Tuesday, March 17

Tag: Africa

Dangote Dropped to Second As South African Johann Rupert, Becomes The Richest Man In Africa
17Mar By Emmanuel IkechiNo Comments
Wiki

Dangote Dropped to Second As South African Johann Rupert, Becomes The Richest Man In Africa

Johann Rupert, a tycoon from South Africa, outstripped Aliko Dangote, a magnate from Nigeria, to claim the title of the wealthiest individual in Africa. According to Bloomberg, Rupert’s fortune swelled to $13.65 billion, positioning him as the 154th richest individual globally. On Friday, August 2, 2024, Dangote’s net worth was recorded at $13.6 billion. This figure represents $50 million more than his current valuation. As per the latest Bloomberg rankings, Dangote is identified as the 156th wealthiest person worldwide. Sources of Wealth for Dangote and Rupert Since the onset of 2024, the financial standings of Dangote and Rupert have altered in distinct manners. From January through August, Rupert’s wealth increased by $1.21 billion. Conversely, Dangote’s fortune significantly decl...
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Nkosi Johnson: Biography of the child campaigner who changed South Africa
16Mar By Emeka OkaforNo Comments
Reports

Nkosi Johnson: Biography of the child campaigner who changed South Africa

Nkosi Johnson died of HIV/AID in 2001 when he was only 12 years old. He was born with the virus in Johannesburg, South Africa. At the time of his death, Nkosi was the longest-surviving child born with HIV. Nkosi’s mum was also HIV positive and became too ill to look after him, so he was adopted by a public relations officer from an AIDS care centre. In 1997, when Nkosi was just eight years old, his name became known when a local primary school near where he lived refused to take him as a pupil. It was because of his infection. It caused huge political issues for South Africa, which forced changes to the law there. New anti-discrimination policies were put in place and that stopped children being banned from schools based on their health. After the law changed, the schoo...
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Terrorism spreading across Africa- UN raises alarm
16Mar By Emeka OkaforNo Comments
Reports

Terrorism spreading across Africa- UN raises alarm

The United Nations (UN) announced yesterday, Thursday, that the proliferation of terrorism across Africa presents a significant danger to global peace and security. Addressing the Security Council on behalf of Secretary-General Antonio Guterres, Deputy UN leader Amina Mohammed remarked: “Terrorists and violent extremists, including Da’esh, al-Qaida, and their associates, have taken advantage of instability and conflict to expand their operations and escalate attacks throughout the continent. “Their irrational, terror-driven violence has resulted in the deaths and injuries of thousands, with many others continuing to endure the broader ramifications of terrorism on their existence and livelihoods.” Women and girls, in particular, are experiencing the most severe repercussions of ...
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COP27: US announces $150 million support for climate adaptation in Africa
16Mar By Emeka OkaforNo Comments
Reports

COP27: US announces $150 million support for climate adaptation in Africa

Joe Biden, the leader of the United States, declared $150 million in support for climate adaptation projects in Africa on Friday. This announcement was made during his speech at the ongoing Conference of Parties (COP27), also referred to as the climate summit, occurring in Egypt. The destiny of the globe hinges on curbing climate change, stated Mr. Biden, who further remarked that there is no justification for neglecting financial support for clean energy in developing countries. “To fundamentally alter the emission trend, every nation must take action,” he stated. America has aligned itself with a coalition of nations that have committed financial resources to tackle climate change adaptation challenges in Africa, including the United Kingdom and the Netherlands. Even thoug...
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AfDB partners with groups to support green electricity startups in Africa
16Mar By Emeka OkaforNo Comments
Reports

