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Africa's transformation must be driven by entrepreneurial action, says Emmanuel Katto

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Africa's transformation must be driven by entrepreneurial action, says Emmanuel Katto

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Emmanuel Katto stresses the importance of government support in creating an enabling environment for entrepreneurship. He calls on African governments to implement policies that are conducive to business growth, promote access to finance, and reduce bureaucratic red tape. Additionally, he emphasizes the need for investments in education and skills development to equip young Africans with the knowledge and capabilities required to excel in the entrepreneurial ecosystem.

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Amazon and SA Harvest serve a plateful of kindness to combat hunger in Cape Town

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Amazon and SA Harvest serve a plateful of kindness to combat hunger in Cape Town

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Cape Town – Following the global celebration of World Kindness Day, Amazon Web Services staff embraced the ethos of kindness in a vibrant culinary collaboration alongside the V&A Waterfront, Makers Landing and SA Harvest, the food rescue and hunger relief organisation that has delivered almost 50 million meals in the four years since its launch.

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Cape Town - Following the global celebration of World Kindness Day, Amazon Web Services staff embraced the ethos of kindness in a vibrant culinary collaboration alongside the V&A Waterfront, Makers Landing and SA Harvest, the food rescue and hunger relief organisation that has delivered almost 50 million meals in the four years since its launch. This heartwarming partnership extended its reach to 14 beneficiary organisations, creating a collective force against hunger and giving the remarkable women from these organisations a morning filled with cooking activities and the opportunity to learn about reducing food waste alongside the compassionate Amazon team.

This impactful initiative brought together 25 Amazon team members and the 14 women from SA Harvest and V&A Waterfront's beneficiary organisations. These dedicated individuals worked hand in hand, using rescued food and following recipes provided by Shannon Smuts from Pure Foods. The event offered a unique opportunity to witness firsthand the collective commitment to rescuing and redistributing food to those in need.

Alan Browde, CEO and founder of SA Harvest, expressed his excitement about this unique collaboration, "In the spirit of World Kindness Day, we were thrilled to partner with the V&A Waterfront and Amazon. This event is an example, on a very small scale, of the impact that can be made on alleviating hunger and food insecurity in Cape Town through collaboration."

The morning unfolded at Makers Landing at the V&A Waterfront, where a tapestry of kindness was woven through the hands of those eager to make a difference. Amazon team members, embodying the spirit of kindness, cooked side by side with the unsung heroines from the beneficiary organisations, guided by the belief that kindness has the power to transform. Akim Riemer of Green Guerrillas shared fascinating insights on urban agriculture, soil farming and waste stabilisation, the magical healing power of soil-blind tasting micro-greens, and a green juice demonstration and tasting.

The participating beneficiary organisations included Living Hope, Eyardini Community Development, Aurora, CBD Helping Hands, Nonkululeko Nutritional Centre, Milnerton Outreach, Projects for People, Eleanor Murray Residence, Restoring Hope, Grow SA students with community kitchens, 123 Movement, and the Laeeq Toffar Foundation.

This collaborative act of kindness wouldn't be possible without the generous contributions of Cape Deli, Dutchess Non-Alcoholic Gin, Nomu, Cape Tea Co, Valota Farming, The Spice Route Paarl, Sir Fruit, V&A Waterfront, Makers Landing, Pure Foods, Bidfood Cape Town, Cape Mushroom, Dish Food, Funky Ouma, Incubate Video, The Bread Bar, Den Anker Restaurant, Urchin Art and The Pause Room.

"This culinary collaboration is a testament to the enduring power of kindness, illustrating that, together, we can nourish not just bodies but the soul of a city," comments Rejeanne Vlietman of Den Anker at the V&A Waterfront and Grow SA.

For more information on SA Harvest, go to www.saharvest.org .

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Amazon and SA Harvest serve a plateful of kindness to combat hunger in Cape Town - The Home Of Great South African News

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Cape Town - Following the global celebration of World Kindness Day, Amazon Web Services staff embraced the ethos of kindness in a vibrant culinary collaboration alongside the V&A Waterfront, Makers Landing and SA Harvest, the food rescue and hunger relief organisation that has delivered almost 50 million meals in the four years since its launch.

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Harambee, V&A Waterfront Partnership Boosts Youth Employment in Cape Town’s Tourism Sector

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Harambee, V&A Waterfront Partnership Boosts Youth Employment in Cape Town’s Tourism Sector

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As Cape Town gears up for what’s anticipated to be one of the busiest tourist seasons in recent years, Harambee Youth Employment Accelerator has partnered with one of the city’s biggest attractions, the V&A Waterfront, to boost youth employment opportunities within the tourism sector.

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As the city's tourism season kicks off, local hotspots increase youth employment

5 December 2023 - Cape Town - As Cape Town gears up for what's anticipated to be one of the busiest tourist seasons in recent years, Harambee Youth Employment Accelerator has partnered with one of the city's biggest attractions, the V&A Waterfront, to boost youth employment opportunities within the tourism sector.

Over the past 18 months, this partnership has successfully placed over 600 young people in 53 different businesses within the shopping and leisure complex. Key employers include Pick 'n Pay, First Rand, H&M, and Life and Brand Portfolio, which runs several restaurants.

Brett Wilks, Project Lead at Harambee, emphasises the sector's inclusivity: "Tourism is the magic rising tide that lifts all boats and acts as a catalyst for widespread economic growth. As a tourist attraction, the V&A Waterfront draws a diverse clientele, which presents a unique opportunity to employ young people across various career paths, regardless of their prior experience or skills."

According to data from Wesgro, the trade and investment promotion agency for Cape Town and the Western Cape, more than 605,000 foreign visitors injected R24.3 billion into the provincial economy last year, supporting 10,600 jobs. These numbers are expected to be substantially higher in 2023 as international arrivals have already exceeded pre-pandemic levels in the first six months of the year.

Time Out Market, a recent addition to the V&A's tenants, exemplifies this initiative's impact, employing twenty-three previously unemployed young people. These positions were filled through SA Youth a zero-cost digital platform that connects work-seekers to employers. Over four million young work-seekers are currently registered on the platform, alongside almost 1,000 employer partner organisations.

Besides job placement, candidates at the Time Out Market underwent an intensive work readiness programme through a collaboration between Solve@Waterfront, Harambee, and Passion4Performance. This programme is designed to impart essential soft skills necessary for the hospitality industry.

Richard Jooste, Operations Manager at Time Out Market, says he's been impressed with the candidates sourced through SA Youth "We've already requested an additional 20 young people because of how well the previous group went. Our objective is to train these new recruits to develop a skilled talent pool, readily available for deployment at any moment," he says, reflecting optimism for the continued partnership with Harambee and the V&A Waterfront.

Twenty-one-year-old Phumzile from Dunoon dreams about opening a traditional South African restaurant someday. She's currently studying hospitality and catering at West Coast College. She is now employed as a runner but says on quieter days she gets to train in other departments and is keen on improving her bartending skills.

"This opportunity has really changed my life. Financially, I am now making my own money and will be able to move into my own place soon. I'm really growing."

Twenty-two-year-old Zinhle from Khayelitsha, who helps out at one of the Market's bars, says she really enjoys being part of a team. "The Market is extremely busy but I'm managing because of the support I get from my fellow Harambee students, we really have each other's backs."

Wilks further states, "Through our partnership with the V&A Waterfront we aim to create 1,000 jobs and collaborate with 100 V&A tenants, using this premier tourism destination as a springboard for job growth."

Looking ahead, this partnership aims to create approximately 50,000 opportunities over the next decade. Harambee also plans on collaborating with other tourist assets across Cape Town as part of its commitment to fostering more inclusive youth accessibility to economic opportunities.

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Harambee, V&A Waterfront Partnership Boosts Youth Employment in Cape Town's Tourism Sector - The Home Of Great South African News

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As Cape Town gears up for what's anticipated to be one of the busiest tourist seasons in recent years, Harambee Youth Employment Accelerator has partnered with one of the city's biggest attractions, the V&A Waterfront, to boost youth employment opportunities within the tourism sector.

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Emmanuel Katto Develops Innovative Solutions for Mining in Africa

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Emmanuel Katto Develops Innovative Solutions for Mining in Africa

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Mining in Africa has always been a double-edged sword. On one hand, it offers tremendous potential for economic growth, employment opportunities, and infrastructure development. On the other hand, it has also been associated with numerous challenges including environmental degradation, exploitation, and corruption. However, amidst these complexities, forward-thinking individuals like Emmanuel Katto are leading the charge for change and introducing innovative solutions to revolutionize the mining industry in Africa.

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By Our Reporter

Despite being praised for its abundant mineral resources, mining in Africa faces several difficult issues that can obstruct sustainable development and put investors, communities, and the environment in danger. Emmanuel Katto, Uganda based businessman, visionary supporter of ethical African mineral mining methods, provides creative ways to reduce these hazards and maximize the potential of Africa's mining industry.

The African mining industry has the potential to significantly boost job creation, infrastructural development, and economic growth. It is not without difficulties, though. Deforestation, soil erosion, and water pollution are only a few of the negative environmental repercussions of numerous mining activities. As per Emka (Emmanuel Katto) these environmental effects may have long-term repercussions, upend nearby communities, and damage ecosystems.

