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Category: AFRICA

  • Global Black Impact Summit (GBIS) 2024 to Prepare Youth for Excellence, Leadership Roles

    Global Black Impact Summit (GBIS) 2024 to Prepare Youth for Excellence, Leadership Roles

    DUBAI, United Arab Emirates, February 23, 2024/ — Empowering youth with strong leadership skills is paramount to cultivating a generation of leaders who are capable of driving change and fostering inclusivity.
    In the midst of a rapidly shifting global economy – characterized by evolving consumer preferences and an embrace of digital innovations – there is a need to prioritize access to education, skill development and competency building in a way that accounts for a dynamic future.

    The upcoming Global Black Impact Summit (GBIS) – taking place on Tuesday, February 27 in Dubai – will host a dedicated panel discussion on the role of youth in shaping global dynamics and building a more resilient future. The panel – Nurturing Future Leaders: Empowering Black Youth for Excellence – features high-level speakers from across education and business sectors, who will share insights into the pivotal role of modern education in economic advancement and wealth creation for the next generation.

    GBIS – hosted by the Black Impact Foundation and organized by Energy Capital and Power – is an annual event that celebrates the achievements of the Black community, promotes excellence, and explores untapped potential across various fields. This year’s summit – taking place on February 27, 2024, in Dubai – is set to be a transformative experience, featuring influential speakers, engaging panel discussions and networking opportunities. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

    Icons such as Nelson Mandela and Malcolm X have long-served as advocates for policies championing inclusivity, diversity and social equity, particularly among underserved populations. While their legacies continue to inspire resilience and empowerment within the global community, the imperative now lies in equipping today’s youth with the social education and mindset to effect transformative change. The GBIS panel will explore strategies and initiatives aimed at building confidence, resilience and leadership skills in young individuals.

    On the entrepreneurial front, business leaders including Pravini Baboeram, Co-Founder of 7th Gen Creatives, Lashai Ben Salmi, Co-Founder of Hallyu Con, and Tray Sean Ben Salmi, Founder of Influencer Publishing & Financial Education for Teens, will serve as speakers on the panel, instilling ambition among aspiring entrepreneurs and business owners. In this regard, GBIS 2024 will shed light on the role of mentorship and positive role models in unlocking the full potential of the next generation.

    Taking place under the theme, Black Excellence: Unleashing the Unexplored Potential for Global Unity, GBIS 2024 aims to foster connections among individuals and business leaders not only within the Black community, but worldwide. The summit serves as a unique, multisectoral platform that seeks to establish best practices for driving the next generation forward, while celebrating diversity, excellence and innovation in the process.

    Distributed by APO Group on behalf of Energy Capital & Power.

    SOURCE
    Energy Capital & Power

  • Desperation to lure African youth into the evil LGBT Agenda

    Desperation to lure African youth into the evil LGBT Agenda

    Story: Abubakar Sadik Mohammed

    The government of Zimbabwe through the office of the country’s Vice President has not only strongly and firmly rejected an LGBT Scholarship offer, but also, denounced it as unlawful, anti-Christian, anti-Zimbabwean and unAfrican insidious attempts by foreign interests to entice, lure and recruit Zimbabwean less privileged but able students into Lesbian, Gay, Bisexual and Transgender activities and malpractices through offers of educational scholarships.

    Zimbabwe, the government re-emphasized, has legislated against all such deviances making any offers predicated on the same aberrations unlawful and criminal and a grave and gross affront on its national values and ethos as a Christian nation.

    These were contained in a Press Release issued in Harare, Thursday, by the office of the country’s Vice President, Hon.Gen.(Retd), Dr.C.G.D. N Chiwenga.

    To this end, the statement continued, government sees such scholarship offers as a direct challenge to its authority and thus will not hesitate to take appropriate measures to enforce national laws and to protect and defend national values.

    “Our schools and institutions of higher learning will not entertain applicants let alone enroll persons associated with such alien anti-life, anti-African and anti-Christian values which are being promoted and cultivated by as well practiced in decadent societies with whom we share no moral values or cultural affinities.

    “Zimbabwe is a sovereign African State with definite laws and values which typify it cutting it apart from others mores.

    “Young Zimbabweans who Qualify for enrollment into tertiary institutions here and elsewhere should approach government department tasked to give grants and scholarship support to deserving cases. They should never be tempted to trade or sell their souls for such abominable and devilish offers.”, it further added.

  • President Ramkalawan pledges the commitment of Seychelles to ensure Sustainable Tourism

    President Ramkalawan pledges the commitment of Seychelles to ensure Sustainable Tourism

    Dubai, 13th February 2024: The President of the Republic, Mr. Wavel Ramkalawan joined several other world leaders at the World Governments Summit (WGS) 2024 currently being held in Dubai where he delivered his main address focussing on Seychelles’ Initiatives and Approaches to Ensure Sustainable Tourism and Balancing Preservation.

    In his address to world leaders at the event, the Head of State underlined the pivotal role that Seychelles is playing in conservation, implementing various initiatives to promote sustainable tourism and safeguarding the nation’s ecological balance and economic well-being. He touched upon the Blue Economy, Seychelles Sustainable Tourism Label (SSTL), renewable energy sources and community involvement among other important initiatives.

