Trending
- Senegal’s Faye declares war on people smugglers after 37 die in the Atlantic
- AU chief tips African SMEs to embrace innovation to foster growth at scale
- Africa pharmaceutical independence, is the world ready?
- Kenyan aviation workers call off strike amid JKIA lease talks with Adani Group
- Kenyan farmers win big with halt on sugar imports beyond COMESA and EAC
- Namibia taps Chinese expertise for its largest solar energy plant investment
- Livelihoods at risk as severe flooding engulfs Sudan and Chad, drought chokes Lesotho
- What WHO and Africa CDC seek to achieve with $600M Mpox outbreak response plan
Investing
- Globally, seaweed is increasingly becoming the go-to organic medicine option, and Zanzibar is betting big on this avenue.
- Already, the East African Island’s government is investing in the commercial growth of seaweed.
- What’s more, Zanzibar and the EU are in talks to develop the Island’s aquaculture sector.
Zanzibar seaweed output is increasingly becoming a viable commercial project as the island is tapping as part of diversifying its economy. Increasingly, Zanzibar is putting emphasis on seaweed farming because the global industry of seaweed is growing very fast, especially due to the discovery of critical medicinal properties.
It is reported that diseases such as cancer, diabetes, inflammation, and chronic cardiovascular are major global health problems that can all be remedied by seaweed.
In a research paper titled “Global seaweed farming and processing in the past 20 years,” it is reported that “currently, the chemotherapy and synthetic drugs are widely used in the …
- Second Indonesia-Africa Forum (IAF) underway in Bali, Indonesia, almost clashing with the Forum on China–Africa Cooperation.
- Zanzibar President Mwinyi woos Indonesia investors to Zanzibar as he eyes a pie of the $3.5Bn in investment deals.
- The forum has, however, attracted far fewer participants from Africa compared to the 2018 meeting.
The Africa-Indonesia Investment Forum 2024 which is currently underway in Bali, Indonesia, is expected to generate a whopping $3.5 billion worth of investments. In attendance is the Zanzibar President and Chairman of the Revolutionary Council, Dr Hussein Mwinyi. President Mwinyi is representing the Tanzanian Union President Dr Samia Suluhu Hassan and is in the company of several other African Heads of State.
Present at this Second Indonesia-Africa Forum (IAF), include presidents from Zimbabwe, Rwanda, Ghana and Liberia among others. This High-Level Forum on Multi-Stakeholder Partnerships (HLF MSP) is been held concurrently with the IAF and has attracted well over 855 …
- This [gasoline production] will eliminate all fuel queues in Nigeria. This will improve the health of everybody. This will also make sure that there is consistent supply to the market, says Aliko Dangote.
- Refinery hailed as a big step in weaning Nigeria from its heavy reliance on imported oil products.
- Its capacity to export surplus products, such as aviation jet fuel and diesel, offers additional revenue streams for the country.
Nigeria’s energy sector is poised to experience a monumental shift as the Dangote Oil Refinery, a $20 billion investment on the outskirts of Lagos, started gasoline production on Monday. According to media reports, this development marks a big step towards reducing the country’s heavy reliance on imported oil products.
The refinery, which began operations in January, is set to revolutionize Nigeria’s oil industry, promising to address long-standing challenges that have plagued the nation for decades.
“It’s a very historic, monumental …
- Over 300 startups are converging in Abu Dhabi between May 7th and 9th for three days of innovation, collaboration, and transformative dialogue.
- Key topics on the agenda include the rise of startups in biotechnology, the integration of technology into enterprises for financial resilience, and customer acquisition and retention.
- Seven high-level roundtable meetings are slated to help startup entrepreneurs learn from experts about the latest global investment issues.
AIM Congress, now on its 13th edition, is gearing up to host over 300 startups from diverse fields of innovation and industries, marking a huge milestone for the global showcase in the United Arab Emirates (UAE).
Set to unfold from May 7th to 9th, 2024, at the Abu Dhabi National Exhibition Centre (ADNEC), the event promises a platform for innovative solutions, investment opportunities, strategic partnerships, and knowledge sharing among policymakers and entrepreneurs worldwide. ADNEC, which offers a total area of 153,678 square metres …
- TLcom Capital has raised $154 million in its second Fund, TIDE Africa II
- With this second fund, TLcom Capital maintains its early-stage, multi-sector focus and expands its mandate beyond Sub-Saharan Africa to Egypt.
- TLcom Capital currently has over $300 million under management.
TLcom Capital, the Africa-focused venture capital firm, announced the final close of TIDE Africa Fund II, its second fund for technology in Africa, at $154 million. Confirming TLcom Capital’s status as Africa’s largest Seed and Series A investor, the new fund accelerates the firm’s mission to partner with elite founders to tackle Africa’s biggest and most complex challenges with innovative solutions that will unlock massive value in the continent’s critical sectors.
At more than twice the size of TLcom Capital’s first fund, TIDE Africa Fund II is oversubscribed and sees participation from several new, high-profile LPs alongside returning LPs from the firm’s first Africa-focused fund, TIDE Africa Fund …
- Chronic instability plagues the existing power grids, worsened by the pressing need to connect growing populations.
- The advent of renewable energy sources introduces new complexities, considering the intermittent nature of solar and wind power generation.
- Wärtsilä Energy says deploying battery storage and flexible engine power plants offers a pathway toward reliable grid resilience.
Across economies in Africa, a profound transition is underway. Increasingly, economies are grappling with the dual challenge of meeting burgeoning energy demand while steadily transitioning towards sustainability, a scenario amplifies the importance of economies having reliable power production.
Wärtsilä Energy, a giant power plant manufacturer and energy systems integrator in Africa, is coming forward to offer insights on how economies can easily navigate this transition. Drawing insights from the 2024 North and West Africa Energy Transition Forum in Rabat, it is evident that addressing the complexities of grid reliability and renewable energy integration requires a multipronged approach.…
- Energy experts warn that the shortages that plague Africa’s electricity access in 2024 will have a significant drain on the continent’s economic growth.
- World Bank will connect 300 million Africans to electricity with a $35 billion plan.
- Africa is poised to adapt to transformative advancements that will reshape the landscape of energy access, storage, and connectivity across the continent.
Africa remains the most energy-deficient continent, with approximately 75 per cent of its population lacking access to electricity. As of 2021, 43 per cent of Africans, roughly 600 million people, were without electricity access, with 590 million in sub-Saharan Africa. Consequently, nearly half of the continent’s population is unable to use basic electrical appliances.
Despite improvements in electricity access in sub-Saharan Africa, where 49.4 per cent of the population had access in 2022, up from 33 per cent in 2010, electricity consumption has not seen a corresponding increase. The persistent lack …
- Leading the lineup of this year’s Annual Investment Meeting (AIM) at the AIM Congress 2024 keynote speakers is H.E. Ahmed Aboul Gheit, the Secretary General of the League of Arab States.
- Her Majesty Tirelo Molotlegi, the Princess of the Royal Bofakeng Nation, brings a unique perspective on sustainable development and community empowerment.
- Prof. Rae Kwon Ching, Nobel Prize Winner and Chairman of the Global Energy Prize International Award Committee, will discuss sustainable energy solutions.
The AIM Congress 2024, which is scheduled from May 7 to 9 in Abu Dhabi, is set to be a groundbreaking event, attracting a constellation of global leaders and visionaries. The Congress, to be held at the Abu Dhabi National Exhibition Centre (ADNEC), promises to be a melting pot of ideas and innovations, with over 900 influential speakers poised to share their insights on a broad spectrum of investment-related topics.
Among the illustrious speakers at AIM …
- 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
…