AfDB partners with groups to support green electricity startups in Africa

This year, the African Development Bank Group (AfDB) and various contributors have allocated over $2 billion to foster the growth of green energy startups in Nigeria and throughout Africa. The Leveraging Energy Access Finance Framework (LEAF), which the AfDB endorsed in February, stipulates that the Bank will dedicate up to $164 million to advance decentralized renewable energy in six African countries. In Ghana, Guinea, Ethiopia, Kenya, Nigeria, and Tunisia, the $800 million initiative will promote investments from both commercial and local currencies to amplify the activities of decentralized renewable energy firms. Approximately 18 decentralized renewable energy initiatives are expected to receive LEAF funding, thereby providing access to six million households and businesses, and yiel...
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COP 27: Natural gas necessary for Africa to supplement renewable energy sources – AfDB
16Mar By Emeka OkaforNo Comments
Reports

COP 27: Natural gas necessary for Africa to supplement renewable energy sources – AfDB

Dr. Akinwunmi Adesina, the leader of the African Development Bank (AfDB) Group, expressed that natural gas is essential for Africa to enhance its renewable energy capabilities. He made these remarks during an interview held outside the ongoing COP 27 summit in Egypt. Dr. Adesina asserts that ensuring sufficient energy necessitates the utilization of natural gas: “Africa requires natural gas to augment its renewable energy. Even if Africa were to increase its natural gas output threefold from current figures, its share in global emissions would only increase by 0.67%. “Natural gas is crucial to stabilizing the electricity supply due to the fluctuating nature of renewables. We must acknowledge the unique position of Africa. The continent experiences the highest rates of energy deprivatio...
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COP 27: EU announces €1 billion for climate adaptation in Africa
16Mar By Emeka OkaforNo Comments
Reports

COP 27: EU announces €1 billion for climate adaptation in Africa

To assist Africa in adjusting to the evolving climate, the European Union has declared a €1 billion grant for the continent. As stated by Frans Timmermans, the executive vice president of the European Commission, this is accurate. During his address on November 16 at COP 27, he emphasized that COP 27 was an African COP and focused on adaptation. Timmermans remarked: “Africa has made the smallest contributions to the situation we find ourselves in today. Nevertheless, numerous countries on this continent are among the most susceptible to climate change, experiencing greater distress than many other regions. Hence, we need to enhance our efforts regarding adaptation in Africa. “That is why I am pleased to announce at this gathering that together, the European Union and four me...
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AfDB partners AUC to develop digital market in Africa
16Mar By Emeka OkaforNo Comments
Reports

AfDB partners AUC to develop digital market in Africa

A funding agreement for $9.73 million has been formalized by the African Union Commission (AUC) alongside the African Development Bank (AfDB) to promote the expansion of the continent's digital marketplace. This agreement pertains to the execution of Phase 1 of the Upstream Project aimed at Digital Market Development in Africa, as stated in a release on the AfDB website on Friday. The signing occurred on Thursday at the AUC’s headquarters in Addis Ababa, Ethiopia. Both Dr. Abul Kamara, the Deputy Director-General of the AfDB for the East Africa Region, and Amb. Albert Muchanga, the AUC Commissioner responsible for Economic Development, Trade, Tourism, Industry, and Minerals, endorsed the agreement. In September, the AfDB Board of Directors granted its approval for the allocation of sev...
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World AIDS Day: How Africa can overcome HIV by 2030- Experts
16Mar By Emeka OkaforNo Comments
Reports

World AIDS Day: How Africa can overcome HIV by 2030- Experts

On World AIDS Day, the global community is concentrating on how to eradicate the HIV/AIDS epidemic by 2030. Professionals are optimistic about dismantling obstacles to HIV care and treatment by concentrating on priority groups and assisting them throughout their lifetimes. The focus should be on identifying the remaining “last mile” challenges and addressing the distinct needs of at-risk populations, including adolescent girls, who are the most impacted overall. “One of the initial steps we can take to dismantle obstacles to HIV care is to shift away from the ‘tyranny of the aggregate,'” remarked Nkosi Tshabalala, co-host of a webinar (https://bit.ly/3V1RAsr) with leading African HIV specialists and BroadReach Health Development’s Acting District Director of Gert Sibande in Mpumalanga, ...
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