that they will probably only act in the security of specific points, such as diplomatic and international organizations facilities.

That ends the so-called “Operation Barkhane”, which was a military mission marked by a tactic of permanent occupation of the Sahel countries by French troops.

The French government, however, apparently will try to reorganize its strategy in Africa. It seems that the focus of action will turn to the Gulf of Guinea.…

Steven Gruzd who heads the Russia-Africa Research Programme at SAIIA in South Africa. He says Africa is a busy geopolitical arena, with many players operating. www.theexchange.africa

Africa is a busy geopolitical arena, with many players operating.
Russia has to compete against them, and distinctively remain focused its efforts. Russia welcomes diplomatic support from African countries, and unlike the West, it does not demand good governance or advocate for human rights reforms.
Russia likes to portray itself as not interfering in local politics or judging African countries, even though there is mounting evidence that it has been involved in meddling in elections in Africa through disinformation, fake news and attempting to exploit fault lines in societies through social media.…

A view of the Russian Foreign Ministry building in Smolenskaya Square. www.theexchange.africa

When talking about bilateral ties, the most common complaints are inadequate support systems – both from the state and financial institutions. Russian NGOs are also pushing for a diverse set of initiatives aimed at enhancing ties.
The Coordination Committee for Economic Cooperation with African countries, a business and policy NGO, established as far back as 2009, proposes that funds be availed to support Russian business and investment in Africa.
Senator Igor Morozov, Member of the Committee for Economy Policy of the Federation Council (Senate) and Chairman of the Coordination Committee on Economic Cooperation with Africa observes that conditions that are opening up for Russian business today are not the same as those for businessmen from France, the European Union, India or China. …

The seven new African ambassadors to Russia. They are from the Republics of Angola, Benin, Ghana, Guinea, Nigeria, Mauritania and Somalia. www.theexchange.africa

The ceremony formally marks the official beginning of the ambassadors’ duties in the Russian Federation, and it usually takes place twice a year in the.
President Vladimir Putin made concrete reference to his earlier speech delivered in November at the expanded meeting of the , in which he outlined the priorities of Russia’s foreign policy and gave a detailed overview of the current difficult international situation, as well as approaches to settling acute global and regional problems.
He has been consistently pursuing the idea that it is possible to effectively cope with the numerous challenges and threats only through joint efforts of the entire global community, that Russia was ready for such cooperation.…

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