Category: AFRICA

Message from Rugby Africa President Herbert Mensah to South Africa’s Springbroks amidst the 2023 Rugby World Cup

CAPE TOWN, South Africa, September 10, 2023/ — As South Africa prepares for their opening game today, Herbert Mensah, the newly elected President of Rugby Africa, (www.RugbyAfrique.com), the continental governing body of rugby across Africa, issues letter addressed to Mark Alexander, President of the South Africa Rugby Union: A warrior fights with courage, not with anger. African proverb From the four (plus) corners of the greatest continent in the World, AFRICA We wish You, The Springboks well. We stand by You as we love, respect and honour You and with all…

Dagbon delegation signs condolence book for late Ga Manye

A delegation from Dagbon, sent by the King of Dagbon, Ya Na Abubakari II, has signed the book of condolence opened in memory of the late Ga Manye, Naa Dedei Omaedru III. The delegation presented items including schnapps, 20 boxes of water, and 2,000 Ghana cedis (GH₵2,000) towards the funeral. The late Ga Manye, Naa Dedei Omaedru III, passed away in December last year and burial rites are expected to commence on October 23. The Paramount Chief of Sing in the Kumbungu District in the Northern Region and Leader of…

Islamic Banking Kicks Off In Uganda As BoU Issues 1st License To Salaam Bank Ltd

By Frank Kamuntu Uganda’s central bank has issued its first Islamic banking license since the country passed legislation to accommodate Shariah-compliant finance activities in June. The license went to Salaam Bank Ltd., a unit of Djibouti-based Salaam African Bank, the Bank of Uganda said in a statement Friday. The adoption of Islamic finance, which doesn’t allow the charging of interest, could unlock significant growth in East Africa’s third-biggest economy by attracting customers who have avoided traditional lenders on religious grounds. Shariah-compliant assets are among the world’s fastest-growing financial instruments and…

Stop Sitting on Blocks: Participate in the AEW 2023 African Farmout Forum

By: N.J.Ayuk Africa’s oil and gas wealth will go to waste unless countries and companies stop sitting on blocks and invest in the production of future energy supplies Africa represents one of the final frontiers for hydrocarbon exploration worldwide. At a time when demand for oil and gas is skyrocketing globally and African nations are making great strides towards industrializing their economies, developing untapped oil and gas resources will be instrumental. Yet, the continent continues to see a trend whereby companies acquire blocks and hold onto the asset until someone…

At Africa Climate Summit, Afrobarometer survey sheds light on the continent’s climate reality: increasing drought, low climate awareness, and call for urgent action

NAIROBI, Kenya, September 7, 2023/ — The Africa Climate Summit (ACS) kicked off on Monday in Nairobi, Kenya bringing together governments, businesses, international organisations, and civil society. Afrobarometer (www.Afrobarometer.org) led an Action Hub event highlighting Africans’ views on climate change, including perceptions of worsening drought and an urgent need for climate action. ACS takes place two months ahead of the United Nations Climate Change Conference of the Parties, COP28 in Dubai, United Arab Emirates, setting the stage for meaningful conversations around climate action. At Monday’s TEDx-style event, representatives from the…

EDITORIAL COMMENT

Mohammed A.Abu The exploitation and continuous exploitation of the natural resources of African and other countries associated with colonialism and at the expense of the environmental health in exploited countries has contributed immensely to the present day climate change impact in those countries, some climate justice activists, contend. The use of extracted natural resources from the former colonies by former colonial masters for their industrialization, wealth creation and fast tracked development has led to the ever yawning global development/wealth-poverty gap. Aside former colonies having been impoverished as a result of…

Masdar, Africa50 align efforts to hasten clean energy transition across Africa

Africa50 and Masdar will also explore opportunities to collaborate on the implementation of the Alliance for Green Infrastructure in Africa Abu Dhabi-based Masdar has announced a partnership with Africa50, the pan-African infrastructure investment platform. The clean energy giant will identify, drive and scale clean energy projects across the continent. The UAE’s clean energy leader and Africa50 have signed a memorandum of understanding (MoU), which will work to bridge the infrastructure funding gap and mobilise public and private finance. The agreement will see both parties work collaboratively to catalyse sustainable development…

African Leaders Advocate Global Carbon Taxes to Finance Climate Change Mitigation

African leaders have proposed new global taxes and reforms to international financial institutions to fund climate change action in a declaration following the Africa Climate Summit in Kenya. The Nairobi Declaration focuses on mobilizing financing to adapt to extreme weather, conserve natural resources, and develop renewable energy in Africa, which currently receives only 12% of the financing it needs to cope with climate change. The declaration calls for major polluters and global financial institutions to commit more resources to help poorer nations and suggests a global carbon taxation regime, including…

UAE announces $4.5bn initiative to support deployment of clean energy in Africa

COP28 President-Designate Dr Sultan Al Jaber has announced a UAE finance initiative that will provide $4.5bn to help tap Africa’s clean energy potential. The announcement was made during his keynote address at the inaugural African Climate Summit in Nairobi, Kenya. The landmark initiative brings together vital public, private, and development capital from UAE institutions, ranging from Abu Dhabi Fund for Development (ADFD) and Etihad Credit Insurance (ECI) to Masdar and AMEA Power. Africa50, which is an investment platform established by African governments and the Africa Development Bank, has also joined…

African Sustainable Mining Piques Interest of Global Players

CAPE TOWN, South Africa, September 5, 2023/ — In the wake of the global energy transition, mining companies have come under pressure to adopt sustainable business practices and employ low-carbon technologies in order to mitigate adverse environmental impacts. Private- and public-sector led mining activities across Africa have begun to prioritize sustainable techniques to promote environmental sustainability, social responsibility, and good business practices. In turn, the sustainable mining industry has become an increasingly attractive investment opportunity for global players seeking to enhance their returns on investment while spearheading climate protection and…