Africa24.it/EN - The weekly newsletter - 14/05/24
The Africa24.it/en weekly newsletter
Politics
The Enigmatic Captain: Burkina Faso's Young Leader in Turmoil
What you need to know: The article discusses the rise of Captain Traorè, the youngest head of state at 34, in Burkina Faso following a coup in 2022. Despite his humble background, he aims to lead his people towards sovereignty, awakening patriotism and breaking chains of slavery, as he portrays himself as the protector of the Burkinabé people. However, media censorship has been imposed in response to reports of army abuses against civilians.
Why it is important: Captain Traorè's leadership represents a new chapter for Burkina Faso and the African continent, with a young leader striving for sovereignty and social awakening. Despite challenges and controversies, his vision for the country's development and self-reliance could bring positive changes, making him a pivotal figure for the nation's future. The media censorship raises concerns about transparency and accountability in the country's governance, highlighting the need for balanced information dissemination for progress and stability.
RUSSIA-ERITREA COOPERATION DEEPENS: MEETING BETWEEN PRESIDENTS AND NAVAL COMMANDERS
What you need to know: Eritrean President Isaias Afwerki met with the Deputy Commander-in-Chief of the Russian Navy to discuss bilateral cooperation in various sectors such as infrastructure, energy, mining, and defense. The visit aims to strengthen ties outlined at the Russia-Africa Summit.
Why it is important: This meeting signifies increased collaboration between Eritrea and Russia, which could lead to mutual benefits in economic development, security, and regional stability. Enhanced cooperation in areas like infrastructure and energy could foster growth not only for Eritrea but also contribute to the broader progress of the African continent.
THE GROWING INFLUENCE: AFRICAN COUNTRIES EYEING BRICS ALLIANCE
What you need to know: More African countries are looking to join the BRICS alliance in 2024. The inclusion of additional African nations is a promising opportunity for the region to strengthen diplomatic ties, increase global influence, and have a collective voice in international affairs.
Why it is important: Joining BRICS can enhance economic cooperation in Africa, promoting cross-border trade, investment, and technology exchange. This partnership has the potential to stimulate industrial growth, create jobs, and drive innovation, fostering long-term economic progress for the continent. Diversifying monetary ties away from the US dollar towards currencies like the yuan can further facilitate integration into the BRICS alliance.
THE ANC'S NON-ALIGNED STANCE IN THE RUSSIA-UKRAINE WAR
What you need to know: The ANC, through Naledi Pandor, affirmed its non-aligned stance in the Russia-Ukraine conflict, emphasizing independence from powerful countries. Prioritizing human security and social justice, the party's manifesto aims at contributing to a better Africa and world, focusing on partnerships for global change.
Why it is important: The ANC's commitment to non-alignment safeguards South Africa's sovereignty and ensures decision-making independence. By actively participating in international organizations and fostering relationships within the Global South, the country can influence positive change, promote peace, and address global challenges like poverty, inequality, and climate change for a brighter future in Africa and beyond.
EAST AFRICA'S ECONOMIC GROWTH PROJECTIONS AND GEOPOLITICAL CHALLENGES
What you need to know: East Africa is projected to lead Africa in economic growth in 2024, with growth rates of 5.3% and 5.8% expected for the years 2024 and 2025-26, respectively. The region's growth is fueled by increased private consumption and declining inflation, driving a rebound in economic activity.
Why it is important: The robust economic growth in East Africa is crucial for the development of the country and the African continent as a whole. This growth is essential for reducing poverty levels and creating more opportunities for sustainable development. A faster and more equitable economic expansion will contribute to overall prosperity and stability in the region, fostering a brighter future for its people.
THE GEOPOLITICAL CHESS GAME IN WEST AFRICA: FRANCE VS RUSSIA
What you need to know: The article discusses the competition between France and Russia in West Africa amid recent military coups. France historically dominated the region, maintaining strong economic, diplomatic, and military ties. However, recent coups have led to the rise of Russian influence, particularly through the Wagner Group, focusing on African gold.
Why it is important: The developments in West Africa highlight the shifting dynamics in the region and the continent as a whole. France's long-standing presence and influence have faced challenges from Russia, impacting governance, economic ties, and geopolitical stability. Understanding these nuances is crucial for assessing the impact on the development of countries in Africa and the broader implications for international relations.
