African Countries have Led a Successful Push against Solar Geoengineering
At the UN Environmental Assembly, held in Nairobi last week, Switzerland proposed a resolution that was widely interpreted as seeking to pave the way for a de facto moratorium on solar geoengineering, imposed in 2010, to be relaxed. At the conference, the African group was at the forefront of opposition to the Swiss proposals, reflecting […]
Officials Encourage American Firms to Relook the Zimbabwe Market
US businesses may re-examine their stance on Zimbabwe following the adoption of a new sanctions program which places only three entities and the nation’s top leaders including Zimbabwean President Emmerson Mnangagwa under restrictions. “It’s an opportunity for businesses to reexamine their de-risking models and look at the Zimbabwe market,” David Gainer, assistant secretary in the […]
Africa Needs to Seize the Opportunities of Film Tax Incentives
In 2004, South Africa introduced a rebate program that provides a 25% rebate on qualifying local production expenses. This amount was later increased from 25% up to 35% for local productions. This incentive has been instrumental in drawing a host of international productions to the country, contributing an estimated $1.5 billion in foreign direct investment […]
It’s Too Early to Tell If the Namibian Offshore Oil Play will Turn into another Large Source of Oil
Shell, TotalEnergies and Portugal’s Galp have made a series of discoveries of oil (and some gas) off the coast of the south-west African country in the past two years. Together these could produce hundreds of millions, if not billions, of barrels of oil. Chevron has applied to drill as many as 10 wells starting in […]
In Nigeria, Yesterday’s Price is Not Today’s Price
On the wealthy peninsula of Victoria Island in Lagos, Nigeria’s commercial capital, no one knows how much their grocery shopping costs. Prices are changing so quickly that shopkeepers have given up on tags altogether. At the till, one might be shocked to discover that a tomato is now 8 cents. Last year that could get […]
Rwandan Startup Offers Medical Equipment and Products through an AI-powered, Data-driven B2B Platform
Founded in 2018, Viebeg has developed the online “VieProcure” platform, which offers a free, data-driven procurement solution for hospitals, clinics, pharmacies and other healthcare providers. “It enables a transparent and efficient procurement process, allowing healthcare providers to select from a diverse product range online, eliminating the need for time-consuming manual processes,” Tobias Reiter, the startup’s […]
The IMF is Assessing the Impact of a Deep drought in Zambia
The International Monetary Fund said on Thursday that it will visit Zambia, tentatively mid-April, to assess the adverse impact of the ongoing drought on growth and the country’s budget. Zambia is experiencing drought conditions in 84 of its 116 districts. The rainy season, that usually runs from October to March, ended in late January. “The […]
Tech-driven Tools Play Vital Role in Addressing Sea Security Threats in West and Central African States
The Gulf of Guinea – a coastal region that stretches from Senegal to Angola – is endowed with vast reserves of hydrocarbon, mineral and fisheries resources. For a long time, however, countries in the Gulf of Guinea haven’t properly monitored what’s happening in their waters. This has allowed security threats at sea to flourish. The […]
Nigeria Re-iterates its Intention to Join the BRICS Group
Nigeria’s Minister of Foreign Affairs, disclosed to the media that Nigeria is looking to send in its application to join the elusive club. Very recently he restated that the country has not abandoned its objective to be a part of the BRICS group in the next two years, an idea he has been touting since […]
The Highest Annual Sales Value Recorded in the History of South Africa’s Largest Township
Just more than 2,200 residential properties worth nearly R900m changed hands in Soweto last year. Soweto, on the southwestern outskirts of Joburg, has a footprint of about 200km² and is home to an estimated 1.3-million people, almost a third of the city’s total 4.4-million population. Homebuyers are flocking to the area as developers expand sectional-title […]
