African universities, Mastercard Foundation chart ways of improving higher education
December 3, 2019 | 0 Comments
By Jean d’Amour Mugabo
At least 13 universities’ leaders from across Africa have come together to find ways of strengthening higher education for economic transformation and youth employment on the continent.
At the three-day workshop held in Kigali, Rwanda, last week, the academicia and politicians committed to scaling up innovations at universities, increase the mixture of technical and general education courses to ensure that graduates are prepared to meet the labour market’s needs and improve universities’ management, among other drivers of quality education.
Opening the workshop on Tuesday, Rwanda’s Minister of Education, Dr Eugène Mutimura, called on universities’ leaders to embrace the incessant changes of a disruptive era the continent has stepped in.
“We, in African countries, have already started to change. Therefore, it clearly indicates that we should consider repackaging our programmes to deliver programmes that create the future leaders of Africa and ensure that we help them optimise the opportunities presented to them,” he said.
Minister Mutimura also encouraged universities across the continent to broaden partnerships among themselves, with others beyond the continent and with private sector.
Mastercard Foundation’s Chief Programme Officer, Peter Materu, said the foundation targets to offer 15,000 university scholarships by 2030 to disadvantaged young but talented Africans including refugees who will take up 25% of the scholarships. In order to bridge the gender gap in higher education, Mr Materu said female young people will take 70% of the scholarships.
Through its Scholars programme, the foundation has so far offered 36,000 scholarships across Africa including 25,000 for secondary schools and 11,000 for tertiary education.
Materu said that Mastercard Foundation considers adding seven African universities in addition to the current 10 on the list of 24 Scholars Programme’s partner universities across the world. The ten include Nkwame Nkrumah University and Ashesi University in Ghana, Makerere University in Uganda, Carnegie Mellon University in Rwanda, African Institute for Mathematical Sciences based in Rwanda Cameroon, Ghana, Senegal, South Africa and Tanzania, University of Gondor in Ethiopia and University of Cape Town in South Africa, among others.
Mr Materu encouraged other African universities to apply for the partnership with Mastercard Foundation but reminded that they have to check well with their programmes, quality of education and facilities if they are to succeed in securing the partnership.
The University of Rwanda’s Deputy Vice-Chancellor in charge of institutional advancement, Dr Charles Muligande, said the university considers applying for Scholars Programme’s partnership and expressed confidence in securing it.
“We need to review our programmes. Some of the programmes were developed at a time when there wasn’t enough resources to do a comprehensive skills assessment, identify the skills gap and map out skills profiles that are needed. Therefore, we ended up developing programmes that are producing graduates who do not meet what the market needs,” he said. Dr Muligande added that UR also considers training the lecturers continuously to update them on the current changes of the job market.
Alert: new cyclone may affect Mozambique
December 3, 2019 | 0 Comments
By Arnaldo Cuamba
A new cyclone in formation in the Indian Ocean may affect Mozambique in the coming days, warns the National Institute of Meteorology that says there is uncertainty about its trajectory, but is more likely to affect the southern Africa country.
“A system of low atmospheric pressure is being formed in the Indian Ocean, north of Madagascar” warns the institution that adds that “according to the current atmospheric conditions, the possibility prevails that the same system may evolve and reach the level of Moderate or severe Tropical Storm”.
There is uncertainty about the fate of the storm, however, according to INAM, there is great potential for its trajectory to make the movement towards the Channel of Mozambique, where it could reach the continent on December 4.
Following the alert, the Mozambican President, Filipe Nyusi, urges the communities to protect themselves from bad weather.
“I invite all Mozambicans to pay attention and take precautions due the reported formation of a low pressure system” said Nyusi. “It is expected to evolve from 1 December to a tropical storm stage. There is a possibility of rainfall, thunderstorms and strong winds, especially in the provinces of northern Mozambique,” explained the President of the Republic.
If effective, the cyclone will be called Ambali – the first to form in cyclonic season 2019 – 2020.
This year Mozambique registered two cyclones whose effects are still strongly felt. Cyclone Idai, which hit central Mozambique in March, destroyed infrastructure and caused 604 deaths, affecting about 1.5 million people in the centre of the country, while Cyclone Kenneth, which hit the north in April, killed 45 people and affected 250 thousand.
