Browsing: Africa

Ransomware Attacks
  • Ransomware Attacks and backdoors are the leading threats Kenyans contend with
  • According to the CAK, Kenya experienced 860 million cyberattacks in 2022–2023.
  • Check Point Research has also identified ransomware Attacks among the first rising in Africa.

Kenya was the second most attacked country by cybercriminals in the Middle East, Turkey, and Africa region (META), according to new data released by cybersecurity solutions provider Kaspersky.

Only Turkey recorded the highest number of attacks among the 12 countries in the META region. The region comprises Bahrain, Egypt, Kenya, Kuwait, Nigeria, Qatar, South Africa, Saudi Arabia, Turkey, UAE, Oman, and Pakistan.keyvone lee jersey yeezy boost 350 v2 hyperspace sac eastpak custom youth hockey jerseys jock strap custom sublimated hockey jerseys jock strap johnny manziel jersey nike air jordan 1 elevate low brock purdy jersey brock bowers jersey college football jerseys air max 270 women custom youth hockey jerseys custom dallas stars

electricity access in Africa
  • Africa’s low electricity access stresses the need to double more than the efforts to meet SGD 7.1 by 2030.
  • In Kenya, data by the lender shows 71 per cent of the population had access to electricity in 2021, compared to about 14 per cent in 2000.
  • World Bank further identifies a stark divide in global access to electricity between urban and rural areas.

Sub-Saharan African states have made tremendous progress in electricity access in the past two decades, with the access rate rising from 25 per cent in 2000 to 48 per cent in 2020.

However, according to the World Bank, countries must double their electrification efforts to bring electricity to all by 2030, meeting Sustainable Development Goal Seven.

Global access to electricity is increasing at a slow pace, with the progress towards achieving universal access to electricity being slow over the last 20 years,” …

fastest-growing economies in 2024 | The Exchange

Africa will be the second fastest-growing regional economy in 2024. Over 10 African countries will experience substantial GDP growth. In October 2024, the International Monetary Fund emphasized Africa’s pivotal role in global economic development and resilience.

Africa could face economic headwinds this year. However, some of the continent’s brightest spots are lighting up the economic prospects. According to the International Monetary Fund, six of the top 10 performing nations globally are projected to come from Africa in 2024.…

US-Africa trade relations
  • Continuing from the discussion of evolving US-Africa trade relations, a key aspect of this dynamic is the strategic objective of countering Chinese influence on the continent.
  • By 2024, Africa is poised to undergo a significant shift in geopolitical and economic dynamics, emerging as a crucial arena for global powers such as China and the US.
  • The evolving focus on Africa is driven by its transforming economic landscape, marked by rapid growth, a youthful population, and abundant resources, attracting attention from major players seeking strategic advantages.

By 2024, Africa will have witnessed the beginning of a new age in the geopolitical and economic dynamics of the world. In recent years, the continent has shifted its focus from humanitarian issues and developmental assistance to becoming an important strategic arena for the world’s leading powers, particularly China and the US. Several elements are coming together to highlight Africa’s growing importance internationally, driving this …

social bond
  • An ongoing diplomatic row in Addis Ababa has prompted the AfDB to withdraw its international expatriates from Ethiopia.
  • At the same time, fears of a possible shift of the African Union’s (AU) headquarters from Addis Ababa to Nairobi have been voiced in response to the worsening political situation and growing violence in Ethiopia.
  • The current scenario in Ethiopia presents significant obstacles for international organizations that operate within the country. 

Circumstances surrounding the AfDB’s withdrawal from Ethiopia

A roiling diplomatic crisis pitting the African Development Bank (AfDB) against authorities in Addis Ababa—the seat of the African Union—has prompted the pan-African lender to relocate its international personnel from Ethiopia in a huff. This hasty decision announced on Wednesday comes months after Ethiopian security forces reportedly mistreated two AfDB staff members in Addis Ababa on October 31, 2023.

Under the direction of a newly designated Officer-in-Charge, the Bank’s Ethiopian office will continue to …

Australia-Africa relations | Africa's mining sector
  • The mining sector, a vital generator of economic growth, will benefit significantly from Australia-Africa relations. 
  • Australia’s presence in Africa’s mining sector is both extensive and growing.
  • As part of Australia’s expanding economic footprint in Africa, several Australian mining companies have established notable operations across the continent, tapping into its abundant natural resources.