    “Central to Seychelles’ approach is its commitment to the Blue Economy, which includes designating a significant portion of the country’s marine territory as protected areas, including marine parks and reserves. These efforts are crucial in preserving biodiversity and safeguarding marine ecosystems for future generations.

    Furthermore, Seychelles has established the Seychelles Sustainable Tourism Label (SSTL), a certification program that recognises tourism accommodations, operators, and services adhering to sustainable practices such as efficient waste management, energy conservation, and community engagement,” said President Ramkalawan.

    He continued, “In its endeavour to reduce reliance on fossil fuels and mitigate environmental impacts, Seychelles has invested in renewable energy sources like solar and wind power. These initiatives not only contribute to reducing carbon emissions but also promote a more sustainable approach to tourism activities.

    Seychelles also emphasises community involvement and empowerment in tourism development, encouraging local participation in decision-making processes and implementing community-based tourism projects to ensure that communities benefit from tourism revenue.”

    The President also spoke about the significant strides that Seychelles has made in protecting its unique biodiversity through habitat restoration, invasive species control, and species protection programs, “Through such conservation efforts, Seychelles has achieved an enviable record of protecting 30% of its marine territory and 50% of its landmass.

    The nation has also implemented environmentally conscious policies such as banning single-use plastics and plastic straws, promoting glass recycling, and conducting regular beach cleaning exercises,” he said.

    The President also remarked that the Seychelles Government had imposed moratoriums on large hotel developments and temporary restrictions on room numbers on certain islands to ensure that future developments align with sustainability goals.

    In regards to cultural tourism, President Ramkalawan spoke about Seychelles’ initiative through the Creole Rendezvous brand, which offers visitors immersive experiences to appreciate the local culture.

    “Preserving and promoting Seychellois culture and heritage are integral to future development plans. Incorporating vernacular architectural styles, supporting local arts and crafts, and integrating cultural activities into urban planning are key components of sustainable development. Furthermore, environmental education and awareness among tourists and locals are key priorities for Seychelles, fostering a culture of sustainability and responsible tourism,” underlined the Head of State.

    In its pursuit of sustainable development, President Ramkalawan said that Seychelles is investing in green projects across the islands, including eco-friendly buildings, renewable energy systems, waste management facilities, and smart technology solutions for infrastructure management and resource efficiency.

    Regarding International Corporations and partnerships, the President further emphasized the need for the adoption of a Multidimensional Vulnerability Index (MVI) for Small Island Developing States (SIDS) and vulnerable countries.

    He also spoke about Seychelles’ collaboration with the United Nations World Tourism Organization (UNWTO) on the Tourism Satellite Account (TSA) project, which has been instrumental in understanding the industry’s contribution to GDP, employment, and foreign exchange earnings.

    He noted that through this collaboration, Seychelles’ objectives are to align tourism strategies with sustainable development goals and accurately assess the economic benefits of tourism.

    To conclude, President Ramkalawan reiterated Seychelles’ commitment by focusing on sustainable governance, fostering international collaboration, and championing innovation. “Seychelles remains steadfast in its commitment to ensuring sustainable tourism practices that balance the preservation of natural resources with the economic benefits of tourism.

    Through international cooperation, community involvement, and innovative initiatives, Seychelles aims to advance its island development objectives, build resilience against environmental challenges, and foster inclusive and equitable economic growth,” he said.

    There were other main addresses by distinguished world leaders, including the President of the Republic of Madagascar, H.E. Andry Rajoelina, President of the Republic of Mauritius, H.E Mr. Pritvirajsingh Roopun, GCSK, and from the President of the Republic of Maldives, H.E. Dr. Mohamed Muizzu.

    SOURCE

    State House News

  • Championing Sustainable Mining Solutions in Africa

    Championing Sustainable Mining Solutions in Africa

    First Published,February 8, 2024

    Story by: Mohammed A. Abu

    Under identical conditions at a plant owned by a company in Burkina Faso, eco-friendly alternative gold leaching reagent SEYCHEM and Cyanide were compared and at the conclusion of the process 350g of gold was recovered using SEYCHEM while 330g was obtained via Cyanide extraction.

    The laboratory personnel attested to SEYCHEM’s non-reactive nature on their bodies in comparison to Cyanide which caused eye irritation.

    They were also able to submerge their hands freely into the prepared solution containing SEYCHEM, an action not possible with Cyanide.

    In addition to its environmentally friendly features, SEYCHEM retrieved more gold; consequently, this company has, in place of cyanide, placed their first order for multiple container loads of SEYCHEM to process their material to extract gold. Each 20-footer container carries 26 tons of SEYCHEM.

    These were disclosed by the Ghanaian Researcher and Promoter of SEYCHEM Professor Emmanuel Arhin, a Professor of Applied Geology at the Department of Geographic Sciences, School of Geosciences, University of Energy & Natural Resources, Dormaa, Bono Region, Ghana during an exclusive interview with your favourite, Eco-Enviro News, Africa magazine.

    Touching on the need and importance of using poisonous-free chemicals for extraction of minerals, Professor Arhin posed the critical question, “What is the point of mining if operators use hazardous chemicals to extract gold from ore, only to suffer shortened lifespans and not enjoy their acquired wealth?