Proflight and Zambian civil aviation authorities still investigating flight P00705 incident
December 2, 2019 | 0 Comments
By Wallace Mawire
As part of its on-going commitment to maintaining the highest air safety standards, Proflight Zambia has reported that it is working closely with the Zambia Civil Aviation Authority (ZCAA) and Zambia Accident Investigations Board (ZAIB) to establish the facts behind the incident on Monday, November 25, 2019, in which its 50-seat Bombardier Dash 8 turboprop aircraft was damaged by hail.
It is reported that while descending through cloud, the aircraft encountered severe hail as it came into land at Kenneth Kaunda International Airport, Lusaka. The aircraft, operating flight P00705 from Harry Mwaanga Nkumbula International Airport, Livingstone with 41 passengers and five crew members on board, landed safely and no one was injured during the incident.
“Proflight is extremely proud of the professional way in which the incident was handled by all concerned. While a very rare event, it serves to reinforce the importance Proflight attaches to training its pilots and crew to international standards. Their training kicked in and they were able to handle the situation calmly and professionally as a result,” said Proflight Director of Flight Operations Captain Josias Walubita.
It is reported that Proflight Zambia has robust systems and procedures to ensure safety, and sends flight crew to Europe and South Africa twice yearly for specialist incident training on aircraft simulators, safety procedures are strongly instilled in the minds of all crew members. This contributed to the safe landing of the aircraft, he explained.
“Weather incidents in the aviation sector are not uncommon in the air at this time of the year. There was potentially a lightning strike in addition, but at this stage we have no evidence to confirm this. All our crew diligently follow the weather avoidance procedures stipulated in our manuals and set out in their regular training,” he added.
Capt. Walubita confirmed no bad weather was signalled by the aircraft’s weather radar, which was operating normally and used throughout the flight. Depending on the nature of the weather and the angle of flight, radar would not necessarily detect a dry-ice hailstorm, which is less reflective than rain.
An internal board has been set up by the airline to establish the full facts of the incident, and experts from the aircraft’s manufacturer, de Havilland, have arrived in the country to assess the damage.
“We work closely with the regulator, the Zambia Civil Aviation Authority (ZCAA) to meet their regulations both on local and international standards. We thank the ZCAA for their support and guidance during this difficult time,” said Capt. Walubita.
Proflight says that it is working hard to minimise disruption in the run-up to the the busy festive period while its Dash 8 aircraft is out of service. The aircraft has been operating in Zambia for less than three months, and is a frontline aircraft on domestic routes.
“Until the authorities have completed their work, the airline cannot comment further on the incident,” according to Proflight Zambia.
Winter School on intercultural Exchange within Societies Wraps Up in Berlin
December 2, 2019 | 0 Comments
By Bakary Ceesay
Winter school “Brokering Intercultural Exchange within Societies” has concluded in Berlin German on 27-29 November 2019 at International Alumni Center.
The Winter School is a cooperative project between Heilbronn University of Applied Sciences, the Network Brokering Intercultural Exchange (www.managingculture.net) and MitOst e.V.
It attracted around 50 young and aspiring cultural manages from all around the world in order to network, discuss current issues and developments in cultural management and provide some best practices
Professor Dr. Raphaela Henze, Cultural Management and Vice-Dean of Internationalisation and Research Heilbronn University of Applied Sciences explained that the idea of winter school came when she and a friend as they were doing a lot in research so they thought it wise to organise a winter school by gathering cultural manger to It is about sharing experiences and expertise, finding new methods of how to approach topics and critically access your own work.
In 2018, the programme hosted 30 aspiring cultural managers from Egypt, Colombia, Brazil, Argentina, the US, UK, Spain, Italy, France, the Netherlands, Germany, Lebanon, Hungary, Poland and Bulgaria.
In this edition, the programme has host 35 masters and doctoral students in the arts and cultural management.
Participants focused on participatory arts projects and has been engaged in lectures, workshops and case clinics by renowned researchers and practitioners.
Investigation links Global oil giants, influential Westerners as facilitators and benefactors of South Sudan war
November 30, 2019 | 0 Comments
By Amos Fofung
A global link facilitators, benefactors, and influencers who either directly or indirectly benefit from the war in South Sudan War has been exposed due to an investigation conducted by The Sentry organization.
