Browsing: United Nations

Tanzania President Samia Renewable Energy ambition

Tanzania is now executing several energy projects, including the East African Crude Pipe Line Project (EACOP), which brought several international attention fighting its realization.

The widely followed meeting is occurring in the continent for the fifth time and attracting thousands of participants engaging in serious conversations that might lead to the realization of climate targets.

The 27th meeting of parties calls for moving from negotiations (which occurred in COP26) and “planning for implementation” for all these promises and pledges made (United Nations -UN).

As Samia presents the ambitious deal on behalf of a dozen southern African nations – the pressure lies upon the developed economies to jump in and support the common cause.…

UNCTAD World Investment Report 2021 specifically states that “Greenfield investments in industry and new infrastructure investment projects in developing countries were hit especially hard.”

These financial flows of investment dollars have deep-rooted implications for Africa in the sense that they are vital for sustainable development in less developed and poorer countries.

The decline in investment flows was disproportionately skewed towards developed countries where FDI fell by 58 per cent according to UNCTAD. Investment flows in developing economies fell by a moderate 8 per cent mainly because of resilient flows in Asia.…

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  • United Nations Secretary-General António Guterres formalized his prior announcement that Amina J. Mohammed would continue in her role during his second term
  • Guterres said Mohammed’s leadership has helped advance the conceptual shift from the UN that the Member States called for in adopting the Sustainable Development Goals (SDGs)
  • Prior to first assuming her role as Deputy Secretary-General in January 2017, Mohammed served as Minister of Environment of the Federal Republic of Nigeria and Special Adviser to Secretary-General Ban Ki-moon on Post-2015 Development Planning

UN Secretary General retained

Nigeria’s Amina J. Mohammed retained UN Deputy Secretary-General of the United Nations. The United Nations Secretary-General António Guterres formalized his prior announcement that Mohammed would continue in her role during his second term.

According to Guterres, Mohammed’s leadership has helped advance the conceptual shift from the UN that the Member States called for in adopting the Sustainable Development Goals (SDGs).

The Secretary-General …

In 2020, total transaction values climbed by 22% to hit US$767 billion. or the first time, and in a pandemic, the industry is processing more over US$2 billion per day which has more than doubled since 2017. 
The GSMA predicts that by the end of 2022, this value will be in excess of US$3 billion every single day. Some of the innovations that will help propel this growth include APIs and regulation initiatives like tightening transaction and balance limitations which could bolster the industry's transaction values growth.
Transaction costs remain a big concern for many with users calling for a review of this in countries like Kenya. When the pandemic was announced in Africa, Kenya and Ghana- which also happen to be the continent’s two biggest mobile money markets– were swift to scrap fees on small person-to-person transactions.…

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Debt service is putting tremendous pressure on East African governments because of limited foreign exchange earnings; therefore the Covid-19 vaccination program for East Africa will give investors confidence in most sectors especially agriculture and tourism which are major foreign exchange earners for the region.

The foreign exchange gains will lead to a positive trickle-down effect to the different businesses and general population.…

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South Africa’s declining GDP is expected to set back efforts to address unemployment, poverty and inequality according to a new United Nations Development Programme study on the socio-economic impact of COVID-19 in South Africa by at least five years.

The gross domestic product (GDP) of South Africa is expected to  5.1 per cent and 7.9 per cent in 2020 and recover slowly for at least the next four years.

The study was launched by  Dr Nkosazana Dlamini-Zuma South Africa’s Minister of Cooperative Governance and Traditional Affairs.

The study focused on how COVID-19 will drive temporary and long-term changes in poverty levels in the country. According to the study, the number of households below the poverty line will increase as households fall from the lower middle class.

As South Africa’s  6-month stimulus packages come to an end, 54 per cent of households that have been pushed out of the permanent job …

 

One of the most wonderful occurrences of the 21st century and which make distinct from previous centuries is globalization. Numerous governments, businesses and other entities from different nations are able to develop international interactions, impact and collaborations.

Different forces account for globalization. Examples include multinational organizations such as the European Union (EU) and United Nations (UN) that serve to increase co-operation among different countries. Social technology champions the seamless transfer of ideas and information within and beyond the target country.

What are the most prominent advantages of globalization?

  • The boost in economic power
  • Increased standards of living
  • Provision of rewarding opportunities
  • Increased productivity and general output.

Technology is the driving force of globalization. Technology provides some sort of template for globalization while also solving the challenges associated with it.

Let’s take a look at how technology resolved some barriers to globalization;

  • Trade barriers; handled by e-commerce, electronic delivery of services,

There is only one road left to achieving the Sustainable Development Goals (SDGs) set for Africa for 2030 and that is through sustainable businesses.The sluggish progress to date has been primarily a consequence of ‘putting all our eggs in one basket’ and expecting the state to deliver the SDGs, which it cannot.

A prime obstacle in that is finance. The SDG Center for Africa estimates the financing gap to achieve the SDGs is running at between $500bn and $1.2tn a year. That is simply beyond the reach of the public sector, with the Center estimating that delivering basic state functions of health care, education, water, energy, and road infrastructure requires more than 50 per cent of the GDP of most African countries.

However, for the private sector, pursuing the 2030 goals of eradicating Africa’s hunger, poverty, and inequality and improving health care will deliver its own rewards, creating business opportunities…

More than 2,000 delegates are expected to attend the G77+China summit that is to be held in Kampala Uganda between April 17-19.

In the United Nations, the G77 is the largest intergovernmental organization for developing countries. It is used as a platform to articulate and promote the countries collective economic interests and increase their joint negotiating capacity on all major international economic issues.

The coalition was initially started by 77 countries but now it has 135 member countries from Asia, Latin America, Africa and the Caribbean.

In October, last year Uganda was confirmed as the host of the summit making it the first African host for the event.

G77 summit brings together heads of state of the Group of 77 coalition and more than 300 other high-level dignitaries from the United Nations and the member states.

Speaking at the Uganda Media Center the senior advisor for communication and outreach at …

The expansion of Africa’s economy—exemplified by East Africa’s vibrant economies(Kenya, Tanzania, and Rwanda) by adopting the manufacturing industry landscape and marrying it with high-end technological developments have both triggered a demand for more power,currently leaning towards renewable energy—all the while grappling with the challenge of high unemployment rates.

The United Nations 25thConference of Parties (COP 25) on climate change highlighted strictly on nations mitigating greenhouse gas emissions by adapting to renewable energy in their economies.

Morocco and Zambia are now embracing the adoption of wind and solar power with assistance from Green Climate Fund (GCF) and the African Development Bank (AfDB).

GCF and AfDB supported Zambia with a $154 million renewable energy fund to finance its framework, and lift the nation from electricity demand challenges, as the country relies on hydropower generation for 90 per cent of its needs.

Renewable energy in Africa could be a mighty saving…