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GE Vernova commits to support sustainable energy transition in Nigeria
Nigeria, one of Africa's economic powerhouses, faces a dynamic energy landscape characterized by a growing population, industrialization, and a rising demand for electricity.
Toyota to open a vehicle manufacturing plant in Kenya
The agreement will see Toyota set up a vehicle manufacturing plant in the country. The company has committed an initial investment of Kshs 800 million in the Kenya Thika vehicle manufacturers.
Aramco expands global venture capital programme with $4 billion funds injection
It will take Aramco's overall venture capital allocation to $7.5bn, which also includes the $500 million venture capital fund Wa'ed Ventures that focuses on the start-up ecosystem in the Kingdom of Saudi Arabia.
Arab Coordination Group allocates $10 billion to support energy transition
This funding is meant to drive a comprehensive and affordable transition to renewable energy in developing countries.
Arab Coordination Group pledges $50 billion for African development
The Arab Coordination Group (ACG) has announced that it aims to allocate up to US$50 billion to help build resilient infrastructure and inclusive societies in the African continent.
IFC invests $11.5 billion for Africa’s green transition and job creation
IFC made $11.5 billion in investments between July 1, 2022, and June 30, 2023, across 40 countries, the largest ever annual commitment for the continent.
ACWA Power signs deal with NREA for 10 gigawatts wind project in Egypt
ACWA Power, a Saudi-listed company and the world's largest private water desalination company, the first mover into green hydrogen, and a player in energy transition, has signed a memorandum of understanding (MoU) with the New and Renewable Energy Authority (NREA) to allocate land for a 10 GW wind project in Egypt.
[Column] Wayne Glossop: Gas power solutions for South Africa
While to date our society has been heavily reliant on coal, it's not able to keep pace with the energy and environmental aspirations of the nation currently.
How to expand health insurance coverage in Africa?
In many regions of Africa, access to affordable, high-quality healthcare is still a problem.
Volvo delivers the first heavy electric truck to Africa
Deployment of heavy electric trucks is now spreading across the world. With Europe and the US among the leaders, the shift to more sustainable transport is kicking off also in other parts of the world. In Africa, the first heavy electric truck is now being delivered in the city of Rabat in Morocco.
[Nigeria Business Week] Andrea Ayemoba: Investors bet on fintechs, startups
The past couple of weeks have seen a flurry of activities in several sectors of the Nigerian economy. Startups are receiving increasing financial backing from VCs for the growith of SMEs.
Enquête de la BEI sur le climat en Côte d’Ivoire
91 % de la population ivoirienne interrogée estiment que les changements climatiques ont déjà des répercussions sur leur quotidien.
[East Africa Business Week] Bob Koigi: Accelerating sustainable and clean transport solutions
A bulk of East African countries’ electricity comes from renewables. Yet the region’s transport sector relies entirely on imported petroleum fuels.
[Nigeria Business Week] Andrea Ayemoba: Local fintech spreads to East Africa, oil and gas find major milestone
Nigeria, like other countries of the world, is going through some economically turbulent times. Inflation is on the rise (recently pegged at 21.9%) and local startups are directly impacted by financial crises on the other side of the world.
[Column] NJ Ayuk: How Africa can capitalize on its mineral wealth to develop an electric vehicle value chain
As the entire global transportation marketplace marches toward an increasingly electrified and battery-powered future, many countries across the African continent stand at the threshold of profound economic opportunity.
[East Africa Business Week] Bob Koigi: Banking on innovations, partnerships to grow financial services sector
These developments have led to improved services and a robust sector that is shaping the region’s financial services industry dynamics.
[Interview] Dr. Mima Nedelcovych, Chairman, AfricaGlobal Schaffer
Dr. Mima Nedelcovych is the Founder and Chairman of AfricaGlobal Schaffer, a strategic consulting firm focused on project development, project finance, trade facilitation, and public-private partnerships in developing countries, with a particular focus on Africa.
[Interview] Dr. Mima Nedelcovych, Président, AfricaGlobal Schaffer
Mima Nedelcovych est fondateur et président d'AfricaGlobal Schaffer, une société de conseil stratégique spécialisée dans le développement de projets, le financement de projets, la facilitation du commerce et les partenariats public-privé dans les pays en développement, et plus particulièrement en Afrique.