An investigative and policy team that follows the dirty money connected to African war criminals and transnational war profiteers and seeks to shut those benefiting from violence out of the international financial system.
The investigation shows how corporations have profited from the country’s civil war – and the links between armed groups, global oil giants, as well as British and American citizens.
For years now, the world’s youngest country has been thrown into civil war in what many term a man-made humanitarian crisis that engulfed the country since 2013.
Titled; The Taking of South Sudan”, the report names tycoons, brokers, and multinational corporations that are Complicit in Hijacking the World’s Newest Nation.
“The men who liberated South Sudan proceeded to hijack the country’s fledgling governing institutions, loot its resources, and launched a war in 2013 that has cost hundreds of thousands of lives and displaced millions of people,” an executive summary of the report reads.
“They did not act alone. The South Sudanese politicians and military officials ravaging the world’s newest nation received essential support from individuals and corporations from across the world who have reaped profits from those dealings. Nearly every instance of confirmed or alleged corruption or financial crime in South Sudan examined by The Sentry has involved links to an international corporation, a multinational bank, a foreign government or high-end real estate abroad…. the extent to which external actors have been complicit in the taking of South Sudan.”
Naming and shaming those benefiting from the war, the report notes that benefactors have pocket billions of dollars and will reap more so long as the war rages on.
“The local kleptocrats and their international partners—from Chinese-Malaysian oil giants and British tycoons to networks of traders from Ethiopia, Eritrea, Kenya, and Uganda—have accumulated billions of dollars. The country’s natural resources have been plundered, lethal militia and military units responsible for atrocities have received financing and kleptocrats have lined their pockets with untold billions of dollars allocated by government programs meant to improve the livelihood of some of the poorest, most vulnerable people in the world.”
Released in September 2019, the report profiles international actors who have provided
direct support to South Sudanese perpetrators of violence; actors who have formed private businesses with top South Sudanese officials responsible for human rights abuses and international actors who have benefited from major public procurement scandals in South Sudan.
As per the report; “the men who liberated South Sudan proceeded to hijack the country’s fledgling governing institutions, loot its resources, and launched a war in 2013 that has cost hundreds of thousands of lives and displaced millions of people.”
Reiterating the devastating effects on the war-torn state, they added that “they did not act alone. The South Sudanese politicians and military officials ravaging the world’s newest nation received essential support from individuals and corporations from across the world who have reaped profits from those dealings. Nearly every instance of confirmed or alleged corruption or financial crime in South Sudan examined by The Sentry has involved links to an international corporation, a multinational bank, a foreign government or high-end real estate abroad. This report examines several illustrative examples of international actors linked to violence and grand corruption in order to demonstrate the extent to which external actors have been complicit in the taking of South Sudan.”
The report directly points to local kleptocrats and their international partners— “from Chinese-Malaysian oil giants and British tycoons to networks of traders from Ethiopia, Eritrea, Kenya and Uganda—” whom they accuse of having accumulated billions of dollars.
“The country’s natural resources have been plundered, lethal militia and military units responsible for atrocities have received financing and kleptocrats have lined their pockets with untold billions of dollars allocated by government programs meant to improve the livelihood of some of the poorest, most vulnerable people in the world. The spoils of this heist are coursing through the international financial system in the form of shell companies, stuffed bank accounts, luxury real estate and comfortable safe havens around the world for the extended families of those involved in violence and corruption.”
Urging a broad-base investigation into the scandal in South Sudan, the report warns of more that any peace efforts will yield no fruits as these “gang” will rather not lose their mines.
Jack Ma, co-founder of Alibaba tasks African entrepreneurs to grab e-commerce opportunities presented by African Continental Free Trade Agreement
November 30, 2019 | 0 Comments
By Amos Fofung
Jack Ma, co-founder of Alibaba group, one of the world’s largest e-commerce businesses, has urged African entrepreneurs that they will find countless opportunities in e-commerce, logistics and e-payments as the continent prepares for the start of a free-trade deal brought about by the penning of historic African Continental Free Trade Agreement, AfCFTA.
