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Africa’s energy masterplan takes shape as African Development Bank and AUDA-NEPAD release key report
October 30, 2020 | 0 Comments

The African Union Development Agency (AUDA-NEPAD) and the African Development Bank have released recommendations of a baseline study that looked into the development of a continental energy grid and market.

The study, supported by the European Union, is the first step in an ambitious project to create an efficient, competitive energy sector that helps to serve Africa’s vast non-connected population, which is key to the continent’s economic prospects. The recommendations were discussed at a roundtable meeting between the partners organized by the African Development Bank on Wednesday 28 October.

African Energy Ministers directed AUDA-NEPAD to promote a continental transmission masterplan during the AU Specialized Technical Committee meeting on Infrastructure (Transport, Energy and Tourism) held in Nouakchott and Cairo in 2018 and 2019, respectively.

“This will be a game changer, since, in the long term, a continental transmission network will allow energy trade within Africa, as well as off the continent, with Europe and Asia through existing links,” said Dr Ibrahim Mayaki, CEO of the African Union Development Agency-NEPAD.

The baseline study constitutes the first of two phases of the masterplan. The next phase entails the development of the plan itself.

The European Union (EU) agreed to support Phase 1 under its EU Technical Assistance Facility (EU TAF) for sustainable energy, under the scope of the African Union-European Union partnership to harmonize the African Single Electricity Market Regulatory Framework.

The baseline study goals included: a review of the existing masterplans developed by each of the five regional power pools in Africa and to identify power generation capacity and power demand up to 2063 and to develop the terms of reference for phase 2.

“Our continent has a vision to develop a single electricity grid that will guarantee secure, reliable, affordable and sustainable electricity supplies to enhance the economic prospects of the continent, especially for our children. This can only be realized with a well-coordinated, widely accepted and highly articulated masterplan,” said Cheikh Bedda, Director Energy, at the African Union Commission.

The recommendations of the baseline study include: establishing a permanent unit to develop the masterplan in order to produce a skills transfer within AUDA-NEPAD and the five regional power pools, and aligning the plan with existing infrastructure projects, such as those identified under the Program for Infrastructure Development in Africa (PIDA), a joint initiative of the African Union Commission, AUDA-NEPAD and the African Development Bank.

The next steps are to develop the terms of reference for phase two and to discuss how the masterplan will be funded.

“The continental masterplan will provide a holistic roadmap to connect countries to each other within a single regional power pool and to connect the power pools into a single electricity market, promoting energy access and regional integration,” said Kevin Kariuki, Vice President for Power, Energy, Climate & Green Growth at the African Development Bank Group.

Over 640 million Africans have no access to energy, corresponding to an electricity access rate for African countries at just over 40 percent, the lowest in the world. Per capita consumption of energy in sub-Saharan Africa (excluding South Africa) is 180 kWh, compared to 13,000 kWh per capita in the United States and 6,500 kWh in Europe.

*AFDB

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Banding Together is the only way Africa will Beat COVID-19
October 30, 2020 | 0 Comments

Dr. John Nkengasong
Dr. John Nkengasong

By Dr. John Nkengasong and Commissioner Amira Elfadil Mohammed Elfadil

Everyone knows by now that due to a combination of leadership, environment, social ecology, demographics and as yet unknown biological and other factors, Africa has been spared the worst of the havoc that COVID-19 has wreaked on other parts of the globe and was predicted to do here too.

As of 15th October 2020, the continent has a remarkably low 4.2% of the global burden of the disease and just a little above 3.5% of deaths. Compare this against Africa’s share of the world’s population at 17%. Or the fact that Africa has nearly 5 times the global prevalence of HIV (hosting nearly 70% of all people living with the disease worldwide), and Africans contract 25% of all new Tuberculosis infections worldwide.

No one denies the continent’s remarkable COVID-19 biostatistical picture. But some have sought to attribute most of it to chance and the unknown. We disagree.

Africa locked down early, shut borders, closed schools and launched aggressive contact tracing with far more enthusiasm than most parts of the developed world. That was not chance; that was bold leadership. Leadership rooted in communal values, and bedecked with ample evidence of the continent’s deep notions of solidarity during crisis.

Talking about solidarity, we can look at the speed at which private sector contributions into pooled funding mechanisms were mobilised to plug woeful gaps in states’ fiscal capacity. Hospitals were designed and constructed within three months in some countries, just like in China, but through civic, rather than just government, resource mobilisation.

Even less recognised than the sterling leadership and solidarity examples that Africa has given the world is the flourish of innovations generally taken for granted.

African breweries and distilleries were among the first in the world to shift alcohol supplies to the manufacture of hygiene products. African fintech organisations deployed new services within days, and aggressively ramped down costs, even before lockdowns started to look like a long-term prospect.

On 3rd February, even before the first infection was recorded, the continent inaugurated its joint taskforce. Within 3 months, on 18th June, 2020, while in other places local governments were fighting with national governments over ventilators, we launched the Africa Medicines Supply Platform, the world’s first multistakeholder procurement consolidation platform at continental level.

And, on 5th October, the African Union and the Africa CDC, where I have the honour to serve as Director, launched the world’s first integrated digital public health response to the very difficult problem of reopening the skies whilst containing the pandemic.

Working with the continent’s leading airlines, laboratories, civic aviation authorities and technology actors, we unveiled Trusted Travel, an elaborate end-to-end solution allowing testing done in one country to be mutually recognised in other countries for seamless cross-border travel.

Commissioner Amira Elfadil Mohammed Elfadil
Commissioner Amira Elfadil Mohammed Elfadil

Because of Trusted Travel, countries have the means to open their borders smartly and safely. Take Cape Verde, one of the countries that supported the launch of this effort, for instance. Literally one-third of the economy was nearly obliterated by COVID-19 because of the pandemic’s savage impact on tourism and transportation-related services. Without an integrated solution to the travel challenge that restores confidence in travel, the path to full economic recovery would be painfully slow.

The more remarkable thing about the Trusted Travel intervention is how it emerged out of a “whole of society” campaign launched by the African Union on 20th August 2020 called the Saving Lives, Economies & Livelihoods initiative, an expansion of our PACT Initiative, which targeted nearly 10 million Africans for testing. It had become apparent, by June of this year, that an exclusive emphasis on disease containment would be a betrayal of the Africa CDC’s full mandate as a public health organisation. One of the cardinal foundations of health leadership in our time is paying heed to the “social determinants of health”.