The growth of mining ventures may result in the uprooting of nearby villages, causing social unrest and economic upheavals. There is frequently insufficient compensation and resettlement attempts, which results in discontent among the community. Workers' health and safety are at stake during mining activities. Inadequate safety protocols, hazardous material exposure, and unsafe working conditions can cause accidents and health issues for miners.

Many African nations have inconsistent and occasionally ambiguous legislation, which can cause problems with compliance and legal conflicts between governments, local people, and mining firms. In certain situations, irreversible resource depletion can result from inadequate resource management. For sustainability to last throughout time, resource management must be done correctly.

The innovative ideas of Emmanuel Katto center on ethical and sustainable mining methods that are advantageous to all parties involved. Among the important remedies he offers to lessen the difficulties associated with mining in Africa are:

Environmental Stewardship: Emmanuel Katto stresses the significance of handling the environment with care. He exhorts mining firms to use efficient waste management techniques, restore mining sites, and embrace environmentally friendly methods. Environmental effects can be reduced by using the newest technology for eco-friendly mining, such as water recycling and dry tailings management.

Community participation: Emmanuel Katto promotes significant community participation because she understands that residents are crucial participants in the mining process. In addition to sharing the advantages of mining with communities, mining corporations should actively participate in decision-making processes and support local development by implementing programs in the areas of infrastructure, healthcare, and education.

Occupational Health and Safety: Protecting employees' health and safety is of utmost importance. Katto suggests giving mine workers frequent training, strict respect to safety regulations, and the provision of essential safety gear. Strong safety cultures in mining organizations can lower accident rates and safeguard employees' health.

Regulatory Frameworks: According to Katto, the establishment of distinct and uniform regulatory frameworks is mostly the responsibility of African countries. A strong regulatory framework must include accountability, transparency, and efficient enforcement. These frameworks ought to cover topics like community involvement, land rights, and environmental preservation.

Resource Management: To prevent mining operations from depleting priceless resources, sustainable resource management is essential. Katto advocates for optimal approaches to resource management, which encompass conscientious extraction, effective resource utilization, and recycling whenever feasible.

Katto also stresses the significance of solid alliances between international organizations, governments, mining firms, and local people. These collaborations can help with technological transfer, knowledge exchange, and capacity building. Through partnerships with international authorities on ethical mining, African countries may surmount obstacles and advance sustainable growth.

Emmanuel Katto, Uganda based businessman approaches innovative ideas to resolve the problems associated with African mineral mining demonstrate his dedication to ethical and sustainable mining methods. African countries may realize the full potential of their mineral resources by implementing these solutions, which also safeguard workers' safety and well-being, empower local communities, and provide clear regulatory frameworks. By putting these safeguards in place, mining may help Africa's economy and society flourish, which will be advantageous to all parties involved. Katto's message is very clear: when mining is done responsibly and sustainably, there are significant rewards to be gained, but there are also challenges that must be overcome.

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Emmanuel Katto Addresses the Complex Challenges of Mining in Africa with Innovative Solutions - BigEye.UG

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Despite being praised for its abundant mineral resources, mining in Africa faces several difficult issues that can obstruct sustainable development and put investors, communities, and the environment in danger.

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Refugees use plants to fight malaria & climate change in Uganda

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Refugees use plants to fight malaria & climate change in Uganda

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Refugees in Uganda are involved in a scheme to plant shrubs and trees to help local communities fight malaria and restore environments hit by climate change.

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Refugees use plants to fight malaria & climate change in Uganda

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Refugees in Uganda are involved in a scheme to plant shrubs and trees to help local communities fight malaria.

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Inspired by Marvel’s Mythical ‘Wakanda’, Ugandan Village is Built on Shea Butter and Solar Power

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Inspired by Marvel’s Mythical ‘Wakanda’, Ugandan Village is Built on Shea Butter and Solar Power

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An intentional community in rural Uganda is drawing on green technology, local resources, and old-school philosophy to create a thriving village. Okere Mom-Kok was destroyed during the Ugandan Civil War in the 1980s, but is now being rebuilt into a sustainable community that’s home to 4,000 people.

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An intentional community in rural Uganda is drawing on green technology, local resources, and old-school philosophy to create a thriving village.

Okere Mom-Kok was destroyed during the Ugandan Civil War in the 1980s, but is now being rebuilt into a sustainable community that's home to 4,000 people.

Okere City is based around sustainable principles like renewable energy and the sustainable harvesting of natural resources.

The village has a clinic, church, school, a nightclub that doubles as a community center, markets, bars, and a bank. Electricity generated through solar energy is available to everyone, and clean water-thanks to modern borehole methods-keeps the all-too-normal cholera outbreaks in the region at bay.

An expert in international development and graduate of the London School of Economics, Ojok Okello started the project with a $54,000 investment from his own pocket. The village of Okere Mom-Kok was where he had some extended family, and it was during a visit that he decided to put what he learned in university to action.

"I don't want this project to be at the mercy of some white people," Okello told The Guardian, explaining how he had seen many NGO-funded projects on the continent fail by not involving the very communities they were helping.

"I want us to have business conversations with partners. I want us to be responsible for shaping the destiny and the future of the project."

"Shea could be our Vibranium"

While the Okere City project might conjure images of an equitable utopia, there's a lot of business and banking knowledge that Mr. Okello utilized to ensure the community could survive and grow.

All businesses in the town pay for themselves-for example, the school allows pupils to pay up to half their tuition in sugar, beans, firewood, or other commodities, while the clinic has flexible installment-billing policies. An Okere City investment club runs a sort of credit union by taking members' dues and offering them as loans to those in the community who need them-often to develop local resources.
MORE: One Way To Help Endangered Chimpanzees? Uganda is Planting 3 Million Trees
Once the loans are repaid, the money is loaned out again, a style of banking locals describe as uniquely African.
RELATED: Traps That Once Snared Uganda's Wildlife Are Turned into Intricate Art With 'Snares to Wares' CHECK OUT: Designer Works to Erect First Modern Village to Generate its Own Electricity-and Food-in 100% Sustainable Loop Build Up Some Positivity By Sharing The Good News With Your Friends On Social Media...
However, the defining fiscal characteristic of Okere City is its shea trees.

"I looked at [the shea tree] and realized that we have this important natural resource and we were not harnessing it," Okello told The Guardian. "And I thought about [Marvel Cinema's] Wakanda and Black Panther, they had vibranium, this shea tree could be our vibranium."

"So I am like: 'Damn, I'm going to invest everything within my means to tap this resource, to protect [it], and to use it to emancipate my community."

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Inspired by Marvel's Mythical 'Wakanda', Ugandan Village is Built on Shea Butter and Solar Power

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An intentional community in rural Uganda is drawing on green technology, local resources, and old-school philosophy to create a thriving village. Okere Mom-Kok was destroyed during the Ugandan Civil War in the 1980s, but is now being rebuilt into a sustainable community that's home to 4,000 people.

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Emmanuel Katto charts the path from a resource-rich to a prosperous continent using Africa's mineral wealth

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Emmanuel Katto charts the path from a resource-rich to a prosperous continent using Africa's mineral wealth

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Emmanuel Katto emphasizes that good governance and well-defined policy frameworks are essential for transforming Africa's mineral wealth into a driver of economic growth. Governments need to create an enabling environment that attracts investment, promotes transparency, and encourages responsible extraction practices.

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Africa, often celebrated as a continent rich in natural resources, paradoxically carries the tag of being one of the world's poorest regions. While the continent boasts an abundance of mineral wealth, it faces multifaceted challenges that have hindered its economic growth and development. Emmanuel Katto, Uganda based visionary businessman and an advocate of a sustainable resource management and wealth distribution, for African Mineral mines to transform Africa from a resource-rich to the richest continent on the globe.

African mineral wealth is undeniable, with vast reserves of precious metals, gemstones, and minerals that are in high demand globally. These resources, if harnessed responsibly and inclusively, hold the potential to drive Africa's economic prosperity and social development. However, a range of challenges have stood in the way, from governance issues to insufficient infrastructure and technology, as well as economic disparities.

Emmanuel Katto recognizes that a sustainable solution to transform Africa's fortunes begins with transparent and accountable governance. Many African nations have struggled with issues related to resource mismanagement, corruption, and a lack of effective regulatory frameworks. Katto advocates for a comprehensive approach that includes the establishment of transparent and accountable governance structures and the development of effective regulatory frameworks. By doing so, African nations can ensure that resource revenues are used to benefit their citizens, rather than enrich a select few.

Infrastructure development is another critical facet of Africa's transformation. Insufficient infrastructure, such as transportation, energy, and telecommunications, has impeded the mining and processing of minerals. Emmanuel Katto emphasizes the importance of investing in infrastructure projects that facilitate the extraction and processing of mineral resources. By building the necessary infrastructure, African countries can unlock the true economic potential of their mineral wealth and create jobs and economic opportunities.

Moreover, technology plays a pivotal role in transforming Africa into the richest continent. Leveraging modern technologies can enhance the efficiency of resource extraction, processing, and value addition. Katto suggests investing in research and development to create innovative solutions that can increase the value of mineral exports and create new industries in Africa. These initiatives can lead to a higher share of revenues remaining within the continent, driving economic growth.

A critical challenge facing many African nations is the lack of capacity to manage and regulate their mineral resources effectively. Emmanuel Katto recommends enhancing the skills and knowledge of local professionals in the mining and mineral processing industries. By developing a skilled workforce, Africa can reduce its reliance on foreign experts and improve the efficiency of resource management.