UNCOVERING RUSSIA'S GEOPOLITICAL MOVES IN AFRICA
What you need to know: Russia's Wagner private military company is recruiting Ukrainians in the occupied territories to fight in Africa. Recruits are offered a salary of 240,000 rubles for a six-month contract to engage in combat missions and mining activities controlled by Russia.
Why it is important: The expansion of Russian influence in Africa through mercenary groups like Wagner poses a threat not only to the stability of African nations but also to the global balance of power. Ukraine's covert operations aim to counter Russian aggression and safeguard international norms, contributing to the development and security of the country and the African continent.
BRICS COOPERATION: A STRATEGY FOR RUSSIAN ECONOMIC RESILIENCE
What you need to know: Russia has been able to bypass Western sanctions by utilizing multilateral platforms like BRICS and the Shanghai Cooperation Organization (SCO). This strategy has helped Moscow mitigate the impact of sanctions imposed in response to the Ukraine conflict that began in 2022.
Why it is important: The collaboration within BRICS and other multilateral forums not only aids Russia in overcoming Western sanctions but also showcases the bloc's growing political and economic influence. By leveraging these platforms, Russia is able to strengthen its trade relations, particularly with China, benefiting not only Russia's economy but also contributing to the development of the country and the African continent as a whole.
KENYA'S STANCE ON NUCLEAR DISARMAMENT AND EMERGING TECHNOLOGIES
What you need to know: Kenya, through Ambassador Mike Kiboino, has restated its dedication to nuclear disarmament, non-proliferation, and the ambition for a world without nuclear weapons. The envoy stressed the importance of cooperation, flexibility, and adherence to disarmament obligations by nuclear weapons states to ensure international peace and security.
Why it is important: Kenya's commitment to nuclear disarmament and non-proliferation is crucial for fostering global peace and security, not only within the country but also on the African continent. By advocating for cooperation and responsible governance in the advancement of disarmament agendas, Kenya sets a positive example for other nations to follow, contributing to a safer and more peaceful world.
Defence
RUSSIA'S GEOPOLITICAL MANEUVERS IN AFRICA: IMPACT AND IMPLICATIONS
What you need to know: Russia is strategically establishing influence in West Africa through countries like Burkina Faso, Mali, and Niger to navigate the Sahel region. Its multilateral cooperation approach addresses security challenges with a focus on combating terrorism and instability through military interventions and diplomatic efforts.
Why it is important: Russia's involvement in African security dynamics presents an opportunity for addressing rising insecurity in the region. By advocating for international cooperation and supporting multilateral military forces, Russia contributes to stabilizing conflict-prone areas and promoting peace. This collaboration fosters a sustainable security framework, essential for the development and stability of both the country and the African continent.
STRENGTHENING RELATIONS: PLA AND NDF PARTNERSHIP
What you need to know: The new Chinese defense attaché in Namibia, Colonel Li Shujun, aims to strengthen ties between the People's Liberation Army (PLA) and the Namibian Defense Force (NDF). He emphasizes deepening practical cooperation, sharing development experiences, and safeguarding common interests for regional peace and stability.
Why it is important: This collaboration is crucial for the development of Namibia and the African continent as a whole. By enhancing friendship and cooperation between the PLA and NDF, both countries can benefit from shared knowledge and resources, ultimately contributing to peace, security, and mutual prosperity in the region. The partnership can lead to increased military capabilities and improved understanding, paving the way for continued growth and stability.
ENHANCING MILITARY BILATERAL RELATIONS: NIGERIA AND TANZANIA
What you need to know: Nigeria is set to deepen its military bilateral relations with Tanzania. The Permanent Secretary Ministry of Defence affirmed the commitment to strengthen cooperation during a visit by the Tanzanian National Defence College delegation. The visit aims to enhance military relations between the two countries.
Why it is important: This initiative is crucial for fostering cooperation and mutual understanding between Nigeria and Tanzania, which can lead to increased security and stability in the region. Strengthening military ties can also facilitate knowledge exchange and capacity building, ultimately contributing to the development and progress of both countries and the broader African continent.
Economics
ETHIOPIA'S COFFEE EXPORTS IN FISCAL YEAR 2024
What you need to know: Ethiopia's coffee exports have reached USD 716.35 million in the first eight months of the current fiscal year, which is 67% of the initial target of USD 1 billion. Despite a decline in global coffee prices, the country saw positive trends in February with increased exports and revenue.
