Category: AFRICA

Malawi’s FDH Bank rolls out first Islamic banking window in the Country

FDH Bank plc has rolled out Islamic banking that will provide Shariah-compliant products and services managed separately through a special window from conventional banking. Islamic banking, also referred to as Islamic finance, is premised on two fundamental principles of Islamic banking, which entails sharing of profit and loss and the prohibition of the collection and payment of interest by lenders and investors. FDH Bank plc board chairperson Charity Mseka said on Wednesday in Blantyre that the roll out of Islamic banking services, the first in the country, is not just…

Africa enters epic global AI innovation race, joining world’s tech capitals as an epicentre for digital advancement

Marrakech, Morocco: The AI mania that’s transforming business, government and society globally is also igniting waves of innovation across Africa, with the shape-shifting tech’s existential prospects powering a cross-continental investment surge at the AI Everything Expo by GITEX AFRICA in Morocco next month. Africa’s epic AI opportunity is already disrupting digital advancements in diverse sectors from finance and agriculture, to healthcare and mobility, all fueling a booming AI market that, according to analysts Statista, will grow 30 percent annually over the next six years to value US$17 billion by 2030.…

Re-designing the African Rural Built Environment for Sustainability(PART TWO)

By: Mohammed A. Abu Today we bring you the  Part Two and final on the efforts of two change agents at re-designing the Togo, rural Built Environment for sustainability. An initiative that was to get full buy-in of Nor “Wester Rotary Grant,US. Dignity Toilets are zero water usage and are climate smart for that matter. The dwindling water stock levels of aquatic or fresh water systems the result of  climate change impact, continue to raise concerns globally and more so, in African  rural communities that tend to be the most…

ECA urges African countries to adopt technological solutions to monitor their development strategies

To bolster national planning activities, policymakers have been urged to embrace digital tools to foster greater transparency, efficiency, and effectiveness. The call to action was made during the meeting on “Leveraging Digital Technologies for Integrated Planning to Advance the SDGs and Agenda 2063 in Times of Multiple Crises”, which took place as a side event at the Tenth Session of the Africa Regional Forum on Sustainable Development (ARFSD-10). Mr Antonio Pedro, Deputy Executive Secretary of the UN Economic Commission for Africa (ECA), stressed the importance of technology in supporting development…

Re-designing the African Rural Built Environment for Sustainability

By: Mohammed A. Abu The African rural built environment is where one still easily finds age-old residential buildings,mosques among others,constructed by using earthen and other forms of local materials. They constitute a somewhat near description of the contemporary day “Green Buildings” concept in their own right. The amazing durability of centuries-old mosques in Ghana’s northern sector including remnants of an ancient days security defense wall built with local materials to protect an ethnic kingdom from external aggression, has since attracted research interest from most especially, building engineering scientists in the…

Real Estate Investment Opportunities in Africa: A Systematic Data-driven Series-Part-2. (By Daniel Kontie)

Last week we published part one (1) of this series and we are indeed thrilled with the positive feedback that came from our readers across the globe. It will interest you to know that over one hundred (100) people read the article within the first week of its publication according to our reading tracker. This is good news and an encouragement for us to work harder in disseminating the information on the prospects of real estate investment in Africa to all prospective investors across the world; brought to you by…

Real Estate Investment Opportunities in Africa:A Systematic Series on the Ghanaian Sector-PART-1(By Daniel Kontie)

  Real estate investment in Ghana has become an increasingly attractive option for investors looking to diversify their portfolios and tap into the country’s promising real estate industry, the country with a stable political environment, a young and rapidly urbanizing population, and rising incomes, Ghana’s real estate sector presents exciting opportunities in all categories of real estate, the residential, commercial, and industrial properties. This is a series brought to you by the Africa Continental Engineering & Construction Network Ltd (www.acecnltd.com)  that seeks to provide asystematic exposition on the real estate…

Africa Climate Roundtable to unify African voices on climate resilience and adaptation.

The African Risk Capacity (ARC) will be convening leading partners in Africa’s climate and food security space.in Johannesburg, South Africa, from 7-8 May 2024,according to a recent  official statement issued in Johannesburg on the 9th  April. Ahead of COP29, which will take place this year in Baku, Azerbaijan, the statement said, the Africa Climate Roundtable will bring together leaders from across the continent, “It is an opportunity to forge a common and decisive African voice on matters of climate resilience and adaptation”, it noted. Africa, the statement noted, has a…

West Africa’s franc: is time up for the colonial currency?

By: Kai Koddenbrock, Bard College Berlin First Published,April 8,Africa Edition/The Conversation At no point in history has the CFA franc – the name of a colonial currency used in west and central African countries belonging to the franc zone – been closer to its demise. Senegal has overwhelmingly voted for leftwing Pastef candidate Bassirou Diomaye Faye (and his former party leader Ousmane Sonko) while the coup governments in Mali, Burkina Faso and Niger have been talking about leaving the CFA franc for some time. Senegal under outgoing president Macky Sall was a pillar of the longstanding French attempt…

Ghanaian and Senegalese entrepreneurs to benefit from African Development Bank Youth Entrepreneurship and Innovation Multi-Donor Trust Fund (YEI MDTF) grant for green jobs in natural resources

ABIDJAN, Ivory Coast, April 8, 2024/ — The African Development Bank (www.AfDB.org), through its Youth Entrepreneurship and Innovation Multi-Donor Trust Fund (YEI MDTF) (https://apo-opa.co/3J81Cnx), has approved a $999,000 grant to support an initiative to foster green jobs for women, youth and people with disabilities. The Strengthening Women, Youth and People with Disabilities’ Micro-Entrepreneurship for Green Jobs (https://apo-opa.co/3U9MFqb) in Natural Resources (MicroGREEN) project aims to foster inclusive economic growth by providing up to 500 green job opportunities and business development services to marginalized groups in Ghana and Senegal. The target reach group…