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FTAN advocates decarbonise, green industrialisation in tourism, trade in Africa

Nigerian Tribune The President of the Federation of Tourism Associations of Nigeria (FTAN), Mr Nkereuwem Onung has called on the various governments and tourism stakeholders to think more of how to promote green industrialisation in the tourism and trade sectors on the African continent. The President of FTAN, who was represented by the Coordinator, FTAN…

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NBA launches office in Kenya

The East African It is a new dawn for Kenyan basketball following the launch of National Basketball Association (NBA) office in Nairobi. Five-time NBA champion Ron Harper, NBA Africa Chief Executive Officer Victor Williams and Basketball Africa League (Bal) President Amadou Gallo Fall are among the dignitaries who attended the event held Wednesday evening at…

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African continent counts on COP28 for effective solutions to confront climate change

WAM (Emirates News Agency) DUBAI – COP28 is witnessing a strong presence of African nations, who are actively engaged in discussions and seeking effective solutions to confront the repercussions of climate change and reduce carbon emissions. Though the African continent’s share of global carbon emissions is relatively low, accounting for only 3.5% of greenhouse gas emissions…

Economy

South Africa producer inflation quickens to 5.8% y/y in October

Reuters News South Africa’s producer inflation quickened to 5.8% year on year in October from 5.1% in September, statistics agency data showed on Thursday. On a month-on-month basis, the producer price index was at 1.0% in October from 1.5% the previous month, Statistics South Africa said.

Economy

FRC Nigeria to unveil new code of corporate governance in Q1 2024

Nigerian Tribune Executive Secretary /CEO of the Financial Reporting Council of Nigeria (FRC), Rabiu Olowo has unveiled a four-point strategic agenda to transform and re-launch the council for the global audience. The FRC chief who made this known at a stakeholder roundtable in Lagos on Wednesday, said the agenda is hinged on what he coiled…

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Zimbabwe to construct first utility geothermal power plant

The Zimbabwean Zimbabwe announced that it will construct its first utility-scale geothermal energy Independent Power Producer (IPP) and support the reduction of greenhouse Gas (GHG) emissions in the country, of which the energy sector is the highest contributor. The initiative emanates from the Green Resilient Recovery Rapid Readiness (GRRRR) and Geothermal Energy Development Project in…

Economy

Zimbabwe inflation quickens two months after new price measure

The Zimbabwean Consumer prices rose 21.6% in November from 17.8%, a month earlier, the Zimbabwe National Statistics Agency said Monday in an online briefing, without stating the reasons for the uptick. A 2 US cents per kilowatt hour increase in power tariffs last month likely contributed. The southern African nation revised its inflation measure for…

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Africa: A torchbearer in AI innovation and application

Bizcommunity.com Forecasts suggest that AI expenditure on the continent will jump from $3bn in 2023 to $6.4bn by 2026. As global developments in AI, like OpenAI’s DALL-E 2 and conversational agents like ChatGPT, continue to shape the future, our continent stands ready not just to adapt but to lead. The concept is not high-minded or…

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IBM and AWS expand partnership to accelerate generative AI adoption in Africa

Bizcommunity.com IBM announced an expansion of its partnership with Amazon Web Services (AWS) to help more clients operationalise and derive value from generative artificial intelligence (AI). As part of this expansion, IBM Consulting aims to deepen and expand its generative AI expertise on AWS by training 10,000 consultants by the end of 2024. The two…

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Nigeria’s Tinubu: 2024 budget deficit seen falling to 3.9%/GDP

Reuters News Nigeria’s budget deficit is expected to narrow to roughly 3.9% of gross domestic product (GDP) next year from about 6.1% this year, President Bola Tinubu said on Wednesday. Tinubu added in his first budget speech to lawmakers since being elected that spending priorities in 2024 would include security, infrastructure and measures to ease…