Nearly two-thirds of Africans may have contracted the coronavirus, the W.H.O. says.
The Africa director at the World Health Organization on Thursday
The Africa director at the World Health Organization on Thursday
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In Africa, governments are stepping up their efforts to mitigate the impact of the Russia-Ukraine crisis on their citizens’ wallets. According to UNCTAD data, no less than 25 African countries import more than a third of their wheat from Russia and Ukraine; 15 import more than half and two countries, Benin and Somalia, import 100%. So how is Africa trying to limit the impacts of this crisis?
Ghana presents robust digital economyGhana has recently embarked on the transformation of several public services. An identity card serves as a biometric passport and tax identification number. In this way, the country intends to mobilise domestic revenue and prosecute all those who evade taxes before the end of the year. This digital policy, which affects all sectors, should be a response to financial exclusion and the predominance of the informal sector.
Burundi coffee sector struggles to reboundIn Burundi, coffee accounts for nearly 40% of export resources, and supports 8 million Burundians. With the failure of the privatisation of the sector, the state has been running the sector since 2019, but production figures remain low, dropping from 34,000 to 6,000 tonnes for the 2021-2022 growing season. Coffee growers’ discontent is growing, as well as the lack of traceability of all actors involved in the sector.
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Unlocking Africa’s oil and gas potential is now imperative against the backdrop of the war in Ukraine and the resulting crude, diesel, and gas supply crunch. This has rendered European dependence on Russian energy untenable, creating a major opportunity for Africa to position itself as a crucial option to increase the supply to the global energy markets. However, significant challenges remain for the continent’s hydrocarbon producers to suddenly ramp up their production due to infrastructure, finance, and technology deficits.
Countries with major LNG resources, such as Nigeria, Angola, Libya, and Algeria, suffer from limited and underdeveloped pipeline networks, refineries, jetties, terminals, and ports. Additionally, incentivizing foreign investment is often problematized by a host of risk factors, including political instability, local insecurity issues and financial institutions shifting investments from fossil fuels to renewables. Finally, securing the latest technology to facilitate local content development has proven cost prohibitive given the reliance on foreign intellectual property and the continual brain drain of key local human capital.
All the above issues will be discussed at the 8th Africa Petroleum Congress and All the above issues will be discussed at the 8th Africa Petroleum Congress and Exhibition (CAPE VIII) taking place from 16-19 May 2022 in Luanda, Angola. The congress is organized by the African Petroleum Producers Organization (APPO), the government of the Republic of Angola (for the first time), and AME Trade Ltd. The three-day event will be centered around the theme of “Energy Transition: Challenges and Opportunities in the African Oil and Gas Industry,” and assemble experts from the national, regional, and international energy and oil and gas industries to deliberate the challenges and opportunities of the energy transition and the future of the oil and gas industry in Africa.
CAPE VIII will unfold against the recession of the global pandemic that exacerbated record production declines across African hydrocarbon producing countries from 2020 to 2021. The annus horribilis was compounded by under-investment in exploration activities, leaving several of the continent’s biggest energy players struggling to cope with the post-lockdown surge in demand for hydrocarbons. Fortunately, APPO’s ambition to establish the continent as an energy hub regained significant headwind with a stellar upstream development outlook for 2022 and beyond.
The congress will be the ideal platform for Africa’s leading oil and gas producers to confront the foregoing challenges and engender solutions to maximize its oil and gas resources. Amid the drive by developed economies towards decarbonization and net-zero policies, attending energy stakeholders will have the opportunity to reinforce the case for regional integrated supply chains and pooling resources to leverage the catalytic power of hydrocarbons in a sustainable manner.
Supported by countless multinationals across the energy value chain and national oil companies, CAPE VIII will feature illuminating insight from a range of illustrious keynote speakers, who will mold the future landscape of energy in Africa and beyond.Source: AME Trade Ltd
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KAMPALA, Uganda — Ugandan President Yoweri Museveni recently remarked that Russia’s war on Ukraine should be seen in the context of Moscow being the “center of gravity” for Eastern Europe.
His son, Lt. Gen. Muhoozi Kainerugaba, was more forceful, declaring that most Africans “support Russia’s stand in Ukraine” and “Putin is absolutely right!”
Amid a worldwide chorus of condemnation, much of Africa has either pushed back or remained noticeably quiet. Twenty-five of Africa’s 54 nations abstained or didn’t record a vote in the U.N. General Assembly resolution earlier this month condemning Russia.
The reason? Many nations on the continent of 1.3 billion people have long-standing ties and support from Moscow, dating back to the Cold War when the Soviet Union supported anti-colonial struggles.
Those relations have tightened in recent years: As U.S. interest in Africa appeared to wane under President Donald Trump’s administration, Russia — along with China — expanded its influence, enlarging its economic footprint to include everything from agricultural programs to energy plants. In 2019, dignitaries from 43 African nations attended a summit with Russia, which also has become the dominant exporter of weapons into sub-Saharan Africa, according to the Stockholm International Peace Research Institute.