Category: African Business
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Private-sector company has kept South Africa in global UAV race
South African private-sector defence group Milkor has kept South Africa in the global top ten of larger uncrewed aerial vehicle- (UAV-) producing countries through its development of the Milkor 380 medium altitude, long-endurance (MALE) UAV. Milkor entirely financed the development of the Milkor 380 itself, and is currently producing the first batch of these aircraft,…
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๐ณ๐ฌ Nigeria’s power grid partially collapses again, causing blackouts
Nigeria’s national grid suffered a partial collapse on Tuesday, the state power transmitter said, marking the ninth incident this year to have caused power outages across the country. The Transmission Company of Nigeria (TCN) said the grid experienced a disturbance at 12.52pm GMT, triggered by a series of line and generator trips destabilising the system.…
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๐ช๐บ๐ณ๐ดSurge in Electricity Demand from European Data Centers Expected by 2030
Projected Rise in Electricity Demand for Data Centers in Europe and Lessons for Pan-African Nations by 2030 Europeโs data centers are set to experience a significant rise in electricity demand, with a projected increase from the current 2.2% to 4.5% of the continentโs total electricity consumption by 2030. This translates to approximately 150 terawatt-hours (TWh),…
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๐ฌ๐ญ Ghana cocoa farmers restrict product supply amid price hike speculation
Cocoa farmers in Ghana are hoarding their products in anticipation of an increment in the price of cocoa. There are fears that this may cause pressure on the global cocoa market as Ghana is the world’s second largest cocoa producer with so many economies dependent on the country for cocoa beans. The hoarding has been…
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๐ง๐ฎ Burundi Assumes New Chairmanship of COMESA
The Common Market for Eastern and Southern Africa (COMESA) is a regional economic community in Africa with twenty-one member states stretching from Tunisia to Eswatini. Its 23rd Summit of Heads of State and Government is underway in Bujumbura, Burundi, where President Evariste Ndayishimiye has assumed the blocโs leadership, taking over from his Zambiaโs counterpart Hakainde…
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Business Editorial: The Dark Arts of Growth Hacking Websites
This entry will focus on how some companies exploit metrics to create an illusion of growth, distorting their real value and deceiving investors. Tactics include shifting profitability projections, using misleading engagement metrics, or fabricating user activity through click farms and bots, a practice prevalent in both Web2 and Web3 spaces. In crypto, wash trading and…
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๐ง๐ผ โI am proud of our democratic processes and I respect the will of the people,โ Botswana’s Masisi
The people of Botswana woke up this Friday (Nov. 1) to the end of an era and with a new leader at the helm of the country. The preliminary election results mark the end of 58 years of rule of the BDP, the Botswana Democratic Party. Incumbent president Mokgweetsi Masisi held a press conference and…
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๐จ๐ฎ Ivory Coast’s Ouattara takes up third Sub-Saharan Africa seat on IMF executive board
Ivory Coast’s Wautabouna Ouattara has become the third director for Sub-Saharan Africa on the International Monetary Fund’s executive board as the lender of last resort boosts the region’s voice in its policy making processes. The new position on the executive board, which oversees the day-to-day business of the fund, brings the total number of executive…
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Italyโs Mattei Plan Seeks to Strengthen Africa Ties with Energy, Development, and Migration Initiatives
Italyโs recent developments in Africa revolve largely around the unveiling of the โMattei Plan,โ an ambitious strategy spearheaded by Italian Prime Minister Giorgia Meloni to foster cooperative ties between Italy and African nations. Named after Enrico Mattei, the founder of the Italian energy company Eni, the plan emphasizes energy collaboration, investments in agriculture, health, and…
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