Browsing: Sub-Saharan Africa

A coal powered plant in South Africa. South Africa is currently Africa's largest emitter of greenhouse emissions. www.theexchange.africa

If you live in sub-Saharan Africa then you cannot be a climate change denier.  

Whilst to some who live in the cities of Northern Europe climate change may be an interesting dinner party conversation, to those of us who live in economies dominated by agriculture it is a reality that is dramatically changing the environment we live in, the lives of those we love, and the economies that our countries depend on.  

When I first came to Uganda in 2006 I asked a local in southwest Uganda when the rainy season began. “The eighteenth of April or the next day,” he replied. And he was right. But just fifteen years later none of us would be certain. And few of our educated guesses would be right. 

With COP26 this year, the milestones linking climate, nature and people was essential that the best minds in finance, commerce, technology and supply-chain apply

Egypt has taken all diplomatic measures to urge Ethiopia not to proceed with its Grand Ethiopian Renaissance Dam (GERD) but all pleas (and threats) have fallen on deaf ears.

By July this year, Ethiopia had begun the second filling of the GERD.

The GERD, with a capacity of 6.45 gigawatts will be Africa’s largest hydroelectric power plant and the world’s seventh-largest dam.

At this magnitude, the immensity of the problem it is to those for and against it is big. This colossal problem may very well drive the Horn of Africa country into the eye of a storm especially with regard to the fight for the scarce water resource.

Egypt and Sudan, the two downriver countries that are against the dam, have been trying to talk Ethiopia out of this magnanimous project for years now. The last result, after Ethiopia, announced a second filling of the dam was to call …

  • The launch of  OneVoice for Cloud PBX is part of the organization’s investment as it partners with its customers in their digital transformation journeys that have accelerated due to the Covid-19 pandemic.
  • The OneVoice for Cloud PBX solution will assist businesses irrespective of their size in their telephony and collaboration needs.
  • The solution is powered by a single integrated platform converting legacy PBX telephony system into a cloud-based IP communication solution.

Liquid Intelligent Technologies, a business of Cassava Technologies, a pan-African technology group on Thursday November 11, 2021 launched OneVoice for Cloud PBX offering in six key African markets.

The firm which is currently present in more than 20 countries, mainly in sub-Saharan Africa has firmly established
itself as the leading provider of pan-African digital infrastructure with an extensive network covering over 100,000 km.

The launch of  OneVoice for Cloud PBX is part of the organization’s investment as it partners …

Rising inequalities and unprecedented biodiversity loss have for long been some of the major effects of climate change. 

The Covid-19 pandemic only added to the suffering that the world has consistently faced with Africa bearing the brunt of this onslaught. Africa has for decades lagged behind the rest of the world only excelling in a few economic sectors which have little impact on the overall economic wellbeing of the continent. 

One area where Africa continues suffering is the access to clean energy. 

The IMF estimates that an estimated half of sub-Saharan Africa’s (SSA) population today does not have access to electricity. Additionally, those who can access this resource pay nearly twice as much, on average, as consumers elsewhere in the world. 

Outdated technologies 

It is not a strange thing then that power shortage costs the continent about 2 to 4 per cent of GDP every year. And things can only

The government of Tanzania has received 1.3tri/- as Covid-19 relief package from the International Monetary Fund (IMF). Now the government has announced plans to implement a score of projects that will be financed with this fund in a move it says, will help the private sector’s liquidity.

As part of its own fiscal policies to cushion the economy from the negative effects of the global pandemic, the government, through the Central Bank has also released another 1tri/- to commercial banks in a bid to increase their lending capacity.

With these funds, the Central Bank released funding and IMF funding that goes into implementing national projects, the private sector is empowered to borrow and win project tenders and as such increase money circulation in the economy.

The strategy is meant to back the economy which had slowed down due to reduced demand which in turn reduced produced production stagnating the whole …

  • More than 150 countries have confirmed their participation in the Dubai Expo 2020
  • African participation in Expo 2020 is seen as an important element for the success of the mega event
  • Dubai chamber has opened representative offices across several African countries

 

Nigeria is the latest African country to confirm its participation at the Expo 2020 to be held in Dubai, United Arab Emirates this October.

The one of a kind Expo will run for six consecutive months starting this October and culminating in March 2022. More than 150 countries have confirmed their participation, eager to showcase (and learn) their technological achievements, investment options and pandemic resilience best practices among others.

There is not a theme there that a single African country can afford to miss, from sustainable farming to digital economies, infrastructure technology to medical engineering, education revolution to sustainable cities, and investors and markets.  African countries stand the…

  • More than half of Sub-Saharan Africa’s population still does not have access to electricity
  • Dubai is also building a giant coal power plant which is the first in the United Arab Emirates
  • Power shortages cost the continent an estimated 2 to 4 per cent of GDP a year

Even though Dubai is rooting for renewable energy sources by 2050, the emirate is also building a giant coal power plant which is the first in the United Arab Emirates (UAE). Dubai is recognised as the globalized financial capital and the undisputed tourism, trade and banking hub. 

This city-state is seemingly reaching for the sky dwarfing Babylon’s ambitions by investing in gigantic projects and which has seen it teeming with glittering infrastructure. It not only boasts of the world’s tallest building, it also has some of the most outstanding creations including man-made islands and the world’s largest natural flower garden. 

All these

The East African Community (EAC) is one of Africa’s oldest regional trade bloc’s on the continent and until now, it has been fairly  successful.

However Uganda, the Pearl of Africa is now crying foul play after its neighbours Kenya and Tanzania instituted a rather hefty levy on Uganda Milk and milk products.

Uganda is describing the milk levy as prohibitive and decries the fact that it is limiting its traders from export milk and milk products to these two large economies. Notably, the EAC, a regional intergovernmental organisation of 6 Partner States commands a market of well over 177 million people.

Now Uganda is extending an olive branch asking Kenya and Tanzania to honour the regional trade pact and to ‘remove prohibitive levies placed on its dairy products.’ According to Uganda, the levies on its milk and milk products undermines the EAC all together and warns that if not redressed …

Sector experts have expressed concerns that Africa is facing growing trade barriers from conflicting Covid-19 control measures. As such, there is need for the EAC Regional Coordination Committee (RCC) on Covid-19 to review and harmonize the East African Community (EAC) policies and measures to control the pandemic.

In fact the, EAC Sectoral Council on Trade, Industry, Finance, and Investment (SCTIFI) is calling for harmonization of Covid-19 testing charges and the associated validity check of the tests. Member states f the EAC need mutual recognition of test certificates once issued otherwise, traders and transporters suffer a great deal during border crossing.

You have frieghters coming from Tanzania entering Kenya only to have the latter or former country deny entry due to ‘in-validity’ of the Covid-19 test and certification. This does not only apply at Namanga or Hollili cross border points, for Tanzania and Kenya and Kenya and Uganda respectively, no it …

Credit growth from the private sector has drastically slowed down owing to the negative effects of the Covid-19 crunch on the economy.

From a high growth of 5.5 per cent June of last year, private sector credit growth skidded down to 4.7 per cent May of this year and then slumped further down to a low 3.6 per cent as of June this year.

Businesses are under performing and that means, loan repayment is poor and similarly, request for new loans is also down. It’s as simple as, you cannot borrow when production is down and production is down because demand has dropped, the multiplier effect is drastic.

This fact is explained in detail in the Bank of Tanzania (BoT) monthly economic review for July which says private sector credit growth has dropped significantly with key indicators including subdued repayment of loans and this is particularly for loans issued for …