[Column] Tobias Alando: Securing our future: the path to net-zero
Accelerating the transition to energy efficiency and conservation is one of the surest ways of securing the future of our planet for generations to come. This is because, energy is at the heart of climate change.
[East Africa Business Week] Bob Koigi: Region bets on bioeconomy to bolster growth
Among the key interventions proposed in the strategy is the creation of new forms of sustainable bioenergy, and the conversion of waste materials to useful products.
[Nigeria Business Week] Andrea Ayemoba: Gas price triggers ripple effect across industries
Nigeria’s inflation as of the month of May stood at 17.71%, but economists are now predicting just a month later a new figure we can expect at the end of this year.
[Nigeria Business Week] Andrea Ayemoba: Nigeria scores big in budget transparency
The infrastructure of Nigeria is such that for meaningful progress to be made, there must be give-and-take on the parts of the government and the people.
[East Africa Business Week] Bob Koigi: South Sudan remains a strategic player in the region’s petroleum industry
Owing to its strategic position at the heart of a wider Nile Basin-East Africa hydrocarbons-rich area, South Sudan is emerging as the hub for petroleum industry services and exploration in the region.
[Nigeria Business Week] Andrea Ayemoba: Banks rally behind women-led SMEs
The NNPC has an approximated value of 50 trillion naira. With oil and gas infrastructure in Nigeria constantly plagued by mischief and vandalism, an ECOWAS expert has profferred a very interesting solution to this persisting problem
[Nigeria Business Week] Andrea Ayemoba: Telecoms slide into banking, Central Bank ups interest rates
The last few days have shown us developments and setbacks, statistics that show growth on the one hand and room for improvement on the other.
[Nigeria Business Week] Andrea Ayemoba: Clean energy gets funding amid inflation and trade deficits
Oil and Gas has been a pillar supporting the Nigerian economy for a very long time. Rich in this natural resource, Nigeria may be guilty of neglecting other promising sectors, like Agriculture and even Insurance.
[Nigeria Business Week] Andrea Ayemoba: A call for exports diversification for higher market gains
Agriculturists and entrepreneurs are working harder than ever to address food sufficiency, but energy rests firmly on the government’s shoulders.
[Nigeria Business Week] Andrea Ayemoba: Government, Central Bank turn focus to the startup movement
There’s an ongoing comparison in Nigeria's status quo that is causing some rift – the national statistics and reports are showing a promising and stable economy, but the situation on-ground reflects a different reality.
[Nigeria Business Week] Andrea Ayemoba: Nigeria sets course to unify industry benefits, lead Africa's 5G
Following a turbulent year of stock market fluctuations, restrictions related to an ongoing pandemic and varying economic instabilities, predictions on Nigeria’s performance last year ranged from inferior to mediocre to excellent.
[Nigeria Business Week] Andrea Ayemoba: The 'ember' months performance review
The end of year (fondly referred to as ‘ember months’) tends to bring about anxieties of different sorts among Nigerians.
[Nigeria Business Week] Andrea Ayemoba: Come dry season, food production and supply chain gain emphasis
As we have established time and again, fertile lands and an able, skilled workforce are a vital combination for a thriving agricultural sector.
[Nigeria Business Week] Andrea Ayemoba: Industries unanimously look toward renewable, sustainable practices
The Covid-19 crisis has been cause for numerous economic slumps round the world; companies were shut down, production halted, industries crippled and prices skyrocketed the world over.
[Startup Interview] Adedokun Muhammed-Ali Adedeji, Founder, Brightcloud Automobile, Nigeria
Adedokun Muhammed-Ali Adedeji is a Nigerian innovator, entrepreneur and logistics manager. A green mobility advocate, Adedokun is the founder of Brightcloud Automotive.
[Column] Mthokozisi Maphumulo: Business insurance policies to rescue business amid the recent unrest and looting in South Africa
The recent events of unrest and looting of shops in South Africa, particularly in KZN and Gauteng have certainly been worrying for business owners.
