Africa’s Green Wall Initiative Gets Cash Injection
The World Bank plans to invest over $5 billion over the next five years to help restore degraded landscapes, improve agriculture productivity, and promote livelihoods across 11 African countries on a swathe of land stretching from Senegal to Djibouti. The more than $5 billion in financing will support agriculture, biodiversity, community development, food security, landscape […]
Meet the New Head of USAID
US President-elect Joe Biden is to appoint experienced ambassador Samantha Power as head of development agency USAID in a potential boost to its capabilities in Africa. In an expanded role, Power, who served as the US ambassador to the United Nations in the Obama administration from 2013-17, will also sit on the National Security Council, […]
Counting the Costs of South Africa’s Ban
Anheuser-Busch InBev NV’s South African division canceled a further $165 million of investment after the government banned alcohol sales for a third time to control a resurgence of coronavirus cases. The move brings the amount of spending called off by South African Breweries to 5 billion rand since the Covid-19 pandemic began to take off in […]
Is a New Debt Crisis Mounting in Africa?
“Africa’s debt crisis hampers its fight against Covid-19” and “African nations sitting on debt volcano.” These are all headlines from as far back as August 2019, from various international and African media outlets, aiming to objectively inform the general public about Africa’s finances. The problem with these headlines? They are not impartial. They all come […]
Tesla Billionaire Elon Musk is the Richest Person in the World Once Again
Overtaking Jeff Bezos as shares of Amazon fell on Thursday. Amazon’s stock fell 1.2%, lowering Bezos’ net worth by $2 billion, to $182.8 billion. Shares of electric-vehicle maker Tesla, on the other hand, lost 1.1% on Thursday, pushing Musk’s net worth down by $1.8 billion. Musk is now worth $182.9 billion, which again makes him […]
Dealmakers Gather In Paris: AOP Brings Euro Finance And African Power And E&P Deals To Table In June 2021
Africa Oil & Power will host African government delegations and European financiers at the first AOP Investor Forum to be held in Paris. The event is entirely dedicated to getting major commitments committed and signed between European investors and African companies and governments. The event will promote continued synergy between petroleum and renewables actors and […]
Ending Violence In Mozambique Will Require United Effort; African Energy Chamber Stands Ready To Assist
I won’t sugarcoat it: The situation in Mozambique’s northern Cabo Delgado province is dire. Armed conflicts between security forces and the militant Islamic group, Ahlu Sunnah Wa-Jamo (ASWJ), known locally as “al-Shabab” even though it has no connections to the Somali group with that name, have left dozens of people dead and displaced thousands since […]
Fossil Fuels To Continue Dominating Africa’s Energy Mix Through 2030
A new study, published in Nature Energy, from the University of Oxford predicts that total electricity generation across the African continent will double by 2030, with fossil fuels continuing to dominate the energy mix – posing potential risk to global climate change commitments. A new study into Africa’s energy generation landscape uses a state-of-the-art machine-learning […]
ANTICOV Treatment Clinical Trial Crucial For Africa
By Sam Otieno The ANTICOV COVID-19 clinical trial, aimed at identifying treatments that prevent mild cases from progressing to severe forms of the disease, is crucial to Africa, researchers say. The trial will investigate home-based treatments to help prevent local health systems from being overwhelmed. Borna Nyaoke-Anoke, Senior Clinical Project Manager & Medical Manager for DNDi, […]
Study: Africa’s Biggest “Digital Divide” Lies In Its Rural Areas
New study by Malabo Montpellier Panel outlines huge scope for investment across agricultural value chain, allowing African farmers to leapfrog into modern practices. Digital innovations could transform African rural areas and agriculture while tackling many of the continent’s other emerging challenges, from youth unemployment, food insecurity and the need for further economic growth, a new […]