The Clean Technology Fund (CTF) one of two multi-donor trust funds within the Climate Investment Funds (CIF)  on August 8, 2019 approved $20 million for the Facility for Energy Inclusion (FEI), a facility sponsored by the African Development Bank to  provide sustainable financing for small-scale renewables in Africa. FEI…

  Sub-Saharan Africa is one of the fastest-growing investment zones for financial technology companies, according the trade body that represents the interests of global mobile network operators. The GSM Association (GSMA) says in its Mobile Economy, Sub-Saharan Africa 2019 report that the region will remain the fastest growing worldwide. Predicting a total subscriber base of…

  The Fourth Industrial Revolution does not mean the end of traditional manufacturing-based development models in Africa, but it will require governments and policymakers to become more innovative and experimental. Africa can find a path to the economy of the future if its governments are ready and willing to adapt.…

  Climate change is already putting huge stress on Africa’s food production systems. And, according to projections, worse is coming. As ministers for Agriculture from across the continent gather in Kigali for the Africa Food Security Leadership Dialogue, ensuring a secure and sustainable food supply must be at the center…

Besides good governance, technology can accelerate growth   Backyard industrialisation has been tried; it was a miserable failure. During the so-called Great Leap Forward in China under Mao Zedong, peasants were encouraged to erect steel furnaces in their back yards. Predictably, most people had no idea how to build a…

  In a bid to promote safety and enhance customer engagement, Kenya’s Heritage Insurance has introduced the country’s first telematics motor insurance. The new service, Auto Correct, is powered by telematics technology, a method of capturing and processing driving data. By making use of telematics capabilities together with data and…

  Africa’s contribution to global scientific knowledge stands at 1.1%. Currently, the ratio between scientist and inhabitants stands at 79 scientists per million inhabitants, the lowest in the world. At the same time, scientists trained in Africa often end up working elsewhere due to the lack of infrastructure and availability of resources.…

  Ethiopia will benefit from $100 million from the United Arab Emirates to finance technological innovation, the PM Office informed this week. The new funding consists of a grant to be provided to the East African country through the Khalifa Fund for Enterprise Development. It will be used to strengthen…

  •SSA’s mobile economy valued at over $150b in 2018 Between now and 2025, Nigeria and Ethiopia are two countries in sub-Saharan Africa (SSA), expected to drive new telecommunications subscribers’ growth in the region. This SSA growth is expected to be spearheaded by young African consumers as they become mobile…