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• Through PPPs, smart financing models, and new policies, Zambia is positioning itself as a leader in renewable energy.
• The government’s commitment to achieving universal electricity access by 2030 underpins Zambia’s solar revolution.
• One of the flagship projects is the 600MW Scaling Solar Zambia, an alliance between the government and the International Finance Corporation (IFC).

Landlocked Zambia is making a spirited push to compete favourably among African economies by tapping the power of solar energy to light up rural homes and drive industry.

With more than 70 per cent of its population living in areas where access to electricity remains a distant dream, Zambia’s solar energy drive is a beacon of hope, offering sustainable and renewable energy solutions to combat energy poverty.

This ambitious initiative is about more than electrifying homes; it’s about transforming lives, driving economic growth, and safeguarding the environment.

Through public-private partnerships, innovative financing models, and policy frameworks, …

• An INTERPOL cybersecurity operation that has arrested 1,006 suspects and the busting of 134,089 cybercrime networks in Africa underscores the urgent need for banks to fortify their cybersecurity defenses.
• The probe identified 35,000 victims, with cases linked to nearly $193 million in financial losses.
• This exposure invites the question: Are banks in Africa prepared to counter the threat of cybercrime?

The fintech revolution sweeping across Africa’s economy is reshaping banking systems, offering millions of people unprecedented convenience and access to financial services. However, as banks and other financial services institutions embrace innovation, they must contend with a new and evolving threat: cybercrime.

With malicious actors continually adapting their tactics, robust cybersecurity measures are no longer optional for banks; they are critical. Take, for instance, the International Criminal Police Organization (INTERPOL’s) Operation Serengeti, which has exposed the grand scale and complexity of cybercrime threats plaguing the continent’s financial institutions.

Interpol Cybersecurity

• In Kenya, off-grid solar power is a game changer in rural parts of the country where main electricity transmission lines are yet to reach.
• Across rural homes, locals are tapping sun energy provide clean drinking water without the high costs of diesel pumps that often worsen air pollution.
• Solar power is also being used in clinics, improving medical care, including providing services during the day and emergency treatment at night.

Kenya has made significant progress in driving the adoption of solar power as part of a broad strategy to enhance the country’s switch to green energy. The East African country is equally banking on solar power use to achieve an ambitious target of electricity for all by 2030.

In Africa, Kenya leads in exploiting renewable energy sources to provide the electricity required to complement the realization of Vision 2030—accelerating transformation of the country into a rapidly industrializing middle—income nation …

• Guinea has announced a single-use plastic ban, signalling the growing momentum of the African plastic ban movement.
• Guinea prohibits the production, import, sale, and use of single-use plastics, including plastic bags and oxo-degradable plastics.
• The country now joins trailblazers Rwanda, Kenya and Somalia, who banned single-use plastics in their jurisdictions.

Africa is experiencing a vital environmental wave with the increasing rollout of tough measures on single-use plastics. With trailblazers Rwanda and Kenya having banned single-use plastics, Guinea has joined the elite club, announcing a sweeping ban on single-use plastic products and packaging.

Early this year, Somalia joined this movement, banning the use of single-use plastics beyond June 30, 2024. Authorities in the Horn of Africa country urged individuals and businesses to explore using environmentally friendly alternatives to meet their packaging needs.

This move by the West African country signals a historic moment for the continent’s push to counter the …

• Last year, the mining sector suffered 6.5% contraction, attributable to a dip in production of titanium and soda ash minerals.
• Overall, Kenya’s total earnings from minerals dropped by 4.3% to $261.7 million in 2023.
• A further dip could be in the offing as Base Titanium, which accounts for 65% of total mineral exports, is set to cease mining operations December.

The challenges gripping Kenya’s mining sector are set to worsen this December when Base Titanium, arguably the biggest miner in the country closes shop following the depletion of minerals at its focus area, Kwale County. Base Titanium’s closure is expected to an abrupt end to the export of rare earth minerals of Ilmenite, Rutile, and Zircon.

