- Qatar Airways, Shell sign record sustainable aviation fuel supply deal
- East Africa mulls shifting from linear to circular economy
- New forecast expects African airlines to suffer $500M net loss
- The gas project delays costing East Africa billions
- How Zimbabwe’s lifting of import ban is boosting exports
- BAK opposed to Digital Asset Tax under Finance Bill 2023
- Under President Lula, Brazil rekindles trade ties with Africa
- A huge task awaits Kamau Thugge at the Central Bank of Kenya
Opinion
- The long-term effects of Covid-19 and the climate crisis are felt more acutely in Africa than elsewhere.
- Africa’s additional financing needs resulting from the pandemic will amount to $285 billion over the four years ending 2025.
- Sub-Saharan Africa endured a recession in 2020 for the first time in 25 years.
NEW YORK – Africa bears virtually no responsibility for the greenhouse-gas emissions driving the climate crisis. It is not responsible for the conflicts or supply-chain disruptions that have driven global inflation. Nor did it trigger the spread of COVID-19, let alone cause the pandemic’s economic fallout. And yet the long-term effects of this trio of crises linger perhaps more acutely in Africa than elsewhere.
Africa grappling with anemic economic growth
The International Monetary Fund has estimated that Africa’s additional financing needs resulting from the pandemic will amount to $285 billion over the four years ending in 2025. But inflation, exchange-rate …
- As temperatures keep rising and emissions soar, the planet, too, continues to break (dangerous) new records.
- Climate change is a shared problem that the global community must solve by working together.
- With a strong partnership between Africa, Europe, and the rest of the international community, Kenya, can make significant contributions to the global transition to a net-zero economy.
NAIROBI – Last year in Berlin, the great Kenyan long-distance runner Eliud Kipchoge broke the world marathon record, clocking 02:01:09 and beating his previous time by 30 seconds. His success has made him a legend not only in Kenya but globally. It offers a useful lesson for everyone involved in the fight against climate change. Kipchoge’s winning strategy is rooted in the science of running (as well as 120 miles of hard work every week), and our own approach to the climate crisis must involve the same level of commitment and …
It all started with a Tweet which called out on Elon Musk to come and invest in Tanzania to which Musk responded that Starlink is soon coming to Tanzania and that they are just waiting for government approvals. The Minister for Information, Communication and Information Technology, Honourable Nape Nnauye, responded to Elon Musk’s twitter stating that the application was already reviewed and that Starlink was to meet some requirements that were outstanding.
Twitter Tanzania went wild! Everyone was scurrying to welcome Elon Musk’s investment in Tanzania and wondering why it was taking so long. The star effect of Elon Musk is undeniable however, regulatory officials need to look past the stardom and look at the merits of the investment.
Starlink is a satellite internet constellation operated by SpaceX providing satellite Internet access to most of the Earth. The constellation consists of about 2000 satellites and the number is growing.…
One of the many lessons learned from the pandemic is that SMEs need to embrace digital transformation, not just to weather unplanned challenges but because it will help them be more competitive and stable. Digital enablement is not just a means of survival. It is a way for SMEs to conduct business more efficiently, which in turn can empower them to expand their operations and earnings further.
Being nimbler than their big business counterparts, SMEs can quickly rethink their marketing strategies and adopt new technologies to enhance their offerings faster. Digital innovation provides extraordinary opportunities for SMEs. It empowers them to implement new market models, has a greater line of sight across their business, improves traceability, and meet their customers, service providers, and logistics partners, in many instances, all on the same page.
In the digital trading space, solutions such as import/export platforms, automated cargo-tracking and digital reporting of non-tariff…
Reliable and affordable telecom services have never been more vital to our national economic and social resilience.
That is why, across Africa and throughout the globe, national leaders and policymakers are prioritising the preservation of satellite broadband access – and why South Africa needs to keep pace with the rest of the world on this critical issue.
The technical details are relatively simple: the most widely useful and applicable satellite services are provided using the Ka-band, also known more widely as the “28 GHz band”.
What kind of useful services?
- Reducing “digital deserts” by bringing broadband internet connectivity to unserved and underserved communities.
- Ensuring near-ubiquitous access and vastly improved quality across the most densely populated urban areas. Among other benefits, the 28 GHz band lets satellite operators deliver the capability to pinpoint configurations of access when demand is at its peak.
- Reducing constraints on access by delivering a wider range
Mapping “Adaptech”: introducing a multi-dimensional map of over 70 digital technologies for climate adaptation
Climate change adaptation has been a significantly underfunded area in low-income countries. At the United Nations Climate Summit in Copenhagen 2009, high-income countries made a pledge to provide US$100 billion per year to low-income countries to help them adapt to climate change and mitigate further rises in temperature. To date this amount of investment has not yet been reached in a single year. Among the investments that have been made, less than 30% have been applied to climate change adaptation with the majority of investments applied to climate change mitigation.
Climate change adaptation helps countries and their citizens to prevent catastrophic effects on lives and property from droughts, floods, cyclones, storms; sea-level rise, increased salination, as well as temperature fluctuations. Investments in climate change adaptation are not some theoretical forward-thinking issue, but can directly save lives …
It is obvious that the DRC’s desire to become a member of the EAC is to tap into the benefits of regional trade, i.e. an expanded market of 300 million people, and to increase Foreign Direct Investment (FDI) through its membership in the EAC bloc. DRC’s capital market remains underdeveloped and consists mainly of the issuance of treasury bonds.
There is no stock exchange in the country and only a small number of private equity firms are actively investing in the mining industry. There are hardly any institutional investors in the DRC except for an insurance company and a state pension fund. The Central Bank of Congo (BCC), developed a market for short-term bonds, which are bought and held by local Congolese banks.
The absence of a domestic debt market has meant that the fixed-rate market is limited to government-issued treasury bonds with maturities of up to 28 days traded …
The Vienna World Conference on Human Rights in 1993 was forced to address women’s rights as a human rights issues because of the violence and sexual abuse against women occurring in Yugoslavia at the time.
The Fourth International Women’s Conference was held in Beijing in 1995 made human rights and women’s participation in decision making at all levels key. One of the recommendations was for the countries to have gender desks in the Ministries, Departments and Agencies including Security Services. It cautioned against the specific establishment of Women’s Ministries as these would take gender issues to the periphery as that ministry would be saddled with all matters gender-related.
The conference also discussed the eradication of poverty, women in armed conflict and violence against women. …
It is highly discouraged to go to a company directly and purchase a cover as in more ways than one you will be short-changed when the time comes to pay the claim. You will find that the requirements for you to get paid a claim can only be handled by an agent or broker as they will go the extra mile to make sure that you are properly sorted out.
These insurance intermediaries will also advise you on the best insurance company to insure with as they have the knowledge which most likely you do not have. I always point out about those insurance clients whom we once saw knocking on the door of an insurance company whose doors had been closed for good, but were pleading to be let in and purchase a motor insurance cover.
That is the tragedy of not trusting your agent or broker as you…