Year 7 | Edition 7 | 25 September 2020

FAO, IBM and Microsoft relaunch commitment towards developing AI practices to promote food security

The Food and Agriculture Organization of the United Nations (FAO), IBM and Microsoft, at an event organized with the Pontifical Academy for Life, relaunched a commitment towards developing forms of Artificial Intelligence (AI) that are inclusive and promote sustainable ways to achieve food and nutrition security.

The aim of the event, AI, Food for All. Dialogue and Experiences is to reinforce and build upon the Rome Call for AI Ethics endorsed by Pope Francis and co-signed by FAO, IBM...

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Greenlight Planet secures $90 million to expand solar financing model in Africa

Greenlight Planet Inc., a provider of solar-powered home energy products in sub-Saharan Africa and South Asia, has secured $90 million in new funding to expand its Pay-As-You-Go (PAYG) solar consumer financing business and consolidate its debt portfolio.

Akira Partners and Orrick Herrington & Sutcliffe advised Greenlight Planet. Under its Sun King brand, Greenlight Planet operates the largest direct-to-consumer PAYG solar distribution and service network in the world, having...

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56 per cent of Ghanaians polled believe Mahama has better economic track record

Results of the second wave of the Ghana Election Poll which ran online from July 1 to August 1, 2020, via the renowned market research firm MSI-ACI showed that a large number of Ghanaian believe former President John Dramani Mahama has a better economic track record than President Nana Addo Dankwa Akufo-Addo.

More than half of Ghanaian adults (56%) out of the weighted sample of 2,055 who took part in the poll believe that the former president has a better track record on the economy...

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Local poultry production shows moderate growth in South Africa

The production of South African poultry increased by 5% during the first 8 months of the year, when compared to the same period last year, despite the challenges to the operating environment brought on by COVID-19.

This was reported by the South African Poultry Association during the 2nd Poultry Executive Oversight Committee (EOC) meeting, which was held virtually. The meeting was co-chaired by the Minister of Trade, Industry and Competition: Mr Ebrahim Patel and the Minister of Agriculture, Land Reform...

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Unilever, Small Business Development partner to increase SMMEs investment in South Africa

Unilever Southern Africa has partnered with the Department of Small Business Development to increase investment in Small, Micro and Medium Enterprise (SMMEs) development.

This commitment was made by Unilever CEO, Luc-Olivier Marquet, during a meeting with Minister Khumbudzo. Present at the meeting was a board-level delegation from Unilever, a senior delegation from the Department of Small Business Development as well as representatives from the Small Enterprise Development Agency (SEDA) and the Small...

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[Column] Reem Asaad: The changing face of technology in Africa and the Middle East, how efforts at improving gender equality are making a difference

Among the world’s top 10 global tech giants, women hold just 19% of tech-related jobs. In South Africa this figure amounts to 23%, according to Women in Tech ZA, and is in part the result of an under-representation of women studying science, technology, engineering and mathematics (STEM) degrees.

This, in turn, has its roots in earlier levels of education that often fail to present STEM as a viable course of study and career choice for girls and young women. Yet, the face of...

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[Column] NJ Ayuk: It’s time for the legal profession to embrace change

Under the best economic circumstances, paying for legal services can be difficult for small businesses and startups. With the COVID-19 pandemic currently wreaking havoc on the global economy — and companies’ cash flow — there’s a good chance that businesses around the globe are putting their legal needs on the back burner.

It wouldn’t be the first time; during the Great Recession, for example, growth in demand for U.S. law firm services dropped from 4.1% in 2007 to -5.1% in 2009. While putting off legal...

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[Column] Heléna Costaras: Urbanization in Africa: Tracking the opportunities

Africa is the fastest urbanising region in the world with an average annual urbanisation rate of 3.2 per cent, well ahead of the global average of 2 per cent.

472 million people currently live in African cities and this number is expected to grow to 810 million people by 2035. Comparatively, this translates into adding a city the size of Lagos every year for the next 15 years to the region. A large proportion of this urban growth will be concentrated in small and medium-sized or secondary cities and towns, alongside...

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[Column] Charles Lufumpa: Rebuilding Africa and strengthening its resilience against future economic shocks

After demonstrating its resilience during the Ebola outbreak and the global financial crisis, Africa is once again facing a severe test of its strength and agility because of the coronavirus pandemic.

The good news is that the continent has entered this crisis in reasonably good shape following decades of progression in health, education and economic outcomes. As of early 2020, macroeconomic fundamentals in Africa were improving, with investments, rather than consumption, accounting for more...