A successful entrepreneur himself who make a fortune via e-commerce Jack Ma in an interview with Bloomberg Television said; while governments will be responsible for administering the African Continental Free Trade Agreement which has a target starting date of July, business leaders will have to find practical ways on how to connect consumers in disparate markets.
“People like e-commerce, today people trust e-commerce,” said Ma. “It’s just like virgin land. People need it.”
The former English teacher who went ahead to be rated Forbes richest man in China; #21 billionaire worldwide in 2019, #21 most powerful person in 2018, #7 richest person in 2017 among other caps, stepped down from his role at China’s largest company on his birthday in September after amassing a $41.8 billion fortune with the wealth been generated largely via e-commerce.
Today his fortune according to Forbes stands at $39.5Billion as of today.
Ma wants African entrepreneurs to be celebrated as “heroes” and supported by their governments on a continent with a combined market size similar to China’s.
“Sometimes, it’s easy to reach an agreement, but it is difficult to implement…there are too many countries, there are different rules, and languages and systems. But one thing is sure, entrepreneurs can connect Africa.”
Ma is a staunch believer in the economic potentials of Africa and has on several occasion support entrepreneurs and African startups.
Nigeria: African Development Bank approves $210 million financing for Transmission Expansion Project
November 29, 2019 | 0 Comments
The Board of Directors of the African Development Bank Group has approved a $210 million financing package to the Federal Republic of Nigeria, for the Nigeria Transmission Expansion Project (NTEP1), which seeks to rehabilitate and upgrade the nation’s power lines and improve distribution and supply.
The project, which will run across the states of Kano, Kaduna, Delta, Edo, Anambra, Imo, and Abia, will improve the capacity and reliability of the Nigerian transmission grid where it is most constrained. Executed by the Transmission Company of Nigeria), NTEP1 is part of a $1.6 billion Transmission Rehabilitation and Expansion Programme (TREP).
“Nigerians and their businesses spend $14 billion annually on inefficient and expensive petrol or diesel-powered generators. This project will contribute significantly to the reduction of Nigeria’s power deficit, decrease air and noise pollution and reduce the cost of doing business,” Ebrima Faal, the Bank’s Senior Director for Nigeria, said.
The Bank’s financing, comprising a $160 million loan, and an additional $50 million loan from the Africa Growing Together Fund, will support construction of 330kV double circuit quad transmission lines and substations across the country. The project will upgrade existing 263 km of 330kV lines, while adding an additional 204 KM of new lines to increase TCN’s wheeling capacity, stabilize the grid and reduce transmission losses.
Upon completion, the project will significantly improve Nigeria’s electricity supply, and directly impact the economy, industries, businesses and the quality of life of Nigerians.
The project will also reduce the use of small-scale diesel generators and therefore contribute to the reduction of GHG emissions by saving approximately 11,460ktCO2 per year. The project will create about 2,000 direct jobs- 1,500 during construction and 500 during operations – especially for youth: 30% of these jobs are expected to be taken by women. By increasing electricity supplies to Small and Medium Enterprises, the project will foster the creation of additional indirect jobs.
Wale Shonibare, the Bank’s Acting Vice-President for Power & Energy said implementation of the project would increase evacuation capacity from the south of the country towards the north, where power supply is limited. “NTEP1 will increase the grid transmission stability and capacity, and reduce the amount of stranded power, whilst improving power export and regional power system integration to the West African Power pool, especially through Niger and Benin interconnections,” he said.
Highlighting the project’s contribution to regional integration efforts, Batchi Baldeh, the Bank’s Director for Power Systems Development said it would benefit from the Bank’s expertise and proven track record in leading the development of power grids across the continent, notably in West Africa, with many successful operations supporting the implementation of interconnectors. “In line with our work to improve utility performance, NTEP1 will substantially strengthen the capacity of TCN with regards to the development of energy infrastructure projects, especially the adoption of modern and more efficient transmission technologies, which are most required in Nigeria for network improvements,” said Baldeh.
NTEP-1 is part of the Bank’s response to the power sector crisis in Nigeria and is aligned with the government’s strategic plans articulated in its Economic Recovery and Growth Plan (2017-2020) and Power Sector Recovery Programme. The project also aligns with the Bank’s High 5 priority to ‘Light up and Power Africa” and the New Deal on Energy in Africa.