Where “disease control” is itself becoming a barrier to the holistic wellness of the society, as has been the case with cross-border travel screening – with some people spending upwards of $600 on multiple, redundant, testing in a single round-trip journey (not to talk of the inconveniences and uncertainties) – it is critical that innovations that promote regional public health cooperation be prioritised.

This is precisely why between August and October, the Africa CDC expended enormous energy and effort on the diplomatically complex task of mobilising political will in Africa to harmonise public health restrictions on travel. And yet three months is in fact an unbelievably short time to mount something of this geopolitical scale.

Generating digital COVID-19 certificates and building the technical solutions for immunity certificates are by far the easiest part of the undertaking. Going through the political process of securing member state buy-in and convincing large private actors, like multinational airlines, to adopt common business processes is many times more challenging. And yet, this is what it takes, at the minimum, to assemble a credible multilateral innovative solution.

It is not surprising at all then, when one considers the general thrust of things since this pandemic began, that it is Africa that has been both bold and quick enough to launch something of this magnitude to balance the twin objectives of recovery and disease containment.

Such a feat requires very optimal combinations of solidarity, leadership, innovation and communal thinking (which engenders the necessary trust for mutuality to work). None of these values have been in short supply on the continent where COVID-19 has been concerned, even if the world has not been paying attention.

The only question left is this: what next is Africa going to do, long-term, to sustain this remarkable burst of world-leading thinking in tackling its multitudes of health challenges?

*SOURCE African Union (AU).Dr John Nkengasong is Director of the Africa Centres for Disease Control and Prevention (Africa CDC) and Amira Elfadil Mohammed Elfadil is Commissioner for Social Affairs at the Africa Union Commission

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Tensions as South Sudan, Uganda troop clashes leave two dead at border
October 30, 2020 | 0 Comments

By Deng Machol

Juba – Tensions are high between Juba and Kampala, following following a border clash between troops from Uganda and South Sudan that left two dead in South Sudan’s Eastern Equatoria state.

The locals said Ugandan army attacked a SSPDF outpost at Pogee village in Eastern Equatoria state killing two SSPDF soldiers before walking away with their bodies.

The South Sudan People’s Defense Force (SSPDF) has confirmed, by says that it has repulsed an attack by Ugandan military forces on a border village in the country’s Eastern Equatoria state on Tuesday.

In a statement statement, the Juba army spokesperson, General Lul Ruai Koang said his force was repulsed following a brief takeover of the SSPDF outpost by the UPDF, saying the attackers were heavily armed.

“On October 27th, 2020, at about 1PM, a mechanized Unit of Ugandan People’s Defense Forces made a major incursion into our territory. UPDF armed with heavy artillery pieces and light military trucks mounted with 12.7mm machine guns launched cross border attack on own Defensive Border outpost at Pogee in Magwi County, Eastern Equatoria State,” said Lul in the statement.

Army spokesperson added that “SSPDF Squad sized force heroically fought to protect territorial integrity of our beloved Country. However, that small force was outnumbered, outgunned and was temporarily forced to retreat. A hasty counterattack code named “Operation Restore Territorial Integrity of the Republic of South Sudan” was launched to flush out mechanized Units of UPDF.”

The statement further said “As things stand, SSPDF had regained full control of Pogee, reinforced and strengthened own defensive postures along the borders with Uganda. The brief clash resulted in own two dedicated Servicemen getting killed in action while a third was captured.

“Reliable intelligence reports indicated UPDF had lost two servicemen as well. UPDF is currently in custody of remains of fallen comrades along with their personal assault rifles,” said statement in part.

Meanwhile, The UPDF spokesperson, Brigadier Flavia Byekwaso, told Radio Tamazuj that the problem started when South Sudanese army entered Uganda on a motorbike and started harassing people. 

“The people called the army and when the army tried to talk to them these guys just opened fire causing an exchange because the Ugandan side also opened fire,” said Byekwaso. “As a result, we killed two from the other side and we also captured one.”

She said UPDF did not lose any soldiers and that talks were on-going to resolve the issue.

Lul unveiled that Juba’s top military officials had established contacts with UPDF leadership on unprovoked incursion and the later had in turn promised to handover remains of fallen soldiers along with their guns as well as the serviceman taken as PoW. 

Handing over ceremony is expected to take place in the next few days.

“SSPDF reiterates its commitment to maintenance of cordial relations with UPDF but was saddened by chameleonic behaviors of that army from supposedly sisterly country,” said Lul.

Area representative urged civilians in the area to remain clamed and further called on the national government to intervene and resolve the dispute.

As the locals are living in fear following recent clashes, are now appealing to authorities of the two countries to resolve the issue.

South Sudan gained her independence in 2011 and then battered by a years of conflict is facing a border encroachment from its neighbouring countries.

Support Peace Initiative Organization SIPDO, a South Sudanese organization appealed to the technical committee on the land border from South Sudan and Uganda to re-commit to resolving disputed border boundaries.

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Cameroon: The Fisherman’s Diary Wins Four Awards in Istanbul
October 30, 2020 | 0 Comments

By Boris Esono Nwenfor

Best Lead Actor went to Kang Quintus of the Fisherman's Diary
Best Lead Actor went to Kang Quintus of the Fisherman’s Diary

One of the most trending movies in the Cameroonian space, The Fisherman’s Diary, a film that tells the story of a young girl battling to get an education in a society where girl’s education is forbidden has won big in four categories in Istanbul, Turkey.

The movie that was nominated in four categories succeeded in winning all. The best Lead actor went to Kang Quintus. Enah Johnscott won Best Director. In the Best Film category, the Fisherman’s diary came out a winner. The Best Original Score went to the song by Ewube and produced by Blaise B.

This year, the movie has succeeded in winning numerous awards across the world. At the London’s I Will Tell International Festival, Faith Fidel who played Ekah in the Fisherman’s Diary won Best actress in a feature drama. The movies also snapped up the best feature drama at the best feature drama.  

During his acceptance speech at the I Will Tell International Film Festival in London, Kang Quintus said as quoted by critiqsite: “Being a little boy who grew up in the village, went to school barefoot and coming from a family where we could not afford a three-square meal a day to being on a stage like this and winning best film. It’s the greatest feeling I could ever imagine. I feel this is a dream for Cameroon because this film is representing Cameroon. I just want to say big congratulations to the entire cast and crew. This is for Cameroon! Cameroon is coming up very strong and you should watch out for movies from here…”

Kang Quintus and Faith Fidel
Kang Quintus and Faith Fidel

Fisherman’s Diary Premiers in Buea/Limbe Cancelled

Following the killing of six children at Mother Francisca International Bilingual School in Kumba, South West Region of Cameroon on October 24, 2020, the Management of Kang Quintus Films has cancelled the premiers of the movie in Buea and Limbe. According to the, they are joining the entire country to mourn the lives lost.