The mining sector, a vital generator of economic growth, has witnessed Australia making considerable inroads into Africa. The continent, rich in natural resources, has attracted a flurry of investments from Australian mining companies, recognizing Africa’s untapped potential and vital role in the global mining scene.

The scale of Australian investment in Africa’s mining sector

Australia’s presence in Africa’s mining sector is both extensive and growing. With over 145 ASX-listed mining companies operating just under 500 mines in various development phases across 34 countries, the Australian mining influence is expansive.

In a more comprehensive sense, at least 170 Australian …

visa-free entry policy in Kenya
  • President William Ruto’s announcement of Kenya’s visa-free entry policy for all visitors starting January 2024 marks a paradigm shift in the region’s economic and social landscape.
  • The policy is expected to boost Kenya’s economy by attracting more tourists and business travellers, thus increasing revenue and foreign exchange.
  • Addressing the accompanying challenges will be crucial to ensuring the policy’s success and sustainable growth in the region.

Kenya, a country known for its rich wildlife, vibrant culture, and dynamic economy, is poised to make a significant leap in becoming a hub for investors and business in East Africa. President William Ruto’s announcement of Kenya’s visa-free entry policy for all visitors starting January 2024 marks a paradigm shift in the region’s economic and social landscape. As the visa-free entry date nears, it is important to explore how Kenya is set to redefine the dynamics of business and investment in East Africa.

Overview of

A new global climate pact
  • For the first time in climate summits, diplomats from nearly 200 countries at COP28 have agreed on a new global climate pact.
  • While past United Nations climate deals called for countries to reduce emissions, they shied away from overtly using the words “fossil fuels.”
  • Africa should be allowed to exploit its significant oil and gas reserves to develop its economies before transitioning to cleaner energy forms.

For the first time in climate summits, diplomats from nearly 200 countries at COP28 have agreed on a new global climate pact that clearly outlines the need to “transition away from fossil fuels,” including oil, gas, and coal that have been hazardously heating the planet.

The agreement was reached on the final day of the COP28 in Dubai, United Arab Emirates, following two weeks of intense negotiations in a year regarded as the hottest. European leaders and most nations most exposed to climate-fuelled …

Democratic Republic of Congo | DR Congo elections | DRC presidentail election | President Felix Tshekedi
  • Economic considerations are why the world is watching the DR Congo elections. 
  • President Félix Tshisekedi’s approach to the Eastern Congo crisis is a matter of immediate political strategy and a defining aspect of his legacy.
  • DR Congo’s political stability is crucial for international markets.

The Democratic Republic of Congo (DR Congo) is at a pivotal moment with the delay of its December 20th election, attracting global attention. This postponement, amid logistical challenges and the ongoing conflict in the eastern provinces, raises concerns about the integrity of the electoral process.

The country’s history of electoral irregularities, including allegations of fraud in past elections, amplifies these worries. The international community is closely monitoring the situation, as any perceived manipulation could further destabilize the already fragile political landscape of the country and the Central African region.

Winning the Hearts of Eastern Congo: A Keystone for Tshisekedi’s Legacy

President Félix Tshisekedi’s approach to …

carbon credit trade
  • The reward for fixing the carbon credit trade could be enormous, especially for Africa’s energy transition.
  • The $2 billion global trade in voluntary carbon markets (VCMs) has suffered from greenwashing allegations, with prices plummeting from the 2022 peaks.
  • For some African climate-linked businesses, the successful functioning of the carbon credits market is not a nice one but is core to their operating strategy.

Highly indebted nations need all the financing available to support their energy transition and climate adaptation needs. With the developed world lagging on its climate funding pledges, market-based solutions provide a supplementary funding source.

Carbon credits, a tradeable instrument obtained when a tonne of carbon is avoided or withdrawn from the atmosphere, have always offered significant optimism. With swaths of carbon-capturing biodiversity in the global south, Africa has the supply, while the industrialised nations looking to offset their emissions have the demand. Buyers then channel the finances …