Empowering local communities to participate in and benefit from mineral wealth is a cornerstone of Katto's vision. He advocates for community-based initiatives that ensure local populations have a stake in resource extraction and receive a fair share of the benefits. By involving communities in decision-making and revenue-sharing arrangements, Africa can address social and economic disparities and promote sustainable development.
In line with Katto's vision, strategic partnerships with international investors and organizations can facilitate the responsible extraction and processing of mineral resources. By collaborating with global players, African nations can access technical expertise, financing, and markets, leading to a win-win situation for all parties involved.

Emmanuel Katto also encourages diversification of the economy beyond mineral resources. While mineral wealth is an asset, overreliance on a single sector can lead to economic vulnerability. Katto proposes investing in other sectors, such as agriculture, manufacturing, and technology, to create a well-rounded and resilient economy.
Emmanuel Katto's visionary approach to transforming Africa from a resource-rich to the richest continent is rooted in transparent governance, infrastructure development, technology utilization, capacity building, community empowerment, and diversification of the economy. By addressing these challenges and adopting a sustainable and inclusive approach to resource management, Africa has the potential to unlock its true economic potential and become a prosperous continent that benefits all of its citizens. Katto's message is clear: Africa's mineral wealth is an asset, but it's true value can only be realized through responsible and inclusive development.
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Unlocking Africa's Mineral Wealth: Emmanuel Katto Charts the Path from Resource-Rich to Prosperous Continent

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Africa, often celebrated as a continent rich in natural resources, paradoxically carries the tag of being one of the world's

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Uganda’s economy set to grow 6.5% in 2024/25 -finance minister

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Uganda’s economy set to grow 6.5% in 2024/25 -finance minister

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Uganda’s economy is likely to grow by 6.5% in the 2024/25 financial year, its finance minister said on Thursday, accelerating slightly from expected growth in the current year and driven by the industrial, services and agriculture sectors.

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Uganda's economy set to grow 6.5% in 2024/25 -finance minister

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KAMPALA, Sept 14 (Reuters) - Uganda's economy is likely to grow by 6.5% in the 2024/25 financial year, its finance minister said on Thursday, accelerating slightly from expected growth in the current year and driven by the industrial, services and agriculture sectors. The government forecasts the economy will grow 6% in the 2023/24 financial year which ends [...]

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Govt eyeing partnerships with private sector to spur digital growth

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Govt eyeing partnerships with private sector to spur digital growth

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Refusing other communities to graze or water their animals in ‘your’ area would trigger retaliation when fortunes turned and you had drought while they had plenty

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Govt eyeing partnerships with private sector to spur digital growth

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Uganda is eyeing collaborations with the private sector to accelerate its ambitious digital transformation plan before 2040

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Emmanuel Katto Suggested Strategies on African Mineral Mines for Global Leadership

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Emmanuel Katto Suggested Strategies on African Mineral Mines for Global Leadership

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Emmanuel Katto shares his views that Africa needs to adopt a more holistic approach to mineral resource management, focusing on value addition, beneficiation, and local content development. According to Katto, this approach will not only create more jobs and wealth for Africans but also reduce the continent's dependence on exporting raw materials at low prices.

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Africa boasts an array of minerals, like gold, diamonds, cobalt, copper and many others. However, the continent has often struggled to harness its resources for sustainable development, job opportunities and overall economic growth. Emmanuel strongly believes that it is time for African nations to act and change this prevailing perception.

The foundation of Katto's approach is responsible and transparent mineral governance. He underlines that transparent and truthful administration of mineral resources, from extraction to export, must be given top priority by African countries. The strategies offered by Emmanuel Katto gives African mineral mines guarantees that the money obtained from mineral extraction serves the general populace in addition to preventing corruption. A crucial step in doing this might be the implementation of effective regulatory and reporting processes.

Katto supports the creation of sovereign wealth funds as a means of promoting transparent governance. A percentage of mineral revenue may be directed toward long-term projects like infrastructure development, healthcare, and education with the help of these funds. African countries may protect their riches for future generations by setting up these funds and ensuring that it is invested in initiatives that promote sustainable development.

Emmanuel Katto emphasizes the significance of ethical mining methods as well. Mining operations must follow social and environmental guidelines that minimize harm to the environment and promote goodwill among the local populace. African nations may safeguard their natural resources and improve their standing internationally by making responsible mining a top priority.

Katto also exhorts African countries to use innovation and technology in the mining industry. They can increase mineral production while lessening their negative effects on the environment by investing in cutting-edge mining technologies and investigating more effective extraction techniques. Additionally, this strategy may provide doors for career advancement and skill development in the technology industry.
Development of infrastructure is yet another important tactic that Katto suggests. Enough energy, communication, and transportation infrastructure are essential for enabling the export of completed goods and mineral resources to international markets. African countries may increase the competitiveness and investor appeal of their mining industries by making investments in these areas.

Katto also stresses the need for strategic alliances and cooperation with major international companies in the mining industry. Working with seasoned mining firms allows African governments to take use of their resources and knowledge, guaranteeing ethical mining methods and optimizing earnings.
Katto suggests that governments streamline regulatory procedures and foster an atmosphere that is conducive to business in order to draw in investment. They may promote economic growth and employment creation in the mineral sector by providing incentives and cutting red tape to attract both domestic and international enterprises to invest in the industry.

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Emmanuel Katto is a leader in the field because of his heavy investment in Africa's natural resources. Katto's methods are prepared to harness Africa's mineral potential because they promote transparent government, sovereign wealth funds, responsible mining, technical innovation, infrastructure development, collaborations, and investor-friendly legislation. Not only is his vision theoretical, but it also serves as a call to action for African countries to reconsider how they handle their mineral riches to make these priceless resources become engines of wealth and global leadership.

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Emmanuel Katto Proposes Strategies for Leveraging African Mineral Mines to Propel Africa as a Global Leader

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Africa boasts an array of minerals, like gold, diamonds, cobalt, copper and many others. However, the continent has often struggled to harness its resources for sustainable development, job...

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Uganda sets out new net zero energy plan to meet key economic, social and climate goals

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Uganda sets out new net zero energy plan to meet key economic, social and climate goals

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The analysis does not just look at Uganda in isolation but considers how global trends are influencing and opening up new opportunities, notably driven by rapidly evolving clean technology costs and shifts in energy and climate finance. Particular focus is paid to making use of the country’s considerable energy and mineral resources, and parlaying this into economic development for Uganda, a core pillar to ensure the pathway in the ETP is a just and inclusive one.

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Read the report

The analysis does not just look at Uganda in isolation but considers how global trends are influencing and opening up new opportunities, notably driven by rapidly evolving clean technology costs and shifts in energy and climate finance. Particular focus is paid to making use of the country's considerable energy and mineral resources, and parlaying this into economic development for Uganda, a core pillar to ensure the pathway in the ETP is a just and inclusive one.

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Uganda sets out new net zero energy plan to meet key economic, social and climate goals - News - IEA

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Uganda sets out new net zero energy plan to meet key economic, social and climate goals - News from the International Energy Agency

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Uganda female entrepreneurs need better access to affordable capital

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Uganda female entrepreneurs need better access to affordable capital

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Improving women’s economic empowerment will involve bringing more women into small and medium enterprises (SMEs).

Government has been successful at helping women start small businesses, particularly microenterprises, through initiatives such as the government’s Uganda Women Entrepreneurship Program (UWEP).

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Improving women's economic empowerment will involve bringing more women into small and medium enterprises (SMEs).

Government has been successful at helping women start small businesses, particularly microenterprises, through initiatives such as the government's Uganda Women Entrepreneurship Program (UWEP).

However, more female entrepreneurs need to move into the larger business space, to empower them to drive Uganda's economic recovery and industrialization.

The National Association of Women of Uganda (NAWOU) has therefore called for Uganda's policy and laws to better support women in their human capital, employment, and entrepreneurial aspirations.

The enforcement of policies is required to enable policy and related programs to have impact on the ground.

Jennifer Aguti Ajiji executive director NAWOU expressed worry about the high numbers of girls who are on massive flights seeking unskilled jobs in the Middle East. "These girls are a potential market for the financial services industry. They make upfront payments to be able to travel abroad. Why can't they invest such funds here at home," Ajiji noted.

Consequently, Ajiji noted that household farming is now predominantly in the hands of women who are now aging.

Ajiji (centre) with other guests looking at products made by women at Protea Hotel Marriot, Kampala. (Photo by John Odyek)
On Thursday 22nd November 2023, NAWOU with the support of the Norwegian based Forum for Women and Development (FOKUS) held a one-day national stakeholders conference entitled: 'Putting Women at the centre of Uganda's Economic growth'. The function took place at Protea Hotel Marriot, Kampala.

Ajji applauded the Government and the ministry of gender, labour and social development in supporting vulnerable women.

She raised concern that when a woman starts a kiosk they are likely to remain in it without growth. "Women entrepreneurs are likely to employ more women and therefore create jobs for them. Men fear to employ girls for fear that they will get pregnant and be away on maternity leave. We need policies that will deal with constraints and discrimination against women," Ajiji added.

She indicated that for Uganda to attain meaningful development deep gender lenses should be applied in policies and development programs.

"Women are not getting contracts to supply food in districts. There are procurement technicalities that lock out women from getting contracts. District officials may eat in nearby restaurants operated by women. But when functions take place at the district the women are locked out from supplying food," Ajiji explained.