“The management in consultation with its event sponsors is announcing to the general public that The Fisherman’s Diary Buea and Limbe Premiers hitherto scheduled for October 30 and October 31 respectively has been postponed. Future premiere dates will be announced subsequently,” a communiqué for Kang Quintus stated.

“The entire cast and crew of the Fisherman’s Diary continue to pray for the families affected by this massacre. May the souls of the departed angels, rest in peace,” He concluded.

The Fisherman’s Diary for some weeks now has been publicized in various media across Douala and Yaounde. It is all about giving an insight into the movie. A movie premiere was done in Douala, with Buea and Limbe expected to be part of it, though that will not be the case now.

Insight into the Fisherman’s Diary

The movie directed by Enah Johnscott and produced by Kang Quintus is a storey of a 12-year-old Ekah (Faith Fidel) who got inspired by Malala Yousalzai, the youngest noble prize winner.

She is determined to go to school in a village of fishermen where it is considered as taboo. He drives to break this adage gets her embroiled with her father Solomon (Kang Quintus) experience with girl child education, critiqsite reported.

The Fisherman's Diary won Best Feature Film
The Fisherman’s Diary won Best Feature Film

The film features other actors such as Ramses Nouah, Onyama Laura, Neba Godwill, Mayohchu and Daphne Njie.

The film has won best film in India and New York, picking up Best director, best film, best soundtrack and best production nominations at the prestigious PAMA in Paris, France.

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Rakuten Group and AAIC Launch the AAIC-Rakuten Africa Innovation Project
October 30, 2020 | 0 Comments

Rakuten logo

New project promotes addressing social challenges in Africa by mentoring local startups for further business growth.

Tokyo, October 29, 2020 – Rakuten Europe S.à r.l., Rakuten’s European headquarters, and Asia Africa Investment & Consulting Pte. Ltd. (AAIC), a Japanese growth equity fund and consulting firm based in Singapore, today announced the launch of the AAIC-Rakuten Africa Innovation Project. The project will drive solutions to social challenges in Africa through technical and management mentoring designed to promote business growth for African startups.

As countries and regions across Africa are achieving remarkable economic growth, many local startup companies are actively aiming to “leapfrog,” a process that seeks to use innovation to solve social challenges such as infrastructure, agriculture, nutritional improvement and the provision of clean drinking water.

With this project, startups from Africa participating in the AAIC-managed Africa Healthcare Fund and Rakuten will share information and expertise with an aim to realize practical countermeasures that efficiently solve social challenges. As startups share information about the challenges they face locally in their industries as well as those in wider society with Rakuten, based on this intelligence, Rakuten will make use of its expertise in technology implementation across a wide range of fields from e-commerce to fintech, digital content and communications to support and help grow these local businesses through active mentoring.

Rakuten has expanded to offer more than 70 services around the world based on its mission to empower individuals, communities, businesses and society. From April 2019 to June 2020, Rakuten participated in the Japan International Cooperation Agency (JICA)’s SDGs Business Supporting Surveys program for partnering with private enterprises, working in Rwanda to overcome social challenges through Rakuten’s technological expertise by building an insurance system using blockchain technology and harnessing drones for agriculture. In May 2020, Rakuten announced an agreement with the African Institute for Mathematical Sciences (AIMS) to work together to train the African tech community by providing students with cooperative research opportunities and further develop an ecosystem of innovation.

Toby Otsuka, CEO of Rakuten Europe, commented, “Since the day Rakuten was founded, we have always believed in the power of innovation, and throughout its history, our company has always been dedicated to contributing to society. In recent years, many startups in Africa have achieved tremendous growth and are using technology to change people’s lives in significant ways. By collaborating with AAIC and engaging in dialogue with startups that are confronting local challenges head-on, we hope to solve social challenges with our partners as a team leveraging Rakuten technology and business assets.”

As a growth equity fund with operations in Africa, AAIC aims to achieve sustainable growth for developing countries by harnessing Japan’s strength across three pillars: strategic consulting, funds and human resources. In 2017 it established the Africa Healthcare Fund to invest in fast-growing companies in the African healthcare sector. As of September 2020, it has investments in 21 companies that bring innovation for healthcare services that include healthcare e-commerce, fintech for international money transfers, an ambulance dispatch platform, online mental health counseling, teleradiology platform and advanced imaging centers, dialysis centers and maternity hospitals.

Shigeru Handa, Director of AAIC, commented, “Scaling up for further growth is a big challenge as we invest in and support companies that are driving innovation in the healthcare sector, which is one of Africa’s social challenges. We expect this collaboration with Rakuten to provide opportunities to promote synergies and business growth for startups, particularly in the area of technology.”

Rakuten and AAIC aim to contribute to solving social challenges in Africa through the acceleration of innovation.

Overview of the AAIC-Rakuten Africa Innovation Project

  • Overview and purpose: This project aims to realize practical countermeasures that efficiently solve social challenges in Africa through mentoring local startups participating in AAIC’s Africa Healthcare Fund and sharing knowledge and expertise.
  • Period: October 29, 2020 – December 2021 (dates subject to change)
  • Examples of initiatives: Initiatives include improvements to apps and other products and services provided by startups in Africa, and mentoring to support business operations and new service launches. Some initiatives are subject to change going forward as details are currently under consideration.

About AAIC

AAIC Group aims to create new business growth models by offering support mainly in emerging markets, as well as new businesses in Japan. As a fund management firm, AAIC in Singapore manages the African Healthcare Fund to support innovative startups and companies in growth in the healthcare industry in Africa, which provide innovative and sustainable solutions to social challenges in Africa.


About the African Institute for Mathematical Sciences (AIMS)

Established in 2003, this higher education and research institute aims to foster high-level human resources for the science and technology sector. Attracting excellent scholars and instructors from 43 African countries to its centers in several African countries (South Africa, Senegal, Ghana, Cameroon, Tanzania and Rwanda), AIMS is raising the level of Africa’s science and technology through postgraduate education, teacher training, blue sky scientific research and research in partnership with business. With the cooperation of companies like Facebook and Google, it is running a number of advanced projects in areas such as the provision of AI and machine learning courses.  