    This, he said is what informs his desire to contribute towards sustainable mining practices, leading to his research into, and promotion of the eco-friendly gold leaching alternative reagent, SEYCHEM.

    The low-hazardous SEYCHEM comes into Africa’s extractive industry as a welcome vibrant alternative to the age-long poisonous minerals extraction chemicals, mercury and cyanide that poses a health risk to users and the environment.

    It has since been established through research findings that poisonous minerals extraction chemicals such as mercury and cyanide are the source of various ailments inflicting people in mining communities.

    SEYCHEM’s History

    ” Sey Construction Limited,  based in Accra, Ghana  had established a partnership with a Chinese chemical and mining equipment manufacturing company to assess the effectiveness of an eco-friendly powder for extracting gold while minimizing its impact on the environment. In 2021, I was tasked with conducting scientific research to validate their claim that this substitute is superior to the toxic chemicals commonly used in gold extraction.”, Prof Arhin recounts.

    “So with the agreement established between the two groups, and after my satisfactory evaluation of the product Sey Construction Ltd secured the rights to become the exclusive country/Africa Representative, Sole Importer and Distributor of the SEYCHEM brand of eco-friendly range of leaching reagents.

    “The investigations into this product, commenced in 2021 with laboratory studies to establish its eco-friendly features, low-toxicity, gold extraction ability and potential negative impact on the ecosystem. The favorable results obtained from the ALS Geochemical laboratory motivated the team to present their findings to Ghana’s Minerals Commission.” Professor Arhin recounts..

    “Following Minerals Commission’s  recommendation, the product was sent for further assessment by Ghana Standards Authority and Environmental Protection Agency whose analyses corroborated ALS’s earlier report on SEYCHEM.  This led EPA to grant Sey Construction Ltd a license to trade SEYCHEM in Ghana.” he added.

    Sey Construction Ltd Appreciates Prof Arhin’s efforts

    The CEO of Sey Construction  Ltd, Mr. Kwesi Sey also presented a citation to Prof Emmanuel Arhin at his inaugural lecture at UENR on 16 March, 2023 recognizing the sterling efforts made by Prof in researching, promoting and providing eco-friendly solutions across board.

    The SEYCHEM Product

    SEYCHEM is an innovative high-tech eco-friendly gold leaching reagent  for gold extraction. SEYCHEM,a corporate product trade mark rebrand representing SEYCHEM for Africa,can fully replace sodium cyanide without changing the original leaching process and equipment.

    SEYCHEM also matches all the advantages of sodium cyanide and other eco-friendly leaching and gold dressing agents.

    Little Interest locally, greater Interest Outside

    Ghana

    On the immediate Ghanaian mining industry response to SEYCHEM, Prof Arhin said interest was initially very low and still low.

    “People are often hesitant to abandon their established practices and embrace new ones. The primary challenge is the fear that the novel product will not perform as expected. Furthermore, individuals who require assistance may lack comprehension regarding the intricacies of gold ores which compounds the difficulty of this task.

    “Gold ore can exist in either oxide or sulphide form, further complicating matters. To address this issue, our team engaged in a discussion and devised a plan that would work for all types of ore by utilizing a single product. That is what we have now, one product for ALL”, Prof Arhin noted.

    Burkina Faso Field Trial

    In the case of Burkina Faso, Prof Arhin disclosed they received a special invitation from the country’s Minister of Mines and Quarry to make a presentation before mining industry leaders under the auspices of ANEEMAS and BUMIGEB, which event took place from September 7 – September 10, 2021”.

    ” In fact, the Burkinabe Ministry of Mines and Quarry initially sponsored a select personnel of mining experts who came over to Ghana to witness our first trials which took place at Wa-East District on August 4th, 2021″ he disclosed.

    Ivory Coast, Niger and Mali

    Some localized field trials were also successfully conducted in Ivory Coast, Mali and Niger in 2022 and 2023.

    Congo Brazzaville

    Mining sector authorities from Congo Brazzaville, according to Professor Arhin have recently expressed interest in SEYCHEM, and this follows the positive feedback and reviews they got from other outfits from other jurisdictions about their experiences and success stories with the reagent, many of whom are even preparing to confirming their orders to include Seychem in their respective gold extraction processes

    Rethinking Traditional Geology Subject

    On what informs his crusade on the need to rethink the age-old traditional subject of geology and thereby coming out with the Geoenvironmental Science paradigm, Prof Arhin said, the Environmental Science program emerged as a response to the escalating concern regarding the deleterious impacts of human activities on the environment.

    “Similarly, such concerns have led me to ponder upon Geoenvironmental Science, an interdisciplinary program designed to equip students with the skills required to tackle various issues posed by our planet’s environment and human health.

    “This course encompasses a wide range of natural and anthropogenic elements that are pertinent to its study. The repercussions of human actions on its development have become increasingly apparent, particularly after watching Erastus’ documentary titled “Poison for Gold,” which reaffirmed the primary catalyst for this program’s inception.

    “It is important to note that this particular program should not be conflated with Environmental Studies. Research outcomes produced by students partaking in this course will serve as key instruments used by governments worldwide in determining which new environmental policies ought to be implemented”.

