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The public transit sector in Kenya is driving the country’s electric vehicle adoption as global calls for a switch to sustainable transport continue.
For the first time last year, commercial electric mass transport buses were deployed to various routes across Kenya’s capital, Nairobi, marking the beginning of the transition from fossil fuel vehicles for some public bus operators. This came after electric motorcycle taxis, locally known as bodaboda, had already made inroads into the popular two-wheel public transport segment.

The public transit sector in Kenya is driving the country's electric vehicle (EV) adoption, with startups leading the way in producing electric motorcycles and buses. Commercial electric mass transport buses have been deployed in Nairobi, marking the transition from fossil fuel vehicles for some public bus operators. Electric motorcycle taxis (bodabodas) have also gained popularity in the two-wheel public transport segment. Startups like BasiGo and Roam are actively involved in the production of EV buses and motorcycles, aiming to cater to the public transit sector's needs. The Kenyan government has implemented tax incentives and exemptions to support the EV industry. Kenya's EV market focuses mainly on motorcycles, with startups building charging infrastructure to encourage adoption. Kenya's renewable energy sources and the rising fuel prices contribute to the growing interest in sustainable electric transportation.
 
Read more on <a href="https://techcrunch.com/2023/07/24/public-transit-is-driving-ev-sector-growth-in-kenya/">TechCrunch</a>

Public transit is driving EV sector growth in Kenya ⚡ 🚌 🇰🇪

Bird Story Agency

In Africa's energy landscape, a game-changing strategy is taking shape: harnessing 'wheeling' to slash transmission costs by leveraging the national utility grid. According to an expert, this model will encourage more private power producers.

Bonface Orucho, bird story agency
&nbsp;
Wheeling, an innovative power transmission approach, can significantly alleviate Africa's power woes, according to energy sector expert Derick Coetzer during a recent webinar.
 
"The ability to wheel onto the grid has led to quite interesting opportunities for private power producing companies … As a continent, we are very well placed to take advantage of this model," said Coetzer during a webinar hosted by the Africa Solar Industry Association (AFSIA).
 
Wheeling is the practice of allowing privately generated power to flow through the national grid to willing buyers in a seller-buyer model. Traditional wheeling models have centered on individual private power generators directly supplying a single off-taker linked to the national grid. However, recent iterations have evolved.
 
Coetzer, the co-founder and sales lead at NOA Group, emphasized that this model holds exceptional promise for Africa due to the continent’s abundant solar and wind resources.
 
Africa boasts of being home to 39% of the world's clean energy potential, according to IRENA, and the exploitation of renewable energy is on a rapid ascent across the continent.
 
In recent years, transmission and distribution infrastructure has received much less attention and investment than generation capacity. Yet both are necessary to achieve green industrialization in Africa.
 
The 2022 joint report by the International Energy Agency (IEA) and the African Development Bank (AfDB) reveals that the Transmission and Distribution (T&amp;D) sector in Africa receives less than 2% of total energy sector investment. The IEA emphasizes that an annual investment of approximately $4 billion is required for T&amp;D networks to adequately address Africa's escalating energy needs.
 
However, as Coetzer explains, wheeling has the potential to balance grid capacities while saving independent producers the burden of setting up new grids.
 
Establishing entirely new transmission lines is a costly endeavour, projected to escalate capital costs for a private producer by over 50%, according to the Africa Energy Portal.
 
Coetzer further explains that wheeling is especially executable on the continent given the rich renewable energy mixing potential, especially from solar and wind sources.
 
"While solar-only generation can cover approximately 30–40% of a client’s load, incorporating wind generation can boost that capacity to up to 70%," Coetzer revealed.
 
Already, the quest to leverage this transmission and distribution model is, in practice, gaining ground in different countries in Africa thanks to existing policies that have been in force for the past decade.
 
Several markets, including Egypt, Morocco, Algeria, Tanzania, Kenya, and Malawi, among others, all have policy frameworks that support wheeling.
 
The success story of wheeling is particularly evident in Egypt, whose Renewable Energy Law of 2014 opened up IPPs to use the national grid for transmission.
 
Between December 2015 and December 2018, a total of 28,229 MW was added to the grid, resulting in a total installed capacity of 55 GW, propelled mainly by renewables, whose transmission has been facilitated by the wheeling framework. Similar remarkable strides have been made in other successful markets in terms of electricity access, such as Algeria.
 
Power-hungry South Africa is hastily taking on this model to aid with the distribution of electricity to households, commercial, and industrial segments. The country has been hit hard by aging generation infrastructure and faulty new coal-burning stations that regularly dump users in the dark.
 
The national utility, Eskom, indicates on its website that it plans to introduce virtual wheeling. This advanced version of conventional wheeling will enable a third-party trader to aggregate power from various private generators and transmit it through the national utility grid to multiple off-takers.
 
Already, different parties have launched pilots seeking to identify any underlying gaps ahead of a full rollout in the future.
 
Telecom giant Vodacom, for example, recently inked a virtual wheeling agreement with Eskom enabling the telecom company to aggregate power from its 15,000 low-voltage generation sites and distribute it to various locations on the grid.
 
Cape Town Municipality also recently launched a pilot wheeling program as part of a set of measures to reduce load shedding by having private generators involved in meeting energy needs.
 
bird story agency

Grid Revolution: Wheeling's potential impact on Africa's power landscape

African scholars are at the forefront of a global effort to combat climate change with science.

Bonface Orucho, bird story agency
 
Two scholars from the University of Witwatersrand (Wits) have taken the helm of the International Union of Pure and Applied Physics (IUPAP) Working Group on Physics for Climate Action and Sustainable Development.&nbsp;
 
According to a press statement from the university, Professor Nithaya Chetty will lead the charge, with Professor Gledhill assuming the role of secretary.
 
"This is a multidisciplinary endeavour involving the basic sciences like physics, chemistry, mathematics, computing, engineering, human and social sciences, law, and health sciences," emphasised Chetty.
 
The appointments, confirmed during the IUPAP General Assembly in Geneva, signal a growing commitment to an interdisciplinary approach to addressing climate change and building resilience. African researchers and scholars are at the forefront of shaping these solutions.
 
Chetty underscored the critical link between climate change and broader societal challenges.&nbsp;
 
"Issues around climate change are set to grow in the coming years. These challenges are intimately connected with the need for energy security and environmental sustainability. If left unaddressed, they will have detrimental impacts on poverty, inequality, mass migration, and the overall human condition," he explained.
 
“This terrain is fraught with political influences, and it is essential to carefully differentiate between academic discourse on the one hand and political discourse on the other, and between climate action and climate activism,” he added.
 
The working group's mission is to develop a comprehensive program bolstering physics in Pacific Island nations. Their goal is to harness various disciplines to create solutions to protect island nations and more vulnerable countries, especially those in Africa.
 
This initiative comes on the heels of the UN General Assembly's resolution designating 2024-2033 as the International Decade of Science for Sustainable Development. The call is for global stakeholders to lead the way in implementing the Decade, using scientific approaches to reduce emissions.
 
A 2021 study by the Royal Society, found that the world can achieve as much as 50% of the targets needed to cut carbon emissions by 2030, using existing technologies.
 
"But to go beyond and reach net zero by 2050 requires research, development and deployment of novel technologies," the Royal Society report explained.
 
Africa has already seen significant benefits from science-driven technologies combating climate change. Physics and science have played pivotal roles in reducing energy consumption in devices and appliances.
 
A 2021 study by Our World in Data, a research firm, revealed that over a decade, the cost of commercial solar power dropped by 89%, while onshore wind saw a 70% reduction. Building a solar farm in 2010 was 223% more expensive than constructing a new coal plant.
 
This cost reduction in renewable-sourced electricity deployment has led to a surge in clean energy capacities. Currently, solar-generated electricity exceeds 10 GW, while wind-generated electricity stands at 6.5 GW.
 
Africa holds an estimated 55% of global potential renewable energy, underscoring the need for continued science-led efforts to bridge the existing gap and tap into these resources to address energy shortfalls.
 
The African-led global working group, leveraging physics and science, is poised to generate science-driven ideas aligned with the region's immediate needs.
 
South Africa, long committed to advancing physics on the continent, has solidified partnerships with European nations to bolster the field. Initiatives like the National Institute for Theoretical and Computational Sciences' collaboration with Italy and agreements on nuclear physics with the European Organisation for Nuclear Research have bolstered South Africa's position.
 
The UK government is also initiating partnerships with five African countries, focusing on supporting young scientists - particularly in physics - in projects spanning Kenya, Uganda, Tanzania, Rwanda, and South Africa.
 
Physics initiatives like those at the Faculty of Science at Wits, as well as many others, including a partnership between the Abdus Salam International Centre for Theoretical Physics (ICTP) and an institute in Rwanda, are bringing scientific initiatives on the continent into the global spotlight - and are helping to elevate the quality of science research and education across Africa.
 
Rudolph Erasmus, President of the South African Institute of Physics, underscored a long history of science on the continent.
 