About Rakuten

Rakuten, Inc. (TSE: 4755) is a global leader in internet services that empower individuals, communities, businesses and society. Founded in Tokyo in 1997 as an online marketplace, Rakuten has expanded to offer services in e-commerce, fintech, digital content and communications to approximately 1.4 billion members around the world. The Rakuten Group has over 20,000 employees, and operations in 30 countries and regions

*Rakuten

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Themba Mliswa , Zimbabwe Active Legislator on Sweep Clean Campaign Exposes Massive Grant Corruption By Godwin Matanga Police Commissioner General .
October 29, 2020 | 0 Comments

Temba Mliswa

By Nevson Mpofu

Grant corruption reaches its highest levels in record in Zimbabwe after thorough investigations carried by Temba Mliswa Legislator for Norton constituency. Mliswa this week on Monday addressed journalists in Harare at the Media Centre. He exposed Commissioner General of Police Godwin Matanga who carried out several corrupt activities while in office since Robert Mugabe’s reign. By then he was the Deputy Police Commissioner while Augustine Chihuri was the Commissioner General.

Police Commissioner General Godwin Matanga is alleged that whilst he was Deputy Police Commissioner subordinate to Augustine Chihuri who by then was the Commissioner General sourced goods and services from personally known friends and acquaintances for self-greedy in a shameful corrupt avarice, Zim-Sentinel has learnt this through investigations and one on one interviews as confirmed by Themba Mliswa Member of Parliament for Norton Constituency.

The dealings are fraught with irregularities and attempts are alleged to have been made by Matanga to have these dealing swept under the carpet. At the same time other dealings were conducted by Chihuri and him Matanga are alleged to have been torn to shreds to conceal evidence, Themba Mliswa bares all to media at a press briefing in Harare on Tuesday this week.

‘’These are serious dealings that are contributing to shameful corrupt activities. It is however sad to note that these are issues kept quiet by the Government.  It is also pathetic to note that an organization like Zimbabwe Republic Police geared to effectively and efficiently tackle the challenges presented by miscreants in society is involved in shed deals likely to add injury to pain already suffered by Zimbabweans ‘’ , he gesticulates snarling with anger .

‘’But what if these miscreants are not only members of the organization, but indeed head ranks? Who the policies police for that matter?’’ he poses a rhetoric question.

Further more to it, Matanga in December 2019 in the company of his staff officer, Transport and Logistics, Commissioner Hlabiso , is alleged again to have paid  a visit to Croco Motors with intention to purchase 80 operation vehicles without following  due tender process and procedure . In his personal capacity, he is alleged to have instructed Croco motors to clear the vehicles on customs clearance certificates under the Zimbabwe Republic Police. He is further alleged to have instructed Croco Motors to brand the afore-mentioned vehicles in ZRP colors ready for collection.

‘’During routine inspections of Croco Motors, ZIMRA, Zimbabwe Revenue Authority officials discovered various anomalies in the procurement process of the vehicles. Alarms rang and Matanga did not collect the vehicles initially as agreed. Matanga then made an attempt to institute regulated tender procedures in retrospect, but failed, He then preceded to have payment made for 15 [fifteen of the 80 [eighty] vehicles which are currently packed at ZRP warehouses. The remaining 65 [sixty-five vehicles remained at Croco Motors warehouse in Harare. He made efforts to make the matter vanish at Croco Motors.’’ , he adds more .

‘’ZRP paid double the amount of each vehicle. Other players were denied the opportunity to tender as the procurement process was flouted and fraught with irregularities. This prejudiced ZRP of a huge sum of money in the process’’;, continues Mliswa .

Matanga also approached Scan-Link in another incident of grant corruption. The intention was to purchase command vehicles for Chief Superintendents and Assistant Commissioners at a cost of approximately USD 43 ,000 each for Chief superintendents and USD66,000,00 for each for Assistant Commissioners. The total number of vehicles is yet to be verified. The value of the vehicles were inflated two-fold at the behest of Matanga . This price anomaly came to light. In an attempt to conceal corruption, ZRP tried to engage Scan-Link to reimburse the value of the inflated amount.

There are several cases as well in relation to 5 [five]residential stands at Sandton development near Westgate in Harare. These were obtained through corrupt means involving a dealer called Felix Munyaradzi . Matanga is as well the beneficiary of stands acquired through the then Mayor of Harare Herbert Gomba .

‘’The procurement violations are apparently not limited to the above listed and it is believed that the flouting of procurement procedures, price inflations, the indiscriminate arrests of targeted individuals, persecution as opposed to persecution, abuse of office and corruption are all allegations that a concerted and thorough investigation will un-earth.

‘’These are allegations that I have officially submitted to the Zimbabwe Anti-Corruption Commission. For all this to move on well, Matanga must immediately step down so that investigations move on well. How can an officer investigate his boss while still in office? Thus, why many of the previous number of cases have died silently over the years ‘’.

‘’Matanga must be investigated together with some other people sucked in like the Director of the Special Anti-Corruption Unit in the President’s office, members of the Magistrate Court and CIO. This is causing fear and despondency to its victims who are allegedly arrested either by police or SACU, Southern Africa Customs Union. The problem un-earthing all evidence is that there are bribes demanded from those guilty so that they can be released. Alleged syndicates are believed to target those loyal to His Excellency President Mnangagwa, senior ZRP officers and some individuals ‘’ he concluded.

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Media Expert Zarina Geloo Tips Reporters On Effective Coverage Of Health Matters
October 29, 2020 | 0 Comments

By Kelvin Mbewe

Zarina Geloo

Health reporters in Lusaka Zambia where over the weekend given tips on how to thrive in reporting on health issues by a health journalists Zarina Geloo that has been practicing for over four decades.

Ms Geloo called on health reporters to report correctly on health matters as wrong messages have serious consequences on people’s lives.

The health expert also emphasized on empathy as being at the core of health reporting.

She said health reporters must exercise empathy with the subject being reported on heath matters and must avoid drama, hype and sensation.

She was speaking at a media engagement where she gave an example of how wrong messages on covid 19 would have impacted negatively on humans.

“Imagine how many people we would have lost if journalists where spreading false rumors that covid 19 did not exist,” she said.

Ms Geloo has therefore called on health reporters to investigate on covid 19 stories rather than reporting from press briefings.

“Develop a skill of embedding things in your mind; it’s annoying but you have to stay with it because that is who you are. There was a time when most members of parliament tested positive to Covid 19 and a follow up story revealed that they attended a wedding where it was discovered that they contracted it from,’’ she said.

She also advised health reporters to develop a good network of sources that help with simplifying information on health.

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Terrorism in Mozambique is linked to the natural gas, says interior minister
October 29, 2020 | 0 Comments

By Jorge Joaquim

Interior Minister Amade Miquidade

The terrorist attacks in Cabo Delgado province are linked to the natural gas and precious minerals found there, Interior Minister Amade Miquidade has admitted.

