Wednesday, April 17

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Global Deal Activity Jan 2023 Vs Dec Jan 2022
  • Global deal activity down 27.5 percent Month-on-Month (M-o-M) and 46.7 percent Year-on-Year (Y-o-Y) in January 2023.
  • All the deal types under coverage witnessed massive double-digit decline
  • According to the data, a total of 3,667 deals* were announced globally during January 2023, which is a decline of 27.5 percent compared to 5,055 deals announced during the previous month and a massive 46.7 percent Y-o-Y (Year on Year) decline over January 2022. 

Mergers and acquisitions, private equity, and venture financing deal activity is off to a slow start in 2023 globally as the first month of the year itself saw a significant contraction in deals volume according to the latest data from GlobalData, data and analytics company. 

According to the data, a total of 3,667 deals were announced globally during January 2023, which is a decline of 27.5 percent compared to 5,055 deals announced during the previous month and a massive 46.7

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(L-R) Dr. Henry Nakalet Opolot, Project Coordinator for ACDP and Assistant Commisioner at Ministry of Agriculture, Industry and Fisheries, Government of Uganda hands over the winning certificate and award to William Luyinda, CEO & Co-Founder of EzyAgric and Esther Karwera Co-Founder & Chief Commercial Officer, EzyAgric Uganda.
  • Limited internet access is inhibiting the uptake of agricultural innovations across Africa.
  • While Agriculture remains the backbone of Africa’s economy, farmers in rural areas are yet to benefit from the innovative solutions designed to increase productivity within the sector.
  • Innovative solutions are the key to boosting employment and increasing youth participation in the agricultural sector.

Limited internet access is inhibiting the uptake of agricultural innovations across Africa. This is according to Hon. Frank Tumwebaze, Uganda’s Minister for Agriculture, Animal Industry and Fisheries.

Speaking at the sidelines of the two-day Africa-Korea Agtech Innovation Summit held in Nairobi, Hon. Tumwebaze, said,While Agriculture remains the backbone of Africa’s economy, farmers in rural areas are yet to benefit from the innovative solutions designed to increase productivity within the sector.”

The Uganda Minister emphasized the role of Governments’ investment in internet penetration across Africa’s rural areas. This will aid in adoption of

zambia flooding situation
  • About  22 districts across Zambia are underwater due to climate change-induced flooding caused by above-average rains according to CARE Zambia
  • The humanitarian organisation reports that over 70 districts in Zambia are at a high risk of flooding even as the rains continue to fall, and rivers burst their banks.
  • The climate crisis has directly affected at least 1.5 million people – including an estimated 821,000 children.

About 22 districts across Zambia are underwater due to climate change-induced flooding caused by above-average rains according to CARE International.  

The firm reports that over 70 districts in Zambia are at a high risk of flooding even as the rains continue to fall, and rivers burst their banks. 

In six districts where CARE works, there has been continuous rains that have led to flash floods. Hundreds of hectares of planted fields and grazing lands are underwater. Homes have been submerged as roads and bridges

South African Currency (The Exchange) www.theexchange.africa

Enock Godongwana, South Africa’s finance minister appeared at ease for a man delivering his maiden budget speech. A speech whose pronouncements can send the markets soaring or sinking. A lot was riding on this, but the man seemed casual and affable during the delivery of his address he occasionally addressed the members of parliament by name and spoke in his native Xhosa language.

A lot was indeed riding on his presentation today the 23rd of February 2022. The primary expectations of the speech from stakeholders are whether the treasury chief’s plan for 2022 will stimulate economic growth and foreign direct investment. Each South Africa needs urgently.

The finance minister began his address by affirming his commitment from his midterm budget speech to the reconstruction and recovery of the economy and by extension saving lives and livelihoods.

Very noble aspirations and themes. This message is needed by citizens who have grown …

Medium Photo
  • World Bank forecast Africa’s economy to grow by 3.6 per cent in 2022
  • Circular economy stand to improve job creation and the industrial sector in Africa
  • Africa Agenda 2063 could be achieved swiftly by circular economy models

The circular economy is a bankable business model for Africa. It enables the realization of sustainable development in Africa, said African Development Bank’s climate change and green growth department Officer-in-charge AL-Hamndou Dorsouma, according to information from African Development Bank.

Africa’s economy could be revitalized by strategic circular economic models, especially during these recovery times, when Africa is struggling to rebuild its economy hurt by the pandemic.

The circular economy brings an airtight system, solution and framework that utilizes all economic and industrial operations to bring sustainable services and products to the market that maintain the highest value over time – to eliminate waste, reduce energy consumption and increase the durability of products.

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Cyclone Batsirai halts tourism in Madagascar beaches. www.theexchange.africa
  • 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. …

www.theexchange.africa

AfDB loan to Nigerian Youths:

  • The African Development Bank has approved a loan of US$ 170 million, to assist millions of Nigerian youths to grow their digital and creative enterprises
  • Dubbed ‘Investment in Digital and Creative Enterprises Program (i-DICE)’, the initiative is a project of the Nigerian government, aimed at promoting investment in digital and creative industries
  • The initiative will stimulate investments in 226 technology and creative start-ups and provide non-financial services to 451 digital technology and small and medium enterprises

At least 68 million Nigerians aged between 15 and 35 will benefit from a US$ 170 million loan from the African Development Bank (AfDB) to finance their digital and creative enterprises.

In a statement seen by The Exchange Africa, the African Development Bank says the loan will benefit youths in innovative, early-stage, technology-enabled start-ups or those in the creative sector.

Select micro, small and medium-sized enterprises across Nigeria will …

www.theexchange.africa

Opening up new channels for African creative professionals are Akoobooks (Ama Dadson of Ghana), Casting Africa (Kwasi Bosiako Antwi of Ghana) & Kipepeo (Marie Behrens & Warren Pougnet of Mauritius)
Those diversifying access to financing – MyWagePay (Beth Mwangi & Patrick Pere of Kenya), CNG Transfer (Emmanuel Tochi and Ken Omulo of Nigeria & Kenya), SaveApp (Aziz Omar Masumbuko of Kenya) and Cashback (Inès Assoumou of Cote d’Ivoire);
In navigating last-mile mobility with style, it is DeliverASAP (Oyedayo Oyeniran of Nigeria) including vehicle maintenance for the long haul – Motor Parts Nation (Genera Moore of Ghana).…

www.theexchange.africa
  • Bar and restaurant operators in Kenya have pledged to abide by the protocols to limit the spread of Covid-19
  • They have also offered to have their establishments become vaccination centres following the reopening of their establishments 

Bar and restaurant operators in Kenya have pledged to abide by the protocols to limit the spread of Covid-19 and offered to have their establishments become vaccination centres following the reopening.

The operators’ associations have also asked revellers to abide by the rules to avoid a resurgence of infections that would force the Government to come up with the restrictions that have hampered operations since March 2020.

“The hospitality sector has gone through one of the darkest periods in the history of Kenya,” said Frank Mbogo, the chairman of the Nairobi branch of the Pubs, Entertainment and Restaurants Association of Kenya.

The operators said the lifting of the curfew by President Uhuru Kenyatta and …

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