“South Africa is a founding member of the IUPAP, having been one of only 13 countries that formed the IUPAP 101 years ago, and has a record of being a strong voice in the IUPAP for the development of physics around the globe,” he shared.
 
bird story agency
 
Useful Links: https://www.iop.org/about/blogs/invest-in-african-physics-to-tackle-climate-change#gref
https://www.wits.ac.za/news/latest-news/general-news/2023/2023-10/wits-leads-iupap-working-group-on-climate-action.html

South African academics to lead a global physics initiative on climate action 🇿🇦

Wadzanai Samaneka, Nyaradzo Mavis Mgodi and Tsungai Mhembere have all built their careers - and spent much of their lives - fighting a war on an "incurable', killer disease. Thanks in no small part to these Zimbabwean women, humanity may finally be winning a decades-long battle against that disease - HIV. 

Clemence Manyukwe, bird story agency
 
When Dr. Wadzanai Samaneka began working as a newly graduated doctor, patients who contracted AIDS knew they were going to die. It was a scary time to be a doctor - and an even scarier time to be a sex worker. However, in Zimbabwe and in many other countries in the region, AIDS was prevalent everywhere.
 
“During my years as a medical student and later as an internist, the diagnosis of HIV infection was like a life sentence. There were no Antiretroviral drugs (ARVs) in Zimbabwe and patients would simply be discharged for home-based care. Not only were patients dying, but even our very own relatives were dying. It was this experience back then that led me to have a desire to find a cure for the devastating illness," the researcher, who works at the Clinical Trials Research Centre at the University of Zimbabwe, explained.
 
Samaneka, who graduated with Honours from the University of Zimbabwe, in 1997 and today holds a Master’s Degree in Clinical Epidemiology as well as a Diploma in HIV Management from the Colleges of Medicine of South Africa (CMSA), decided to help find a cure for HIV. &nbsp;The human immunodeficiency virus (HIV) can over time can lead to acquired immunodeficiency syndrome (AIDS) and death.&nbsp;
 
That decision has taken Samaneka on a journey full of discovery, excitement, joy - and huge disappointments. Today, HIV is no longer a life sentence. Thanks to the development of anti-retroviral therapy (ART), which involves using a cocktail of anti-retroviral drugs, people who test positive for HIV can live long, healthy lives. Yet Samaneka remains as focused as ever on a cure. &nbsp;
 
"Once HIV enters the body some of the virus remains 'hiding' in some body compartments and cells regardless of effective ART. Scientists call the hiding virus the 'HIV viral reservoir'. A combination of HIV cure strategies are being tested in clinical trials, so until we do find a cure, we will keep searching and learning from the negative results," Samaneka explained.
 
Samaneka has been involved in conducting clinical trials for adult HIV prevention and treatment, since 2005. Most of that has been conducted in her home country, which by the early 2000's had infection levels higher than almost anywhere else in the world. Conservative estimates put the level of HIV infection by 2000 at 25% of the population. Across Africa, around 2.3 million people died of AIDS in 2003, according to Zimbabwe's Ministry of Health and Child Welfare.
 
"All of my research work has been in Zimbabwe - in collaboration with other researchers within the region as well as outside the region. I have played a key role in conducting multiple, multi-site, complex, phase I-IV, clinical trials including studies of first-line, second-line and third-line antiretroviral treatment (ART), and studies of TB diagnostics, treatment, and prevention,” she explained
 
Her groundbreaking work includes a landmark study that demonstrated the effectiveness of antiretroviral therapy (ART) as prevention.
 
The trial (known as HPTN 052) showed that anti-retroviral therapy could prevent infections caused by human immunodeficiency virus type 1 (HIV-1) in couples in which one partner is HIV-positive and one partner is HIV-negative.
 
Following the results of the study in 2015, the World Health Organisation revised its guidelines to include recommendations for universal HIV-1 testing and the provision of ART to all persons with HIV-1 infection, regardless of their CD4+ (white blood cell) count.
 
Another study proved that early ART initiation reduces the HIV burden and preserves the body’s immune response to HIV. That study, conducted between 2017 and 2019, showed that those who started therapy the earliest still had HIV-infected cells in their blood after one year, but the number of infected cells was lower than those seen in individuals who started a little later. Once again, however, the ART did not wipe out HIV altogether, however.
 
"ART initiation in earlier stages of acute and early HIV infection reduced but did not eliminate the persistence of HIV-infected cells in blood. This study does provide hope that early ART can be complemented with other curative strategies such as therapeutic vaccinations or passive immunisations as scientists design future cure research studies," she explained.
 
According to Samaneka, the studies require considerable resources.
 
"HIV cure research in particular is intense and requires stringent quality management," she said.
 
However, the resource-heavy nature of rigorous studies also means that the results are accurate and stand up to peer review and international scrutiny, pushing forward the boundaries of scientific knowledge. &nbsp;
 
"Young African investigators should be supported to generate research questions pertinent to the health needs of the African population," she added.
 
Samaneka also commended the governmental response to the HIV epidemic in Africa. Some countries, including Zimbabwe, have now achieved the 95-95-95 UN targets (95% of those living with HIV know their status, 95% of those who know their status are on HIV are on life-saving medications and 95% of people who are on treatment are virally suppressed).
 
"However, the goal to end AIDS by 2030 requires that African governments prioritise and support the HIV cure research agenda," she said.
 
While the world waits for a vaccine, Samaneka points optimistically to recent successful hi-tech efforts to eradicate HIV using techniques like stem cell transplants. Stem cell transplants - most famously in two cases, known as the "Geneva" and the "Berlin" patients - have resulted in HIV eradication.
 
"Gene therapy to eradicate reservoirs is among the cure strategies being tested in clinical trials," said Samaneka.&nbsp;
 
&nbsp;While stem cell transplants - also known as gene therapy - are hugely expensive and not currently practical for large numbers of patients, Samaneka is optimistic about the results and what they could mean for HIV prevention in Africa.&nbsp;
 
Someone who knows Zimbabwe's governmental response well is Dr Nyaradzo Mavis Mgodi, who today focuses on HIV prevention.
 
“After having worked in the Zimbabwean Public Health sector for almost 12 years and seeing the relentless morbidity and mortality from HIV/AIDS, in 2007 I was struck by an urgent need to contribute significantly towards curbing the HIV epidemic,” Mgodi shared.&nbsp;
 
That year, Mgodi decided on a career change; moving from clinical pathology to HIV prevention/treatment research. She joined the University of Zimbabwe - University of California San Francisco Collaborative Research Program as a medical officer.
 
"I have been conducting clinical trials for over 15 years. I have been privileged to lead studies across four continents – Africa, the USA, Latin America, and Europe," she explained.
 
Mgodi co-chaired the first study to show that antibodies can reduce the risk of HIV acquisition (a series of studies called the Antibody Mediated Prevention studies) as well as the HOPE study, which assessed the dapivirine ring.
 
She currently co-chairs the Clinical Trials Hub of the USAID-funded MATRIX Programme, worked across countries including Zimbabwe, Malawi, Botswana, Uganda, Kenya, Tanzania, Mozambique, Eswatini, South Africa, Peru, USA, and Switzerland, searching for lasting, human-centred solutions and developing innovative biomedical interventions for HIV prevention.
 
As executive Committee Member and International Principal Investigator for the HIV Prevention Trials Network (HPTN).
she also looks after a worldwide effort to improve preventative measures against HIV.&nbsp;
 
Locally, Mgodi is perhaps best known for her role in bringing the dapivirine vaginal ring to women worldwide, thanks to her role in two studies, known as ASPIRE and HOPE.&nbsp;
 
"The Europeans Medicines Agency issued a positive scientific opinion on the ring and subsequently WHO recommended offering the ring as a safe and effective additional prevention choice for women at significant risk of HIV infection as part of a package of prevention options," Mgodi said of that initiative.
 
On 6 July 2021, Zimbabwe, through the Medicines Control Authority of Zimbabwe, approved the ring and Zimbabwe became the first country globally to register the ring for HIV prevention.
 
Mgodi was also involved in showing the efficacy of a new drug, known as long-acting injectable cabotegravir (CAB-LA)
 
"In July 2022 Zimbabwe was the first African country and first low and middle-income country to approve CAB-LA for HIV prevention," she said, explaining that the dapivirine ring and CAB-LA are being used together to prevent new HIV infections and change the trajectory of the epidemic.
 
"We are almost there," she said.
 
But there is one more step she feels is necessary, to ensure zero infection rate.
 
"We know that an HIV vaccine is the world’s best hope of ending HIV. Though there will most likely not be an effective vaccine in the next five years, I think we will continue to make great strides in the development of other innovative products that will contribute towards ending the epidemic," Mgodi concluded.&nbsp;
 
For research pharmacist Tsungai Mhembere, also at the University of Zimbabwe Clinical Research Centre, that day cannot come fast enough.
 
As a Research Pharmacist for over a decade, Mhembere has contributed to the successful implementation of international clinical trials that focus on the prevention of mother-to-child HIV transmission, early treatment of infants with a high risk of HIV acquisition and optimised treatment options for HIV-infected mothers and infants.
 