    On efforts he has made so far at his university regarding the Geoenvironmental Science Program Prof Arhin said, certainly, he is “indebted to the university for providing him with a platform to achieve his current position.”

    “My advocacy efforts encompass a plethora of public speaking engagements, wherein I have cautioned against the potential risks posed to both the environment and human health.”

    CORRECTION: Our initial story published on the 8th February,2024 under  head and subheadings, “Retooling Africa’s Extractive Industry for Sustainability, “Made-in-Ghana Eco-Friendly SEYCHEM out-performs Poisonous Cyanide in Burkinabe Field Trail” contained some misrepresentations.SEYCHEM  is not a Ghana made eco-friendly formula nor is Professor Emmanuel Arhin  credited for its origination as the wrong impression had been created through our initial publication. Aside that aspects, the rest of the story still stands.We are republishing the corrected and revised version and wish to render our sincere apology to our dear and most cherished readers.

    ‘

  • Addressing Ethnic Laced hateful messages in Social Media Sites

    Addressing Ethnic Laced hateful messages in Social Media Sites

    Mohammed A. Abu

    The Northern Regional Secretariat of the National Peace Council of Ghana, the Northern Regional Peace Council(NRPC), has called upon the national security apparatus to arrest and prosecute faceless individuals engaged in hateful audio-visual messages amid press releases circulating in social media platforms pitching ethnic groups against each other.

    This is in view of the fact that, such acts seek to undermine the peace and security of the region through false publications.

    The Council while condemning the press releases and all ethnocentric text, audio and video materials circulating in social media sites, has also urged the general public not only to disregard those hateful publications but continue to live harmoniously with one another without regard to ethnic, religious, political and any form of social difference.

    The Council has therefore entreated the public to stay away from ethnocentric behaviours, machinations, and all tendencies that seek to divide or sow seeds of discord within the fibers of multicultural societies in Northern Region.

    Individuals and groups are requested to avoid sharing and giving free publicity to hateful and ethnocentric speeches/statements.

    These were contained in an official statement signed on behalf of the NRPC’s Chairman,the Most,Reverend Bishop Mathew Yetiereh, issued in Tamale, Friday.

    The Council further entreated all youth associations to use dialogue rather than press conferences/releases which only escalate social problems in intergroup relations situations.

    “Peaceful coexistence among all ethnic, religious and political party groups should be the prime focus of all peace-loving Ghanaians.

    “The Council entreats groups and individuals to be vanguards of peace and development rather than interfering in matters of traditional governance. youth groups should allow state and non-state institutions to address social tensions emanating from traditional governance systems rather than interfering and undermining established authorities.

    “Issues of educational performances, poor health services and sanitation, substance abuse, agricultural growth, youth unemployment, and improvement in the living conditions of the good people of Northam Region should be your utmost priority” the statement further added.

     

     

     

  • Africa Oil Week’s Unabashed Attempt to Usurp Africa’s Energy Narrative Hinders the Continent’s Progress and Hurts Africans

    Africa Oil Week’s Unabashed Attempt to Usurp Africa’s Energy Narrative Hinders the Continent’s Progress and Hurts Africans

    JOHANNESBURG, South Africa, February 6, 2024/ — “AOW: Investing in African Energy” – formerly known as Africa Oil Week – has engaged in a rebranding campaign to pose as allies to Africa’s energy development. Yet this new name fails to reflect Africa or her people and is a slap in the face to the continent’s resource development strategy and vast energy needs. Look at the leadership team of Hyve Group. No Blacks and No Africans. https://apo-opa.co/4buXzyg. They need to rebrand their leadership team.

    AOW claims to heed African interests but has fundamentally and continually contradicted this. Relocating the 2021 edition of their conference from Cape Town to Dubai is one of several instances of their commitment to profits and politics over progress, hindering the advancement of an Africa-led energy narrative on African soil.

    This scheme to rebrand themselves as friends to African energy, yet dismiss oil and gas as fundamental pillars of Africa’s energy development, serves as a flagrant and overt misrepresentation campaign, designed to confuse and redefine Africa’s energy narrative using someone else’s voice. To be clear, Africa’s oil and gas industry is not just important, but imperative for the continent to make energy poverty history by 2030 – a central pillar of the African Energy Chamber’s (AECs) mission.

    This crusade against oil and gas is particularly harmful given that Africa has some of the largest hydrocarbon resources globally and is entering a new era of energy development. This year, Senegal will achieve first oil and gas from its respective Sangomar and Greater Tortue Ahmeyim LNG projects, while the Republic of the Congo awaits first cargo from its inaugural gas liquefaction plant, Congo LNG.

    After more than a decade of development, Nigeria inaugurated its Dangote oil refinery last month – the largest in Africa – and has ambitious downstream distribution and gas monetization plans. Namibia is in the midst of appraising its six offshore discoveries in the Orange Basin, while Gabon is strengthening its commercial terms to drive upstream exploration and breathe new life into existing assets.

    Now is the time to define Africa’s approach to climate justice and the energy transition, as demonstrated by the first-ever Africa Climate Summit organized last September. Greenwashing hydrocarbon development at Africa’s expense is not only incorrect but reprehensible, particularly when it undermines job creation and opportunities for African youth.