Guinea-Bissau: African Development Bank presents the Lusophone Compact to private sector at Economic Forum
November 29, 2019 | 0 Comments
The African Development Bank presented the Lusophone Compact to the private sector in Guinea-Bissau last month, during an event at the national Economic Forum.
The Lusophone Compact, a financing platform involving the African Development Bank, Portugal, and the six Portuguese-speaking countries of Africa (PALOPs), provides risk mitigation, investment products and technical assistance to accelerate private sector development in Lusophone African countries (Angola, Cabo Verde, Equatorial Guinea, Guinea-Bissau, Mozambique and Sao Tome and Principe).
About 100 participants, including government representatives, international partners, local and foreign investors, attended the government-sponsored event, which was also attended by Guinea-Bissau Minister of Economy and Finance Geraldo Martins, and Antonio de Carvalho, Portuguese Ambassador to Guinea Bissau.
Opening the session, Martins described the occasion as “an important event to ensure that local stakeholders have a full understanding of the tools available.” He told attendees that the event followed the signing of the Lusophone Compact on 26 July 2019, in the presence of Teresa Ribeiro, Secretary of State for Foreign Affairs and Cooperation of Portugal.
Ambassor de Carvalho, highlighted the importance of the Compact to strengthen the Lusophone cooperation in Africa, mentioning the commercial and risk mitigation garantees to be offered by Portugal.
Joel Muzima, Bank principal country economist for the Bank, highlighted the positive partnership between the Bank and the Government of Guinea-Bissaua, reflected by the growing portfolio in areas of governance, agriculture and infrastructure development. He urged the private sector to present bankable projects to take advantage of the Lusophone Compact and leverage financial resources for development.
Projects eligible under the Compact are expected to align with the Bank’s development priorities, relevant country strategy papers and national development plans and involve the host country and at least two other Compact signatories. Focus will primary be on renewable energies, agribusiness and agricultural value chains, water and sanitation, infrastructures, tourism, financing and ICT.
There is also the provision for technical assistance projects to accelerate private sector and PPP growth. In Guinea-Bissau and elsewhere, project preparation has been identified as one of the main impediments to making projects bankable.
Hola, Madrid! African Development Bank takes the continent’s climate agenda to COP25 in Spain
November 29, 2019 | 0 Comments
The Bank is playing a leading role in guiding progress on climate change on the continent. The Bank has doubled its total climate change commitment to $25 billion between 2020 and 2025.
The African Development Bank will on Monday kick off a campaign to present the continent’s case at the world’s leading climate change conference.
The 25th session of the United Nations Framework Convention on Climate Change (UNFCCC) Conference of the Parties (COP) comes at a crucial time for the globe and Africa in particular. In recent years, rising temperatures have wreaked havoc with weather patterns, leading to suffocating heat and devastating storms. In Africa, the climate has exacerbated food shortages and destroyed infrastructure.
African countries know all too well the risks posed by climate change, said Wale Shonibare, the Bank’s Acting Vice President for Power, Energy, Climate Change and Green Growth. He cited the devastating impact of Cyclones Idai and Kenneth in Mozambique, Zimbabwe, Malawi, Tanzania and the Comoros earlier this year.
“However, Africa also offers climate smart investment opportunities – from country-led innovation centers, to transformative renewable energy initiatives. For example, this year, the Bank approved financing for the first on-grid solar power public-private partnership in Chad, under the Desert to Power initiative,” Shonibare said.
Projects like Desert to Power will be highlighted at COP 25, which will from 2 to 13 December bring together leaders and institutions from 196 nations plus the European Union, who have signed up to the United Nations Framework Convention on Climate Change.
At the heart of the matter are the Nationally Determined Contributions, or NDCs, which form part of the landmark Paris Agreement, signed in 2015 during COP21 in the French capital. The NDCs are specific climate change targets that each country must set.
The Paris Agreement has been ratified by 51 out of 54 African countries. It binds countries to cutting carbon emissions to ensure that global temperatures do not rise by more than 2°C by the end of this century, while attempting to contain it within 1.5°C.