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[Free Webinar] Incentro Presents: Digital Transformation in Africa with G Suite - use Google Cloud to run your businesses remotely

When: 29 September 2020

From: 12:00 - 13:00 EAT

Where: Free Webinar

For: CIO/CTO/ Senior IT Management of companies in Sub Saharan Africa

See how your peers are using Google Cloud to run their businesses from home...

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News Headlines

21-01-2021 | 11:25:00
MIGA issues $25.6m in guarantees to Escotel Mauritius for solar power generation in Sierra Leone and Liberia
MIGA, a member of the World Bank Group, issued guarantees of up to $25.6 million to Escotel Mauritius covering its investments in solar power generation in Sierra Leone and Liberia for a period of up to ten years.

21-01-2021 | 11:08:00
Kenya Power rolls out smart metering project for SMEs customers
Kenya Power has rolled out a smart metering project that will benefit customers in the Small and Medium Enterprise (SMEs) sector across the country.

21-01-2021 | 10:52:00
InfraCo Africa, Global Logistics Services to commence construction on Liberia Inland Storage Facility project
InfraCo Africa and Global Logistics Services have signed an Engineering, Procurement and Construction contract with Liberian contractor, BMC Group, to enable construction to commence on the Liberia Inland Storage Facility project.

21-01-2021 | 07:13:29
Andersen Global enters Malawi
Andersen Global establishes a foothold in the Malawi market through a Collaboration Agreement with Knight & Knight, bolstering its platform on the African continent and adding additional coverage in the eastern region.

21-01-2021 | 07:11:05
Séché strengthens its positions in South Africa with acquisition of Spill Tech
Global waste treatment company Séché Environnement has announced the signature of an agreement for the acquisition of Spill Tech 1, a company in environmental emergency and decontamination services in South Africa.

21-01-2021 | 07:10:00
The UN approves new strategy to accelerate business action to achieve SDGs, more ambitious climate targets
The UN Secretary-General, António Guterres, Chair of the Board of the UN Global Compact, announced a new three-year strategic plan to increase and accelerate corporate sustainability and principled business.

20-01-2021 | 14:46:07
Kasada acquires eight hotels in Sub-Saharan African from AccorInvest
Funds advised by Kasada Capital Management announced the first transaction made through the debut fund, Kasada Hospitality Fund LP, acquiring a portfolio of Sub-Saharan African Hotels from AccorInvest.

20-01-2021 | 13:40:00
Qatar Airways resumes flights to Cairo, Egypt
Qatar Airways resumed flights to Cairo in the Arab Republic of Egypt with a daily service. QR1301 departed Hamad International Airport to Cairo International Airport at 15:15 local time and landed at its destination at 17:40 local time.

20-01-2021 | 13:13:00
[Zambia] Glencore signs contract to sell 73% of underlying stake in Mopani for $1.5b
Glencore announced that its subsidiary Carlisa Investments, in which Glencore holds 81.2% of the shares, has signed an agreement with ZCCM Investments to transfer its 90% interest in Mopani Copper Mines.

20-01-2021 | 07:39:57
United Women Economic Development Network launched to advance women empowerment
Women business leaders and entrepreneurs from the United States, Bahrain, Morocco, Israel, United Arab Emirates, Sudan, Uzbekistan, and Kosovo have convened for the virtual launch of the United Women’s Economic Development Network.

19-01-2021 | 12:30:00
The young stars inspiring an Esports wave in Africa
As esports dominate modern entertainment industry as a fast growing sport, Kenya and South Africa youth continue to dominate the world of competitive video gaming.

19-01-2021 | 08:44:27
[Kenya] Clir Renewables partners with Lake Turkana Wind Power to optimize its wind farm performance
Clir Renewables has partnered with Lake Turkana Wind Power (LTWP) to enhance wind farm performance tracking and support its Kenya-based team in realizing potential opportunities for optimization.

18-01-2021 | 11:15:00
[Kenya] African Elite Group awarded best boutique PR Agency award at global event
Boutique PR agency, African Elite Group Ltd, headquarters in Nairobi, Kenya has been awarded an international award, at the 4th annual MEA (Middle East & Africa Markets) Business Awards 2020.

18-01-2021 | 09:32:45
DHL Express purchases eight additional Boeing 777 freighters
DHL Express, world’s express service provider together with Boeing announced that the global logistics company placed an order for an additional eight new Boeing 777 freighters.

18-01-2021 | 09:16:19
Siemens Mobility signs MoU to install high-speed rail system in Egypt
The National Authority for Tunnels, a governmental authority under the jurisdiction of the Ministry of Transport of Egypt, and Siemens Mobility signed an MoU to design, install and commission Egypt’s first ever high-speed rail transportation system.


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