Renewable Energy: Let’s Tackle the Challenges!
As the world moves toward a greener, more sustainable future, renewable energy has emerged as a key solution to combat climate change and reduce our reliance on fossil fuels. From solar panels to wind turbines, renewable energy sources offer enormous potential to provide clean power. However, despite their advantages, switching to renewable energy comes with its own set of...
Afreximbank’s Benedict Oramah to Receive Mohammed Barkindo Lifetime Achievement Award at African Energy Week (AEW) 2024
Dr. Benedict Oramah, President and Chairman of the Board of Directors of pan-African multilateral investment firm the African Export-Import Bank (Afreximbank), will receive the Mohammed S. Barkindo Lifetime Achievement Award at this year's African Energy Awards – taking place during the African Energy Week (AEW): Invest in African Energy conference. Representing the highest honor in African energy, the award...
Design procedure for a solar water pumping system
ABSTRACT
In many arid countries rainfall is decreasing, making surface water scarce. This has increased the demand for groundwater, but the water table is also decreasing. Due to this, manual pumping has become more difficult. Diesel, petroleum, kerosene and windmills have traditionally been used to pump water from deeper levels, but solar photovoltaic pumps are becoming more common.
For several years...
Entrepreneurial Capacity, Government Intervention and Diffusion of Technologies in Uganda: Comparing the Supply side of Modern Energy and Mobile Telephony Technologies
Abstract
The diffusion of modern technologies plays a critical role in development. Mobile Telephony Technology (MTT) has been successfully diffused in Uganda with minimal government intervention unlike Modern Energy Technology (MET), which remains outside the reach of most Ugandans despite concerted intervention efforts. MET dissemination efforts, METs widely used in other developing countries, and METs successfully piloted in Uganda have...
M-KOPA reaches 5 million customers, unlocking $1.5bn in credit across 5 markets
M-KOPA, a leading emerging market fintech, announced that it has surpassed 5 million customers across Kenya, Uganda, Nigeria, Ghana and South Africa. Two million of these customers have come onboard in the past 15 months.
M-KOPA's innovative model makes affordable smartphones embedded with financial services available to 'Every Day Earners': the wide majority of African adults who earn their income...
Enriched Perfomance Management Solution to Improve Productivity, Accelerate Problem Resolution and Reduce Risk
NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT), a leading provider of performance management, cybersecurity, and DDoS attack protection solutions, has announced enhancements to its nGenius Enterprise Performance Management solution, which includes a new notification centre that helps streamline and automate alerts and contextual workflows to identify and resolve problems faster. Secured Reliable Transport (SRT) was added to support live video streaming,...
African Development Bank grants $129 million loan to agricultural project generating decent jobs for young people
The Board of Directors of the African Development Bank Group (www.AfDB.org) on 20 September 2024 approved a $129.71 million loan to Tanzania for the implementation of a youth-focused agribusiness program.
The loan will fund the first phase of the "Building a Better Tomorrow: Youth Initiatives for Agribusiness" program, which aims to create business opportunities and jobs for young people in...
Highlights of the New Route from Asia & Arabian Peninsula to Europe; The Development Road Project
The Development Road Project is a massive infrastructure initiative designed to create a trade corridor that connects the southern Iraqi port of Al Faw with Turkey, and ultimately extends into Europe. The project aims to reduce transport times and costs for goods moving between Asia and Europe, providing a quicker alternative to the Suez Canal.
Project is expected to lead...
AI and Digitalisation will transform the financial services sector, but businesses need a plan
Businesses say the lack of clarity around ESG and AI regulation is a key challenge to realising the benefits of technology and innovation; Despite recognising the business opportunity with AI, as firms opt to bring in suppliers rather than recruiting in-house specialists, they may be left without the internal talent - risking falling behind the curve in the future.
New...
Africa50 investment platform gets thumbs up for its innovative financing, strategic partnerships and performance
Africa50 (www.Africa50.com), the investment platform established by African governments and the African Development Bank, is exceeding expectations and closing critical infrastructure funding gaps through innovative financing mechanisms and strategic partnerships, stakeholders heard on Thursday.
Speaking at Africa50's 2024 annual General Shareholders Meeting held in Antananarivo, the President of Madagascar, Andry Rajoelina, and his Tanzanian counterpart, Samia Suluhu Hassan, acknowledged the...