[Column] Mathew Hall: Why off-grid solutions are starting to make more sense to South Africans
With load shedding back and disrupting day to day life, compounded by consumers feeling the 15% increase on their electricity bill, alternative sources of energy are starting to look more attractive to South Africans.
Eastern and Southern Africa's vast renewables potential offers route to sustainable growth, IRENA
Eastern and Southern Africa are vast, geographically diverse regions with rapidly growing populations and rising demands for energy. According to master plans for the two regional power pools, electricity demand is set to grow.
[Column] Andres Vega: Powerships: A solution for Africa’s energy short-term supply?
Energy poverty represents one of the most critical challenges for development in Africa. According to the International Energy Agency, in 2019, the continent had more than 580 million people without electricity access.
[Column] Titilayo Adewumi: Building greater sustainability, climate resilience in West Africa
Across Africa, urban centres are rapidly expanding as the continent’s large – and growing – youth population seek better fortunes in the city.
[Column] Charné Hundermark: South Sudan pursues a power sector revival
South Sudan is re-directing its focus on power sector development in a bid to dramatically transform its electricity market, which faces a deficit of approximately 170 MW and has led to one of the lowest electricity access rates globally.
[Column] Gaopalelwe Santswere: What the future hold for South Africa’s energy mix
South Africa relies on coal-fired power stations to produce approximately 90% of its electricity. Moving forward, the country's aim should be to reduce this percentage.
[Startup Interview] Tony Botha, Managing Director, carbonTRACK Africa, South Africa
carbonTRACK Africa is a South Africa technology startup that seeks to create a world where energy is consumed sustainably, shared fairly and empowers all people.
Rystad Energy analysis shows Africa’s renewable energy capacity is set for consecutive years of growth
Africa’s installed capacity of renewable energy, which stood at 12.6 gigawatt (GW) in 2019, is set for consecutive years of growth, a Rystad Energy analysis shows.
[Column] Emma Colenbrander: Is an Amazon for Africa’s “energy poor” in the making?
A majority of consumers in Africa still live off the grid, in what are commonly called "last-mile" communities.
New economic analysis for Malawi calls for efficient public investment management to improve service delivery in water and energy
Malawi faces an infrastructure investment gap in the energy and water and sanitation sectors of approximately $332 million per year due to limited fiscal space combined with weak public investment management and inefficient State Owned Enterprises.
[Column] Phyllis Wakiaga: Promoting sustainability through energy efficiency and conservation
Energy Efficiency might sound like ‘ Board Room speak’ to many, but what is it really?
New analysis shows onshore wind potential across Africa enough to power the entire continent many times over
Developing Africa’s huge onshore wind energy potential can boost its transition to affordable and reliable clean energy. For the first time ever, wind and solar made up the majority of the world’s new power generation in 2019.
Finance for renewables in developing countries on the rise, IRENA highlights
Global finance to developing countries in support of clean and renewable energy reached $21.3 billion in 2017, which almost doubles the level from 2010 when international financial flows were at $10 billion.
[Column] Kumar Utpal: What is needed to streamline South Africa healthcare
Most people have heard stories about inefficiencies, unexpected costs or redundant re-testing while visiting medical facilities across the globe. I have a few, such as having to re-run tests because my regular specialist couldn't be reached.
[Column] Toufik Khitous: How Egypt bets on renewables to meet expected energy demand surge
To meet its soaring demand for energy, Egypt is turning to renewable sources. Its targets, if accomplished, will see it become a pioneer in the African energy landscape. But are the plans realistic?
[Column] Travys Wilkins: Is this the insurance industry’s new normal?
When government first announced a national lockdown back in March, countless businesses were left scrambling to make working from home, work.
[Column] Siyabonga Mbanjwa: Delivering sustainable energy across Africa in a more accessible and reliable way
The global Coronavirus pandemic has disrupted the operating environment for both the public and private sectors as a result of the unprecedented lockdowns and restrictions put in place by countries to curb infections.