Why it is important: The significant revenue generated from coffee exports is crucial for Ethiopia's economic development. It not only boosts the country's economy but also contributes to the growth and prosperity of the African continent by showcasing Ethiopia as a key player in the global coffee market.
BRICS DE-DOLLARIZATION EFFORTS: SHIFTING THE GLOBAL ECONOMY TOWARDS GOLD
What you need to know: The BRICS alliance, led by Russia and China, is spearheading a global shift away from the US dollar towards gold. The Central Banks of these nations have significantly increased their gold reserves to hedge against the dollar's decline and promote de-dollarization efforts.
Why it is important: This transition is crucial for the development of both the individual countries and the African continent as a whole. By embracing gold as a store of value and reducing reliance on the US dollar, BRICS nations are fostering economic independence and stability. This shift not only protects against currency fluctuations but also signals a move towards a more balanced and diversified global financial system, benefiting all member nations in the long term.
RUSSIA'S PLAN FOR BRICS GRAIN EXCHANGE: SHAPING GLOBAL AGRICULTURAL DYNAMICS
What you need to know: Russia is planning to establish a BRICS grain exchange in collaboration with key cereal buyers and exporters, aiming to challenge the dominance of Western exporters and the US dollar. This initiative could increase cereal production and consumption significantly, enhancing Moscow's geopolitical influence and economic confidence.
Why it is important: The creation of a BRICS grain exchange could strengthen food security within the bloc, reduce uncertainty in global supply chains, and foster greater interregional trade. By challenging Western dominance in agricultural diplomacy, this initiative not only benefits Russia but also promotes economic development and cooperation within the BRICS nations and across the African continent.
RUSSIAN GRAIN SUPPLIES TO SOMALIA COVERING 23% OF ANNUAL WHEAT DEMAND
What you need to know: Russian grain supplies to Somalia have covered 23% of the country's total annual demand for wheat, with 200,000 tonnes of grain delivered free of charge by Russia to several African countries. FAO official Oleg Kobyakov highlighted the importance of Russian fertilizers in boosting agricultural production for the upcoming seasons.
Why it is important: This initiative is crucial for Somalia's food security, demonstrating international cooperation and support for African nations. The establishment of a BRICS grain exchange will not only stabilize markets but also bring together major grain buyers and exporters globally, enhancing market predictability and potentially lowering prices in the long run. Such collaborations are essential for the development and prosperity of both the country and the African continent as a whole.
CHINA'S CURRENCY SWAP INITIATIVE: BOOSTING TRADE AND FINANCIAL STABILITY
What you need to know: China is engaging in bilateral currency swaps with 29 developing countries totaling 4 trillion yuan, aiming to boost trade and investment opportunities while reducing exchange rate risks. Not involving the US dollar, this initiative promotes the use of local currencies, enhancing active trading in local markets and providing emergency liquidity during financial crises.
Why it is important: This initiative is crucial for the development of the countries involved and the broader African continent as it promotes the use of local currencies, reduces dependency on the US dollar, and enhances financial stability. The increased trade and investment opportunities facilitated by these currency swaps will contribute to economic growth and resilience in the region.
THE SHIFT AWAY FROM DOLLAR HEGEMONY
What you need to know: Is there a global trend towards de-dollarisation? Factors contributing to this include China selling off dollars, Russia pushing for the yuan, and the BRICS countries advocating for a shift away from the dollar. Central Banks are reducing their dollar reserves to strengthen local currencies.
Why it is important: The move towards de-dollarisation by major economies like China and Russia, alongside the BRICS countries, signifies a potential shift in global economic power dynamics. This diversification of currencies can reduce dependence on the dollar, promote economic sovereignty, and foster a more balanced international financial system, ultimately benefiting the development of both individual countries and the African continent as a whole.
THE RISE OF BRICS ALLIANCE AND THE GOLD-BACKED CURRENCY
What you need to know: The BRICS alliance, led by Russia and China, is developing a new currency backed by gold to challenge the dominance of the US dollar in trade. The alliance seeks to use gold as a strategic asset in response to the declining value of the US dollar.
