The 21st century has been characterized by rapid technological advancement giving rise to breakthroughs that will affect our politics, economies, improve medicine and influence our culture.
Technology has transformed social and economic activities, increased connectivity and created a global village. However, there has been an uneven distribution in mobile technology access and usage between men and women. According to a GSMA report, 14% of women are less likely to own a phone, this equates to 200 million fewer women than men engaging in mobile technology. Sub-Saharan Africa is identified as the second leading region with the gender gap in mobile ownership and internet usage after South Asia. In Tanzania, various interventions in education, health and agriculture sectors such as CodeLikeAGirl, Wazazi Nipendeni and Women Farmer Network respectively, seek to address the gender imbalance in uptake of mobile technology. Read more. Source | The Exchange
Tech startups from Sub-Saharan Africa markets to get $6 million investment from the International Finance Corporation (IFC), a subsidiary of World Bank Group.The fund will be channeled through fund manager, TIDE Africa. TIDE, owned by UK-based venture capital firm TLcom Capital LLP, will be responsible for the identification and funding of the technology enabled and innovative startups in SSA.
"IFC is considering an equity investment of up to $6 million (Sh600 million) in TIDE Africa Fund. “Majority of TIDE’s investments will be concentrated in Anglophone Africa: Kenya, Nigeria, Ghana and South Africa, and the remaining allocation will be deployed in other Western, Eastern and Southern African countries, with a sectoral focus on consumer services, financial services, and enterprise technologies,"Business Daily quoted the international financier as saying. Read more. Source | Daily News
The Export and Processing Zones Authority (EPZA) said the improved investment climate has upped the number of inquiries and prospective investors coming to explore investment opportunities. EPZA’s Director for Investment Promotion and Facilitation Mr James Maziku said yesterday in Dar es Salaam after hosting a business delegation from Hong Kong showing key interest in agro-processing sector. Read more. Source | Daily News
Five local small and medium enterprises could in coming months be listed on the Rwanda Stock Exchange, according to officials at the agency. The firms have been found outstanding from more than 10 SMEs, which signed Memorandum of Understanding with Rwanda Stock Exchange last year. The five small and medium enterprises have showed positive signs and ability to meet the requirements as prescribed in the last consecutive meetings held by both parties, according to Celestin Rwabukumba, the Chief Executive of Rwanda Stock Exchange.
This follows a two-month campaign, dubbed “access and grow”, launched in 2018, which was organised by Rwanda Stock Exchange in partnership with Capital Market Authority and USAID targeting about 300 SMEs from all sectors of the economy as a way to enable them access long-term investment capital. Read more. Source | New Times
Total investments into the country have been valued at $2.006B surpassing the $2B target. This is a growth from $1.675B recorded in 2017 up and $1.16B registered in 2016.Data from the Rwanda Development Board shows that the largest investments were in manufacturing, mining, agriculture and agro-processing. 26 per cent were export-oriented projects.
In 2018, the largest share of investments came from domestic investors as opposed to previous years when Foreign Direct Investments have dominated. 49 per cent of total investments were domestic while 47 per cent were foreign. Read more. Source | New Times
Africa’s agriculture productivity is way too low, and has stayed low when other regions have moved ahead very quickly, yet it can use research and technologies to improve farm productivity.
The comment was made Wednesday by Jennifer Blanke, Vice President of African Development Bank (AfDB), during an interview with The New Times at the sidelines of the African Green Revolution Forum (AGRF2018) being held in Kigali. Read more. Source | New Times
An ongoing COMESA annual research forum in Nairobi has been informed that the trade block stands to gain monumental growth and saving if only it implemented electronic measures to promote trade. According to trade researchers, the region would annually gain US$17.5 billion in intra-COMESA exports if all the member States fully implemented the digital trade facilitation reforms that involves the use of paperless trade facilitation measures. Read more. Source | The Exchange
East African countries are performing well in economies, the bloc now becoming the fastest growing in the continent. A report released by the United Nations Conference on Trade and Development (UNCTAD) and made available by the East African Business Council (EABC) indicated that the region received 7.6 billion US dollars in Foreign Direct Investment (FDI) last year. Read more. Source | Daily News
Weather related disasters such as flooding and landslides affecting the livelihoods of residents of Gicumbi District, Northern Province could soon be curbed following the launch of a $32.8m initiative funded by the Green Climate Fund.
The initiative is a partnership with the Ministry of Environment and aims at building resilience of small-holder farmers and communities vulnerable to climate change who have often lost their harvest due to changing weather patterns. Read more. Source | New Times