- I&M Bank’s profits rise by 15 percent as the lender intensifies regional expansion
- Telco giant MTN reshaping presence in Africa with key exits
- German firm Karcher opens new $3 million distribution center in Kenya
- Equity Group to pay record $114 million in dividend despite 5 per cent profit dip
- Under President Samia Suluhu Hassan, a new economic dawn emerges in Tanzania
- BRICS bank readies to disburse $5 billion in loans this year
- Air Tanzania launches a second boeing 737-9 Max aircraft
- Kenya Airways trims net loss to $172 million despite revenue surge
Opinion
- 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.
The death of this great man and remarkable leader is a tremendous lsac à dos eastpak jordan proto max 720 yeezy boost 350 v2 hyperspace yeezy shoes under 1000 inflatable kayak sit top kayak custom kings jersey nike air max 90 futura sac à dos eastpak deuce vaughn jersey nike air max 90 futura 8 ft kayak kansas city chiefs crocs nike …
- In Africa, just like elsewhere, energy-intensive businesses are under great pressure to decrease CO2 emissions.
- Wärtsilä Energy knows more about this than most: many of our mining and industrial partners in Africa operate their microgrids, either from choice or necessity.
- While wind and solar power can offer emission-free energy at lower costs than fossil fuels, their intermittent nature adds uncertainty to the system.
In African countries, particularly those with a well-developed industrial sector, a significant portion of energy production may come from the industry’s own power plants.
This is especially true in countries with low grid reliability, and industries rely on self-generated power to ensure a stable energy supply.
In this article, we offer insights into Wärtsilä Energy’s approach to supporting energy-intensive industries to optimise the use of renewable energy and reach their decarbonisation objectives.
In Africa, just like elsewhere, energy-intensive businesses are under great pressure to decrease CO2 emissions …
- Food security is increasingly under threat as extreme weather events, shifting agro-ecological zones and changes in rainfall patterns accelerate the risk of food insecurity.
- In response to the challenges posed by climate change, various adaptation measures have been identified and implemented.
- These aim to improve livelihoods and enhance food security while mitigating the impact of climate change.
Climate change is an undeniable reality, and its consequences have far-reaching effects on various sectors, particularly agriculture and food security. RSK Tanzania Senior Social Consultant Geofrey Mutayoba says developing countries are particularly vulnerable to the impacts of climate change, as their economies heavily rely on agriculture. However, innovative adaptation measures are being introduced that are yielding benefits that go beyond climate resilience.
Food security is increasingly under threat as extreme weather events, shifting agro-ecological zones and changes in rainfall patterns accelerate the risk of food insecurity. Developing countries face significant challenges in providing …
Cash in lieu in insurance means where the insurance company exercises the option of giving you cash for repair of your car instead of them having it repaired for you. There are a number of ways an insurance company can settle a motor insurance claim: by having your car repaired, or by giving you compensation in case of total loss or giving you cash for repairs. Insurance companies are technically liable for poor car repairs should you suffer injuries as a result.
Thus for an insurance company to remove themselves from the latter kind of situation they should just be liable for the cost of repairs and not arranging for repairs. That is different in Kenya and elsewhere where insurance companies arrange for the cost of repair in a bid to save a few shillings. An insurance company can opt for …
For over a century, Kenya and the United Kingdom have enjoyed strong ties hinged on trust, enhanced cooperation and mutual benefit across key sectors, among them trade, tourism, security, health and education.
The UK views Kenya as a strategic partner due to her wealth of agricultural materials, booming services sector and for being a gateway to other markets in the East African community. It has therefore over the decades invested in growing Kenya to become the region’s economic powerhouse. Indeed UK remains one of the largest foreign investors in Kenya with a portfolio approximated at £2.7 billion. More than 200 British companies have set up shop in Kenya opening up the country to increased employment opportunities and economic growth.
Kenya on the other hand has found a key export market in the UK for its products, among them tea, coffee, flowers and other horticultural produce. For millions of farmers …
Sahera Sumar is the epitome of what a global citizen represents. Having travelled to over 25 countries and delivered programs to diverse industries, sectors and cultures, Sumar has become a beacon of strength, knowledge and hope for women all over the world.
Equipped with her passion for capacity building and her expertise in leadership, talent and organisational development, Sumar is set to embark on her next big project.
The project; Worldwide SHEroes, will see successful global leaders engage, empower, enable and mentor women leaders; sculpting them into women who are admired or idealised for their courage, outstanding achievements, or noble qualities.
Worldwide SHEroes will provide women around the world with a global network of mentors and leaders who will share their collective wisdom. The goal of the platform is to accelerate the journey of women into positions of leadership and influence while at the same time improving their economic equity …
On 1 January 2021, trade began within the African Continental Free Trade Area (‘AfCFTA’). After years of preparation, and being postponed due to the COVID-19 pandemic, AfCFTA becomes the largest free trade area in the world based on the number of participating countries since the World Trade Organization (‘WTO’) was formed and connects some 1.3 billion people across the African continent.
Among many other key developments under the AfCFTA, member states have agreed to remove 90 per cent of tariff lines on non–sensitive products within five years for developing countries and within ten years for least developed countries.
The AfCFTA seeks to provide member states a comprehensive and mutually beneficial trade agreement that aims to boost intra-African trade. As noted by the World Bank, “[a]s the global economy is in turmoil due to the COVID-19 pandemic, creation of the vast AfCFTA regional market serves as a major opportunity to …
The first quarter of 2021 ended on a great note as two African fintech businesses gained unicorn status, a rare fit amidst a ragging global pandemic that is finally being aggressively tackled by the speedy supply of much-needed vaccines. Such is the African story – a trail of surprises in the midst of uncertainty. On 18th March 2021, Airtel Africa announced it had received a $200M investment from TPG’s Rise Fund at a valuation of $2.65B making it the latest African unicorn[1]. Exactly a week before, March 10th, 2021, Flutterwave from Nigeria also announced a $170M investment from Avenir Growth Capital, Tiger Global Management and others at a billion-dollar valuation[2]. In the tech world hitting a billion-dollar valuation is a big deal – you earn the name Unicorn, a mythical animal that represents the statistical rarity of successful ventures coined in 2013 by …
In the South African Department of Mineral Resources and Energy 2020 Annual Performance Plan report, the authority highlighted the importance of the energy sector in catalyzing economic growth and development.
As in the report, real-life reflects the need for a reliable supply of energy to ensure that Africa continues to push its presence onto the global stage and build foundations of economic and social prosperity.
To achieve this change, and to transform the continent’s legacy challenges into a future that allows for continued growth and development, it remains a priority for the government and private sector to invest in energy solutions that are sustainable, reliable, and relevant.
As the continent moves into the first half of 2021, it’s the right time to look ahead at what the year ahead looks like for the energy sector and what changes or opportunities could potentially shift energy solutions into high gear.