Business News Today | Investment News Africa
The fourth edition of the regional American Chamber of Commerce Kenya (AmCham) Business Summit, has officially kicked off in Nairobi, Kenya, under the theme, ‘Catalyzing The Future of US-East Africa Trade and Investment’.
This year’s forum underscores AmCham Business Summit as the premier platform for strengthening bilateral trade and investment between the United States, Kenya, and East Africa.
Hosted by the American Chamber of Commerce (AmCham), the two-day Summit has brought together delegates from the United States of America, East and Sub-Saharan Africa in efforts to deliberate and …
The post AmCham Summit kicks off, setting course for robust future of US-East Africa trade ties appeared first on The Exchange.
This week’s passage of the “Safety of Rwanda” Bill by the UK Parliament has triggered alarm bells within the United Nations (UN), with two prominent leaders, Filippo Grandi, the UN High Commissioner for Refugees, and Volker Türk, the UN High Commissioner for Human Rights, raising concerns over its potentially harmful impact on global responsibility-sharing, human rights, and refugee protection.
Spearheaded by Prime Minister Rishi Sunak, the legislation mandates judges to deem Rwanda as a safe third country, paving the way for the deportation of thousands of migrants who have sought refuge …
The post Why the UN is raising the red flag on the UK-Rwanda asylum treaty appeared first on The Exchange.
Portuguese oil company Galp Energia has set the stage for a potential game-changer in the global energy industry with its announcement at the weekend regarding the Mopane field off the coast of Namibia.
Following the conclusion of the first phase of exploration, Galp projects that the Mopane field could hold up to 10 billion barrels of oil, marking a huge step in the evolving oil and gas industry in Namibia.
Gap noted that testing operations were undertaken at the Mopane-1X well in January and the Mopane-2X well in March gave highly promising findings. The company noted the discovery of significant light oil columns in …
The post Portugal’s Galp Energia projects 10 billion barrels in Namibia’s new oil find appeared first on The Exchange.
Across economies in Africa, a profound transition is underway. Increasingly, economies are grappling with the dual challenge of meeting burgeoning energy demand while steadily transitioning towards sustainability, a scenario amplifies the importance of economies having reliable power production.
Wärtsilä Energy, a giant power plant manufacturer and energy systems integrator in Africa, is coming forward to offer insights on how economies can easily navigate this transition. Drawing insights from the 2024 North and West Africa Energy Transition Forum in Rabat, it is evident that addressing the complexities of grid reliability and renewable energy integration requires a multipronged approach.…
The post Wärtsilä Energy offers tips on how Africa can navigate energy transition and grid reliability appeared first on The Exchange.
Africa remains the most energy-deficient continent, with approximately 75 per cent of its population lacking access to electricity. As of 2021, 43 per cent of Africans, roughly 600 million people, were without electricity access, with 590 million in sub-Saharan Africa. Consequently, nearly half of the continent’s population is unable to use basic electrical appliances.
Despite improvements in electricity access in sub-Saharan Africa, where 49.4 per cent of the population had access in 2022, up from 33 per cent in 2010, electricity consumption has not seen a corresponding increase. The persistent lack …
The post Powering Africa: Africa’s Path to Universal Electricity Access appeared first on The Exchange.
The AIM Congress 2024, which is scheduled from May 7 to 9 in Abu Dhabi, is set to be a groundbreaking event, attracting a constellation of global leaders and visionaries. The Congress, to be held at the Abu Dhabi National Exhibition Centre (ADNEC), promises to be a melting pot of ideas and innovations, with over 900 influential speakers poised to share their insights on a broad spectrum of investment-related topics.
Among the illustrious speakers at AIM …
The post Global investment trends at AIM Congress 2024: a spotlight on the keynote speakers appeared first on The Exchange.
In a move marking the strengthening bilateral relations between South Africa and South Sudan, the Strategic Fuel Fund (SFF), South Africa’s state-owned petroleum company, convened a key meeting with South Sudan’s national oil company, Nilepet, in Juba last week.
The meeting was a highlight of South African President Cyril Ramaphosa’s state visit, underscoring the growing economic ties between the two nations.
The SFF, which operates Block B2 in South Sudan and collaborates with Nilepet through the Nile Orange joint venture, has recently completed a major phase of its oil and gas exploration campaign in Jonglei state. The initial aerial survey …
The post South Africa’s deepening investment ties in South Sudan oil industry appeared first on The Exchange.
Agribusiness in Africa is undergoing significant transformations driven by population growth, urbanisation, technological advancements, and shifting consumer preferences. As a continent with abundant agricultural resources, Africa holds immense potential for agribusiness development.
African economic growth remains commodity-based, mainly on commodity exports, with minimal processing and value addition involved. To foster sustainable and inclusive growth and development in Africa, there is an urgent need to promote a new development approach based on exploiting the continent’s full agribusiness potential.
Some pressing issues call for a reorientation to support agribusiness and agro-industrial development, namely, poverty …
The post Agribusiness could drive Africa’s economic prosperity appeared first on The Exchange.
The AIM Congress, under the leadership of Dawood Al Shezawi, President of AIM Global Foundation, stands poised to host an unprecedented global gathering from May 7th to 9th. This event promises to assemble an extraordinary array of leaders, including over 25 government ministers, 45 city mayors, and 12 central bank governors, reflecting its vast international appeal and strategic importance.
With more than 900 speakers and 450 dialogue sessions scheduled, the congress aims to foster comprehensive dialogue and networking among the most influential figures across various sectors worldwide.
The sheer scale and …
The post Dawood Al Shezawi: Why AIM Congress 2024 is the epicenter of global economic and cultural dialogues appeared first on The Exchange.
In a landmark move that helps advance the journey towards sustainable development and environmental health in Africa, d.light, a firm that provides innovative solutions for low-income households, has achieved a milestone with its projects receiving certification from Verra as a trusted source of high-quality carbon credits.
This certification marks d.light’s clean cookstove initiatives in Kenya, Nigeria, and Uganda as crucial players in the voluntary carbon markets (VCMs), aiming to reduce carbon emissions, combat indoor air pollution, and curb deforestation.
…
The post d.light’s 600,000 cookstoves project verified as top source of quality carbon credits appeared first on The Exchange.
Buy me a coffee
Spenden / Donate