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  • The concept of the knowledge economy describes trends in advancements in economies towards significant dependence on Knowledge, Information and the capitalization of high skill levels.

  • The Poland Knowledge Economy Assessment (KEA) has provided various policy options for securing additional sustainability growth and improving competitiveness.

  • Africa's human capital needs to be explored and utilized more. Developed countries have realized this hence why they often set up bases in Africa to benefit from the innovation of their people.  

Africa is renowned worldwide for its rich natural resources, both in material and human capital. Over the years, manufacturing and agriculture have mainly contributed to Africa's economic growth. Both have sustained Africa's economy to what it is now, but the world has drastically changed over the years.

Today the concept of a knowledge economy has propelled various economies to new heights. A prime example is Poland's economic growth over the past few decades. Focusing

When completed, the DRC's Inga hydropower dam will have the capacity to produce 40,000MW that is more than double the Three Gorges in China, the world's largest power station. Photo/ElectrictyHub
  • The DRC is viewed as a most promising member of the regional bloc offering a market of over 96 million people.
  • DRC is also rich in many coveted minerals such as cobalt and Nickel, gold, and diamonds, which has caused a long-standing conflict.
  • The EAC peace forces in the DRC were sent in early last year to restore peace and stability in the region.

The East Africa Community (EAC) has been touted as a model for regional economic blocs in Africa but the tension between Rwanda and the bloc’s newest member, DRC, is threatening to derail the region’s social and economic integration.   

The two neighboring countries have had a dicey relationship in the recent past with the largest country of the EAC, the DRC, accusing the smallest country in the region, Rwanda, of supporting rebels within its borders.

The DRC is viewed as a most promising member of the regional

Tanzania Egypt Relations Tanzania Investment Centre

 The Tanzania Investment Centre (TIC) said that the country garnered a 22.2 percent rise in registered projects over the past five months. 132 additional projects will be registered between July and November of 2022, compared to 102 during the same period in 2021. 

Tanzania is making significant progress in attracting the appropriate investment over time and space. This development is attributable to the current government under the leadership of President Samia Suluhu Hassan, whose dedication to expanding investment is shared by the whole economy. 

Tanzania's economy is currently at 5,2 percent of GDP (3rd quarter 2022) and 4.9 percent inflation. Notwithstanding this, growth in other vital areas has been crucial to ensure Tanzania's industrialization goals remain on track. 

 According to a research published by African Mining Market on February 13, the mining industry in East Africa is witnessing tremendous expansion. Whereby, Tanzania’s sector is adding to the GDP whose proportion

How to join an elite club of less than 1% of the world's population.
  • The capitalist class consists of less than 1% of the richest individuals in the world.
  • These members of the capitalist class are worth a collective US$ 12 trillion. This is according to Forbes magazine which profiles the members of this exclusive club.

Less than 1% of the global population consists of the world's wealthiest individuals. In 2022, there were fewer billionaires than in the previous year. When compared to the rest of the globe, Africa's list of billionaires is relatively static. It is economically advantageous to have more billionaires than none. An economy is seen to be progressing if there are more billionaires than before.

  • It is desirable for a country to have a growing number of members of the capitalist class among its population.
  • It is a positive sign of economic growth when the number of billionaires are increasing in a country.
  • To be a member of the capitalist
Nigeria voting for change and economic rebound

Driven by a deep-seated hunger for change in Nigeria, on pins and needles citizens remain, eagerly awaiting the announcement of the country’s next president, which should happen any time from now, following the February 25th  general election. The slow collation and reporting of the votes by Nigeria’s electoral commission, the Independent National Electoral Commission (INEC), has only fueled the anxiety, coupled with whispers of electoral interference that the Commission has thwarted.

The three front-runners out of the initial 18 candidates are Peter Obi, Bola Tinubu and Atiku Abubakar. Results from 176,846 polling stations are being counted manually and then relayed electronically to the INEC’s headquarters in Abuja, which then posts them on its website.

As of February 28, Tinubu leads in 25 out of Nigeria's 36 states. Tinubu leads with 36% which translates to 7 million of the valid votes counted, Atiku is close behind with 30% an equivalent of…

  • The sector rebounded in 2022 due to a 70.45% increase in international arrivals.
  • According to official government figures, the number of arrivals increased to 1,483,753 from870,463 in 2021.
  • Rebound attributed to a number of source countries relaxing Covid-19 limitations and opening up travel.