The minister was answering questions in parliament about the government’s strategy for combating the armed groups that have been carrying out attacks in the region for three years, when he said that terrorism has a relationship with resources and resources with terrorism, and “this is the evil that we deal with”.

He added that the discovery of hydrocarbons and precious minerals in the region attracted international groups interested in its disorderly exploration, and that criminal groups with international connection were behind the conflict.

“It is not to be neglected, [that there might be] some geostrategic interest in the economic importance that the province [of Cabo Delgado] presents for the southern hemisphere and on the global hydrocarbon chess-board,” Minister Miquidade said.

According to the minister, armed violence in Cabo Delgado may bear the hand of the so-called ‘Islamic State of the Province of Central Africa’, “which recently carried out simultaneous attacks in Mozambique, Tanzania and DR Congo”.

Miquidade also admitted the presence of foreign mercenaries helping government forces, the first time the government has done so. He called them “security consultants” and said that the government had had to ask other countries for support, as Mozambique did not have experience in fighting terrorism.

“The new economic players have specific security dynamics, and the continuity of these investments requires specialization in means that we do not have,” the minister said.

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Africa Energy Forum and AFSIA celebrate winners in 15 categories during the AFSIA Solar Awards 2020
October 29, 2020 | 0 Comments
The winners of the Africa Solar Industry Association (AFSIA) Solar Awards 2020 were unveiled during first-of-its kind online event.

The inaugural AFSIA Solar Awards, organized in partnership with the Africa Energy Forum (aef) , culminated in a grand show streamed online on 29th October. During this ceremony, the winners of 15 categories were unveiled and celebrated.

More than 130 entries were submitted across the different categories from all over the continent over the past few months. The Jury, composed of leading experts in solar energy in Africa, have carefully evaluated each entry to identify the most deserving companies and individuals to be awarded the grand prize during this online ceremony.

Among the 15 categories in competition this year, the most disputed titles included “C&I Project of the Year” and “Mini-Grid Project of the Year”, which is reflective of the increased activity of both of these segments of the African solar industry. “Woman in Solar of the Year” has also been particularly popular among participants. This highlights the very positive trend of the growing involvement of women in the solar industry across the continent.

Winners
Category
Winner
Achievement
Utility Scale Project of the year
Sterling & Wilson Solar
for the multi-projects 322 MW contribution to Egypt’s 1.6 GW Benban Solar Complex
Commercial & Industrial Solar Project of the year
CrossBoundary Energy
for the Jabi Lake Mall project in Abuja, Nigeria
Mini Grid Project of the year
Africa GreenTec
for their productive-use based Mini-Grid projects in Mali, Niger and Senegal which are often subject to high security risks
Solar Home System Company of the year
d.light
for achieving the target of reaching 100 million people with solar energy
Residential Project of the year
Munyax Eco
for exceptional achievement in the field of Solar Water heaters having installed more than 1,000 units across Rwanda saving 8,000 tons of CO2 per year
African Solar company of the year
ANKA Madagascar
for securing 5 MW worth of mini-grids across Madagascar and for the company’s innovative AgriGrid model
African Solar SME of the year
Pawame

And

Solar Box Gabon
for reaching 80,000 Kenyans with Solar Home System solutions while achieving cash-flow break-even and profitability

for developing the “Solar Cube” which doubles the production of traditional solar panels
Financial Advisor of the year
Synergy Consulting Infrastructure and Financial Advisory Services
for their advisory services to cutting-edge large-scale projects across the continent such as the 2×50 MW tender in Botswana, the 32MW Djermaya project in Chad or the world’s first PV-CSP hybrid 200MW project in Egypt
Legal Advisor of the year
Eversheds Sutherland
for their contribution to the Open Solar Contracts with IRENA, the International Renewable Energy Agency, and the Terrawatt Initiative, providing open source standardized contracts to governments across the globe
Technical Advisor of the year
Suntrace
for technical advisory to the Fekola Gold mine hybrid project in Mali, a first of its kind off-grid hybrid project composed of 36 MW of solar, 15.4 MWh of storage, saving 13 million litres of heavy fuel oil annually
DFI of the year
African Development Bank (AfDB)
for establishing SEFA, the Sustainable Energy Fund for Africa which has contributed among others First of its kind inventory finance facility for solar irrigation products in East Africa
Woman in Solar of the year
Olaedo Osoka
CEO of Daystar Power Ghana, for leading the expansion of the company from Nigeria to Ghana, Togo and Senegal and realizing C&I projects of 8MW in this 2-years period… only at the age of 27!
Solar Innovation for the year
Phaesun
for their work on the RevivED Water Innovation project, a solar-powered desalination and purification systems for brackish water based on electrodialysis technology providing up to 2000l of clean drinking per day
Solar Picture of the year
Alexandre Skander Allegue – Pawame
for a beautiful picture highlighting the impact of lighting in the most remote areas
Solar video of the year
Joanna Gentili – African Minigrids
for a super inspiring and motivating video about electrifying a village in Malawi
 
An exceptional and global platform

The awards ceremony was organized in collaboration with aef and was conducted online.

This year, aef joined forces with the African Utility Week & POWERGEN Africa plus Oil & Gas Council’s Africa Assembly this October to host a ‘Digital Africa Energy Festival’ – the largest ever energy event for the African continent.

John van Zuylen, Founder of AFSIA, commented; “AFSIA Solar Awards is delighted to be hosted by this much respected programme and to unveil the winners during a digital ceremony on October 29th.

The event was organized as a great show celebrating exceptional achievement in the solar industry and hosted several African personalities such as Ndumiso Lindi, the host of the awards, and the African band and dance troupe ‘Les Merveilles de Guinee’ who gave a thrilling performance. Several leaders of the global industry such as Huawei, Trina Solar and Jinko Solar also provided their support to make this a truly exceptional event.”

Meet the jury

Applications to the AFSIA Solar Awards were evaluated by some of the most experienced professionals of the African solar industry. These experts reviewed every application independently and selected the best ones in each category.