Theodore Bitature Webale president of the board of NAWOU commended the progress made in women empowerment. But there are still many challenges to overcome, Webale underlined.

Webale expressed hope that there are bright prospects to pursue for women. In that respect many women are breaking barriers which have multiplier effects on their families.

She mentioned that women have reproductive functions and this should not be used against them at work.

"Women should not feel embarrassed about their reproductive role. If women do not produce children what will happen to Uganda's economy," Webale asked.

"The economic empowerment of women is a matter of social justice, When women are empowered they invest in their families which creates a ripple effect for the development of the economy.

"Women need mentorship and resources that can lead to increased productivity and resilience. The economic empowerment of women is a journey that needs collective effort," Webale emphasised.

Rita Musoke the chairperson Merisa Beverages said they are training women to make soap, juice, wine, grow vegetables, and produce various products. Musoke appealed for more funding to enable them to train more entrepreneurs.

Monica Nantume programme officer NAWOU said many women run informal businesses. "Participation of women in value chains is mostly confined to segments that require lower access to financing, technologies and skills," Natume said.

She noted that there limited donor funds to support women programs given the diverse challenges women business groups face. She petitioned for the provision of market information to women groups, post- harvest handling skills, peer to peer exchange, access to long term and cheap credit.

Annet Kabarungi acting commissioner gender and women affairs ministry of gender, labour and social development said women lack basic financial information and other information necessary to run businesses.

Kabarungi asked for the support of NGOs and CSOs to reach out to communities due to their limited funding and resources of the government.

Irene Muwanguzi the national coordinator Parish Development Model said majority of women are in subsistence.

"Women need a special hand to pull them out of shyness. Business is not easy. Social capital is important to support marginalized women. It helps women be in groups, enterprise-based groups," Muwanguzi said.

Dr Joyce Tamale chief executive officer Capital Solutions Ltd noted that women are still facing the same problems and pain they faced many years ago.

Tamale suggested that holistic programs be put in place to help female entrepreneurs move from one level to the next.

Mariam Nalogwa the certification officer at the Uganda National Bureau of Standards said they help women groups to meet standards.

Nalwoga said that business is not easy. She added that women business owners have to meet requirements of standards as everyone wants quality and safety. They also have to meet tax obligations.

NAWOU with the support of FOKUS are implementing phase III of the women at work project in Luwero and Mubende districts.

The program seeks to achieve gender equality, empower women and girls through contributing towards realization of their economic rights.

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uwepuganda female entrepreneurs need better access to affordable capital<p>government has been successful at helping women start small businesses

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through initiatives such as the government's uganda women entrepreneurship program (uwep).</p>

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Uganda female entrepreneurs need better access to affordable capital

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Government has been successful at helping women start small businesses, particularly microenterprises, through initiatives such as the government's Uganda Women Entrepreneurship Program (UWEP).

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Emmanuel Katto's vision for protecting coffee farming during climate change

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Emmanuel Katto's vision for protecting coffee farming during climate change

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Emmanuel Katto spearheaded innovative initiatives aimed at helping coffee farmers adapt to climate change. One such initiative is the "Climate-Smart Agriculture" program, which focuses on implementing resilient agricultural practices. This includes the careful selection and cultivation of coffee varieties that are more resistant to pests, diseases, and harsh climatic conditions.

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Climate change: Emmanuel Katto’s vision to protect coffee farming

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A vision of the mining sector in a continent undergoing transformation by Emmanuel Katto

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A vision of the mining sector in a continent undergoing transformation by Emmanuel Katto

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The mining sector, a crucial industry for harnessing these resources, has historically faced challenges such as lack of infrastructure, corruption, and opaque regulations. In the midst of these obstacles, Emmanuel Katto, a prominent figure in Africa's mining industry, presents a compelling vision for Africa's mining sector, one that emphasizes transparency, sustainability, and local community empowerment.

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Africa poised for unprecedented mining boom

BUSINESS INTERVIEW | THE INDEPENDENT | Africa is poised to experience an unparalleled mining boom that will unleash its immense potential and completely transform the continent's economic terrain. Leading the push is the visionary Ugandan businessman Emmanuel Katto, who has expressed his deep hope and insight into the upcoming revolution of the African mining industry.

"Africa has long been known for its abundant mineral resources, which include gold, diamonds, copper, cobalt, and many other precious minerals. But a lot of the time, these resources have been underused or exported as raw materials, which has resulted in a lost chance for the economic growth of the continent," Katto said.

However, Emmanuel Katto believes a fresh day is approaching.

"Numerous causes, such as the increased demand for minerals globally, technical developments, better legal frameworks, and the emergence of ethical mining methods, are responsible for this renaissance," he explained..

The rising demand for minerals on a worldwide scale is one of the major factors fueling Africa's mining boom.

"The global shift towards sustainable and eco-friendly technology has led to a rise in demand for minerals like cobalt, which is essential for batteries, and rare earth elements, which are used in electronics and renewable energy. African countries are in a good position to provide this expanding need," the businessman who is into mining said.

Emmanuel Katto highlights the need for the mining industry in Africa to evolve from a basic provider of raw materials to a center for downstream industries and value addition. This entails using minerals processed domestically to produce final goods and so take a bigger chunk of the value chain. African nations may boost their economies, generate income, and promote industrial development by investing in domestic processing plants.

Adopting ethical mining methods is also essential to Katto's mission. When mining is done properly, it may coexist with preservation of the environment and residents' welfare. To make sure that mining operations have a good effect on both people and the environment, he exhorts governments and mining firms to promote moral and sustainable practices.

Moreover, Emmanuel Katto believes that technology and creativity will play a major role in the upcoming mining boom. He promotes the application of contemporary technology in the mining industry to increase productivity, lessen its negative effects on the environment, and improve safety. Automation, data analytics, and artificial intelligence may transform the sector and increase its competitiveness globally.

Katto also emphasizes how crucial it is to build infrastructure in order to sustain the expansion of the mining industry. Efficient movement of raw resources and completed goods to international markets necessitates adequate energy supplies, communication infrastructure, and transportation. Infrastructure spending promotes overall economic growth in addition to helping the mining sector.

According to Emmanuel Katto, the reform of the African mining industry would entail cordial connections between local populations, mining firms, and governments. He promotes community involvement and strong regulatory frameworks to guarantee that mining operations are advantageous to all parties involved.

Emka as he is commonly referred to as, a brilliant Ugandan businessman, is leading the charge in this revolution across. Africa is poised for an unparalleled mining boom. To guarantee that Africa's natural wealth acts as a catalyst for economic development and prosperity, his vision spans responsible mining methods, value addition, innovation, infrastructure development, and cooperation. Africa has a real chance to become a mining powerhouse on a global scale because to the mining renaissance.

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Emmanuel Katto's vision for a continent on the cusp of transformation in mining sector

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Africa poised for unprecedented mining boom BUSINESS INTERVIEW | THE INDEPENDENT | Africa is poised to experience an unparalleled mining boom that will unleash its immense potential and completely transform the continent's economic terrain. Leading the push is the visionary Ugandan businessman Emmanuel Katto, who has expressed his deep hope and insight into the upcoming ...

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Rhodes University first institution to launch community engagement journal in Africa

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Rhodes University first institution to launch community engagement journal in Africa

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In a momentous virtual gathering, the Rhodes University community witnessed the launch of the first online open issue of the African Journal of Higher Education Community Engagement (AJHECE). The event, spearheaded by Ms Di Hornby, Director of Rhodes University Community Engagement, showcased a collaborative effort to bring forth a publication dedicated to advancing community-driven education.

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By Nizole Qete

In a momentous virtual gathering, the Rhodes University community witnessed the launch of the first online open issue of the African Journal of Higher Education Community Engagement (AJHECE). The event, spearheaded by Ms Di Hornby, Director of Rhodes University Community Engagement, showcased a collaborative effort to bring forth a publication dedicated to advancing community-driven education.

Hornby stated, "It's really an exciting day for us in the community engagement sector as we birth a baby that has taken a lot to grow."

Key figures within the academic community, including the Chairman and Members of the South African Higher Education Community Engagement Forum (SAHECEF), were acknowledged for their instrumental roles in positioning community engagement as a core function of higher education institutions. The diverse and global nature of the Editorial Advisory Board was highlighted, showcasing a collaborative effort that spans across India, Uganda, Argentina, Canada, the United States, Zambia, and South Africa. Special appreciation was directed to Emeritus Professor Peter Clayton, former Rhodes University Deputy Vice Chancellor, for his unwavering support, without whom the journal might not have come to fruition.

University leadership, including Vice-Chancellor Professor Sizwe Mabizela and Deputy Vice-Chancellor Professor 'Mabokang Monnapula-Mapesela, shared profound insights into the transformative potential of the AJHECE. Professor Mabizela emphasised the paramount role of the journal in fostering a social purpose within universities. He stressed the importance of drawing lessons from successful and unsuccessful initiatives, signalling a commitment to learning and adaptability.

Highlighting Rhodes University's dedication, Professor Mabizela articulated, "This will contribute an important voice and perspective, informed by our local context and shaped by how it fits into the global scholarship and debate on community engagement." His words underscored the University's commitment to locally responsive, highly engaged knowledge, aiming to create a just and sustainable society.

Professor Monnapula-Mapesela echoed these sentiments, stating, "Today we are making history for Rhodes University. For South Africa, and Africa. We are building a community of engaged scholars in knowledge sharing, amplifying their voices, and initiating scholarly work."

