Browsing: Africa’s green economy

Carbon market Carbon trading Carbon trading in Tanzania Climate change

How Tanzania banks on billion carbon trading projects

Countries

Therefore, carbon trading—producing and selling carbon offsets is becoming a new, lucrative, and transformative business in Tanzania. At least 20 companies are venturing into climate action-inspired business, pouring over $20 billion worth of investment.…

zanzibar

Zanzibar spices tourism trade with Belgium offering

Countries
  • Zanzibar has entered into a deal with Belgium to attract more tourists to the East African coastal Island.
  • The number of tourist arrivals in Tanzania is projected to increase in 2023. The country saw 62.7 per cent jump in new arrivals between January and July last year.
  • Tanzania received a total of 100,600 tourists from USA in 2022 followed closely by France that was the source of 100,371 holidaymakers.

Zanzibar’s tourism development initiative under its Blue Economy agenda is starting to pay dividend with the isles setting its sights on attracting tourists from Belgium.

Isle’s President Hussein Mwinyi recently met with Belgium’s Ambassador to Tanzania Peter Huyghebaert, and  unveiled ongoing improvement of infrastructure in Zanzibar to improve tourists’ experience.

President Mwinyi cited infrastructure improvements such as airports and roads, access to power and water as well as the construction of new hotels by the private sector.

“We have been working …

oil uganda

Africa: Fossil Fuels Paradox: Good Intentions, Bad Energy

Industry and Trade
  • African nations are harnessing it's push toward the oil and gas industry despite global push to reduce greenhouse gasses
  • Oil-rich nations are keen to explore and pump out various fossil fuels as the rest of the world moves toward being Carbon Neutral
  • COP 26 focused on resolutions for the world, but that was mainly the developed world, what about Africa?

Part 1: The fuel of modern-day civilization

The backdrop of modern-day development as embodied in Europe, America, Asia and the Arab Peninsula all lies in fossil fuel, crude oil, black gold. It is the burning of fossil fuels that runs our engines and powers our economies.   Indeed, we owe our modern civilization and advances to fossil fuel.

Great!  What is not so great is the cost that comes with burning fossil fuels.   The primary cause of current climate change, altering the Earth's ecosystems and causing human and environmental health problems

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