"HIV Research has been a platform to provide evidence-based effective HIV prevention and treatment strategies that combat the infection. Ultimately HIV research should influence the adoption and sustainable access of proven cost-effective prevention technologies in all communities that need them,” Mhembere said, the researcher, who is currently based at the Harare Family Care UZ-CTRC clinic housed within Parirenyatwa Hospital.
 
bird story agency
 
Useful links:&nbsp;
https://www.hptn.org/research/studies/hptn052
https://pubmed.ncbi.nlm.nih.gov/31981713/
https://www.who.int/publications/i/item/9789240028678
https://www.aidsmap.com/news/jul-2023/first-person-may-be-cured-hiv-after-stem-cell-transplant-without-ccr5-mutation

The outsize contribution of the women scientists of Zimbabwe to the fight against HIV

Ghana is the latest African nation to commit to GM in an attempt to unlock economic benefits from agriculture.

Bonface Orucho, bird story agency
 
The designation of Ghana as the International Atomic Energy Agency's (IAEA) collaborating center for Africa, focusing on plant breeding and associated technologies for food and nutrition, is being seen as a pivotal moment in the application of genetic modification in Africa.
 
In a recent press statement, the IAEA announced its collaboration with the Biotechnology and Nuclear Agriculture Research Institute (BNARI) of the Ghana Atomic Energy Commission, in a four-year commitment “to promote research and development on mutation breeding in West and sub-Saharan Africa.”
 
Najat Mokhtar, IAEA Deputy Director General and Head of the Department of Nuclear Applications termed mutation breeding a powerful tool to address the global challenge of food security.
 
"It enables us to develop food crops with increased yields, improved nutritional quality, and enhanced resilience in the face of climate change. Through our closer collaboration with BNARI, we aim to share expertise and build capacities for deploying this safe and highly effective technique across a wider geographical region," she explains.
 
BNARI is set to become Africa's first IAEA Collaborating Centre in the field of plant breeding and genetics, one of only six such centres globally, and was chosen for its strategic location and expertise in radiation-induced mutation.
 
Ghana has, in recent times, been at the forefront of embracing genetic modification technology to enhance crop and plant species. The nation is poised to introduce its first genetically modified cowpea, developed by the Savannah Agriculture Research Institute (SARI), into the Ghanaian market this year.
 
Projections indicate that this modified cowpea will substantially increase yields - by nearly 300 percent. Jerry Nboyine, a senior research fellow at SARI highlighted in an interview on GhanaWeb that the modified variety does not require the use of insecticides, in contrast to non-GMO cowpeas.
 
Ghana is one of a small but growing number of &nbsp;African countries that have embraced genetic modification technology to bolster agricultural productivity and resilience. The International Service for the Acquisition of Agri-Biotech Applications (ISAAA) puts the number at three in 2016, rising to over ten in 2022.
 
Kenya last year lifted a decade-long ban on genetically modified crops, now allowing their cultivation, research, and the importation of certified GMO crops and animal feeds.
 
South Africa, Nigeria, Malawi, Sudan, Uganda, Burkina Faso, Egypt, and Sudan have all moved to adopt the technology, with many conducting field trials.
 
Nigerian scholar Ademola Adenle delved into the topic in an analysis published by 'The Conversation' in June, arguing that GM crops offer a potent solution to Africa's pressing hunger crisis.
 
"Based on my research in this area, I believe that agricultural innovations such as GM crops or organisms have the potential to address food security in Africa," he explained.
 
Africa's food crisis cannot be understated, and it extends beyond hunger, encompassing nutrition gaps that have been exacerbated by erratic climate conditions resulting from local and global human-induced climate change, and logistics challenges.
 
The UNFAO's 2023 State of Food Security and Nutrition report reveals a distressing increase in global hunger, with over 122 million more people facing hunger since 2019. A substantial portion of this growth is occurring in Africa, where nearly 20% of the population faces hunger.
 
Moreover, the prevalence of undernourishment (PoU) in Africa rose from 19.4 percent in 2021 to 19.7 percent in 2022, primarily due to increases in Northern and Southern Africa.&nbsp;
 
South Africa and Sudan are already seen as frontrunners in applying and using GM technology to accelerate crop production, mostly maize in South Africa and cotton in Sudan. South Africa has seen a major increase in maize production, even in lower rainfall years, regularly resulting in a surplus, which earns the country foreign exchange when exported.
 
"Research has shown 65% of the gain came from higher yield and production and 35% from lower costs," Adenle explains, highlighting the economic value of planting GM crops.
 
The Rainbow Nation has been growing commercial genetically modified maize since 1997. A 2021 study published in ScienceDirect, titled, ‘Economic and ecosystem impacts of GM maize in South Africa’ revealed GM maize had yielded welfare benefits surpassing $694 million between 2001 and 2018.
 
“We began planting GMO maize seeds in the 2001/2002 season. Before their introduction, average maize yields in South Africa were about 2.4 tonnes per hectare. This has increased to an average of 6.3 tonnes per hectare in the 2022/23 production season,” Wandile Sihlobo, a South African agricultural economist, explained.
 
With extreme weather patterns disrupting agricultural patterns, recent genetic modifications have focused on indigenous crops such as cassava and sweet potato, which are more climate change-resistant.
 
Several other agencies across Africa have been actively advancing these technological solutions. The Pan-African Bean Research Alliance (PABRA) is a prime example, which has revealed in the past week that it has researched, developed, and distributed over 650 new bean varieties in 32 countries.
 
PABRA's efforts have led to a 30% increase in income for more than five million households across ten countries, and farmers who cultivate, consume, and sell its beans are 6% more likely to achieve food security and 6% less likely to live in poverty.
 
As Adenle explained, to increase yields countries should increase investment in biotech research, train scientists, involve local experts in decision-making, foster government collaboration, and use science-based communication to raise awareness of both the benefits and concerns around GM crops.
 
bird story agency
 
Useful links: https://www.iaea.org/newscenter/news/africas-first-iaea-collaborating-centre-for-plant-breeding-and-genetics
https://theconversation.com/genetically-modified-crops-may-be-a-solution-to-hunger-why-there-is-scepticism-in-africa-207364#:~:text=Scientists%20have%20shown%20that%20GM,and%20importation%20of%20GM%20products.
https://www.fao.org/3/cc3017en/online/state-food-security-and-nutrition-2023/food-security-nutrition-indicators.html

Africa shifts towards genetic modification to boost food security 🌾

Africa’s carbon credit market is experiencing a significant surge in investor interest, thanks to a surge in fresh investment from the Gulf. But more regulation, stricter auditing and greater transparency is required, according to industry insiders.

Seth Onyango, bird story agency&nbsp;
 
Africa is a prime target for new multimillion-dollar carbon offset projects as companies increasingly seek to blunt the effects of their carbon footprints.
 
In September, the United Arab Emirates (UAE) announced plans to shell out US$450 million to secure carbon credits from various carbon offset initiatives on the continent.
 
Already, carbon offset firms are snapping up new deals. &nbsp;Eco Netix, a measurement, reporting and verification (MRV) firm, told bird story agency that together with sustainable investment company ASC Impact, the firm had inked a deal with Emirati investors for millions in carbon stocks for the UAE government, which needs to offset 136 million tonnes by 2030.&nbsp;
 
New markets in the Gulf offer a bridge between investors and African states aiming to monetise their natural resources sustainably.
 
According to Eco Netix founder, Jakob Zenz, the factors attracting investors to Africa’s carbon credit market are its rich biodiversity and extensive arable land. These assets are ideal for carbon offset projects, such as reforestation, sustainable agriculture, and renewable energy initiatives.&nbsp;
 
"They have the largest carbon sinks in the world. The Congo Basin, for example. All of these rain forests, this is besides size, availability, young people, willingness to work, educated people," Zenz noted.
 
"So all of these factors can make a project very viable and in an age of digitisation, information is available throughout Africa. Everyone has a smartphone. So communication becomes easy. Mobile money makes it easy to transact throughout the continent."
 
In Tanzania, Eco Netix is working on a mangrove restoration project covering 32,000 hectares, with 6,000 to 8,000 hectares identified for restoration. The cost of restoring each hectare is approximately US$3,000, leading to a total investment of US$18 to US$24 million for the project. &nbsp;
 
ASC has concessioned over 300,000 hectares for reforestation and is targeting an investment of €400 million, focusing on climate change mitigation in vulnerable areas.
 
The coalition, operating under the aegis of Sustain Now, aims to market 60 million tons of carbon credits in the UAE by 2030, leveraging key government and corporate relationships. Sustain Now is also expanding its land holdings for mangrove and forest projects, targeting an additional 2 million hectares within a year, and is actively seeking funding from the Middle East for these projects.
 
ASC's Karl Kirchmayer said that after a successful run in Congo Brazzaville, Ethiopia and Angola they are planning new projects in other African states.
 
"All these countries are fitting perfectly in our strategy, to invest in areas where we have the best growing conditions. We have very good soil and rainfall," he said.
 
Mangroves, often referred to as 'super trees'', are central to these initiatives. Offering both environmental and economic benefits, mangrove forests are ideal candidates for carbon offset projects.
 