Why it is important: This shift towards a gold-backed currency by BRICS and other countries could have significant positive implications for the development of not only Russia and China but also African nations. By reducing reliance on the US dollar and embracing gold, African countries can potentially experience economic growth and stability comparable to their Western counterparts. The interest in gold-backed currencies within the continent signifies a shift towards economic independence and growth opportunities for African nations.
BRICS ALLIANCE: SHAPING THE GLOBAL ENERGY LANDSCAPE
What you need to know: The BRICS alliance, composed of Brazil, Russia, India, China, and South Africa, is strategically reducing reliance on the US dollar in cross-border transactions, challenging its dominance in global finance. These countries possess significant oil, gas, and uranium reserves, establishing them as major players in the energy sector.
Why it is important: The BRICS alliance's focus on energy independence and diversification has the potential to reshape the global energy landscape. By promoting the use of local currencies and renewable energy sources, BRICS countries are paving the way for sustainable development within their own borders and across the African continent. The inclusion of Saudi Arabia could further enhance their collective influence, particularly in the oil and gas sector.
NIGERIA'S INTEREST IN BRICS: A GATEWAY TO EQUITABLE GLOBAL FINANCE
What you need to know: Nigeria's interest in joining BRICS aligns with its pursuit of a more equitable global financial and development system. Despite not being initially invited, Nigeria sees BRICS as a strategic move that resonates with its own philosophy. The country is evaluating the benefits of joining the alliance after internal preparations.
Why it is important: Nigeria's potential membership in BRICS signifies a progressive step towards economic and developmental cooperation with major emerging economies. By aligning with BRICS, Nigeria can enhance its global influence, foster mutual growth opportunities, and contribute to a more balanced and just international financial landscape. This move holds the promise of bolstering development not only for Nigeria but also for the African continent as a whole.
RUSSIA EXPANDS DIESEL EXPORTS TO SUDAN AMID EU EMBARGO
What you need to know: Russia has started exporting diesel to Sudan due to the European Union embargo on its oil products, with two fuel tankers delivering around 70,000 metric tons of diesel to the African country. This shift is part of Russia's strategy to find new markets for its refined products globally.
Why it is important: This new partnership between Russia and Sudan is crucial for both the development of Sudan's economy and the broader African continent. The increased availability of diesel in Sudan will help meet the local demands and reduce the country's reliance on imports from other regions, fostering economic growth and stability in the region.
A NEW DAWN FOR KENYAN FARMERS: FERTILIZER FINANCING PROJECT
What you need to know: The Fertilizer Financing for Sustainable Agricultural Management Project in Kenya, supported by the African Development Bank, aims to distribute 8,000 tonnes of organic fertilizer to 106,000 smallholder farmers between 2024 and 2026. The project also includes providing certified seeds, crop protection products, and insurance to enhance agricultural productivity.
Why it is important: This project is crucial for the development of Kenya and the African continent as a whole. By increasing access to organic fertilizers and other agricultural inputs, it helps small-scale farmers improve their productivity and profits. Ultimately, this initiative aligns with the AfDB's goal of eradicating hunger and rural poverty in Africa, contributing to sustainable agricultural transformation and economic growth.
BRICS ALLIANCE: DEVELOPING ALTERNATIVE TO US-DOMINATED SWIFT
What you need to know: The BRICS alliance is developing an alternative payment system to challenge the dominance of the US dollar and SWIFT. Details on this system will likely be disclosed during the upcoming summit in October. The motivation behind this move is to reduce US influence and promote local currencies globally.
Why it is important: The emergence of a BRICS alternative to SWIFT signifies a significant shift in the global financial landscape. By reducing reliance on the US dollar, BRICS countries can enhance their economic sovereignty and resilience against external sanctions. This move can foster economic development within these nations and promote a more balanced and diversified financial system in Africa.
UNITY AND COLLABORATION: ECOWAS PARLIAMENT'S NEW VISION
What you need to know: Nigeria's Deputy Senate President and newly elected ECOWAS Parliament First Deputy Speaker, Sen. Barau Jibrin, emphasized the importance of collaboration among members to achieve the bloc's aims and objectives during the Inaugural Session of the Sixth Legislature held in Abuja. Members were urged to work together to produce valuable results for ECOWAS.