This year the jury was composed of Eng. Lamya Abdel Hady, Head of Sector Private Projects, EETC (Egypt), Bah F.M. Saho, Executive Director, ECREEE (Cape Verde), Jo Dean, Board Member, SAPVIA (South Africa), Jasandra Nyker Managing Director, Denham Capital (South Africa), Aaron Leopold, CEO, AMDA – Africa Minigrid Developers Association (Kenya), Linda Munyengeterwa, Regional Industry Director for Infrastructure, IFC (South Africa), Izael Da Silva, PhD, Deputy Vice-Chancellor – Research and Innovation Department, Strathmore University (Kenya) and Simon Gosling, Managing Director, EnergyNet (UK).
*SOURCE Africa Energy Forum
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Professor Kishore Mahbubani predicts rise of Africa at Afreximbank’s Babacar Ndiaye Lecture
October 29, 2020 | 0 Comments

H.E. Professor Kishore Mahbubani, Distinguished Fellow, Asia Research Institute and Founding Dean of the Lee Kuan Yew School of Public Policy at the National University of Singapore

aking place last week, the Fourth edition of the Ndiaye Lecture was organised at a time of major tectonic shifts around the world and the choice of the main theme “Africa and the Remaking of the New World Order” reflected these developments at the global level. In his keynote address H.E. Professor Kishore Mahbubani, Distinguished Fellow, Asia Research Institute and Founding Dean of the Lee Kuan Yew School of Public Policy at the National University of Singapore, predicted a shift in economic power from the West to Asia in the first half of the 21st Century, with the second half moving into the Afro-Asian Century.

“From the year one to 1820, China and India were the two largest economies of the world. It is only in the last 200 years that Europe took off, followed by the United States. In contrast to the plight of the bottom fifty percent in the United States today, the bottom fifty percent in China have had their best forty years of socio-economic advancement in four thousand years of Chinese history,” said Professor Mahbubani, a world-renowned geopolitical thinker and veteran diplomat.

“In the 1990’s, China decided to become more pragmatic and the West decided to focus on ideology,” stated Professor Mahbubani. Four decades later, pragmatism which emphasises the adoption of development models and solutions with a proven track record, enabled China to overtake the US as the largest economy in the world in purchasing power parity terms after a successful demographic transition.

Professor Mahbubani predicted that the second half of the 21st century will be the Afro-Asian century, especially with the African population projected to double in the coming decades. Mainstreaming the culture of Meritocracy, Pragmatism and Honesty (MPH), which helped achieve successful demographic transitions in China, will play the same role in the process of African Renaissance and the return of the continent to the global centre stage. The MPH structure also has the potential to stem endemic corruption which in the view of Professor Mahbubani has been the single most important impediment to development over the years. Professor Mahbubani exhorted future generations of Africans to aspire to be as honest as Mahatma Gandhi and Nelson Mandela.

Earlier, Professor Benedict Oramah, the President and Chairman of the Board of Directors of Afreximbank, underlined the visionary spirit of Dr Babacar Ndiaye and his development impact. “Afreximbank which was created in response to the sovereign debt crisis of the 1980’s has become the African crisis management institution par excellence,” stated Professor Oramah.

The event also featured a tribute to Dr Ndiaye from his former colleague, Ms. Arunma Oteh, who was African Development Bank Vice President for Corporate Services, World Bank’s Treasurer and is currently at the Said Business School at University of Oxford as an Academic in Residence. She gave a moving tribute about Dr Ndiaye’s life as her mentor and shared his vision of Africa as an economic powerhouse.

The poet Dike Chukwumerije gave a rousing rendition of African history, highlighting the exceptional contribution of Africa to the world and paying homage to systematically organized civilizations of Africa’s past. Stressing the importance of history in the survival of civilizations he invited Africans to treasure and preserve their history. “In our African souls we carry always our ability to rise,” Mr Chukwumerije stated in his closing statement.

After thanking the participants and speakers for their exceptional contribution to the fourth edition of Ndiaye Lecture in his closing remarks, Dr Hippolyte Fofack, Chief Economist at Afreximbank, observed that “the rise of Africa in the second half of the 21st century will take the world back to the beginning of history,” stressing the role played by Africa as the cradle of civilisation.
Participants also enjoyed a musical performance by the virtuoso Ms Sona Jobarteh. The Babacar Ndiaye Lecture was held as a virtual event – due to the Covid-19 pandemic. It attracted more than 2000 attendees.
Professor Kishore Mahbubani’s keynote address can be viewed here: https://ndiayelecture.afreximbankevents.com/
The Babacar Ndiaye Lecture series, launched by Afreximbank 4 years ago, honours the founding role the late Dr Babacar Ndiaye played in the establishment of Afreximbank. As President of the African Development Bank from May 1985 to August 1995, he is credited with championing the Africa’s economic growth and progress.

About Afreximbank: The African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution with the mandate of financing and promoting intra-and extra-African trade. Afreximbank was established in October 1993 and owned by African governments, the African Development Bank and other African multilateral financial institutions as well as African and non-African public and private investors. The Bank was established under two constitutive documents, an Agreement signed by member states, which confers on the Bank the status of an international organization, and a Charter signed by all Shareholders, which governs its corporate structure and operations. Afreximbank deploys innovative structures to deliver financing solutions that are supporting the transformation of the structure of Africa’s trade, accelerating industrialization and intra-regional trade, thereby sustaining economic expansion in Africa. At the end of 2019, the Bank’s total assets and guarantees stood at USD$15.5 billion and its shareholders funds amounted to US$2.8 billion. Afreximbank was “African Bank of the Year” in 2019. The Bank disbursed more than US$38 billion between 2016 and 2020. Afreximbank has ratings assigned by GCR (international scale) (A-), Moody’s (Baa1) and Fitch (BBB-). The Bank is headquartered in Cairo, Egypt.

*AMA

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Sisu’s Life Saving Hemafuse Device Introduced in Five Frontier Hospitals of Kenya
October 29, 2020 | 0 Comments
The Hemafuse device saves lives in trauma incidences, like ruptured ectopic pregnancies and ruptured spleens, as well as in planned surgeries

 Sisu Global’s flagship medical device is Hemafuse, a surgical autotransfusion device that is revolutionizing blood access across Africa. There is a global shortage of 100 millions units of donor blood worldwide, and only 40% of the demand for blood transfusions is met across Africa. The COVID-19 pandemic has dramatically worsened the global blood shortage as blood drives and large gatherings have been cancelled. Autotransfusion is the process of salvaging and retransfusing the patient’s own blood in cases of internal bleeding. Studies show that autotransfusion reduces a patient’s recovery time and risk of infection and removes the potential for rejection when compared to donor blood. Notably, autotransfusion is viable for cases of ruptured ectopic pregnancy. Other viable cases include blunt trauma, traffic accidents, and cardiac and orthopedic surgeries.

Sisu Global’s Hemafuse device is a direct answer to this blood shortage through its ability to  perform autotransfusions even in the most challenging environments as it is a completely manual device and doesn’t require any electricity. The device can be used both in emergencies and scheduled procedures to recover blood from where it pools inside of a patient into a blood bag, where it is immediately available to be re-transfused back to that same patient.