"I call it the Rolls Royce of carbon credits. It's a plant that has an incredible biodiversity system around it and... it's storing, like really substantial amounts of carbon. It's very permanent because it grows for so long."
 
However, the success of carbon projects hinges not just on financial investment but also on the integration of technology for transparency and accuracy. Recently, investigative reports have found glaring gaps in audits of carbon credit schemes, leading to accusations of "greenwashing" by some of the world's most carbon-intensive companies.
 
In the past year, the carbon market faced significant scrutiny over concerns of over-crediting, stemming from the lack of a clear baseline on what constitutes a carbon credit.
 
Zenz thus emphasised the crucial role of technology in ensuring the integrity of carbon credit projects.
 
"What is important is moving from one-time audit to real-time monitoring," he asserted.&nbsp;
 
Eco Netix now deploys a range of digital tools, including proprietary satellite imagery and remote sensing, to monitor the progress and impact of their projects.&nbsp;
 
This approach addresses the critical challenge of verifying the actual carbon sequestration achieved.&nbsp;
 
"We want to bring the transparency back into the carbon credit market. And we do that by having everything, the whole project, digitally available," he explained.&nbsp;
 
This digital availability encompasses not just the tracking of the projects but also the quantification of the carbon captured, a key metric in determining the success and value of these initiatives.
 
bird story agency&nbsp;

Gulf investors eye Africa's rich biodiversity for carbon offset projects

From historic agreements on Loss and Damage, to transformative declarations on food systems and health, COP28 could mark a monumental shift in how the world addresses environmental challenges. Here are some of the deals announced so far.

bird story agency
 
COP28 has mobilized over $83 billion in funding, setting the pace for a new era in climate action. These include the first ever declarations on food systems transformation and health, plus declarations on renewable energy and efficiency, as well as initiatives to decarbonize heavy emitting industries. The following are the key financing developments at COP28 so far:
 
11 pledges and declarations have been launched and received historic support.
 
On day one of COP28, the Presidency facilitated a historic agreement to operationalize and capitalize funding for Loss and Damage, supporting those on the front lines of the climate crisis with US$792 million already pledged to date.
 
US$3.5 billion in new money was announced to replenish the Green Climate Fund (GCF)&nbsp;
 
US$134 million announced toward the Adaptation Fund
 
US$129.3 million announced toward the Least Developed Countries Fund (LDC)
 
US$31 million to the Special Climate Change Fund (SCCF)
 
UAE launched a US$30 billion catalytic fund, ALTÉRRA, to drive positive climate action. The fund seeks to mobilize an additional US$250 billion globally.
 
The UAE committed US$200 million to help vulnerable countries through Special Drawing Rights (SDRs) and US$150 million to fund water scarcity solutions.
 
The World Bank announced an increase of US$9 billion annually for 2024 and 2025 to finance climate-related projects. Multilateral Development Banks (MDBs) announced a cumulative increase of over US$22.6 billion toward climate action.&nbsp;
 
The full breakdown of pledges and declarations so far:
 
The Global Renewables and Energy Efficiency Pledge has been endorsed by 130 countries.&nbsp;
 
The COP28 UAE Declaration on Agriculture, Food, &amp; Climate has received endorsements from 153 countries.&nbsp;
 
The COP28 UAE Declaration on Climate and Health has been endorsed by 141 countries.&nbsp;
 
The COP28 UAE Declaration on Climate Finance has been endorsed by 13 countries.
 
The Global Cooling Pledge has been endorsed by 66 countries.
 
The COP28 UAE Declaration on Climate Relief, Recovery &amp; Peace has been endorsed by 78 countries and 40 organizations.
 
The COP28 UAE Declaration on Hydrogen and Derivates has been endorsed by 37 countries.&nbsp;
 
The COP28 UAE Declaration on Gender-Responsive Just Transitions has been endorsed by 78 countries.&nbsp;
 
The Coalition for High Ambition Multilevel Partnerships (CHAMP) Pledge has been endorsed by 67 countries.
 
The Oil and Gas Decarbonization Charter has been endorsed by 52 companies, representing 40 percent of global oil production.
 
The Industrial Transition Accelerator has been endorsed by 35 companies and six industry associations, including the World Steel Association, the International Aluminium Institute, the Global Renewable Alliance, the Global Cement and Concrete Association, the Oil and Gas Climate Initiative and the International Air Transport Association.
 
Breakdown of financial pledges and contributions so far:
 
Loss and Damage: US$792 million
 
Green Climate Fund: US$3.5 billion (increasing second replenishment to US$12.8 billion)
 
Adaptation Fund: US$134 million
 
Least Developed Countries Fund: US$129.3 million
 
Special Climate Change Fund (SCCF): US$31 million&nbsp;
 
Renewable Energy: US$5 billion
 
Cooling: US$57 million
 
Clean Cooking: US$30 million
 
Technology: US$568 million
 
Methane: US$1.2 billion
 
Climate Finance: US$30 billion from UAE, US$200 million in Special Drawing Rights, and US$31.6 billion from Multilateral Development Banks (MDBs)
 
Food: US$3.1 billion
 
Nature: US$2.6 billion
 
Health: US$2.9 billion
 
Water: US$150 million
 
Gender: US$2.8 million
 
Relief, Recovery and Peace: US$1.2 billion
 
Local Climate Action: US$467 million
 
birds story agency&nbsp;

COP28: The deals so far

The sentencing of a Chinese illegal gold miner in Ghana highlights a variety of efforts by African governments to curb activities linked to tax avoidance, environmental degradation and worse. 

Bonface Orucho, bird story agency
 
Countries across the continent are moving to quash illegal gold mining, using a variety of methods including formalising the sector, applying more stringent legal processes and even resorting to military intervention, with a Ghanaian court recently sentencing a Chinese national to prison for illegal gold mining,
 
“The court in the capital, Accra, sentenced Aisha Huang to four and a half years imprisonment and a fine of 48,000 Ghanaian cedis ($4,000) for running an illegal mining operation,” Reuters reported of the sentencing on December 4, which brought an end to a trial that started in 2017.
 
Ghana is the 10th largest gold producer in the world, according to a 2023 report by Metal Focus and the country expanded production by 32% in 2022, according to the Ghana Chamber of Commerce.
 
German research firm Statista said gold contributed nearly 7.8 billion Ghanaian cedis (US$1.3 billion) to the economy in 2020. However, illegal mining remains a challenge, depriving the country of substantial economic revenues, with spillover effects being felt in other vital sectors such as cocoa farming, forests, and freshwater systems.
 
Collins Acheamong, a Ghanaian water resources analyst, explained that illegal small-scale miners often use mercury and other toxic chemicals to extract gold, a process which contaminates freshwater systems.
 
"Another concern is its impact on food security. Miners often destroy crops and forests in search of gold. This can reduce the amount of land available for agriculture," he explained.
 
Industry leaders including Ghanaian entrepreneurs believe the recent ruling, while long overdue, is a step in the right direction in dealing with illegal gold mining in the country.
 
Felix Brako, a minerals sector entrepreneur at the Phoaks Minerals Consult, an Accra-based precious metals trading company, said the ruling was welcome.
 
&nbsp;“The devastation caused by the Chinese in Ghana is massive,” he said.
 
"Per the current laws, punishment should be at least 20 years. The charges brought up against her were until 2017, before the revision of the law, and as such, the law can't have retrospective effect. Hence, it warranted the four years given," he explained, highlighting calls for an even longer penalty for the suspect.
 
Beyond the economic benefits of curbing illegal gold mining, there are also safety concerns. Unregulated mining activity has in the past led to the collapse of mines, with informal miners losing their lives or being left with crippling injuries.
 
Ghana has convicted multiple illegal miners in recent months.
 
According to GhanaWeb, a Tarkwa Circuit Court in October jailed 25 illegal miners to a combined 340 years in prison and an additional US US$210,000 in cash penalties for illegal mining.
 
An earlier news item by GhanaWeb published in September details how a different group of six illegal miners from Ankobra in the Prestea Huni-Valley Municipality were sentenced to 120 years in prison by the same Tarkwa Circuit Court.
 
In March 2023 state broadcaster, Ghana News Agency, reported that around 12 Chinese nationals were being tried in the Asante Bekwai Circuit Court for their involvement in illegal gold mining.
 
These recent arrests and convictions confirm renewed momentum in Ghana to curb illegal gold mining and related activities. Other top gold mining countries are also implementing strategies to contain illegal mining activities.
 
In South Africa, some 3,000 military personnel have been deployed in a crackdown on illegal miners, the government announced in late November. More than 30 illegal miners died from a methane explosion in South Africa's Free State province in May.
 
The army-led crackdown has resulted in the arrest and detention of hundreds of illegal miners in recent weeks.
 
A 2023 World Bank advisory report on potential ways to improve the Rainbow Nation's economic prospects suggests crime syndicates associated with illegal mining cost the country up to 10% of its GDP.
 