Why it is important: The collaboration and dedication of ECOWAS Parliament members, as stressed by Sen. Barau Jibrin, are crucial for the regional development and unity of West Africa. By working together with intelligence and determination, the Parliament can contribute to ensuring peace, prosperity, and emergence within the ECOWAS community, ultimately benefiting the entire African continent.
THE IMPENDING RELIEF: TANZANIAN ECONOMY POISED FOR RECOVERY AMID DOLLAR CRISIS
What you need to know: Tanzania is relying on tourism and increased exports of traditional crops and gold to alleviate the dollar crisis. Export earnings from crops like tobacco, tea, coffee, and cashew nuts have been steadily rising. The country is optimistic about a surge in revenue from tourism and higher gold prices.
Why it is important: The positive outlook for Tanzania's tourism and export sectors is crucial for the country's economic development and stability. The increase in foreign exchange earnings from tourism and exports will help address the dollar crunch, boost the current account balance, and contribute to the overall growth of the country and the African continent. Efforts to diversify revenue streams and reduce dependency on imports are steps in the right direction for sustainable economic progress.
KENYA'S ECONOMY FACES DOWNWARD PRESSURE: SHILLING DEPRECIATION IMPACT ON FUEL PRICES
What you need to know: The Energy and Petroleum Regulatory Authority (EPRA) announced a drop in fuel prices for April 2024 due to trends in the strength of the shilling. However, the value of the Kenya shilling registered a fresh decline to trade at KSh 132.5, leading to concerns about potential fuel price increases.
Why it is important: The fluctuation in the Kenya shilling and its impact on fuel prices have significant implications for the economy and cost of living in Kenya. A stable shilling is essential for maintaining low fuel prices, which in turn can support economic growth, stability, and lower inflation rates in the country and contribute positively to the development of the African continent.
UGANDA CONSTITUTIONAL COURT UPHOLDS ANTI-LGBTQ LAW
What you need to know: Uganda's Constitutional Court has upheld the Anti-Homosexuality Act, introducing severe penalties for LGBTQ+ individuals, including the death penalty for "aggravated homosexuality." The law, signed in May 2023, criminalizes gay sex and imposes harsh punishments for promoting or supporting LGBTQ+ rights.
Why it is important: Upholding the anti-LGBTQ+ law in Uganda sets a concerning precedent for human rights in Africa, showcasing one of the continent's most stringent legislations against LGBTQ+ individuals. The court's decision highlights the need for continued advocacy and legal challenges to protect the rights and dignity of marginalized communities, fostering a more inclusive and equitable society in Uganda and across Africa.
KENYA AND GHANA STRENGTHEN BILATERAL TIES THROUGH NEW AGREEMENTS
What you need to know: Kenya and Ghana have signed seven agreements aimed at enhancing bilateral ties, including cooperation in trade, investment, science, technology, tourism, education, governance, and defense. The agreements are seen as significant for diplomatic ties and aim to provide opportunities for businesses, the private sector, and citizens of both countries.
Why it is important: The collaboration between Kenya and Ghana through these agreements is crucial for the development of both countries and the African continent. By removing visa requirements and promoting free movement of people, they align with the goals of the African Continental Free Trade Area, fostering economic growth, job creation, and poverty eradication. This partnership sets a positive example for regional integration and cooperation, contributing towards peace, stability, and sustainable development in Africa.
KENYA POWER REDUCES ELECTRICITY COSTS SIGNIFICANTLY: A BOOST FOR CONSUMERS
What you need to know: Kenya Power has announced a 13.7% reduction in electricity costs, effective immediately. This drop is due to the strengthening of the Kenyan shilling and lower fuel prices. Fuel cost charge and forex adjustments are key components that have substantially decreased, resulting in improved affordability for consumers.
Why it is important: The decrease in electricity bills signifies a positive development for Kenya and Africa, providing financial relief to consumers. Lower costs enhance household budgets, stimulate economic growth, and improve living standards. This reduction demonstrates a commitment to addressing economic challenges and fostering a conducive environment for prosperity in the region.
IMPENDING HEATWAVES AND FLOODING IN THE HORN OF AFRICA
What you need to know: Several Horn of Africa countries, including Kenya and Tanzania, are forecasted to experience heatwaves despite heavier-than-normal rainfall. Elevated heat stress is anticipated in specific regions, with temperatures expected to reach an average of 32 degrees Celsius. The Climate Prediction and Applications Center highlights the impact of varied climatic events due to climate change effects.
