Sunday, July 14

Opinion

renewable energy africa
  • 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 …

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digital payments Onafriq
  • Creating a “greater purpose” is essential to Onafriq’s corporate culture, driving its growth and unifying Africa’s digital payments.
  • Onafriq’s digital payments network connects over 1,300 cross-border payment corridors and facilitates financial access for over 500 million mobile wallets and 200 million bank accounts in 40 markets in Africa.
  • Overall, Onafriq empowers small businesses and women entrepreneurs by providing access to digital payment options, asset-based financing services, and additional income opportunities.

Being deliberate about creating a “greater purpose” is essential to building an authentic corporate culture, engaging stakeholders, and navigating the evolving landscape of corporate philanthropy. This is the philosophy behind Africa’s largest digital payments network, Onafriq’s, extensive growth and vision to unify the continent’s digital payments landscape according to its General Counsel and Chief Risk Officer Funmi Dele-Giwa.

Dele-Giwa recently shared insights into the organisation’s unique position at the intersection of social impact and commercial ambition at the Women in …

financial inclusion in Rwanda
  • The momentum of financial inclusion programmes is progressively strengthened as financial institutions, businesses and consumers embrace cashless convenience and digital payments that are secure and seamless.
  • Currently, Rwanda is a prime market for digital payments, with a young population of which 69 per cent is below the age of 30, and the second-highest population density in Africa

The momentum of financial inclusion programmes is progressively strengthened as financial institutions, businesses and consumers embrace cashless convenience and digital payments that are secure and seamless. Technology development broadens the scope of delivery of financial services, and the advantages of digital payments manifest in providing easy access to the masses, reducing travel and queuing times, quicker transactions and seamless money movements that are cashless.

Currently, Rwanda is a prime market for digital payments, with a young population of which 69 per cent is below the age of 30, and the second-highest population density …

Despite its huge resources, Nigeria is reeling from from poverty, inequality, unemployment, insecurity, corruption and other political and economic hardships.
  • Contrary to the general belief that Nigeria is the giant of Africa, incessant violence and armed conflicts have drastically reduced the influence of Nigeria on the continent.
  • Despite its huge resources, Nigeria still suffers from poverty, inequality, unemployment, insecurity, corruption, high fuel and commodity prices, and other political and economic hardships.
  • The biggest threats to Nigeria’s stability include bad governance, electoral mal-practices, corruption, economic hardship, inflation, terrorism, kidnapping, and ethnic divisions.

It is one of Africa’s behemoths. A country with vast resources and immense complexities. Boasting the largest economy of all states in Africa, Nigeria has long been considered one of the jewels in the crown of this continent. But, the country’s future and that of its more than 210 million people is looking bleak, which holds only dire consequences for the Economic Community of West African States (ECOWAS).

Nigeria’s high rate of inflation

“Current daily developments in political, economic, …

Angel Fair Africa
  • The Cortex Hub and Angel Fair Africa have reached the milestone of a decade of nurturing innovation, fostering entrepreneurship, and connecting African startups with investors.
  • The initiative aimed to create an innovation hub in the Eastern Cape to unlock the latent potential of the region’s emerging talent pool and drive technological innovation and break down barriers hindering growth.
  • It was initiated by the author, who had previously worked in the ICT field during the apartheid era and had a personal interest in driving technological advancement and economic empowerment in the region.

In a landscape defined by the ebb and flow of African entrepreneurship, milestones are more than mere time markers; they stand as beacons of progress. This year, we gather to celebrate an extraordinary achievement as both The Cortex Hub and Angel Fair Africa reach the impressive milestone of a decade. A decade of unwavering dedication to nurturing innovation, fostering …

Africa Oil and Gas Industry

Despite the worldwide call commanding the global business community to divest from fossil fuels and shrink their carbon footprints in the name of net zero, international oil companies (IOCs) still recognize Africa as their next frontier.…

Climate Change
  • A resilient health system is one that can deliver high-quality care for its patients under pressure – which could be economic, social, or environmental.
  • Achieving this requires us to proactively strive to keep people healthy, rather than waiting until they fall ill to intervene.
  • Without equity, our efforts to build a greener, healthier Africa will fall short.

Climate change is no longer a theoretical challenge to be solved by future generations; it is a reality that communities across Africa are already experiencing in the form of higher temperatures, droughts, changing rainfall patterns.

Despite contributing the least to global warming and having the lowest greenhouse gas emissions, Africans face exponential collateral damage from climate change, posing systemic risks to its water and food systems, increasing the risk of disease and straining already fragile health systems.

Nexus of climate and health

As part of a series of regional meetings in the run …

Circular economy East Africa
  • For businesses, adopting circular economy principles means less cost in hauling waste to dump sites.
  • Circular economy means gaining new sources of revenue from selling by-products in manufacturing and using less energy.
  • While circular economy concepts make intuitive sense to most investors, the opportunities have yet to be fully explored.

According to a new academic study published in the Frontiers in Sustainability, there are five areas of opportunities where businesses and investors can uncover wealth-building opportunities while improving the environment.

This study “Toward a preliminary research agenda for circular economy adoption in Africa”, by lead author Elke Nijman-Ross, reviewed 275 publications and analyzed the survey results of 38 circular economy experts to uncover the consensus for identified opportunities for further exploration of the circular economy in African countries including Kenya, Rwanda, Tanzania, Ethiopia, Uganda, DRC and Mozambique in East Africa. 

The concept of a circular economy, described by

Map of Trans African Highways
  • Initiated by UNECA, the Trans-African Highway project aims to integrate the continent through an expansive road system.
  • Despite political obstacles, renewed momentum from the African Continental Free Trade Agreement (AfCFTA) is rejuvenating this grand vision.
  • With gradual removal of barriers to internal trade, Africa stands on the brink of a historic opportunity to enhance trade, tourism, and growth.

The Trans-African Highway network, a bold blueprint conceived to foster economic integration on the African continent, has been a captivating vision since its inception in 1971. Initiated by the United Nations Economic Commission for Africa (UNECA), the project aims to integrate the continent through an expansive road network.

Despite political obstacles and inconsistent collaboration between countries, renewed momentum from the African Continental Free Trade Agreement (AfCFTA) is rejuvenating this grand vision. In recent years, the UNECA, the African Union (AU), and the African Development Bank (AfDB) have worked jointly to …

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