According to the miner, which has been undertaking exploration activities in the region, there will be no major investments in the near future since results have shown lack of enough deposits to support commercial …

• The UAE, Saudi Arabia, and Qatar, have poured billions into developing airports, airlines, and seaports across Eastern Africa in the last 10 years.
• In the latest development, UAE’s Sharjah Chamber of Commerce and Industry is set to build a new international airport just outside Kidepo National Park, in Uganda.
• These investments are transforming the region into a pivotal stopping ground for global trade, tourism, and travel.

The economic ties between the Gulf Cooperation Council (GCC) countries and Eastern Africa have deepened significantly over the past 10 years, driven by strategic investments in key infrastructure.

The Gulf nations, notably the United Arab Emirates (UAE), Saudi Arabia, and Qatar, have poured billions into developing airports, airlines, and seaports across Eastern Africa.

These investments are transforming the region into a pivotal stopping ground for global trade and travel, enhancing connectivity, and fostering economic growth.

Eastern Africa airports and airlines enhancing connectivity

The UAE …

• Africa must invest in human development to catch up to the Fourth Industrial Revolution (4IR).
• There is a need for policy commitment to developing Africa’s human resources.
• Investing in education is the only way Africa will catch up to the 4IR.

With the majority of its workforce unskilled, Africa is again left behind. At the same time, the rest of the World moves forth in the fourth Industrial Revolution (4IR).“African countries must support skills training and put in place the right policies to tap the benefits of the fourth Industrial Revolution,” advises Raymond Gilpin.

The economist believes that by investing in its most significant resource, Africa can strategically catch up with the Fourth Industrial Revolution (4IR).It requires dedicated policymaking focused on raising a generation of skilled labour capable of participating in and innovating digital revolutions in all sectors. By investing in transforming its human skills, Africa can …

• Under a new COMESA programme, farmers in the five East African countries are expected to access quality seeds, and training on how to improve production and distribution.
• The five-year programme is expected to help the countries cut post-harvest losses in horticulture to 40 per cent or lower, from highs of 60 per cent, for instance in Kenya. 
• Agriculture is estimated to contribute on average 27% of the gross domestic product (GDP) in the EAC and accounts for the highest share of employment not only in the region but across Africa.

Agriculture is the backbone of nearly all East Africa region’s economies and the main economic activity for more than 70 per cent of the population. It is estimated to contribute on average 27 per cent of the gross domestic product (GDP) in the EAC and accounts for the highest share of employment not only in the region, but the African.…

• For the first time, the China-Africa Economic and Trade Expo (CAETE) came to Africa, with Nairobi playing host last week.
• According to the Ministry of Commerce of the People’s Republic of China, the forum is expected to spread across the continent, with different countries hosting it in the coming years.
• The Asian country is keen to continue its influence and trade dominance on the African continent.

China has launched a charm offensive on Africa in renewed efforts to tighten its grip on the continent. The West has recently shown growing interest in political and investment corporations, and China is seen as keen to continue its influence on the continent.

For the first time, the China-Africa Economic and Trade Expo (CAETE) came to Africa, with Nairobi playing host last week. According to the Ministry of Commerce of the People’s Republic of China, it is expected to go around the continent, with …

• International arrivals increased from 1.48 million in 2022 to 1.95 million as the sector turned around from lows of 569,848 at the peak of the Covid-19 pandemic in 2020.
• Last year’s strong performance saw the country record the highest earnings in tourism receipts, which went up to $2.7 billion, up from $2 billion.
• The US remained the single largest market source even as Africa accounted for the lion’s share of total arrivals during the year, with the East African region remaining key. 

Kenya’s tourist arrivals grew 31.5 per cent last year, official government data indicates, as the tourism sector recovered to pre-pandemic levels not only in the country but globally.

International arrivals increased from 1.48 million in 2022 to 1.95 million as the sector turned around from lows of 569,848 at the peak of the Covid-19 pandemic in 2020.

Last year’s strong performance saw the country record the highest earnings …