Hemafuse has been used in cases where there is no donor blood available, as well as the preferred option, over donor blood. When compared to autotransfusion, the use of donor blood comes with a higher risk of disease transfer, increased length of stay, readmissions, and other complications.

This past August, through Sisu’s partnership with Amref Health Africa, Hemafuse was introduced to five hospitals in frontier counties of Kenya addressing humanitarian challenges and with high incidences of emergency surgeries. Since this introduction, the Hemafuse has already been used to save multiple lives in cases of internal bleeding.

The Hemafuse training program began in these hospitals in late August and successfully finished in late September. Notably, the Hemafuse has already been successfully used twice in the Lodwar County Referral Hospital. The Lodwar County Referral Hospital is the only functional public hospital in the Turkana region and serves as the sole referral hospital for the Turkana region’s 90 health centers and dispensaries. Many patients from Uganda and South Sudan also utilize the Lodwar Hospital as their referral hospital, increasing the population coverage area for this hospital to almost 1 million people. One surgeon from the Lodwar Hospital said of the donor blood shortage faced by Lodwar County Referral Hospital: “Being one of the counties with vast land mass and well sparsely populated areas, LCRH has a satellite blood bank where at times they are able to do blood donation drive and send samples for testing to Eldoret especially when schools are open, but nonetheless the whole county relies on this satellite blood center which often is overwhelmed by the needs of patients requiring blood transfusion. Availability of blood products in the facility is also a big problem.”

In two recent cases, a Hemafuse device donated to Lodwar County Referral Hospital by the Amref Safe Motherhood project saved the life of a patient suffering from a ruptured ectopic pregnancy and another patient with a ruptured spleen from a road traffic accident; there was no available donor blood for either operation. A theatre nurse who used Hemafuse in the case of a ruptured ectopic pregnancy in Lodwar reported that, “Donor blood is a big challenge in Lodwar particularly due to cultural beliefs and the long distance/bad terrain which makes the blood donation a difficult exercise.” With the Hemafuse device, doctors were able to salvage four units of blood and retransfuse them immediately, saving both patient’s lives. The theatre nurse also said of the device, It [Hemafuse] has been a great benefit…. so far it has saved lives and provides satisfaction too. As a health worker you go home knowing you have touched a life.”

On the introduction of Hemafuse to Lodwar, Sisu’s CEO stated, “Major surgeries typically require two units of blood on hand before they can commence. With Hemafuse, we are looking towards the future where a patient’s own blood can save them. At Lodwar Hospital and other hospitals across Kenya, Hemafuse has enabled surgeries that would otherwise not have been able to be performed. We commend the courageous work of our clinicians, patients, and families at Lodwar hospital and other hospitals across the globe and are glad we can do our part in saving lives. Even as we see a decrease in available donor blood due to the pandemic, we can increase access to blood by embracing innovation and the ability for patient’s to be their own blood donors.”

The surgeon who used the Hemafuse to operate on the patient with a ruptured spleen reported that the Hemafuse device is especially helpful in trauma cases that are a matter of life and death. “We shall be able to efficiently harvest the blood and provide it for the patient in the same setting. Issues of blood transfusion reactions will be no more if we use patients’ own blood to autotransfuse and provide volume deficits.”

The Hemafuse has also been introduced in the following four hospitals in humanitarian zones: Kakuma Mission Hospital, Mandera County Referral Hospital, Marsabit County Referral Hospital, and Garissa County Referral Hospital. Sisu has successfully completed the training of hospital staff in all of these hospitals, and they are continuing to work, train, and advocate for more hospitals to use this life-saving device.

In addition to Hemafuse’s ongoing success in Kenya, Sisu has seen early success in introducing Hemafuse to hospitals throughout Ghana. Sisu has completed a successful pilot of Hemafuse in three of the largest 10 hospitals in Ghana: Komfo Anokye Teaching Hospital, Korle Bu Teaching Hospital, and Tema General Hospital. Over the first three months of the pilot from December through March, we saw exponential growth of Hemafuse use at these three hospitals over a 3-month period.

About Sisu Global:
Sisu Global is a corporation headquartered in Baltimore, Maryland. We envision a world where medical technology enables access to healthcare in every community. Right now, 80% of the world’s medical devices are designed for 10% of the world’s population. Sisu aims to change this statistic by designing and scaling medical devices made specifically for the global market. Sisu is the manufacturer of goods including the Hemafuse™ System. For more information, please visit our website, www.SisuGlobal.health.

About Hemafuse™:
The Hemafuse™ is a handheld, mechanical medical device for intraoperative autotransfusion of blood collected from an internal hemorrhage, meant to replace or augment donor blood in emergency situations. The Hemafuse™ is a device that can support the donor blood ecosystem by providing an option for clinicians to salvage and recycle a patient’s own blood in cases of internal bleeding. This immediate access to blood can shorten the wait time to perform surgery, increase hospital efficiency and provide access to blood where there may be no other option. This device was developed with invaluable feedback from Komfo Anokye Teaching Hospital and Korle Bu Teaching Hospital.

About Amref:
Amref Health Africa is Africa’s leading health development organization, founded and headquartered in Kenya. Amref Health Africa began 60 years ago as the Flying Doctors of East Africa to provide critical medical assistance to remote communities in East Africa. Today, Amref Health Africa has expanded to three pillars: (1) Developing human resources for health, (2) delivering innovative & sustainable health services, and (3) enabling investments in health. Amref Health Africa reaches more than 35 countries across the continent and is supported by 11 offices in North America and Europe. Amref Health Africa in Kenya has operations in all 47 counties in the country and is highly respected and trusted. Amref Health Africa has over half a century of experience in delivering health care and building health systems in Africa and supports those at the heart of the communities, to bring about lasting health improvement.

*SOURCE Sisu Global
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PIDG company the Emerging Africa Infrastructure Fund supports local currency bond issue as Senegal’s national port of Dakar begins move to new enterprise zone location
October 29, 2020 | 0 Comments
The bond raised over XOF60 billion (US$107million).


 2nd Senegal bond this year for EAIF; New deep water port to increase efficiency and reduce city centre congestion; “Green port” strategy includes large scale tree planting programme.

Private Infrastructure Development Group (PIDG) company ), the Emerging Africa Infrastructure Fund (EAIF) invested XOF* 8.3 billion (cUS$15 million) in a local currency capital market bond issue by Senegal’s Port Autonome de Dakar (PAD), the owner of the Port of Dakar. The bond raised over XOF60 billion (US$107million). The issue marks the start of the process of relocating the capital city’s port and its operations to a new greenfield site.

