Browsing: Nigeria

  • Eight out of the ten finalists in the Ashden Awards’ Global South categories hail from Africa.
  • The Ashden Awards recognize innovative initiatives that contribute to a greener, more resilient planet.
  • From powering smallholder farms to providing energy in camps for displaced people, these pioneers are redefining the accessibility and sustainability of energy resources.

The Africa Climate Summit kicked off today in Nairobi with a focus on harnessing innovative climate solutions to address the pressing environmental challenges facing the continent.

As the summit commences, the spotlight shines on the groundbreaking efforts of climate pioneers who are making strides toward a more inclusive and sustainable future. Leading the charge is climate charity Ashden, which has unveiled the finalists for its prestigious 2023 Ashden Awards.

Eight out of the ten finalists in the Ashden Awards Global South categories hail from Africa, showcasing the remarkable breadth of climate innovation emerging from the continent. …

Digital Economy Africa
  • Mobile phone numbers serve as vital identifiers, connecting individuals to their devices, and enabling unique recognition.
  • TrustPid is a privacy-led identification solution that harnesses mobile numbers as unique identifiers.
  • As mobile usage grows across Africa, the importance of identifying consumers through mobile phone numbers is critical.

In the ever-evolving digital landscape, a groundbreaking collaboration is taking shape as four major European telecom giants join forces to create TrustPid–an innovative advertising ID system.

TrustPid is a privacy-led identification solution that harnesses mobile numbers as unique identifiers, revolutionizing the digital marketing of publishers and brands, especially in the face of the imminent extinction of third-party cookies.

This endeavor not only addresses the challenges posed by the evolving digital ecosystem but also highlights Africa’s pivotal role in shaping the global tech landscape. Interestingly, the roots of this groundbreaking initiative can be traced back to Africa’s own innovation hub and mobile marketing pioneer, …

Oil pipelines in Africa
  • One of Africa’s biggest pipeline is the 4,100Km Trans-Sahara Gas Pipeline connecting Nigeria and Algeria oil fields.
  • At 1,443Km East African Crude Oil Pipeline will connect Uganda’s oil fields to Tanzania’s coast.
  • Cutting across seven countries, the Central African Pipeline System will include refineries, gas-to-power plants, and LNG terminals.

As oil and gas industries continue to grow in Africa, the construction of regional, intra-African pipelines has a huge part to play in distributing these hydrocarbons across the continent, allowing Africa to reap the benefits of its energy resources.

These benefits included improved access, availability, and affordability of energy as well as energy security. It also contributes to added revenue to the participating countries and the skills development of local companies and individuals.

Africa, a continent teeming with untapped energy potential, has long been grappling with the challenge of delivering its vast oil and gas resources to its energy-hungry populations.

With …

Africa's hospitality industry

The hospitality industry is changing fast. When considering the future hotel experience, you are no longer just looking at a travel destination or a sleepover spot. Hotels of the future must offer more. An ‘augmented hospitality experience’ is what experts are calling it. Thus, stakeholders in Africa's hospitality industry must explore ways to adapt.…

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Supply Chain market in Africa poised to join the global market
  • Africa has huge potential to power global supply chains for automobiles, handsets, food, renewable energy, and healthcare.
  • The value of the African supply chain finance market rose by 40% between 2021 and 2022, reaching $41 billion.
  • Africa has at least a fifth of the world’s reserves in a dozen metals critical for the energy transition.
  • African countries need to capitalize on their comparative advantages and bolster technology adoption, improve logistics and leverage trade agreements.

Riding on its key comparative advantage of driving green transition globally, Africa can become a new hub for international supply chain, including for technology intensive industries. However, to realize this ambition, the ball lies principally in the court of policymakers in Africa and businesses to position the continent at an advantage.