    Hyve Group/ Africa Oil Week AOW, a small London-based entity lacking local content adherence to South Africa’s Black Economic Empowerment policy and devoid of Black leadership in its upper echelons, has no business dictating the narrative of an African-first energy transition. https://apo-opa.co/4buXzyg While green energy is crucial, Africa’s energy agenda must not cower from oil and gas.

    In this regard, AOW continues to overlook the severity of energy poverty in Africa. Six hundred million people on the continent do not have access to electricity. In order to bring clean cooking, sanitation and healthcare to the more-than-half-billion Africans across the continent who live in complete darkness at night, we must be allowed to explore and drill for our natural resources and engage in the energy transition in a way that is fair and pragmatic.

    “AOW has shown time and time again that they are not willing to work with the African oil and gas industry by reneging on its promises to the people and the continent as a whole especially with their decision to go to Dubai, no Africans in their leadership, and certainly we don’t even know if they pay any taxes in Africa or comply with BEE and Local content laws.

    Mark Shashoua has done some good work with the company, I urge him today to use that same power and genius to transform the culture and leadership of Hyve Group and AOW to reflect its customer base in Africa. ” states NJ Ayuk, Executive Chairman of the AEC – the voice of Africa’s energy sector. “When it comes to recognizing oil and gas as a key pillar of Africa’s energy development, we owe it to Africa’s youth.
    “We owe it to the young Nigerians who are seeking jobs as mechanical and petroleum engineers, and to the young Ugandans awaiting first oil from EACOP. Dismissing oil and gas is a betrayal of trust and loyalty – key African values and values held true by the Chamber in its efforts to combat energy poverty and preserve resource sovereignty.” Concluded Ayuk.

    The AEC will continue to deliver on its promise to make energy poverty history by 2030 during this year’s edition of African Energy Week (AEW), which will return to Cape Town and lead the continent’s energy trajectory for the fourth consecutive year.

    AEW promotes the central role of Africa in global energy matters and prioritizes African-led dialogue and decision making. Most importantly, AEW represents the only conference on the continent representative of the entire value chain, from oil and gas to refining and petrochemicals, from renewable energy to mining.

    AOW has continued to hamper Africa’s energy goals and this rebranding strategy is clearly a ploy to distort the continent’s objectives. AOW continues to masquerade as an ally to Africa’s development and success rather than focus on what’s truly important: eradicating energy poverty. This scheme sends the wrong message and only serves to hinder the continent’s energy progress and hurt Africans.

    Distributed by APO Group on behalf of African Energy Chamber.

    SOURCE
    African Energy Chamber

  • Global Logistics Execs see coming Surge of African Investment

    Global Logistics Execs see coming Surge of African Investment

    KUWAIT CITY, Kuwait, February 6, 2024/ — Nearly 62% of global logistics professionals say their companies are planning additional or first-time investments in Africa, according to a closely watched yearly industry survey.

    The survey of 830 logistics executives is part of the 15th annual Agility Emerging Markets Logistics Index (https://apo-opa.co/4bD4lSW), a snapshot of industry sentiment and ranking of the world’s 50 leading emerging markets.

    The Index ranks countries for overall competitiveness based on their logistics strengths, business climates and digital readiness — factors that make them attractive to logistics providers, freight forwarders, air and ocean carriers, distributors and investors. In the 2024 Index, the rankings of most African economies changed little from a year earlier, but businesses indicate they are looking ahead at massive population growth and trade expansion spurred by the African Continental Free Trade Area (AfCFTA).

    “This is the most optimism we’ve seen about Africa in the 15 years of the Index,” says Agility Vice Chairman Tarek Sultan. “Africa’s population will double by 2050, when one in four people on the planet will be African. International businesses realize that the time is now for Africa — they need to invest, establish their brands, and develop the next generation of African talent if they’re going to ride the coming wave of growth.”

    China and India were 1 and 2 in the 50-country Index rankings. In Africa, Egypt (20), Morocco (22), South Africa (24) and Kenya (25) were the top performers, followed by Ghana (31), Nigeria (36), Tunisia (37), Tanzania (41), Algeria (42), Uganda (43), Ethiopia (45), Mozambique (46), Angola (47), Libya (50).

    Egypt has Africa’s highest-ranked domestic logistics opportunities — 13th in that category; South Africa (15) was tops in Africa for international logistics; Morocco (12) has Africa’s best business fundamentals; Kenya (9) is Africa’s most digitally ready – and the continent’s highest-ranked country in any category.

    More than 63% of survey respondents say their companies continue overhauling supply chains by spreading production to multiple locations or relocating it to home markets and nearby countries. China, the world’s leading producer, stands to be most affected: 37.4% of industry professionals say they plan move production/sourcing out of China or reduce investment there.

    Shipping and logistics costs that soared during the COVID pandemic and its aftermath are still climbing but at a slower rate, the survey found. One way shippers expect to cope is by increasing use of digital freight forwarding from 37.8% today to 52% in five years.

