Afrique Investment News

Mozambique has given the green light to an ambitious energy transition plan until 2050, aiming to attract $80 billion in investments for boosting renewable energy capacity and expanding electricity access. 🚀 President Filipe Nyusi will officially unveil the strategy on December 2 at the COP28 climate summit in Dubai, seeking international collaboration and support. As African nations gear up for COP28, the continent, despite contributing only 4% of global carbon emissions, is advocating for increased climate financing to propel renewable energy projects. Let's unite for a sustainable future! Infographic credit AJ labs 🌿 #EnergyTransition #RenewableEnergy #COP28 #Sustainability #ClimateAction #MozambiqueEnergy

Africa's history is as diverse as its landscapes, and its remaining monarchies are living testaments to a rich past. While the world evolves, these three African monarchies stand strong, offering a unique blend of tradition and modern opportunities. Let's take a closer look at them. 🇲🇦 The Kingdom of Morocco: A constitutional monarchy with a legacy dating back centuries, Morocco's Alaouite dynasty continues to shape the nation's destiny. King Mohammed VI plays a pivotal role in politics and preservation of heritage. In Morocco, investment prospects abound, from automotive and aerospace industries to renewable energy and tourism. 🇸🇿 The Kingdom of Eswatini: The last absolute monarchy in Africa, Eswatini boasts a history dating to the 17th century. King Mswati III holds significant power, offering investment opportunities in ICT, mining, agribusiness, tourism, and renewable energy. The government supports foreign investors with a range of incentives. 🇱🇸 The Kingdom of Lesotho: A constitutional monarchy with King Letsie III as its head, Lesotho's history traces back to the 19th century. While the king's role is largely ceremonial, Lesotho welcomes foreign investment in manufacturing, agribusiness, tourism, mining, and energy, offering enticing incentives. As these monarchies continue to bridge the gap between tradition and modernity, they invite you to explore their unique opportunities. Africa's rich tapestry of traditions and governance structures makes it clear that there's no one-size-fits-all model for political organization in this vibrant part of the world. 🌟 #AfricanMonarchies #InvestInAfrica #TraditionAndOpportunity #Morocco #Eswatini #Lesotho #InvestInAfrica #TraditionAndOpportunity #CulturalLegacy #HistoricalHeritage #MonarchyModernization #AfricanInvestment #RichHistory #RoyalDynasties #InvestingInMorocco #EswatiniInvestment #LesothoInvestment #AfricanTraditions #PoliticalDiversity #AfricaToday #ContinentalUnity #DiverseAfrica Full Video: https://lnkd.in/duZDibJn

Kenyan Facebook content moderators, who previously sued Meta over working conditions and pay, are accusing the company of insincere negotiations for an out-of-court settlement. The moderators, employed through subcontractor Sama, claim that Meta has not genuinely engaged in talks and are now seeking contempt of court proceedings. The moderators, who screened content in multiple languages for Facebook, allege exposure to disturbing content for low pay and insufficient psychological support. Meta and Sama argue that mediation was progressing well until the moderators' lawyer raised objections. The case represents the first known legal challenge against Facebook outside the U.S. A hearing on contempt of court is set for October 31. #metaunsincerenegotiations #kenyanmoderatorrights #facebooklawsuit #workersrights #sama #digitalwellbeing

Sony Group Corporation announced that it has established "Sony Innovation Fund: Africa" as an initiative to support the growth of the entertainment businesses in Africa. The "Sony Innovation Fund: Africa" has been established to invest in seed to early-stage start-ups in the entertainment industry in Africa, including start-ups in the gaming, music, movie and content distribution sectors. Sony initially allocated US$10 million towards such investments. Since its inception, the Sony Innovation Fund has supported the growth of its portfolio companies by providing opportunities for collaboration, ranging from the provision of Sony-owned technologies to joint development and business alliances. With the "Sony Innovation Fund: Africa," Sony will continue to make value-added investments, and potential expansion of this activity will be considered based on its progress. #sony #sonyinnovationfun #investinafrica #movieindustryinafrica #movieindustry #musicindustryinafrica #musicindustry #gamingindustryinafrica #gamingindustry #techindustry

