Africa Business Development Featured World 

The anatomy of investing for sustainable development in Africa

– – As economies across Africa look to recover from the economic devastation wrought by COVID-19 and the global supply chain issues that followed it, investment will be more important than ever. But it’s also becoming increasingly obvious that if the continent is to achieve its true potential, a different kind of investment strategy is needed. In addition to health and welfare, the last two years have also sharpened an already growing consciousness about the environment and climate. With the world scrambling to limit global warming to 1.5 degrees above…

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Africa Featured Southern Africa World Zambia 

Zambia: High rates of maternal deaths spark concerns

– – Mid wives around the world, celebrated their day, this month on 5th May, under the theme ‘100 Years of Progress’. For Zambian midwives and the health ministry, however, the International Day of the Midwife celebrations may have been bittersweet, thanks to the many cases of maternal health failings experienced in the country. The Ministry of Health, in Zambia, is concerned that the rate of infant mortality in the country, continues to be high. Health Minister, Sylvia Masebo, disclosed, recently, that Zambia was losing over 700 mothers every year…

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Africa World 

Data security and privacy laws develop across Africa

– – Numerous countries in Africa have developed or implemented data privacy and security laws in their countries in the last few years. With the rapid rise in digitisation as a result of the pandemic, the broad implementation of such laws across the continent has never been more urgent. Countries including Ghana, Kenya, Madagascar, Mauritius, Nigeria, Rwanda, South Africa, Togo, Uganda and Zimbabwe have been implementing new measures to protect and secure the personal information of their citizens. In Ghana, data protection is regulated under the Data Protection Act, 2012…

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Africa World 

African flag registries exploited by high-risk fishing operators

– – A report published by international maritime intelligence organisations TMT and I.R. Consilium, examines both how foreign fishing operators are accessing and exploiting African flag registries for their fishing vessels in pursuit of legal impunity, and how weaknesses in African flagging regimes attract this exploitation. The global fishing market is projected to be worth $194 billion by 2027, so there is ample financial reward to be gained by fishing illegally. High-risk fishing vessel owners – those operations that are most likely to engage in illegal, unreported, and unregulated (IUU)…

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Africa Business Featured Russia World 

Russia parries off Ukraine invasion blame for global economic crisis

– – The Russian government has rejected recent news reporting with the narrative that its invasion of Ukraine has led to a global economic crisis. Russia is currently engaged in a war with Ukraine, a move that has led to several sanctions being placed on the Eastern European super power. The International Monetary Fund has said that the economic damage caused by Russia’s invasion of Ukraine will lead to a significant slowdown in global growth in 2022. The IMF said in its latest update of the World Economic Outlook report released on…

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Africa Business Featured World 

Why the AU is pushing for an African credit rating agency

– – There is an urge and surge from the African Peer Review Mechanism (APRM), an organization under the African Union to work towards establishing an African-owned credit rating agency by the end of this year. The need for such African Credit Rating Agency followed complaints from some African countries that credit rating agencies from the West aren’t being fair towards them. Credit rating agencies basically provide vital information for investors globally who intend buying bonds issued by countries. Such information helps investors to decide whether countries can meet their…

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Africa Business Ghana World 

Ghana: Climate risks could cost transport sector $3.9 billion

– – A new report estimates that by 2050 climate risks could cause damage worth $3.9 billion in Ghana’s transport sector. But the report also offers a roadmap that could prevent the worst from happening. It also highlights extensive efforts by the government to counter climate risks. The potential damage of $3.9 billion is thrice the investment of $1.3 billion made in the sector in 2019, according to the study. The research was led by the national Ministry of Science, Environment, Technology and Innovation, in partnership with the Global Center…

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Africa World 

Why the inside of your car is filthier than a toilet seat

– – Do you know that your car could be hosting the most germs compared to your toilet? Well researchers in the UK say cars are not only filthy on the outside but inside too. In fact cars host more germs of significantly higher levels than the average toilet seat, according to a study by researchers at Aston University in Birmingham, UK. The researchers say they collected swab samples from the insides of five used cars and compared them with swabs from two toilets. They found in most cases high levels of bacteria…

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Africa World 

The role of gas as an enabler of the energy transition

– – The threat of climate change has been firmly in the spotlight, with several discussions and commitments at the recent UN Climate Change Conference in Glasgow, Scotland. The importance of gas as an enabler of the energy transition in Africa is again being highlighted. According to the US Energy Information Administration, natural gas emits almost half the carbon dioxide of coal, making it a viable way to transition to a lower carbon impact. Kweku Frempong, Area General Manager for West and Central Africa at Aggreko, says governments across the…

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Africa West Africa World 

Why ECOWAS didn’t impose sanctions on Burkina Faso

– – Ecowas heads of state have decided against imposing any sanctions on Burkina Faso after concluding their meeting in Ghana’s capital Accra on Thursday. Soldiers seized power Burkina Faso last month, ousting President Roch Kabore, an action that led to Burkina Faso’s suspension from ECOWAS and the African Union. The West African leaders have asked the junta release unconditionally, ousted President Kabore and rapidly propose an election timetable. There were no extra sanction because Burkina Faso coup leaders  showed willingness to work towards a return to constitutional order, according…

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