[Column] Dr. Kevin Kariuki: The journey to electrifying Africa
Five years into the African Development Bank’s ambitious New Deal on Energy for Africa, the Bank’s investments are set to provide electricity access to around 13 million people.
[Column] Verner Ayukegba: Africa’s energy transition must be African at heart and in practice
Africa is at an energy cross-road. On one hand, the most talented, better educated, most entrepreneurial and competitive generation the continent has ever had is rising.
The investment case for energy transition in Africa
Falling technology costs have made renewable energy a cost-effective way to generate power in countries all over the world, which would drive further development and improved economy.
[Column] Olagoke Aluko: Liquefied Petroleum Gas (LPG) regulations lead the way in reshaping consumer behaviour and industry in Kenya
Kenya has paid a heavy price in lives lost for its slow uptake of LPG as a cooking fuel.
[Column] John Defterios: The global energy challenge and the answers that lie in renewable power
It is big, fast growing, with a young population and a middle class that is nearly as big as the entire U.S. population.
[Interview] Adan Abbey, President, Horn of Africa Insurance, Somalia
Adan Abbey is the President of Horn of Africa Insurance that serves the Somaliland and Somalia market.
[Startup Interview] Wilhelmina Diop, Marketing Director, HelloSolar, Ethiopia
Wilhelmina Diop is investing her skills in Renewable Energy and Sustainable Development into providing rural communities in Ethiopia with affordable access to power, through the startup company, HelloSolar.
Ten developments that will shape Africa’s energy sector in 2019
After a year of rebound and recovery, Africa’s old and new hydrocarbons markets have an opportunity to further entrench the continent’s position as the world’s hottest oil and gas frontier in 2019.
[Kenya Business Week] US key investment target in Africa
US has reiterating its commitment to strong partnerships with key countries in Africa, specifically naming Kenya as a target for future US aid and investment.
[Column] Armando Da Silva: Why solar power is the obvious solution for South Africa
As South Africa kicks off the New Year with a lower petrol price and hopes for a constructive 2019, there are some looming problems that hinder the great spirit of the country.
[Nigeria Business Week] Industries partner to reach common goals
The sectors are revving up to keep up momentum as the 2019 opens new doors for Nigeria’s stride toward economic balance.
[Kenya Business Week] Manufacturing, automation and job creation nexus
Even with mounting fears that rapid automation could reduce the number of jobs in the Kenya’s manufacturing sector, a new report posits that digital technologies can, in fact, boost job creation.
[Kenya Business Week] Flying into new opportunities
African countries have been pushing for an open skies agreement to make intra Africa trade and movement cheaper and faster.
[Column] Bob Koigi: Renewable energy lights the way for Africa
The growing appetite for energy in Africa despite unreliable hydro power has birthed renewable energy renaissance.
[Nigeria Business Week] Towards sensible investments, capital pours in from the outside
For a country as populous as Nigeria, the wheels can and should not stop rotating. Supply rarely ever exceeds demand, investors are always welcome and jobs are never surplus.
[Interview] Irfan Mirza, CEO, Trend Solar, Tanzania
Irfan Mirza is an IT consultant, project manager and strategist who co-founded Trend Solar, a power solution for rural communities in Africa.
[Kenya Business Week] Breathing new life into SMEs
Small and medium sized businesses in Kenya represents 75 per cent of the country's workforce, constitute 98 percent of all businesses in Kenya and contribute 3 percent to the national purse.
[Kenya Business Week] The economic cost of trade misinvoicing
Even as Kenya continues to seal loopholes of money laundering and illicit flows, details are emerging that the country is experiencing sophisticated forms of tax evasion.
[Nigeria Business Week] Calling for free-trade, efficient energy
The possibility of free trade within Africa is an ongoing one, to which several African countries have pledged their support and signed their agreements. Though Nigeria has shown caution in joining The Agreement, its one champion is Aliko Dangote, Nigerian industrialist and wealthiest African.
[Kenya Business Week] Renewed onslaught on fake news
With Kenya having experienced proliferation of online news channels occasioned by an impressive penetration of the internet and a critical mass of consumers with an insatiable appetite for breaking news, truth and fact have been the latest casualties.