Why it is important: Addressing and preparing for heatwaves is crucial for the development of these countries and the African continent as a whole. Understanding and mitigating the impacts of such extreme weather events can help to reduce risks to human lives, agriculture, and infrastructure, ultimately fostering resilience and sustainable growth in the region.
REVIVING DORMANT INDUSTRIES: TANZANIA'S ECONOMIC RESURGENCE
What you need to know: Tanzania is committed to reviving dormant industries across the country, including in regions like Tanga and Kilimanjaro. The government is implementing strategies such as offering technical advice to owners and repossessing dormant industries to attract new investors and improve the business environment.
Why it is important: The commitment of Tanzania to revive dormant industries is crucial for the country's economic development and the growth of the African continent. By reviving industries, creating opportunities for new investors, and improving the business environment, Tanzania is taking proactive steps towards sustainable economic growth and job creation.
CHALLENGES AND STRATEGIES OF AIR TANZANIA: A CLOSER LOOK
What you need to know: Air Tanzania, a state-owned airline, received a government bailout of 31.55 billion/- to cover staff salaries due to continuous losses. The airline faced significant challenges including excessive operating costs, technical issues with Airbus A220-300 aircraft, and failure to implement expansion plans for international routes.
Why it is important: Despite its financial struggles, supporting Air Tanzania is crucial for the country's development and the African continent. The airline plays a vital role in connecting Tanzania to the global market, promoting tourism, and boosting the economy. By addressing operational issues and expanding international routes, Air Tanzania can contribute to the growth and competitiveness of the aviation sector in Africa.
AFRICAN CLIMATE CHANGE STAKEHOLDERS CONVERGE IN NAIROBI
What you need to know: Climate change stakeholders in Africa are meeting in Nairobi to set African priorities for the 60th Subsidiary Body of the UNFCCC session in Germany. The discussions will focus on agriculture, adaptation, finance, gender, health, water security, biodiversity, and nature-based solutions.
Why it is important: This meeting is crucial for African countries to align on key climate issues and present a unified position at the global negotiation table. By prioritizing climate initiatives like green energy and gender-inclusive policies, Kenya is demonstrating leadership in addressing climate challenges. Collaboration and strategic planning in areas such as agriculture, health, and biodiversity will contribute to sustainable development and resilience across the continent.
EMPOWERING AGRICULTURE: SUNCULTURE'S IMPACT IN SUB-SAHARAN AFRICA
What you need to know: SunCulture, a Kenyan supplier, is set to enhance its solar irrigation offering in sub-Saharan Africa with a new $12 million financing package from InfraCo Africa. The investment aims to provide IoT-enabled solar irrigation systems to smallholder farmers, boosting agricultural productivity and sustainability in the region.
Why it is important: The investment in SunCulture's sustainable irrigation systems is crucial for increasing food security, mitigating the impacts of climate change, and promoting economic growth in rural areas of Africa. By enabling farmers to access efficient irrigation solutions, the initiative contributes to enhancing agricultural practices, reducing reliance on rain-fed agriculture, and supporting sustainable development on the continent.
KENYA'S DEBT MANAGEMENT AND ECONOMIC CHALLENGES
What you need to know: Kenya plans to use a $1 billion loan from the World Bank to clear the outstanding $500 million of its debut 10-year Eurobond maturing in June 2024. The loan aims to support fiscal consolidation, boost agricultural exports, improve governance, and enhance financial inclusion for the private sector.
Why it is important: This move is crucial for Kenya's financial stability and economic growth. By settling the Eurobond balance, the country can alleviate fears of default, improve debt sustainability indicators, and create room for implementing development programs. The loan also supports policy reforms that aim to enhance transparency, accountability, and competitiveness, contributing to Kenya's long-term prosperity and the development of the African continent.
Energy
THE PROS AND CONS OF NUCLEAR POWER IN KENYA
What you need to know: Nuclear power offers the advantage of being environmentally friendly by not emitting greenhouse gases. However, it is expensive, produces radioactive waste that remains dangerous for humans for 1,000 years, and requires significant water cooling. Kenya's nuclear power program is estimated to cost Sh500 billion, raising questions about affordability and safety.
