Browsing: Africa

The Africa-Europe D4D Hub Multi-Stakeholder Forum on Digital Transformation for Sustainable Development in Africa was held one month after the 6th European Union–African Union Summit, where leaders from both continents announced a EUR 150 billion Africa-Europe Investment Package, which amongst other priorities aims to accelerate Africa’s sustainable digital transformation.

“This ambition aligns with the EU Global Gateway, a strategy set out to boost smart, clean, and secure investments in connectivity, and the AU Digital Transformation Strategy for Africa 2020 – 2030, which aims to transform Africa’s economies and societies by harnessing digital technologies, the potential of data and innovation for the benefit of people. It also supports the outcomes of the 35th AU Summit, held from 5 to 6 February 2022, which called for the acceleration of Africa’s quality infrastructure development.” read a news release issued by EU-Africa Digital Hub today.

It is reported that only 33 per cent of …

“Sokowatch started as this kind of backend brand. We wanted a brand that could be more front and centre for the African retailer and easily pronounced across all markets while reflecting our East African roots. So that’s why we’ve rebranded now to Wasoko, meaning ‘people of the market,” Yu said.

The seven-year-old company said this round of funding will go towards exploring expansion into Nigeria as well as Southern Africa while consolidating its position across its six current markets.

It will also make hires and expand its product offerings to point-of-sale merchant systems, bill payments and social commerce, verticals it might build in-house or back and acquire companies that provide such services.

The company also offers a buy now, pay later option for retailers who need working capital to order more goods. Buy now, pay later offerings are the latest trend for B2B retail and e-commerce companies. They see it …

A report by The Women in Tech Africa Summit 2019 showed that despite receiving 50 per cent less venture capital funding, global technology firms led by female entrepreneurs typically achieve a 35 per cent higher return on investment than those managed by men.

In the first half of 2021, African startups raised US$1.19 billion. However, female CEOs raised just 14 per cent of the financing, up from 2 per cent for the same period in 2020.

The African Development Bank puts the funding gap for women entrepreneurs in Africa at US$42 billion.

This should encourage more investors to take a gamble on women-led businesses in Africa’s tech space as they offer promising returns. 

Women in tech on the continent not only drive significant development in the African tech space, but they also simultaneously inspire young girls venturing into tech across the continent to do the same. …

Climate change in Africa costs a lot, and climate extremes hit the region hardest. Between 2014 and 2018, roughly $5 per year, a person was the adaptation funding to each African – standing on less than $5.5 billion per year (World Economic Forum).

It is more than fair to say without financial support, climate change will probably push Africa’s impoverishment to a whole new level, as millions of Africa might be into extreme poverty by 2030.

The latter proves Africa to be at a relatively disadvantageous position as it contributes the least to global emissions and climate change. Yet, it receives minor financial support towards adaption.

READ: COP26 All Talk, No Walk

The previous 26^TH United Nations (UN) Climate Change Conference of the Parties (COP26), dubbed “the world’s best last chance”, provided the global stage with failure.

Despite promising to double funding, high-income countries (and high global emitters) failed …

While Russia’s preferred visions and modes of action in the Maghreb seem to be fairly well identified, the perceptions and expectations, but also the possible reservations on the Maghreb are more rarely expressed by the leaders of these countries and little-studied at the academic level.

Perhaps we should look at this, as far as the powers that be are concerned, a concern for discretion regarding the sensitive aspects of this foreign policy component – this is particularly true for Algeria – an area on which they generally communicate little and for the academic research community in North Africa, a lack of knowledge related to the history, geography and culture of contemporary Russia.

If there is undoubtedly, on the Maghreb side and with important nuances from one country to another, a manifest interest in a development or a deepening of the partnership with Moscow, questions may remain about Russia’s objectives, especially …

Pyypl uses advanced Artificial Intelligence (AI) and Machine Learning (ML) for regulatory compliance, Anti Money Laundering (AML), and Counter-Terrorism Financing (CTF).

The platform also conducts real-time Politically Exposed Persons (PEP) and sanctions (both country and individual) screening against the latest and historical UNSC, USDT, FATF, OFAC, and EUCFSF records, as well as all local databases.

Fintech startups in Africa have continued to gain a lot of attention from investors who have been pouring billions of dollars to support the industry. …

• Learning poverty is costing African young learners dearly
• Median international school fees in Africa span from US$4000 to US$10000 in Africa
• Free education in Africa is now available across most countries.

Education is the most valuable investment any country can have, but the COVID-19 pandemic places this priceless activity in a rather unprecedented position, threatening the fate of the next generation.

Various numbers and figures  make the latter clearer. According to International Schools Database, Median international school fees in Africa span from US00 to US,000 in Africa. (https://artandhistory.org/) According to a 2020 based study on 14 countries, the average spending mark on education in Africa was 4.77 per cent.

Out of 53 countries, at least more than 40 provide free education to children in Africa. These numbers are a glimpse of how education is crucial to developing economies, Africa to be specific.

Read: World Bank invests in East …

So now the government through its Ministry for Agriculture has decided to take action to increase domestic production of edible oils. To do this, the government has developed several strategic approaches including upgrading peasant technology.

This initiative fits into the country’s overall industrialization initiative that targets mainly agricultural mechanization. By increasing funding for the set up of factories and smaller production plants, Tanzania is able to increase its output of edible oils.

However, the country needs to increase seed production hand in hand with increasing its value chain capacity. This is where the Tanzania Agricultural Research Institute (Tari) based in Dar es Salaam comes in. A globally-renowned research institute that develops hybrid seeds among other agricultural research works.…

Taking into account the 2022 International Day of Women and Girls in science; it’s imperative to assess the state of Africa’s water security which needs to be urgently addressed.

Africa is bearing the brunt of the climate change crisis, yet had no hand in its creation only contributing a paltry 4 per cent of the global greenhouse gas emissions; spelt by the numerous natural disasters from floods, drought and famine, locust infestation to tropical cyclones, which have put significant water stress in the continent.

In a series of initiatives, African leaders are spearheading strategies for resolving the quandary pertinently its impact on Africa’s water security and sanitation. Nearly 63 per cent of urban areas in Sub-Saharan Africa lack access to basic water and sanitation.…

Apart from the absence of a public strategy for the continent, there is a lack of coordination among various state and para-state institutions working with Africa.

Despite the growth of external players’ influence and presence in Africa, Russia has to intensify and redefine its parameters. Russia’s foreign policy strategy regarding Africa has to spell out and incorporate the development needs of African countries.

Unlike most competitors, Russia has to promote an understandable agenda for Africa: working more on sovereignty, continental integration, infrastructure development, human development (education and medicine), security (including the fight against hunger and epidemics), normal universal human values, the idea that people should live with dignity and feel protected.…