Monday, June 17

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Mining in Africa
  • Africa homes about 30 per cent of the world’s mineral reserves, including 40 per cent of the world’s gold, 60 per cent of its cobalt, and 80 per cent of the platinum group metals.
  • Mineral resources are a critical source of revenue for Africa.
  • The interest in renewable energies in the mining industry arises from the escalating energy demand within the sector.

Mining in Africa faces ongoing challenges due to environmental degradation and social conflicts with local communities. Deforestation, land degradation, and air pollution are persistent issues linked to mining activities. However, effective prevention and mitigation measures can alleviate these impacts.

Africa’s mineral wealth is staggering. The continent homes about 30 per cent of the world’s mineral reserves, including 40 per cent of the world’s gold, 60 per cent of its cobalt, and 80 per cent of the platinum group metals. The Democratic Republic of Congo (DRC), for instance, with

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USD/ZAR trading
  • USD/ZAR pair is one of the most closely followed forex pairs in the country and FX traders will be wondering how to take advantage of the changing performance of the pair over time.
  • Traders in the country pay close attention to the pair’s performance and seek to take advantage of major short-term and long-term price fluctuations.
  • For this reason, the use of technical indicators, and often a combination of a few indicators, can help traders more accurately gauge the direction of the price of the pair.

Forex trading has long been a popular method of accumulating and safeguarding wealth in South Africa. However, the underlying economic issues of the economy have adversely affected the performance of its currency, the South African rand (ZAR).

The USD/ZAR pair is one of the most closely followed forex pairs in the country and FX traders will be wondering how to take advantage of the …

Sports in Africa
  • Africa has traditionally been known to have vast untapped potential, and sports are no exception.
  • Sports tourism has gained popularity, with tourists traveling to Africa to attend sporting events or participate in sports-related activities.
  • Sports have become a booming investment sector in Africa accompanying the continent’s high-speed transformation.

Sports in Africa

Sports in Africa have immense positive socio-economic and cultural results on the communities in which they are embraced.  From professionals to youth, sports impact many facets within a community through increased financial resources, camaraderie, and teaching fundamental life skills – such as working hard to achieve a goal, working within a team to better the collective group, and playing by the rules. In Africa, however, the role of sports in economic and social development has yet to be fully realised. 

Africa has traditionally been known to have vast untapped potential, and sports are no exception. Sports can do much

d.light's clean cookstove
  • 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

Crypto portfolio
  • 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 impact
  • 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
  • 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 …

venture capital startups in Africa
  • 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's natural resources
  • 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

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