[South Africa Business Week] JSE grows listing portfolio
This week, the ever aggressive South African business world has seen two major companies, Vivo energy and Naspers all set to list on Johannesburg Stock Exchange (JSE).
[South Africa Business Week] Monash South Africa is now AdvTech owned
ADvTECH has announced the acquisition of Monash South Africa (MSA), a leading South African private tertiary education institution with students from more than 50 countries.
[South Africa Business Week] Why SA entrepreneurs are not thriving
A Study carried out on more than 1000 entrepreneurs in South Africa revealed that entrepreneurship in South Africa is not thriving, despite the fact that South Africa is one of Africa's strongest economies.
[Nigeria Business Week] Towards self-dependence, reduced importation
As industries grow, so does the job market, consumer satisfation and investor confidence. Nigeria is gaining a reputation as fertile ground for both business expansion and takeoff point for startups.
[Nigeria Business Week] Ensuring co-operation and diligence in trade
There is no shortage of opinions with regards to what needs to be done to improve economies of Africa. Experts from diverse fields advocate for different solutions, some tailored to fit their field interests, others seeming to stem from a place of general betterment.
[Kenya Business Week] Towards affordable housing
As Kenya aims for mid- level economic status it has set targets it hopes will propel it to this dream.
[Startup Interview] Tomiwa Majekodunmi, CEO, NASPA, Nigeria
At a time when the electricity needs of Africa continue to outstrip available supply, a company in Nigeria is investing in providing low cost, clean and sustainable energy to especially those not connected to the national grid.
[Kenya Business Week] Energizing investor relations
Kenya this week continues to strategically place itself to benefit from regional integration and reap from its warm relationship with development partners and international investors.
[Nigeria Business Week] Collaborations birth opportunities
The forming and maintaining of strategic, mutually beneficial partnerships is pertinent to the development of any economy, especially a growing one like Nigeria.
[Kenya Business Week] Power to businesses
As Kenya now fully recovers from a grueling election that took a toll on its economy, key sectors are experienced renewed resurgence and the business climate is promising.
[Kenya Business Week] Towards sustainable businesses, public private partnerships and courts to the rescue
Kenya’s business landscape has this week continued to register mixed fortunes with key sectors, including banking, agribusiness, horticulture and insurance featuring prominently.
[Column] Christian Mahncke: South Africa continues to tippy-toe into the cloud
Research shows that 93% of South African companies are developing a cloud strategy, and are either in the implementation stage, or in the planning stage, of their cloud journey.
[Column] Ashok Shah: Digital trends driving insurance in Africa
The past few months have seen digital becoming more integrated with industry sectors across Africa. But it is the data-rich environment of insurance that has especially benefitted from this with several trends emerging that impact on the effectiveness of its delivery in the continent.
[Column] Hannes Venter: Tomorrow's smart cities will need equally smart utilities
Sustainable energy consumption and 'green' energy production at home is becoming a new lifestyle.
[Column] Ashok Shah: Capitalising on new insurance opportunities in East Africa
Consolidation is taking place in the East African insurance market due to rising capital requirements and mergers with international firms that want to gain a foothold in the region. Ashok Shah, Group CEO of APA Apollo examines the opportunities this brings.
[Startup Interview] Frank Balestra, Founder, AB Minerals & Made for Africa Eco-Friendly solution
Frank Balestra is a Canadian who has lived in Africa the better part of the last five years, both in the DRC and Rwanda. This has given him a good understanding of the people, the African culture, the countries and the coltan industry.
[Column] Phyllis Wakiaga: Empowering women through renewable energy
The more central energy is to our lives, the more crucial it is to provide equal access and distribution for all in order to secure our country’s future. Increasingly, what we are realizing is that this accessibility is made problematic and the lack of it exacerbated by the growing poverty gap in spite of modern technological advances.
African Energy Chamber launches initiative to celebrate women in the sector
The African Energy Chamber has launched a new initiative that not only celebrates women in the energy sector but empowers them too – The African Women Business Energy Network.
