• Global verification body Verra certifies d.light’s clean cookstove projects in Kenya, Uganda, and Nigeria.
• Initiative to distribute 600,000 clean cookstoves, which are now verified by leading certifiers as a trusted source of high-quality carbon credits.
• Launched in 2022, these projects have already positively impacted over one million lives and are on track to transform the lives of three million people by 2025. 

d.light’s clean cookstove initiatives

In a landmark move that helps advance the journey towards sustainable development and environmental health in Africa, d.light, a firm that provides innovative solutions for low-income households, has achieved a milestone with its projects receiving certification from Verra as a trusted source of high-quality carbon credits.

This certification marks d.light’s clean cookstove initiatives in Kenya, Nigeria, and Uganda as crucial players in the voluntary carbon markets (VCMs), aiming to reduce carbon emissions, combat indoor air pollution, and curb deforestation.

Addressing environmental challenges, and earning

• In 2024, diversification of your crypto portfolio remains a fundamental principle for managing risk and maximizing returns.
• Understanding how to build an optimal investment portfolio and monitor its effectiveness is crucial for both experienced investors and newcomers.
• A well-diversified crypto portfolio typically includes a mix of traditional and alternative assets such as stocks, crypto assets, real estate and cash.

Diversification in the crypto world is not just a smart move; it’s a necessity. As the digital currency market evolves rapidly, its risks multiply. Understanding how to build an optimal investment portfolio and monitor its effectiveness is crucial for both experienced investors and newcomers. Here’s a guide to crafting a well-balanced crypto portfolio in 2024.

Diversification in the Crypto World

In today’s dynamic financial environment, investing in cryptocurrencies offers enticing opportunities but also carries inherent risks. Diversification, a fundamental concept in risk management, plays a pivotal role in safeguarding investments against …

• AFC’s landmark wind farm in Djibouti set the country on a path to becoming the first African country fully powered by renewable energy.
• Last year, the corporation committed to overhauling Kinshasa’s mass transit system to enhance mobility.
• 2023 saw the AFC welcome three new members—Ethiopia, Burundi, and Sao Tome and Principe.

As the world looks into Africa to launch the next development phase, the Africa Finance Corporation (AFC) is increasingly emerging as a participant and a pacesetter in African infrastructure investments.

Last year marked a watershed moment for the organization, as AFC’s impact was evident in an ambitious slate of projects that span the spectrum of Africa’s developmental needs, from renewable energy sources and transport corridors to mining and climate resilience initiatives.

AFC’s impact on key economic corridors

Last year was a standout moment for AFC, with the corporation not merely navigating but thriving amidst growing global tensions, inflationary pressures, …

• Air Tanzania has received Boeing 737-9 Max, its second aircraft from the US carrier manufacturer.
• A second Boeing 737-9 Max symbolizes Tanzania’s steady journey in enhancing its budding aviation sector.
• With the new aircraft, Air Tanzania now shifts focus to strategic expansion, operational efficiency, and overcoming challenges such as a biting shortage of pilots.

Air Tanzania Company Limited is on an aggressive expansion drive as it welcomes Boeing 737-9 Max, its second aircraft from the US carrier manufacturer. A second Boeing 737-9 Max symbolizes Tanzania’s steady journey in enhancing its aviation sector but also sets the …

• Africa’s venture ecosystem experienced a marked downturn in 2023, mirroring broader declines in venture capital to startups in the global market.
• Both the volume and value of venture capital investment decreased by close to a third in 2023.
•  Africa attracted a combined $4.5 billion in venture capital and venture debt investment during the year, across 603 deals.

The high investor flight seeking better returns from markets abroad negatively impacted on Startups in Africa, as venture capital deals dropped in 2023 amid a turbulent time that saw the closure of some key firms.

Africa’s venture ecosystem experienced a marked downturn in 2023, mirroring broader declines in venture capital to startups in the global market.

After a record-breaking year for investor interest in African ventures, with over 1,100 unique investors participating in deals in 2022, there was a dramatic reversal of this trend last year, industry data shows, as the number …

• Africa is loosing out on bad minerals for loan deals, AfDB warns.
• AfDB is developing initiatives to  help countries’ address the bad loans.
• China alleged to be the leader in bad minerals for loan deals with Africa.

Africa’s natural resources are being traded for loans from international lenders and that is why the continent is underdeveloped, the Head of the African Development Bank, Dr Akinwumi Adesina, has decried.

In an interview with The Associated Press in Lagos, Nigeria, Dr Adesina called for an end to “loans given in exchange for the continent’s rich supplies of oil or critical minerals used in smartphones and electric car batteries.”

The Head of Africa’s biggest lending bank, AfDB, said some countries have gained control over mineral mining in places such as Congo and have left some African countries in financial crisis owing to such ‘mineral for loans deals.’

“They are just bad, first …