She highlighted the significance of launching the first African Journal of Higher Education, dedicated to the corpus of knowledge on community engagement. Reflecting on the historical context, Professor Monnapula-Mapesela noted the long journey to officially recognise community engagement as one of the three important pillars of education in South Africa.

She emphasised the milestone reached by Rhodes University in breaking the record as the first institution to launch a journal dedicated to community engagement in Africa. Professor Monnapula-Mapesela underscored the transformative role of the journal in deconstructing the ivory tower ideology that has distanced universities from their localities. She highlighted that the journal would elevate and give prominence to community engagement and scholarship, emphasising its importance in teaching, learning, and research within local contexts.

Dr Margie Maistry, the Editor-in-Chief of the AJHECE, outlined the journal's key objectives. The primary aim is to contribute to building a body of knowledge for community engagement in Africa. The journal seeks to publish diverse aspects of community engagement, emphasising research and practice, impacting teaching and learning. The objectives include fostering international dialogue, amplifying African voices, and combating side-lining alternative knowledge paradigms. AJHECE aims to grow community engagement as a discipline, contributing to community development's social, cultural, psychological, spiritual, and political dimensions.

Furthermore, the journal intends to embed community engagement in all university activities, promoting collaborative research methodologies. It aims to provide a platform for discourse on community engagement and the scholarship of engagement, fostering connections between the Global South and North. Additionally, AJHECE adopts a developmental approach, supporting young authors and editorial board members. Dr Maistry highlighted the tagline "educating for life and a living," emphasising the role of community engagement in preparing students for life's challenges in a fast changing, uncertain and complexed world.

The event's culmination was the official unveiling of AJHECE by Mr Van der Walt, Head of Technical Services at Rhodes Library. Participants were encouraged to explore the journal's website, submit manuscripts, and engage actively with its rich content.

Rhodes University's launch of the first online open issue of AJHECE heralds a new era in academic discourse, emphasising the pivotal role of community engagement in higher education. As the digital pages of the journal come to life, they symbolise a commitment to collaborative scholarship that transcends geographical boundaries, providing a platform for diverse voices to contribute to the discourse on higher education's role in community engagement.

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Rhodes University first institution to launch community engagement journal in Africa

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In a momentous virtual gathering, the Rhodes University community witnessed the launch of the first online open issue of the African Journal of Higher Education Community Engagement (AJHECE). The event, spearheaded by Ms Di Hornby, Director of Rhodes University Community Engagement, showcased a collaborative effort to bring forth a publication dedicated to advancing community-driven education.

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Latest energy and power news headlines | Week 46 of 2023 - ESI-Africa.com

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Latest energy and power news headlines | Week 46 of 2023 - ESI-Africa.com

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Watch the latest news highlights with ESI Africa content specialist Nasi Hako and catch up on energy and power news from around Africa.

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Watch the latest news highlights with ESI Africa content specialist Nasi Hako and catch up on energy and power news from around Africa.

For more information on the stories, click on the links below:

To stay up to date with Africa's energy and power news, make sure to like, comment and subscribe to ESI Africa 's social media pages.

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Latest energy and power news headlines | Week 46 of 2023 - ESI-Africa.com

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Watch the latest news highlights with ESI Africa content specialist Nasi Hako and catch up on energy and power news from around Africa.

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An extraordinary journey of Emka, the rally legend turned business tycoon

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An extraordinary journey of Emka, the rally legend turned business tycoon

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Emka's extraordinary journey from rally legend to business tycoon stands as an inspiration for generations to come. His story demonstrates the power of persistence, resilience, and the ability to forge your own path without relying on traditional pointers. The extraordinary achievements of Emmanuel Katto remind us that it is never too late to embark on a new adventure, challenge societal norms, and create a legacy that transcends boundaries.

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From rally legend to business tycoon: Emka's extraordinary journey

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From Ugandan roots to global philanthropy, the inspiring story of Emmanuel Katto..

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TechCabal Daily – Nigeria to launch stablecoin

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TechCabal Daily – Nigeria to launch stablecoin

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Happy pre-Friday ☀️

Headlines are coming back to X (Twitter) soon.

In November 2023, X CEO removed headlines from link cards because he thought it would make X look better, and while X did look cleaner, it also meant people couldn't distinguish between link cards and images. The billionaire quickly learned that not all that glitters is gold, and reversed the decision after a month.

Now, the new link cards-which will carry headlines in the bottom-left corner of feature images-are finally rolling out on Android, and will be available else everywhere soon.

Nigeria to launch stablecoin later this month

Image source: TechCabal

Crypto transactions are back in Nigeria but with stricter rules and new twists.

Nigeria's Central Bank, on December 22, removed a two-year restriction on crypto transactions in the country. The apex bank had previously blocked crypto transactions in 2021, citing money laundering and terrorism financing concerns.

Now, the apex bank has new ideas.

What ideas? Aside from introducing stricter KYC rules for crypto transactions, which stakeholders say is a good place to start, CBN has asked Nigerian banks and other stakeholders-First Bank, Access Bank, Sterling Bank, and Providus Bank-to develop a stablecoin, a cryptocurrency pegged to the naira's value. The stablecoin will be launched later this month.

A stablecoin? Just like popular stablecoins Tether (USDT) and the USD Coin (USDC), Nigeria's new stablecoin token, cNGN, is a digital currency that will carry the same value as the fiat currency, Naira. 1 cNGN equals one naira (₦1).

While Nigerians can expect cross-border transactions through the new token, only time will tell if cNGN can navigate the rough waters that swallowed the eNaira, Nigeria's embattled central bank digital currency (CBDC).

Another failed crypto project? The eNaira was launched with much fanfare in October 2021 and was touted to be an alternative to the Naira. However, the project has been rocked by low adoption rates.

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Egypt and Ethiopia join BRICS

Egyptian President Abdel Fattah al-Sisi and Ethiopian Prime Minister Abiy Ahmed in July 2023. Image Source: Reuters

BRICS has more building blocks.

The group of emerging markets nations has welcomed five new nations-Saudi Arabia, Iran, the United Arab Emirates, Ethiopia, and Egypt-to join its crew starting January 1.

This expansion comes as part of the invitation extended by the current BRICS members-Brazil, Russia, India, China, and South Africa-to six other nations in August.

Why the move? Founded in 2009, BRICS brings together some of the world's biggest emerging economies, offering a platform for collaboration and economic influence. With these new members, the group gains enhanced cooperation and coordination among the BRICS nations, fostering economic and diplomatic ties on a global scale.

Notably, the sixth country, Argentina, was the only nation to decline the invitation, with President Javier Milei reversing his predecessor's membership bid after assuming office this month. Looking ahead, the expansion process will continue with the new members sending officials to a sherpa meeting scheduled in Moscow on January 30.

Side bar: A sherpa meeting is a preparatory gathering where senior officials from member countries discuss and iron out the details of upcoming summits and other major initiatives.

Thirty nations reportedly express interest in forming connections with the group. Per Bloomberg, Nigerian minister of foreign affairs Yusuf Tuggar has expressed the country's interest in joining the other three African countries-Ethiopia, Egypt, and South Africa-who are part of BRICS, within the next two years.

Sunil Taldar appointed as Airtel Africa CEO

L-R: Sunil Taldar, Segun Ogunsanya. Image Source: Innovation Village

Airtel Africa has a new CEO.

The telecommunications company has announced Sunil Taldar as the new CEO of Airtel Africa who will succeed the retiring Segun Ogunsanya from July 1, 2024.

Taldar, who joined Airtel Africa in October 2023 as Director for Transformation, will work alongside Ogunsanya for a smooth handover. Ogunsanya will also be available to advise the Chairman, CEO and the Airtel Africa board for 12 months.

Ogunsanya who Joined Airtel Africa in 2012, has a remarkable career spanning over 12 years at the telecom company and played a pivotal role in leading the company's Nigerian operations and mobile money division. Post-retirement, Ogunsanya will assume the role of Chairman for the Airtel Africa Charitable Foundation. This newly established foundation, operating independently of the Airtel Africa Group, aims to accelerate the company's commitment to sustainability initiatives and charitable operations in Africa.

Zoom out: With 15 years experience as a member of various management boards including Bharti Airtel, where he was Director of Market Operations, Cadbury China and Mondelez India and Indonesia, Taldar is expected to drive further growth and development for the Group which recorded a $151 million loss in the first quarter of 2023 caused by the devaluation of the naira in June. The company rebounded in October and disclosed a revenue growth of 19.7%.

Starlink debuts direct-to-cell service

Image source: Starlink

Elon Musk's Space X is redefining global mobile communication dynamics.

The satellite company has launched six Starlink satellites with direct-to-cell capability to eliminate mobile dead zones. This means mobile phones can connect directly to the satellite, skipping the need for traditional cell towers. Instead of connecting to a nearby cell tower, your phone communicates directly with Starlink satellites orbiting in space.

This makes it possible for mobile connectivity to work in remote areas and other places where traditional networks reach poorly or not at all.

No need to ditch your phone: Users won't need to upgrade their phones as the service is designed to seamlessly integrate with existing 4G-enabled devices. Musk also clarified that Starlink's satellite service is not positioned to compete with traditional terrestrial mobile networks, as the satellites only support 7 MB per satellite beam.