Climate finance is another issue that will top the agenda at COP25 in Madrid.
“2020 is a critical year in securing adequate resources for African countries to meet their Paris Agreement commitments, clarity and transparency on global climate finance access is essential to deliver climate action faster and at scale,” said Anthony Nyong, Director Climate Change and Green Growth Department at the African Development Bank.
The African Development Bank is joining the other Multilateral Development Banks (MDBs) in a pavilion to showcase the joint commitment to combatting climate change. The Bank will participate in several panel discussions at COP25, and will support the advocacy efforts of its regional member countries. The Bank is playing a leading role in guiding progress on climate change on the continent. Some of its achievements are:
- More than 50% of 2019 climate finance allocated to adaptation projects.
- 85% of investments are screened for climate risk and for greenhouse gas emissions. The Bank’s ambition is to screen all projects by 2020.
- By next year, 40% of the Bank’s own investments will be dedicated to climate finance.
- The Bank has doubled its total climate change commitment to $25 billion between 2020 and 2025, with more than half of it going to adaptation.
Read more here on the African Development Bank’s role at COP25 or follow us for updates on
2019 Global Gender Summit marks concrete gains and actionable goals to surge ahead on gender equality
November 29, 2019 | 0 Comments
Highlights of the Summit include the launch of:
- AFAWA risk-sharing facility to de-risk lending to women
- 50 Million African Women Speak, a Pan-African networking platform
- Joint UNECA-African Development bank Gender index
“We’ve known it from the beginning that equality and women’s empowerment is the true way for sustainable development,” Rwanda’s Minister of Gender and Family Promotion, Solina Nyirahabimana told reporters at a 2019 Global Gender Summit press conference on Tuesday.
“During this past 25 years, we have been concentrating on gender equality, starting by creating a conducive environment, uprooting, revising, and abolishing discriminative laws. We’ve worked tirelessly to have women included in the financial sector,” Nyirahabimana said.
“When you don’t understand women, you can’t serve them.”
More than 1,200 delegates are in Kigali, Rwanda for the 2019 Global Gender Summit including distinguished guests such as the President of Rwanda Paul Kagame; the President of Ethiopia, Sahle-Work Zewde; the African Union Chairperson Moussa Faki Mahamat, and the First Ladies of Rwanda and Kenya. Also in attending are representatives of the heads of state of Gabon, Mali, Senegal, Chad, and the King of Morocco and gender ministers from Niger, Somalia, Senegal, South Sudan, Tunisia, and Libya.
African Development Bank Group Vice President for Agriculture, Human and Social Development, Dr. Jennifer Blanke, told journalists that much of Summit conversation centered around growing awareness that women need to be part of the development solution. “Women are a force to be unleashed and supported to ensure that they can really do their part in development in Africa. Women are already such a hugely important part of the development process,” she said.
Key highlights from the 2019 Global Gender Summit include the:
- Launch of the risk-sharing facility for the Bank-led Affirmative Finance Action for Women in Africa, o AFAWA, programme – to support the program’s three-pronged approach, which seeks to quickly close the gender gap by facilitating access to finance, providing technical assistance and creating an enabling business environment for women-led businesses to thrive.
- 50 Million African Women Speak – a new Pan-African networking platform and web and mobile-based application to directly connect 50 million African women entrepreneurs. The platform links women to financial institutions and provides networking opportunities across Africa.
- The joint United Nations Economic Commission for Africa (UNECA)-African Development Bank Africa Gender Index – a report that assesses African countries on gender equality.
- Fashionomics Africa Digital Marketplace and mobile app – the first ever digital B2B and B2C pan-African networking platform, dedicated to micro, small and medium-sized enterprises operating in the African textile, apparel and accessories industries.
Also speaking at the press conference marking the close of the Summit’s multilateral development bank segment, the Chairperson of the Multilateral Development Banks’ Gender working group Chairperson, Sonomi Tanaka, said summit discussions were productive and some African countries are carrying out good practices. However, Tanaka noted the critical importance of data in development policies working toward gender equality. “Again and again, this is something that is coming up. This lack of data comes up across any topic…and data is one area we need to continue to focus on,” she said.
