Nigeria Returns to the Market with N100 billion Sukuk Offer By: Mohammed Abu Abdul Aziz Adewuyi Abdul Rahman of the Universiti Utra of Malaysia,in his abstract of his paper titled,” Sub-Sahara’s Infrastructure Funding Gap: Potentials from Sukuk Financing” notes that,Sub-Sahara African (SSA) region as a large part of the African continent suffers huge infrastructure deficit mainly as a result of the vast funding gap. The negative impact of the infrastructure deficiency continues to constrain socioeconomic development and the general well-being of the people of the region. Heavy reliance on the…
Year: 2022
Breaking Africa’s Industrialization Jinx
Beefing up Private Sector/ending raw materials exports, get focus!!! ……As African Union Extraordinary Summit ends in Niamey NIAMEY, Niger, December 1, 2022/ — African leaders reviewed the continent’s progress in industrialization, economic diversification, and the African Continental Free Trade Area (AfCFTA) in the context of global shocks, debt vulnerabilities, climate change, and security concerns. Twenty heads of state and government as well as their representatives attended the African Union Extraordinary Summit on Industrialization, Economic Diversification, and the AfCFTA in Niamey. “Not so long ago, the juxtaposition of the words industrialization…
From Africa to the World: Landmark Event Presents Circular Economy Solutions for Green Growth, Climate and Biodiversity
The WCEF2022 will challenge many shortcomings and destructive consequences of the predominant wasteful linear economy and introduce the concepts and opportunities of the circular economy KIGALI, Rwanda, November 29, 2022/ — The 6th World Circular Economy Forum WCEF2022 (www.WCEF2022.com) will take place 6–8 December in Kigali, Rwanda. This year’s forum will focus on how the circular economy can reduce greenhouse gas emissions, support climate change adaptation, safeguard biodiversity and bring benefits to our societies. One of the world’s leading circular economy events, originating in Finland, WCEF2022 will bring together business leaders,…
IBF Industry Stakeholders go back to School in Manama.
……As CIBAFI-Ivey Business School Resume Collaboration Story: Mohammed A. Abu The Manama, Bahrain based General Council for Islamic Banks and Financial Institutions(CEBAFI), and Ivey Business School, Western University,Canada, have kick started continuation of their productive collaboration through the eight series of their Executive Programme. The 2022 edition of the programme themed:” Agile and Strategic Leadership for Succeeding in a Hyper Turbulent World”,will run for two days,a Press Release issued by CIBAFI in Manama,Monday said. “After conducting the last two series of this highly interactive programme virtually, CIBAFI and Ivey Business…
ABH 2022 GRAND FINALE
MEET THE ABH 2022 TOP 3 WINNERS 1ST PLACE WINNER Elia Timotheo, Founder and CEO of East Africa Fruits Co. (Tanzania) https://www.eafruits.com/ Elia has grown East Africa Fruits Co into the largest food distributor/aggregator in Tanzania by modernizing systems never implemented in East Africa before. By distributing fresh produce directly from farms to B2B customers, they ensure no brokerages and less waste. The software resolves market inefficiencies by pairing crops with market demand, boosting efficiency, and yielding 60% more earnings for farmers as they tackle Africa’s 4-billion-dollar problem of post-harvest…
Caterpillar rolls out first all-electric 793 mining truck prototype
By Paul Ridden Heavy duty construction machinery producer Caterpillar has built and demonstrated an electric version of its monstrous 2,650-horsepower mining truck, aimed at helping the mining industry transition to more sustainable operations. The 793 Electric has a similar imposing look and gargantuan proportions to the 1,000-kWh effort from Anglo American and Williams Advanced Engineering, though that model was designed with battery-electric and hydrogen-electric variants in mind. The Caterpillar prototype is battery all the way. The company is not revealing what are likely to be mind-boggling specs at this stage, but…
Nigeria signs MOU for solar mini-grids project
Modified date: Nov 25, 2022 CarbonAI has signed an MOU with the Rural Electrification Agency (REA) of Nigeria to develop solar mini-grid projects across the country. According to CarbonAI, the carbon credits produced by its gas flare capture projects, which it has set up all over Nigeria, would be used to pay for the solar mini-grid installations. The initiatives will concentrate on underprivileged neighborhoods close to CarbonAI’s technologies that are harmed by gas flares. While CarbonAI will be in charge of financing, designing, and building, the REA will locate prospective project areas and communicate with…
Cheaper, tougher, less toxic: new alloys show promise in developing artificial limbs
Titanium is a strong, resilient and relatively light metal. Its properties have also been well studied; scientists know a great deal about it. All of this makes it the ideal base for fashioning artificial limbs – particularly knees and hips – and teeth. It is less likely than other metals to rust and, as research has shown, it is more compatible with the human body than, for instance, stainless steels and cobalt based materials. But there’s a major problem: titanium is not cheap. Precise data is hard to come by, but…
Ghana: African Development Fund approves $27.9 million grant for Savannah Agriculture Value Chain Development Project (SADP) The grant will increase the climate-resilient production of maize, rice and soybean, support the poultry value chain, and generate employment for women and youth ABIDJAN, Ivory Coast, November 23, 2022/ — The Board of Directors of the African Development (https://www.AfDB.org) Fund has approved a $27.9 million grant to Ghana for the development of agricultural value chains in the Savannah region. The grant will increase the climate-resilient production of maize, rice and soybean, support the poultry…
Sharjah Chamber successfully concludes trade trek in Kenya and Uganda
SHARJAH, 20th November, 2022 (WAM) — The Sharjah Chamber of Commerce and Industry (SCCI), represented by the Sharjah Export Development Centre (SEDC), concluded its business mission to Uganda and Kenya, heading a delegation that included private sector representatives and a host of prominent manufacturers in Sharjah and the UAE. The six-day mission was a hit for the SCCI as it helped explore new areas of commercial and industrial cooperation with Kenya and Uganda in such many vital domains as energy solutions, technology, food security, iron and steel, and agriculture, as…