According to Starlink, the satellites will offer basic texting this year and will expand to voice, data, and Internet of Things (IoT) by 2025.

Zoom out: During the initial testing phase of the direct-to-smartphone service, SpaceX's Starlink will utilise the cellular spectrum provided by its U.S. mobile partner, T-Mobile. SpaceX has also partnered with mobile operators in Australia, Canada, Chile, Japan, New Zealand, and Switzerland.

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T-vencubator: An Egyptian VC firm-incubator hybrid

GIF source: Tenor

There is a new kid on the block.

T-vencubator, a new Egypt-based VC firm has launched operations to invest in local startups that are using technology to solve everyday problems in the country.

A VC firm + an Incubator: T-vencubator offers a unique blend of an incubator and venture capital model. Arming startups with support and funds, the firm will offer startups with go-to-market mastery to help them navigate the Egyptian market and also act as the financial muscle they need to grow.

Startups in Egypt received $607 million in funding last year. T-vencubator will add to the list of venture capital investing top dollar in local startups in the country. Per the CEO Reem Safy, the firm will invest in exceptional talents shaping Egypt's future.

Zoom out: Egypt's new VC firm comes at a time when investors are employing controlled measures in investment. The VC firm's birth also occurs at a time when VC firms globally are reeling in from the impact of increased interest rates and a shuttered public offering market which has affected returns. With the funding winter pushing VC firms to take piercing looks at the sustainability of the ventures they invest in, could T-vencubator's model be the right approach?

The World Wide Web3

Source:

Coin Name

Current Value

Day

Month

Bitcoin

$45,375

- 4.75%

+ 8.58%

Ether

$2,221

- 5.92%

+ 2.85%

Sei

$0.84

+ 12.18%

+ 210.02%

Solana

$98.69

- 8.75%

+ 95.06%

* Data as of 19:25 PM WAT, January 3, 2024.

Effortlessly make global settlements in over 30 currencies across 120+ countries spanning four continents, delivering cost-effective and reliable solutions to your clients, suppliers, and customers. Get started today.

Deji Alli ARM Young Talent Award (DAAYTA) 2024 for Innovative Nigerian startups (₦12,000,000 in funding) is open for applications. DAAYTA is an ARM initiative, in partnership with TechnoVision's TVC Labs, that aims at providing young Nigerians with an opportunity to develop innovative startup ventures that add economic value to Nigeria. Apply by January 16.

Applications are open for the World Press Photo Contest 2024 for Photographers Worldwide (5,000 euros cash prize). The Contest recognises and celebrates the best photojournalism and documentary photography produced over the last year, selected by an international independent jury. Apply by January 11, 2024.

Applications are open for the Mastercard Foundations Scholars Program 2023/2024 at the Carnegie Melon University Africa. The programme provides generous financial, social, and academic support for students whose talents and promise exceed their financial resources. Apply by January 15, 2024.

Applications are open for the Next Generation Social Sciences in Africa: Doctoral Dissertation Research fellowship 2024 (up to $15,000). The Social Science Research Council offers fellowships to support the completion of doctoral degrees and to promote next-generation social science research in Ghana, Kenya, Nigeria, South Africa, Tanzania and Uganda. The fellowships support dissertation research on peace, security, and development topics. Apply by February 11, 2024.

What else is happening in tech?

Want more of TechCabal? Sign up for our insightful newsletters on the business and economy of tech in Africa.

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P:S If you're often missing TC Daily in your inbox, check your Promotions folder and move any edition of TC Daily from "Promotions" to your "Main" or "Primary" folder and TC Daily will always come to you.

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👨🏿‍🚀TechCabal Daily - Nigeria to launch stablecoin | TechCabal

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The CBN has asked Nigerian banks and other stakeholders-First Bank, Access Bank, Sterling Bank, and Providus Bank-to develop a stablecoin, a cryptocurrency pegged to the naira's value. The cNGN will launch later this month. More in #TCDaily.

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East Africa’s top 5 economic powerhouses revealed 

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East Africa’s top 5 economic powerhouses revealed 

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East Africa has boomed into a dynamic economic region over the past decade. It will experience accelerated economic growth to 5.1% in 2023 and 5.8% in 2024 according to the East Africa Economic Outlook 2023 report, and attract significant investments in infrastructure, tech, and tourism.

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East Africa has boomed into a dynamic economic region over the past decade. It will experience accelerated economic growth to 5.1% in 2023 and 5.8% in 2024 according to the East Africa Economic Outlook 2023 report, and attract significant investments in infrastructure, tech, and tourism.

From Kenya's fertile lands to Rwanda's tech prowess, these diverse nations form the backbone of East Africa's economic development, driving the region's engine and showcasing its immense potential. With a young and tech-savvy population, East Africa looks poised for continued economic dominance on the global stage.

According to the East Africa Venture Capital Association (EAVCA) report "Kenya has traditionally taken the lion's share of all deals in the region, accounting for 69% of all transactions in the period while Uganda accounted for 12%, Tanzania and Ethiopia 6% each and Rwanda 5%. The remainder were multi-country deals. Kenya's dominance of the private capital markets is also naturally reflected in the deal values with the country accounting for 74% of the total disclosed deal value whilst Uganda and Ethiopia accounted for 8% and 7%, respectively. 5% of all flows went to Rwanda with the rest being multi-country transactions".

These 5 economies are driving East Africa's economic growth, according to the East Africa Venture Capital Association(EAVCA)
Kenya
Kenya, often considered the economic powerhouse of East Africa, aptly nicknamed the "Silicon Savannah," has consistently attracted the lion's share of investments in the region. Between 2013 and 2023, Kenya accounted for a staggering 69% of the total investments in East Africa. This can be attributed to its diversified economy, which includes agriculture, services, and a burgeoning technology sector. Nairobi, the capital city, has become a hub for innovation and finance, drawing investors seeking opportunities in the growing East African market.

Uganda

Uganda, with a 12% share of investments during the same period, showcases a steady economic growth trajectory. The country's strategic location and natural resources contribute to its appeal to investors. Key sectors like agriculture, tourism, and financial services have been pivotal in driving Uganda's economic development.

Tanzania

Tanzania, with its 6% share, boasts a diverse economy supported by agriculture, infrastructure, mining, and tourism. Dar es Salaam, the largest city, serves as a major economic and financial center. Tanzania's strategic location on the East African coast and its stable political environment contribute to its attractiveness to investors. Economic reforms have further fueled Tanzania's economic growth.

Ethiopia

Ethiopia has emerged as a rising economic force in East Africa, accounting for 6% of the total investments. The country's focus on industrialization and infrastructure development has garnered significant attention from international investors. Political instability and currency regulations have impeded investments, but its prospects for growth remain robust.

Rwanda

Rwanda, the smallest on the list with 5% of investments, punches above its weight with its tech-savvy approach. Kigali, the capital, has transformed into a clean, tech-driven city, attracting investors in IT and green technology. Rwanda's focus on good governance and ease of doing business further bolsters its appeal.
East Africa's Challenges
While East Africa's economic prospects are excellent, the region is confronted with several issues that necessitate creative solutions. Infrastructure deficiencies, bureaucratic roadblocks, and political uncertainty all challenge long-term economic progress. Furthermore, the impact of climate change on agriculture, a significant economic driver for many East African countries, requires innovative approaches for adaptation and resilience. Socioeconomic inequality, access to decent education, and healthcare are other critical issues that regional governments are eager to solve. A precise balance of legislative reforms, international cooperation, and targeted investments is required to navigate these issues.

Government Strategies for Economic Growth

East African governments are well aware of the obstacles to economic advancement and have implemented ambitious growth programs. Initiatives span from large-scale infrastructure development to the promotion of vital industries like technology, agriculture, and manufacturing. Furthermore, regulatory measures aiming at streamlining corporate processes and boosting the ease of doing business have been put in place to attract both domestic and foreign investment.

The Power of Collaboration

Beyond individual country narratives, East Africa's economic growth is fueled by regional collaboration. The East African Community (EAC), comprising six member states, fosters cross-border trade, infrastructure development, and joint investment projects. This spirit of cooperation creates a larger market, attracting bigger investments and promoting regional development.

Investing in East Africa

While East Africa's economic future is bright, investors must maintain a cautious optimism. Political instability, currency fluctuations, and infrastructure challenges remain hurdles. However, the region's immense potential, driven by a young and tech-savvy population, a diversifying economy, and a spirit of collaboration, makes it a compelling investment proposition.

In the face of adversity, East Africa's economic trajectory is one of tenacity, adaptation, and forward-thinking ideas. As governments work to reduce socioeconomic disparities, improve infrastructure, and promote innovation, the region is becoming a more appealing destination for investors looking for unexplored potential. Understanding East Africa's economic dynamics, difficulties, and government plans provides a more nuanced perspective on the region's rise and potential to become a worldwide economic powerhouse.

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East Africa's top 5 economic powerhouses revealed - Businessday NG

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East Africa has boomed into a dynamic economic region over the past decade. It will experience accelerated economic growth to 5.1% in...

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According to Emmanuel Katto, Africa should leverage its mineral resources

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According to Emmanuel Katto, Africa should leverage its mineral resources

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Emmanuel Katto is dedicated to promoting transparent and accountable mineral governance in African nations. His emphasis on open and honest management of mineral resources highlights the need to prevent corruption and ensure that the public benefits from these valuable resources.