These revelations are contained in the new United Nations Conference on Trade and Development (UNCTAD) Economic Development in Africa Report 2023 released on 16th

Africa Energy Week
  • Africa’s vast untapped oil and gas reserves have the potential to reshape the continent’s energy landscape and stimulate sustainable economic growth.
  • At the same time, Europe is charting a course toward renewable energy sources, driven by escalating environmental concerns.
  • These divergences in priorities necessitate a strategic approach to simultaneously achieve progress, address energy security and tackle climate change challenges.

The global energy landscape stands at a defining moment where Africa and Europe are confronted with parallel challenges and shared aspirations in their pursuit of sustainable development.

As the countdown to the African Energy Week (AEW) begins, the spotlight shifts towards pivotal talks which aims to harmonize Europe’s renewable energy vision with Africa’s drive towards oil and gas-powered industrialization.

Africa-Europe intertwined priorities

The forthcoming Africa-Europe Roundtable Discussion, set for October 16-20 in Cape Town, South Africa, offers a platform to unravel the intricacies of these intertwined priorities, underlining the essential role …

CocaCola Energy
  • Aggressive marketing campaigns targeting the younger demographic are significantly driving the choice of drinks.
  • Health consciousness is not just a buzzword; it’s a lifestyle shift that’s influencing the beverage market.
  • The influence of social media and global trends have heightened consumer awareness of new products and flavours.

Innovation and cultural heritage intersect as Africa’s beverage market evolves in response to shifting consumer tastes and socio-economic currents.

From the cherished rituals of traditional tea and coffee to the burgeoning popularity of carbonated soft drinks and fruit juices, Africa’s beverage market is evolving, reflecting its diverse society and changing preferences.

The Middle East and Africa Functional Beverage Market Size & Share Analysis – Growth Trends & Forecasts (2023 – 2028) report captures this dynamic evolution. It underlines key trends that are reshaping the way Africans quench their thirst.

Health benefits influencing Africa’s beverage market

One significant trend driving the beverage scene is …

Empowering SMEs: AfCFTA Unleashes Boundless Opportunities

The African Continental Free Trade Area (AfCFTA) has presented a distinctive opportunity to bolster economic growth, alleviate poverty, and decrease Africa's reliance on volatile commodity cycles. According to a World Bank report from 2020, the AfCFTA can increase the continent's income by 7 per cent by 2035 and elevate around 40 million individuals out of extreme poverty. This positive impact is primarily attributed to the stimulation of intraregional trade, termed the "AfCFTA trade scenario" for this analysis.…

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MTN Halan
  • Egypt has overtaken Nigeria by raising $540 million in tech startup funding in the year to June 2023.
  • This year, Egypt achieved a major milestone by creating its first unicorn, MNT-Halan.
  • In the year to June 2022, the Big FourNigeria, Kenya, South Africa and Egyptjointly raised $4.6 billion. This was a 25 per cent drop from the $710 million raised previously. 

Egypt is today the leading market across Africa with total equity in tech funding raised by start-ups in the last one year surpassing rival Nigeria. Data from the African Private Equity and Venture Capital Association (AVCA) shows that the North African country overtook Nigeria as start-ups raised $540 million in funding in the year to June 2023. 

This was, however, a 25 per cent drop from the $710 million raised the previous year. The least decline recorded among the big four African countries

Digital Economy
  • Africa only accounts for one per cent of the global digital economy. The US, China, and Asia hold dominant positions at 68 per cent, 22 per cent, and 27 per cent respectively.
  • Ralph Mupita, President and CEO of MTN cites untapped opportunities in Nigeria’s digital economy, tipping that its potential will double by 2050 to $145 billion.
  • Businesses must adapt to Africa’s evolving digital economy and embrace key trends to seize the vast opportunities in the continent.

There is a substantial gap between the digital economy of developed and developing countries in Africa. At the moment, Africa makes up one per cent of the global digital economy, while the US, China, and Asia occupy the top three spots with 68 per cent, 22 per cent, and 27 per cent of the total. This demonstrates how crucial it is for Africa to close the digital divide and capitalize on its growth …