In Mali, recent developments suggest a keen intention from the administration to increase revenues from resource extraction. In August, the junta-led West African country passed a new mining code that, according to Agence France Press (AFP), allows the state to take up to 30 per cent stakes in new mineral projects. Part of the plan is to engage cooperatives in artisanal and small-scale gold mining - a proactive way of stamping out illicit activities by informal miners.&nbsp;
 
Initiatives like these appear to have worked elsewhere. According to Zimbabwe's Minister of Mines and Mining Development, Soda Zhemu, artisanal and small-scale miners now generate over 50% of the nation's gold, after the country took steps to formalise illicit miners by offering ownership schemes and validating claims.
 
A 2020 Tax Justice Network Africa report showed that the continent lost approximately US$40 billion linked to illicit financial flows in the extractive sectors, of which 77% emanated from gold, 12% from diamonds, 6% from platinum, and 5% from other extractive commodities.
 
“We're hoping her incarceration will have an effect, no matter how small,” Brako explained.
 
bird story agency
 
Useful links: https://www.reuters.com/world/africa/ghana-court-jails-chinese-national-over-illegal-gold-mining-2023-12-04/
https://www.statista.com/statistics/1272300/annual-contributions-of-gold-to-gdp-in-ghana/#:~:text=Annual%20contributions%20of%20gold%20to%20GDP%20in%20Ghana%202013%2D2020&amp;text=In%202020%2C%20gold%20in%20Ghana,added%20of%20the%20precious%20metal.
https://www.ghanaweb.com/GhanaHomePage/NewsArchive/Twenty-five-persons-jailed-for-galamsey-offences-in-Tarkwa-1855682

Illegal gold mining in the firing line  ⛏️🧈 💎

While scholars have long acknowledged that elephants possess intricate cognitive abilities a South African team recently uncovered and documented groundbreaking details about elephant communication using fossil records. 

Bonface Orucho, bird story agency
 
Researchers in South Africa have unearthed groundbreaking evidence that sheds light on the ancient communication methods of elephants.
 
A research team led by Charles Helm of the African Centre for Coastal Palaescience at Nelson Mandela University in South Africa published the report on ScienceDirect, a scientific research journal, in September 2023.
 
The team discovered 35 fossilized elephant track sites, some of which are the first-ever trunk-drag impressions, marking a significant stride in the ongoing quest to decipher the intricate communication modes of these colossal creatures.
 
“These have been noted in South African Pleistocene coastal deposits, in apparent association with elephant tracks,” the scholars explain in the research paper published in September 2023.
 
Helm, quoted in a review of this discovery on The Conversation, emphasizes the importance of this breakthrough.&nbsp;
 
He highlights that over the past 15 years, his team has identified more than 350 track fossils of various vertebrates along South Africa’s Cape South coast.
 
“Elephants, like another group of massive land creatures, dinosaurs, can be viewed as geological engineers that create minor earth-moving forces on the ground they walk(ed) on,” he explains.
 
The report introduces the concept of seismic waves, describing how earth vibrations, caused by movements or rumbles from elephants, can travel beneath the surface for up to 6km, enabling elephant groups to interact across substantial distances.
 
This seismic communication, as noted by phys.org, is not exclusive to elephants; it has been observed in small animals, insects, and even elephant seals.
 
While different researchers have in recent years attempted to offer evidence-based explanations for these complex communications, the South African discovery stands out as the most consequential.
 
Helm explained how in 2019, the research team first discovered a cluster of fossil elephant tracks that was a round feature, 57cm in diameter, containing concentric ring features off the coastline of De Hoop Nature Reserve, about 200km east of Cape Town.
 
A second discovery was made in the same year, less than 2 meters away from the initial site, and was exposed about 7cm below the surface. It contained at least 14 parallel groove features that were approaching the rings.
 
“We hypothesized that they were connected with each other and appeared to have a common origin,” Helm shares in the article.
 
“We postulate that vibrations from rumbling travelled down the elephant limb and created the concentric ring features,” he adds.
 
This discovery opens up the fine details of the world of elephants, the largest living land mammals that are not only complex in stature but also in their unique cognitive abilities.
 
To ensure the continuity of research on elephant seismicity, Helm stresses the importance of integrating three bodies of knowledge: research on existing elephant populations, ancestral knowledge often depicted in rock art, and the trace fossil record.
 
The findings also underscore the increased need for elephant conservation at a time when their numbers are rapidly declining. According to the African Elephant Status Report by the Elephants Protection Initiative Foundation, Africa is currently home to about 415,000 elephants—a stark drop from over 1.3 million in 1979.
 
Disturbingly, recent reports from Tanzania highlight the killing of two super tuskers with tusks weighing at least 100 pounds by trophy hunters in the West Kilimanjaro area, further underscoring this underlying urgency for conservation.&nbsp;
 
Africa Geographic reports that two suspected hunting companies are responsible for the killing and burning of elephant carcasses, indicating the ongoing threats faced by these majestic animals.
 
Despite these challenges, some African countries are taking proactive measures to counter the illegal wildlife trade. Nigeria, for instance, recently crushed over US$11.2 million worth of ivory, joining efforts with countries like Kenya, South Africa, and Gabon to implement stringent measures against wildlife trafficking.&nbsp;
 
These initiatives offer a glimmer of hope in the battle to preserve these iconic species and their intricate ecological roles.
 
Research on elephant seismicity is on the rise, with scholars from across the world considering the African elephant for their study. The African elephant is the largest elephant species existing globally.
 
In Mpala Research Centre, a Kenya-based cattle ranch and wildlife area in Laikipia County, researchers are investigating how and why elephants communicate via seismic vibrations. Past studies have also been undertaken in Namibia’s Etosha National Park.
 
bird story agency
 
Useful link: https://theconversation.com/unusual-ancient-elephant-tracks-had-our-team-of-fossil-experts-stumped-how-we-solved-the-mystery-216548

South African researchers are tracing the vibrational language of elephants - using fossils 🦣 🇿🇦

Data analysis platform Statista estimated in 2021 that there were more than 2000 active African languages. Technological advancements like AI translation tools are helping to harness the power of language beyond celebrating cultural heritage. However, an understanding of the unique features of key languages is important to an understanding of Africa's diverse cultures.

1. Swahili is primarily spoken in East and Central Africa and has links to hundreds of dialects since it’s predominant in the Bantu family of African languages. Spoken by as many as 150 million people, it’s an official language in Tanzania, Kenya, and the Democratic Republic of Congo, and has been adopted as a working language by the African Union due to its cultural and economic significance.&nbsp;
 
2. Igbo is spoken primarily in Nigeria. It’s a tonal language, so the meaning of the word is based on the pitch the speaker applies to it. It has several decentralized dialects, that share an emphasis on the meaning of names, and a heavy use of proverbs and parables.
 
3. Hausa The Afroasiatic group of languages is one of the world’s largest and oldest. Hausa is the most spoken language in that ethnolinguistic family, facilitating trade and interpersonal communication across West Africa.
 
4. Oromo is spoken in Ethiopia, Kenya, Somalia, and Egypt by over 35 million people. A distinct aspect of the language is the ”creaky or popping sound” produced as the speaker pronounces consonants. It’s part of the Cushitic group of languages spoken by people who share a similar culture and history in Northeast Africa &nbsp;&nbsp;
 
5. Yoruba is spoken mostly in Nigeria, Benin, and Togo. It’s also a tonal language. The extensive Yoruba vocabulary is rich in greetings, proverbs, metaphors, folklore, and synonyms.
 
6. Amharic is the official language of Ethiopia. It’s the second-most spoken Semitic language in the world after Arabic, with most of its speakers in Ethiopia and neighbouring Eritrea. It has a complex 33-character alphabet called Fidel, and a rich literary history that dates back to the 13th century.
 
7. Fulfulde (Fulani) is spoken across West and Central Africa. While most African languages are found in a specific area, Fulfulde is spoken widely, across diverse regions. Researchers describe Fulfulde as a “linguistic outlier” because it has few commonalities with other major languages in West Africa.&nbsp;
 
8. Zulu is an official language in South Africa. The language is also tone-based - like Oromo, Igbo, and Yoruba. The use of clicks alongside consonants is one of Zulu’s most intriguing features. Its oral tradition includes poetry, proverbs, and historical accounts.&nbsp;
 
9. Mandinka has over 12 million speakers in the West African countries of Guinea, Mali, Senegal, Gambia, Guinea-Bissau, Ivory Coast, and Burkina Faso. The strong oral tradition fostered by this language was further entrenched by griots - famed storytellers, who were the custodians of historical accounts and cultural knowledge.&nbsp;
 
10. Shona is spoken in Zimbabwe. Another tonal language, Shona's use of high tones for religious communication and low tones for ordinary dialogue set it apart. Much of Shona’s vast vocabulary is linked to family and social structures.
 
Useful links:&nbsp;
https://www.pangea.global/blog/10-most-popular-african-languages/
https://www.fluentu.com/blog/languages-spoken-in-africa/
https://www.statista.com/statistics/1280625/number-of-living-languages-in-africa-by-country/#:~:text=Africa%20boasted%20a%20repertoire%20of,communication%20across%20all%20age%20groups.

bird TenX: Hailing 10 of Africa's most spoken languages

Higher benevolence rates among Millennials and Generation Z- post-COVID-19 pandemic - are helping to improve life evaluations on the continent, as these two African countries emerge among the top 10 globally for the highest increase in happiness levels. 