Elaborating on the data challenge, Blanke said, “There is a dearth of data on these issues. The bottom line is if we don’t measure it, you don’t do it. If you don’t measure, it means you don’t care about it – and we care about it.”
This Tuesday press conference was the latest in a series of Global Gender Summit activities that will see delegates attend Summit partner-organized workshops, trainings and technical sessions on Wednesday. The Global Gender Summit is organized by The African Development Bank, with other multilateral development bank partners. The biennial event brings together leaders from government, development institutions, the private sector, civil society, and academia.
Under the theme “Unpacking constraints to gender equality,” the Summit’s conversations and dialogue focuses on scaling up innovative financing, enabling legal, regulatory, and institutional environments; and securing women’s participation and voices.
Commenting on the Summit outcome Blanke noted: “The Summit has been all about doing. Doing more and doing it fast.”
Africa Should be Allowed to Use its Resources
November 29, 2019 | 0 Comments
|The African Energy Chamber launches a petition against the idea that the continent should not explore its full hydrocarbon potential in the wake of the climate change debate|
|JOHANNESBURG, South Africa, November 29, 2019/ — On the backdrop of the climate change debate, Africa finds itself in an unfortunate position where it is required by the global energy industry to slow down its progress and not explore its hydrocarbons potential to its fullest. This is not right.|
At the African Energy Chamber we do not deny the impacts and severity of climate change. We recognize the role and significance of the Paris Agreement which over 30 African countries have signed. However, we believe the energy transition should be gradual and considerate of the power gap the exists in Africa.
On the continent, our foremost obligation as industry leaders is to ensure that Africa’s people have access to energy. We are determined to address the everyday issues that the continent is faced with.
Energy poverty is Africa’s most critical concern. For us, it is a life and death situation. In Africa, over 600 million people still do not have access to power. And, we remain a net importer of energy yet we boast 125 billion barrels of proven oil reserves, accounting for 7.3 percent of global oil reserves and, 509 tcf of gas – accounting for 7.2 percent of global reserves.
Our natural resources are important for our development. We cannot ignore what the continent needs, in the interest of supporting global trends when our economies remain underdeveloped. Our hydrocarbon potential is vast and Africa is home to a number of emerging economies who are steadfast on taking their rightful place in the global energy sector, our time to industrialize is now.
We applaud our brothers, sisters and friends in the west such as Norway and Germany for having used their oil and gas resources to develop their countries and build thriving economies. But, Africa deserves the same opportunity to build world-class economies.
“At the African Energy Chamber, we understand that issues of climate change are important but, this new drive for environmental colonization bullies African countries to leave their resources and depend on the sun,” said NJ Ayuk Executive Chairman of the African Energy Chamber and author of Amazon best-seller, Billions at Play: The Future of African Energy and Doing Deals.
In the past, Africa has been far too reliant on foreign aid and while in some ways it has been extremely helpful and beneficial, it has also taken away our independence. In several instances, Africa has always taken the passenger seat when it comes to deciding its future but, it must end now.
Our continent needs to be left alone to decide its own fate.
The African Energy Chamber strongly stands against the idea that Africa should ignore its potential and ability to leverage its resources as a means to drive growth, create opportunities for investment and development.
As the voice of the African energy industry, we are proud to announce our counter-campaign on the insistence that the continent should pursue a less carbon-intensive energy future as a way to support global interests which Africa has not yet benefitted from.
To support our campaign, sign our petition on http://bit.ly/2OYZa5Z
Through building a strong network driven by common interests, the African Energy Chamber is determined to improve the landscape of the African energy sector and explore the continent’s full potential in a way where our people benefit first.
*Source Africa Energy Chamber
Junior Achievement Africa Hosts 9th Annual Africa Company of the Year Competition
November 29, 2019 | 0 Comments
Accra, Ghana – Junior Achievement (JA) Africa is proud to announce that the 2019 Regional Company of the Year (COY) Competition will return to Accra, Ghana. The competition will bring together Company Program students from the 15 African countries where JA works in Africa. The event will take place from 4-6 December 2019 at the Swiss Spirit Hotel and Alisa Suitesunder the theme “Activating Disruptors”, which challenges the students to come up with products and services that will disrupt various industries.