Read the full news here https://news.knowledia.com/US/en/articles/africa-as-a-global-leader-emmanuel-katto-desires-africa-to-leverage-85a03db6f4e9a2d465200d3d203a9e0aee7247c0

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Wetangula re-elected African representative for Commonwealth speakers

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Wetangula re-elected African representative for Commonwealth speakers

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National Assembly Speaker Moses Wetangula has been re-elected as the representative of the Africa bloc in the standing committee of the Conference of Speakers and Presiding Officers of the Commonwealth (CSPOC).

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By Edward Chweya

National Assembly Speaker Moses Wetangula has been re-elected as the representative of the Africa bloc in the standing committee of the Conference of Speakers and Presiding Officers of the Commonwealth (CSPOC).

In a conference held in Kampala, Uganda, Wetangula was appointed by consensus to serve the second term as one of the three representatives in the CSPOC Standing Committee.

The other two are the Speaker of Ghana and the Speaker of the Kingdom of Eswatini.

During the meeting, Wetangula gave a keynote speech, touching on matters climate change which he said are dear to him.

The Speaker said it is critically important to safe guard natural resources for a proper eco-system existence in a natural manner.

"As parliaments, we have the power of legislation. Our parliaments therefore need to keep pace with the fast-transforming world where the philosophy of green competition is gaining traction and is going to determine growth and development of the future", Wetangula said.

Also in attendance were his Senate counterpart Amason Kingi.

The Speaker of Uganda automatically remained the Chair for the reason of having hosted the conference as stipulated in the rules of CSPOC that the host Speaker remains a member of the Standing Committee for institutional memory.

The conference was presided over by Uganda President Yoweri Museveni.

The Standing Committee of the CSPOC is mandated to propose draft agenda for discussion in the next conference, review standing rules and consider financial matters of CSPOC, and decide dates, venues and procedures for the next conference.

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Wetangula re-elected African representative for Commonwealth speakers

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National Assembly Speaker Moses Wetangula has been re-elected as the representative of the Africa bloc in the standing committee of the Conference of Speakers and Presiding Officers of the Commonwealth (CSPOC).

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To Uplift Africa's Status, Emmanuel Katto Envisions a Renewable Energy Revolution

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To Uplift Africa's Status, Emmanuel Katto Envisions a Renewable Energy Revolution

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Emmanuel Katto also known as Emka stands out for his unwavering commitment to promoting economic growth and sustainable development in Africa. He firmly believes that harnessing renewable energy is the key to addressing pressing energy challenges while propelling the continent to greater global recognition.

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Emmanuel Katto Envisions a Renewable Energy Revolution to Uplift Africa’s Status

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Renewable energy is a source of hope for Africa, not just a problem, asserts Emmanuel Katto Uganda’s businessman

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Africa’s top smartphone seller Transsion is the world’s fastest growing phone maker

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Africa’s top smartphone seller Transsion is the world’s fastest growing phone maker

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Transsion, the top smartphone seller in Africa, posted the highest annual growth in smartphone shipments in 2023 of the top five phone makers in the world.

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Africa is Transssion's largest market, accounting for 57% of its sales volume in the second quarter of 2023, according to Counterpoint, a research firm in Hong Kong. Africa was the main reason Transsion broke into the top five of the world's phone makers for the first time last year, according to IDC. Transsion brands Tecno, Infinix and Itel accounted for the largest share of the 19.6 million smartphones shipped to Africa in the second quarter of 2023.

But while Africa dominates its total sales, Transsion has made inroads in other markets, growing 35% in Latin America, Eastern Europe, India and Southeast Asia in the second quarter of 2023, per Counterpoint.

Though it does its manufacturing in Shenzhen, Transsion remains largely unknown in China where Honor, another Shenzhen-based maker formerly owned by Huawei, is king.

After setting up its first Africa assembly factory in Addis Ababa in 2011, Transsion eclipsed Samsung as the continent's top smartphone seller in 2017. Its tactics have been described as "a textbook case of superior marketing and understanding consumers' needs," such as marketing dual SIM card phones and camera phones better calibrated for darker skin tones.

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Africa's top smartphone seller Transsion is the world's fastest growing phone maker | Semafor

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China's Transsion is the fastest growing Top 5 smartphone maker in the world - thanks to Africa.

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The African Development Bank plans to invest USD 10.5 million in the capital of Seedstars Africa Ventures to boost investment in innovative businesses

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The African Development Bank plans to invest USD 10.5 million in the capital of Seedstars Africa Ventures to boost investment in innovative businesses

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The Board of Directors of the African Development Bank (AfDB) agreed on Wednesday that the Bank should take a stake of USD 10.50 million in the capital of Seedstars Africa Ventures S.L.P. venture capital fund to enable it to invest in innovative African businesses with strong growth potential.

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Emmanuel Katto discusses the UK government's success story in halving inflation

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Emmanuel Katto discusses the UK government's success story in halving inflation

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Renowned economist Emmanuel Katto, discusses the success story of the UK government in halving inflation can largely be attributed to the strategic policies implemented by Chancellor Rishi Sunak.

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Museveni: Uganda’s Economic Outlook Is Very Optimistic

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Museveni: Uganda’s Economic Outlook Is Very Optimistic

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President Yoweri Kaguta Museveni has assured Ugandans that the country’s economy is continuing to expand despite the effects of climate change on agriculture and infrastructure by the floods, the conflict in Eastern Europe, which led to a rise in the prices of some strategic commodities such as oil as well as the recent rise in interest rates globally.

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Museveni: Uganda’s Economic Outlook Is Very Optimistic

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President Yoweri Kaguta Museveni has assured Ugandans that the country’s economy is continuing to expand despite the effects of climate change on agriculture and infrastructure by the floods, the conflict in Eastern Europe, which led to a rise in the prices of some strategic commodities such as oil as well as the recent rise in …

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Uganda's economy set to rebound in 2024 after a slowdown in 2023

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Uganda's economy set to rebound in 2024 after a slowdown in 2023

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Uganda's economy is expected to pick up in 2024, following a slowdown in 2023. According to a recent report, the country's real GDP growth is forecasted to reach 5.8% in 2024, after falling to 4.6% in 2023. This report highlights the sectors that are expected to drive this growth and the potential risks to this outlook.

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One of the main drivers of growth is strong fixed investment. The development of Uganda's oil sector continues to underpin investment growth, with projects such as the $10 billion Lake Albert Oil Project and the $4 billion East Africa Crude Oil Pipeline attracting significant investment inflows.

This will see fixed investment contribute 2.2 percentage points (pp) to headline growth in 2024, marginally below the 2.5pp contribution expected in 2023. This is expected to keep demand for imported capital inputs elevated, leading to a real import growth of 9.2% in 2024.

However, the outlook for exports is brighter, the report noted.

"Our Agribusiness team forecasts that coffee production - which made up 24.0% of Uganda's exports in 2022 - will grow by 5.3% in 2024, up from 4.8% in 2023," Fitch stated.

This will be supported by improving yields, the expected maturation of coffee trees, and strong government incentives (via the National Coffee Policy). In all, this will underpin real export growth of 5.2% and see net exports' drag on headline growth narrow from 4.1pp in 2023 to 2.1pp in 2024.

Moreover, the outlook for domestic consumption is also positive. Private consumption is expected to grow by 6.4% in 2024, contributing 5.6pp to real GDP growth. This growth is expected to be supported by lower inflation and the pass-through effects of monetary easing.

The Bank of Uganda cut its policy rate by 50 basis points (bps) to 9.50% in August 2023, and further loosening is expected this year, taking the policy rate to 8.50% by year-end. This is expected to provide some tailwinds to credit demand over the coming months.

However, there are risks to this outlook. One of the major risks is the suspension of Uganda's eligibility under the Africa Growth & Opportunity Act (AGOA). The United States announced this decision in October 2023, which could weigh on exports in 2024, although Uganda is less exposed to the US market than others in the East African Community.

Moreover, should the shilling weaken beyond expectations, this would add upside pressure to import costs, keep inflation higher for longer, and disincentivize further monetary easing.

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Uganda's economy set to rebound in 2024 after a slowdown in 2023

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According to a recent report, the countrys real GDP growth is forecasted to reach 5.8% in 2024, after falling to 4.6% in 2023. | Business Insider Africa

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Deviantart | Emmanuel Katto Founder Of Emka Foundation

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Deviantart | Emmanuel Katto Founder Of Emka Foundation

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Emka Foundation is an exceptional organization that is making a significant difference in the lives of underprivileged children in Uganda. Founded by Emmanuel Katto, a renowned rally driver, this non-profit organization is dedicated to providing basic necessities such as food, medicine, and education to children who may not have access to them.

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Emmanuel Katto Founder of Emka Foundation by arnoldmukasa on DeviantArt

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Shop Upgrade to Core Get Core Join Log In Deviation Upload your creations for people to see, favourite, and share. We got your back. Learn more arnoldmukasa on DeviantArt https://www.deviantart.com/arnoldmukasa/art/Emmanuel-Katto-Founder-of-Emka-Foundation-1002144433 arnoldmukasa Deviation Actions PLEASE contribute to my "tip jar" gallery. For only $1 you can have unlimited access and even options considered for AI plus much much more.

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Bright Prospects: Mapping The Growth Trajectory Of Uganda’s Solar Industry In 2024

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Bright Prospects: Mapping The Growth Trajectory Of Uganda’s Solar Industry In 2024

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In recent years, the solar industry in Uganda has been steadily on the rise, powered by the country’s abundant sunshine and a growing commitment to renewable energy sources.