The tourist industry in Kenya is prepared for a significant boom this year, following last year's good performance buoyed by the resumption of the post-pandemic international travel and robust tourism activities.

The sector, which offers great investment potential primarily in hotel facilities, tour and travel businesses, and travel agencies, rebounded in 2022 due to a 70.45% increase in international arrivals.

According to official government figures, the number of arrivals increased to 1,483,753 from870,463 in 2021.

The Tourism Research Institute (TRI) attributes the rebound to a number of source countries relaxing their Covid-19 limitations and opening up travel.

Prior to the pandemic, the sector contributed 10.4% of the…

British actor Idrissa Akuna Elba alias Idris Elba, plans to open a major film studio in Tanzania after holding initial talks with President Samia Suluhu Hassan. Photo/Ikulu
  • Hollywood movie star Idris Elba meets Tanzania President Samia Suluhu Hassan
  • Idris Elba to set up film studios in Ghana and Tanzania
  • Africa's Creative Arts industry growing rapidly

British actor Idrissa Akuna Elba alias Idris Elba, plans to open a major film studio in Tanzania after holding initial talks with President Samia Suluhu Hassan.

Tanzanian's Director of Presidential Communications, Zuhura Yunus, recently made this announcement during a media briefing session on the outcome of President Hassan's trip to the 53rd World Economic Forum in Davos, Switzerland.

"The president met with Idris Elba and his wife Sabrina, and they are keen to invest in a film studio in Tanzania," said Yunus.

"Discussions on the project have just begun, and if successful, the project will help not only Tanzania but also Eastern and Central Africa," she added.

While the country is mostly known for its minerals, the likes of tanzanite, a rare

  • The continent spends over USD60 billion yearly on food imports that it could generate domestically.
  • African countries have allocated large sums to agriculture, but according to experts, this is insufficient.
  • As a result, countries are experiencing deficits even as governments continue to spend billions of dollars bolstering their military defenses, which fuels conflict, displacement, and hunger.
In a study utilizing satellite data from NASA's Landsat, researchers from the universities of Maryland and Texas in the United States cast doubt on the rapid development of cultivated land in Africa.

It was previously recorded that Africa's agricultural area has expanded by more than a third during thepast two decades (2000-2019), accounting for 52 percent of the global increase, or 102 million hectares.

The continent is said to contain around one-fourth of the world's agricultural land but millions of people continue to face malnutrition as dry and semi-arid regions are devastated by drought.

President Samia and Chadema Mbowe Political

Politics in Tanzania are now taking a different shape compared to the past five years. Opposition parties in Tanzania, such as CHADEMA  and ACT are collaborating with the main leading party CCM to put the nation in the right economic boost trajectory.

Over the past two decades, East Africa has witnessed how political instability has dealt a blow to economic growth. During the 2007/2008 post-election violence in Kenya, the country recorded its worst economic performance. The ripple effects spread to neigbouring countries of Uganda and as far as Rwanda and DRC.  

Tanzania had its own political turmoil between 2015 and 2020 where human rights and press freedom were often infringement. 

However, Tanzania, which has ambitions of becoming an industry-driven economy, is tuning its economic pro-growth policies in the right way to attract the necessary investors and environment for sustainable development. 

This economic vision is now being backed by President Samia

Training workers to install solar panels at health clinics in rw

Today Africa is on the frontier of ushering in a new age of technology in its various economic sectors. As such, the continent needs to provide not only sufficient and sustainable energy but also one that has scalability, ensuring that each sector benefits from it. Thus, experts and innovators have turned to solar energy to power other vital economies while contributing to Africa's overall market potential.

Indeed the concept of Solar power energy has worked in Africa's favour over the past few decades. Unfortunately, renewable energy is still relatively new in Africa; thus, only a few benefit from its revolutionary concept. Here is a brief look at how solar energy powers and funds Africa's ecosystem.

Understanding Africa's Solar power potential

To understand any concept, we must first understand the context behind it.

The concept of solar energy is no new term in this digital era. The concept of Solar energy