In June this year, as Covid-19 began to impact the global economy, EAIF backed a local currency bond issue by Senegal’s largest telecommunications company, Sonatel. The issue was successfully placed and attracted regional and international investors and demonstrated investor appetite for participating in African infrastructure projects. PAD approached EAIF following the success of the Sonatel issue.

The proceeds of the PAD bond will help fund phases one, two and three of the move of the port of Dakar from the centre of the city to a deep water port location 35 km by sea and 70 km by road from the existing site. The port will be part of the new special economic zone that includes Dakar’s international airport, which opened in 2017. New and upgraded road and rail links will connect the port and airport to Dakar and into the regional transport network. The seven year bonds will have a coupon rate of 6.60%.

Financial close (the transfer of funds from EAIF to Port Autonome de Dakar) took place on 13th October. The bond was issued on the regional UEMOA stock exchange.

Roland Janssens, a director at EAIF’s managers, Ninety One, says;

“Supporting enterprise zones around major ports is a core strategic economic development objective of PIDG and EAIF. So too is contributing towards strengthening local capital markets. Port Autonome de Dakar is to be congratulated on its vision and ambition. The new port will help make Senegal a more competitive international economy and have benefits for the whole of West Africa.”

The current port at Dakar has evolved over the past 150 years and is now reaching the end of its productive life as global shipping demands deeper water, custom-built facilities for specialist cargoes and fast turnaround times. Senegal’s new port at Popinguine-Ndayane will cover an area of 1200 hectares. Offering deep water capable of taking very large ships with a draught of up to 16.5 meters, it is being purpose built to respond to shipping market needs. Turnaround times will fall by between a half and two thirds, depending on the nature of the cargo. It will be rated a “4th generation” industrial port, meaning it will be capable of competing with the most advanced ports on the global stage. Container-based shipping is scheduled to be first to use the new facilities, followed by RoRo (roll on, roll off) traffic then other activities.

Invictus Capital & Finance was lead arranger of the bond issue. It’s CEO (Mr El Hadji Mbacké Fall), says;

“As a regional specialist in capital markets, Invictus is proud it was able to use its expertise and local knowledge to help at the birth of such an important infrastructure development for Senegal and West Africa. The success of the issue is an encouraging sign of the attractiveness of Senegal to international investors.”

PAD have developed a “Green port” strategy  that aims to minimise the port’s carbon footprint. The plan includes a commitment to a large-scale tree-planting programme to help deforestation in other parts of the country.

Speaking for Port Autonome de Dakar, M Aboubacar Sedikh BEYE, Managing Director) says;

“Creating a great new port to serve west African economies on a new site is one of the foundation stones of building a more successful, more prosperous and greener future for Senegal. It is of great benefit to Port Autonome de Dakar to have EAIF and PIDG supporting us in this venture. They bring deep expertise of financing African infrastructure and share with us a vision of long-term investment delivering a legacy of economic and social progress.”

Dakar’s existing port employs some 1,800 people. PAD estimates that an additional 400 jobs will be created when the port relocates. The construction phase is expected to bring work to some 3,000 people.

The project is forecast to have a ten to fifteen year construction period. It is part of the Government Of Senegal’s economic development plan that will take the country to 2035. Relocation will free up valuable waterside land in Dakar city. Among the benefits of ending most port activities in the city centre will be greatly reduced road traffic congestion, lower pollution from road traffic emissions and the stimulus of new economic activity in the land vacated by the port.

*XOF is the currency designation for the West African Franc (CFA) which is used by eight West African states; Senegal, Benin, Burkina Faso, Cote d’Ivoire, Guinea-Bissau, Mali, Niger and Togo. CFA means Communauté Financière d’Afrique (Financial Community of Africa).

About EAIF:
The Emerging Africa Infrastructure Fund provides a variety of debt products to infrastructure projects promoted mainly by private sector businesses in Africa and parts of the Levant. The Fund helps create the infrastructure framework that is essential to sustained economic stability, business confidence, job creation and poverty reduction. It has to date supported 75 completed infrastructure projects across nine sectors in over 20 African countries. As of the end of 2018 the Fund had invested US$20.082 billion. EAIF is part of PIDG. EAIF was established and substantially funded by the governments of the United Kingdom, The Netherlands, Switzerland, and Sweden. It raises its debt capital from public and private sources, including Allianz, the global insurance and financial services company; Standard Chartered Bank; the African Development Bank; the German development finance institution, KFW,and FMO, the Dutch development bank. EAIF is managed by Ninety One.

About PIDG:
The Private Infrastructure Development Group (PIDG) is an innovative infrastructure development and finance organisation which encourages and mobilises private investment in pioneering infrastructure in the frontier markets of sub-Saharan Africa and south and south-east Asia to promote economic development and combat poverty. PIDG delivers its ambition in line with its values of opportunity, accountability, safety, integrity and impact. Since 2002, PIDG has supported 157 infrastructure projects to financial close and provided 209 million people with access to new or improved infrastructure. PIDG is funded by six governments (the UK, the Netherlands, Switzerland, Australia, Sweden, Germany) and the IFC. PIDG TA can provide technical assistance and capital grants to the PIDG companies to meet a range of needs associated with an infrastructure project’s life-cycle. PIDG TA can also provide up-front viability gap funding grants to support PIDG projects that require concessional funding to make a project with strong development impact financeable. 

About Ninety One:
Ninety One is one of the largest third party investors in private equity, credit, public equity and sovereign debt across the African continent. The Emerging Africa Infrastructure Fund (EAIF) is managed by and fully integrated into Ninety One’s African investment platform. Ninety One manages the entire process on behalf of the EAIF. It markets the Fund, seeks projects, evaluates loan applications, including due diligence, manages transaction administration and monitors the loan portfolio. Since May 2016, when it was awarded the management mandate, Ninety One and its EAIF team have closed over 20 infrastructure transactions with a capital value of USD 650m. The team also led EAIF’s last round of fundraising, raising US$385 million, including US$100 million from Allianz Global Investors and US$50 million from Standard Chartered, a long-standing lender to EAIF.

Ninety One is  an independent, active global asset manager listed on the London and Johannesburg stock exchanges. Established in South Africa in 1991, as Investec Asset Management, the firm was a pioneer in emerging markets in Africa. In 2020, almost three decades of organic growth later, the firm de-merged from Investec Group and became Ninety One. Today, Ninety One offers distinctive, active strategies across equities, fixed income, multi-asset and alternative investments to institutions, advisors and individual investors around the world.

*SOURCE Private Infrastructure Development Group (PIDG)
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