Low-carbon investments to rise by $60b in 2023 as inflation weakens, hydrogen and CCUS spending to surge, Rystad Energy
Spending on low-carbon projects will increase by $60 billion this year, 10% higher than 2022, led by wind developments but helped by a significant rise in funding for hydrogen and CCUS infrastructure, Rystad Energy research shows.
[EIB]:Une nouvelle étude confirme l’extraordinaire potentiel de l’Afrique dans le domaine de l’hydrogène vert
La Banque européenne d’investissement, l’Alliance solaire internationale et l’Union africaine dévoilent une étude sur le potentiel de l’Afrique en matière d’hydrogène vert, avec le soutien de l’État mauritanien, d’HyDeal et de CGLU Afrique
New study confirms €1 trillion Africa’s extraordinary green hydrogen potential
Harnessing Africa’s solar energy to produce 50 million tons of green hydrogen a year by 2035 can help secure global energy supply, create jobs, decarbonize heavy industry, enhance global competitiveness and transform access to clean water.
Why Does Your Business Need Commercial Auto Insurance?
If you are a business owner, small or large, the importance of having auto insurance should be paramount.
African Business Roundtable organise un événement en marge de la COP27 pour les objectifs climatiques de l'Afrique
À l'occasion de la 27eme Conférence des parties des Nations unies sur le changement climatique (COP27) qui s'est tenue à Sharm El Sheikh,Égypte, l'African Business Roundtable a organisé un événement parallèle le jeudi 10 novembre 2022, au pavillon nigérien.
African Business Roundtable holds event alongside COP27 for Africa's climate goals
On the occasion of the 27th United Nations Conference of Parties on Climate Change (COP27) that took place in Sharm El Sheihk, Egypt, the African Business Roundtable organised a side event on Thursday, 10 November, 2022, at the Nigerian Pavilion.
Arunma Oteh appointed as new board member of FSD Africa
FSD Africa announced the appointment of Arunma Oteh, a seasoned business leader, to the Board of Directors to support the organisation’s work to strengthen and deepen Africa’s financial markets, particularly in the area of green finance.
Hitachi Energy to secure power supply in Africa’s longest high-voltage direct current link
The link supplies up to 1,000 megawatts of emission-free electricity from the Inga Falls hydropower plant in the far west of the country to the Kolwezi mining region in the south.
MEA electric bus market to reach $1 billion by 2028, report
Electric bus manufacturers are always trying to improve efficiency and increase the range of their vehicles.
Global travel insurance market to reach $119 billion by 2030, report
The growth of the global travel insurance market is driven by factors such as rising tourism demands post the pandemic are boosting the growth of the travel insurance market.
[Column] Kelly-Ann Mealia: South Africa advances Gas-to-Power agenda
As South Africa experienced Stage 4 load-shedding last week, state-owned utility Eskom announced plans to issue a request for proposals (RFP) for the supply of gas to the Ankerlig and Gourikwa open-cycle gas turbine (OCGT) power stations in the Western Cape province.
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COLUMNS.
[Column] Louis Avenant: Trends for African telcos in 2024
Africa’s vibrant telco sector is set for a bumper year in 2024 as it expands operations and broadens service offerings ...read full column here
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[Column] Virodh Sunderlall: What to expect from South Africa’s cybersecurity landscape in 2024
As widely reported last year, South Africa received the most cybersecurity threats on the continent by far ...read full column here
[Column] Stephen Bottger: The power of data analytics to revolutionise public safety
The use of applications, technology and data analytics can play a significant role in public safety globally ...read full column here
INTERVIEWS.
[Interview] Chester Wisniewski, Director of Global Field CTO, Sophos
Chester Wisniewski, the Director of Global Field CTO at Sophos, emphasizes several key trends and predictions for the cybersecurity realm in the coming year … read full interview here
[Interview]: Daniel Otu, Koa’s Production and Operations Director & the factory project lead
Daniel Otu, Koa’s Production and Operations Director & the factory project lead, touched on the challenges faced, the importance of sustainability, the role of local culture, and the lessons that shaped Koa’s future vision … read full interview here
[Interview] Oluwole Eweje, CEO-WATT Renewables Corporation
We provide sustainability for communities, especially communities that have very few businesses … read full interview here