    2024 Index Highlights

    SURVEY

    • Supply chain restructuring – India, Europe and North America rank ahead of China as destinations executives expect to move production to in 2024 and onwards.
    • China – 40% expect their businesses to be less reliant on China in five years. Leading factors in decisions to de-risk in China: difficulty of doing business; U.S.-China trade friction; a slowing economy; the harshness of China’s COVID restrictions.
    • Climate change – 66% say climate change is something they’re planning for or already affecting their businesses.
    • Emerging markets – the largest percentage sees increased risk/decreased rewards in emerging markets.
    • India – many see India growing in importance as a producer and market, but cite inadequate infrastructure and corruption as the biggest obstacles there.

    COUNTRY RANKINGS

    • In the Middle East and North Africa, overall rankings were: UAE (3); Saudi Arabia (6); Qatar (7); Turkey (11); Oman (15); Bahrain (16); Jordan (17); Egypt (20); Kuwait (21); Morocco (22); Tunisia (37); Lebanon (38); Iran (40); Algeria (42); Libya (50).
    • Rankings in Sub-Saharan Africa: South Africa (24); Kenya (25); Ghana (31); Nigeria (36); Tanzania (41); Uganda (43); Ethiopia (45); Mozambique (46); Angola (47).
    • Index rankings in Asia: China (1); India (2); Malaysia (4); Indonesia (5); Vietnam (8); Thailand (10); Philippines (18); Kazakhstan (23); Sri Lanka (26); Pakistan (29); Cambodia (32); Bangladesh (33); Myanmar (49).
    • Rankings for Latin America: Mexico (9); Chile (12); Brazil (14); Uruguay (19); Peru (28); Colombia (27); Argentina (30); Ecuador (35); Paraguay (39); Bolivia (44); Venezuela (48).
    • In Europe: Russia (13); Ukraine (34).

    Transport Intelligence (https://apo-opa.co/4bp0Ijf) (Ti), a leading analysis and research firm for the logistics industry, has compiled the Index since it was launched in 2009.

    John Manners-Bell, Chief Executive of Ti, said: “Supply chain managers are still coming to terms with the political and economic instability characterising the post-COVID global economy. Geopolitical relationships are changing rapidly, and this is having a major impact on international trade and risk profiles. Businesses need to be alive to the opportunities and threats that exist in emerging markets and use data, such as that the Agility Emerging Market Logistics Index, to inform agile decision-making.”

    2024 Agility Emerging Markets Logistics Index: https://apo-opa.co/3SlOmzK

    Distributed by APO Group on behalf of Agility.
    Photo
    Credit Deposit Photo
  • African Development Bank launches historic 10.5-year inaugural USD Global Sustainable Hybrid transaction

    African Development Bank launches historic 10.5-year inaugural USD Global Sustainable Hybrid transaction

    ABIDJAN, Ivory Coast, February 1, 2024/ — The African Development Bank (www.AfDB.org), rated Aaa/AAA/AAA/AAA (Moody’s/S&P/Fitch/Japan Credit Rating, all stable) has successfully launched and priced its first Sustainable US dollar-denominated 750 million perpetual subordinated hybrid capital notes.

    On the 30th of January 2024 the African Development Bank launched a hybrid capital transaction with a coupon of 5.75% until August 2034, with a 10.5 year first call date at the Bank’s discretion. The Bank achieved a top quality and granular orderbook with over 275 investors, of which over 190 were allocated. Investor demand was very strong with a peak orderbook of over USD 6 billion.

    The largest share of the allocation was taken up by Hedge / Specialised funds (54.8%), followed by Asset Managers (27.8%), Central Banks and Official Institutions (6.7%), Pension Funds / Insurance (6.6%) and Banks / Private Banks (4.1%). Demand came mainly from the UK (51.1%), followed by EMEA (26.5%), Asia (14%) and Americas (8.4%).

    This is the first sustainable hybrid capital issuance by a multilateral development bank, marking the African Development Bank’s pioneering role in optimizing its balance sheet in line with the G20 Capital Adequacy Framework (CAF) recommendations to boost lending capacity. Hybrid capital is an innovative form of capital which increases sustainable lending capacity.

    The Bank mandated BNP Paribas and Goldman Sachs International as Joint Structuring Agents and Barclays, BNP Paris, BofA Securities and Goldman Sachs International as Joint Bookrunners to lead manage its new Perpetual Non-call (PerpNC) 10.5-year inaugural USD Global SEC-exempt Sustainable Hybrid transaction.

    African Development Bank Vice President for Finance and Chief Financial Officer Hassatou N’Sele said the move followed close monitoring of the market since the institution’s roadshow last September, to generate interest in the bond.

    “This landmark transaction was received with marked enthusiasm by a broad range of investors. It paves the way for the African Development Bank and other AAA-rated Multilateral Development Banks to further leverage their capital base and increase their support to Africa and the developing world, who are facing multiple crises and long-term development challenges, in a context of constrained development resources.”

    Omar Sefiani, Bank Group Treasurer said: “We saw tremendous interest from over 275 investors resulting in a record order book for the AfDB. The outstanding success of this transaction allows the African Development Bank to demonstrate that MDBs can tap the private investor market to supplement their capital base and therefore allow incremental sustainable lending to their clients.”

    African Development Bank celebrates a decade of ESG Bond issuances

    Monday’s transaction marks a decade of bond issuance in the Environmental, Social and Governance (ESG) space for the pan-African lender.