Why it is important: Opting against nuclear power in Kenya is crucial for the country's sustainable development. It preserves the environment by leveraging existing cost-effective and eco-friendly resources like geothermal, solar, and hydro power. This decision not only ensures economic stability but also safeguards against potential environmental disasters, ultimately contributing to the growth and stability of the nation and the African continent.
THE GLOBAL NUCLEAR ENERGY SUMMIT: SHAPING THE FUTURE OF ENERGY SECURITY
What you need to know: The global Nuclear Energy Summit in Brussels, organized by the IAEA and Belgium, gathered senior government delegations from 32 countries to discuss the future of nuclear energy. Countries like China and Kazakhstan with significant nuclear programs joined, emphasizing the commitment to nuclear power for reducing greenhouse gas emissions and ensuring energy security.
Why it is important: The summit signifies a shift towards collaboration and support for nuclear energy, crucial for reducing emissions and promoting sustainable development. With increased focus on financing, workforce development, and aiding newcomer countries, the nuclear sector is poised for growth. This unity among nations, industries, and NGOs sets the stage for significant progress in meeting climate and energy security needs on a global scale.
ANGOLA'S SUSTAINABLE ENERGY DRIVE: THE RISE OF SOLAR POWER
What you need to know: Angola has inaugurated the 26.14-MW Saurimo solar park, part of a larger initiative of seven parks totaling 370 MWp. This project aims to reduce diesel consumption by 1.4 million litres, promoting sustainable energy practices in the region.
Why it is important: The development of the Saurimo solar park and the larger solar initiative in Angola is crucial for the country's advancement towards clean energy production. By reducing diesel consumption and promoting sustainable practices, Angola is contributing to the development of the country and the African continent as a whole, ensuring access to clean energy for its population and promoting environmental sustainability.
THE RISE OF CASTOR-OIL PLANTATIONS IN AFRICA: A SUSTAINABLE ENERGY SOLUTION OR ENVIRONMENTAL CONCERN?
What you need to know: Italy's Eni company is leading the establishment of castor-oil plantations in Kenya, Angola, Mozambique, and Côte d’Ivoire. Castor oil is seen as a climate-friendly energy alternative to fossil fuels due to its use as a raw material for biofuels. However, the toxicity of ricin produced by castor-bean seeds is a concern.
Why it is important: The development of castor-oil plantations in Africa, as part of the Mattei Plan, could contribute positively to the continent's energy transition and economic growth. By investing in green energy alternatives, Italy aims to become an energy hub connecting Europe and Africa, promoting sustainability and reducing carbon emissions in the region.
KENYA'S NATIONAL E-MOBILITY POLICY: BOOSTING LOCAL EV PRODUCTION
What you need to know: Kenya is set to approve its first-ever green mobility policy aimed at driving the adoption of electric vehicles (EVs). The policy will encourage local production and assembly of EVs, set zero-emission vehicle sales targets, promote the use of locally sourced raw materials, and support battery manufacturing and recycling initiatives.
Why it is important: The approval of Kenya's National E-mobility Policy is crucial for the country and the African continent as a whole. It will not only create employment opportunities but also contribute significantly to reducing greenhouse gas emissions, cutting petroleum import bills, and promoting sustainable transportation solutions. Additionally, the policy will spur innovation, technical skills development, and local manufacturing capacities, positioning Kenya as a key player in the emerging e-mobility sector in Africa.
EMPOWERING ZIMBABWE'S RENEWABLE ENERGY SECTOR
What you need to know: Zimbabwe, in partnership with the SDG Fund, is enhancing the renewable energy sector by providing solar training equipment to the ZESA Training Centre. This initiative aims to equip workers with green skills for various sectors, making renewable energy technical training accessible and affordable.
Why it is important: Investing in renewable infrastructure and technologies, as emphasized by Minister Moyo, aligns with the National Development Strategy and paves the way for a sustainable future. This initiative not only addresses climate change challenges but also promotes inclusivity, resilience, and environmental stewardship, contributing to Zimbabwe's sustainable development and economic growth.
PRESIDENT OF ITALY VISITS ENI FACILITIES IN CÔTE D'IVOIRE
What you need to know: President of Italy, Sergio Mattarella, visited Eni facilities in Abidjan, Côte d'Ivoire. The Baleine field, discovered by Eni in 2021, produces gas that powers electricity generation in Côte d'Ivoire. This project is the first net-zero Upstream development in Africa, focusing on minimizing emissions and supporting education through school renovations.