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Uganda: Museveni plays down Washington's exclusion of his country from a trade deal | Africanews

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Uganda: Museveni plays down Washington's exclusion of his country from a trade deal | Africanews

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Ugandan President Yoweri Museveni said on Sunday that the United States was "overestimating" its importance after Washington announced that it was withdrawing Uganda from a major trade agreement because of human rights violations.

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Ugandan President Yoweri Museveni said on Sunday that the United States was "overestimating" its importance after Washington announced that it was withdrawing Uganda from a major trade agreement because of human rights violations.
Last week, Washington announced that Uganda, along with the Central African Republic, Gabon and Niger, would be excluded from the list of sub-Saharan African countries benefiting from the African Growth and Opportunity Act (AGOA) from January 2024.

The African Growth and Opportunity Act, which dates back to 2000, allows African countries to export a wide range of products to the United States duty-free. This preferential trade treatment is, however, subject to a series of conditions in terms of political pluralism, respect for human rights and the rule of law, and the fight against corruption.

In a letter to Congress, US President Joe Biden accused the Ugandan government of human rights violations, which has been the focus of fierce criticism from human rights groups, the UN and Western countries since the adoption in May of a law dubbed the "Anti-Homosexuality Act 2023".

But Yoweri Museveni told Ugandans on Sunday "not to be too worried about the recent actions of the US government to discourage their companies from investing in Uganda and the removal of Uganda from the AGOA list".

"Some of these actors in the Western world overestimate themselves and underestimate the freedom fighters in Africa", he continued on X (ex-Twitter).

"In Uganda, we can succeed in our growth and our transformation objectives, even if some players do not support us", the President said. One of his senior advisers, Odrek Rwabwogo, said on Wednesday that the government remained open to discussions with Washington, but felt that this exclusion would hurt "Ugandan farmers and small business owners".

"Even if Ugandan trade via AGOA was insignificant, the growth of our exports to the United States and other partners was an important pillar of our economic strategy", stressed Odrek Rwabwogo.

As soon as the "anti-homosexuality law" was passed, Joe Biden called for its immediate repeal and threatened to reduce US aid and investment in Uganda.

The law provides for heavy penalties for people who have homosexual relations or "promote" homosexuality. In August, the World Bank announced the suspension of new loans to Uganda.

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Uganda: Museveni plays down Washington's exclusion of his country from a trade deal | Africanews

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Ugandan President Yoweri Museveni said on Sunday that the United States was "overestimating" its importance after Washington announced that it was withdrawing Uganda from a major trade agreement because of human rights violations.

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Uganda president claims Africa can grow without Western aid amid removal from US trade agreement

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Uganda president claims Africa can grow without Western aid amid removal from US trade agreement

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Ugandan President Yoweri Museveni on Sunday advised Ugandans not to be overly concerned about US President Joe Biden removing Uganda from the African Growth and Opportunity Act (AGOA). He stated that Africa has the capacity to grow without Western aid and that Western actors overestimate themselves.

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Ugandan President Yoweri Museveni on Sunday advised Ugandans not to be overly concerned about US President Joe Biden removing Uganda from the African Growth and Opportunity Act (AGOA). He stated that Africa has the capacity to grow without Western aid and that Western actors overestimate themselves.

The AGOA is a major trade agreement that provides eligible African countries with duty-free access to the US market. US President Joe Biden announced last week that the US will be removing Uganda from the AGOA as the country had breached the eligibility requirements stipulated in section 104 of the AGOA and committed gross violations of internationally recognized human rights.

In response to Uganda's expulsion from the AGOA, Museveni espoused that the removal of Uganda from the AGOA would not obstruct the country's growth and development. He wrote on X (formerly Twitter):

Some of these actors in the Western World overestimate themselves and underestimate the freedom fighters of Africa. On account of some of the freedom fighters making mistakes of philosophy, ideology and strategy, some of the foreign actors, erroneously think that African Countries cannot move forward without their support ... Certainly, as far as Uganda is concerned, we have the capacity to achieve our growth and transformation targets, even if some of the actors do not support us.

Biden previously said in May of this year that the US would consider sanctioning Uganda upon the country's enactment of its controversial Anti-Homosexuality Act 2023. He stated that the act "is a tragic violation of universal human rights" and the "latest development in an alarming trend of human rights abuses and corruption in Uganda."

In 2022, Executive Director of Uganda's National Bureau for Non-Governmental Organizations (NGO Bureau) Stephen Okello announced that the NGO Bureau had ceased the operations of Sexual Minorities Uganda, an LGBTQ+ NGO. Okello alleged that SMUG had operated illegally as it was not registered with the NGO Bureau or the Uganda Registration Services Bureau.

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Ashley Wong | Chinese U. Hong Kong Faculty of Law, CN/HK

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Uganda president claims Africa can grow without Western aid amid removal from US trade agreement

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Ugandan President Yoweri Museveni on Sunday advised Ugandans not to be overly concerned about US President Joe Biden removing Uganda from the African Growth and Opportunity Act (AGOA). He stated that...

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Uganda records its largest investment in green oil field, earning Shs 5.57 trillion ($1.5 billion) in 2022

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Uganda records its largest investment in green oil field, earning Shs 5.57 trillion ($1.5 billion) in 2022

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According to the United Nations Conference on Trade and Development (UNCTAD), the Shs 1.55 trillion was the largest recorded in the East African sub continent, during the period under review.

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Uganda records its largest investment in green oil field, earning Shs 5.57 trillion ($1.5 billion) in 2022

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Between 2021 to 2022, investments in Ugandas green oil field project added an extra Shs 1

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Emmanuel Katto's Visionary Ideas to Propel Africa's Mining Sector Forward

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Emmanuel Katto's Visionary Ideas to Propel Africa's Mining Sector Forward

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Emmanuel Katto believes Africa has long been known for its abundant mineral resources, which include gold, diamonds, copper, cobalt, and many other precious minerals. But a lot of the time, these resources have been underused or exported as raw materials, which has resulted in a lost chance for the economic growth of the continent.

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Africa poised for unprecedented mining boom

BUSINESS INTERVIEW | THE INDEPENDENT | Africa is poised to experience an unparalleled mining boom that will unleash its immense potential and completely transform the continent's economic terrain. Leading the push is the visionary Ugandan businessman Emmanuel Katto, who has expressed his deep hope and insight into the upcoming revolution of the African mining industry.

"Africa has long been known for its abundant mineral resources, which include gold, diamonds, copper, cobalt, and many other precious minerals. But a lot of the time, these resources have been underused or exported as raw materials, which has resulted in a lost chance for the economic growth of the continent," Katto said.

However, Emmanuel Katto believes a fresh day is approaching.

"Numerous causes, such as the increased demand for minerals globally, technical developments, better legal frameworks, and the emergence of ethical mining methods, are responsible for this renaissance," he explained..

The rising demand for minerals on a worldwide scale is one of the major factors fueling Africa's mining boom.

"The global shift towards sustainable and eco-friendly technology has led to a rise in demand for minerals like cobalt, which is essential for batteries, and rare earth elements, which are used in electronics and renewable energy. African countries are in a good position to provide this expanding need," the businessman who is into mining said.

Emmanuel Katto highlights the need for the mining industry in Africa to evolve from a basic provider of raw materials to a center for downstream industries and value addition. This entails using minerals processed domestically to produce final goods and so take a bigger chunk of the value chain. African nations may boost their economies, generate income, and promote industrial development by investing in domestic processing plants.

Adopting ethical mining methods is also essential to Katto's mission. When mining is done properly, it may coexist with preservation of the environment and residents' welfare. To make sure that mining operations have a good effect on both people and the environment, he exhorts governments and mining firms to promote moral and sustainable practices.

Moreover, Emmanuel Katto believes that technology and creativity will play a major role in the upcoming mining boom. He promotes the application of contemporary technology in the mining industry to increase productivity, lessen its negative effects on the environment, and improve safety. Automation, data analytics, and artificial intelligence may transform the sector and increase its competitiveness globally.

Katto also emphasizes how crucial it is to build infrastructure in order to sustain the expansion of the mining industry. Efficient movement of raw resources and completed goods to international markets necessitates adequate energy supplies, communication infrastructure, and transportation. Infrastructure spending promotes overall economic growth in addition to helping the mining sector.

According to Emmanuel Katto, the reform of the African mining industry would entail cordial connections between local populations, mining firms, and governments. He promotes community involvement and strong regulatory frameworks to guarantee that mining operations are advantageous to all parties involved.

Emka as he is commonly referred to as, a brilliant Ugandan businessman, is leading the charge in this revolution across. Africa is poised for an unparalleled mining boom. To guarantee that Africa's natural wealth acts as a catalyst for economic development and prosperity, his vision spans responsible mining methods, value addition, innovation, infrastructure development, and cooperation. Africa has a real chance to become a mining powerhouse on a global scale because to the mining renaissance.

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Emmanuel Katto's vision for a continent on the cusp of transformation in mining sector

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Africa poised for unprecedented mining boom BUSINESS INTERVIEW | THE INDEPENDENT | Africa is poised to experience an unparalleled mining boom that will unleash its immense potential and completely transform the continent's economic terrain. Leading the push is the visionary Ugandan businessman Emmanuel Katto, who has expressed his deep hope and insight into the upcoming ...