Conrad Onyango, bird story agency
 
The Republic of Congo and Togo are amongst the countries that have seen happiness levels amongst their citizens increase the most over the past 12 years.
 
The two African countries are listed among seventeen countries globally that recorded increases in average life evaluations of a full point or more.
 
The World Happiness Report 2024 ranks the Republic of Congo in fourth place globally (with 1.40 points) for the biggest increase in happiness levels, after Serbia (1.84 points), Bulgaria (1.57 points) and Latvia (1.47 points ), mostly thanks to increases among their youth populations.
 
Togo closed the world’s top 10 most improved (with 1.20 points).
 
While negative emotions have been on the rise around the globe, the report notes that higher frequencies of positive emotion are outdoing negative feelings in Africa, as Millennials and Generation Z become more socially connected online and helpful to each other post-pandemic compared to over 10 years ago.
 
“The frequency of positive emotions in every region is highest for those under 30, thereafter steadily declining with age in every region...In Sub-Saharan Africa life satisfaction has increased among the young,” said the report.
 
According to a report, during the early years of the Gallup World Poll (2006-2010), the happiest group was the young, followed by those over 60, and those aged 30 to 44. However, it notes that recently there has been a slight decline in average happiness as age increases worldwide.&nbsp;
 
Overall, Congo Brazzaville is ranked fifth in Africa and 89th in the world, with its young population being the happiest in the country, while Togo is ranked 27th in Africa and 124th globally, with its upper middle-aged population being the biggest happiness driver.&nbsp;
 
Libya is ranked 66th in the world and leads in Africa with the happiest population thanks to a middle-aged population whose happiness has been buoyed by a resurgence in political stability following an end to the country’s second civil war in 2020.&nbsp;
 
Mauritius is the second happiest country in Africa and 70th globally, with its older population being the happiest in the country. South Africa is ranked 83rd globally and is the third happiest country in Africa.
 
In North Africa, happiness is highest among the young, especially young females, and then falls steadily before rising again for women 60 and over.&nbsp;
 
“Overall, globally, young people aged 15-24 experienced improved life satisfaction between 2006 and 2019, and stable life satisfaction since then,” according to the report.
 
The report is based on surveys conducted by the Gallup World Poll, which involved approximately 1,000 respondents from almost every country. One of the questions asked the respondents to rate their current life on a scale of 0 to 10, with 0 being the least happy and 10 being the most happy.&nbsp;
 
The report also used data from the Meta-Gallup Global State of Social Connections survey, which was included in the 2022 round of the Gallup World Poll for 140 countries.&nbsp;
 
It showed how generational differences in feelings of social support, loneliness, and being socially connected relate to six types of reported social interactions and to overall life evaluations.&nbsp;
 
The data sets revealed that there has been a significant increase in benevolence following the COVID-19 pandemic for all generations and mostly so for Millennials and Generation Z. These younger generations it found are more likely than their predecessors to help others in times of need.
 
“Feelings of social support &nbsp;have been more than twice as prevalent as loneliness in 2022. Both social support and loneliness affect happiness, with social support usually having the larger effect. Social interactions add to happiness, with their effects flowing through increases in social support and reductions in loneliness,” explained the report.
 
bird story agency

Congo and Togo record Africa’s highest increase in happiness levels 🇹🇬 🇨🇬

The Next Wave

TechSafari

Big Tech This Week

🌍 From humble beginnings in Africa, InstaDeep has grown into a global AI powerhouse. In just over a year under BioNTech’s umbrella, the startup continues to drive innovation in biotech and beyond. CEO Karim Beguir reveals how InstaDeep’s cutting-edge AI is revolutionizing healthcare and industrial optimization alike.

InstaDeep's AI Revolution: Scaling Global Innovation 🚀
InstaDeep, Africa's largest AI startup, was acquired by BioNTech for $550M in 2023. Under BioNTech’s wing, the Tunis-born startup has achieved significant progress in AI-driven biotech applications, including AI models that accelerate tissue analysis by 5x and support cutting-edge cancer research. Their DeepChain platform, focusing on protein design, plays a key role in fighting diseases like cancer.
 
 
Key Highlights:
<ul>
 <li>📊 BioNTech acquisition enhances InstaDeep’s biotech focus, accelerating drug development using AI.</li>
 <li>InstaDeep maintains independence, still collaborating with non-biotech sectors such as industrial optimization.</li>
 <li>🦗 A key AI project: predicting locust outbreaks in Africa with NASA-backed geospatial data, helping protect food security.</li>
</ul>
 
 
CEO Karim Beguir believes InstaDeep’s AI innovations in biotech are at a pivotal stage—similar to GPT-3’s debut in 2020, opening up endless possibilities for the future of healthcare and industrial optimization.
"AI is now a game changer in biology—just like GPT was for NLP," says Beguir.
 
 
Read more on <a href="https://techcrunch.com/2024/10/12/where-we-are-today-in-biology-ai-is-similar-to-gpt-in-2020-an-interview-with-the-ceo-of-africas-biggest-ai-startup/">TechCrunch</a>

InstaDeep's AI Journey: From Africa to Global Biotech Innovator

🌍 Flutterwave, Africa's largest fintech, is gearing up for its next phase of growth. With new executive hires and a refined product focus, CEO Olugbenga Agboola aims to establish the company as the Adyen of Africa. Could Flutterwave's expansion and IPO plans be just around the corner?

<h3>Flutterwave, valued at $3 billion, is making strategic moves to cement its leadership in Africa's fintech space. With the recent hire of Mitesh Popat as CFO and the appointment of six other senior executives, the company is focusing on sustainable growth. The new hires are part of a larger restructuring effort, which also saw Flutterwave lay off 3% of its workforce and discontinue its Barter app to concentrate on enterprise payments and remittances.</h3>
<h3> </h3>
<h3> </h3>
Key points to note:
<ul>
 <li>Flutterwave’s enterprise product contributes 90% of its revenue, serving sectors like e-commerce, transportation, and FMCG.</li>
 <li>The Send App for remittances accounts for the remaining 10%, helping facilitate international transfers across Africa, the U.S., Europe, and Canada.</li>
 <li>Flutterwave aims to expand its presence in Egypt, Morocco, Nigeria, and Ghana, and secure its position as the top infrastructure layer for payments in Africa.</li>
</ul>
 
Agboola emphasized that the company’s ambition is to be the "Adyen of Africa", with a deeper focus on acquiring its own licenses in key markets. Despite IPO speculations, Flutterwave's current priority is to enhance market penetration and strengthen risk management.
 
 
🚀 With over 1 million businesses on its platform, Flutterwave continues to lead the way in Africa’s digital payment landscape, aiming for long-term scalability and deeper market penetration.
 
 
Read more on <a href="https://techcrunch.com/2024/10/07/flutterwaves-ceo-agboola-on-hires-product-focus-and-future-plans/">TechCrunch</a>

Flutterwave's Growth Strategy: Executive Hires, Product Focus, and IPO Ambitions

Kenya’s competition authority has fined Eleving’s local subsidiary, Mogo Kenya, for deceptive lending practices. As Kenya tightens regulations on unethical digital lending, this penalty exposes continued breaches of consumer trust. Could this be the tipping point for curbing unethical digital loans in the country?

Kenya’s Competition Authority (CAK) has fined Mogo Kenya, a subsidiary of Baltic fintech Eleving Group, $84,120 for misleading customers and altering loan terms without consent. The fine, although modest, highlights ongoing unethical practices among digital lenders, despite Kenya’s 2022 regulatory crackdown on predatory lending.
Key issues include:
<ul>
 <li>Unethical Loan Term Adjustments: Mogo Kenya secretly changed loan terms, increasing interest rates without informing clients and charged extra fees by denominating loans in USD, while disbursing in Kenyan shillings.</li>
 <li>Consumer Protection Laws Ignored: Despite new regulations mandating transparency and privacy protections, many digital lenders, including Mogo, continue to flout the law.</li>
 <li>Industry-Wide Problem: Other lenders like Platinum Credit and Premier Credit face similar complaints for unethical practices, raising concerns about the effectiveness of regulations.</li>
</ul>
 
Mogo Kenya is now required to refund overcharged amounts and has been issued a warning by CAK. Despite the company’s denials, this incident sheds light on a broader issue of unethical behavior among Kenya’s digital lenders, who have a long history of exploiting loopholes for profit.
 
This fine marks another step in Kenya's ongoing effort to bring accountability and fairness to the digital lending space, as the country attempts to clean up a market once rife with privacy violations and predatory lending tactics. Consumers are advised to stay vigilant and well-informed about the terms of any digital loans.
 
This regulatory action highlights the need for stronger oversight as digital lenders continue to exploit vulnerabilities in Kenya's financial landscape.
 