#nelsonmandela #africanleaders #africanwisdom #africaspotential

It’s one of the most iconic images of Africa, the migration of over 1.5 million wildebeest across the Serengeti to the Masai Mara in Kenya in search of fresh grazing and water, the largest annual movement of animals globally. On 16th Oct 2023, it was named Africa’s Leading National Park at the World Travel Awards for the fifth time in a row. #serengetinationalpark #safarisinafrica #bestnationalparkinafrica #wildlife #wildlifephotography #exploremore #optoutside #africa #safari

Did you know that the global chocolate industry is worth over a hundred billion dollars annually? Africa plays a pivotal role as the largest producer and exporter of cacao beans, accounting for about 80% of worldwide production. However, several challenges loom over this sweet success: 1. Low farmgate prices: In October 2022, Ghana and Ivory Coast took a stand, boycotting a key Cocoa Meeting in Brussels to demand better pay for their cocoa farmers. 2. Climate change: The erratic weather patterns caused by climate change pose a serious threat to cocoa production in Africa, impacting yields and bean quality. 3. Child labor: The industry faces the grim issue of child labor, rooted in poverty, lack of education, and cultural norms. To tackle these issues head-on, we need a multi-pronged approach: 1. Increase farmgate prices through fair trade and other initiatives 2. Help farmers adapt to climate change with training and technology 3. Address the root causes of child labor, including poverty and education Together, these measures can foster a more sustainable and equitable cocoa industry. Ivory Coast, Ghana, Nigeria, Cameroon, and Togo lead the way in cocoa production. With a current cocoa shortage driving prices up, West African nations have a unique chance to strengthen their cocoa sector and negotiate better terms with global corporations. Strategies to consider include supply management, price premiums, and value addition. #africannews #agribusiness #investinafrica #topcocoaproducers #cocoa, #cocoachallenges #africancacao #farmersfirst #cocoaforchange #fairtradecocoa #climateresilientfarming #childlaborawareness #globalchocolateindustry #africancocoainitiative #cocoapricereform #cocoaforgood #cocoafuture #westafricancocoa #cocoaeconomy #cocoaproducers #sustainableagribusiness #cocoasolutions #cocoaharvest #cocoacommunity Full Video: https://lnkd.in/d-STwzUH

#haileselassie #africanleaders #africanwisdom #africaspotential

Exploring the transformative power of technology across diverse sectors in Africa: 1️⃣ Fintech: Revolutionizing finance, fostering financial inclusion, and driving economic progress. Mobile money, digital lending, insurtech, and paytech are reshaping Africa's financial landscape, making services accessible, cost-effective, and innovative. 2️⃣ Cleantech: A catalyst for job creation, economic growth, and environmental sustainability. From renewable energy to waste management, Cleantech attracts investments, reduces pollution, and bolsters climate resilience. 3️⃣ Agritech: Empowering farmers with advanced tools, improving yields, reducing costs, and contributing to food security. Agritech generates employment, aligns with sustainable development goals, and opens new markets. 4️⃣ Healthcare: Technological advancements enhance patient care, streamline operations, and increase accessibility through telemedicine. Electronic health records, wearable devices, and AI are reshaping Africa's healthcare landscape. 5️⃣ Education: EdTech transforms teaching and learning with flipped classrooms, adaptive learning software, and collaborative platforms. Integrating technology effectively enhances education outcomes. 6️⃣ E-Government: Boosting government efficiency, reducing costs, and increasing transparency. Online systems simplify tax filing, passport applications, and birth/death registrations, fostering citizen engagement and economic growth. The continent's tech landscape is ripe for innovation and growth. Investors support can catalyze development, improve lives, and yield substantial returns on investment. Full Video: https://lnkd.in/dQc-Vput #techinafrica #africaninnovation #fintechrevolution #cleantechimpact #agritechadvances #healthtechafrica #edtechtransformation #egovernmentefficiency #emergingtechafrica #investinafrica #transformativetech #sustainabledevelopment #aiinafrica #mlapplications #blockchaininnovation #africanstartups #techinvestment #digitaltransformation #innovateforafrica #futureoftechafrica

Cocoa shipments to ports in Côte d'Ivoire are projected to decline by 28.5% year-on-year during the initial quarter of the 2023/2024 season. This downturn is attributed to unpredictable weather conditions, as reported by cocoa growers, exporters, and pod counters. #cocoafarming #cocoa #cotedivoire #farminginafrica