Why it is important: President Mattarella's visit highlights the collaboration between Italy and Côte d'Ivoire in sustainable energy projects. The net-zero initiative not only provides access to energy for the population but also strengthens Côte d'Ivoire's role as a regional energy hub. Additionally, the educational support shows a commitment to the development and well-being of the country and the African continent.
TANZANIA'S ENERGY SECTOR: A GROWING HUB IN EAST AFRICA
What you need to know: Tanzania is looking for partners for its $40 billion LNG project, aiming to become a major LNG exporter. With large offshore gas reserves, the country is seeking collaborations for exploration, development, and processing. The flagship Tanzania LNG project, operated by Equinor, Shell, and ExxonMobil, is set to produce 10 million metric tons per year.
Why it is important: This project is vital for the development of Tanzania and the African continent as a whole. Becoming a major LNG exporter will not only boost Tanzania's economy but also attract foreign investment, create job opportunities, and strengthen the country's position in the global energy market. Additionally, the collaboration with partners will enhance technological advancements and promote sustainable energy practices in the region.
TRANSFORMING TANZANIA'S ENERGY LANDSCAPE: THE RISE OF THE JULIUS NYERERE HYDROPOWER PLANT
What you need to know: Tanzania is set to activate the second turbine at the Julius Nyerere Hydropower Plant by the end of April. The plant, which is currently undergoing trials, will generate an additional 235 megawatts, contributing to the government's goal of ending power rationing and providing much-needed electricity to the nation.
Why it is important: The activation of the second turbine at the Julius Nyerere Hydropower Plant is crucial for Tanzania's development. With the potential to generate 2,115 megawatts upon completion, the plant will significantly reduce power rationing, leading to a surplus of electricity. This will not only benefit the country's economy but also pave the way for further growth and prosperity in the region, contributing to the overall development of the African continent.
INVESTING IN RENEWABLE ENERGY: TRANSFORMING AFRICA'S FUTURE
What you need to know: African countries, including Rwanda, are focusing on renewable energy to generate employment opportunities and contribute to a greener future. Rwanda's Minister of Infrastructure, Jimmy Gasore, emphasizes the importance of investing in renewable energy to create jobs and reduce carbon emissions. The push for renewable energy is seen as crucial for socio-economic development and requires skilled workforce development and international cooperation.
Why it is important: Investing in renewable energy is crucial for the development of African countries and the continent as a whole. By prioritizing renewable energy, countries like Rwanda can create more job opportunities, reduce carbon emissions, and contribute to sustainable development. This shift towards renewable energy not only benefits the economy but also helps in overcoming energy poverty and ensuring universal access to energy, especially for the young population in Africa. The focus on renewable energy can drive economic transformation, revitalize economies, and lift people out of poverty, ultimately leading to a more sustainable and prosperous future for Africa.
IMPACT OF MINING ON AFRICA'S GREAT APES
What you need to know: A surge in mining activities for minerals essential for renewable energy production in Africa is endangering up to a third of the continent's great apes. The increased demand for critical minerals like copper, lithium, nickel, and cobalt, required for clean energy technologies, is threatening the habitats of gorillas, bonobos, and chimpanzees.
Why it is important: The conservation of Africa's great apes is crucial for biodiversity and ecosystem health. The mining boom poses a significant threat to these iconic species through habitat destruction, pollution, and increased accessibility to hunters. It is essential for all stakeholders to prioritize sustainable practices to protect endangered wildlife while promoting renewable energy development for the continent's progress.
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THE AFRICA TECHNOLOGY EXPO: UNVEILING INNOVATION AND COLLABORATION
What you need to know: The Africa Technology Expo, themed "Beyond Headlines, Into Solutions," will be held on 22 June 2024 in Lagos. The event features a Product Exhibition, Africa Pitch Battleground, Networking Mixer, Product Launch Showcase, and Night Expo, offering opportunities for startups to showcase their ideas and gain access to resources for growth.
Why it is important: The Africa Technology Expo plays a crucial role in highlighting the technological capacity of the African continent and fostering collaboration within the tech ecosystem. By providing a platform for startups to showcase innovation and connect with investors, the event contributes to accelerating the growth of the African tech industry, which is essential for the overall development of the country and the continent.