 
Read more on <a href="https://techcrunch.com/2024/10/04/baltic-fintech-eleving-fined-in-kenya/">TechCrunch</a>

Kenya Fines Eleving’s Local Subsidiary for Misleading Customers Amid Crackdown on Digital Lenders

Africa's tech ecosystem has seen impressive startup exits, showing how far the continent has come in tech innovation. From AI pioneers to payment processors, these exits highlight the growing success of African companies on the global stage. Read on to discover the biggest African startup acquisitions, their valuation, and what the future holds for tech exits in Africa! 🚀🌍

Africa's tech ecosystem has witnessed some significant startup exits, despite global challenges with IPO markets and M&amp;A deals. In 2021, the continent saw a peak of 44 M&amp;A exits, while in 2022, that number decreased to 29. Despite a reduction in venture capital investments, African investors remain optimistic, predicting that mergers and acquisitions will increase as startups seek liquidity in a tightening market. 🌍💡
Notable startup exits include:
<ul>
 <li>InstaDeep (AI Startup) 
Acquired by BioNTech in 2023 for €500 million ($550M). 
Raised over $108 million from top investors like Google and Endeavor Catalyst. 🌐🧠</li>
 <li>Sendwave (Money Transfer Service) 
Acquired by Zepz in 2020 for $500 million. 
Raised $15 million from major investors such as Founders Fund and Partech. 💸📲</li>
 <li>Paystack (Payments Platform) 
Acquired by Stripe in 2020 for over $200 million. 
Raised $12 million and revolutionized African e-commerce payments. 💳📈</li>
 <li>MainOne (Data Center Solutions) 
Acquired by Equinix in 2021 for $320 million in cash. 
Pioneered connectivity services across West Africa. 📡💼</li>
</ul>
 
These landmark exits show that African startups are not only attracting significant investments but are also setting the stage for future acquisitions and IPOs, providing promising returns in a developing market. With an eye on future growth, the potential for more exits continues to rise, thanks to the increasing role of cloud computing, AI, and fintech across the continent. 🌍📊
 
Key Takeaways:
<ul>
 <li>African startups raised billions, with M&amp;A deals showing strong returns.</li>
 <li>Major sectors: AI, fintech, data services, and cloud computing.</li>
 <li>Optimism remains for future exits despite the global economic challenges.</li>
</ul>
This summary emphasizes Africa’s evolving startup scene, encouraging optimism for more high-value exits in the coming years! 📈🚀
 
Read more from <a href="https://techcrunch.com/2024/09/01/from-instadeep-to-paystack-here-are-africas-biggest-startup-exits-and-how-much-they-raised/">TechCrunch</a>

Top African Startup Exits: Jumia, Paystack, InstaDeep & More

The global cross-border payment market is booming, yet many businesses are still underserved by traditional banks. 🌍💸 Conduit is stepping in to revolutionize the landscape, expanding from Latin America into Africa, and making it easier for businesses to connect to the global financial system. Here’s how they plan to transform international transactions.

Conduit, a leading fintech startup specializing in B2B cross-border payments, is expanding its operations from Latin America into Africa after securing a $6 million seed extension from Helios Digital Ventures. With the global cross-border payment market poised for substantial growth, Conduit aims to provide faster, cost-effective solutions to businesses navigating complex financial landscapes across continents.
 
<h3>Key Highlights:</h3>
<ul>
 <li>Market Potential: Cross-border payments are expected to surge by 60%, reaching $250 trillion by 2027.</li>
 <li>Pivot to TradFi: After facing challenges in the crypto market downturn of 2022, Conduit shifted focus to traditional banking, specifically B2B cross-border payments.</li>
 <li>Global Expansion: Conduit initially launched its platform in Latin America and now targets the African market, where businesses face similar transaction challenges.</li>
 <li>Investment &amp; Growth: Conduit raised $6 million from Helios Digital Ventures, boosting its annualized transaction volume to over $5 billion. Notably, 20% of its business now comes from African countries like Kenya and Nigeria.</li>
 <li>Technological Edge: Partnering with local banks, Conduit leverages technology to ensure faster, more transparent money transfers, offering a cost-effective alternative to traditional banking systems.</li>
 <li>Future Roadmap: With plans to expand into Ghana and South Africa and a goal to break even by the end of the year, Conduit is on track to surpass its achievements in Latin America.</li>
</ul>
<h3> </h3>
<h3>Additional Insights:</h3>
<ul>
 <li>Competitive Landscape: Conduit’s main competitors in Africa include established platforms like AZA Finance, YC-backed Verto, and Waza.</li>
 <li>Operational Leadership: The African expansion will be managed by Eric Wainaina, formerly of The Kenyan Wall Street, with compliance and operations led by former executives from Marqeta and the SEC.</li>
 <li>Strategic Vision: According to Wale Ayeni, managing partner at Helios Digital Ventures, Conduit's mission is to rebuild the backend for global payments, better serving African ecosystems in connecting with the global economy.</li>
</ul>
 
Conduit’s strategic expansion into Africa, backed by a robust investment and a focus on technology-driven solutions, is set to redefine how businesses engage in cross-border payments. With impressive growth metrics and a clear vision for the future, Conduit is poised to lead the charge in bridging financial gaps across continents. 🌐💼
 
 
Read more on <a href="https://techcrunch.com/2024/08/12/conduits-cross-border-payments-expand-from-latam-into-africa-with-6m-round/">TechCrunch</a>

🚀 Conduit Expands Cross-Border Payments from LatAm to Africa with a $6M Seed Round

In a strategic move to drive growth and break even faster, African e-commerce giant Jumia plans to raise over $100 million through a new share offering. This capital injection aims to expand its supply chain, enhance logistics, and invest in technology, amidst a challenging market environment. 📈💼

Jumia, a leading African e-commerce company, is set to raise over $100 million by selling 20 million American depositary shares. Despite recent market volatility, this fundraising effort aims to capitalize on strong performance and drive growth. The funds will be used to enhance Jumia's logistics network, particularly in smaller cities, and invest in technology and marketing to attract more customers and vendors.
 
Key points:
<ul>
 <li>Share Offering: Jumia plans to raise around $100 million through secondary shares, although the final amount depends on the fluctuating share price.</li>
 <li>Growth Strategy: The new funds will boost supply chain capabilities, enhance logistics, and invest in technology to improve user acquisition and vendor engagement.</li>
 <li>Financial Performance: Jumia’s Q2 2024 report shows a cash position of $92.8 million, with plans to strengthen this further with the new capital.</li>
 <li>Market Challenges: Despite order growth, Jumia's GMV and revenue saw declines due to currency devaluation in key markets like Egypt and Nigeria.</li>
 <li>Profitability Focus: Jumia aims to reduce losses, with a 27% year-over-year decrease in loss before income tax from continuing operations, highlighting its commitment to profitability.</li>
</ul>
 
Jumia's CEO, Francis Dufay, emphasized the company's efforts to shift towards growth after significant cost management and efficiency improvements. The company aims to leverage the new funding to scale operations faster and achieve quicker break-even. 🚀💡
 
Highlights:
<ul>
 <li>Jumia’s share price has fluctuated recently, impacting potential funds raised.</li>
 <li>The company raised nearly $600 million from secondary shares between 2020 and 2021.</li>
 <li>New funds will support logistics expansion, technology investment, and vendor growth.</li>
 <li>Jumia's active customer base has remained around two million per quarter, with significant growth potential in African markets.</li>
 <li>Despite order increases, revenue and GMV declines are influenced by currency devaluation.</li>
 <li>Jumia's adjusted EBITDA loss decreased by 10%, showing improved financial management.</li>
</ul>
 
Stay tuned as Jumia takes bold steps to enhance its market position and drive substantial growth across the African e-commerce landscape! 🌍📦
 
 
Read more on <a href="https://techcrunch.com/2024/08/06/jumia-plans-to-raise-more-than-100-million-in-secondary-shares-to-drive-stalled-user-growth/">TechCrunch</a>

Jumia to Raise Over $100 Million Through Secondary Shares to Boost User Growth 🚀

Cartona, an Egyptian B2B e-commerce platform, has successfully raised $8.1 million despite a cooling investor interest in the sector. With a focus on FMCG and HORECA, Cartona is leveraging its asset-light model to enhance efficiency and expand its market presence. Discover how this startup is navigating the competitive landscape and driving digital transformation in Egypt's retail market.

📈 Egypt's Cartona Raises $8.1M Amidst B2B E-commerce Challenges
Cartona, an Egyptian B2B e-commerce platform, has secured $8.1 million in a Series A extension, bringing its total Series A funding to $20.1 million. Despite a broader pullback from B2B e-commerce investments in Africa, Cartona's near profitability and strategic market position attracted investors like Algebra Ventures and Silicon Badia.
 
Key Highlights:
<ul>
 <li>Funding Details: $5.6 million in equity and $2.5 million in debt.</li>
 <li>Investment Focus: Expansion in FMCG and HORECA sectors in Egypt, with potential regional growth in Saudi Arabia.</li>
 <li>Strategic Model: Cartona's asset-light approach enhances supplier efficiency without direct competition.</li>
 <li>Market Impact: Over 180,000 retailers managing 40,000+ SKUs on the platform.</li>
 <li>Future Plans: Increasing embedded finance in transactions and leveraging local currency financing.</li>
 <li> </li>
</ul>
🛒 Expanding Vertical MarketsCartona is exploring synergies between FMCG and HORECA, boosting its annualized GMV to EGP 10 billion ($210 million). The HORECA sector, though currently small, shows promising growth and higher profitability compared to FMCG.
 
