Know. Decide. Grow
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EU hypocrisy: Bullying Tanzania, Uganda over oil
Africa’s energy security should come first even as EU parliament tries to entrench energy apartheid on the continent by bullying Uganda and Tanzania over the East African Crude Oil Pipeline (EACOP). Energy is king, and so is adequate security across all fronts of energy exploration, production, supply and use without any interference from any foreign…
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Cyber attacks on firms in Africa surge as AI-powered extortion group enters top three
Africa overtakes all regions with 3,834 weekly attacks per organisation, as new survey warns criminals are ‘moving faster’ and ‘at a scale we haven’t seen before.’ Ransomware claims hit record 1,063 victims in October, with newcomer n0n accounting for 8% of published attacks. Risky GenAI prompts rise for third consecutive month, with 2.9% at high…
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InFocus
Africa Is Not Short of Money – It Is Short of Risk Capital In a RootsToFoods Capital Series interview, Kanini Mutooni of the Draper Richards Kaplan Foundation follows one Kenyan cold-chain company from DRK’s first check to the path to financial sustainability, and Dr. Frank Aswani of the African Venture Philanthropy Alliance explains what it…
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Kenya’s investment potential under Ruto’s presidency
The prospective stability and economic recovery expected under the new administration in Kenya will no doubt make way for the realization of huge money investments in the countries. Kenya has the most stable political system in Africa and is the biggest economy in East Africa. The transition also happened peacefully, marking a new chapter for…
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Shelter Afrique closes landmark $100 million sustainable bond to fund housing
Funds to finance affordable housing across the eight-nation West African Economic and Monetary Union, in a transaction anchored by the International Finance Corporation and Ecobank Group. Shelter Afrique Development Bank has closed its first local-currency sustainable bond, raising FCFA 60 billion (about $100 million) to finance affordable housing across the eight-nation West African Economic and…
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Dangote Industries pauses London secondary listing push citing poor market conditions
Africa’s richest man’s cement group abandons planned UK float after board review; shares to remain solely on Nigerian Exchange. Move deals fresh blow to London’s struggling listings market amid equity volatility. Dangote Industries Limited insists that its operations and strategy unaffected. Dangote Cement Plc, controlled by Nigerian billionaire Aliko Dangote, has abandoned plans for a…
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Tesla’s gift to short sellers and why Africa is in the mix!
Shares of Tesla the pioneer of electric vehicles fell spectacularly in 2022. This trend was the same for auto shares which list substantial amounts of value during the year. Tesla despite its anemic showing in terms of share price performance managed to deliver a record number of EVs. The EV company increased production of its…
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Kenya Passes EU Data Protection Law to Bolster IT Investment
The state of data privacy is a widely discussed topic of conversation. The new EU data protection law is setting Kenya up for the next step towards foreign investment opportunities. In short, these new legal standards will place restrictions on the handling, storing and shareability of personal user data. Following the announcement on 8…
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Digital disinformation and democratic decline in East Africa
Digital disinformation is becoming an increasingly common feature of Africa’s political landscape. Africa’s technological space has grown exponentially over the past decade, largely driven by the increased access to mobile devices and internet. The number of mobile phone users in Africa, 650 million, outnumbers the population of the United States or Europe. How Africans are…
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China sneezes, will Africa catch a cold?
China’s GDP is central to the global economy and especially in Africa The Asian country’s economy is integrated with nearly every sphere of global trade from manufacturing to finance and mining This means that when China does well economically so do African countries The AFCFTA will transform Africa if it can be implemented. China is…
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