Accra, Ghana — Amidst Ghana’s escalating housing crisis, a groundbreaking initiative spearheaded by Eric Kwaku Gyimah is turning shipping containers into affordable, eco-friendly homes.This innovative approach not only addresses urgent housing needs but also offers a sustainable living model, promoting environmental conservation.At a bustling construction site on the outskirts of Accra, Gyimah, clad in work boots and a high-visibility vest, oversees the transformation of discarded shipping containers into stylish living spaces. This initiative, which Gyimah describes as more than just a business but a movement, aims to provide a solution to the housing deficit that has been intensifying due to…
Author: Johnson Akinyi
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Lagos, Nigeria — Nigerian socialite and businessman, Pascal Okechukwu, popularly known as Cubana Chief Priest, has pleaded not guilty to charges of abusing banknotes, a crime highlighted by authorities as damaging to the nation’s image. The charges were laid following several incidents where Okechukwu allegedly threw naira notes into the air at social gatherings, a common but technically illegal practice known as “spraying.”The Economic and Financial Crimes Commission (EFCC), Nigeria’s leading anti-crime agency, is spearheading a vigorous campaign against all forms of naira abuse, which includes “spraying” money at events where it can be trampled upon. This campaign has led…
Ai Chairman Dr. Hubert Danso was honored to represent the private sector at The 56th Conference of African Ministers of Finance, Planning and Economic Development this week – themed, ‘Financing the Transition to Inclusive Green Economies in Africa’, hosted by the UN Economic Commission for Africa (UNECA) and The Government of Zimbabwe. Given the underreported ‘Inconvenient Truth’ that all Global MDB Private Capital Mobilization (PCM) Reforms and new initiatives will only cover 10% of Africa’s Climate Finance and SDG Investment needs, Dr. Danso shared a Private Sector Perspective to, ‘Make Development Investable’, calling for ‘Climate Investment…
As organisations step up efforts to leverage the capabilities of artificial intelligence (AI), it is essential for both AI developers and regulators to consistently contemplate, integrate, and advocate for ethical considerations throughout the entire process. That’s according to Hope Lukoto, Chief Human Resource Officer at BCX, who points out that while AI promises a plethora of business benefits, responsible use of the technology is key to unlocking its full potential. AI bias, also referred to as machine learning bias or algorithm bias, refers to AI systems that produce biased results that reflect and perpetuate human biases within a society, including…
As significant economic agents in Africa, Small and Medium Enterprises are being targeted to drive the climate conversation. However, they need to be empowered before they can play that role effectively, OLUWAKEMI ABIMBOLA reports The cost of climate change is evident in our lives today and is significantly impacting businesses. While Nigerians are still lamenting about the intensity of the sun these past couple of weeks, South Sudan is going through an extreme heatwave that has seen schools shuttered. South Sudan’s government closed down all schools as the country deals with a wave of extreme heat expected to last two…
Listen to this story. Enjoy more audio and podcasts on iOS or Android.Your browser does not support the <audio> element.IN ANCIENT times, the pharaohs knew their survival might depend on the annual flooding of the Nile. Without its deluge of rich black silt, crops could not be sown, and hungry people tended to turn on their leaders. Times have changed, but Egypt’s modern-day pharaoh still looks elsewhere to sustain his rule: not south, to the headwaters of the Nile, but east, to the oil-rich monarchies of the Gulf.On February 23rd Egypt and the United Arab Emirates (UAE) signed a $35bn…
Huge oil discoveries in the deep coastal waters off Namibia over the last two years are generating a wave of energy investor interest in the country’s hydrocarbon reserves – the recent finds potentially turning it into one of Africa’s top petroleum producers in the coming years.With an estimated 11 billion barrels of oil reserves confirmed so far, the southern African state could be on the brink of a potentially transformative energy bonanza, since oil prices are currently high and likely to remain so for the foreseeable future. Initial discoveries could double the size of the country’s economy by 2040, with…
While Africa continues to face challenges around healthcare accessibility and cost, there are glimmers of hope on the digital horizon, explains Rodney Taylor, MD at Guardian Eye Sub-Saharan Africa is expected to become home to one in three people by the end of the century with a rapidly growing population and some impressive economic growth statistics. Currently, the region’s population is over one billion with more people living on a wage less than $2 per day than anywhere else in the world. With higher mortality rates for women and children, lack of access to infrastructure and medication, and the high…
This week the US House of Representatives passed a bill that requires TikTok’s Chinese owner ByteDance to sell the social media platform or face a ban in the US, in a move that experts say could “embolden” African leaders to impose similar restrictions on the continent’s fastest-growing platform.Lawmakers in Washington have acted against ByteDance over allegations that the China-based company collects sensitive user data and censors content deemed unacceptable by the Chinese Communist Party – allegations which the company has consistently denied.The bill, which still needs to be cleared by the US Senate before coming into force, would bar app…
Relatives of the two Binance executives detained in Nigeria amid a crackdown on the crypto exchange platform on Tuesday spoke about their expectations of a quick resolution with the Nigerian authorities. According to the families of the two executives, the officials are 39-year-old Tigran Gambaryan, an American and Binance’s head of financial crime compliance, and 37-year-old Nadeem Anjarwalla, a UK and Kenyan national who is Binance’s regional manager for Africa. This newspaper reported how the Nigerian government detained the two executives of the crypto exchange platform amid desperate efforts to stabilise the nation’s foreign exchange market. Nigerian government sources with…