Opinion

transition finance
  • Transition finance is funding dedicated to decarbonizing hard-to-abate and emissions-intensive sectors, such as steel and cement manufacturing.
  • Companies in these sectors must prepare for an orderly transition, as failure to act will bring immense risk in a decarbonizing world economy.
  • Nurturing a thriving transition finance market is critical to mitigating systemic economic and financial risks.

The transition finance market provides a unique opportunity for Africa to leapfrog to low-carbon technologies and business models, which will address climate risks and enhance the continent’s global competitiveness.

Though lacking a universal definition, transition finance refers to funding dedicated to decarbonizing hard-to-abate and emissions-intensive sectors, such as steel and cement manufacturing.

It is key to overcoming financial barriers to sustainability in the industries essential for economic development yet major contributors to greenhouse gas emissions. Companies in these sectors must prepare for an orderly transition, as failure to act will bring immense risk in a …

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  • WHO’s move aims to galvanize a coordinated international response to contain and mitigate the spread of mpox.
  • An uptick in cases, especially in Burundi, Kenya, Uganda, and Rwanda, along with sporadic cases in Europe, prompted the WHO’s emergency declaration.
  • Despite these concerns, mpox is not likely to evolve into a pandemic akin to COVID-19.

Last week, the World Health Organization (WHO) declared mpox (formerly known as monkeypox) a Public Health Emergency of International Concern. This decision underscores the escalating threat posed by the virus, which surged globally in 2022 but has since seen a troubling resurgence, particularly in Africa. The WHO’s move aims to galvanize a coordinated international response to contain and mitigate the spread of mpox, a virus with significant public health implications.

Mpox, a member of the same viral family as smallpox, is a rare but severe infection. It manifests through symptoms akin to chickenpox, including fevers, swollen …

  • Existing scientific research in Africa’s renewable energy transition often overlooks certain dispatchable technologies that could enhance grid flexibility.
  • Studies primarily focus on zero-carbon dispatchable technologies like concentrated solar power and geothermal, despite their limitations in efficiency, reliability, and cost.
  • Balancing engine power plants, which are globally recognized for their flexibility, reliability, and cost-effectiveness, are notably absent in these analyses, despite their potential to run on clean fuels in the future.

It is no longer disputed that solar and wind power will be the foundation of Africa’s future energy systems. They are perfectly suited to the continent’s unique conditions and are already the most cost-competitive power option in almost all cases. This consensus spans academia, businesses, and policymakers who all recognize the potential of renewable energy to meet Africa’s growing needs sustainably.

They also readily acknowledge the intermittent nature of renewables, and the associated need for flexible power capacity within the …

  • Africa is experiencing growth in the export of goods and services and its economics outline promising opportunities for further growth.
  • As trade volumes continue to rise and digitalization shapes e-commerce, customs, port, and border administrations must adapt quickly to ensure smooth clearance processes, accurate tracking, regulatory compliance, and timely delivery.

In today’s fast-paced world of trade, the demand for efficiency and transparency has never been more pronounced. Digitalization and cutting-edge technologies have continued to streamline trade processes fostering a more efficient trading ecosystem.

Annually, the European Commission’s Customs Union manages a staggering €3.5 trillion in goods trade, highlighting how vital it is to have smooth customs and clearance control checks. In the past decade, Africa has experienced growth in the export of goods and services and its economics outline promising opportunities for further growth aimed at facilitation and integration.

As trade volumes continue to rise and digitalization shapes e-commerce, customs, …

By Dr. Kibet Shikuku, Hematologist, The Nairobi West Hospital

Blood cancer, a malignancy originating in the bone marrow, is recognized and observed during Blood Cancer Awareness Month every September. This month is dedicated to increasing public knowledge about blood cancers, their symptoms, risk factors, and available treatments. Blood cancer occurs when abnormal blood cells overwhelm normal ones, leading to various health complications. This article provides an overview of blood cancer types, symptoms, risks, and treatment options.

 

Types of Blood Cancer

Blood cancer, which originates in the bone marrow, includes several types:

1. Leukemia: The most prevalent blood cancer in the United States and among children and teenagers. Over the past 40 years, the five-year survival rate for leukemia has significantly improved.

 

2. Lymphoma: This cancer affects the lymphatic system, including the bone marrow. Survival rates for lymphoma have also doubled in the past four decades.

 

3. Myeloma:

  • Artificial intelligence in Africa can potentially propel the fintech industry into a new era of financial inclusion.
  • AI tools can analyse data from client discussions, producing legal documents in simple language and at a fraction of what it would typically take to draft a contract.
  • Banks, for example, can make their services more affordable to their customers by rolling out AI-powered chatbots to handle routine queries while sparing them from having to travel to a bank branch.

It’s difficult to imagine a time before the widespread adoption of mobile technology in Africa – particularly where financial services are concerned. For millions of unbanked people, transactions were limited to cash, postal services or even the barter system.

Now, in much the same way as mobile payments completely disrupted the status quo, AI has the potential to propel the fintech industry into a new era of financial inclusion. And perhaps most exciting …

  • One of the most important ways a fintech can listen to its customers is to gauge how they engage with its products.
  • Having a deep understanding of customer needs results in innovative solutions.

All around the world businesses are pulling out the stops to achieve growth in what can best be described as challenging economic conditions. Africa is no exception. The continent has long been recognised for its immense potential, and as such businesses across sectors are investing heavily into the continent.

Advancements in technology make serving the unbanked and underserved populations in Africa more viable than ever before. However, that does not mean growth comes easily. It is a hyper competitive and complex environment where genuinely understanding your customer is key to growth.

Even with this textbook understanding, there is a strong urge to take the “build it and they will come” approach because we can get caught up …

  • Namibia is fortunate to benefit from the experiences of other oil- and gas-producing states.
  • The country’s oil and gas sector is still looking forward to reaching the production phase, but S&P Global analysts don’t anticipate Namibia’s first oil production will come until 2029.
  • Further, the country’s first gas-to-power project is scheduled to begin in 2027.

Namibia’s energy sector is still looking forward to reaching the production phase — S&P Global analysts don’t anticipate Namibia’s first oil to come until 2029, and the country’s first gas-to-power project is scheduled to begin in 2027.

Before Namibia achieves these hotly anticipated milestones, Namibian lawmakers can implement thoughtful, …

  • President Hage Geingob was truly an African giant, but one whom far too many people didn’t know about.
  • Namibia has President Geingob to thank for its rapidly developing green hydrogen sector, which will lead to even more jobs, business opportunities, and access to electricity for Namibians.
  • The late Geingob’s visionary leadership, integrity, and his wise approach to building Namibia’s hydrocarbon and renewable energy sectors was outstanding.

On Monday morning, February 4, many of us woke to the news of the tragic passing of Namibian President Hage Geingob.

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