    The notes will be issued in a Sustainable Bond format, under the Bank’s 2023 Sustainable Bond Framework and will be leveraged through new green or social bonds. As a new component of the African Development Bank’s capital base, the Sustainable Hybrid capital will allow additional lending capacity to fund environmental and/or social projects.

    In 2013 the African Development Bank issued its inaugural green bond, listed on the Luxembourg Stock Exchange (LuxSE). It has been issuing social bonds since 2017. The new Sustainable Bond Program, established in 2023, combines and updates the previous Green Bond Program and Social Bond Program, enabling the issuance of green bonds, social bonds, and sustainability bonds. These ESG bonds contribute to the fight against climate change and reinforce socio-economic development in the Bank’s Regional Member Countries.

    On January 22, the African Development Bank launched and priced a USD 2 billion 3-year Social Global Benchmark due 25 February 2027, its first global benchmark of the year. The 3-year social bond, issued under its new Sustainable Bond Framework established in September 2023, further consolidates and enhances the Bank’s existing Green and Social Bond programs.

    For more details on the transaction click here (https://apo-opa.co/4bjpLEe).

    Distributed by APO Group on behalf of African Development Bank Group (AfDB)

  • Niger and Russia are forming military ties: 3 ways this could upset old allies

     

    1. Senior lecturer in Politics and International Relations, Leeds Beckett University

    Published: January 29, 2024 3.08pm SAST,The Conversation

    In July 2023, Niger’s military took over in a coup just two years after the country’s first transition to civilian power. The coup has brought into sharp focus the role of foreign countries in Niger’s politics.

    Before the coup, France and the US were the main security allies of Niger. But the coup leaders, led by General Abdourahamane Tchiani, were open about their antagonism to France, the country’s former colonial ruler, and ordered the French military to leave.

    Now the attention of many people in Niger has shifted to Russia.

    Since the coup, several analysts have highlighted the role of Russia. Some analysts and regional experts believe Russia might have played a role directly or indirectly in the military takeover.

    Others (including myself) argue that Russia is increasing its grip on the country and actively seeking to benefit from the coup. This was evident when Russia and Niger recently agreed to develop military ties.

    Although the details of this partnership are still sketchy, Russia promised to increase the “combat readiness” of Niger’s military. In addition, there are discussions to partner in the areas of agriculture and energy.

    I have been researching the security dynamics of the region for over a decade. The Niger junta’s romance with Russia has potential implications for peace and security in the region and beyond.

    I have identified three main potential implications for Niger and other allied countries:

    • escalation of tensions between Niger and France
    • discontent between Niger and its regional allies
    • likely disruption of a US$13 billiongas pipeline project from Nigeria to the European Union through Niger.

    Russia in the region

    After the 2023 coup, France and the regional economic bloc Ecowas threatened to use force to reinstate the deposed president.Russia warned against such a move.

    The military junta then expelled French soldiers. France responded by closing its embassy in Niger.

    The US also reduced its military and economic cooperation. Washington cut aid to the country by more than US$500 million and removed the country from its duty free export programme.

    The European Union also instituted sanctions. Niger then cancelled its security and migration agreements with the European bloc.

    Ecowas sanctioned Niger. Another major ally, Nigeria, cut electricity and instituted further sanctions.

    The sanctions, coupled with an increase in insecurity, weakened and isolated Niger.

    Rather than budge, the junta looked for alternative partners – like Russia and China. It also recently joined Mali and Burkina Faso to announce a withdrawal from Ecowas.

    For its part, Russia was positioning itself as a reliable ally. In December 2023, a Russian delegation visited Niger and in January 2024, Niger’s Prime Minister Ali Mahamane Lamine Zeine visited Moscow to discuss military and economic ties.

    Russia is no stranger to the region. Over the last three years it has set up security arrangements with the juntas running Niger’s neighbours: Mali and Burkina Faso. This has been done through the Wagner group, a private security company supported by Russia, whose operations in Africa were renamed Africa Corps in early 2024.

    Russian military advisers have been operating in Mali since 2021. In addition, the Wagner group has 400 mercenaries in the country. Russia also delivered military hardware to the country in 2022.

    Implications

    There are three main potential implications for Niger and other allied countries.

    First, a potential escalation of tensions between Niger and France. This will happen if Niger grants Russia uranium exploration rights that affect French companies with existing licences. Niger has suspended new mining licences and is currently auditing existing ones. This could affect French companies. France has vowed to protect its economic interests in Niger.

    It depends on how the partnership between Russia and Niger develops, in particular how Niger intends to pay for its share of any military cooperation. If this involves the Wagner group, as is the case in security partnerships between Russia and Burkina Faso and Mali, the issue of mining concessions will come into play. Mali and Burkina Faso have paid for Wagner’s involvement by offering mining concessions in return for arms, ammunition and mercenaries.

    Second, any security tie involving the Wagner group would create further discontent between Niger and its regional allies, especially Nigeria, Chad and Cameroon.

    Following the coup, Niger announced it was leaving the G5 Sahel, which was set up to coordinate security operations in the Sahel. This has turned attention to the country’s participation in the Multinational Joint Task Force.