The COY competition is JA Africa’s annual celebration of students of the JA Company Program, who have created and run their own businesses during the school year. The Company Program is JA’s flagship entrepreneurship education curriculum which teaches introductory business to thousands of secondary school students in Africa every year. For millions of young Africans, creating their own enterprises is the most viable avenue for employment as the formal sector is unable to meet the employment demands of the growing youth population.
Graduates of the Program compete at national level for the opportunity to represent their country at the regional level. The competing teams will pitch business ideas to judges at the regional competition, demonstrate understanding and explain how and why their businesses performed as they did. Judges will be looking at the current performance and future potential of these business, as well as the personal development of the team members. In addition to the finalist awards, students will also compete for several branded awards presented by the funders of the competition.
Each year, JA Africa engages over 250,000 students across Africa, teaching them how to start and run their own businesses. Harnessing Africa’s youth potential through entrepreneurship education has the potential to translate into a dividend for the continent. The creation of enterprises does not only contribute towards economic growth, but also creates jobs for other young people. Giving these young entrepreneurs the experience of running businesses builds their minds to take on the challenges and opportunities entrepreneurship brings.
This year’s competition is supported by FedEx, Citi Foundation, Delta Air Lines, Tomorrow Foundation, Kosmos Energy, Facebook, LAWtrust, Bechtel, African Export-Import Bank, The Coca-Cola Bottling Company of Ghana Limited, Newmont Goldcorp Ghana, Bata, and L’Oreal.
JA Africa prepares youth for the future of jobs through the delivery of financial literacy, work readiness, and entrepreneurship training. JA Africa reaches over 250,000 young people in 15 countries in Africa each year (www.ja africa.org).
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $70 billion, the company offers integrated business solutions through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 450,000 team members to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities. To learn more about how FedEx connects people and possibilities around the world, please visit about.fedex.com.
The Citi Foundation works to promote economic progress and improve the lives of people in low-income communities around the world. Citi invests in efforts that increase financial inclusion, catalyze job opportunities for youth, and reimagine approaches to building economically vibrant cities. The Citi Foundation’s “More than Philanthropy” approach leverages the enormous expertise of Citi and its people to fulfill its mission and drive thought leadership and innovation. www.citifoundation.com/citi/foundation
Delta Air Lines:
Delta Air Lines serves more than 180 million customers each year. In 2017, Delta was named to Fortune’s top 50 Most Admired Companies in addition to being named the most admired airline for the sixth time in seven years. With an industry- leading global network, Delta and the Delta Connection carriers offer service to 323 destinations in 59 countries on six continents.
Tomorrow Foundation supports African development. They harness technology and bring the most useful techniques and technologies affordably to all Africans to improve their living standards and boost the economies of African countries.
Kosmos is a premier international oil and gas exploration and production company focused on the frontier.
Founded in 2004, Facebook’s mission is to give people the power to build community and bring the world closer together.
LAWtrust is Africa’s leading trust centre, security integrator and security solutions developer and also the company responsible for South Africa’s new national smart ID cards. With more than 20 years’ experience, LAWtrust’s CEO Christi Maherry lives and breathes everything related to tech, entrepreneurship, leadership as well as youth- and female-empowerment. Christi is a Board member of Junior Achievement Africa.
Bechtel Corporation is an engineering, procurement, construction, and project management company, headquartered in Reston, Virginia. It is the largest construction company in the United States.
African Export-Import Bank:
African Export–Import Bank, also referred to as Afreximbank, is a pan-African multilateral trade finance institution created in 1993 under the auspices of the African Development Bank.
The Coca-Cola Bottling Company of Ghana Ltd:
The Coca-Cola Bottling Company of Ghana Limited (TCCBCGL), a subsidiary of Equatorial Coca-Cola Bottling Company, is the authorized bottler of Coca-Cola beverages in Ghana. The Coca-Cola Bottling Company of Ghana Limited believes in investing in the future.
Newmont Goldcorp is one of the world’s leading gold companies. Newmont’s presence in Ghana includes the Ahafo mine in the Brong-Ahafo region and the Akyem operation in the Eastern region near New Abirem.
Founded in Paris in 1953, L’Oreal has risen to become the world’s number one cosmetics company.