📊 Growth and Financial InclusionEmbedded finance now constitutes over 20% of Cartona’s GMV, with local currency financing supporting 90% of credit orders. This financial inclusion drives growth and stability for small merchants.
 
🌍 Market PotentialEgypt's retail market, worth $120 billion, remains largely offline. Cartona, along with competitors, is gradually digitizing the sector, covering only 2-4% of the market. The shift towards B2B e-commerce promises significant future value.
 
🚀 Looking AheadCartona’s scalable asset-light model positions it well for further regional expansion and deeper market penetration. The company aims to continue enhancing its technology and financial services to support the evolving needs of retailers and suppliers in Africa.
 
Stay tuned as Cartona revolutionizes the B2B e-commerce landscape in Africa, driving efficiency and financial inclusion in the retail sector.
 
 
Read more on <a href="https://techcrunch.com/2024/07/30/egypts-cartona-raises-8-1m-even-as-investors-pull-back-from-b2b-e-commerce-in-africa/">TechCrunch</a>

Egypt's Cartona Secures $8.1M Amidst B2B E-commerce Challenges in Africa

Pesa is breaking barriers in the remittance industry, providing fast, affordable, and secure money transfers across continents. With a multi-currency wallet, Pesa is transforming how diaspora communities send money home. 🌍💸

<h3>Pesa, a fintech startup, is revolutionizing remittance services with a multi-currency wallet. Now expanding into the US and 27 European countries, Pesa aims to make global money transfers faster, cheaper, and more accessible.</h3>
<h3> </h3>
Pesa's Global Expansion in Remittance Services
Pesa, a fintech startup founded by Nigerians Tolulope Osho, Yusuf Yakubu, and Adewale Afolabi, is revolutionizing remittance services by making them more accessible, affordable, and reliable. After launching in Canada in 2021, Pesa has rapidly expanded into 27 European countries and is now eyeing the US market. The startup’s multi-currency wallet allows users to send, receive, and hold multiple currencies, making international money transfers seamless and efficient.
 
Key Highlights:
<ul>
 <li>Pesa is finalizing licenses to launch in the US and recently expanded into 27 European countries.</li>
 <li>The platform allows users to send, receive, and hold six different currencies.</li>
 <li>Pesa aims to make global money transfers fast, secure, and affordable, reducing the need for risky informal channels.</li>
 <li>The startup has processed over a million transactions valued at $380 million and serves 60,000 users, 30% of whom are active.</li>
 <li>Expansion into new markets, including India and Sub-Saharan Africa, positions Pesa as a major player in the digital remittance space.</li>
</ul>
 
Impact and Future Goals:
<ul>
 <li>Pesa’s efforts align with the World Bank’s projections of increasing remittance flows to low-and-middle-income countries, expected to reach $129 billion in India by 2025.</li>
 <li>The startup’s expansion will intensify competition with other digital remittance platforms like Wise, Nala, and Flutterwave.</li>
 <li>Pesa plans to introduce multi-currency cards and other financial products to enhance user experience and drive further growth.</li>
</ul>
 
By leveraging technology and innovative solutions, Pesa is poised to significantly impact the global remittance industry, empowering diaspora communities and fostering financial inclusion. 🚀💼
 
 
Read more on <a href="https://techcrunch.com/2024/07/22/pesa-pursues-global-growth/">TechCrunch</a>

Pesa Unlocks New Markets to Keep Remittances Flowing to Emerging Economies

Nala, a Tanzanian fintech startup, just closed a $40 million Series A round to bolster its B2B payments platform and expand remittance services. This funding, led by Acrew Capital, marks one of Africa’s largest Series A deals, showcasing investor confidence in Nala’s vision. 🚀💸

<h3>Nala, a Tanzanian fintech startup, raised $40 million in a Series A round led by Acrew Capital, marking one of the largest such deals in Africa. The oversubscribed round saw participation from DST Global, Norrsken22, HOF Capital, and several prominent angel investors. The funds will support Nala’s global expansion, focusing on scaling its remittance business into Asian and Latin American markets.</h3>
<ul>
 <li>Nala's Expansion: Initially providing local money transfers in Tanzania, Nala now enables remittances from the EU, UK, and US to 11 African markets. The integration with services like M-Pesa allows direct bill payments into mobile wallets.</li>
 <li>B2B Platform - Rafiki: Launched in March, Rafiki serves global businesses making payments to and from Africa, integrating directly with banks and mobile money providers. This ensures reliable, low-cost payments and improves service availability for Nala’s consumer app.</li>
 <li>Global Growth Plans: CEO Benjamin Fernandes emphasized that the new funding will enhance infrastructure, supporting reliable and cost-effective payments. Nala aims to build a robust payments ecosystem beyond Africa and reach 500,000 customers soon.</li>
 <li>Market Opportunities: The World Bank predicts a 1.5% growth in remittance flows to sub-Saharan Africa, with similar trends in other regions. Nala’s focus on reducing transaction costs makes it competitive in the growing remittance market.</li>
 <li>Investor Confidence: Acrew’s Lauren Kolodny highlighted Nala’s potential to lead in remittances for Africa's youth, expected to represent 35% of the global youth population by 2050.</li>
</ul>
<h3>Highlights:</h3>
<ul>
 <li>Raised $40 million Series A led by Acrew Capital</li>
 <li>Expansion into B2B payments and global remittance services</li>
 <li>Integrates with 249 banks and 26 mobile money services in 11 African markets</li>
 <li>Plans to enter Asian and Latin American markets</li>
 <li>Achieved profitability and aims to cross 500,000 customers</li>
 <li>Emphasizes low-cost, reliable payments through its platform Rafiki</li>
</ul>
Nala's growth is a testament to the potential of African fintech companies, demonstrating how innovative solutions can address unique market challenges and attract significant international investment. 🌍💼
By maintaining a focus on reliability and cost reduction, Nala sets a new standard in the fintech industry, promising to benefit both consumers and businesses with its advanced payment solutions.
 
Read more on <a href="https://techcrunch.com/2024/07/09/nala-series-a/">TechCrunch</a>

Nala Secures $40M Series A to Expand B2B Payments and Scale Remittance Services Globally 🇹🇿

Breega, a Paris-based venture capital firm, is making a bold move to support Africa's growing tech ecosystem with a $75 million fund aimed at early-stage startups. This investment underscores Breega’s commitment to nurturing innovation in emerging markets. The firm’s expansion into Africa is marked by the opening of new offices in Lagos and Cape Town.

<h3>🌍 Breega's New Venture in Africa: Paris-based VC firm Breega has announced a $75 million fund to invest in early-stage startups across Africa. The firm, known for its founder-friendly approach, aims to leverage its European success to boost African tech innovation.</h3>
<h3> </h3>
📈 Historical Growth: Africa's tech ecosystem has seen significant growth, with venture capital inflows rising from under a billion dollars to $6 billion annually, and the number of unicorns growing from one to seven in three years.
 
💼 Strategic Expansion: Breega has secured 70% of the capital for its new fund and opened offices in Lagos and Cape Town to strengthen its presence in Africa. These offices join Breega’s existing locations in Paris, London, and Barcelona.
 
🤝 Founders-for-Founders Approach: Breega prides itself on being a founders-for-founders fund, providing operational expertise alongside capital. This approach has driven their rapid growth in Europe, and they aim to replicate this success in Africa.
 
🌱 Investment Strategy: The "Africa Seed I" fund will focus on pre-seed and seed stages, investing between $100,000 and $2 million in startups across major African markets, including Nigeria, Egypt, South Africa, Kenya, and Francophone countries like Morocco and Senegal.
 
💡 Local Expertise: Breega's Africa fund is led by Melvyn Lubega and Tosin Faniro-Dada, who bring extensive entrepreneurial and operational experience. The fund has already backed nine startups, including Numida and Klasha, with plans to make at least 40 investments.
 
<h3>Key Highlights:</h3>
<ul>
 <li>Target Markets: Nigeria, Egypt, South Africa, Kenya, Morocco, Senegal, Ivory Coast, Cameroon, and DRC.</li>
 <li>Supported Sectors: Fintech, healthtech, proptech, logistics, and edtech.</li>
 <li>Investment Size: $100,000 to $2 million per startup.</li>
 <li>Unique Value Proposition: Local market understanding, operational expertise, and tailored support.</li>
 <li>Team Expertise: Former founders and operators providing hands-on support.</li>
</ul>
 
<h3>Breega's Vision:</h3>
Breega aims to foster innovation and address local challenges with tailored solutions. By bringing their European experience and integrating local market insights, they plan to catalyze the next wave of African tech startups.
 
 
Read more on <a href="https://techcrunch.com/2024/06/20/paris-based-vc-breega-75m-africa-fund/">TechCrunch</a>

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