    Both institutions were set up to fight insurgency in the region and Niger has been an active contributor. The other countries in the joint task force, such as Nigeria, Chad, Cameroon and Benin Republic, will be wary of working with Niger if it is in active partnership with Wagner, which is notorious for human rights abuses.

    The third likely major fallout from Russia’s involvement revolves around Niger’s relationship with the EU. The EU is currently constructing a US$13 billion gas pipeline from Nigeria to the bloc through Niger. The pipeline project was designed to reduce the EU’s dependence on Russian gas.

    Based on Russia’s animosity with the EU, I believe Russia could use the security alliance to disrupt the project in order to secure its gas delivery to the EU.

    The junta can use the pipeline project as leverage against the EU by demanding major financial concessions, putting the delivery of the project at risk and strengthening Russia’s position.

    Migration is another area of contention when it comes to the EU. Niger now allows mass illegal migration through its territory for onward journey to Europe. This will create more problems for the EU.

    The active presence of Russia in Niger could change the security and economic landscape of the region and affect all parties.

    I maintain my initial position that rather than use force, the Niger junta should be encouraged to restore democracy as soon as possible. At the same time, some of the sanctions should be lifted to encourage dialogue and reduce the influence of Russia.

    SOURCE 

    The Conversation 

    Disclaimer: Opinions expressed in the article are solly that of the author and shall not in any way be taken to mean the official position of the Eco-Enviro News,Africa magazine.

     

  • Honouring of Africa’s finest Technocrats by Inter.Interdisciplinary Innovation Centre Of Life

    Honouring of Africa’s finest Technocrats by Inter.Interdisciplinary Innovation Centre Of Life

     

    J.B. Worlanyo Nana-Atoo certificate
    H.E. Amb, J.B. Worlanyo Nana-Atoo, an Executive Chairman & President /Founder of EL-Ecojay developments Group LTD Ghana, Africa/global,has been awarded a Certificate of recognition by International Interdisciplinary Innovation Centre Of Life “Alliance of the peoples of the world”

    He is Unique, Versatile, Adaptable, and Capable of navigating Challenge with a Balance approach well rounded successful life and International Life Coach, Mentor and Public speaker in personal development.as one of the global Cooperate Business Mogul on investment on Projects financial Advisor and Management Consultant.

    Erstwhile as once a member of parliamentary Christian fellowship and Coordinating and operating through the system of AU, UN, European union Parliamentary for Federations of Global Christian Leaders on. Diplomatic peaceful Mission.

    He has a Construction Engineering background, with key leadership and strategic experience: In his role as operations director of building/Construction site and survey practice Engineering.

    He has a certificate in Drilling Rig Engineering field from good Will international group Inc USA Oil and Gas and also trained  at management and development productivity institute. Certificate (MDPI) Ghana. He is a product of world changers international leaders Training for fellowship of ministers USA.

    Recognition Certificate of the Intergovernmental Organisation

    IPAOW: International Interdisciplinary Innovation Center of Life.”Alliance of the people of the World. Russia / Israel Federation.UNASDG-IGO United Nations of Alliance Sustainable Development Goals,  Intergovernmental  organisation,UK

    He has also gained appointment as Africa Diaspora President of Oil and gas from Community Center Development Council aka: Community Center International Abuja-Nigeria.

    He is Africa representative of Grayson Range Extender power Electric Vehicles (GRE) USA,a Consultant of Ethos Asset Management USA.J&K group LLC SSP Energy system.USA.

    He is Nominated/Appointed by intergovernmental Affairs of SOAD, as Roving Ambassador for the state of Africa Diaspora of Eco 6 Six Region of Africa, USA, Caribbean, Europe, ASIA, was birthed by AU government and Recognised  by UN on development purposes .

    He is Ambassador, at large Empire of King David kingdom from Jerusalem Israel, Honorary International Media personality Certificate from John Terence media partnership with international kingdom university, Nigeria/USA.

    He is a Member of Africa-Israel initiatives branch in Ghana.an Associate partner with IMCI + alliance (division international GmbH ) LLC. Switzerland/USA and Broker/Consultant, Global finance capital, Hong Kong, Asia.

    An Astute international business Entrepreneur and Executive Chairman/President of EL-Ecojay developments Group Inc, Global Consultant. Specialist in business management Oil and Gas, Real  Estates, Commodities and Infrastructure Projects Holdings for Investment portfolio and development Services.

    Cooperate projects on investment and finance, Private Equity, JV, SPV, PPP, BOOT , EPC+Finance.for investment purposes on project seeking for funding. Private and government.eg, Africa Union and  global network for sustainable development goals. He is also an Economics Professor, Jeffrey Sachs master Class Online School. UN Advisor and global leader in Sustainable development.

    He is a good business strategist international developer who have worked with many years of experienced in Hotel and Tourism Hospitality industry, a Former Special assistant Manager of Frank David, Hotel. SSNIT Guest House, State Banqueting Hall protocol department and Golden Tulip in the earlier 90’s. He also has over 25 years of experience in Construction industries, Real Estate as Managing Director.

    He Can work under any conditions of any Climate changes of Economic and Sustainable development goal (SDG) of UN projects bringing  on board, rich leadership experience and build good and long-term relationship with Cooperate bodies Globally.

    SOURCE

    Mount Kenyan Times