Africa: UK-Funded Unitaid Launches Initiative to Boost Medical Oxygen Access in Sub-Saharan Africa

[ad_1] Nairobi — This week, Unitaid, funded by the UK government, announced a significant US$22 million investment to support the establishment of Africa's first regional liquid oxygen manufacturing program, aimed at improving access to medical oxygen in sub-Saharan Africa. The initiative will focus on East and Southern Africa, with production facilities set to be established in Kenya and Tanzania. This pioneering program is designed to increase medical oxygen production in East Africa by 300% and reduce oxygen prices by up […]

October 25, 2024

Africa

Africa: Joe Biden in Africa – U.S. President Has Ignored the Continent for His Entire Term – Why He’s Visiting Angola

[ad_1] US president Joe Biden chose to visit Africa in the final weeks of his presidency. It would be his first trip to the continent since taking office in January 2021. The trip was postponed at the last minute because of the devastation wrought by Hurricane Milton in the US. It has been rescheduled for the first week in December. Angola is located in the western region of southern Africa. With 37.2 million people, it is the 11th most populous […]

October 17, 2024

News

Rwanda: Investors Look to Exploit Rwanda’s Popular Twin Lakes

[ad_1] Investors are increasingly eyeing tourism and hospitality projects along Rwanda's twin lakes of Ruhondo and Burera, aiming to transform the area into a vibrant tourism hub, The New Times has learned. Located in the northern part of Rwanda, near Musanze District, the twin lakes offer views of the surrounding steep hills and waterfalls. Visitors can also enjoy panoramic views of the Volcanoes National Park, home to the mountain gorillas. The park includes five volcanoes: Muhabura, Sabyinyo, Karisimbi, Bisoke, and […]

October 16, 2024

Africa

Africa: Seplat – ESG, Regulatory Frameworks Driving Energy Investments in Africa

[ad_1] Abuja — The Chief Financial Officer, Seplat Energy, Mrs. Eleanor Adaralegbe has argued that Environment, Social and Governance (ESG) standards and regulatory frameworks in African countries significantly shape oil and gas investments on the continent. Adarakegbe, who said this during a panel session at the Africa Oil Week (AOW) Conference & Exhibitions in Cape Town, South Africa, noted that these factors influence costs, compliance requirements, and project risk profiles. Eleanor, while speaking on the theme 'ESG Investing: What strategies […]

October 15, 2024

Africa

African Countries Seek $5bn for New Energy Bank

[ad_1] Abuja — A coalition of oil-producing African countries is seeking $5 billion to launch an "energy bank" that would fund projects on the continent, as frustration grows over the reluctance of western institutions to bankroll fossil fuel initiatives because of environmental concerns, FT has reported. The 18-member African Petroleum Producers' Organisation (APPO) hopes the lender can begin operating in early 2025, according to the Executive Vice President of global trade at the African Export-Import Bank, Haytham El Maayergi, a […]

October 15, 2024

Africa

Africa: Brics – a Fairer Global Order – or a Bigger Russian Support Group?

[ad_1] This month's BRICS Summit should indicate the club's future direction, which could see the three original democracies distancing themselves. Is BRICS a broadly useful association to reduce much of the world's dependence on the West? Or is it becoming an instrument to help Russia - and to an extent China - counter their own growing tensions with the West? Russia, in particular, has an incentive to overcome its isolation because of its invasion of Ukraine. The answer to these […]

October 15, 2024

Africa

Africa in a Multipolar World

[ad_1] How does the continent press its advantages in the age of multipolarity, summit diplomacy and the new scramble for minerals for the Fourth Industrial Revolution? The recent Forum on China Africa Cooperation (FOCAC) in Beijing highlighted the importance for African countries of their relations with China. All were represented (except Eswatini), dozens at head of state level. The meeting demonstrated China's commitment to Africa, with President Xi pledging another $50 billion of badly-needed investment in Africa over the next […]

October 11, 2024

Africa

Africa: Girls Transform Africa – Five Reasons Why Investing Today Will Build the Africa of Tomorrow

[ad_1] As we mark the International Day of the Girl Child, it is sobering to realize that only 16 million out of more than 37 million adolescent girls in Western and Central Africa are currently enrolled in secondary school. Of these, fewer than half will complete lower secondary school, and many will enter early marriage or childbearing before they become adults. These numbers reflect lost potential and futures limited by circumstances beyond their control. The good news is that every […]

October 11, 2024

Africa

Africa: Why Tanzania Is a Promising Investment Destination in East Africa

[ad_1] TANZANIA: TANZANIA is increasingly emerging as a top choice for investors worldwide, reflecting the sixth phase government's achievements in enhancing the business environment. The country stands out as a beacon for investors seeking stability and growth in East Africa, leveraging its strategic geographical position and political stability to promise returns on investment. The surge in investment is evident in the recently concluded first quarter (Q1) of the 2024/2025 financial year (FY), where Tanzania registered 256 new projects, a significant […]

October 10, 2024

Investment